XAUUSDGrabbed a great thursday on the 4h extension here. waiting for demand zone to hit and give a good trade for the friday session. monthly should give some good hopes lets esee
GOLD trade ideas
GOLD M30 FORECASTIn this analysis we are focusing on 30M time frame for XAUUSD. I'm looking potential sell today. By using trendline and liquidity concept. So wait for price wait for rejection wait for confirmation. Let's see what happens and which opportunity market will give us. Without any confirmation we could not execute our trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#GOLD M30 Technical Analyze Expected Move.
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly.
The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate.
1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40.
2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction.
3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing.
Intraday thinking plan:
BUY:2715 SELL:2740
Gold is in Super Bullish Mode in 2024, Heading towards $3200 In my previous charts I have shown all the reasons, behind this Super Bullish mode.
And i also clearly shown the figures if any reversal will take place in future.
So, enjoy the ride and also keep your eyes on hedge point or SL ( 2768 ) for tp 2800, 2900 & 3200.
Gold Triangle Breakout Approaching: Key Levels to Watch!Gold is consolidating in a symmetrical triangle on the 1H chart,
Watch for a potential breakout from this zone move above $2740 could lead to further bullish momentum towards $2760, while a breakdown below $2710 may open doors for a bearish move down to $2690 with neutral RSI, both directions are in play depending on the breakout
Keep an eye on price action around these levels!
Good Luck
GOLD POSSIBLE SELLBased on Daily TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
gold long : on monday morninggold has shown a beautiful long chracter on the monday opening near 3am .... that is marked in the chart... so hopefully in this morning this will repeat its behaviour .... so a good chance to buy the gold...
Gold could touch 2768 and 2786 again today.Gold is in bullish trend since last week. It is now making strong support and could again cross 2768 and 2787 level today.
Note: This is not a buy/Sell call. Trade with your own decision.
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance.
The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
Buy Gold @ 2723 - 2719💎Buy Gold @ 2723 - 2719💎
Monday 10/21/2024 03 PM EST
2711 StopLoss —>
2723.5 BreakEven+
TakeProfit 1: 2725
TakeProfit 2: 2727
TakeProfit 3: 2729
TakeProfit 4: 2731
TakeProfit 5: 2733
TakeProfit 10: 2743
TakeProfit 20: 2763
TakeProfit 30: 2783
The Wizard 🧙♂️
Correction It is expected that the price will advance up to the specified resistance levels and then a trend change will be formed and we will see the beginning of the downward trend. If the strong price crosses the 78.6% level, the continuation of the upward trend is likely
Gold Long setupLooking for Gold to long as
1) i can see market creating a possible HIGH LOW
2) and we have a uptrend that i want to follow
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility."
Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%.
Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy.
Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment.
Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.
We continue to go long on gold todayGold continued to close strongly and stabilized at 2740. From the current market, gold bottomed out and rebounded, the bullish trend remains unchanged, and there is still room and demand for further rise. Today, gold focuses on the support below at 2731. If it falls back and relies on this support, it will continue to go long!
Gold fluctuates back and forth at high levels. Gold has not been persistent recently and has been fluctuating at high levels. The 1-hour chart fluctuates at high levels. It is not meaningful to chase more now. The resistance space of gold's previous historical highs is limited. If gold breaks through the resistance of the historical highs, then it will fall back and go long. If the resistance of the historical highs is under pressure, then gold does not rule out another high and fall back, and continue to fluctuate, waiting for Friday's NFP data to find an opportunity to break through.
Trading strategy:
Today, pay attention to 2735~2731 for support and go long. We continue to be bullish on gold today and be cautious about shorting.
GOLD Rising Support Ahead!GOLD is going down
Now but will soon hit a rising support line from
Where we will be expecting a
Local bullish rebound !
Grab Your XAUUSD Scalping Chance!Market Analysis Summary:
Buy Opportunity: Targeting the 2750 zone from the 2730-27 level.
Market Structure: Overall bullish trend, indicating potential upward movement.
Short-Term Caution: Formation of lower lows may lead to a sell-off down to 2690.
Upcoming Events: NFP report is on the horizon, which could introduce market volatility.
Key Points to Consider:
Monitor the 2730-27 zone for entry signals.
Watch for price action around 2690 for potential reversals.
Be prepared for fluctuations around the NFP release.
Stay informed and adjust your strategies accordingly!
Long IdeaPrice has broken back into value, seemingly rejecting the notion that sellers have taken control of the market, I am expecting price to move back to yesterday's main distribution and POC.
XAU/USD Weekly Forecast: Key Market Reversal Zones1. Wyckoff Phases and Key Levels:
Phase A (PSY & ST): Preliminary Supply (PSY) marks the area where early sellers start pushing prices down. The Selling Test (ST) occurs as buyers and sellers test the supply. These phases lay the groundwork for a potential accumulation or distribution phase.
Phase B (B, AR, Creek, LPS, UT):
In Phase B, B and Automatic Rally (AR) represent the initial support and resistance levels. This is followed by a "Creek" or resistance line where price often consolidates below.
LPS (Last Point of Supply) and UT (Upthrust) within this phase mark the highs where the price struggled to maintain upward momentum, indicating potential supply zones.
The SOS (Sign of Strength) signals the market's strength, potentially leading to Phase C if buyers continue.
Phase C (Shakeout): This phase includes a sharp Shakeout where weaker hands are pushed out. This liquidity grab sets up the final push upward.
Phase D and E: In Phase D, we observe a final markup with Higher Highs (HH) and Higher Lows (HL) leading into the top where sellers might step in strongly for a distribution phase. This phase concludes in Phase E if a downtrend is established.
2. Elliott Wave Structure:
The primary wave count shows completion of Wave 5 at the top. Based on Elliott Wave Theory, this could mark the end of the upward impulse cycle, suggesting the start of an ABC correction pattern.
Wave A: The initial corrective leg downward is expected, which aligns with potential selling pressure in Phase D.
Wave B: After Wave A, a minor retracement upward could occur as a corrective pullback before continuing the downward correction.
Wave C: The final leg of the correction, Wave C, may complete the structure, allowing buyers to re-evaluate for potential long opportunities.
3. Supply and Demand Zones (Smart Money Concepts - SMC):
Supply Zone: Located near the highs of the chart, marking resistance and a significant level where institutional sellers may re-enter.
Demand Zone: This area is closer to the lows around the PSY and ST. If price moves down, these levels will act as support where buying interest could return.
Break of Structure (BOS): Key BOS levels signal structural shifts where the market confirms a new trend direction. Watching for BOS on lower timeframes can indicate smaller trend reversals within the larger correction.
4. Key Levels and Trading Plan for Next Week:
W Close Level: This week’s close level will be important for planning trades. If the price remains below this level, we could favor short setups.
Invalidation Points:
High Invalidation (1W): Located at the top of the wave structure; breaking this would invalidate the bearish setup.
Low of the Range (PWL): If the price closes below this low, it would strengthen bearish sentiment.
Potential Trade Setups:
Sell Setup: If price re-tests the high zones but shows resistance or bearish confirmation, short positions can be initiated with stops above the invalidation level.
Buy Setup: If price retraces to demand zones and shows a reversal, there could be potential long setups. A buy setup would look for evidence of absorption of supply before re-entry.
5. Macro Events and Sentiment Analysis:
Next week, key economic events (such as Fed announcements or US economic data releases) may influence the USD, which in turn affects XAU/USD. Hawkish Fed sentiment could strengthen the USD, pressuring XAU/USD lower, while dovish sentiment could support a rally in gold.
Daily Monitoring: Track price action near the Creek and Supply Zone for early signs of buyer weakness or seller strength, especially leading into economic events.
Summary:
Bearish Bias: As long as the price remains below the high invalidation point, the outlook leans bearish, expecting a corrective structure.
Key Levels: Watch for reactions at high and low invalidation points as well as around BOS zones for early trade entry signals.
Events Impact: U.S. economic releases and Fed communications are expected to create volatility, particularly in line with price action around key resistance/support areas.
Gold possible buy We traded continuation trend, when liquidity was created and cleared, while FVG was filled, target was also reached, new opportunities await all of us
Sell order engaged / #2,732.80 TargetTechnical analysis: As expected the Price-action was rejected upon hitting #2,750's Resistance zone fractal for #2 reasons speculated on my remarks: #1) #2,750's being distinguished as major Resistance fractal (ahead of record High's) on Hourly 4 chart, #2) critically Overbought Technicals and Bullish Fundamentals due Fed rate hike rumours which stalled further slide on Gold which had potential to negate all Buying bias regarding the Short-term. Daily chart is still an healthy Ascending Channel which I am surprised is not Overbought already as RSI is pointed near the middle of the indicator. This suggest that there is still moderate upside potential while Hourly 4 chart still holds some Neutral bias even though Symmetrical Triangle got invalidated to the upside (#2,745.80 is still seen Trading as a Support since it was recovered within the same session, also #2,738.80 fractal). This displays very mixed picture on Gold however there is probability of Selling opportunity before eventual #2,800.80 benchmark test (my both Medium-term Buying orders are in excellent Profit).
My position: I have engaged Selling order with #2,755.80 entry point / optimal Target remains #2,722.80 however I might close my order earlier. My Stop is very close to my entry point so I took no High Risk however I do believe that Gold might present decent Selling opportunity before eventual #2,800.80 benchmark extension.
Gold Long Plan, 2800 New ATH?Gold Price Delivered as we predict, I am Looking Two Level For Longs, So If you are following then follow with Risk Management.
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan:
Trade Details:
Option 1:
Entry: Sell in the Potential Reversal Zone (PRZ)
Stop Loss: 2759.50
Option 2:
Entry: Sell Stop at 2740
Stop Loss: Above the defined last high (LH)
Reason for Trade:
The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation.
Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
Gold (XAU/USD) Technical Analysis Update – 31 October 2024Gold has displayed impressive bullish momentum, recently reaching an all-time high of 2790.120 on October 30, 2024. This significant level was achieved just one day after breaking through previous highs at 2758.52 on October 29. With this aggressive upward trend, Gold continues to showcase strength in the face of global market uncertainty, signaling strong demand.
Analyzing the 1-hour timeframe, we observe that the price is trading within an ascending channel pattern. This setup indicates a steady upward trend, with the potential for price pullbacks that may create new higher lows along the way. This pattern suggests that Gold is likely to continue its upward movement after minor corrections, with the next key resistance level in sight at 2800.000.
Traders should monitor this level closely, as a break above 2800 could indicate further bullish extension. However, it's crucial to watch for any pullbacks that may test previous support levels within the channel, presenting potential buying opportunities.
Trade safely and stay wise! Always ensure your risk management strategies are in place. Gold’s high volatility can bring both significant gains and risks. Stay updated, stay prepared, and may your trades be profitable.
