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GOLD trade ideas

World gold prices increased stronglyWorld gold prices exploded strongly when the USD dropped. Recorded at 9:30 a.m. on November 18, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,562 points (down 0.05%). Although the short-term technical picture has improved, it is still too early to confirm a bottom. “Speculators will hope the sell-off since Donald Trump's victory in the US presidential election is over. However, there is nothing to indicate that yet. Gold has fallen every day in the last week, causing the precious metal to lose more than 5% in just four days.” This week's economic calendar focuses on the US housing sector. The market will get data on U.S. housing starts and building permits for October on Tuesday, MBA mortgage applications on Wednesday and existing home sales for October on Thursday. Other highlights include the Philly Federal Reserve's manufacturing index on Thursday. Market participants are watching to see whether the Philadelphia region will see a surge in manufacturing activity like New York state. 🔥 XAUUSD SELL 2594 - 2592🔥 💵 TP1: 2580 💵 TP2: 2570 💵 TP3: OPEN 🚫 SL: 2603
OANDA:XAUUSDShort
by FalCol_TradingMaster
My perspective of Gold-price the past 48hrs. Where to next week? Take a look please at the first chart. Basically, it breaks down the past 36 to 48 hours on a 15m, especially where buying occurred following the 2536 low, impulsive move up which to me looks like smart-money or institutional money with some retailers tagging along, price is then dragged down by a Top 1 where an M-shaped pattern otherwise known M-top forms & a trigger of the neckline causes selling, initially the usual M-top false break upwards in price, a further move down, a couple more low timeframe rally's (false) and then the bigger shift down in price. Buyers move in again at Fibonacci sequence numbers (respected) and price moves up forming a Top2 and Top3, price will most times sell-off which it did, down the rabbit hole again, which incidentally is normal price action for these Top-patterns, price tends to move above the Top pattern after Top3 price retraces. But there is also this same pattern playing out on 1hr and 2hr timeframes, a bigger pattern on price being a higher timeframe, another M-top forms with a neckline at 2560. Price tests this level several times, in fact price broke through slightly on at least 1 occasion. If its assumed that the neckline of this M-top on the 2hr timeframe was taken by price, then any move up would be a false break and that's what happened. Interesting that price did not smash through 2560 at end of session. That is normally what happens after an M-top is triggered at the neckline, price falls a little more, a false break occurs upwards and will last long enough to suck buyers in and then bam - price moves rapidly back down through neck and much lower prices ensue. Pull up a chart of any big sell-off day and you will usually find an M-Top has caused much of the damage. Second chart, is where price will find support around 2500, weak volume in the Asia session Monday and price is easily manipulated to fall lower and firstly test the recent low at 2536. This is a high confluence zone this next support level, its between the 50ema and 200ema and some Candle support from the past couple of months. This level is about 10% down from Gold's high price. Cheers, Chris.
EIGHTCAP:XAUUSDLong
by Easy_Explosive_Trading
XAUUSD: Bottom of the Channel Up, RSI almost oversold. Buy.Gold turned bearish on its 1D technical outlook (RSI = 37.369, MACD = 1.240, ADX = 48.026) as is closed yesterday below the 1D MA50 for the first time in more than 4 months (July 2nd). The downtrend is the bearish wave of the May 20th Channel Up and is so far the strongest of the pattern. Technically Gold is a buy for as long as the 1D MA100 holds. Also the 1D RSI is the closest it's been to the 30.000 oversold level since October 6th 2023. Naturally that makes it a strong buy opportunity. Our target is the 0.618 Fibonacci extension (TP = 2,705). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
XAUUSD Buying Oppotunity #XAUUSD ( Update..! ) Bullish baised | Long Buy Currently gold is running on a ranging market. We have cleared BOS to upside  and should take 2546 - 2550 sales totally before going upside liquidity. I expected once the market Open price will fall to this range and will rise up to 2600 - 2618 zone. If broken and this zone the price will continue the bullish movement to 2634 - 2645 area. Otherwise it will fall to the next liquidity zone Below. Enter with proper local bullish confirmations. Good luck guys NOTE : This is my trading plan. enter with your own risk
OANDA:XAUUSDLong
by chamitha45
XAUUSD: 14/11 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2627, support below 2500 Four-hour resistance 2585, support below 2550 Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern. From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend. SELL:2581near SL:2586 SELL:2565near SL:2568 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLD
by ActuaryJ
Xauusd | gold Analysis h1 time frameXau/usd | gold Analysis h1 time frame - This video is based on educational purposes - Last week market try to break the resistance level at 2574 - 2576.00 but it clearly failed and drop 100 pips down and right now market is in 2562.00 - We are observing the market and concluded that in the range area we set on chart at this point we will going to open our buy positions with proper risk management because market should be do retracement at that point all the targets were given in charts and kindly subscribe and share our channel for more confirmations you guys have to stick with one channel
OANDA:XAUUSDLong
by professionaltradersfx
XAU/USD 18-22 November 2024 Weekly AnalysisWeekly Analysis: Swing Structure -> Bullish. Internal Structure -> Bullish. Price Action Analysis: In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks. Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range. Price is projected to move downward toward either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high. Note: Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings. Weekly Chart: Daily Analysis: -> Swing -> Bullish. -> Internal -> Bullish. Price Action Analysis: In my weekly analysis dated 27 October 2024, I forecasted that price could potentially make new highs, thereby shifting the bearish Change of Character (CHoCH) closer to recent price action. This repositioning would serve as a trigger for a bearish pullback phase initiation. As anticipated, this scenario unfolded with CHoCH shifting nearer to the current price and ultimately printing a bearish CHoCH. Currently, price is trading within an established internal range (highlighted in blue), trading in the discount zone of the internal 50% Equilibrium (EQ) and approaching a Daily demand zone, where a reaction is likely. Given the current internal range dynamics, price is expected to react upon reaching the Daily demand zone and could trade upward to target the daily internal high. However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Note: With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action. Daily Chart: H4 Analysis: -> Swing -> Bearish. -> Internal -> Bearish. Price Action Analysis: Analysis remains the same as previous bias from my analysis dated 12 November 2024. Price has printed both a bearish Internal Break of Structure (iBOS) and a subsequent bearish Break of Structure (BOS), confirming the need for a pullback across all higher timeframes (HTFs). Currently, price action remains in alignment with the broader HTF pullback requirements. Intraday Expectation: The expectation for the intraday session is that price will print a bullish Change of Character (CHoCH) to indicate the initiation of a bullish pullback phase. The positioning of this bullish CHoCH is indicated by the blue dotted line on the chart. However, it is also possible that price could extend to a new low, bringing the CHoCH positioning much closer to the current price action. Note: Given the Federal Reserve’s dovish stance and ongoing geopolitical uncertainties, heightened volatility in Gold prices is anticipated to persist. We should exercise caution and remain vigilant in this high-volatility environment. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
7k usd profit hit today im still holding to see this HS play outCan someone explain to me why gold is still going down? ArmanShabanTrading 3 hours ago TheSecondGambler, Gold is currently under pressure due to a combination of factors: Strengthening USD: A stronger dollar often weighs on gold since it makes the metal more expensive for foreign buyers. Reduced Demand for Safe Havens: With increased market optimism and a shift toward risk assets, the demand for gold as a safe haven has decreased. Interest Rate Expectations: Market speculation around delayed Fed rate cuts or even rate hikes is reducing the appeal of non-yielding assets like gold. These combined factors are driving the bearish momentum in gold prices. Let me know if you’d like further clarification! Captainobvious5454 in 11 minutes ArmanShabanTrading, dont forget btc becoming an inflationary asset that rivals gold once trump assumes office and allows banks to hold btc! so we can see gold decreasing in market cap while btc market is going up literally investors already reallocating thier money.
FX_IDC:XAUUSDShort
by Captainobvious5454
XAUUSD swing sell target 400 pips 4 hour chartLooking to sell gold when it rises to 2697 expecting it to continue to fall to 2657 which was previous support. Trade is based on higher time frame trend lines and supported by Fibonacci levels , 0.5,0.628 marked out on chart. You can see that Gold broke the daily level of resistance as well as the 4 hour resistance too there is a chance for gold to open bearish , basing this on the last 2 daily candles , but I think we will retrace to test entry again. As always best way to enter these trades is wait for break and retest before entering
OANDA:XAUUSDShort
by F0rexBorex
1-Day Gold: Broad Up Trend Remains Gold recently experienced a correction from its all-time high, pulling back sharply and breaking below the immediate support at the 23.6% Fibonacci retracement level. This drop signals a temporary pause in the bullish momentum, suggesting a phase of consolidation. However, the broader trend remains positive, supported by strong technical indicators. The bullish outlook is reinforced by a “Golden Cross” formation, where the 20-period Moving Average (MA) has crossed above the 60-period MA. This crossover is a widely recognized bullish signal, indicating a potential long-term uptrend. Historically, such a crossover attracts new buyers, as it reflects a shift in market sentiment and strong upward momentum. Moreover, the Relative Strength Index (RSI) has corrected from overbought levels and is currently hovering near its lower range, around 30. This suggests a potential rebound as the RSI dips into a zone where buying interest typically resurfaces. If the RSI can sustain a move back above 50, it may confirm renewed bullish momentum. In summary, while the recent pullback hints at near-term weakness, the underlying trend remains upward due to the Golden Cross and improving RSI, with key support levels likely attracting new buyers. A bounce from current levels could set the stage for another test of the highs, especially if macroeconomic factors continue to favor safe-haven demand.
CAPITALCOM:GOLDLong
by Trendsharks
Projected Gold Bottom Nov-Dec 2024: Key Levels & Support ZoneUsing Elliott Wave and Fibonacci analysis, I anticipate that gold’s 0.5 retracement level at $2,540, or alternatively the 0.618 level at $2,485, will act as solid support. From these levels, we may see a rebound to the 0.382 or 0.236 retracement levels, potentially lifting prices to around $2,600 or $2,675 in the B wave, followed by a corrective C wave. I expect the 0.618 level to hold, making a dip below $2,485 unlikely. There’s a slight chance of a deeper drop to the 0.786 retracement at $2,400, though strong buying interest is likely at that point.
TVC:GOLD
by Aishman
Gold’s Next Move: Key Levels to Watch Amid ConsolidationGold is currently consolidating on the lower timeframes within the range of 2576 to 2559, maintaining its bearish trend. The next significant support level is at 2529, with a demand zone just below at 2518, where a daily engulfing candle is evident. This area is likely to prompt a price reaction, potentially leading to a retracement toward 2610 as the market retests the recent break of structure and trendline. Another key level to monitor is 2480, which could attract significant interest. On the upside, if gold breaks and stabilizes above 2577, the initial target would be 2688. A successful break and retest of this level would pave the way for a continued move to 2610.
OANDA:XAUUSDLong
by samstoobad