Long-term view for gold!The game for gold is not over yet! I know the current mood is not in gold's favor, but it's also a good buying opportunity for long-term investors, especially those who want to invest in physical gold without trading risk.
GOLD trade ideas
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.
Just a thought! Simple Idea!
Channel is just to illustrate the move up. Fib drawn from swing low in June till swing high in October!
Yesterday Nov 14 price tested the 50% area which is not really a Fib number
Perhaps price will 'try' and test the 0.618 golden Fib level, before shooting up to make new ATH
Especially in light of Fed Chairman's speech yesterday where he took a 'hawkish' stance IMHO!
What do you think? please share!
Maximum projection of Zigzag has touched (Be Aware)Dear Traders,
Those who are trading according to 1 hour chart, gold price has reached the maximum projection of Zigzag correction 261.80%
Opening short position in these level may be suicidal according to wave analysis.
weekly chart long term planI don't see any bull signal on low TF
I don't want to play with market tricks anymore
so I will focus on the weekly timeframe for now and waiting the 2430-2460 bearish target to hit first before analyzing again
I copy-paste the previous weekly sideways for now
and adding 3000$ as bullish target (green one)
step by step plan
1. 2430-2460 hit (dec 2024)
2. 2620 resistance (jan 2025)
3. 2330 support (April-May 2025)
XAUUSDLatest Analysis (As of November 2024):
Trend: Currently, XAU/USD is in a sideways or consolidation trend with strong resistance around the $2000 level and support in the $1850 area.
The RSI indicator shows neutral conditions, around the 50 level, indicating no significant buying or selling pressure.
The MACD shows a mild bearish signal, but there has been no clear crossover to indicate a new trend.
Moving Averages: The price is moving slightly below the 50 EMA, indicating short-term selling pressure.
Gold ushered in continued decline
Yesterday, the gold price fluctuated around the 2560 dollar mark. Is a drop important or not? The current range of gold is still 2580-2535. 2580 is also the watershed of strength and weakness. At the same time, if it falls below 2535, the probability of gold falling to 2500 will increase; if it breaks through 2580 and stabilizes, the probability of gold retesting the pressure will increase. Therefore, the general direction today can only look at this range for the time being.
Today, the gold price still has the risk of continuing to fall. "Bottom fishing" seems to have become a derogatory term in the market. Any currency has lost this function. Short selling has become the only choice and the best direction. If gold loses the support of 2535, it will fall by another 50 US dollars. Today's high and low point area has become the key to the long-short game.
Gold point: 2568-70 short orders continue to be held in the early trading. Those who have not entered the market can enter the market directly if the rebound does not break 2565. Let's look at the decline today! The target is the 2543-2535 line!
GOLD SHORT BUY ENTRY
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
XAUUSD 17.11.2567Here is my outlook on gold for the upcoming week and beyond regarding swing trading:
Due to the break of the main trend, the sentiment for a downtrend has emerged. With a wide price movement range, there is a possibility that the chart will move as illustrated.
I hope this analysis is helpful for everyone.
You can follow and support me on various social media platforms by searching for Invest Research .
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
What’s your opinion for gold ? #Gold
#My personal opinion is the red line.
Of course, considering that we do not have specific news
We do not have tense news
The possibility of peace in Gaza and Lebanon has increased
It is the last day of the market
There is a lot of news for the competitors of the dollar, especially China
XAU / USD 4 Hour ChartHello traders. Hope all is well with anyone reading this. Taking a look at the 4 hour chart I we have moved down nicely to an area of interest that is marked on the chart. We could see a deeper pullback to the lower area of interest. For now, we are mid week, Trump is gonna be in the house real soon. Dollar could keep pumping .... Patience is key. I want to shout out to Big G, my guide through life. I am so thankful, not sure what else to say. Be well and trade the trend. Let's see how the overnight sessions go. I will post a chart for the NY session tomorrow. Thank you for checking out my post.
Expecting a sell off from this regionI was waiting for a good pullback .. now if everything goes as expected I will take a sell here
Gold Intraday Trading Plan 11/15/2024Gold has touched my medium target of 2550. It should bounce from here.
i am expecting an initial drop to 2550 first then soar to 2588.
XAUUSD DAILY INTRADAY TRADING IDEA The Disciplined Trader
How to Enter the Chart for Intraday Trading:
1. Identify Candle Closure:
○ Look for a candle to cross your predetermined zone and close beyond it.
2. Validate the Break:
○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid.
○ Refer to point 4 for additional confirmation.
3. Use Higher Time Frames:
○ Use the H4 chart for more accurate results and to identify stronger levels.
4. Wait for Retest:
○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts.
5. Intraday Focus:
○ Remember, this strategy is specifically designed for intraday trading.
6. Consider Volume Spikes:
○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest.
7. Set Stop Loss:
○ Use a stop loss of 30-40 pips to manage risk effectively.
-THE TRADER'S HUB FAMILY-
Consistency in DNA #16NY OPEN
When we choose our asset, we have to base that decision on the session we want to trade. I am in love with NY session, and precisely NY open with my Big Three - OANDA:XAUUSD OANDA:NAS100USD OANDA:US30USD . I just gave you the keys. Are you really still scared to drive?
~AS Malone
XAUUSDgold is fall almost over 2700 pip from 2780 right aftre the election day on usa, my analysis may easy to understand hope fully. yesterday took a long and got out with 200 pip. looking for one lit down to bounce back long postion, depend how market move.
what you all think of today end of the week?
comment in below.
GOLD LONG SETUP ON 1D CHART Gold is poised for a potential upward move to allow for some corrections, influenced by the DXY chart dynamics. The 2555/2551 zone stands out as a robust support level on higher timeframes, reinforcing bullish sentiment.
Is this a goodbye kiss?It seems that the top of the two long-term channels has been broken and the pullback is complete. If this is true, the price of gold will soon exceed $3,000
GOLD update - Nov 14 2024In the previous analysis it was stated that Gold is heading for 2,770$ and 2,835$ as the final targets and more importantly it was clearly stated that the ongoing Gold rise would be the final one before we see a significant correction/drop in price.
Just as the US elections was concluded, Gold reached the high of 2,790$ and then the heavy correction began. Gold touched 2,536$ today and based on technical analysis, it seems the precious metal is going to have some rise towards 2,600$ and 2,638$ zones.
This possible rise is triggered by crossing above the blue trendline and of course is a temporary up move. In fact Gold shall continue its drop towards lower levels soon.
Gold Price Analysis For Next Move? Read CaptionOANDA:XAUUSD dropped from 2790 and currently trading on 2557 it will consolidate here from range of 2546-2557 and will make a rectangle pattern , once rectangle constructed it will breakout the rectangle and give the targets given in chart.
Gold have just completed its Elliott 4th Wave in Day time frame and also completed 5th impulsive wave in short time from from H1 to 5min now, now it will do corrective move in short term and 5th impulsive move in high time frame
Gold chart, sell points. 8 years of goldSo, i have 8 years of experience on gold and like to share my idea for once.
This is not a trade idea, this is more of a blue print where possible sells may occur.
As we have seen trump get elected, usd getting stronger numbers and gold breaking level after level. We can confirm gold being in an downtrend until confirmation of further uptrend. Now with this information we can sell with confidence, so i just provided you guys with possible sell levels and points.
Myself, i've been selling from 2725, 2702, 2586. I'm holding until 2494.
So i'm just looking to hold my trades and perhaps add more if needed.
I hope this can be valuable to you guys!
Bearish Look for the Gold after USA ElectionGold after formation uptrend channel and break the trend line and the neck line of the confirmed head and shoulders for the pattern ,we are waiting for the target after retest the uptrend channel trend line to reach our target at the Horizontal support at 2600
