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GOLD trade ideas

XAU/USD 24.11.2024OANDA:XAUUSD Hello Traders, Welcome to my chart update for the upcoming week! Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4. Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move. The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator. So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C). Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target. Good luck, and stay calm!
OANDA:XAUUSDShort
by NeptenFX
3
GOLD (XAUUSD): Your Trading Plan For Today GOLD is currently trading in a unique area where a horizontal supply area has been recently broken and there is also a falling trend line. I anticipate a bearish accumulation in this specific area. To confirm a short position, look for a double top formation on the 1-hour time frame with a neckline between 2626 and 2620. Wait for a bearish breakout with an hourly candle closing below this level, then sell on a retest. The target for this trade will be 2592. If the price breaks above this zone, the setup will no longer be valid.
TVC:GOLDShort
by linofx1
1
Gold Trading within Lower High's towards #2,652.80Technical analysis: Price-action came even closer to my projected #2,642.80 - #2,652.80 Resistance fractal. As expected on the other side the #2,612.80 - #2,618.80 structure acted effectively as an Support zone as it was placed near the last MA period (guarding the downtrend) on Hourly 1 chart. Daily chart is again marginally Bearish on its vast majority, only Supported now by the #2,612.80 which is interval level, and if Support in extension gives away - #2,600.80 Support / psychological benchmark will be set in motion (Daily chart suggests an even Lower Support base towards #MA50 which is reasonable configuration to expect considering the wide frame on my Volume indicator. Fundamental analysis: Keep in mind that underlying trend remains Bearish (due recent Selling developments) so keep #2,600.80 as your potential floor for the session as Hourly 4 chart is about to form Double Bottom and #2,642.80 - #2,652.80 as your Medium-term Resistance zone whose test and potential rejection can be distinguished as an re-Sell opportunity for potential added value. Always consider that Price-action is still inside an Short-term Bearish cycle (called on #2,772.80 benchmark break as a major Selling breakout) with (#1W) Weekly candle on mere (# +0.54%) only on the verge of closing November’s fractal in losses, suggesting that most likey Price-action still didn’t delivered Medium-term Bottom on current Bearish cycle. My position: I have engaged Buying order throughout yesterday's session on #2,630.80 and since Price-action was fluctuating most of the session I have closed my Buying order on #2,634.80 and re-Sell Gold on #2,632.80 and closed my Selling order on #2,621.80. I am currently without any orders however as DX found the Support, I will re-Sell Gold as near as #2,627.80 towards #2,600.80 benchmark. As long as Gold is below #MA50, Gold's trend remains Bearish however expect upside spikes due world's geo-political uncertainties.
TVC:GOLDShort
by goldenBear88
1
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price lay between two weighted levels with a gap above at 2570 and a gap below at 2519, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2570 EMA5 CROSS AND LOCK ABOVE 2570 WILL OPEN THE FOLLOWING BULLISH TARGET 2611 EMA5 CROSS AND LOCK ABOVE 2611 WILL OPEN THE FOLLOWING BULLISH TARGET 2654 EMA5 CROSS AND LOCK ABOVE 2654 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 BEARISH TARGETS 2519 EMA5 CROSS AND LOCK BELOW 2519 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2487 - 2450 EMA5 CROSS AND LOCK BELOW 2450 WILL OPEN THE SWING RANGE SWING RANGE 2411 - 2368 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
24
robbing gold Q2; APRIL - JUNE Q3; JULY - SEPTEMBER Q4; OCTOBER - DECEMBER [for robbery to work it needs to break 2681 if not //this is bear county -- targeting 766.66 As I have shown you gold dropped heavy when president elect Trump, the 27th of oct ,,I was one week late but it's okay,, was injected into the Oval Office. this launched the trump effect In which gold went on a super discount as gold price dropped At 2535s Great discount let me tell you this my habibi .gold will always be in the Demand. Only Way gold prices drop is if we find a meteorite filled with trillions of Dollars worth precious metals /// or in some other Hollywood Way . we are going to hold this bullish gold even though we know President Trump is very very pro dollar and for his trump Towers he would like gold to be cheaper but Mr President there will always be demand for gold so these miners…… They aren't sweating balls for below 2500 price. gold will reach 3000 and yes every drop is a discount good luck DOOmhot Sl 2557
CAPITALCOM:GOLDLong
by markitooo
1
Could the Gold reverse from here?The price is rising towards the pivot and could drop to the 38.2% Fibonacci support. Pivot: 2,663.55 1st Support: 2,618.32 1st Resistance: 2,708.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
1
No NEWS, Opportunity for gold to continue to recoverSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady during the early European session, hovering near $2,620, slightly below Tuesday’s one-week high. Persistent geopolitical tensions, including the prolonged Russia-Ukraine conflict and unrest in the Middle East, continue to fuel safe-haven demand for the precious metal for a second consecutive day. However, expectations of a less aggressive rate-cutting approach by the Federal Reserve (Fed) limit further gains for the non-yielding Gold. ⭐️Personal comments NOVA: Small frame, gold buying pressure is still large, positive recovery, price will still move within the range of 2600 - 2644 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2603 - $2601 SL $2598 TP1: $2610 TP2: $2618 TP3: $2625 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
GOLD Technical Analysis! SELL! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2716.3 Bias - Bearish Technical Indicators: Supper Trend generates a clearshort signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2668.8 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
2
Gold (XAUUSD) Analysis: Anticipated Market Movement1. Current Market Context Phase and Structure Left Chart (1H): Price is currently in Wave 4 of a larger structure, moving within a corrective phase. Wave 5 is expected to complete the bullish push, potentially reaching 2,680.70 or slightly higher, before a Thursday/Friday correction into a bearish weekly close. Right Chart (4H): Price recently completed a Phase B (Distribution), with lower highs forming a divergence. Current push is part of a liquidity grab/inducement phase in preparation for a markdown phase (Phase C). Key Observations A final bullish push (Wave 5) is expected, likely fueled by trapped liquidity (inducement). The correction into Phase C will mark the beginning of the weekly markdown. 2. Expected Price Movement Bullish Push (Wave 5 Completion) Target Levels: First target: 2,680.70 (Divergence Wave 5). Stretch target: 2,695.32 (1.236 extension of Wave 5 diagonal). Invalidation: A failure to break 2,680.70 or a reversal before hitting 2,695.32 would indicate weakness. Correction and Markdown Phase Key Reversal Levels: Expected to top at resistance between 2,680.70 and 2,695.32, triggering markdown. Projected Downside Targets: Short-term target: 2,622.15 (support from prior accumulation). Medium-term target: 2,601.81 (support line of SC accumulation). Extended target: 2,577.30 (Wave 3 must hold or invalidate further downside). 3. Key Price Levels Bullish Resistance Zones 2,680.70: Divergence wave top (high probability reversal zone). 2,695.32: 1.236 extension; upper resistance limit. 2,735.88: Fibonacci 0.786 retracement, potential breakout target. Support Levels 2,622.15: Support line for prior distribution; minor bounce area. 2,601.81: SC (Selling Climax) boundary for accumulation. 2,577.30: Wave 3 invalidation level; failure here signals a bearish continuation. 4. Trading Plan Scenario 1: Bullish Completion of Wave 5 Setup: Look for a breakout above 2,650.0 with strong momentum. Targets: Take profits at 2,680.70 (primary target). Hold remaining for 2,695.32. Invalidation: If price fails to hold 2,650.0, exit longs. Scenario 2: Correction After Wave 5 Setup: Look for signs of reversal between 2,680.70 and 2,695.32. Short Entry: On bearish rejection at resistance zone. Confirmation of markdown with lower highs and bearish momentum. Targets: Short-term: 2,622.15. Medium-term: 2,601.81. Extended: 2,577.30. Stop-Loss: Above 2,695.32 to manage risk. Scenario 3: Failure of Wave 5 Completion Setup: If price fails to break 2,680.70 and reverses early: Early markdown phase starts. Short setup triggers below 2,650.0, targeting lower support levels. Targets: Short-term: 2,622.15. Medium-term: 2,601.81. Invalidation: Reclaiming 2,680.70 invalidates this scenario. 5. Commentary for Viewers What I Expect This Week Gold is currently showing signs of a final push higher (Wave 5) toward 2,680.70 or slightly higher (2,695.32) before topping out. Thursday or Friday will likely mark a weekly correction, as the market transitions into Phase C markdown. The correction may test lower levels, with potential targets between 2,601.81 and 2,577.30. How to Trade For Long Traders: Look for entries on dips to support levels like 2,622.15, targeting 2,680.70. Be cautious near resistance zones and ready to exit longs. For Short Traders: Look for reversal signs at or near 2,680.70 or 2,695.32. Aim for markdown targets at 2,622.15, 2,601.81, or lower. Risk Management Use defined stop-loss levels below support for long trades and above resistance for short trades. Avoid overleveraging, especially during volatility near key reversal levels.
FX:XAUUSD
by spacedevil
Gold Technical Analysis: Potential Bounce Within a ChannelThe provided chart shows a clear bullish structure, with Gold trading within an ascending channel on the daily timeframe. However, recent price action indicates a pullback from the channel's upper resistance. Below is the detailed analysis: Price Structure: Gold has been respecting the boundaries of the ascending channel, with higher highs and higher lows confirming the bullish trend. Internal Trendline: The internal trendline has been tested and temporarily broken, leading to the ongoing retracement. Support Zone: The price has reached a significant horizontal support zone ($2,530-$2,490), coinciding with the lower boundary of the channel. This area is expected to act as a strong support for a potential rebound. Scenario 1 (Bullish Rebound): If the price bounces from the current support zone, it could retest the key resistance at $2,700 and potentially aim for the channel's upper boundary. Scenario 2 (Bearish Breakdown): A confirmed break below $2,490 could invalidate the channel and lead to further downside movement, targeting lower support zones around $2,300.
OANDA:XAUUSD
by melikatrader94
3