XAUUSD: Losing Bullish MomentumHi there,
The RSI crossed the RSI moving average at a resistance level. Therefore, the price is expected to drop, with a target of 2580 and a bias of 2563.
Have a great week.
K.
GOLD trade ideas
Bulls - high pressure ! XAU increase next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/25 - 11/29/2024
🔥 World situation:
Gold prices surged to a two-week high on Friday during the North American session, supported by a dip in US Treasury yields. Geopolitical tensions kept the metal in demand, though improved US business activity limited its upward momentum. At $2,710, XAU/USD is up 1.50%.
The yellow metal gained strength as the US 10-year Treasury yield dropped by two basis points to 4.40%, providing a boost to gold. The precious metal is on track to post weekly gains exceeding 5%.
🔥 Identify:
A week that saw a big recovery, gold returned above the 2710 area. World tension news is still the main driver for gold prices to continue to recover.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2747, $2788, 2800
Support : $2645, $2604
🔥 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
- The winner is the one who sticks with the market the longest
Gold price will go up because of war!!Increasing geopolitical tensions could lead to an increase in gold
By examining the trend in the one-hour timeframe, gold has an important support range in the range of 2663-2633, and now, given the rate being above the bullish Kumo cloud of the Ichimoku indicator, there is a possibility of an increase in price.
Overall, this scenario is strengthened that the rate can increase to the resistance of the upper range of the Bollinger Band indicator in the range of $ 2822, provided that it maintains and does not record any one-hour candlestick close below the important support range in the range of 2663-2633.
GOLD ANALYZEIn this analysis we are focusing on 1H time frame for GOLD. For finding the upcoming moves and changes in gold price. Let's see what happens and which opportunity market will give us.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analyze or prediction.
#XAUUSD 1H Technical Analyze Expected Move.
GOLD--> Trend favors sellersGold prices maintained their recovery momentum on Wednesday, gaining over 70 pips early in the trading session and currently trading steadily around the 2639 USD level.
While the metal is showing signs of upward movement, this momentum appears to be short-lived as the overall trend remains favorable for sellers. The primary driver is the weakening of the US dollar, as investors take profits following last week's strong rally. Since gold is priced in USD, a weaker dollar makes the metal more accessible to buyers using other currencies.
Additionally, ongoing geopolitical tensions continue to provide strong support for gold prices, with the current target aimed at the resistance level of 2665 USD. If the price successfully breaks this level, further recovery could be expected. Conversely, if it fails, the recommended strategy remains selling in line with the primary trend.
XAUUSD H4 I Reversal off a pullback resistance?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2684.52, which is a pullback resistance close to 61.8% FIbo retracement.
Our take profit will be at 2642.84, a pullback support level.
The stop loss will be placed at 2727.54, a pullback resistance level.
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THE KOG REPORT - Election update:Continuing with this chart we've managed to navigate the move from the all time high into the lower region which we had marked with a circle for Camelot as a potential RIP zone. There was a slight stretch on the move however, we did get the bounce giving us a fantastic long trade.
On this particular chart we would like to see where price closes on the weekly to make a further assessment. For now, if you followed, it moved well.
As always, trade safe.
KOG
Xauusd buy Gold buyers need a daily candlestick closing above the 50-day SMA at $2,660 to unleash additional recovery toward the 21-day SMA at $2,680
Gold now buy 2666
Support 2675
Support 2685
Gold Price Analysis: Key Levels and Potential MovementsGold Technical Analysis
The price has approached a key resistance level of around 26,412 before retreating. A further decline is anticipated, potentially reaching 26,212. If a 4-hour or 1-hour candle closes below this level, the price may continue to drop, targeting 25,888.
Conversely, if the price reverses and stabilizes above 26,444, it would signal a bullish trend, with potential upside movement toward 26,777.
Key Levels:
Pivot Point: 2625
Support Levels: 2612, 2588, 2558
Resistance Levels: 2644, 2660, 2677
Trend Outlook:
- Bearish by stability below 2625 and 2612
- Bullish above 2644
Keep Buying Buy On Dip & Sell On TopXAUUSD GOLD RUNNING, as planned first Buy Area at 2542 - 2563 is done.. So far gold up 31 Poin.
Now We are keeping an eye on XAUUSD Buying Opportunity Around 2589, 2604, Once we get any Bullish confirmation, the trade will be executed.
Disclaimer: This chart is informative. The information & recommendations provided are not always complete & accurate, so customers need to verify personally. Trading futures is a costly activity and brings not only profits but also losses
GOLD NEXT LEVELS COMING SOON !!!HELLO TRADERS
As I can see Gold is moving accordingly our previous analysis which we had attached with this chart a low boost is an issue that idea dose not goes more viral in other communities so many traders missed a golden pin entry was from 2539 so kindly boost more and share in other peoples
lets talk about Gold its technically with fundamentally more bullish chart is crystal clear easy to ready match this chart with previous analysis of past week you will get more clues so friends its the Golden age period of trading history make a proper analysis before getting any trade
Stay Tuned from more updates
GOLD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the GOLD with the target of 2,610.856 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Gold continues to rise - waiting for a correction⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices continued to rise for the fourth consecutive day, approaching the 50-day Simple Moving Average (SMA) as heightened tensions in the Russia-Ukraine conflict increased demand for the safe-haven metal. XAU/USD is trading at $2,672, near weekly highs, with a gain of over 0.80%.
Concerns escalated after reports suggested Russia had launched an Intercontinental Ballistic Missile (ICBM) on Ukraine. However, a Western official cited by Reuters clarified that no ICBM was used on Thursday.
⭐️Personal comments NOVA:
H1 frame is still a very stable price increase - aiming for above 2700 area, waiting for corrective reaction
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2706 - $2708 SL $2713
TP1: $2695
TP2: $2680
TP3: $2660
🔥BUY GOLD zone: $2640 - $2642 SL $2635
TP1: $2650
TP2: $2660
TP3: $2670
⭐️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
Correction up for goldHi traders,
Last week's price action of XAUUSD did exactly what I've said in my outlook. It continued to drop lower the whole week.
Now we could see a (small) correction up to the higher Daily FVG and 38.2 fib. retracement.
Let's see what price does and react.
Trade idea: Don't trade. Or wait for a (small) correction down on a lower timeframe to trade (short term) longs.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2524
2nd Support – 2501
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Still bullish long term IMOI have seen this before with gold... where we have a sharp move and then slowly resuming the overall trend. If my analysis is correct (although still learning the EWT) the move down that we saw last week was just a correction from the move that started on the 8th of August.
And this move down almost reached wave 1, but did not. Which makes me think the bulls are still in control. And if the analysis is correct, then 3000 levels should be within reach.
Gold price continues to increaseGold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions.
So far this week, gold has surged over 3.40%, with bullish momentum driving prices closer to the key $2,700 mark. As investors seek refuge from mounting geopolitical tensions and economic risks, gold remains firmly in the spotlight, reinforcing its role as a reliable hedge against market volatility.
2615->2482->2725->2575->2828 XAU FINAL MOVE 2024final bullish anticipated target to complete the bullish momentum we are holding from last year at 1800 right after tensions in the middle east have risen due to hammas invading israel on putins birthday sky rocketing gold acting as a huge catalyst for gold to finally go bull. current support if 1800 then a $1000 dollar increase to $2800 is well within reach considering how close we already are.
congrats on all the traders who have been following my trades since covid. hope you now ready for the big game
i am still swinging my postions. will update when i begin to short the market
FX:XAUUSD FOREXCOM:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD EASYMARKETS:XAUUSD FXOPEN:XAUUSD PYTH:XAUUSD THINKMARKETS:XAUUSD VANTAGE:XAUUSD SAXO:XAUUSD FX_IDC:XAUUSD ICMARKETS:XAUUSD EIGHTCAP:XAUUSD
GOLD SELL SETUP!!Analysing GOLD IS not hard as you Thinking. Let's see how this setup will plays out.. Blaq Forex is the Future..
XAUUSD Trading Idea. Sentiment: (Neutral-Bullish)Strategy: A potential bullish reversal strategy could be to look for a breakout above the neckline resistance around 2,613 with bullish confirmation from candlestick patterns or indicators. A stop-loss could be placed below the recent swing low, with targets set at key resistance levels or based on risk-reward ratios.
Sentiment Analysis: The market sentiment appears to be shifting from bearish to neutral-bullish, with the formation of the double bottom pattern and the potential for a trend reversal.
Market Structure Analysis: The recent price action has formed a clear swing low around 2,536, which could act as a significant support level if the potential bullish reversal plays out. The key swing high to watch is the previous high around 2,670, as a break above that level could signal a stronger bullish momentum.
Indicator Analysis:
RSI: Bullish divergence, indicating potential for a trend reversal.
Signal: The RSI has formed a bullish divergence, with the price making lower lows while the RSI has made higher lows, suggesting potential buying pressure.
Interpretation: The bullish divergence in the RSI is a potential reversal signal, adding confluence to the double bottom pattern on the price chart.
Indicator Confluence: The double bottom pattern on the price chart and the bullish divergence in the RSI are confluent signals, increasing the potential for a bullish reversal.
Volatility Analysis:
ATR: 30.4 (Based on the recent price range)
Trend: Volatility appears to be contracting, with the price range tightening.
Range: The recent price range has been relatively narrow, around 100 pips.
XAUUSDGold is expected to correct at the beginning of the week. A return to the Oderblock at 2595 before going up again, to see what this Monday evening has in store for us.
Xauusd buy confirm Gold could run into sellers at $2,655 on the road to recovery
The immediate resistance is seen at the $2,630 round number, above which a strong topside barrier aligns at the 50-day Simple Moving Average (SMA) at $2,655.
Gold now buy 2618
Support 2632
Support 2651
Resistance 2602
Resistance 2590
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
This is an update on the weekly chart idea we have been tracking for over a month now.
After smashing all our Bullish targets we are now seeing the well overdue correction into the retracement range. The channel top and the retracement range are good areas of support for a reaction.
We have a body close below the retracement range opening the swing range. However, ema5 cross and lock will further confirm and strengthen this. The new weekly candle this week will have an ema5 defacement to the top of the channel, so may see some correction above to re- attach.
We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future.
We are now seeing price break back inside the channel, and therefore will now track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps for the future..
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
