XAUUSDXAUUSD ( Gold / U.S Dollar ) Bullish Channel as an Corrective Pattern in Short Time Frame and completed the Breakout of Lower Trend Line. Break of Structure and Strong Divergence. Completed " 12345 " Impulsive Waves and " A " Corrective Wave at Fibonacci Level - 50.00% and Extreme POIby ForexDetective3
gold sellbest time to sell gold now for along term profit gold rally at the entry zone and we waited alot to sell Shortby Forexnation2375
DAILY ANALYSIS - XAUUSD (WED, 6th NOVEMBER 2024)Bias: Bullish USD News: -Presidential Election Analysis: -Previous daily candle closed as strong bullish -Retracement started from 0.236 fib level -Looking for BUY if there's confirmation on lower timeframe -Pivot point: 2720 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.Longby HM_fxtrading2
XAUUSDThe GOLD is currently in a downtrend and could continue its slide towards the 2710 level. The US elections could help on a fundamental level.Shortby MCY-TRADER-BTC_GOLD4
GOld Fly again“Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?” — George Carlin Its TRUE :DLongby DuckTGold3
GOLD - XAUUSD - INTRADAY IDEAThis XAUUSD - GOLD chart is according to M15. Execute the long once the candle closes above the marked zone we could have longed right away if we were in a running market but the market is closed. Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀Longby abdulmoizboy2
GOLD forming strong downtrend, dropping towards the 2700-2665.XAUUSD Price Forecast 🔻 Gold has broken down from its uptrend with a strong bearish candle. Currently retracing to the broken trendline resistance, it’s primed for a potential drop toward target levels. Trade Setup: -Entry: 2740 -Stop Loss: 2750 -Target Levels: 2720, 2702, 2684, 2664 📉 Like, comment & follow for more updates!Shortby AlphaForex56Updated 3
GOLD SELLing AgaiNThis GOLd's new record is probably SL hunting. Going to Sell again No over trade Once trade hit 100 pips move SL to Entry Shortby PotentFXUpdated 5
Gold Drops as USD and Bond Yields SoarGold (XAU/USD) is struggling to capitalize on its recent recovery. Strong demand for the U.S. dollar (USD), supported by polls showing Republican candidate Donald Trump leading in key battleground states, is putting pressure on the precious metal. Additionally, the sharp rise in U.S. Treasury yields and the increasing risk appetite are further limiting the appeal of gold, a non-yielding asset. Looking at the 4-hour technical chart, gold is fluctuating between 2.735 and 2.739, continuing its downward trend. The 2.725-2.720 zone is expected to remain a strong support level, and if gold breaks below this range, it could quickly slide toward the 2,700 level. On the other hand, the 2.748-2.750 zone is currently the nearest resistance, preventing gold from moving higher and causing it to fall below this level. This is my prediction. What do you all think about gold's price today?by Alisa_Rokosz3
Gold price analysis November 5Fundamental Analysis Gold prices reversed intraday losses to hit a more than one-week low and traded around $2,738, largely unchanged on the day ahead of the European session on Tuesday. Safe-haven demand stemming from a bitterly contested US presidential election and the risk of escalating geopolitical tensions in the Middle East provided some support for the precious metal. Furthermore, the unraveling of the “Trump deal”, coupled with bets that the Federal Reserve will cut interest rates further amid signs of a cooling US labour market, continued to drag US Treasury yields lower. This, in turn, fueled fresh US dollar selling and became another factor in favour of non-yielding gold amid cautious sentiment across global equity markets. However, the upside momentum in Gold remains limited as traders seem reluctant to place positive bets ahead of the key event risks this week – the US presidential election and the Federal Open Market Committee (FOMC) meeting. Meanwhile, the release of the US ISM Services PMI Index on Tuesday will be looked at for short-term trading opportunities later in the North American session. Technical Analysis Gold is trading sideways in a narrow range between 2747 and 2725. Today the market is focused on this range as it breaks out of the notable port zone of 2758-2760 and 2712-2710 to generate reasonable BUY and SELL signals. Today’s strategy is quite basic in a day when gold is trading dull and trendless.by TVS-Trader3
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.Shortby syomking764183
20241102 - Gold ReversalIt looks like the gold has changed its direction. It is forming and ABCD pattern.Shortby abdulmoeedsiddiqui2
g=GOLDgold i sbearish on 1h tf 2640 bounce till 2700 now 2605 can be seen long termShortby Monika_6661coq2
XAUUSD 1DHello traders what are your thoughts on Gold ? After a sharp drop yesterday and breaking below its ascending channel support gold has now stablized slightly It is expected that after a correction and pullback to the broken support level gold may resume its downtrend towards specfied lower level Dont forget like and share your thouhts in comments Shortby GoldMarketKiller4
Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold." I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order. My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.Shortby goldenBear882
GOLD midterm Bearish-SignalGold did rally for a good while now. Today I noticed the first bearish signal. The Elliott-Wave(3) could be complete + The RSI had a bearish break on the 1W. Im expecting the Price to retrace in the near future and consolidate for quite a while. Shortby PF_Analysis3
XAUUSD - Stable transactions around 2750 USDOn the 1-hour chart, gold is currently trading around 2,745 USD/ounce, testing a key resistance zone (highlighted in yellow). This level has been challenging to break, indicating that selling pressure remains strong in this area. Key Points to Note Resistance and Support: The current resistance at 2,748 USD is proving difficult to surpass. If gold fails to break above this level, a correction down to the support zone between 2,732 - 2,728 USD is likely. Short- and Long-term EMAs: The EMAs indicate that the bearish trend remains in place, with selling pressure still dominant in the market. If gold fails to break through the 2,748 USD level, we could see a drop towards the support area at 2,732 USD. However, if it manages to break past this resistance, the next target on the upside would be around 2,756 USD.by Chipucu4
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week. According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September. After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy. by BlackBull_Markets5
Gold Analysismarket structure Entry 2754 2762 Stop Loss 2764 Take Profit 2722 Shortby ForexMasteryMedia3
XAUUSD Analysis | Upcoming Election...GOLD recently bounced off the key resistance zone whilst creating all time highs for the last 2 weeks before slowing down before the next quarter phase of $2,800 where we saw a pivot correction into what could be a inner descending channel of the overall long term bull trend. As price approaches a key support level which is met by several confirmations such as the EMA, Dynamic Trend, Lower BB + Latter half of this quarter phase we could see a short term pullback to test that newly created resistance and create a lower high inside the inner channel before descending to fulfil price at these confirmation levels of $2,700 and a suitable long entry point for the long term trend following the correct validations. In previous times following elections the precious metal has had corrections from its price which would increase the probability of this idea but it is still important to be patient and make sure to wait for suitable confirmations to unfold before looking at entries due to the volatility that will occur primarily watching price action to gain better insight into the market movements. If you like this analysis feel free to drop a like and comment your ideas about the upcoming direction of gold below :) Shortby OfficialKieranTrewick3
XAU/USD Short Opportunity: Watching for Support Break 15 min Gold (XAU/USD) is testing a support zone (marked in green) on the 15-minute chart. If we see a clear breakdown of this level, the next target is our lower support zone, where buyers could potentially step back in. For those in short positions, consider reducing exposure if the price returns to this zone, as it may present a bounce opportunity. Watch for confirmation before considering any long entries. Shortby rebenga932
WHERE IS GOLD GOING??GOLD has seen a sharp downfall after testing the highs of 2801 on October 30th since the interest rate cuts by the Fed were widely expected, finally came true which added selling spree on gold. Secondly ,Donald Trump victory in the 2024 Us president election has added more fuel to the free fall of gold. On the daily chart ,gold shows a significant resistance around 2746 , we could see it test this resistance and continue going down, otherwise if support of 2656 gets broken it will go down more to 2525 and lower.by ForxTay5
READY SELL GOLD AT RESISTANCE ZONE Here on Gold price pushed down but now recovery so it likely to move down more if it reach a resistance zone of 2708.234 so trader should go for SHORT and expect profit target of psychological level of 2615.000 with stoploss of around 2737.730 . Use money managementShortby FrankFx14Updated 2