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XAUUSD trade ideas

Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
IS XAUUSD CORRECTION OVERIn my recent analysises I warned that a significant correction is xauusd correction in xauusd prices was inveitable. True to this predication the election of Donald Trump triggered a sharp 1000 minus pips dropin xauusd value However yesterday the market rebounded strongly recovering 700 pips from that intial decline. The big question now is wether this correction has run its course in my view we may have reached a bottom and xauusd could be poised to resume its overall uptrend. im currently looking for buying oppurtunities on dips.
OANDA:XAUUSDShort
by GoldMarketKiller
1
Gold professional analysis strategy signalsLooking at the 4-hour chart, the 4-hour moving average of gold has turned downward, and there are signs that a death cross will be formed. If gold continues to fall after the opening next week, a death cross will be formed in the 4-hour chart, which will further open up room for decline. The 4-hour chart is now in a high top structure and the rebound has not returned to the long-short watershed. It is still in a top form. The 1-hour moving average of gold is still in a short position. Gold rebounded strongly in the US market, but it still did not break through the previous high. Gold is still weak. Gold fell under pressure from highs and is still bearish overall. Gold can continue to be short if it rebounds below the US high of 2703, and can continue to be short if it rebounds to 2700 next Monday. On the whole, the short-term operation strategy for gold next Monday is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 2708-2710 resistance line, and the short-term focus on the lower side is the 2640-2643 support line. Strategy 1: Short (buy down) two-tenths of the position in batches near 2698-2700 in the early trading, stop loss 6 points, target near 2680-2660, break to see 2645 Strategy 2: Long (buy up) two-tenths of the position in batches near 2643-2645, stop loss 6 points, target near 2665-2675, break to see 2680
OANDA:XAUUSD
by Scarlett-Rose
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.
FXOPEN:XAUUSD
by ForxTay
Gold Weekly Summary and Forecast 11/9/2024Remember I did predict head and shoulder formation last week and it did formed nicely. However, it didn't touch 2758 high though. Confirmation for the medium bearish trend formation: 1. Head and shoulder pattern 2. Channel broken 3. US election I will engage mostly selling next week. 1st target 2610 and 2nd target 2555. There could be some rebound at 2610 but should be only temporarily. Let's see what the market will give us. Happy weekend!
TVC:GOLDShort
by SteadyFund
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%). According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices. On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%. The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace. Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday. In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000. 🔥 GOLD BUY 2683 - 2681🔥 ✅TP1: 2690 ✅TP2: 2700 ✅TP3: OPEN 🚫SL: 2675
TVC:GOLDLong
by FalCol_TradingMaster
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates. As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDShort
by ThinkMarkets
Analyzing the Factors Behind the Recent Gold Price Decline A Post-Election Dip Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment. Why Did Gold Fall? 1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal. 2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities. 3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets. Is More Downside Ahead for Gold? While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory: 1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal. 2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold. 3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices. Technical Analysis From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly. Investor Strategies Given the current market conditions, investors may consider the following strategies: 1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility. 2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation. 3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs. 4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk. In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
OANDA:XAUUSDShort
by bryandowningqln