Break down / Retest
I'ts a clear trendline break down on daily & 4 hours. Retested. i think the next target is the 1st KL around 2713.
Strong resistance on 1 hr around 2730.
See how beautiful yesterday's double top.
XAUUSD trade ideas
XAUUSD Overview (03-Nov)PEPPERSTONE:XAUUSD fell from 2780.
Watch 2740 for selling opportunities towards Zone 2.
Gold Next Week Plannings 04-08.11.2567This is my xauusd plannings and path chart next week.
We need to focus on Tuesday : (Election Presidents)
and Federal Fund Rate on Thrusday.
So, becareful for volatility of the market
XAUUSD-bias short Bearish indications:
LLLH
Trend line resistance respected.
Moving average is respected in day time.
Moving average respected in 4 hr time frame.
Resistance respected at 2701
Currenlty at lower high to go further low.
Formed head and shoulder pattern from resistance.
Fib level 0.618 respected at 2708
Support broken at 2685.
Moving average respected
Trade plan bias short @ 2685
SL:2701
TP1:2671
TP2:2659
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.
Indicator not toped and double bottom 2680 = 2701 retest possiblAlot of people see 94 rwsistance but I think necause 2680 double bottom it will break 2694
Lets see...
XAUUSD: Continue to Monitor Resistance at 2712-2720During the Asian and European sessions today, gold pulled back as it approached key resistance levels, and is currently near a support zone. Based on the current price structure, the support appears relatively strong, suggesting a potential for a rebound in the short term. If the support remains intact over the next hour, the price could rise again, with focus shifting to the resistance zone around 2712-2720. However, if the support is broken, there is a possibility that the price may test the previous lows again. In this case, the formation of a "W" reversal pattern should be monitored, as it could signal a significant rebound opportunity.
Gold sell entryRetest on the bullish trend making second touch on the current bearish trendline resistance OR breakout from current bearish trend then continuation to the downside
Gold ReboundsAfter Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce.
Looking at the technical chart at 4:00 PM, with support at $2,650, gold prices have started to rise again and are testing the resistance level at $2,707. If gold breaks through this resistance, it is expected to regain momentum and continue to rise towards a new target. However, if gold fails to break through the resistance, it could fall back to the support level of $2,683.
During this time, make sure to closely monitor the market to respond promptly to any unexpected developments!
XAUUSD - Sell Position TechnicalThe technical indicators and moving averages suggest a strong sell signal for XAU/USD. The price is currently in an oversold condition, and the trend is strongly bearish
GOLD : BUY MoreI told you ☺️🥰 I told you guys before , buy more buy more and buy more in the higher loss by more in the higher lowss and hold it for long term for long term guys listen gold is always up trending
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
Downtrend continues - GOLD downGold (XAU/USD) came under heavy selling pressure ahead of the European market on Wednesday, falling to near $2,700, a near three-week low. With Republican candidate Donald Trump taking the lead in the US presidential race and potentially becoming the 47th president, the dollar has staged a strong rally, triggering a sell-off in gold.
Concerns about deficit spending and expectations of less aggressive interest rate cuts by the Federal Reserve have also pushed up US Treasury yields and shifted investors' interest away from non-yielding gold. In addition, the risk appetite shown by the strong rebound in US equity futures suggests that the Aussie could continue to fall against the US dollar.
The election result pushed gold back into the 2,700 support range, recovering in correction mode. Still maintain the upcoming gold support zone: 2700-2680
Sell: 2748-2750
SL 2755
TP1: 2740
TP2: 2725
TP3: 2715
Resale support: 2713
Buy: 2700-2702
SL 2695
TP1: 2708
TP2: 2715
TP3: 2730
XAUUSD 4HR BEARISH PULLBACK THIS WEEK?WEEKLY: Still Bullish but could make an official pullback to at least 23.6 level.
4HR: Lots of Bearish momentum. Would like to see bullish fakeout to 2760ish area then continue going bearish into 2715 area.
2760 would be 50% retracement for Entries.
2715 would be 127.6% level for Exits.
30MIN: Need a bullish move into 4hr Supply Zone.
ENTRY: ONLY after confirmation of 3min BOS in 4hr Supply Zone or after touching zone.
TAKE PROFIT: 2715 area.
STOP LOSS: 2760s area but ONLY after 3min bearish confirmation in 4hr Supply Zone.
REWARD TO RISK RATIO: 2:1 up to 6:1 depending on where you put your stop loss 2760-2775ish
GOLD XAUUSD PREDICTION🇺🇸 How the 2024 U.S. Presidential Election Could Impact Your Investments
With the upcoming U.S. presidential election, markets are on edge. Both Donald Trump and Kamala Harris offer contrasting approaches, which could lead to different outcomes for stocks and gold. Here’s a breakdown of potential impacts under each candidate:
📈 If Trump Wins:
• Stock Market: Known for pro-business policies, Trump may boost investor confidence through tax cuts and deregulation, potentially leading to a stock market rally. However, his tough stance on international trade, especially with China, could create market volatility.
• Gold: Gold typically benefits from uncertainty. If Trump’s approach increases geopolitical tension or economic uncertainty, gold prices could rise. Conversely, a stronger dollar under his policies might limit gold’s growth.
📉 If Harris Wins:
• Stock Market: Harris will likely continue Biden’s policies, focusing on infrastructure and clean energy. These policies could favor sectors like renewable energy. However, possible tax hikes on corporations may cool off overall market enthusiasm.
• Gold: With more regulatory oversight expected, investor caution may drive gold demand as a safe-haven asset, especially if concerns about government spending or inflation arise.
🔍 Key Takeaways:
• Market Volatility: Elections bring uncertainty, so markets may experience short-term swings as investors react to possible policy shifts.
• Long-Term Impact: While election outcomes have immediate effects, the long-term impact depends on actual policy implementations and global economic factors.
Stay tuned and diversified! Elections are just one of many forces shaping financial markets, so having a balanced approach is key.
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48
Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF
GEOPOLITICS
As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price
US ELECTIONs
As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
XAUUSD H4 Entry SetupsThese Entries Based on Technical Analysis.
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
Key points:Polls show tight race, keeping markets on edgeStock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge.
I think XAUUSD will rebound moderately.
Declines Ahead of U.S. Presidential ElectionOn the global market, spot gold prices edged down by 1.8 USD, settling at 2,736.9 USD/ounce, while gold futures also recorded a decline, reaching 2,745.9 USD/ounce. Investors are currently focused on upcoming key events, such as the U.S. presidential election and the Federal Reserve's interest rate decision.
From a technical analysis perspective, the resistance level at 2,747 USD is posing a challenge for gold in the short term, preventing prices from maintaining an upward momentum and exerting pressure for a potential downward correction. Although support at 2,734 USD is helping to prevent a deeper decline, the recovery of gold's upward trend remains difficult.
Overall, the gold market is currently driven by short-term technical factors, while macroeconomic events such as the Fed's decision and the U.S. presidential election will play a crucial role in determining the long-term trend of gold prices. Investors will need to closely monitor support and resistance levels, while also keeping an eye on macroeconomic factors to make informed investment decisions.
Gold Market Update: Targeting Supply Mitigation at $2750Gold continues to seek supply mitigation around the $2750 level, signaling a key area where sellers may enter. This level remains crucial for the market's next direction, as price action around $2750 could either strengthen resistance or allow for further upward movement.boost , comment and follow for more insights
Gold prices continue to rise from $2750What do you think about gold today? Let's discuss and strategize for the day!
Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal?
Key drivers:
Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset.
XAUUSD's new outlook:
If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher.
Short-term levels to watch:
Major support: $2,740 - $2,750
Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
