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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

Sell order engaged / Stop already on breakevenTechnical analysis: Price-action has achieved a temporary equilibrium on Hourly 4 chart, between #2,552.80 and #2,600.80 (roughly Gold was in Oversold waters on smaller charts) as it still de-balances the Technically Bearish dynamics of Short-term and the Bullish (at least for DX but certainly not Gold) Fundamental "fear factor" and Inflation numbers. By my calculations, DX - sole Fundamental driver behind Gold’s downtrend in continuation was far away from gaining it’s true strength (directly affecting Gold market), and if Gold closes the session below #2,600.80 configuration and does not open with a Bullish Gap fill throughout tomorrow’s session, I will engage set of Medium-term Selling orders towards #2,552.80 benchmark first, then if broken pursue #2,500.80 benchmark projection. Gold continues to represent the product in High speculation mode and as well Buying spree on DX is going in my favor. It is also unknown whether a potential Rate talks are already priced in or not, as well Fed’s aggressive stance and how it will be digested by markets. It is important to note that Gold isn’t soaring as much as it should taking in consideration how it aggressively spiked up in recent Month's. My position: I have engaged Selling order with #2,595.80 entry point with #2,562.80 as my optimal Target. My Stop is already on #3-points on breakeven as #2,600.80 benchmark break-out restores Short-term Buying trend. However rejection here may reverse the trend and re-test #2,552.80 benchmark. This is roadmap for the #1 - #3 session period (small Risk / huge potential) as it is no time to take wild bets on the market.
TVC:GOLDShort
by goldenBear88
Elliott Wave View: Gold (XAUUSD) Starts Next Leg HigherShort Term Elliott Wave View in Gold (XAUUSD) suggests that rally to 2790.07 ended wave ((3)). Pullback in wave ((4)) unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 2724.6 and rally in wave B ended at 2749.9. Wave C lower ended at 2643.1 which completed wave (W) in higher degree. Rally in wave (X) ended at 2710.61. The metal then turned lower in wave (Y) with subdivision as another zigzag. Down from wave (X), wave A ended at 2589.5 and wave B rally ended at 2618.8. Wave C lower ended at 2537.7 which completed wave (Y) of ((4)) in higher degree. The metal has turned higher in wave ((5)). Up from wave ((4)), wave ((i)) ended at 2577.47 and wave ((ii)) pullback ended at 2554.34. The metal extended higher in wave ((iii)) towards 2641.92 and pullback in wave ((iv)) ended at 2618.7. Expect wave ((v)) of 1 to end soon and the metal to turn lower in wave 2 to correct cycle from 11.14.2024 low in 3, 7, or 11 swing before it resumes higher. Near term, as far as pivot at 2537.7 low stays intact, expect dips to find buyers in 3, 7, or 11 swing for further upside.
FX_IDC:XAUUSD
by Elliottwave-Forecast
XAUUSD: Sell Around ResistanceLast week, I repeatedly emphasized that gold would rebound and recommended focusing on long trades. Those who followed my strategy have likely secured substantial profits this time. Additionally, I clearly pointed out yesterday that gold would retest the support around 2580, presenting a new buying opportunity, with resistance at 2608–2614. This analysis has been validated by the market movement. Currently, gold prices have risen to around 2640, entering a new resistance zone. Today’s trading strategy will focus on selling near the resistance area to capture potential pullback opportunities.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD SHORT SWING TRADEGold's Bearish Outlook for December: An Analysis Using Vinnie's Trading Cheat Code Gold's price action is a reflection of global market sentiment, economic trends, and technical signals. Based on the analysis using **Vinnie's Trading Cheat Code (VTCC)**, the December outlook for gold suggests a bearish trend. Here’s a detailed explanation grounded in both technical and macroeconomic factors: --- **1. Technical Signals from Vinnie's Trading Cheat Code** **A. CC Sell Signal on Higher Timeframes** The VTCC system has triggered **CC Sell signals** on the **daily and 4-hour charts**, indicating a shift in market momentum. These signals are confirmed by: - **Bearish Divergence in the CC MACD**: The Cheat Code MACD shows declining momentum despite previous price spikes, a precursor to potential trend reversals. - **Trend Continuation Markers**: Recent price action has failed to break above key resistance levels, reinforcing a continuation of the bearish trend. **B. Trendline Break Confirmation** A critical ascending trendline, which supported gold prices since early Q3, has been decisively broken. VTCC confirms this as a bearish trigger when combined with a CC Sell Alert. **C. Lack of Volume on Retracements** During recent upward retracements, VTCC's volume-based Confirm Indicator flagged weak buying interest. This suggests that sellers remain in control. --- **2. Macro Factors Supporting the Bearish Thesis** **A. Strengthening U.S. Dollar** Historically, gold moves inversely to the U.S. dollar. With robust U.S. economic data and the Federal Reserve's hawkish tone, the dollar is poised to strengthen further. This diminishes gold's appeal as a safe haven. **B. Rising Treasury Yields** Higher yields on U.S. Treasury bonds make non-yielding assets like gold less attractive. VTCC's Fundamental Sentiment Scanner has highlighted increased bearish sentiment in gold as bond yields rise. **C. Seasonal Weakness** Gold tends to experience seasonal weakness in December due to reduced physical demand and increased profit-taking ahead of the new year. VTCC's historical pattern analysis aligns with this seasonal trend. --- **Conclusion** Gold's bearish outlook for December is well-supported by VTCC's technical indicators and macroeconomic trends. The combination of CC Sell signals, declining momentum, seasonal factors, and macroeconomic headwinds create a compelling narrative for a bearish move. Traders leveraging **Vinnie's Trading Cheat Code** can capitalize on this trend with confidence, knowing the system’s precision in identifying high-probability setups.
FX:XAUUSDShort
by bluesignalfx
GOLD recovered slightly with main bearish outlookWhen the US Dollar index TVC:DXY rose to its highest level this year, which has reduced the investment appeal of OANDA:XAUUSD fell again and gold prices plummeted to a 2-month low. Federal Reserve Chairman Jerome Powell recently suggested that there may not be any interest rate cuts in December. According to data released by the US Bureau of Labor Statistics on Thursday, the US producer price index (PPI) in October increased 2.4% year-on-year, higher than the increase of 2.0%. 3% expected and higher than the 1.9% increase in September. Core PPI, which typically influences the core personal consumption expenditures price index (PCE), rose 3.1% year-on-year, up from 2.9% previously and above expectations of 3%. Additionally, Thursday's data also showed the number of Americans filing initial unemployment claims fell to its lowest level since May last week, suggesting labor demand remains solid after the storms. and recent strikes. The U.S. Department of Labor reported that the number of Americans filing initial unemployment claims fell by 4,000 to 217,000 in the week ended November 9, compared with a median forecast of 220,000. Gold prices have fallen for five consecutive days and this week's drop could exceed 4%, which is expected to be the biggest weekly drop since June 2021. Powell's hawkish comments signal a "major shift" in the Fed's outlook for rate cuts Federal Reserve Chairman Jerome Powell said on Thursday that the central bank does not need to "rush" to lower interest rates due to the strength of the US economy and that the central bank will "watch carefully" to ensure that certain measures of inflation remain at acceptable levels. “The economy is not sending any signals that we need to rush to cut interest rates,” Powell said in a speech to business leaders in Dallas. The strength of the economy we are seeing now allows us to make prudent decisions.” In an upbeat assessment of the current situation, Powell said domestic economic growth in the US is “so far better than in other major economies around the world”. Powell reiterated that the Fed's path to adjusting interest rates will depend on upcoming data and developments in the economic outlook. On Asian markets on Friday (November 15), spot gold maintained a recovery trend during the day and gold prices are currently at around 2,570 USD/ounce. Today, the US Census Bureau will release retail sales data for October, which is expected to cause significant volatility in the gold market over the weekend. Surveys show U.S. retail sales are expected to rise 0.3% monthly in October, after rising 0.4% in September. US retail sales data is known as "big data" because it typically has a larger impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold. If US retail sales data is stronger than expected, the US Dollar could strengthen, thus continuing to pressure gold. On the other hand, the weaker-than-expected retail sales report will stimulate gold prices to recover further after the recent long series of declines. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold recovered without reaching the horizontal support level of 2,528 USD. Note to readers in yesterday's edition. Although gold has recovered to return to above 2,548 USD, in general its short-term trend is still inclined to the downside with the price channel as the short-term trend. In addition, the technical recovery prospect is also encountering some resistance from the lower edge of the price channel, the resistance level of 2,588 USD and the 0.786% Fibonacci retracement level. On the other hand, the Relative Strength Index has not yet reached support from the selling area, so there may still be room for a decline in momentum ahead. The main trend of gold in the short and medium term is still downtrend, the recoveries are only considered short-term adjustments and the notable points will be listed as follows. Support: 2,550 – 2,548USD Resistance: 2,581 – 2,588 – 2,600USD SELL XAUUSD PRICE 2621 - 2619⚡️ ↠↠ Stoploss 2625 →Take Profit 1 2614 ↨ →Take Profit 2 2609 BUY XAUUSD PRICE 2519 - 2521⚡️ ↠↠ Stoploss 2515 →Take Profit 1 2526 ↨ →Take Profit 2 2531
OANDA:XAUUSDShort
by Xayah_trading
XAUUSD- Time to sell!!XAUUSD- Time to sell!! I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points.
FOREXCOM:XAUUSDShort
by Professor-Michael
Bearish Continuation with Potential Reversal!OANDA:XAUUSD 4H Chart Current Price: 2563.200 Descending Channel: A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally. Bearish Continuation Pennant: A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price continues lower, with sellers in control. A breakout to the downside confirms the continuation of the bearish trend. RSI Bullish Divergence: RSI Bullish Divergence occurs when the price forms lower lows, but the Relative Strength Index (RSI) forms higher lows. This indicates a weakening downtrend and suggests that the bearish momentum is slowing, potentially signaling a reversal to the upside. Key Levels: • Strong Pivot: 2578.125 • Ultimate Support: 2500.00 • Major Resistance: 2656.379 Outlook: After analysing, we can see that the price has been rejected multiple times from Strong Pivot at 2578.125, and has formed a Bearish Continuation pattern. Since the RSI is below the 50 line, it is still considered bearish territory, so the price is most likely to drop to the Ultimate Support (psychological level). Then, we expect the RSI Bullish Divergence to show its effect and push the price back to the Strong Pivot (2578.125). After a breakout of this level, we expect the price to reach the Major Resistance at 2656.379. Happy Trading
OANDA:XAUUSD
by SpicyPips
1
XAUUSD D1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2601.05, which is a pullback resistance and a 23.6% Fibonacci retracement. Our take profit will be at 2531, a pullback support level. The stop loss will be at 2658.47, a pullback esistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Gold: Fibonacci-Based Long Setuprice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend. Trade Setup: Entry: 2,632.796 Stop Loss: 2,620.949 (below Fib 0.0 level for protection) Take Profit: Target 1: 2,648.473 (Fib 1.5 level) Target 2: 2,657.553 (Fib 2.0 level) This setup offers a well-defined risk-reward ratio, leveraging clear technical levels to guide entry, stop loss, and take profit decisions.
TVC:GOLDLong
by me22_
XAUUSD: 18/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2627, support below 2500 Four-hour resistance 2627, support below 2581 Gold operation suggestions: Gold rose directly after opening yesterday, with an increase of more than 60 US dollars. In the short term, bulls still have the possibility of upward energy. The upper pressure port is maintained near 2640. At present, it is still necessary to test the strength of the European session, which is also directly related to the long and short direction of the US session. The support below is also maintained near the starting point of the Asian session 2610-2606. At present, the bulls are relatively strong From the current 4-hour gold trend, the upper pressure focuses on the 2627 line, and the lower focus is on the 2606-2610 line support. In terms of operation, we first conduct long and short games in the range. If it stands firm at 2627 today, we can further look to 2650-2700 and wait patiently for the key points to enter the market. BUY:2618near SL:2613 BUY:2608near SL:2603 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
XAUUSDForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
OANDA:XAUUSD
by HavalMamar
XAU ! Nov 18 ! Scalping BUY retest entry BREAK XAU / USD trend forecast November 18, 2024! SCALPING Gold prices saw their steepest weekly drop since September 2023, falling to a two-month low last week as the US Dollar surged to its highest level in over a year. Over the weekend, geopolitical events spurred safe-haven demand, helping the precious metal regain strong upward momentum during the Asian session as the new week began. US President Joe Biden approved Ukraine's use of US-supplied long-range missiles for deeper strikes inside Russia, which, in response, has reportedly deployed North Korean troops to bolster its military efforts. Trendline M30 - price drops to trend BREAK point, then bounces back /// BUY XAU : zone 2575-2572 SL: 2569 TP: 40 - 80 - 150 pips (2587) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAUUSD BUY ENTRY POINT 2630Here’s a refined version: --- XAUUSD BUY SIGNAL Current Price: 2630.00 Action: Enter a BUY position now. Targets: 1️⃣ First Take Profit: 2635.00 2️⃣ Second Take Profit: 2640.00 3️⃣ Third Take Profit: 2645.00 Stop Loss: 2618.00 Important Note: Time is critical for this trade. Ensure timely execution and proper risk management to maximize gains while protecting your capital. Adjust your lot size according to your risk tolerance and follow the levels provided. --- Let me know if you'd like further improvements!
OANDA:XAUUSDLong
by wisdomfreely427