Gold Sell SetupCurrently Trading at 2688 , Will Face Hurdle around 2712--2723 , any Rise if Happens Sell It For The target of 2635--2609--2585
LOOKING WEAK , ONE SLIDE AND THAN UP FOR THE TARGET 2858
XAUUSDG trade ideas
Keeping my Selling order / #2,652.80 benchmark TargetFundamental analysis: Within turbulence caused by the U.S. presidential election and Head and Shoulders pattern aftermath, Gold finally broke through the Channel formed since the beginning of August. This does not change the Long-term Bull outlook for now, but the correction now is promising to be greater than the last couple of times. The Bottom line of the next Channel can be the February one, which represents Sellers goal (#2,592.80 – #2,600.80). As Fundamental effects usually correct back half of the Price-action change in the short period that follows, a retest of the Lower line of the August channel seems very likely. Based on this, the obvious strategy is to re-Sell Gold on bigger charts from the psychological levels / benchmarks (these are also Fibonacci retracement levels for the full or local decline).
Technical analysis: So far so good as my first Selling Target is concluded near #2,682.80 Weekly Bottom and local Low's. Overbought Technicals prevailed followed by a strong Bearish reversal in form of Selling candlestick formation that Priced in a Bottom with #2,682.80 as first signs of new-old Support zone appearing, on a Hourly 4 chart’s Three Black Crows candle extension. Despite this, both Hourly 1 and Hourly 4 chart were completely Overbought, and current sequence on Gold was Natural response to such Technical development. No Moving Average still supports Buying bias on any chart, however this is typical Price-action behaviour near Daily chart’s local Bottoms or Top’s. Reversals are not evident and remember that the #2,652.80 - #2,662.80 is a heavy downside Support zone. For now as expected, no signs of Bullish reversal. On such a range bound session, Gold value continues to operate within my Hourly 4 chart's chart’s Bollinger bands. Market closing is adding credence to Sellers, and if market opens on Monday with Selling spike below #2,652.80 benchmark (last strong Support), break of the mentioned zone can aim for another #2,600.80 strong Support line (as cycle showcases that #2,600.80 test might be ahead. Everything in between is Price-action Daily fluctuation which contains no new clues where Price-action will Trade next. Keep in mind however that Technically I can expect Lower levels to be met and tested, however current market structure still holds Medium-term Bullish bias (since Hourly 4 chart is showcasing Bullish presence) and only if #2,700.80 psychological mark breaks and gets re-tested and market closes above (both Weekly and Daily market closing), I can expect Medium-term sentiment to regain Buying status. These multi-session gains on Gold are almost negated with respectful amount of losses Gold delivered and invalidated multi-Month Ascending Channel.
My position: As I expected Fed easing the Rate and which may hurt the DX even more, I have awaited the Fed Rate announcement aftermath and engaged re-Sell order with #2,708.80 since I was aware that Gold will not deliver a move once again above #2,727.80 Medium-term Resistance zone. My order is currently running however I have missed the chance to close the order on #2,682.80 Support / even though my Profit on my re-Sell order is decent already, I will take the Risk and keep the order and close it as close as #2,682.80 Support zone in extension on overall another excellent week for me.
GOLD BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2,788.663.
✅LIKE AND COMMENT MY IDEAS✅
GOLD STAGE 3 LONGS
XAUUSD setting up nicely for the longs coming in to hurt the short sellers who are still in the money £££££££
GOLDXAU/USD price created Bearish FVG from where could react and go to the down side to take SSL and mitigate M FVG
Xauusd LongGold looks to continue with its bullish value, this could probably be the last one we experience in a while but lets see how it goes...
Gold Hits 3-Week Low: Recovery or Further Decline?Gold prices dropped over 3% to a 3-week low on Wednesday (Nov 6) as the USD strengthened following Donald Trump’s victory.
Gold has reached a critical support level around 2,642.534 USD/oz, acting as a key "stop point." If strong buying interest emerges here, gold may see a short-term recovery.
However, if this support level doesn’t hold, the next downside target could be 2,588.110 USD/oz, where additional buying pressure is expected.
The 34 and 89 EMA lines are currently above the price, indicating that the downtrend still dominates. To confirm a recovery, the price needs to climb back above lost resistance levels. Conversely, if selling pressure persists and the price stays below the EMAs, the downward trend is likely to intensify.
Investors should closely monitor price reactions at these support and resistance levels, especially as global political and economic factors could lead to strong market volatility.
XAUUSD SELL ANALYSIS RISING WEDGE PATTERN Here on Xauusd price for rising wedge pattern and has broken line 2683.904 so is likely to go down more and trader should look for SHORT with expected profit target of 2607.065 and 2545.320 . Use money management
Heading into 50% Fibonacci resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,759.46
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,790.71
Why we like it:
There is a pullback resistance level.
Take profit: 2,715.59
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Gold Intraday Trading Plan 11/5/2024This is my prediction for today.
Gold likely will form a falling wedge, which signals buying continuation.
Today's bottom should be 2718 and top is at least 2748.
Gold Market Update: Opening at $2736 with Supply Zone TargetGold opened today at $2736 and is expected to pull back, aiming to seek supply within the daily supply zone from $2743 to $2753. The $2753 level stands out as a potential point of interest (POI), where further market reactions could shape the next move. comment ,boost & follow for more insights .
More Bearish Moves In ComingAs the year draws to a close, we’ve seen gold maintain a strong bullish trend throughout. However, with the year-end approaching, banks, institutions, hedge funds, and other major market players are likely to start unwinding their long positions. This shift could create increased bearish momentum for gold from now until the end of the year.
For November, I expect continued bullish action as these institutions gradually reduce their long exposure, creating short-term buying pressure. After this phase, I anticipate a period of consolidation before price resumes a downward push.
If gold price consolidates around the 2760.00 level, I’ll be watching for an opportunity to short down to the 2680.00 range, which could provide solid support. Should price break below this consolidation pattern, we can expect a continued bearish trend to unfold. However, if price holds within the pattern without breaking lower, it may signal a continuation of the current upward movement.
GOLD (XAUUSD): Buying After Pullback
With a yesterday's bearish movement, Gold dropped to
a key intraday/daily horizontal support.
A cup & handle pattern formation on that is a reliable signal to buy.
With a high probability, the price will reach 2769 level soon.
❤️Please, support my work with like, thank you!❤️
Short to support Area At this level, buyers are losing momentum, and you can confidently short gold down to the support area. From there, we’ll look for buying opportunities
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we would continue with the plan and look to complete our targets which has worked well today. Our red boxes performed well as well as our bias bearish below level which gave the tap and bounce from 2771, we wanted 2770.
Targets completed today:
2755, 2762, 2768
This leaves us with one target level remaining sitting at the 2779 and 2780 price points, which if we can support at the indicated levels we feel should be achieved. We're too high now again to long so unless we get a pullback, we'll follow the plan and look for RIPs from the higher levels for the attempt to short.
A great day on the markets completing not only the gold targets but another 10 targets hit across the other pairs we apply the algo to.
As always, trade safe.
KOG
11.7 The "Trump Trade" explodes, but beware now?On Wednesday, due to the Republican candidate Donald Trump won the US presidential election, gold prices fell more than once, down nearly 3% during the day, as of the current lowest to near 2650, the largest decline since June 7 this year.
The dollar hit a four-month high and is currently trading as high as 105.45. That makes gold more expensive for buyers holding other currencies, as the market bets that higher tariffs under Trump could keep interest rates higher for longer.
From the daily chart: you can see that gold has broken 4 support averages in a row.
At present, the daily below line support is near the am60 moving average position 2615.
If gold falls below the 2650 weekly line support, then there is a high probability of touching 2615 here.
From the current point of view, before gold did not fall below 2650, gold this wave of Trump effect decline is almost over.
Therefore, in the after-market operation, I suggest that we pay attention to the situation here, if we can stabilize above 2650 again.
Then, we can rely on the 2650 position or above 2650 to enter the long. Keep looking above 2700.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
We wanted price to reject the high and give us the short into the red box defence during the early session levels 2730-35. We did get that move but it was achieved via the gap on open giving traders a couple of opportunities to take the long trade from the level following the path. We're yet to complete the first bullish target but we're on our way so we'll stick with the plan!
Based on the structure and range at the moment we're not discounting another dip into the low but will look for pull backs into the 2735 region to hold to continue the move upside.
Support 2735, resistance 2750 could give a reaction for the short scalp. Keep an eye on the red boxes, pinned below, they're working really well.
As always, trade safe.
KOG
Non-agricultural gold increased significantlyAs Gold continues its upward trajectory, traders must recognize that pip values and fluctuations aren’t fixed in impact.
Consider a scenario where Gold moves by 300 pips—when Gold was trading at $1,500, that would’ve been a 2% shift; now, it’s just around 1%.
Being attuned to these changes helps traders avoid overly tight stop-losses, which can lead to premature exit, or take-profits that might cut gains short.
In other words, risk management isn't just about setting numbers; it's about knowing the context of those numbers within market conditions.
By aligning our strategies with current Gold levels, we’re better equipped to maintain consistent risk and reward ratios.
XAUUSD BUY IDEAmy view on gold, testing level of support 2732. a push above 2736.680 will signify a buy. Target is the next level of resistance 2762.555
Gold is following this range since 2014 in 12M tfHi , gold is following the range and if it continue to follow it we will have the range for next year also
will post my observation after some time , waiting for the closing of the year
greenish zone is showing the inside bar breakout zone of an inside bar and below is an inside bar zone
3 Entry Condition For Gold Waiting For NFP NewsBased on last night Gold heavy drop, I was looking at 3 entry possibility for Gold. From the current price, I am expecting to sell for lower low. Then I am expecting Buy until previous day Low - if you open D1 chart, you can see Bearish Engulfing, engulfed zone as possible supply zone. So the 3rd entry are based on D1 Bearish Engulfing.
XAUUSD WEEKLY ANLAYSISTraders Alert
GOLD has broken its support zone after reaching the top of its ascending channel
Now trading below support a pullback is expected before continuing its decline
to the channels lower boundary
Don't forget to like and share your thoughts in the comments
XAUUSDIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
