XAUUSDi'm envisioning such a path for gold in 5min time frame. if it breaches the small box and touches the box at the bottom (so called demand zone), and then return back sharply to the top box, I will enter a long for a TP-1
XAUUSDG trade ideas
Gold will fall again after a small upward movementInstrument:
Time Frame: H4 Chart
Observations:
1. A Strong choch was identified after several BOSes
2. That Choch changed the direction of trend from up side to down.
3. Fair Value Gape was also Observed at the place where ChOch formed
4. Gold is going up to fill the fair value gape and it will get instant reversal from P.O.I
Trading Strategy:
In this trade Our Risk Reward Ratio will be (1:5)
Right Now We put Buy Entries Upto 2735
Strong Selling Zone will be 2735_2740
little above the P.O.I will be our S.L= 2755
the Previous L.L will be our Take Profit= 2642
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
XAUUSD Trading Idea 07/11/2024Overall Trend: The chart shows an extended uptrend from the left side, followed by a significant downtrend. There are potential signs of trend exhaustion near the recent lows, but no clear reversal yet.
Sentiment: 0 (Neutral)
Patterns: Head and Shoulders Top (bearish reversal pattern), Descending Channel (bearish continuation pattern)
Strategy: A bearish strategy seems appropriate given the recent downtrend and bearish patterns. Potential short entries could be considered on a break below the recent swing lows or on any failed rally attempts into resistance levels. Alternatively, a bullish countertrend strategy might be viable if the market shows clear signs of a trend reversal and breaks above the descending channel resistance.
Sentiment Analysis: The recent sharp sell-off and bearish chart patterns suggest a shift in sentiment towards a more bearish stance, although the market remains indecisive near the current levels.
Market Structure: The Head and Shoulders Top pattern identified a major swing high, followed by a series of lower swing highs and lows, indicating a strong bearish impulsive move. The recent sell-off encountered support near the 2663 level, forming a potential swing low. A break below this level could expose further downside targets.
Order Flow: The sharp sell-off suggests significant selling pressure overwhelming buyers. However, the recent price action around 2663 shows some buying interest emerging, potentially indicating a struggle for control between buyers and sellers.
Potential Entries:
Short: 2640, 2620 (break of support)
Long: 2695, 2720 (break of resistance)
Stop Loss: Short - Above 2720, Long - Below 2640
Take Profit: Short - 2600, 2580, Long - 2740, 2780
Signal Strength: 65 (Moderately Strong)
Next Analysis: Monitoring order flow and volume at key support/resistance levels to gauge potential trend continuation or reversal. Additionally, analyzing higher timeframe charts for broader market context and alignment.
XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700The XAUUSD (gold) market has a strong initial demand zone at 2722-17, where a pullback is expected before facing resistance at 2747-53, which is forecast as a significant supply level. Our major aim is 2700, which corresponds to a robust daily demand zone.
Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia, have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
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Gold’s Next Big Move: Election Night’s Hidden Chart Signals!Chart Analysis Summary
In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend.
Reversal Signal: Double Top with Bearish Flag
The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move.
Bull Flag Structure and Liquidity Zone Testing
The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction.
Potential Entry and Exit Scenarios
Based on Entry Types from your strategy:
High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top.
Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout.
Confluence of Multi-Touch and Patterns
The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately.
Strategy Application:
Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel.
Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs.
Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations.
GOLD BUY & SELL SETUP !!“The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
Gold Consolidates Ahead of U.S. Election🟡 Gold Price Update: Currently at $2737.00
Gold has been moving sideways recently, showing a period of consolidation as market participants await further catalysts. This sideways movement reflects uncertainty and cautious positioning, likely influenced by the upcoming U.S. election. Historically, major events like elections can introduce volatility as investors seek safe-haven assets in times of uncertainty, and gold often responds with significant moves.
📊 Technical Outlook
Support Zone: $2725.00 - $2730.00
Resistance Zone: $2745.00 - $2755.00
Range: The current range-bound movement between $2725 and $2755 indicates that buyers and sellers are in balance for now, awaiting clearer market direction.
Key Indicators:
Relative Strength Index (RSI): Currently near the 50 level, showing neutral momentum. A breakout above 60 could signal buying strength, while a drop below 40 may suggest a bearish momentum.
Moving Averages: The 20-period SMA is close to the price action, underlining the ongoing consolidation. Watch for price action to decisively break above or below the SMA, potentially signaling a new trend.
Volume: Volume has been decreasing, suggesting a lack of strong conviction from either buyers or sellers. Look for a volume increase on any breakout to confirm the direction.
🔮 Possible Scenarios with U.S. Election Implications
With the election on the horizon, any surprising result or political uncertainty could cause a significant uptick in gold demand as investors seek safety. However, a clear result may bring stability, potentially putting downward pressure on gold.
Trade Setup Idea:
Bullish: Consider buying on a confirmed breakout above $2755, targeting $2780 or higher.
Bearish: A break below $2725 could open doors for a drop to $2700.
As always, keep your risk management tight and watch for news developments. The market will react sharply as new information comes in!
World gold prices fall when the USD index is anchored highInvestors are expressing caution ahead of the US Presidential election and the upcoming decision of the US Federal Reserve (FED) on interest rates.
Today (November 5), the US presidential election will take place. Public opinion polls show that Democratic candidate Kamala Harris and Republican candidate Donald Trump are closely tied in the race for the White House.
UBS analyst Giovanni Staunovo shared: "The driving force for gold this week will be the US presidential election. If Donald Trump wins, the gold price will move faster closer to the target of 2,900 USD/ ounces, gold will likely fall if Ms. Kamala Harris wins.
Meanwhile, the Fed's interest rate decision is unlikely to create much change, because the bank will likely signal further cuts in line with market expectations."
🔥 XAUUSD BUY LIMIT 2727 - 2725🔥
✅TP1: 2755
✅TP2: 2765
✅TP3: OPEN
🚫SL: 2724
🔥 XAUUSD SELL LIMIT 2753 - 2751🔥
✅TP1: 2745
✅TP2: 2735
✅TP3: OPEN
🚫SL: 2760
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts.
If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game."
The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate.
Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
GOLD 05/11 OTE
Order Block (OB) Zone: The chart indicates a strong resistance level in the red-shaded area labeled "-OB" around 2,750. This zone signifies a potential reversal or strong selling point if the price reaches there, aligning with an Overbought Trigger Event (OTE).
OTE Zone: This Optimal Trade Entry (OTE) zone is marked in blue below the OB zone. It’s a significant level, usually associated with retracement and an ideal entry for short positions if price action confirms resistance.
Support Levels: The green lines around 2,727 and lower levels indicate multiple support areas. They suggest potential bounce points if the price declines, aligning with the Fibonacci
XAUUSD: Continue to Monitor Resistance at 2750-2758Gold has once again tested support without breaking it, indicating short-term upward momentum. During the Asian and European sessions tomorrow, consider focusing on low buys, with resistance continuing to be monitored around the 2750-2758 area.
The upcoming election news during the US session is likely to have a significant impact on the market, so while seizing opportunities, be mindful of potential risks.
Xauusd Making Move Towards BuyOANDA:XAUUSD Gold price is on the defensive below $2,750 in European trading on Monday, erasing the early gains. The downside, however, appears elusive amid the US presidential election risks and the ongoing Middle East geopolitical tensions.
7 Reasons i told you GOLD will GrowUPDATE!
UPDATE!
You might have a PhD or Highly Educated & thousands of Publications, But can you read the future??
Hello Traders,
I Thought I will Leave this here for you!
Please Like, Comment and share is you thought it was useful to you!
7 Reasons Gold will continue to Grow
Correlation to Inflation
Certainly, during times of economic crisis, investors flock to gold. When the Great Recession hit, for example, gold prices rose. But gold was already rising until the beginning of 2008, That said, gold prices rose further, even as the economy recovered. Essentially that means, as more people buy gold, the price goes up, in line with demand. It also means there aren't any underlying "fundamentals" to the price of gold. If investors start flocking to gold, the price rises no matter what shape the economy is or what monetary policy might be. That doesn't mean that gold prices are completely random or the result of herd behavior. Some forces affect the supply of gold in the wider market, and gold is a worldwide commodity market, like oil or coffee.
Supply Factors
Unlike oil or coffee, however, gold isn't consumed. Almost all the gold ever mined is still around and more gold is being mined each day. If so, one would expect the price of gold to plummet over time, since there is more and more of it around. So, why doesn't it? Aside from the fact that the number of people who might want to buy it is constantly on the rise, jewelry and investment demand offer some clues. "It ends up in a drawer someplace." The gold in jewelry is effectively taken off the market for years at a time. Even though countries like India and China treat gold as a store of value, the people who buy it there don't regularly trade it (few pay for a washing machine by handing over a gold bracelet). Instead, jewelry demand tends to rise and fall with the price of gold. When prices are high, the demand for jewelry falls relative to investor demand.
Central Banks
Big market movers of gold prices are often central banks. In times when foreign exchange reserves are large, and the economy is humming along, a central bank will want to reduce the amount of gold it holds. That's because the gold is a dead asset—unlike bonds or even money in a deposit account, it generates no return. The problem for central banks is that this is precisely when the other investors out there aren't that interested in gold. Thus, a central bank is always on the wrong side of the trade, even though selling that gold is precisely what the bank is supposed to do. As a result, the price of gold falls. Central banks have tried to manage their gold sales in a cartel-like fashion, to avoid disrupting the market too much. Something called the Washington Agreement essentially states that the banks won't sell more than 400 metric tons in a year. It's not binding, as it's not a treaty; rather, it's more of a gentleman's agreement—but one that is in the interests of central banks, since unloading too much gold on the market at once would negatively affect their portfolios.
ETFs
Besides central banks, exchange-traded funds (ETFs)— which allow investors to buy into gold without buying mining stocks—are now major gold buyers and sellers. Both ETFs trade on the exchanges like stock and measure their holdings in ounces of gold. Still, these ETFs are designed to reflect the price of gold, not move it.
Portfolio Considerations
Speaking of portfolios, A good question for investors is what the rationale for buying gold is. As a hedge against inflation, it doesn't work well. However, seen as one piece of a larger portfolio, gold is a reasonable diversifier. It's simply important to recognize what it can and cannot do. In real terms, gold prices topped out in 1980, when the price of the metal hit nearly $2,000 per ounce (in 2014 dollars). Anyone who bought gold then has been losing money since. On the other hand, the investors who bought it in 1983 or 2005 would be happy selling now. It's also worth noting that the 'rules' of portfolio management apply to gold as well. The total number of gold ounces one holds should fluctuate with the price. If, for example, one wants 2% of the portfolio in gold, then it's necessary to sell when the price goes up and buy when it falls.
Retaining Value
One good thing about gold, is that the purchasing power of gold has stayed quite constant and largely unrelated to its current price.
The Bottom Line
If you're looking at gold prices, it's probably a good idea to look at how well the economies of certain countries are doing. As economic conditions worsen, the price will (usually) rise. Gold is a commodity that isn't tied to anything else; in small doses, it makes a good diversifying element for a portfolio.
Link to Previous Chart
I hope this was clear and informative for all of you, I wish you a good 2024 to 2025.
Global Fx education
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.
More downside for goldHi traders,
Last week XAUUSD continued the bigger correction down into the Daily FVG. From there it went up again. I think wave 4 hasn't finished yet.
So next week we could see more downside for this pair.
Let's see what price does and react.
Trade idea: Wait for a (small) correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Gold 1 hour chart key levels with both buy and sell entriesGold 1 hour chart key levels with both buy and sell entries
For a buy look to enter at
2691 expecting
2696 to 2704
2710 which will be high resistance but if broke then
2720
2732
2740
2750
2765
2785
2800
2804
2820
On the downside ill look for a sell at
2678 expecting
2674
2664 to 2662 which will be resistance
2650
2640 high resistance
2628
2618 high resistance
2602
2580
2550
2540
As always trade safe use proper risk management
Check put my other trade ideas including a Gold swing and GBPUSD sell opportunity
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!
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
Gold may recover from the supportGold plummeted after the US elections, removing the geopolitical premium from the price. However, uncertainty hasn't gone away, and it might continue moving in the direction of the trend.
Yesterday's planned decline of the interest rate and the supporting speech of Jerome Powell points to a neutral sentiment of the FED toward the monetary policy as the economic outlook stabilizes. Political uncertainty is still at the center of the agenda, but markets are quiet after the first optimistic spike of stocks and cryptos.
It's possible to observe another ATH for Gold soon.
Don't forget - always do your own research and never forget to manage your risk!
