Gold is going outside from Pyramid and Key levels for BounceBackThese are gold key levels of dropping and bounce back are mentioned by green lines. Gold is going outside from this pyramid in 15 minutes chart.
Note: This is not a buy/sell call.
XAUUSDG trade ideas
Gold sideway below 2700 - in DOWN trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%.
⭐️Personal comments NOVA:
sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2700 - $2702 SL $2705
TP1: $2694
TP2: $2688
TP3: $2680
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD - market structure this is a very simple setup for long XAUUSD, if price go up and activate trade then this is good. but if price hit first time SL before activate trade... no longer valid
Gold's Slide: A Deep Dive into Today’s Sharp DeclineGold prices took a steep hit today, plunging below the critical $2,700/ounce mark and trading around $2,655, shedding over 800 pips from yesterday’s levels.
This sharp decline is largely driven by the strength of the U.S. dollar and the Federal Reserve's high interest rates, which have dampened gold's appeal for investors. The rising rates increase the opportunity cost of holding gold, nudging capital flows toward higher-yield assets.
Forecast Should the downward trend persist, gold may test lower support levels near $2,607, following a Fibonacci retracement. Investors are advised to consider short positions while closely monitoring market fluctuations in the near term.
Expectations of a Fed rate cut boosted the reboundMarket Analysis: Today, gold prices have fallen below the 2700 mark following a surge in the U.S. dollar after Donald Trump’s surprising political comeback as President. The primary driver behind this pullback is the market’s expectation that Trump, known for his pro-capitalist stance, will prioritize U.S. economic growth. This outlook has strengthened the dollar, resulting in downward pressure on gold.
Currently, it appears the market has largely priced in the bearish impact of Trump’s election, limiting gold's potential for further decline. Additionally, the Federal Reserve’s two-day policy meeting, concluding on Thursday, is expected to result in a 25-basis-point rate cut, which would likely provide upward momentum for gold.
Trading Strategy: Given the current low levels, going long on gold presents a strategic opportunity. With the anticipated Fed rate cut, we can expect a positive impact on gold prices, fueling a rebound.
Recommendation: Based on this analysis, the general trading direction should be clear. For specific entry points and comprehensive weekly strategies, please reach out. All VIP members will receive exclusive access to this week’s detailed trading plan.
XAUUSD is waiting for the FOMCWhere should XAUUSD goes?
XAUUSD is currently in fibonacci 1.618 area and have the ABC movement.
After Donald Trump wins the election, DXY becomes quite strong which push the gold move downward after reaching all time high before
I am seeing XAUUSD will move up because we expect Fed will cut the rate
Waiting for confirmation in M15 to create new high and put the stop loss in 2630-2640 area and XAUUSD shuold not break the downward trendline.
Good luck!
mixedmy thought really shows that $ might gain some strengh temporarily. monitoring every xauusd movement is key for the future of the world
XAUUSDXAUUSD ( Gold / U.S Dollar )
Bullish Channel as an Corrective Pattern in Short Time Frame and completed the Breakout of Lower Trend Line. Break of Structure and Strong Divergence. Completed " 12345 " Impulsive Waves and " A " Corrective Wave at Fibonacci Level - 50.00% and Extreme POI
gold sellbest time to sell gold now for along term profit
gold rally at the entry zone and we waited alot to sell
DAILY ANALYSIS - XAUUSD (WED, 6th NOVEMBER 2024)Bias: Bullish
USD News:
-Presidential Election
Analysis:
-Previous daily candle closed as strong bullish
-Retracement started from 0.236 fib level
-Looking for BUY if there's confirmation on lower timeframe
-Pivot point: 2720
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
XAUUSDThe GOLD is currently in a downtrend and could continue its slide towards the 2710 level.
The US elections could help on a fundamental level.
GOLD Market Analysis: Trade Setup & Risk Management🌟 GOLD Analysis & Risk Management 🌟
📈 Market Insight : Gold has reached last week's support line, and we anticipate a bounce back into the gold zone area and supply zone on the 30-minute timeframe . This setup presents an opportunity for potential upside movement. ⚡
📝 Risk Management for GOLD Setup :
🔹 Position Size : Keep your position size aligned with your risk tolerance (e.g., 1-2% of your total capital). This helps manage potential losses effectively. 📊
🔹 Stop Loss (SL) : Commit to your SL at 2727 as your protective barrier to limit significant losses. 🛑
🔹 Take Profit (TP) Strategy : Secure gains by taking profit at these strategic levels:
- TP1 : 2742 🥇
- TP2 : 2746 🥈
- TP3 : 2750 🥉
- TP4 : 2753 🚀
🔹 Risk-Reward Ratio (RR) : Ensure the trade maintains an RR of at least 1:1.5 . This balances potential gains against risk effectively. 💰⚖️
🔹 Plan & Discipline : Stay true to your trading plan and avoid emotional reactions. Trust your analysis and strategy for a consistent approach. 🧘♂️
🔹 Capital Preservation : Your first priority is protecting your capital; profit should come second. A sustainable strategy ensures long-term success in trading. 🛡️
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Trade with confidence and stick to your risk management plan! 🤝✨
GOld Fly again“Have you ever noticed that anybody driving slower than you is an idiot, and anyone going faster than you is a maniac?” — George Carlin
Its TRUE :D
GOLD - XAUUSD - INTRADAY IDEAThis XAUUSD - GOLD chart is according to M15.
Execute the long once the candle closes above the marked zone we could have longed right away if we were in a running market but the market is closed.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance.
The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
XAU/USD (Gold/USD) chart on a 144-minute timeframe1. Wave Analysis and Elliott Wave Structure
The chart follows an Elliott Wave structure, identifying five distinct waves of a downtrend (Wave 1 to Wave 5) followed by a corrective pattern.
Notable Wave Points:
Wave 5 is projected to potentially end near the 1.618 Fibonacci extension level around 2,843.46, which often marks a strong potential reversal point.
Corrective Waves (i-iv): Following the primary downtrend, the upward movement seems to be structured in corrective waves (i, ii, iii, iv), suggesting a possible ABC or zigzag correction in progress.
2. Fibonacci Levels
1.618 Extension at 2,843.46: This level acts as a key Fibonacci extension for a potential diagonal Wave 5 completion, which could serve as a resistance level for price to react or reverse.
1.236 Extension at 2,803.48: This level has been marked with a "Volume Divergence by Wave 5" note, indicating that this might be a significant area of confluence where volume divergence could lead to a price reaction or reversal.
3. Wyckoff Phases and Price Levels
Automatic Reaction (AR) and Secondary Test (ST): The chart labels an AR and ST in a possible Wyckoff Phase B, which usually indicates accumulation. This phase is characterized by testing support and resistance levels as the market builds a base.
Sign of Weakness (SOW) in Phase B: This is marked below, indicating a loss of momentum in the downward trend and possibly setting the stage for a reversal.
Upthrust (UT) in Phase B: An upthrust is noted, which could act as a false breakout above resistance levels, signaling potential distribution if price fails to hold above it.
4. Volume and Divergence
Volume Divergence: Marked by Wave 5, this signals that while price may still be moving down, volume may not be supporting it as strongly, suggesting waning bearish momentum and potential for a reversal or a consolidation phase.
5. Key Support and Resistance Levels
Resistance Levels:
Around 2,790: This level is marked prominently as a psychological level where price might struggle to break above.
Recent Swing High (2,800 - 2,810): Located near the top boundary of the corrective range and could act as resistance for upward price movement.
Support Levels:
2,674.19 (0.272 Fibonacci retracement): This level acts as a potential support in the context of the current downtrend.
SOW in Phase B (Zone around 2,670 - 2,675): This area might act as strong support, especially if the SOW represents the lower boundary of an accumulation phase.
6. Dealing Range and Structural Patterns
The chart outlines a Dealing Range between recent swing highs and lows, suggesting a consolidation phase where price could oscillate before choosing a direction.
Potential Diagonal Structure: The ongoing correction appears to be forming a potential diagonal or channel. The price is expected to follow a controlled upward move but may encounter resistance near the top boundaries of the channel.
7. Price Objectives and Probable Movements
Upward Objective: Price might attempt to move towards 2,800 or higher, reaching a Phase B UT area as the corrective structure unfolds.
Downward Objective: If price fails to break above the noted resistance levels and Phase B patterns, it may revisit the support zone around 2,675 - 2,680 or lower.
8. Strategic Points and Trading Considerations
W Close (Wave Close): This label near the middle of the range could indicate the end of a wave and a potential consolidation or reversal area.
Stop Loss Considerations: Noted as "Good Stop Loss Till STD Hit," suggesting an area where a standard stop loss could be placed, possibly below the recent lows or swing points for managing risk.
No Money Protected Swing: A cautionary note near the support area suggests an awareness of risk in this region.
Summary of Key Takeaways
Price is currently in a corrective phase, possibly forming a complex wave structure after completing a primary downtrend.
Key resistance levels around 2,790 - 2,800 and support levels near 2,670 - 2,675 are crucial to watch.
The Wyckoff structure and volume divergence suggest a potential base-building phase, though a clear breakout of the range is needed to confirm the direction.
GOLD forming strong downtrend, dropping towards the 2700-2665.XAUUSD Price Forecast 🔻
Gold has broken down from its uptrend with a strong bearish candle. Currently retracing to the broken trendline resistance, it’s primed for a potential drop toward target levels.
Trade Setup:
-Entry: 2740
-Stop Loss: 2750
-Target Levels: 2720, 2702, 2684, 2664
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GOLD SELLing AgaiNThis GOLd's new record is probably SL hunting.
Going to Sell again
No over trade
Once trade hit 100 pips move SL to Entry
Gold Drops as USD and Bond Yields SoarGold (XAU/USD) is struggling to capitalize on its recent recovery. Strong demand for the U.S. dollar (USD), supported by polls showing Republican candidate Donald Trump leading in key battleground states, is putting pressure on the precious metal. Additionally, the sharp rise in U.S. Treasury yields and the increasing risk appetite are further limiting the appeal of gold, a non-yielding asset.
Looking at the 4-hour technical chart, gold is fluctuating between 2.735 and 2.739, continuing its downward trend. The 2.725-2.720 zone is expected to remain a strong support level, and if gold breaks below this range, it could quickly slide toward the 2,700 level. On the other hand, the 2.748-2.750 zone is currently the nearest resistance, preventing gold from moving higher and causing it to fall below this level.
This is my prediction. What do you all think about gold's price today?
Gold price analysis November 5Fundamental Analysis
Gold prices reversed intraday losses to hit a more than one-week low and traded around $2,738, largely unchanged on the day ahead of the European session on Tuesday. Safe-haven demand stemming from a bitterly contested US presidential election and the risk of escalating geopolitical tensions in the Middle East provided some support for the precious metal.
Furthermore, the unraveling of the “Trump deal”, coupled with bets that the Federal Reserve will cut interest rates further amid signs of a cooling US labour market, continued to drag US Treasury yields lower. This, in turn, fueled fresh US dollar selling and became another factor in favour of non-yielding gold amid cautious sentiment across global equity markets.
However, the upside momentum in Gold remains limited as traders seem reluctant to place positive bets ahead of the key event risks this week – the US presidential election and the Federal Open Market Committee (FOMC) meeting. Meanwhile, the release of the US ISM Services PMI Index on Tuesday will be looked at for short-term trading opportunities later in the North American session.
Technical Analysis
Gold is trading sideways in a narrow range between 2747 and 2725. Today the market is focused on this range as it breaks out of the notable port zone of 2758-2760 and 2712-2710 to generate reasonable BUY and SELL signals. Today’s strategy is quite basic in a day when gold is trading dull and trendless.
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.
20241102 - Gold ReversalIt looks like the gold has changed its direction. It is forming and ABCD pattern.
XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame
Order Block
Change of Characteristics
Demand Zone
Completed " 12345 " Impulsive Waves
