GOLD LONG SETUP ON 1D CHART Gold is poised for a potential upward move to allow for some corrections, influenced by the DXY chart dynamics. The 2555/2551 zone stands out as a robust support level on higher timeframes, reinforcing bullish sentiment.
XAUUSDG trade ideas
GOLD Short scalp 22/11/24Gold has run up massively due to international tentions. Currently the 4hr high at 2710 is being respected. Tentions between Russia and Ukraine peaked as Russia deployed icmb's and the only logical perspective is that Russia was never bluffing with its threats to Nato. Going forward we can assume that leaders will want to deescalate as opposed to being blasted in nuclear hellfire. This should bring in a bear influx to gold.
GOLD Will Fall! Sell!
Please, check our technical outlook for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 2,699.516.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2,653.450 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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XAUUSD GOLD OUTLOOK TERM IDEA EXPECTED GOLD will out look We Expect Price will Breakout from 2650 Now Gold Current Price Moving to long term Idea 2700 here We stay in buy side Resistance Area 2700.
you May find detils in the chart Piz Support with like and comments
falling Wedge falling wedge is a bullish pattern
in the process showing downward accumulation than a brief moment of manipulation than some distribution
Gold Targets $2,706: Bullish Momentum BuildsGold prices continue to recover, driven by a clear cup-and-handle pattern on the 4-hour chart, signaling potential upside toward $2,706 and beyond. Supported by the 21 EMA and 50 EMA, gold has maintained its bullish momentum within an ascending channel.
Currently consolidating near the handle's breakout zone, a sustained move above $2,706 could propel prices to $2,740 and potentially $2,780, aligning with the pattern’s target. However, a failure to hold $2,620 may lead to a retest of $2,580. For now, the outlook remains firmly bullish as buyers dominate the market.
Daily analysis Gold climbed for the third consecutive day on Wednesday, setting a new one-week high. The escalation of tensions between Russia and Ukraine has exacerbated geopolitical concerns, and investors seek to avoid risks. Russian President Putin lowered the threshold for the use of nuclear strikes to deal with wider conventional attacks. While the price of gold rose, the US dollar also rebounded significantly on Wednesday, which limited the rise of gold to some extent. Last week, as the dollar index hit a new one-year high, gold suffered the largest single-week decline in more than three years. Two Federal Reserve directors expressed opposite views on the direction of U.S. monetary policy on Wednesday. Bowman said that in the past few months, the inflation rate has remained high and fluctuated horizontally, so the Federal Reserve needs to act cautiously. Cook expressed confidence in the continuous easing of price pressure. According to CME
For the FedWatch tool, traders believe that the possibility of the Federal Reserve cutting interest rates by 25 basis points in December is 55%, while the probability of lowering interest rates by another 25 basis points in January is only 15%.
According to the technical chart, the RSI and stochastic index have rebounded from the serious oversold area with the rebound of prices. If calculated by the cumulative decline in the month, the rebound of 38.2% and 50% will reach $2,633 and $2,662, and the expansion to 61.8% will be $2,692. The larger resistance is expected to be 2750, and the key target in the medium term is still the 2800 barrier that failed to break through last month. The closer support is estimated at $2,618 and 2,580, and the next level is estimated at $2,535.
Gold possible sell Liquidity has been created and cleared while our entry has been activated, risk management is the king, unless my losses will hold me captive
GOLD FURTHER SELL OFF?! (UPDATE)For those of you who watched yesterday‘s video update, well done as you know we were expecting further upside towards Wave B, which is close complete now, so you could have caught some short term buy’s🫡
Also, as I said on yesterday‘s video, we’re now expecting some form of flat correction to take place within minor Wave 1 schematics of major Wave B. Let’s see how this plays!
Gold next move comming in this direction #xauusdHello trader's
how was trading going on these days in gold
Now first comment down if you catch this buying level from bottom
And Follow my page for more updates on gold and bitcoin.
XAU\USDGOLD breaking through resistance 2630.
Hope the the market gives us a good continuation setup as the market push towards 90%.
GOLD-SELL strategy 90min chartWe are quite overbought currently, and judging regression channel, we likely will return $ 2,605 area again.
Strategy SELL @ $ 2,630-2,640 and take profit near $ 2,607 for now.
A price action swing resistance level.i this example i am watching this swing resistance level to traded back to and then goes lower.
XAUUSDXAUUSD @ 2611.59 SL 2619.79 TP 2576.87 - Previous entry closed out +188 pips in profit. The entry before that one closed 10 pips. Enough to cover the spread and get some chap stick:)
A low risk for now, lol we know Gold can get spicy! This is where we are now. Stay tuned!
T.Y.L.A.
Gold technical move Gold analysis involves examining the various factors that influence the price and demand for gold in global markets. This includes evaluating economic indicators such as inflation, interest rates, and currency fluctuations, as well as geopolitical events and market sentiment. Analysts also consider supply and demand dynamics, including mining production and investment trends. Gold analysis is critical for investors and traders looking to understand price movements and make informed decisions about buying, selling, or holding gold as part of their portfolio.
XAUUSD $$$$
maybe the market will fill the gap but if market respect the specified area we can go buy with LTF CONFIRMATION
Price Dangles at $2580s Amid Potential Sentiment ShiftGold is hovering around the $2580 level, with market sentiment signaling a possible channel break. closely monitoring for a shift in momentum as the market sets the stage for the next directional move, hedging opportunities remain aligned with ongoing trends.stay tuned , active, and follow for more insight , comment ,and boost idea..... Thanks💫
Gold Thoughts for a Brighter trading day 18-NOV-2024Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis."
XAUUSD 17/11/24Following the previous weeks' analysis, we are once again adhering to the bearish narrative for this pair. Many traders have attempted to go long despite the pair showing strong bearish momentum. In my opinion, this is due to a couple of major factors. Firstly, gold is considered a safe haven, and as the market becomes more fluid, liquidity is being redirected to other assets that may carry slightly more risk. Secondly, the election of Donald Trump as president has bolstered confidence in the economy, further contributing to this liquidity shift. While gold remains a reliable safe haven, these factors have influenced its price movements.
It’s important to note that this view is based on my perspective. Over the past few months, gold prices have surged significantly, making a corrective move almost inevitable.
As mentioned in the EUR/USD market analysis, we are maintaining a bearish outlook here as well. After sweeping the daily low—indicated by the arrow on the left-hand side—the market experienced a short-term push to the upside. This move has swept liquidity, and we are now anticipating a reallocation higher within the short-term range that has been established.
Within this range, there is an unmitigated supply area similar to what was observed on the previous chart. We expect the price to run through the short-term highs located in the middle of the range before initiating a sell-off near the upper boundary. However, there is also a possibility that the sell-off could occur earlier, without pulling back into any of these areas. Should that happen, the chart will need to be updated accordingly.
Our overall targets are the liquid highs at the upper end of the range, followed by a continuation to the downside, with the price running the marked low and sustaining its bearish trend until the bias shifts.
Trade safe and stick to your plan.
XAUUSD 17.11.2567Here is my outlook on gold for the upcoming week and beyond regarding swing trading:
Due to the break of the main trend, the sentiment for a downtrend has emerged. With a wide price movement range, there is a possibility that the chart will move as illustrated.
I hope this analysis is helpful for everyone.
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SOMETHING INTERESTING ABOUT GOLD AT THE MOMENT!!!Gold is one precious metal that investors love to trade as a safe haven asset! Price recently hit the low level of $2,600 and something interesting is about to happen. In the next 18 months , price will likely remain bullish as US newly president elect tend to have a positive effect on this asset
Gold bulish to 2/700According to the ascending channel, gold can go up to $2,700 and then another correction will begin
Gold Eyes $2,745 Amid Bullish MomentumGold (XAU/USD) continues to show bullish momentum, currently trading at $2,681.58, as it recovers strongly from the recent downward channel. The price is approaching the immediate resistance at $2,706, a key level that, if broken, could pave the way for further gains towards the major resistance zone at $2,746. This orange-marked zone is critical, as a breakout above it would confirm the continuation of the uptrend.
In case of a pullback, the green support zone between $2,635-$2,647 offers a strong demand area where buyers may re-enter the market. A retracement to this level could provide a good buying opportunity before the price resumes its upward trajectory.
Traders should monitor the price action around $2,706 closely. A successful breakout targets $2,746 and potentially higher, while a rejection might lead to a pullback to the support zone. Overall, the bullish structure remains intact, and gold appears poised for further gains in the coming sessions.
