I'm not convinced that Gold is Bullish yet...Waiting on further confirmation that Gold wants to move Bullish. With Mondays closed it looks like it wants to continue to push up but I need to sit on my hands until London session to see if it really does want to flip bullish. 03:01by DWoodz2
XAUUSD OUTLOOKXAUUSD as Look To Out Look First Day On Monday we will see As GAP in market so people expected if we will see GAP Then No return so we see Gold will Fly As Currently Price 2585 if Gold Stay In 2590 Then Next Target 2600 2610 by Raja_TradersUpdated 2
Gold Update (Elliott Wave Analysis)Gold’s been in a downtrend since late October, wrapping up Elliot Wave 5. But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉 We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh Elliot cycle. Targeting the supply zone at $2762-$2790. 📈 Plan: Enter at the end of Wave 2 to ride Wave 3 and hold until Wave 5 wraps up, with a trailing stop loss to lock in those gains. 🤑 Get ready to ride the wave! 🌊💰Longby MESHANL8
Current Analysis of XAU/USD The XAU/USD market is currently in a consolidation phase within a bearish framework, primarily influenced by the Federal Reserve's restrictive monetary policy and the strengthening of the dollar. However, the current support levels indicate an interest in preserving gold's value as a long-term safe haven, suggesting that demand remains at these prices. My recommendation is to closely monitor upcoming FED decisions and any developments in geopolitical tensions, as both factors could trigger significant movements in this asset. For now, I plan to enter this trade cautiously, managing risk appropriately. Disclaimer: I am not a professional financial advisor. This analysis represents a personal interpretation of the market and does not constitute an investment recommendation.Shortby julianacunja3
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀Shortby LegionQ85
XAUUSD/GOLD SHORT 1H TIMEFRAMEFRIENDS.. as you can see GOLD has been on decline for several days after election day for united states.. The trend have reversed to downtrend after detailed research im going to share my view to all of you : Goin short 2567-2570 SL 2576- 2577 TP 1 2560 TP 2 2550 TP 3 2505 always DYOR before opening position Shortby KENAROKTRADINGFXUpdated 114
XAUUSD looking for next motive wave higherHi fellow traders, XAUUSD is ready to make a move higher from the blue box after it completed the complex correction and hit the fib level. Target the 2728.49 level. Good luck and trade safe!Longby OGwavetraderUpdated 9
GOLD-BUY strategy 12 hourly Heikin AshiGOLD is heavily oversold and requires a solid correction for the short-term only. Medium-term GOLD will see much lower levels than present. Strategy BUY GOLD @ $ 2,560-2,575 and take profit near $ 2,615 for now. Longby peterbokma1
Sell order engaged / #2,545.80 only Support ahead of #2,500.80Technical analysis: Price-action is now circling the #2,552.80 benchmark but not gaining more Bullish momentum as Buyers expected, as it seems that DX found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically on huge declines, moving the Stop-loss in Profits every #5 - #8 points) will be acceptable Risk at the moment, as Buying on such Bearish bias is not advisable. Gold is approaching again the Lower High’s trendline of the Hourly 4 chart’s Volatility (on one of the strongest Intra-day mixed values since late May), slightly above my Support zone which is an ideal Selling point (as I implemented Selling every Top strategy when DX was testing #20-Year High’s, delivering excellent Profit). As discussed, unless #2,545.80 - #2,552.80 breaks, Price-action within is Neutral, leans to Bearish side more and suitable only for Sellers. As expected Gold reacted to the DX gains strongly with every Daily candle and broke through the Lower layer of the Rectangle, but current defence line poses as the strong Support which may engage Intra-day recovery on the asset. I will continue Selling (tight Stops) as long as DX is on Selling sequence and keep in mind that major Bullish reversal is out of question as long as DX is on relief rally. My position: Gold is showcasing underlying Bearish trend and is comfortably Trading near #2,552.80 psychological barrier throughout the session (Xau-Usd Spot prices). The pullback can extend as High as the Resistance (former Support now turned to Resistance) on Daily chart which is currently Trading at #2,572.80 - #2,582.80 and if #2,582.80 gets invalidated, I do expect #2,600.80 benchmark test in extension before new Short-term Sellers appear (less likely). The real market news should soon enough be digested by market and due halt on DX, current session most likely won’t reveal any major clues unless #2,545.80 Support gives away. If #2,545.80 Support fails to hold, #2,527.80 is the next Support to be filled and expect a Lower High’s Lower zone to be met there. Therefore I have engaged re-Sell order with #2,570.80 entry point / optimal Target remains #2,545.80 Support and if Support gets invalidated, I will close my order and re-Sell Gold below (#2,500.80 benchmark Target).Shortby goldenBear8813
XAUUSD AnalyzingPrice Created a very good liquidity and our trend is bear, I will take a short position Shortby Yahya_Sayadi118
XAUUSD_1D_1W_Buyhello The analysis of the XAUUSD symbol is in the long-term time frame and the analysis is based on Elliott waves. Currently, in the medium term, gold is in a correction wave as the 4th wave, and every low is a long-term buyer of gold. Two important support ranges are 2558 and 2415 dollars. The long-term targets are 3000 and 3300 dollars. This wave 4 correction will take two to five months. We buy each bottom stepwise and according to the volume.Longby Elliottwaveofficial7
What are your thoughts on Gold? Possible Rally??Could we see a rally back to Structure break or Area of Interest??? -Price has broken through and retested Bullish Trend line -Price has broken through Structure Swing Low - LH Created Thesis: Wait for price to pull back to 1)Structure break or 2) Area of interest Notes: bearish run is rejecting Daily lvl 2558 W/ Massive rejection wick. 1) Rally to Area of Interest would be around 50% prz. (Head & Shoulders R Pattern) 2) Rally to Structure low (MSS) would be a 23.6prz. Shortby brianfj2
THE KOG REPORT - Update End of day update from us here at KOG: Yesterday we wanted price to attempt the resistance, hold and then come back down into the highlighted region, this worked extremely well for us giving a nice capture. We then suggested not shorting and following the bias target levels which was bullish above with targets 2612 and 2620. We achieved 2612 but await 2620! We have CPI tomorrow so we can expect the usual pre-event price action now, choppy and whipsawing range with support sitting at 2595 and resistance now on the flip at 2625. We're going to come back tomorrow and prepare for CPI. As always, trade safe. KOG by KnightsofGold48
Consistency in DNA #8ICC Im glad to found the most individual industry that you dont need anyone to make backs. Only you, laptop and wifi. Youre basically your own boss. I'm glad I found you my love. ❤️ ~AS MaloneEducation13:41by adameksad2
Gold will bounce back to hit top level read the caption (CPI) rose by 0.2% in October. Over the past year, it increased by 2.6%. On the other hand, the core CPI increased by 0.3% monthly and 3.3% annually. This data strengthened market expectations of the US Federal Reserve's potential third interest rate cut in December. According to CME Group’s FedWatch Tool, the likelihood of a 25-basis-point rate cut at the next FOMC meeting surged to over 80%. This is up from less than 60% just a dayLongby Mrsam36Updated 2210
GOLD UPDATE ⟶ MAXIMUM GROWTH HIT – IS A DROP COMING?Hey everyone! 👋 In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop. **My short-term growth plan:** Check out the chart on the left. In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈. This growth could continue to the following targets: - **Target 1:** 2794.722 🎯 - **Target 2:** 2801.968 🎯 - **Target 3 (final):** 2811.140 🎯 **Stop-Loss for the growth scenario:** Based on the 4-hour time frame - check the chart on the right. Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌. This drop could be significant and, in the first step, could reach the following targets: - **Target 1:** 2738.165 📉 - **Target 2:** 2688.395 📉 - **Target 3:** 2597.415 📉 Shortby Eldorado_LandUpdated 1116
2 target resistance based on 2 MArecently I got one new MA to use on my chart it's DMA 200 based on backtest its better than the MA 200 when there is a bounce usually it will come back to retest the other smaller MA which is MA 50 or MA 100 got 2 target, lets waitLongby salvanost2
XAUUSD: 1700+ Pips Sell, Gold is going to melt hard! OANDA:XAUUSD dropped after touching daily order block at $2710, price dropped to $2617 almost achieving 930+ pips. Expecting a minor correction of 300-400 pips taking price to 2650 area where we can enter another sell enter. A possible target of 1700+ pips target. Remember this is swing sell entry. Good luck. Shortby Setupsfx_2424219
LONGterm gameplan for GOLD - Can it reach 3 000 USD next year? Hello Folks, these days i see a lot of speculations at the market with crazy positive sentiment in Bitcoin, other s#!@-coins and tech stocks. So many investors are selling their Gold and gold stocks to Buy into hype. Seems like there is no uncertainty after US elections, and all problems (including inflation and wars) will be solved by Trump-Musk duo. The most important question is: Is that smart move and will the speculative sentiment last? This chart of gold should be without emotions, just pure Technical analysis what can we expect in mid - long term. At least what I expect to happen. Gold is retracing after it finalized last sub-wave of ((iii)) within wave 3. Most probable and important level is around 2418 - 2363 USD /oz. At that moment, most late Gold bulls (Retail) will be wiped-out or out of market licking their wounds. So I target exactly zone from 2526 USD to 2363 USD as my BUY zone. I plan to buy back into best miners / developers in Gold + Silver sector. Also turn in gold sentiment during December - January could be supported with Foreign central banks buying physical gold again. After retail see this sentiment change, they will come back and support wave ((v)) of 3 to 2 900 - 3 000 USD/Oz. This will be strong psychological level to break. I doubt we can break it for first time = corrective wave 4. #Gold #Silver #miners #Goldminers #Silverminers #Silverminer #Goldminer #US #Debt #inflation Longby LongevityContrarian2
GOLD - Price can reach resistance area and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price moved up inside rising channel, where it broke $2725 level and later made a gap. After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel. Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern. Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points. Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level. In my mind, Gold can reach resistance area and then continue to decline to $2600 If this post is useful to you, you can support me with like/boost and advice in comments❤️Shortby WalterMoonUpdated 6660
XAUUSD soon below 2500$We were looking for this dump from 2800$: and now it is falling and it is just beginning and more fall is also expected like red arrows. DISCLAIMER: ((trade based on your own decision)) < Shortby MMBTtrader4414
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT: This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well. On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction. Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios. So, when we look at extreme levels on the chart we can see the following: We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart. The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it. The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets. Good luck for the week ahead! KOG’s bias for the week: Bearish below 2744 with targets below 2720, 2714 and below that 2702 Bullish on break of 2744 with targets above 2792 and above that 2803 Red boxes: Break above 2744 for 2753, 2765, 2780 Break below 2730 for 2715, 2705, 2695 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG by KnightsofGoldUpdated 66129