XAUUSD (Gold), falling to 2545 secondlyHi everybody. Gold want try fall to support lavel 2545. On 4H we have good bears accumulation process BUT there is strong re-sell on 2572 and higher. Levels thanks to X-Lines script. Have a nice trading week ;)
XAUUSDG trade ideas
"Gold Takes a Dive: Market Signals Sustained Downward Momentum"Gold (XAUUSD) remains under pressure as it tests the resistance of a critical descending channel, with bearish sentiment prevailing due to significant global economic fundamentals. Key macroeconomic and geopolitical factors continue to shape market sentiment, reinforcing the challenges faced by bulls in establishing any meaningful upside momentum.
### **Geopolitical and Economic Backdrop**
Market fears surrounding the Russia-Ukraine conflict appear to be slightly easing, with the potential for reduced geopolitical tensions. However, the spotlight remains firmly on the U.S. Federal Reserve, as traders anticipate key guidance from upcoming speeches and the pivotal December policy meeting. The Fed’s decisions regarding interest rates will likely serve as a crucial catalyst for future gold price movements, with traders eager to understand the central bank’s longer-term approach in balancing inflation and economic stability.
### **Technical Outlook: Gold Confirms Downtrend**
From a technical perspective, gold continues to respect the boundaries of a well-defined downward-sloping channel, reinforcing a bearish bias. The current price action suggests that sellers remain firmly in control, with repeated failures to break key resistance levels highlighting the challenges for any sustained bullish recovery.
A critical level to watch is **2627**, where a false breakout appears to be forming. Should prices consolidate below this resistance, it could signal a fresh wave of selling pressure, potentially targeting lower support zones. The nearby resistance levels of **2627** and **2643** remain significant hurdles for the bulls, while the key support zones at **2694** and **2560** offer potential downside targets if the downtrend persists.
### **Scenarios to Consider**
1. **Bearish Priority**:
- The primary expectation remains further downside movement, especially from the **2627** resistance level or the upper boundary of the descending channel.
- A failure to reclaim the **2627** level and subsequent consolidation beneath this zone would strengthen the bearish outlook, paving the way for a test of deeper support levels.
2. **Bullish Breakout Possibility**:
- While the bearish trend dominates, an alternative scenario could emerge if gold manages to break above the **2643** resistance level.
- A sustained breakout and consolidation above **2643** may open the door for renewed buying interest, providing an opportunity for the bulls to challenge higher levels within the broader trend structure.
### **Trading Implications**
For traders, the descending channel provides a reliable framework for decision-making. Any rejection at the key resistance zones or failure to break above **2627** should be treated as an opportunity to align with the prevailing downtrend. Conversely, a decisive breakout above **2643**, supported by strong volume, would warrant caution for short positions and could signal the early stages of a trend reversal.
In conclusion, while short-term volatility may present opportunities for both buyers and sellers, the overall trend remains firmly bearish. Monitoring critical resistance and support levels, as well as staying attuned to fundamental developments, will be essential in navigating the complex dynamics of the gold market.
XAUUSD / SELL OPTIONThe fundamental background is changing and it is reflected in the gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance zone /2670 - 2685/ retest.
LONG GOLD NOW, LET ME BREAK IT DOWN !Gold price stays firm for the second consecutive day so far, drawing support from the recent retracement in the US Treasury bond yields across the curve, fuelling the corrective downside in the US Dollar (USD) against its major currency rivals.
The US bond yields have embarked upon a correction mode as investors remain wary of the impact of the potential fiscal and trade policies to be introduced by US President-elect Donald Trump on the economic and inflation outlook.
Additionally, Gold price capitalizes on the renewed geopolitical escalation between Russia and Ukraine after US President Joe Biden authorized Ukraine to use American Army Tactical Missile Systems (ATACMS) to strike inside Russia on Sunday. The decision to allow the use of long-range US weapons inside Russia came after Moscow deployed North Korean ground troops to supplement its own forces.
Moreover, expectations of more stimulus measures coming in from China also bode well for the bright metal. China is the world’s top Gold consumer. Securities Journal, Chinese state media, quoted analysts saying further cuts to the Reserve Requirement Ratio (RRR) coming this year.
Note that China is the world’s top Gold consumer, and any support measures by the local authorities to boost economic performance seem positive for the precious metal. However, it remains to be seen if Gold price manages to hold on to its recovery momentum as traders turn cautious, awaiting more cues on the Fed’s interest rate outlook from the central bank talks due Tuesday and later this week.
GOLD topped EXACTLY where expected and is pulling back biglyGolden topped EXACTLY where expected and pulling back bigly.
Retrace should bounce a little bit at some of the next supports.
Bulls need some speed brakes for drop that could go very DEEP.
$2568.54 is first chance for a bounce, maybe even a big one
$2549-2552 is a minor support that needs to slow the drop.
$2525-2518 is Semi-Major support that could be bottom.
$2344-2455 is the DO-NOT-TOUCH support
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Previous Analysis that nailed the top:
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GOLD -bias long Bullish inications:
Fib level 0.786 respected.
Trend line support respected.
Major support respected.
Bullish engulfer candle from support in 4 hr time frame.
Trend line resistance broken.
Inverted head and shoulder pattern formed from the trend line support.
Moving average respected in 30 min time frame indicates bullish movement ,
Bearish indications:
LLLH
MA is is above the price.
Trade plan bias long @ 2572
SL:2559
TP1:2585
TP2:2595
Gold Analysis StrategyYesterday, gold did not fluctuate much. It has been fluctuating around 2670, and the resistance of 2680 has not been tried.
Until today, Putin confirmed that Russia launched a new medium-range ballistic missile in response to Ukraine's previous attack on Russia with weapons from its allies. Although this missile carries conventional non-nuclear warheads, the strike range covers the entire Europe. This signal is obviously aimed at Europe. It is precisely because of this potential threat that the risk aversion sentiment has been further raised, causing gold and the US dollar to rise together.
From the 4H chart, we can see that gold is likely to form a head and shoulders bottom. Now it depends on whether the resistance in the 2700-2710 area will be broken. If it cannot be broken, the callback may reach 50-60$, so it needs to be handled with caution.
If it cannot be broken, I will consider shorting in this resistance area
XAU/USD 20.11.2024OANDA:XAUUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up.
If you have any questions, feel free to ask! ;)
XAUUSD DAILY INTRADAY TRADING IDEA The Disciplined Trader
How to Enter the Chart for Intraday Trading:
1. Identify Candle Closure:
○ Look for a candle to cross your predetermined zone and close beyond it.
2. Validate the Break:
○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid.
○ Refer to point 4 for additional confirmation.
3. Use Higher Time Frames:
○ Use the H4 chart for more accurate results and to identify stronger levels.
4. Wait for Retest:
○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts.
5. Intraday Focus:
○ Remember, this strategy is specifically designed for intraday trading.
6. Consider Volume Spikes:
○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest.
7. Set Stop Loss:
○ Use a stop loss of 30-40 pips to manage risk effectively.
-THE TRADER'S HUB FAMILY-
XAU/USD BUY 80+PIPS SECUREDHi Traders Yesterday we send XAU/USD we managed to secure 80+pips before it hit previous Resistance. this is a swing trade we will add positions when we see another entry Confirmation.
Previous structure HIGHER LOW & LOWER HIGH DAILY TIME FRAME
H1 BREAK OF PREVIOUS RESISTANCE WE TOOK OUR ENTRY.
Xauusd Daily INTRADAY TRADING IDEA The Disciplined Trader
How to Enter the Chart for Intraday Trading:
1. Identify Candle Closure:
○ Look for a candle to cross your predetermined zone and close beyond it.
2. Validate the Break:
○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid.
○ Refer to point 4 for additional confirmation.
3. Use Higher Time Frames:
○ Use the H4 chart for more accurate results and to identify stronger levels.
4. Wait for Retest:
○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts.
5. Intraday Focus:
○ Remember, this strategy is specifically designed for intraday trading.
6. Consider Volume Spikes:
○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest.
7. Set Stop Loss:
○ Use a stop loss of 30-40 pips to manage risk effectively.
-THE TRADER'S HUB FAMILY-
Gold : The fundamental context and goals have both changedOANDA:XAUUSD a local downtrend channel breakout damages sellers. The fundamental background is changing despite continued USD buying and a generally risk-off environment, which is overall positive for gold as a safe-haven asset in times of crisis.
The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities.
Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine.
Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening.
Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue.
Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
XAUUSD TF D 161124wait till price come into the zone and break out with big green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
XAUUSD SellFor sell, if 4hr candle breaks and close below 2559, sell to 2515.
For buy, if 4hr candle breaks and close above 2566 buy to 2586.5 and 2605 and then look for sell to 2515.
Gold Technical Analysis, BUY!!Gold Technical Analysis, BUY!!
©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange.
The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed.
After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691-2.735. And I will update continuously to follow all its developments.
The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending.
ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
GOLD | False breakout of the trendline? It's pretty much risky position, but I think with 60% certainty that what's going on right now with gold price is purely fasle and fake breakout of the trendline.
Although I have an opinion that DXY currently on a Bullish flag and will soon skyrocket again, but it's in a 4 hour time frame so it'll not happen soon.
While gold is transferred to bullish trendline, I think it'll go this way for at least next day. Will it fall hard later? Maybe? I don't know. It's not the main question.
My main point is that I opened my 7th position.
Opening: 2636
TP: 2645
SL: 2585
Not only my own analysis, but also other tools and AI telling me about this position.
By the way, I can actually be super wrong. But that's the game, isn't it?
So let's see what's gonna happen.
22 Now First buy, then sellI believe we will see more upwards momentum to near 2705, and then a a sell to at least 2675 and possibly lower.
I am highlighting all the possibilities I am seeing.
GOLD | Trendline is real?To be honest, let me just post a position without typing analysis too much.
I have complete insight but I just want to post it really quickly.
I'm opening my 6th position.
TP at 2635, SL at 2580.
All according to trendline.
Don't use all your bank.
Gold, Short term forecastGold, ecxpecting a rising wave represnts wave or wave targerting levels at 2630, 2660, and 2690
XAUUSD weekly swing trade target 790 pipsBack again with another swing trade this week, utilizing trend lines and Fibonacci levels. I anticipate that upon opening, Gold will rise approximately 120 pips before reaching and adhering to both the daily trend and the Fibonacci 0.618 level, followed by a retracement.
Setup:
At the Asian market open, aim for a buy up to 2578/9 for an estimated 150 pips before reaching our target level of 2580 and then selling off.
As always best way to enter these trades is wait for break and retest before entering.
Chart is on the 1 hour time frame.
The last two weeks have seen all the swing trades perform successfully, so I'm expecting this one to follow suit.
As always trade safe don't overleverage and as always use a reasonable stop loss
Line O Strat d'sinXAUThe reforms of Julius Caesar in 45 BC put the Roman world on a solar calendar. This Julian calendar was faulty in that its intercalation still allowed the astronomical solstices and equinoxes to advance against it by about 11 minutes per year. Pope Gregory XIII introduced a correction in 1582; the Gregorian calendar was only slowly adopted by different nations over a period of centuries, but it is now by far the most commonly used calendar around the world.
GOLD: Bulls regain momentum to charge ahead ?Hello Traders and Investors
Gold has been largely bullish for the past weeks making new all time price highs unapologetically. From the start of November we started to see a significant retracement that was justified by a long over due brake on the pedals.
In what seems to be a reversal Gold buyers have started to regain momentum as price broke out of the 4H downward trendline together with the 4H demand zone where selling pressure failed to hold. After which we saw a bounce on the 4H demand zone which is a strong indication of bullish momentum.
Trade idea
There is a high probability price will continue to rise, take profit targets for short to medium term buyers can be set for 2710.971
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Thank you
XAUUSD BUY PROJECTIONHey guys sorry for the loss earlier so after reanalyzing my charts again cuz of the loss earlier i literally found out I was trading against the trend silly me I had to use a fib and make my charts smaller to see the bigger view and as we can see price retested the 0.61 zone with a rejection of 50 EMA and strong bullish candle stick so that’s the confirmation let’s see how it goes….
