Gold is not in good condition highest volume were traded yesterday.. Gold dropped almost 800 Pips again, drop is increasing day by day as compare to upward move. i am waiting the levels i have marked and will trade accordingly.
XAUUSDG trade ideas
XAUUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure.
We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower).
Your success is determined solely by your ability to consistently follow the same principles.
Downtrend continues - GOLD downGold (XAU/USD) came under heavy selling pressure ahead of the European market on Wednesday, falling to near $2,700, a near three-week low. With Republican candidate Donald Trump taking the lead in the US presidential race and potentially becoming the 47th president, the dollar has staged a strong rally, triggering a sell-off in gold.
Concerns about deficit spending and expectations of less aggressive interest rate cuts by the Federal Reserve have also pushed up US Treasury yields and shifted investors' interest away from non-yielding gold. In addition, the risk appetite shown by the strong rebound in US equity futures suggests that the Aussie could continue to fall against the US dollar.
The election result pushed gold back into the 2,700 support range, recovering in correction mode. Still maintain the upcoming gold support zone: 2700-2680
Sell: 2748-2750
SL 2755
TP1: 2740
TP2: 2725
TP3: 2715
Resale support: 2713
Buy: 2700-2702
SL 2695
TP1: 2708
TP2: 2715
TP3: 2730
XAUUSD - Will Trump cause gold to fall?If gold reaches the bottom of the descending channel, which is also in response to the demand zone, we can look for gold buying positions.
Donald Trump won in Wisconsin and got 10 electoral votes, and Trump's total electoral votes reached 277 electoral votes. In this way, Donald Trump became the 47th president of the United States.
The rise in long-term interest rates and the broad sell-off across the Treasury yield curve reflect public expectations for an inflationary mix of domestic (fiscal and immigration) and foreign (tariffs) policies from Trump.
Also, we see movements in short-term US dollar swap rates related to the hawkish revision of Fed interest rate expectations. In line with forecasts and public expectation, markets still expect the Federal Open Market Committee (FOMC) to cut interest rates by 25 basis points to 4.75% tomorrow.
XAUUSD 4HR BEARISH PULLBACK THIS WEEK?WEEKLY: Still Bullish but could make an official pullback to at least 23.6 level.
4HR: Lots of Bearish momentum. Would like to see bullish fakeout to 2760ish area then continue going bearish into 2715 area.
2760 would be 50% retracement for Entries.
2715 would be 127.6% level for Exits.
30MIN: Need a bullish move into 4hr Supply Zone.
ENTRY: ONLY after confirmation of 3min BOS in 4hr Supply Zone or after touching zone.
TAKE PROFIT: 2715 area.
STOP LOSS: 2760s area but ONLY after 3min bearish confirmation in 4hr Supply Zone.
REWARD TO RISK RATIO: 2:1 up to 6:1 depending on where you put your stop loss 2760-2775ish
GOLD XAUUSD PREDICTION🇺🇸 How the 2024 U.S. Presidential Election Could Impact Your Investments
With the upcoming U.S. presidential election, markets are on edge. Both Donald Trump and Kamala Harris offer contrasting approaches, which could lead to different outcomes for stocks and gold. Here’s a breakdown of potential impacts under each candidate:
📈 If Trump Wins:
• Stock Market: Known for pro-business policies, Trump may boost investor confidence through tax cuts and deregulation, potentially leading to a stock market rally. However, his tough stance on international trade, especially with China, could create market volatility.
• Gold: Gold typically benefits from uncertainty. If Trump’s approach increases geopolitical tension or economic uncertainty, gold prices could rise. Conversely, a stronger dollar under his policies might limit gold’s growth.
📉 If Harris Wins:
• Stock Market: Harris will likely continue Biden’s policies, focusing on infrastructure and clean energy. These policies could favor sectors like renewable energy. However, possible tax hikes on corporations may cool off overall market enthusiasm.
• Gold: With more regulatory oversight expected, investor caution may drive gold demand as a safe-haven asset, especially if concerns about government spending or inflation arise.
🔍 Key Takeaways:
• Market Volatility: Elections bring uncertainty, so markets may experience short-term swings as investors react to possible policy shifts.
• Long-Term Impact: While election outcomes have immediate effects, the long-term impact depends on actual policy implementations and global economic factors.
Stay tuned and diversified! Elections are just one of many forces shaping financial markets, so having a balanced approach is key.
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48
Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF
GEOPOLITICS
As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price
US ELECTIONs
As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
XAUUSD H4 Entry SetupsThese Entries Based on Technical Analysis.
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
Key points:Polls show tight race, keeping markets on edgeStock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge.
I think XAUUSD will rebound moderately.
Declines Ahead of U.S. Presidential ElectionOn the global market, spot gold prices edged down by 1.8 USD, settling at 2,736.9 USD/ounce, while gold futures also recorded a decline, reaching 2,745.9 USD/ounce. Investors are currently focused on upcoming key events, such as the U.S. presidential election and the Federal Reserve's interest rate decision.
From a technical analysis perspective, the resistance level at 2,747 USD is posing a challenge for gold in the short term, preventing prices from maintaining an upward momentum and exerting pressure for a potential downward correction. Although support at 2,734 USD is helping to prevent a deeper decline, the recovery of gold's upward trend remains difficult.
Overall, the gold market is currently driven by short-term technical factors, while macroeconomic events such as the Fed's decision and the U.S. presidential election will play a crucial role in determining the long-term trend of gold prices. Investors will need to closely monitor support and resistance levels, while also keeping an eye on macroeconomic factors to make informed investment decisions.
Gold Market Update: Targeting Supply Mitigation at $2750Gold continues to seek supply mitigation around the $2750 level, signaling a key area where sellers may enter. This level remains crucial for the market's next direction, as price action around $2750 could either strengthen resistance or allow for further upward movement.boost , comment and follow for more insights
The USD strengthens, and gold continues to declineThis decline is occurring due to profit-taking pressure from investors, many of whom are seizing the opportunity to sell as prices peak. Experts believe that the movements in gold prices are being influenced by the upcoming U.S. elections and the Federal Reserve's interest rate decisions.
This week, market sentiment will be shaped by these events, along with data on service sector activity, weekly unemployment claims, and consumer sentiment reports. Additionally, gold prices are also affected by the USD reaching a three-month high, fueled by strong signals from the U.S. economy and the potential re-election of Trump.
Today, gold is fluctuating around 2,741 USD/ounce. Currently, the EMA 34.89 has reversed, indicating that gold is in a downward trend. The resistance level at 2,756 will pose a significant challenge for gold at this time. Forecasts suggest that gold prices could drop to the support level of 2,731, with the possibility of breaking through this level and falling further.
Will gold reverse and increase again this week?
Gold could cross 3000 level this weekGold is in bullish trend since many days, This is daily chart of Gold and you can see arrow of blue color resistance of 2799 and after breaking it could touch or cross 2990 level indicated by green arrow.
Note: This is not a buy/sell call. Trading according to your own decisions.
PriceAction / SupportAndResistanceHere we are analyzing 1H time frame for finding the upcoming moves on gold price. I'm using support and resistance combine with price action. Overall trend was bullish. Let's analyze more deeply and maximum gain outcomes. But in my opinion I'm looking sell today.
Must put stoploss for your trade.
Use proper Risk Reward Ratio.
Gold after U.S. election : Since rising tensions have played a significant role in the recent increase in gold prices, let’s look at each U.S. presidential candidate’s approach to handling these tensions and their future plans.
Kamala Harris, representing the Democratic Party, is focused on diplomatic efforts to reduce conflicts in the Middle East. She generally follows the Biden administration's approach, aiming to ease hostilities through aid and international agreements, including a two-state solution for Israel and Palestine. This approach may help stabilize markets by reducing the volatility tied to prolonged conflicts.
Donald Trump, the Republican candidate, takes a more aggressive stance. He supports a strong alliance with Israel, endorses military responses to threats from Iran and its regional affiliates, and prioritizes U.S. strength and independence. Trump's “America First” stance could lead to continued or heightened tensions, which historically correlates with higher gold prices due to investor flight to safe-haven assets.
In summary:
Kamala Harris: Diplomatic de-escalation, which may stabilize gold prices.
Donald Trump: Military strength and strong alliances, likely to keep prices high in case of increased tension.
These policy differences could significantly impact markets depending on which candidate wins.
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weekly bearish plan really interesting, but no signal yetthere is not even 1 red candle in the top right now, want to gamble with 2680 red candle next week?
is there any requirement to retest ma 55 on weekly?
XAUUSDperfect catch on 2757 as accepted i hope everyone is in profit this week, what i see for next week its a clear line on the 4h chart frame also video is out on youtube.
im loooking at continuestion short near 2700 or slightly more down to 2685 around, for a gold market to go more higher.
what are you all think can leave a comment below.
XAU USDXAU USD @ 2688.75 SL 2675.98 TP 2711.27
Based on previous analysis we're expecting this mitigation to hit certain levels before the continuation. Our entry will include a 8 pip trailing stop.
T.Y.L.A.
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
GOLD Correction Upward#trading_idea 🔔
👑#Gold- Correction Upwards!
💰 The upward correction continues. An ABCD pattern is visible, and the Momentum indicator suggests potential bullish strength in gold.
Suggestion:
🔼Buy.
🎯 TP at 2700
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️➡️ TRY SABIOTRADE NOW
Selling opportunity for XAUUSDHey guys,
Based on the chart we can consider a bearish movement for XAUUSD because we consider a bearish trend line and also a bullish swing has been broken in 15 min timeframe which we consider this as a resistance level for this movement.
The risk reward ratio for this position is 1:3.
Good luck.
Gold sell entryRetest on the bullish trend making second touch on the current bearish trendline resistance OR breakout from current bearish trend then continuation to the downside
