Gold Trade Gold made today lows @2689.090$ and its also a important support level for gold . Next move for @2718$ on upside. On other sides gold has a low volitilty and liquidity so calm and hold for next upcoming upside move.
XAUUSDG trade ideas
XAUUSD - 2024/11/08Looks like XAUUSD has already made the move that I was waiting for during Asian session.
I will monitor the market to look for a potential retrace back into the 1h volume sell zone to take more shorts, but at the moment if the market does reverse back to entry I would be skeptical to enter because the market can easily just continue the bull run.
Even though we had a strong push down with the US elections, XAUUUSD is still in a bullish market and needs to be taken into account when looking for shorts.
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%.
• Chart Analysis:
• A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown.
• There are red and green candlesticks representing the price movement in each hour.
• The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates.
As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days.
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Toward a h1 higher high with buy side liquidity ?I think that the price could go to a h1 higher high at 2708.
In m1 there is an OB followed by 2 FVG (BISI).
Gold pure price action analysisIn tht i analysis base on pure chart what he can tell us follow for more analysis
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish.
This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure.
Price is now trading within an established swing range.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase.
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: Bearish.
As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range.
Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone.
Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated.
M15 Chart:
Gold Longs Before The Shorts Gold expected to buy before we continue shorting, watch my video for my thought process behind why I speculate gold to go long before shorting.
GOLD-BUY strategy - 6 hourlyGOLD has moved lower quite sharply (as expected), however it is oversold short term.
Strategy BUY @ $ 2,650-2,680 and take profit @ $ 2,725 for now.
my opinion about GOLD in daily time framemy opinion about GOLD in daily time frame
we have 3 scenario for it .
in all of theme , we may have a short correction .
be careful
The situation of gold in the coming weeks, correction or new H?The situation of gold in the coming weeks, correction or new ceiling?
According to the chart in the weekly long time frame, we have the hanged man candle, which is confirmed by a big red candle.
Considering the fundamental conditions of the US presidential election, the growth of gold in recent weeks, the announcement of the US interest rate today, we may see a correction for gold, this precious metal.
Profit from existing positions with capital management.
good luck
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump.
The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%.
“While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar",
“With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.”
This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper
🔥 XAUUSD BUY LIMIT 2649 - 2647🔥
✅TP1: 2660
✅TP2: 2670
✅TP3: OPEN
🚫SL: 2638
🔥 XAUUSD SELL LIMIT 2676 - 2674🔥
✅TP1: 2665
✅TP2: 2655
✅TP3: OPEN
🚫SL: 2685
Few things can happen for GoldGood drop because of tight election night so here is the way gold can do;
It need to break Resistance 2,663 | 2,685 & 2,700.
If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone.
If you are in the buy now please be very careful and cautious cuz the resistance are very tight.
2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine.
Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much.
SL : 2,660.70 or 2,659.75
I known its close but it can spike pretty quickly before you know it.
So please use proper risk management
Lets make this money
Gold Wave Analysis 6 November 2024
- Gold broke support area
- Likely to fall to support level 2600.00
Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October.
The breakout of this support area accelerated the active minor ABC correction from the end of November.
Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
Can go higher or this is it?Hi there!
Trump was wins! It can be the start of USD strengthening?
What's next?
All conditions for reversal are ready but sure price always can go little higher!
Good luck traders
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure.
Intraday Expectation: Price is anticipated to target the weak internal low.
Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile.
M15 Chart:
XAUUSD - Gold 3Month (quarterly)Overview:
Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward.
By the end of October, silver had surged by 42.4 percent, a dramatic increase that reflects growing demand and limited supply. Gold, similarly, has gained 33.7 percent, solidifying its role as a reliable store of value. These gains in the precious metals market outpaced other commodities and most traditional financial assets.
For comparison, the NASDAQ—the best-performing stock index—has gained 24 percent over the same period. This robust performance in the NASDAQ reflects strength in technology stocks, yet it still falls short of the exceptional growth observed in gold and silver. Such trends highlight the unique appeal of precious metals, especially during periods of market turbulence and geopolitical tension.
Watch the RSI as another blue candle will indicate a Q4 bullish momentum that may continue into the New Year. As for a Red Q4 Candle... This may push the RSI below the 80, creating a bearish Divergence in the LONG term. This Pullback may even look like a trend reversal. Keep in mind a healthy market needs to retrace.
Key Levels:
2450
2315
2235
(Support)
GOLD NEXT MOVE (expecting a bearish move) (03-10-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (03-10-2024)
Current price- 2649
"if Price stays below 2665, then next target is 2639 and 2625 and above that 2675".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Selling Level is defined IN #Gold #XAUUSDHello trader's
here is your gold trading level for intraday so trade smartly
when you find a good selling candel over my marked level ,,
and avoid aggressive buying
Reason is low volume buying ..
and don't miss to follow or like this page..
This is for your learning purpose
GOLDThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy
GOLDgold analysis
Time frame of 4 hours
Considering that the 4-hour time frame of gold is still bullish, you can look for buying deals when the price reaches the specified area.
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market.
Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now.
However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
