XAUUSDG trade ideas
XAUUSD MSD Strategy zoneNow the price broke last MA direction Level and the mid-direction is down and if that downward wave contains 3 extensions so it is just correction to 2545 range and if 5 extensions that mean large degree correction contains 3 large wave and in the smallest degree has selling zone at 2612 range and that should happened inside liquidity T-Line
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Gold London close trade idea 21/11/2024Final idea for gold for today - last 4hr closed bearish but didn't engulf previous. I could see a pullback to 2655 liquidity zone if we get a 30 candle close below 2664 before heading higher. If not id be waiting for gold to break above 2676 before jumping back in buys. The setups come. Be PATIENT. Remember you get rewarded for your patience not for your time on the charts
Gold making progressGold has been making steady progress since hitting its post-election low this time last week. Last Thursday it fell to $2,536, a level previously seen in early September. Since then, it has made solid, if unspectacular progress, rallying 5%. The post-election slump saw the daily MACD register its most oversold levels since October 2023. Gold’s progress since then has led to the MACD turning up quite sharply, suggesting that overall, momentum is finally pointing upwards. Of course, nothing goes up, or down, in a straight line, no matter how oversold or overbought it may appear. In other words, gold bulls should not be surprised to see a pullback, given this week’s rally. But as long as such pullbacks are shallow, offering an opportunity for fresh buying, then the overall direction of travel should point higher for now. Unfortunately, the situation with silver looks far from clear. Recent rally attempts have repeatedly run out of steam, suggesting that silver may have to turn lower to find a solid base for its next rally. Bulls should keep a close eye on $30, as a significant and protracted break below this level could suggest further weakness.
Gold Trade Idea (EASY SMC) Here’s a straightforward gold trading setup utilizing my preferred SMC trading strategy.
BUY XAUUSDThe sells are coming but the bulls are not exhausted yet. Anticipating another surge towards the upside. Price should reach 2673 before the end of this week.
Gold Market Live Signal London SessionThe short-term technical outlook for Gold price remains the same, with traders likely to adopt a ‘sell on bounce’ trade strategy as the 14-day Relative Strength Index (RSI) remains below the 50 level. The indicator is currently trading near 47.
An impending Bear Cross adds credence to the downside potential. The 21-day Simple Moving Average (SMA) is looking to cross the 50-day SMA above. If that happens on a daily closing basis, it will validate the bearish crossover.
That said, failure to find acceptance above the 50-day SMA at $2,660 on a daily closing basis could reinforce sellers toward the $2,600 threshold.
The previous day’s low of $2,610 will be tested ahead of that.
On the flip side, the immediate resistance is seen at the 50-day SMA, above which the 21-day SMA at $2,682 will come into play.
Additional recovery could face stiff resistance at the $2,700 threshold.
GOLD SELL NOW!!!!!!On a 30min time frame price of gold took out the sell side liquidity am expecting to see price revisit 2,602 area for liquidity sweep for another rally up to the buyside though we just got the sell side taken out expect a minor retracement to 2,631 then sell off from that zone to 2,602
JOIN AND ENJOY
Lets know your take on this..........?
Risk aversion rises, bullish trend continuesGold closed strongly, the NY market fell and rebounded, and rose strongly. The bottom of the daily level had obvious support, completing a deep V reversal, and the moving average indicator showed an obvious upward turn. Intraday trading was mainly long at low prices!
After gold fell to 2620 in the US market, gold rose again for risk aversion, and gold bulls turned strong again. After stepping back, they turned strong again, so the strength of gold bulls rose, and gold continued to be long above 2620 in the Asian market.
The 1-hour moving average of gold continued to cross upward and diverge. The decline of gold in the US market was just a confirmation of the high level of gold. Gold bulls had the advantage, so today gold continued to be long on dips at 2620, and gold could be long when it fell back to around 2625.
First support: 2630, second support: 2621, third support: 2602
First resistance: 2645, second resistance: 2658, third resistance: 2665
Trading strategy:
2621~2658 range, sell high and buy low according to resistance and support.
XAU long swing. overall, this is a cup and handle pattern XAU gave earlier this year. Xau will see 2100 level again. this is the overall analysis of XAU. keep a eye on this pair
#xauusd #elliottwave short sell setup 4h 19Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
GOLD BUYS!!!Trade Description for Gold (XAU/USD)
Trade Setup Summary
- Instrument: Gold (XAU/USD)
- Timeframe: 4-Hour Chart
- Trade Direction: Bullish (Buy)
Key Levels:
1. **Entry Zone**:
- Planned within the **Golden Zone**, between **61.8%** ($2,946) and **78.6%** ($2,910) Fibonacci retracement levels.
- This zone is identified as a high-probability area for a reversal based on Fibonacci principles.
2. **Stop Loss (SL)**:
- Positioned just below the **78.6% Fibonacci level** at approximately **$2,910** to minimize risk if the price invalidates the setup.
3. **Take Profit (TP)**:
- **TP1**: At the **0% Fibonacci retracement level** (~$3,043), corresponding to the nearest resistance level or the top of the previous range.
- **TP2** (if applicable): Extended profit level, potentially aligned with Fibonacci extensions (e.g., -27.2% or -61.8% for continuation).
Trade Logic:
1. **Fibonacci Confluence**:
- The price has retraced into the golden zone, an area with strong historical significance for reversals.
2. **Trend Bias**:
- The current market structure suggests a potential uptrend resumption after the pullback.
3. **Risk-to-Reward Ratio (R:R)**:
- This setup offers a favorable R:R, targeting a large profit potential relative to the risk defined by the SL.
4. **Moving Averages**:
- The 50 EMA (blue) and 200 EMA (orange) act as dynamic support/resistance. A price above 50 EMA could add confirmation.
Market Considerations:
- **Price Reaction**: Monitor price action closely within the golden zone. A bullish engulfing candle or breakout would provide further entry confirmation.
- **Volume Analysis**: Increased volume on bullish candles will validate momentum strength.
- **News & Fundamentals**: Watch for U.S. Dollar (USD) strength/weakness, Federal Reserve policy updates, or geopolitical risks, as these heavily influence gold prices.
Gold’s Next Move: Short Trade Setup Amid Key RetracementGold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in mind for risk management.
Our approach is focused on capitalizing on the retracement for a short position while aligning with the overall bearish trend. If the price fails to hold key levels, a deeper bearish continuation is expected.
Technical Analysis:
• Retracement Level: Gold is at the 0.5 Fibonacci cloud level on the 30-minute chart.
• Moving Average: Currently trading above the 200MA on the lower time frame, indicating temporary bullish momentum.
• Higher Time Frame: Still bearish, reflecting a downtrend in the broader structure.
• Recent Price Action: Gold surged 1.13% above the 200MA, then retraced into the cloud, testing support for the next move.
• Trade Setup: Short-term bearish execution with targets aligned to the broader downtrend, capitalizing on the retracement level as an entry point while considering the smaller time frame’s temporary bullish momentum.
Fundamental Overview:
Gold prices rebounded in Asian trading, supported by easing US Treasury bond yields and a softer US Dollar. Geopolitical tensions between Russia and Ukraine and expectations of further stimulus measures from China provide additional support for gold. However, long-term concerns about US monetary policy and interest rate stability may weigh on the metal’s trajectory.
Traders are closely monitoring signals from Federal Reserve policymakers regarding future rate hikes. Additionally, the market is cautious about potential ripple effects from Nvidia Inc.’s earnings on the broader sentiment.
This trade takes advantage of the short-term bullish retracement on the lower time frame while staying aligned with the higher time frame’s bearish outlook. Proper risk management and vigilance toward key fundamental triggers remain essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAUUSD printing a bearish channelXAUUSD printing a bearish channel trend reversal expected at breakout, entry with a buy stop
Engulfing So FarThe downward correction seems to be on the way now. The current downward cndle is engulfing the previous rising one which indicates a further drop.However the month is not completed yet and things may still change. I am going short cauciousely.
Gold Price Today, November 18: Recovery TrendThe global gold price has recorded an increase, fluctuating around 2,584 USD/ounce. This week, the gold market is expected to remain relatively quiet, as fewer important economic data will be released. Key pieces of information that investors are awaiting include housing market data and building permits in the U.S., new home sales, and the University of Michigan's consumer sentiment survey. Additionally, statements from Federal Reserve officials will be closely monitored to assess the likelihood and pace of future monetary policy adjustments.
Looking at the technical chart, with support at 2,562 USD/ounce, gold is gradually recovering its upward momentum. If gold holds above this support level, it is likely to continue rising toward the next resistance level around 2,600 USD/ounce, and could go even higher if strong capital flows into safe-haven assets. However, if the 2,562 support is broken, gold may face downward pressure, with the next support level around 2,540 USD/ounce. Economic factors and Fed policies will play a crucial role in shaping the short-term trend of the gold market.
What do you think about today's gold price? Feel free to share your thoughts in the comments!
XAU-USD (GOLD) CHART ANALYSIS - NOV 18📊 XAU-USD (GOLD) CHART ANALYSIS
📈 Technical / Naked Price Action Sentiment: Bullish :Bull:
🎲 Hello traders!
In this analysis, we’re diving into the daily chart of $Gold. Over the past few months, Gold has predominantly moved within bullish zones. However, following the recent U.S. presidential victory by Trump and rising optimism for improved USD fiscal and financial policies, November has seen Gold decline from 🟢highs of $2780 to 🔴lows of $2530.
Currently, the market sits near the 50% Fibonacci retracement level from the all-time high (ATH) of $2780+. Looking ahead to the coming week, Gold may continue to oscillate between $2560 highs and $2500 lows.
💡 Key Takeaways:
The overall sentiment remains Bullish, with pullbacks offering opportunities for LONG trades.
If you’re considering SHORT positions during an intraday bearish breakout, proceed with caution and manage risk appropriately, as the longer-term outlook still signals strong Bullish momentum.
🧠 Let’s Collaborate!
Share your ideas, thoughts, and charts in the #chat channel. Got questions? Feel free to ask—we’d love to hear how you think the market will react!
Best Regards,
The NFX Team™ 💚
World gold prices increased stronglyWorld gold prices exploded strongly when the USD dropped. Recorded at 9:30 a.m. on November 18, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,562 points (down 0.05%).
Although the short-term technical picture has improved, it is still too early to confirm a bottom.
“Speculators will hope the sell-off since Donald Trump's victory in the US presidential election is over. However, there is nothing to indicate that yet. Gold has fallen every day in the last week, causing the precious metal to lose more than 5% in just four days.”
This week's economic calendar focuses on the US housing sector. The market will get data on U.S. housing starts and building permits for October on Tuesday, MBA mortgage applications on Wednesday and existing home sales for October on Thursday.
Other highlights include the Philly Federal Reserve's manufacturing index on Thursday. Market participants are watching to see whether the Philadelphia region will see a surge in manufacturing activity like New York state.
🔥 XAUUSD SELL 2594 - 2592🔥
💵 TP1: 2580
💵 TP2: 2570
💵 TP3: OPEN
🚫 SL: 2603
Gold long - Fear of WW3After news was released that the sill in power Biden administration allows Ukraine to use long range missiles to attack Russia, I would expect a fear reaction, leading to a greater demand for Gold.
Besides, Gold re-tested a strong resistance at about 2500 and the chart shows a strong RSI divergence.
XAUUSD Trading Idea 18/11/2024Overall Trend: The overall trend appears to be bearish, with the price making lower lows and lower highs over the given time period.
Potential Reversals: There are a few potential trend reversal signals, including a bullish engulfing candlestick pattern around 12:00 on the 15th, and a morning star pattern forming around 18:00 on the same day, indicating potential bearish-to-bullish reversals.
Volume Patterns: Volume appears to be increasing during downtrends and decreasing during uptrends, suggesting selling pressure is stronger than buying pressure.
Sentiment: -60
Patterns: Head and Shoulders Top, Ascending Triangle, Bullish Engulfing, Morning Star.
Strategy: Based on the overall bearish trend and potential reversal patterns, a countertrend trading strategy could be employed. Look for short-term bullish reversals within the larger bearish trend to enter long positions with tight stop losses. Alternatively, one could wait for a confirmed break of the bearish trend before considering long positions.
Sentiment Analysis: The chart exhibits a bearish sentiment overall, with the price making consistent lower lows and lower highs. However, the potential reversal patterns suggest a temporary shift towards bullish sentiment in the short-term.
Market Structure: Key swing highs were formed around $2,670 and $2,640, while key swing lows were formed around $2,570 and $2,580. The market structure suggests a potential bearish continuation if the price breaks below the $2,570 swing low.
Gold 4H1. Gold can go up to 2600-2650 and down again to complete correction
2. It's possible that correction is finished and gold go up to new high
- Trend is still Bullish...
- This is not sell or buy signal. Don`t trade with anybody else analysis or signals.
- Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!
XAUUSD/GOLD BUY & SELL PROJECTION 17.11.24Reason for Gold buy & Sell
The hedge against inflation is the traditional motive behind the investment in gold. The yellow metal serves as an inflation hedge in the long run. When inflation rises, the value of the currency goes down. Over the long-term, almost all major currencies have depreciated in value relative to gold.
