#XAUUSD 18NOV TO 22 NOVgold is still looking for downward.....but real pullback expected from fib upper level..
XAUUSDG trade ideas
Gold 24hr potterboxesThe floor of both boxes $2558 is what gold needs to hold or the next drop down would be to $2525. this is just what i see. using this method and strategy.
Gold SetupLooking at the dollar strength index as well as Gold index I can see that dollar is gaining more strength as compared to Gold, and these technical analysis they are inline with fundamental analysis
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow.
Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616.
THE MAIN IDEA :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Long-term view for gold!The game for gold is not over yet! I know the current mood is not in gold's favor, but it's also a good buying opportunity for long-term investors, especially those who want to invest in physical gold without trading risk.
Final position i would look for sell in goldIf the price doesn't reverse here, I might need to work on my theories again.. hopefully it does.. I understand the problems I had in the previous setups, but this can't go wrong
XAUUSDGold bounced off the exponential 50 moving average and at the same time onto a support zone and possible contract block further upside for gold
guy what you think about this is it worth the risk tbh i really nee to know cause im about to risk 20k on this trade
GOLD GOLD WILL continue buying into my structure and a deeper buy from structure tell us that 2684 is possible.
watch 2673-2678-2680
Sell idea for goldSell idea for gold
Sell idea for gold
Sell idea for gold
Sell idea for gold
Sell idea for gold
Trading Plan for GOLD (XAUUSD) TodayGOLD is currently positioned in a key zone where a horizontal supply area has recently been breached, coinciding with a falling trendline. I expect a bearish consolidation to form within this region.
The target for this trade is set at 2592.
However, if the price moves above this zone, the setup will be invalidated.
DAILY ANALYSIS - XAUUSD (TUES, 19th NOVEMBER 2024)Bias: Bullish
USD News: None
Analysis:
-Price started retracing to the upside
-Potential retest back to 2660
-Looking for BUY if there's confirmation on lower timeframe
-Pivot point:2580
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Gold steadies
Gold was firmer this morning, as was silver. It is certainly early days, but there are some small, yet significant, signs to suggest that the post-election slump may be over. Gold looks as if it may be finding its footing following the sell-off which began at the end of October. This accelerated into a rout as the Trump victory became apparent and yields and the US dollar soared. Major support for gold comes in around $2,500, a level it last saw two months ago. But gold appears to have found a footing above here, with the daily MACD indicating a market that is more oversold than at any time since the summer of 2022. Shorter timeframe MACDs continue to level out, and even tick higher, which is an encouraging indicator. Some investors will feel that bond yields and the dollar need to reverse direction to lift gold from here. But that isn’t a requirement for the rally to resume. The next step is for gold to establish itself back above $2,600. If it can make further progress this week, then it may be too early to write off the prospect of fresh all-time highs.
Gold:Short term analysis for 18/11/2024Disclaimer:
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 4-hour
Market Analysis:
Following on previous analysis, the XAUUSD pair has bounced off the key support level at 2,550.00-2,543. However, the 4-hour chart indicates persistent bearish momentum, with price action confined within a descending trend channel. The price has almost reached value area high. This may act as resistance.
Key Observations:
No bullish divergence detected on the 4-hour chart.
Bearish divergence evident on the 30-minute chart.
Key Levels:
Resistance : 2,606.00
support : 2,536.00
support(Poc): 2568.00
lower target: 2485.00 - 2505.00
Trading Bias:
Bearish, lack of bullish divergence and no impulsive momentum, If the price slips below the point of control, the bullish narrative would be compromised, potentially triggering a reversal, anticipate a potential breakdown below the support level, targeting first weekly point of control at 2,502.00 then lower OBV at 2,485.00 - 2,505.00.
XAUUSDXAUUSD @ 2587.56 SL 2597.66 TP 2567.34 Saw the impulse move and now the correction. Our entry is based on divergence spotted on LTF and confirmed MSS on LTF as well. Trade with caution. This trade has a trailing stop loss of 8 pips:)
XAUUSD TRADE SETUPWait for break of structure then wait for pullback and momentum shift then take a trade for market bias otherwise skip this setup
Gold price is targeting 3000 USDHave been following Gold price movement for a period, it is moving toward 3000 USD.
If no any calamity happens, it will reach 3000 USD.
Signature Analysis and Trade Plan for XAU/USD (Gold)This analysis combines the GOLDontheNILE strategy, multi-timeframe calibration, and risk mitigation strategies for a holistic outlook. It incorporates Ichimoku Kinko Hyo, Chikou Span (Heikin Ashi), Fibonacci levels, Stochastic RSI, and volume dynamics to address all potential scenarios.
Multi-Timeframe Analysis
Price Action & Technical Overview
5-Minute Chart
Trend: Bearish short-term momentum. Consolidation near 23.6% Fibonacci at 2561.50.
Indicators:
RSI < 40.
Stochastic RSI oversold but no crossover yet.
Ichimoku and HMA (5) below EMA (21).
Scenario: Potential short-term pullback to 2563.00 before resuming the downtrend.
15-Minute Chart
Trend: Bearish momentum reinforced by rejection at EMA (21) and Ichimoku resistance.
Indicators:
RSI at 35.
MACD bearish crossover.
Bollinger Band squeeze, signaling potential volatility.
Stochastic RSI hints at oversold conditions.
Scenario: Likely continuation lower after testing 2562.50 (EMA resistance).
1-Hour Chart
Trend: Bearish. Price consistently rejected at the 2568.00 level, supported by Ichimoku's bearish cloud.
Indicators:
RSI at 35.
MACD bearish.
Stochastic RSI showing oversold with a weak signal for retracement.
Scenario: Continuation to support at 2545.00, with room for further declines to 2530.00.
4-Hour Chart
Trend: Broad downtrend. Clear alignment of Ichimoku cloud, SMA (200) resistance, and downward momentum on MA indicators.
Indicators:
MACD shows expanding bearish divergence.
Stochastic RSI remains in neutral territory with a downward slope.
Scenario: Target continuation lower to 2530.00, with a key retracement cap at 2568.00.
1-Day Chart
Trend: Bearish with consolidation near 2545.00. SMA (200) resistance near 2580.00 confirms the long-term bearish structure.
Indicators:
RSI nearing oversold (30).
MACD bearish divergence.
Chikou Span decisively below the cloud.
Scenario: If 2530.00 is breached, potential for extended downside to 2500.00.
Risk Mitigation: Calibrated Scenarios
Bearish Continuation (High Probability)
Sell Entry: 2560.92 (confirmation of breakdown).
Stop Loss:
SL1: 2568.93 (above immediate resistance).
SL2: 2573.24 (above SMA 50 for added protection).
Take Profit:
TP1: 2545.00 (Fibonacci 23.6%).
TP2: 2530.00 (critical support and AB=CD target).
Short-Term Pullback (Retracement Scenario)
Buy Entry (Countertrend): 2545.00 (at Fibonacci and Ichimoku support).
Stop Loss:
SL1: 2538.00 (below support).
SL2: 2530.00 (conservative).
Take Profit:
TP1: 2563.00 (EMA 21 resistance).
TP2: 2568.00 (key resistance zone).
Range-Bound (Sideways Price Action)
Monitor consolidation between 2530.00 (support) and 2568.00 (resistance). Breakout will dictate trend direction.
Key Levels
Resistance Zones:
2568.00 (SMA 50).
2573.24 (Fibonacci 61.8%).
Support Zones:
2545.00 (Fibonacci 23.6%).
2530.00 (critical structure).
2500.00 (extended bearish target).
Confidence Assessment
Bearish Scenario: 85% confidence due to multi-timeframe alignment with bearish Ichimoku, MACD, and volume analysis.
Countertrend Bounce: 60% confidence as Stochastic RSI and Fibonacci align with support but face bearish headwinds.
Justification
Ichimoku Cloud & Chikou Span: Bearish alignment across timeframes reinforces downward momentum.
Volume Bollinger Bands: Compression signals potential volatility expansion, likely to the downside.
Multi-Timeframe Harmony: All levels and indicators point to bearish continuation, but retracement potential exists near oversold zones.
This calibrated analysis accounts for all potential scenarios, prioritizes risk management, and adapts to changing conditions.
Time to buy Gold from point of view of King BTCNFA
In the range between 2460 to 2560 it’s recommended to buy Gold
