GLD: BreakoutGLD broke out and expect it to be go crazy as inflation is still sticky and might raise in coming months. If it drop below the line, it's a failed break.Longby MarathonToMoonUpdated 2
Gold:- Doomsday Gold now entering into bearish trend.so a little pull up is a good chance to enter into sell.Shortby ktra_commodities2
Gold forecast Hello to everyone 👋 , guys as gold is currently running in bearish trend 📉 continuously after Mr Trump has won the elections so it is also respecting fib 0.5 level, that's why I'm looking for long entry here and also my target is previous imbalance near 2650 zone so my target is that fvg Thanks for reading we will see what will gold do today Longby wsmasterfx5
XAU/USD🪙 XAU/USD I have the following preview for this pair>>🖊️ Preview Daily we are in Long M2_Daily on this TF we are Bearish. On 4HTF we are now in Long M2 but the structure is also Bearish. 30MTF there we are below Vpoc today and yesterday, we got a reaction from VAL yesterday. Now it's shorts from Daily, 4H, 30M for me. Today I would expect that they could close the gap from 4HTF and select Liq Low from yesterday. This is my previewby Franz0FX3
Just a thought! Simple Idea! Channel is just to illustrate the move up. Fib drawn from swing low in June till swing high in October! Yesterday Nov 14 price tested the 50% area which is not really a Fib number Perhaps price will 'try' and test the 0.618 golden Fib level, before shooting up to make new ATH Especially in light of Fed Chairman's speech yesterday where he took a 'hawkish' stance IMHO! What do you think? please share! by ccpudaism1
golden level after big dumpwhere gold price will go next ? all levels on chart directional blue line on chart after big dump price first need correction Longby Sangam-Agarwal1
trend xauusd#xauusd Gold continues to fall? The trend is downward. Support range 2530 Downward target 2530 The first resistance range is 2577 The probability of falling again towards 2550 and 2530 is high.Shortby arongroups1
Gold 4 hour level wave countGold fell from 2790 to the red FVG area on the monthly chart. Relieved the imbalance at the monthly chart and below. It has returned to the FVG2546-2529 range on the second weekly chart. It just so happened that this wave of decline also reached Fibonacci 1.618-1.886, so there must be a rebound. According to the characteristics of the waves, five falls and three rises, three falls and five rises. At present, I have not determined whether it is a three-drop WXY wave or a five-drop yellow ABC wave. We need to continue to track its strength and shape in the later period to confirm it. At present, we are only bullish and not bearish. Similarly, can the current purple fourth wave correction end? It is also necessary to observe the rebound strength corresponding to the key positions. 1. If the rebound effectively breaks through 2704, then it is regarded as the yellow WXY wave correction and is over. Later, look towards 2900-3000. 2. If the rebound is not strong enough to effectively break through 2704, and there Longby qwekjc114
Thursday Gold confirm Signal FOMC Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out: XAUUSD Insight: Locked in a fierce contest between 2570 and 2584. Is a breakout near? Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2559, 2565. Upside Watch: Look for buying signals if it rises above! Targets: 2592, 2605.by luxgoldtraderUpdated 228
Gold Market Update: Bullish Reversal Towards $2590sA bullish reversal is underway in the gold market, with price action now targeting the $2590s for mitigation. This level may serve as a key support zone, potentially driving further upward momentum as the reversal takes hold.Longby Ak_capitalistUpdated 3
XAUUSD XAUUSD ( Gold / U.S Dollar ) Bullish Channel as an Corrective Pattern in Long Time Frame Break of Structure Fibonacci Level - 50.00% Completed " 12345 " Impulsive Waves Order Blockby ForexDetective227
Gold 1H Intra-Day Chart 15.11.2024Gold is really oversold right now. I am looking for buyers to push the market back up towards the $2,600 price zone. If you look carefully you'll see it looks like some form of inverse H&S is also forming. Longby BA_Investments10
Gold trading zones: 15-NOV-2024Today's Gold trading zones: For educational purposes only. Use at your own risk.05:04by DrBtgar2
Two scenarios lead to 2600 !! Hi guys, as you can see, the price broke the uptrend line then retraced back to, then went down, more likely will go to the destination 2600!! Two scenarios lead to 2600 in different ways! 2600 is so important price here because the price will touch there so important uptrend line which had not been broken since 14/02/2024 and even 2600 is the 38.20% Fibonacci level on the daily frame. As you could see that all drawn Fib levels and all the uptrends line were respected by the price! and that gave me confidence that Gold would continue in respecting them for the next phase too. all is going according to the system! Scenario 1!! Gold will go straight to 2600 and will be pushed up from 2600 then a retrace back to settle on to form the head and Shoulders pattern, which will not be broken on its neckline and guess what price too is there!!! yes it is 2600 still... normally according to what I observed before many times, if that neckline of that pattern will not be broken to down, so a huge bullish retrace will be generated to send the gold to around 2840 or a bit higher then settle on to send the gold price even further to the upper Fib level or higher than it, up to 2995-3000 Scenario 2!! ((more likely to happen)) ((Another scenario could happen too that gold would be pushed up to 2735 before reaching to 2600 to test again the uptrend line which had been broken earlier but again will have to fall down in a free fall also towards 2600! Note!! In a daily candle would close under that uptrend line and Fib level under 2600.. so gold would go to 2531 then retrace up the trend line to retest it then would have a free fall further down.. This scenario I do not believe it is going to happen! I hope I was able to make you realise the importance of 2600 ..this price is a most important game changer price!! This analysis is exclusive to me only and is not an advice for buying, selling or trading and it is not more than a simple idea or thought of the most likely scenarios according to my knowledge and experience.. My content is free of charge completely for all life long and I do not sell any signals but I wanted only to help)) Shortby moustafa_mareiUpdated 999
Gold Bull IdeaHey guys I am eyeing a close of this Daily candle.. I think we have an opportunity here to be Bullish going into December... I am looking at this forming a large Head and Shoulder pattern by pushing to 2688-85 range....Look for a push till next week! Be wise Longby WCPCorp4
Gold: Heading Towards Previous Low?Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2580 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2580 support and resistance area. Trade safe, Joe.Shortby JoeChampion2219
Gold Market Update: Major Zone Sweep Anticipated at $2618As supply pressure continues, gold has swept into a major daily zone and is poised for further movement. Desolation sets in as the market is expected to clear out the $2618 level before initiating the next hedge, setting the stage for a potential strategic pivot. sit tight as you hedge along with Akcapitals , comment , follow , and boost idea ,. THANKS Longby Ak_capitalistUpdated 3
XAUUSD: Buy at low level, target 2578-2590The first rebound after the significant drop is basically over, and it has already reached the resistance area. During the upcoming retest, pay attention to the support near the previous low. Just like the strategy I gave when the market rebounded to around 2620 last time, this time we should also watch for a potential W-shaped trend. If it appears, a rebound to the 2578-2590 range should not be a big issue. So, for tomorrow's trading, the focus should be on buying at lower levels. For those who enjoy scalping, don't be too greedy during the trade—keep an eye on the rhythm, and don't neglect risk management. If you have any questions, feel free to leave me a message. Longby Mia-Signal998
Gold -Trade Plan 14/11/2024Dear Traders, Gold broken all Support lines Easily, i expect price will be bounce of from 2540 Level , and Correction will be continue to 2600 2600 Area is very important Level...after reach to that Level...i will update Chart Again, Dont Forget like&Comment please ! Regards, Alireza!Longby alirezak11
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️Shortby FirstNameHelenUpdated 3318
Lingrid | GOLD Breaks OCTOBER Low: A Shorting OpportunityThe price perfectly fulfilled my last idea. It hit the target zone. OANDA:XAUUSD broke and closed below the previous support level, which has now turned into a resistance zone. Currently, the market is testing the psychological level at 2600. The ongoing bearish momentum is evident as the market continues to form bearish impulse legs and lower lows. If the price pulls back towards the resistance zone and shows signs of rejection at that level, it could present an opportunity to short the market. At this point the market may enter into the consolidation phase. My goal is support zone around 2570 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻 Shortby LingridUpdated 232381
Money flows out of GOLD ETFs, market focusAs the US Dollar strengthens ahead of the release of economic data and comments from Federal Reserve officials, these comments could provide insight into the direction of interest rates under the Trump administration. On Tuesday (November 12), OANDA:XAUUSD dropped to the lowest level in nearly 2 months. By the time this article was completed, gold was trading around 2,611 USD/oz, equivalent to an increase of 0.50% on the day. Dollar index TVC:DXY rose to a 4-month high, making gold more expensive. The US Dollar is expected to benefit from a number of policies of Republican President-elect Donald Trump, which could keep US interest rates relatively high for a long time, which will be an unfavorable environment for gold. not profitable. Wall Street's major indexes hit new closing highs on Monday, boosted by stocks poised to benefit from Trump's potential fiscal policies. Bitcoin also extended its record rally, while short-term US Treasury yields rose to a 3-1/2-month high. Market focus has now shifted to October consumer price index data released on Wednesday, producer price index and weekly jobless claims data released on Thursday and payroll data. Retail sales numbers are released on Friday. Several other central bank governors are expected to speak this week, including Federal Reserve Chairman Jerome Powell. Gold ETFs experience large outflows The World Gold Council said in its latest report that the US election results have influenced gold's impressive gains since the beginning of the year. Reasons include continued strength in bond yields and the US dollar, risk-on sentiment in the stock market, a push for cryptocurrencies and easing geopolitical tensions. The World Gold Council said global gold ETFs are expected to fall by $809 million (12 tons) in the first week of November, with most of the outflows from North America. In addition, COMEX's net inventory also decreased by 74 tons, down 8% compared to the previous week. The world's largest gold-backed exchange-traded fund (ETF) saw its biggest weekly outflow in more than two years last week following Trump's decisive victory in The election prompted traders to take profits. According to data compiled by Bloomberg, outflows from the SPDR Gold Trust, the world's largest gold ETF, surpassed $1 billion last week, the largest weekly outflow since July 2022. Price Spot gold decreased by 1.9% over the same period. The ETF's total gold holdings decreased by 0.4%, down for the second consecutive week. In times of political and economic uncertainty, investors often seek the safety of gold. Last month, they sought the safety of gold amid growing expectations that the US presidential election would be a hotly contested one. But with Trump winning key battleground states and Republicans taking control of the Senate, the results clearly prompted investors to exit their positions to take profits. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold recovered from the key support level highlighted by readers in yesterday's edition at $2,588 and returned to the price channel. The fact that gold is trading above the 0.786% Fibonacci retracement level gives it scope for a recovery but the current position will remain unchanged with all conditions tilting towards a bearish outlook. Gold's recovery may continue with a short-term target of around 2,640 USD, the price point of the 0.618% Fibonacci retracement level. However, a new bearish cycle will be opened once gold falls below $2,588 and the target is then around $2,548 in the short term, more than $2,528. As long as gold remains in the price channel below EMA21, the main trend will still favor the bearish outlook, rallies should be considered short-term corrections. During the day, the outlook for a recovery with a main bearish bias will be highlighted by the following technical levels. Support: 2,600 – 2,588USD Resistance: 2,627 – 2,640USD SELL XAUUSD PRICE 2661 - 2659⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2654 ↨ →Take Profit 2 2649 BUY XAUUSD PRICE 2559 - 2561⚡️ ↠↠ Stoploss 2555 →Take Profit 1 2566 ↨ →Take Profit 2 2571Shortby Xayah_tradingUpdated 1110
#2,552.80 achieved, well done!As discussed throughout my yesterday's session commentary: "My position: I currently hold no new orders as I plan to re-Sell Gold ahead of CPI which is on calendar throughout the session. As long as DX is on aggressive relief rally there will be no serious uptrend on Gold as I will Sell every High's which Gold delivers. I do expect CPI to rise which will spike up DX even more as I will re-Sell Gold as near of CPI event. I am looking at #2,552.80 test initially." My Medium-term Target is achieved which I announced more than a Month ago as I kept re-Selling Gold until I achieved #2,552.80 Medium-term Target. This went very good along with my recent Profits as Gold looks to even steeper decline ahead. Technical analysis: The current strong decline towards #2,552.80 benchmark and in addition the #2,542.80 local Low's came as no surprise as it is next to the Weekly (#1W) market Bottom. If we close today's Daily candle in red we will have significant potential to re-test the #2,500.80 benchmark Bottom. What is Highly important to note is that I can spot very Bearish candlestick patterns on Daily chart (Three inside Down and Hammer's) which made me re-Sell every High's which Gold delivered - however also followed strictly DX chart - with DX on aggressive relief rally, never attempt to swim against the tide and Buy Gold at all (as I announced that Traders are underestimating strongest correlation Gold has which is Gold / DX). I still belive that Bullish reversal is not possible. I was expecting #2,500.80 benchmark today but this has to be postponed for mid or end of the week as sentiment might be in jitters due to the Oil crash. For me it is more important that DX met its Daily chart's Resistance / adding heavy Selling pressure on Gold where Selling potential on Gold is significant. I have announced #2,552.80 - #2,600.80 possibility since #2,700's. My position: I am out of all orders and even if DX is skyrocketing, I will monitor the Price-action on sidelines with my Targets and Profit range achieved. Congratulations!Shortby goldenBear8828