XAUUSDG trade ideas
Gold ushered in continued decline
Yesterday, the gold price fluctuated around the 2560 dollar mark. Is a drop important or not? The current range of gold is still 2580-2535. 2580 is also the watershed of strength and weakness. At the same time, if it falls below 2535, the probability of gold falling to 2500 will increase; if it breaks through 2580 and stabilizes, the probability of gold retesting the pressure will increase. Therefore, the general direction today can only look at this range for the time being.
Today, the gold price still has the risk of continuing to fall. "Bottom fishing" seems to have become a derogatory term in the market. Any currency has lost this function. Short selling has become the only choice and the best direction. If gold loses the support of 2535, it will fall by another 50 US dollars. Today's high and low point area has become the key to the long-short game.
Gold point: 2568-70 short orders continue to be held in the early trading. Those who have not entered the market can enter the market directly if the rebound does not break 2565. Let's look at the decline today! The target is the 2543-2535 line!
Gold H4 | Potential bearish reversalGold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,593.16 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 2,628.00 which is a level that sits above an overlap resistance.
Take profit is at 2,526.62 which is a pullback support.
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XAUUSD IS MOVING IN THE DOWNTREND waiting the liquidity to fill the fair value gap for the 4 hr and enter sell
you can use sell limit too , above the fair value gap of daily
Gold remains around $2,675-$2,670 due to a stronger USD.Gold (XAU/USD) stays around $2,672-$2,670 as trading opens in Europe on Monday, continuing its recent downtrend from the October 31 record high. The USD remains slightly below last week's 4-month peak, driven by optimism over Trump’s economic policies, which are pressuring gold for the second consecutive day.
Investors expect Trump’s policies to boost growth and inflation while limiting strong Fed easing, keeping US Treasury yields high and pushing funds away from non-yielding gold. However, a mild risk sentiment may support gold as traders await US inflation data and Fed Chair Powell’s speech later this week.
Personal opinion:
A sell-off below last week's low around $2,643 could trigger further downside, potentially pushing gold towards the October range low at $2,605-$2,602. However, a rebound above $2,700 faces strong resistance near $2,718 and the $2,740-$2,745 zone. A break above these levels could signal the end of the correction and push gold towards $2,750 and the $2,758-$2,790 range, or even the record high from October 31.
Pay attention to the price range:
Buy Zone: 2656 - 2654
SL: 2649
Buy Zone: 2666 - 2664
SL: 2659
Sell Zone: 2687 - 2689
SL: 2694
XAU/USD 15 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
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: Bearish.
-> Internal: Bearish.
Following price has printing bearish iBOS, price has printed bullish CHoCH indicating bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 supply zone before targeting weak internal low priced at 2,536.896.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
Today Gold Analysis *XAUUSD (GOLD) TECHNICAL ANALYSIS*
*Time Frame:* 4-Hour Chart
*Current Price:* 2565
*Trend:* Bearish Reversal
*Key Levels:*
- *Resistance:* 2575 (Previous Support)
- *Support:* 2550 (200-MA)
- *Pivot:* 2563
*Indicators:*
- *RSI (14):* 45.12 (Neutral)
- *MACD (12, 26):* Bearish Crossover
- *Moving Averages:*
- 50-MA: 2571
- 200-MA: 2550
*Candlestick Patterns:*
- Bearish Engulfing Pattern
- Dark Cloud Cover
*Analysis:*
The XAUUSD pair is showing signs of a bearish reversal. The price has broken below the pivot level (2563) and is approaching the support level (2550). The RSI is neutral, while the MACD indicates a bearish crossover.
*Trading Strategy:*
- Short Sell at 2563-2566
- Take Profit Levels:
1. TP1: 2560
2. TP2: 2555
3. TP3: 2550
4. TP4: 2540
- Stop Loss: 2583
*Risk Management:*
- Stop Loss at 2583 to limit potential losses
- Consider scaling out profits at each Take Profit level
*Market Sentiment:*
- Bearish sentiment dominates
- 60% of traders are short-selling
*Fundamental News:*
- US Dollar strength weighing on gold prices
- Interest rate hikes expected
*Conclusion:*
The technical analysis suggests a bearish reversal in the XAUUSD pair. The trading strategy is to short-sell at 2563-2566, targeting 2560, 2555, 2550, and 2540. Risk management is crucial, with a stop loss at 2583.
XAU/USD (Gold) Risk On Effect This Week..As Trump gains all swing states and takes hold of congress, he has a mandate to make a lot of changes.
Investors typically view this as inflationary, as well as pro-growth.
This has fed into Markets this week and is providing a large amount of Risk On Sentiment Bias.
That means investors are withdrawing from typical safe haven assets (Gold, Yens etc) and driving into risk assets like equities, cryptocurrencies and risk currencies.
The current waning of demand on Gold comes about from USD strength (as mentioned inflationary effect) and removal of safe haven inflow.
Key levels noted below, should sentiment continue. Would only re-short on pullbacks to ride wave.
Trump's proposed policies hit gold hardGold prices have dropped 8.41% following Trump's victory, and the rationale is simple: Trump's policies are, as we've described in many places, inflationary, which will likely keep interest rates high. Realistically, with the unemployment rate already at 4.1%, attempting to boost GDP at this point will only drive inflation. These expectations are driving gold prices lower. Plus, there is the risk of de-escalation in the Ukraine and Russia war.
In the short term, the trend is bearish below Wednesday's high of $2,619, and traders will likely see a bounce toward $2,584 as an opportunity to short-sell, targeting $2,555 and then $2,528.
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Gold, strong support coming inHello everyone,
after the election in the US Gold started a sharp pullback and lost 9% within 2 weeks.
Now the price reached very strong support zones, built from former consolidations. These zones also match with order blocs on the weekly, 4H and 1H time frame (not shown on the chart).
The RSI is highly oversold and the drop was the biggest one this year. All in all I think it's time for a correction at least.
According to the Elliot wave theory we finished three waves down, the C wave was formed by a five wave move which is very common on five waves. If you are interested in the micro count, let me know in the comments.
The orange area shows the potential resistance for the larger B wave. The green support zone should ideally hold to keep the bullish trend alive and the upper zone shows the fifth wave targets. The price could easily extend to 3000 dollar before a major correction should come.
Gold Price Analysis For Next Move? Read CaptionOANDA:XAUUSD dropped from 2790 and currently trading on 2557 it will consolidate here from range of 2546-2557 and will make a rectangle pattern , once rectangle constructed it will breakout the rectangle and give the targets given in chart.
Gold have just completed its Elliott 4th Wave in Day time frame and also completed 5th impulsive wave in short time from from H1 to 5min now, now it will do corrective move in short term and 5th impulsive move in high time frame
Going short on XAUUSDStructure has broken and we have confirmation for shorts... though currently it seems to be lacking a bit of momentum but since the bull trend has concluded on the H4 we will be looking to short the lower highs and thus we mark our first entry on the confirmed breakout.
Entry: 2600
Target: 2510 & 2422
Stops: 2692
Risk to reward here is 1:2
Gold Potenital UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2600 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2600 support and resistance area.
Trade safe, Joe.
GOLD Will Keep Falling!CAPITALCOM:GOLD is falling down
After the bearish breakout
Of the key horizontal level
Of 2608 which is now a
Resistance and we will be
Expecting a bearish continuation !
now time to buy gold for nice swing Trade Description for Buy Position on XAU/USD
Position Type: Buy
Trading Instrument: XAU/USD (Gold)
Entry Price: (Please specify the entry price if you have one)
Stop Loss Level: 2524
Take Profit Level: (Consider setting a take profit level based on your target by the level on chart )
Trade Rationale: (You may include reasons for entering this trade, such as bullish market trends, economic indicators, or technical analysis signals.)
GOLD SHORT BUY ENTRY
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
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Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAUUSDLatest Analysis (As of November 2024):
Trend: Currently, XAU/USD is in a sideways or consolidation trend with strong resistance around the $2000 level and support in the $1850 area.
The RSI indicator shows neutral conditions, around the 50 level, indicating no significant buying or selling pressure.
The MACD shows a mild bearish signal, but there has been no clear crossover to indicate a new trend.
Moving Averages: The price is moving slightly below the 50 EMA, indicating short-term selling pressure.
XAUUSD: 14/11 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD:13/11 Market Analysis and StrategyGold technical analysis
Daily resistance 2710, support below 2580
Four-hour resistance 2626, support below 2580
Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways.
Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time.
SELL:2638near SL:2641
SELL:2626near SL:2730
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAUUSD : Someone said ..........XAUUSD: Big Dump On The Way, worth 1000+ pips!
And urged his followers and those willing to listen to SELL with a target @ $2,450. Then he comes up with a fancy chart with a lot of 'complicated' looking marking in it - looks legit and sophisticated.
There are 3 mistakes:
a) The price is still ABOVE the 'support' line.
b) if you look closely enough, the fall in price is most likely done. Price is already 'pivoting' UPWARDS.
c) Selling when the price had already fallen so much!!! You have already missed the boat.
Anyway, I am already BUYING.
And of course, it would do you good to stop 'following' or getting the 'advice' of those 'experts' here on TV. That includes me.
Good luck.
P/S : Bond yield says $ should weaken. Which means EURUSD will rise. If $ weakens, should XAU fall or rise? It should move in the opposite direction right?
XAUUSDXAUUSD is been on massive selloff from couple of days and almost 9% down, straight nosedive. Currently it is lurking on daily support level and seems like bulls are interested in buying gold on premium level.
The minimum upside target is 2670 which 61% retracement of last bearish leg.
