Gold Short Sell Before US SessionFew months has backed up Gold for new ATH. I did not expect Gold to be further down yet. So based on current M5, this sell only until price around 2771 / 2770 and then I am expecting Buy until 2800.
XAUUSDG trade ideas
Closing my Selling order / #89 Profits rowAs discussed throughout my morning's commentary: "My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal. "
I have closed my Selling order (#2,770.80 - #2,752.80) on a fine #18-point Profit extending my results rage to #89 Profits row and #19 Stop-loss hits regarding January - October cycle. Indeed Selling sequence lasted more however due Bull Medium-term, I did decided to close my order earlier that expected. Regardless, I have closed also my both Medium-term Buying orders on #2,790.80 which I will announce in my morning's commentary. Congratulations on Profits!
If the gold versus spx chart breaks out...If the gold versus spx chart breaks out:
1) Higher likely hood of market topping
2) Higher likely hood of market crashing
3) Higher likely hood of a recession
4) Higher likely hood a precious metals bull era
#gold #spx #nasdaq #recession #marketcrash
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,757.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,755.30.
Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
GOLD SHORT TO $2,540 (1H UPDATE)Even though Wave 5 is overextending more than I thought, market structure is still valid for short positions. Wave 5 can push up as high as $2,800 in the mid term so don't be surprised by any further upside.
U.S. Elections in a few days, so let's see how price action shapes up prior to the main event!
30 Oct - Ranging, but buy biasConsidering the 1H, 4H and 1D overlapping buy zones, it confirms that a drop below this area will be very difficult, and for this reason I am planning for this movement
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze:
The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788.
Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target.
Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738.
Key Levels:
Pivot Point: 2781
Resistance Levels: 2790, 2804, 2816
Support Levels: 2769, 2758, 2738
Trend Outlook:
Correction til 2769 or 2758
Above 2788: Uptrend
Under 2758: Downtrend
Short to support Area At this level, buyers are losing momentum, and you can confidently short gold down to the support area. From there, we’ll look for buying opportunities
Gold's analysis - 30 Oct 2024Gold has reached upper level of the ascending daily zone.
Our recommendation;
Sell Gold @ 2780
Stop loss at 2805
Take Profit @ 2720
Pullback incoming!As the yellow metal is in a bearish momentum, a bullish pullback would be imminent! Alterntaively, stability above 2714 will spearhead the move up. Any of the resistance barriers will be of key significance to facilitate a pullback depending on where price action settles. However, a break and stability of 2714, will likely see selling continuation.
Gold (XAU/USD) Technical Analysis Update – 31 October 2024Gold has displayed impressive bullish momentum, recently reaching an all-time high of 2790.120 on October 30, 2024. This significant level was achieved just one day after breaking through previous highs at 2758.52 on October 29. With this aggressive upward trend, Gold continues to showcase strength in the face of global market uncertainty, signaling strong demand.
Analyzing the 1-hour timeframe, we observe that the price is trading within an ascending channel pattern. This setup indicates a steady upward trend, with the potential for price pullbacks that may create new higher lows along the way. This pattern suggests that Gold is likely to continue its upward movement after minor corrections, with the next key resistance level in sight at 2800.000.
Traders should monitor this level closely, as a break above 2800 could indicate further bullish extension. However, it's crucial to watch for any pullbacks that may test previous support levels within the channel, presenting potential buying opportunities.
Trade safely and stay wise! Always ensure your risk management strategies are in place. Gold’s high volatility can bring both significant gains and risks. Stay updated, stay prepared, and may your trades be profitable.
Gold Market Update: Hovering at Record High of $2780/ounceGold is hovering at a record high of $2780 per ounce and is projected to seek stronger demand, testing the $2750 level. Meanwhile, with the DXY market plunging to complete its bullish wedge, gold may continue its upward momentum as it builds a new support base around $2750. follow for more insights , comment , and boost idea thanks
I went short Gold at 2735.83. It just happended....!
I really was not on the front foot to Short gold or silver so early in the week, it just happened because a report came in on tradingview news that the middle east situation is contained more so than open war-fare and the Gold chart was begging to be shorted because there was no buying and the gold-ghost was taking a break resting under a moving average. Sorry buddy, your shorted!
Will see how it goes. Not sure what economic news is on today in the USA but I will soon find out.
Other Long trades I am on include GBPUSD, GBPCAD is looking to really break out in the Monday sessions and I am also Short on AUDUSD which I think is starting to become in-the-money. Have a good trading day and remember 'greed normally means losing money not making it'. Chris
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
XAUUSD near 2800$ resistance wait for pump below 2500$As we a lot price now is receiving resistance of trendline sell pressure + 2800$ to 2850$ resistance zone and we are looking for heavy dump here like the red arrows on chart also remember that any more war news and ... can pump price suddenly and then start of correction and fall is expected.
DISCLAIMER: ((trade based on your own decision))
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GOLD SHORT POSITION I found a short position on Gold. Im currently at breakeven. I had to chase Gold a little. Risk Management is Key here.
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release.
Pre-Data Release Gold Trading Strategy:
Entry Range: Short gold between 2780-2782
Take-Profit Target: 2772
Stop-Loss: 2790
Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Order Block
Resistance Level
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2739
Four-hour resistance 2800, support below 2772
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
BUY:2772near SL:2769
BUY:2750near SL:2747
BUY:2740near SL:2737
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
We continue to go long on gold todayGold continued to close strongly and stabilized at 2740. From the current market, gold bottomed out and rebounded, the bullish trend remains unchanged, and there is still room and demand for further rise. Today, gold focuses on the support below at 2731. If it falls back and relies on this support, it will continue to go long!
Gold fluctuates back and forth at high levels. Gold has not been persistent recently and has been fluctuating at high levels. The 1-hour chart fluctuates at high levels. It is not meaningful to chase more now. The resistance space of gold's previous historical highs is limited. If gold breaks through the resistance of the historical highs, then it will fall back and go long. If the resistance of the historical highs is under pressure, then gold does not rule out another high and fall back, and continue to fluctuate, waiting for Friday's NFP data to find an opportunity to break through.
Trading strategy:
Today, pay attention to 2735~2731 for support and go long. We continue to be bullish on gold today and be cautious about shorting.
Gold - Correction Dawnwards #trading_idea 🔔
👑#Gold- More Correction Downwards
💰 Gold is testing support at 2778. There is more divergency with Momentum indicator and the price slide under trendline and MA(20).
Suggestion:
🔽Sell.
🎯 TP at 2770
🔴 Click "❤️" if you agree with this idea and "👎" if you think it will fall.
➡️➡️ TRY SABIOTRADE NOW
