Target Hit. Hello everyone, Today I had entered short positions and Alhamdulillah got it. Happy Weekend guys📊🧠Shortby Zayn_Muaath5
Sell #GOLD 2718 - 2722💎 Sell #GOLD 2718 - 2722 💎 Stoploss 2730 Breakeven 2717.5 TakeProfit 1: 2716 TakeProfit 2: 2714 TakeProfit 3: 2712 TakeProfit 4: 2710 TakeProfit 5: 2708 TakeProfit 10: 2698 TakeProfit 20: 2678 TakeProfit 30: 2658 Trade at your own risk Protect your capital The Wizard 🧙♂️ Wednesday 12/11/2024 08:00 PM ESTShortby SmartWizardFX2
Wedgewe have possible wedge on gold now and if it want be real expect up to 2680-90, extend target up to 2725 , lets see next weekLongby Reitak2
Gold buyGold is trading in a rising wedge. Its to early for gold to brake that wege down som im expecting a rise to 2750 kext week before we go more down to 2600. Longby ScalperForLife8
trend xauusd#xauusd Gold continues to decline? Gold broke its upward channel and reached the support range of $2660. If the current support fails, the next support range is 2625 and 2600 dollars. If it stabilizes above the support range, it can move towards $2705 again.by arongroups4
adjustment - accumulate more waiting for interest rate cuts⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) finds support during the Asian session on Friday, recovering some of the previous day's pullback from a five-week high near $2,726. Safe-haven demand remains strong, driven by ongoing geopolitical tensions from the Russia-Ukraine conflict and unrest in the Middle East, as well as concerns about President-elect Donald Trump's proposed tariffs. Additionally, growing expectations that the Federal Reserve (Fed) will implement a third consecutive rate cut at next week’s December policy meeting provide further support for the non-yielding yellow metal. ⭐️Personal comments NOVA: The price recovered positively during the week around 2700, sideways and accumulated further. Waiting for information about interest rate cuts in December 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2701 - $2703 SL $2706 scalping TP1: $2695 TP2: $2690 TP3: $2680 🔥SELL GOLD zone: $2721 - $2723 SL $2728 TP1: $2710 TP2: $2700 TP3: $2690 🔥BUY GOLD zone: $2656 - $2654 SL $2649 TP1: $2665 TP2: $2678 TP3: $2690 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital accountShortby Nova-ScalperUpdated 2218
Weekly close / recapitulationTechnical analysis: Hourly 4 chart is delivering more clearer structure in times of violent market Volatility and drawdown on Stock markets such as January fractal, and that showcases that the Price-action is Trading on the #4th straight capital candle within the Neutral Rectangle on Hourly 4 chart. As long as the Daily chart’s #MA50 holds and adds durability, current Selling sentiment should be extended towards the #2,652.80 benchmark Support extension and if invalidated, a Lower High’s Lower zone should be tested near #2,627.80 in succession. The Daily chart aswell continues to Trade near healthy Selling levels and the market is just waiting for the Neutral Rectangle to break which may kick-start the aggressive takedown on Gold. I was ready to Sell Gold on spot ahead of the #2,700.80 benchmark break (as I announced the break-out itself should open flood doors towards #2,652.80 benchmark) however I was Highly satisfied with my Profit range / returns for the week and I don't mind I missed Selling sequence. DX invalidated the Short-term Support, and is dangerously approaching #106.500 Medium-term Resistance zone, so that development alone should ease Buying pressure on Gold. My position: I am comfortably on sidelines with my capital ready for fresh next week's candles to Profit upon. Weekly closing is on main stage and keep #2,652.80 as your main pointer for both Short and Medium-term. Have a pleasant weekend ahead!Shortby goldenBear8815
GOLD - Short term reversal after touching strong ResistanceHi dear traders,currently I am looking into a short term correction over gold, hence currently there is quite a lot of positive volatiltiy generated within the Stock & Index market. Additionally with the closure of the Syrian problematic goverment I can see people ease off and liquidate some money from the Safe Heaven Assets and look into boosting and preparing for the Christmas Rally! Entry : 2,711 Target 2,690 Stop loss : 2,728 RR - 2.20 ~ As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!Shortby DG55CapitalUpdated 3
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684. Fundamental Insight Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum. As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs. Technical Outlook On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are: Resistance: $2,720 Support: $2,689 and $2,610 A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders. Stay tuned for more trading insights and strategies!by InwardTrader119
Xauusd M30 Gold (XAU/USD) Market Structure Analysis - In-Depth This chart represents the 30-minute timeframe for Gold (XAU/USD), focusing on market structure, price action, and key levels. Below is a breakdown of each key component: 1. Market Structure Analysis ChOCH (Change of Character) ✅: A Change of Character occurs when the market shifts from bearish to bullish or vice versa. In this chart, ChOCH is marked with a ✅ where the price reverses direction and creates a new higher high or lower low, signaling a potential shift in market sentiment. For example: The ChOCH after the strong low ($2,613.377) marks a change from bearish to bullish. Break of Structure (BoS) ❌: BoS indicates when price breaks through a significant swing high or swing low, confirming the continuation of the current trend. In this chart, the BoS levels are marked with ❌ to highlight where price breached key structural points. BoS examples include: The breakdown of earlier support zones confirms bearish momentum. The break of the strong high later shows an attempt to push bullish before failing. 2. Key Levels Supply Zones (Resistance - Green Highlighted Areas): These zones are marked at the points where the price rallied and then reversed downward. They act as supply areas where sellers are active. Examples include: The zone near $2,720 - $2,730 (Strong High), where price faced resistance and failed to sustain further upward movement. Demand Zones (Support - Green Highlighted Areas): Demand zones are marked where price dropped and then reversed upward, indicating strong buyer interest. Examples include: The zone near $2,613.377 (Strong Low), where price formed a bottom and reversed. The intermediate demand zone near $2,640 - $2,650, which initially supported price before breaking lower. Strong High ($2,726.992): This is a significant swing high where price peaked but failed to continue higher. The failure to hold above this level confirmed that sellers dominated this area, pushing the price back down. Strong Low ($2,613.377): This is a significant swing low where price found strong demand and reversed upward. This level represents the most recent bottom before the bullish ChOCH occurred. 3. Trend and Price Movement Initially, the market was in a bearish trend, breaking key support levels (BoS). The strong low near $2,613.377 created a demand zone and a ChOCH, which initiated a temporary bullish reversal. The price then rallied toward the strong high at $2,726.992, breaking through intermediate supply zones on the way up. After reaching the strong high, the price faced strong resistance and reversed sharply, marking a key failure swing. Subsequent price action shows the market breaking back through previous demand zones, confirming a return to bearish structure. 4. Key Observations Bearish Momentum: The rejection at $2,726.992 (Strong High) and consecutive BoS levels indicate a bearish continuation. Key Demand Zone Tested: The demand area near $2,613.377 remains critical for potential reversals or continuation downward. ChOCH and BoS Significance: ChOCH signals trend reversals, while BoS confirms trend continuation. Together, they provide clarity on market direction. Conclusion This chart highlights the importance of: Market Structure: Tracking ChOCH and BoS levels for trend changes. Supply & Demand Zones: Identifying areas of interest where price reacts strongly. Key Levels: Monitoring significant highs ($2,726.992) and lows ($2,613.377) for trend continuation or reversal signals. Overall, the market shows bearish signs after failing to sustain above the strong high and breaking back through demand zones. Traders should watch for price action near the strong low ($2,613.377) to determine if buyers will step in or if bearish momentum continues.by sufyanmirzaw1
Gold directionMy view of gold is that it still has a chance to climb. We can see it break level 2729. From there, it will go to level 2790.by wolf_fx_trader220
BUY GOLD TO 2690Hi traders would like to share my forecast for XAUUSD Hope you have profitable tradeLongby Aziztvt221
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top. What are your thoughts? Let me know in the commentsLongby ImtherealSaman2210
GOLD BUYHi Traders What are you thinking About GOLD. This Price seems in Buy Side To Top. Resistance Zone 2700 Support Zone 2663/58 Price will Test Support After Again Rise. Lets Like and Share Your Minds In Comments .Longby majestic_Gold_Traders2
XUAUSDXAU/USD, commonly referred to as gold against the U.S. dollar, is a key instrument in the financial markets that reflects the price of gold in terms of the dollar. It serves as a critical barometer of global economic health and investor sentiment, often acting as a safe haven during periods of market volatility or economic uncertainty. Gold’s price is influenced by factors such as interest rates, inflation, geopolitical events, and movements in the U.S. dollar, which typically has an inverse relationship with gold. XAU/USD is a favorite among traders seeking to hedge against risks or capitalize on market trends.Longby HavalMamar1
GoldXAUUSD ( Gold / U.S Dollar ) Double Top Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frameby ForexDetective10
XAUUSDXAU/USD, which represents the price of gold against the US dollar, is a widely traded asset in the financial markets. It is often influenced by factors such as interest rates, geopolitical tensions, and economic data. Traders consider it a safe-haven asset, particularly during periods of uncertainty, making it a key indicator of market sentiment.Longby HavalMamar112
gold bearishIt created an RSI divergence on the gold chart. At the same time, this divergence received a harsh reaction because it coincided with a resistance. I think the price will decline to TP levels in order next week.Shortby foxforex32
Gold on killing streakMarket completed its inverse M pattern and gives the retest of its bottle neck which we grab the opportunity of 300 pips yesterday. What scanarios we have now? As i entered on bearish volume trade from 2668 area with very strict stoploss of 2671. My optimal traget will be 2652 area for today. Shortby Forexmaestro121110
Gold trading opportunitiesFocus on trading around the red area. If it falls to the green area, there is a high probability of a rebound, which can be used as a key buying opportunity.Longby TradingGuide_Dean4
XAUUSDLooking at this chart shows a double-top pattern and implies that we will probably experience an ignoring price below $2600.Shortby Ahmad_Emami110
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high Regards R. Linda!Shortby RLinda1149