XAUUSD ready for next leg UP!Hi fellow traders, XAUUSD is ready to make a move higher from the blue box after completing the flag correction. Target the 2806.01 level. Good luck and trade safe!
XAUUSDG trade ideas
Gold Bulls Alert: Key Support Holds, XAU/USD Prepares for UpsideOverview:
The chart highlights recent price action in XAU/USD, with a potential bullish scenario following a consolidation phase. The key points of interest include a strong support zone and potential levels for price reversal and continuation.
Key Levels:
Support Zone: The shaded region around 2,736 indicates a significant support level, where price has bounced multiple times. This suggests a strong buying interest at this level, which could serve as a base for an upward move.
Resistance Zone: The horizontal line near 2,754 marks an immediate resistance level. If the price reaches this level, it may encounter selling pressure, leading to a potential short-term pullback.
Price Structure and Projections:
Consolidation at Support: Price has tested the support zone multiple times, showing signs of stability. This suggests that buyers are likely stepping in at this level, preventing further declines.
Possible Pullback: If price approaches the 2,754 resistance, a short-term pullback may occur. This is common as traders take profits, and sellers attempt to regain control at a previous high.
Bullish Breakout Scenario: If price successfully breaks above 2,754, it could signal a bullish breakout. In this case, the next move could target higher levels around 2,780 or beyond, as indicated by the upward arrow.
Conclusion:
Given the current structure, XAU/USD appears poised for a potential bullish reversal if support at 2,736 holds and price manages to break above the 2,754 resistance. Traders might consider waiting for a confirmed breakout or pullback as entry opportunities, with a cautious approach around key levels.
Short-term recovery for a stronger downward correction⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) sees new selling pressure during Tuesday’s Asian session, dipping to over a one-week low near $2,725-2,724, though the downside appears limited. The uncertainty around the tight US presidential election and potential escalation of Middle East tensions could keep supporting this safe-haven asset.
Additionally, the unwinding of "Trump trades" and expectations that the Federal Reserve may cut rates further due to a slowing US labor market have pushed US Treasury yields lower. This has prevented the US Dollar from extending its overnight recovery and may continue to limit any significant pullback in Gold prices.
⭐️Personal comments NOVA:
The downward adjustment trend still maintains the H1 and H4 frames. If you want a stronger decrease - a short-term recovery in the downtrend in the price range 2747 - 2761 is more expected. Current selling volume is slowing down due to support zones blocking it
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2748 - $2750 SL $2753 scalping
TP1: $2743
TP2: $2737
TP3: $2730
🔥SELL GOLD zone: $2762 - $2764 SL $2769
TP1: $2750
TP2: $2730
TP3: $2717
🔥BUY GOLD zone: $2716 - $2714 SL $2709
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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 account
GOLD-Trade Plan-04/11/2024Dear Traders,
Gold prices continue to exhibit a downward trend on both the 1-hour and 4-hour charts. Considering the significant selling pressure experienced last week, it is highly probable that the price will dip to test the 2700 level. If this level acts as a support, we can anticipate a minimum price rebound of 600-700 pips. However, if the 2700 level is breached, the subsequent targets would be 2660 and 2600. Given the ongoing geopolitical tensions in the Middle East, I anticipate a period of price consolidation rather than a sustained price decline.
Dont Forget like&Comment please !
Regards,
Alireza!
ELLIOT WAVE ANALYSIS-MORE BULL RUN AHEADSDear Traders,
Gold price is in correction and forming wave (iv).
After that it will lead an impulse wave (v) which will be our priority to open position.
XAUUSD Short Position
Today is the U.S Presidential Election Day. With the moving averages on a 1 hour timeframe curving downwards, there is an 80 percent chance of Donald Trump winning the election, thus strengthening the U.S Dollar and drastically reducing the price of Gold to as low as 2685.Gold could reach the Resistance zone at 2746 before a waterfall later in the day.
XAUUSD Plan day (5/11/2024)
SET UP GOLD PRICE:
Sell GOLD zone: $2746 - $2748 SL $2751
TP1: $2735
TP2: $2725
TP3: $2710
Buy GOLD zone: $2695 - $2697 SL $2690
TP1: $2705
TP2: $2715
TP3: $2720
Buy GOLD zone: $2685 - $2687 SL $2680
TP1: $2690
TP2: $2700
TP3: $2710
What will happen to gold after the U.S. election?After Trump was elected in the U.S. election, gold went through a wave of decline. It once retreated to around $2,702, and then moved back to the 2,732 position. It fell as fast as it rose!
Gold rebounded after retreating to 2701. Pay attention to the pressure positions of 2734 and 2745.
Correction down for goldHi traders,
Last week XAUUSD did exactly what I've said in my outlook. After a small correction it continued up again and dropped after it reached the 1.272 fib extension of wave 3 (orange).
For next week we could see the continuation of a bigger correction down to finish wave 4 (blue).
Let's see what price does and react.
Trade idea: Wait for a (small) correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Gold price analysis November 4Fundamental Analysis
Gold prices traded in positive territory on Monday. The US presidential election risks and ongoing geopolitical tensions in the Middle East are likely to support the yellow metal, a traditional safe-haven asset, in the near term. However, renewed demand for the greenback and higher US bond yields could limit gold’s upside as higher yields make non-yielding assets such as bullion less attractive by comparison.
Investors will be closely watching the upcoming US presidential election on Tuesday. Attention will turn to the US Federal Reserve’s interest rate decision on Thursday. Uncertainty over the US election outcome is one reason why markets are betting on the Fed cutting interest rates by a conventional 25 basis points (bps) on Thursday, rather than repeating its excessive half-point easing.
Technical Analysis
Gold prices were trading sideways in a narrow range at the start of the week. The 2748 and 2728 borders are still guaranteed in today's Asian and European session. We still have to depend on the market volatility to choose the price border zones to trade. The support zones of interest are 2718, 2709. The upper border is noted around 2760 and 2780. When the price breaks out of the 2728 support zone, the main strategy will be to wait for SELL when the sellers have won the market. Wish you a successful trading day.
XAUUSD 2.695.08 -0.44% INTRADAY MULTI-TF SETUPHELLO TRADERS
Hope everyone is doing great
📌 A look at GOLD At the close of ASIA INTO THE LONDON, TO NY PM SESSION
- As we draw to the close of the week, looking for GOLD to close bullish.
* on the 4H looking for a bearish open with the close of ASIAN SESSION.
* PO3
* Push LOWER before going for HIGHER structures LQ pull.
1 HOUR TF
* Looking for the mitigation of the bullish OB+.
* FVG below has already been mitigated.
* if this structure holds, looking for long entries to close the week.
* BASED on the price action served next session...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
|
* ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Market Analysis: Gold Price Takes HitMarket Analysis: Gold Price Takes Hit
Gold price is declining below the $2,700 support zone.
Important Takeaways for Gold Price Analysis Today
- Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar.
- There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared.
The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone.
The price is now consolidating losses near the $2,660 level. Immediate resistance on the upside is near the $2,668 level or the 23.6% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low.
The next major resistance is near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low at $2,708.
There is also a key bearish trend line forming with resistance at $2,725. An upside break above the $2,725 resistance could send Gold price toward $2,760. Any more gains may perhaps set the pace for an increase toward the $2,780 level.
If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $2,645 level. The first major support is $2,635. If there is a downside break below the $2,635 support, the price might decline further. In the stated case, the price might drop toward the $2,620 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing.
Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing.
⭐️Personal comments NOVA:
Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping
TP1: $2750
TP2: $2740
TP3: $2730
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2732
TP3: $2740
⭐️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 account
GOLD NEXT MOVE (expecting a bearish move) (11-10-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (11-10-2024)
Current price- 2653
"if Price stays below 2670, then next target is 2643 and 2630 and above that 2690 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
Gold price drops - stabilizes by the end of 2024XAU / USD trend forecast November 7, 2024
Gold dropped to a three-week low below $2,700 per ounce on Wednesday following the 2024 US Presidential election, with former President Donald Trump’s win strengthening the US Dollar and Treasury yields. XAU/USD saw a decline of over 2.5%, trading around $2,667 at the latest.
Market uncertainty has eased, as Trump’s victory was more decisive than anticipated. Additionally, the Republican party secured majorities in both the Senate and the House of Representatives, completing a “red sweep.”
Gold price dropped sharply to 2644, strong downtrend. Still in the upcoming downtrend, ending the price increase cycle of previous months.
/// SELL XAU : zone 2682-2685
SL: 2690
TP: 50 - 150 - 300 pips (2655)
Safe and profitable trading
XAUUSD GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves, " A " Corrective Waves and making its " B " Corrective Wave in a Consolidation in Short Time Frame. Strong Bullish Divergence in RSI. Need to wait until it Breaks and Retest its Extreme Point of Interest ( POI ) and Complete its Order Block
Gold Gold is at a swing low where there is a demand area and also QML setup with a bullish Engulfing CS..So we will be bullish with Gold
Gold's Move on Monday.We have captured the next move of gold in between support and resistance.
Our analysis says if market breaks support it will go in sell but if gets reversal then it will go in buy.
Gold sell 2710 2605 sl 2724Xauusd sell 2710 to 2708 sl 2724 tp 2600 gold is in stron sell usdjpy long as well use alternatives to earn more it is quit easy *Today Imp Levels*
7th Nov 2024
Gold Selling Area: (R1,R2,R3)
👇👇👇👇👇👇👇👇👇
R3. 2726-2730 (STRONG SELL)
R2. 2703
R1. 2691
CP. *2663.8*
S1. 2643
S2. 2620
S3. 2606-2602 (STRONG BUY)
👆👆👆👆👆👆👆👆👆
Gold Buying Area: (S1,S2,S3)
*Gold Trend Buy*
Trend change
If Weekly closing Blow *2680*
*TIP OF THE DAY*
Looking buying from S1.S2.S3
Sell only from R
R1.R2.R3
So make a plan for better trade using SL
Zone to zone trade is more safe
CP above Buy and Down sell
XAUUSD GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves at Fibonacci Level - 78.60%.
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line and Extreme Point of Interest ( POI ). Strong Divergence
XAUUSD 2738 +0.08% SHORT IDEA PRICE ACTION MULTI TF ANALYSIS HELLO TRADERS
Hope everyone is doing great
📌 A look at GOLD from HTF - MULTI TIME-FRAME ANALYSIS
GOLD DAILY TF
* Still in a strong bullish momentum, with Friday coming with some signs of bearish sentiment.
* The weekly & daily TF show signs of bullish continuation on Gold.
* As Gold took internal range LQ, looking for that external range LQ to be taken.
* Friday closed leaving a FVG- This is where I would be looking for long entries.
* With PO3 looking to open bullish to confirm a move lower on GOLD.
GOLD 4H TF
* Looking for the week to open bullish because our HTF BIAS is BULLISH (PO3) .
* WEEK open I will probably be looking for short positions before looking long.
* We will see what does the market dish.
* On the hourly ERL > IRL.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,BOOST & LETS TAKES SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT SOPPORT BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
BREAK OF STRUCTURE ON GOLDPair was breathing. Bullish momentum building up now. Break of bearish structure.
XAUUSD BEAR Yes there is a higher entry for the bear but here is exactly what you will need for structure...
I will update as we go, but we have the current level listed as Bi-Directional for a reason...
We need to break 2725 (Target 1) to confirm lower targets.
