Xauusd going short in my opinionTapped 4H FVG and got rejection twice, US Elections etc i think avoiding trading is best for few days and i am not a financial advisor etc do your own research before making any decision
XAUUSDG trade ideas
XAUUSD_4HAnas is in an upward trend, the important number of this week is 2750 dollars.
If this number is maintained as resistance, we will have correction towards the number of $2715, which is an important range and can return to the new upward trend.
Any downward correction can be identified as a buying opportunity.
Gold -Trade Plan 07/11/2024Dear Traders,
Gold has broken through its upward trendline, indicating that we have entered a corrective phase. I anticipate a pullback to the range area, followed by a continuation of the downtrend."
Dont Forget Like&Comment please !
Regards,
Alireza!
HelenP. I Gold will make small correction and then continue riseHi folks today I'm prepared for you XAUUSD analytics. If we look at the chart we can see how the price some days ago rebounded from the trend line and rose to support 2, which coincided with the support zone. Then the price broke this level and then continued to move up, until it reached 2680 points, after which it turned around and made a correction movement to the trend line. When Gold reached this line, the price broke it and dropped to support 2, but soon turned around and in a short time rose to the trend line and even made a gap. Then price some time traded near the trend line and later broke it. After which Gold reached support 1, which coincided with one more support zone, broke it, and rose even higher in this area. But sometimes, the price fell to the support zone, and now it rising. For this case, I expect that XAUUSD will make small correction and then continue to move up, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
Maybe we should keep selling!!Maybe we should keep selling!!
What are your thoughts on GOLD?
After a sharp drop yesterday and breaking below its ascending channel support, gold has now stabilized slightly. It is expected that after a correction and pullback to the broken support level, gold may resume its downtrend towards specified lower levels.
XAUUSD-ABCD Bearish Pattern, gold price may fall to 2320XAUUSD-ABCD Bearish Pattern, gold price may fall to 2320
Hello, friends, Gold hit a new high and in the process, It seems Gold has formed an ABCD pattern indicating a bearish Swing setup. From the pattern, we can expect the target to be 2320.
TP and SL are marked
Do not over risk
Do your analysis before taking this trade
Good luck to you
XAUUSD H1 MARKET OUTLOOK AHEAD OF NFP REPORTPrice trades at 2749.28 ahead of the NFP report coming up later in the day. Price maintains a bullish-like structure and We may likely see price trade higher during the news release. We’re having a consensus that suggest worse than expected scenario for USD which will make gold trade more bullish
XAUUSD - Where to next for gold?Most of you who know me know i have been posting this particular chart for months now and 2775 was always the target of current htf range (wicks above expected).
2775 was reached and price backed away from it for the weekly close.
If we look back at previous ranges this could entail a full range retrace back to 2615... first i will be looking for price reaction approx mid range around the 2700 area.
XAUUSD 3/11/24We have a short bias on gold this week, mainly to establish a better price level in case the market decides to move higher again, based on the daily timeframe gap. This is the first bearish gap in over a month, which indicates a strong chance for a possible sell-off.
We’ve marked the lows, and currently, there are no unmitigated areas of demand. Given our bearish bias, this is expected, as previous areas of demand or support are likely to be broken, allowing the price to reach a more favorable level for future buying opportunities. There’s also an area of supply marked above, which could push the price lower. However, we're primarily looking for a short-term sell-off, with a longer-term expectation of reaching all-time highs again, driven by strong fundamentals supporting gold.
This pullback is likely a temporary correction in the overall uptrend. Since we haven’t seen a pullback in a while, a correction is ultimately inevitable. Where it will end and turn bullish again is uncertain.
This week, our focus is on the liquidity levels marked for potential reactions. Trade based on current price action and follow your plan. Stick to your strategy, manage your risk, and consider the supply area as a possible point for selling into the lows.
Follow your plan and stick to your risk.
XAUUSD long term So guys here is my personal analysis on gold weekly time frame
There’s 3 major levels(2472-2295-2185) and 1 minor level (2607)
So we can say trump won the election and he promises to reduce the inflation rate
So if gold breaks the minor level we can easily see the market at 2472 for the short term and at 2295 med term and also we can see a retracement at 2185 (0.618 Fibonacci retracement)and it can then resume its bullish trend
XAU/USD Analysis: Gold Price Chart Displays Bearish SignalsXAU/USD Analysis: Gold Price Chart Displays Bearish Signals
Analysing the XAU/USD chart on October 18, we:
→ Established a long-term upward channel (indicated in blue);
→ Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel.
Since then:
→ The gold price rose to the upper red line and the top of the blue channel,
→ But then experienced a bearish reversal, dropping sharply on October 31 amid economic news.
Today, technical analysis of the XAU/USD chart shows several bearish signals, specifically:
→ Gold has moved into the lower half of the blue channel, crossing below its midpoint—indicating supply pressure;
→ The $2757 level has once again acted as resistance (marked with arrows);
→ A bearish "Head and Shoulders" pattern (SHS) is forming on the chart.
A central question for November will likely be whether bulls can keep the gold price within the ascending channel. The channel’s lower boundary may serve as a support level.
However, it’s possible that, with new developments in geopolitics and macroeconomics, the XAU/USD chart will continue to display price action within a more defined downward channel.
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.
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Our 1H chart is idea playing out perfectly, as analysed!!
As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range.
We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGETR
2746 - DONE
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752 - DONE
2762 - DONE
BEARISH TARGETS
2736 - DONE
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 (DONE) - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
2789.8! New gold heights!Gold prices hit a new high in Asian trading on Wednesday as uncertainty over the US election and ongoing conflict in the Middle East boosted demand for safe-haven assets. In addition, the slight decline in U.S. Treasury yields and the weakness of the U.S. dollar further supported the precious metal, outweighing optimistic market sentiment, which typically limits gold's appeal.
Judging from the market ahead of the U.S. presidential election on November 5, the upward trend continues. The target price range is 2787-2800
Sell 1: 2787-2789
SL: 2792
TP1: 2785
TP2: 2780
TP3: 2770
Sell 2: 2801-2803
SL: 2808
TP1: 2795
TP2: 2780
TP3: 2760
Buy: 2755-2757
SL: 2750
TP1: 2762
TP2: 2770
TP3: 2780
SUPPORT AND RESISTANCE OUTLOOKIn this analysis we are focusing on 1H time frame for GOLD. I'm looking potentially buy trade opportunity today, by using support and resistance and price action. And we are using volume and RSI indicator. Let's see what happens and which trade opportunity market will give us. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
This is just my analysis or prediction.
#XAUUSD 1H Technical Analysis Expected Move.
XAU/USD : Ready for more LONG ? (READ THE CAPTION)By analyzing the #Gold chart in the 15-minute timeframe, we can see that gold is currently trading around the $2780 level. If it holds above this level, I expect further upward movement. The potential targets for this rise are $2784, $2787, and $2790.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD:5/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2716
Four-hour resistance 2800, support below 2730-16
Gold operation suggestions: Gold was flat in volatile trading yesterday. The price of Asian and European sessions was under pressure at the 2744 mark and gradually weakened. The European session fell back and stabilized at the 2732 mark and rebounded. The US session broke through the 2748 line for the second time and was under pressure and weakened. It finally closed at around 2736. The overall gold price was further under pressure at the 2750 mark and ushered in a suppressed volatile adjustment.
From the current technical level of the daily line, the upper resistance is near the 2800 integer mark, and the lower short-term support is around 2716.
With the advent of the US election risk event, the market is relatively stalemate. For the time being, it is still mainly short-term fast in and out. The upper pressure is 2750. The rebound below 2750 is still maintained during the day. Continue to pay attention to the gains and losses of 2730. The rapid rebound after the Asian session pierced proves that there is still a certain amount of bargain hunting buying below. We need to be cautious today. Note that 2730 has been tested for 6 times in a row. The support is gradually weakening. If it approaches 2730 again, it is also likely to accelerate the decline. In the face of the US election in the near future, the market volatility may be relatively fast. Investors are requested to pay attention to risk control, stay vigilant and pay close attention to the latest news changes.
BUY:2717near SL:2714
BUY:2727near SL:2724
SELL:2750near SL:2754
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 CONFIRM SIGNALSO now we are going to trade in range easy 340 pips trade range we can take sell from
2722 and 2740 and our target will be 2706
340 pips
BEST OF LUCK GUYS
XAU/USD 4-8 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Analysis/bias remains the same as last week's analysis dated 27 October 2024
Price has continued its surge, reaching new all-time highs with no signs yet of bearish pullback phase initiation.
The initial indication of a pullback would be a bearish Change of Character (CHoCH), marked by a blue dotted line. Price's ongoing ascent has now positioned CHoCH significantly closer to most recent price action.
Weekly Chart:
Daily Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Gold's price has maintained its upward surge after printing a bullish Internal Break of Structure (iBOS), fueled by softer U.S. macroeconomic data and intensified geopolitical tensions.
In my weekly analysis dated 27 October 2024, I mentioned that price could potentially reach new highs, moving the bearish CHoCH positioning closer to current price. This shift would create a realistic opportunity for price to indicate the start of a bearish pullback phase.
This forecast played out as expected, with CHoCH positioning now significantly nearer to recent price action, marked by a blue dotted vertical line.
Following the bullish iBOS, a bearish pullback is anticipated. While price is currently giving very early signs of this by printing a higher high that has brought the CHoCH positioning closer, this is still an indication, not a confirmation of a potential pullback. The first more concrete signal of a pullback would be a bearish Change of Character (CHoCH).
Daily Chart:
H4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
XAUUSD selling zones XAUUSD selling zones from the support 2736 and our first support line is 2715
and our second suppport is 2715
and the last support 2705
and our sl point is 2745
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666.
Technical analysis:
Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line.
At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend.
BUY:2660
First target 2680
Second target 2700
Third target 2720
XAUUSDXAUUSD price is in the correction phase. Now the price is near the support zone 2689-2675. If the price cannot break through the 2675 level, it is expected that the price will rebound. Consider buying the red zone. (Very Risky Trade)
🔥Trading futures, forex, CFDs and stocks carries a risk of loss.
Please consider carefully whether such trading is suitable for you.
>>GooD Luck 😊
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XAUUSD Hitting 44 year ResistanceGold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline.
Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information.
I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position.
Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th
