Gold needs to drop for broader market expansionGold needs to drop for broader market expansion. Crypto is doing well but gold really needs to drop hard before crypto can expand.
XAUUSDK trade ideas
What is Confluence ?✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to find confluence — but oftentimes the result is conflicting signals. This can cause a lapse of confidence and a great deal of confusion. Some traders add more and more signals the less confident they get, and continue to make the problem worse for themselves.
✅ Confluence is very important to increase the chances of winning trades, a trader needs to have at least two factors of confluence to open a trade. When the confluence exists, the trader becomes more confident on his negotiations.
✅ The Factors Of Confluence Are:
Higher Time Frame Analysis;
Trade during London Open;
Trade during New York Open;
Refine Higher Time Frame key levels in Lower
Time Frame entries;
Combine setups;
Trade during High Impact News Events.
✅ Refine HTF key levels in LTF entries or setups for confirmation that the HTF analysis will hold the price.
HTF Key Levels Are:
HTF Order Blocks;
HTF Liquidity Pools;
HTF Market Structure.
Gold 1H Intra-Day Chart 19.11.2024Here is what I am looking for next;
Gold prices dip lower $2,600 zone as prices are overbought. The VRVP also shows there is little volume left from buyers so the least we should see is a retracement down now.
Prop Trading - All you need to know !!A proprietary trading firm, often abbreviated as "prop firm," is a financial institution that trades stocks, currencies, options, or other financial instruments with its own capital rather than on behalf of clients.
Proprietary trading firms offer several advantages for traders who join their ranks:
1. Access to Capital: One of the most significant advantages of working with a prop firm is access to substantial capital. Prop firms typically provide traders with significant buying power, allowing them to take larger positions in the market than they could with their own funds. This access to capital enables traders to potentially earn higher profits and diversify their trading strategies.
2. Professional Support and Guidance: Many prop firms offer traders access to experienced mentors, coaches, and support staff who can provide guidance, feedback, and assistance. This professional support can be invaluable for traders looking to improve their skills, refine their trading strategies, and navigate volatile market conditions.
3. Risk Management Tools: Prop firms typically have sophisticated risk management systems and tools in place to help traders monitor and manage their exposure to market risks. These systems may include real-time risk analytics, position monitoring, and risk controls that help traders mitigate potential losses and preserve capital.
4. Profit Sharing: Some prop firms operate on a profit-sharing model, where traders receive a share of the profits generated from their trading activities. This arrangement aligns the interests of traders with those of the firm, incentivizing traders to perform well and contribute to the overall success of the firm.
Overall, prop firms provide traders with access to capital, technology, support, and learning resources that can help them succeed in the competitive world of trading. By leveraging these advantages, traders can enhance their trading performance, grow their portfolios, and achieve their financial goals.
GOLD Will Move Higher! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2,563.433.
Considering the today's price action, probabilities will be high to see a movement to 2,641.101.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
How long can this gold rally last?From the overall trend, the current market is a return to the main rhythm. The decline from 2790 to 2537 is just an adjustment in the rising process. Looking back at the rise from 1984 to 2790, the space was as high as 800 US dollars. In comparison, the retracement of about 250 US dollars this time is only about 30%, which is a normal adjustment. And usually, the larger the adjustment, the larger the subsequent rise. As we have always said, the larger the decline and the longer the decline cycle, the larger the space for rising and the longer the rising cycle. Therefore, for the next market, we have reason to believe that the position of 2790 will be broken sooner or later. It has been reminded many times before that this round of retracement is the last opportunity to get on the band this year. It is "the bull turns back" rather than "the bull is lost." The 1-hour moving average of gold continues to form a golden cross and an upward bullish divergent arrangement. The gold bull market has not ended yet and there may be higher points. After falling back to the 2685 support line on Friday, gold stabilized and rose. If gold falls back to 2685 next week, it will continue to go long on dips. If gold falls back to 2690 next Monday, it will continue to go long. On the whole, the short-term operation strategy for gold next Monday is to go long on pullbacks and short on rebounds. The short-term focus on the upper side is the 2750-2760 resistance line, and the short-term focus on the lower side is the 2685-2690 support line. Friends must keep up with the rhythm
Strategy 1: Short (buy down) 20% of the position in batches near the rebound of gold around 2750-2755, stop loss 6 points, target around 2730-2710, break to see the 2690 line
Strategy 2: Go long (buy up) 20% of the position in batches near the pullback of gold around 2690-2693, stop loss 6 points, target around 2725-2745, break to see the 2755 line
Gold- In search for a bottomTrading OANDA:XAUUSD has been nothing short of a roller coaster since early October.
Initially, it seemed like the rally might never end, but now the drop is unfolding in a similar manner.
Although I anticipated a strong decline, I’ll admit that I didn’t expect it to be quite this steep.
Gold has now fallen 2,000 pips from its all-time high, and to me, it’s clear that the 2,800 level is likely to hold for a while.
However, the outlook for the downside remains uncertain. The price has broken below several key support zones and even briefly tested levels below the 2,600 mark.
On a positive note for the bulls, each dip below 2,600 has been met with a quick reversal, which may suggest a false breakout.
Whether this holds true is still unclear and requires confirmation—a move back above 2,620 would be a positive signal, potentially setting 2,660 as the next target.
On the downside, there is significant support at 2,525, although recent rebounds from 2,600 make it unlikely this level will be tested in the coming days (though with this level of volatility, anything is possible).
In summary, I am currently out of the market but will be watching closely for clear signs of a bottom to confirm a new buying opportunity.
XAUUSD / SELL OPTIONThe fundamental background is changing and it is reflected in the gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance zone /2670 - 2685/ retest.
Xauusd buy confirm signal Gold price gains some positive traction but stays below $2,600 early Monday, snapping a six-day losing streak. Russia-Ukraine geopolitical risks benefit the safe-haven metal amid a subdued US Dollar demand. Bets for less aggressive Fed rate cuts and elevated US bond yields cap further gains.
Gold now buy 2583
Support 2593
Support 2603
XAUUSD_2Hhello Analyzing gold bars in 2-hour short-term and medium-term time frames The market is undergoing an upward correction, which is the resistance range of 2733 and the possibility of correction from this number downwards. This week's support range is 2675 and 2666
The geopolitical situation is hotter in many placesIn early trading on Asian markets on Thursday (November 21), OANDA:XAUUSD Spot delivery suddenly increased rapidly in the short term and gold prices are currently approaching the 2,660 USD/ounce mark, threatening the trend from the price channel.
Growing concerns about the Russia-Ukraine conflict, along with growing uncertainty in global markets, have supported gold's strong recovery this week.
On Wednesday, as tensions between Russia and Ukraine escalated, leading to increased geopolitical unrest, investors sought the safety of gold, seen as a hedge against the risks of conflict instability.
In response to Ukraine's first long-range missile attack on Russian territory, Russian President Vladimir Putin revised the nuclear weapons guidelines to lower the threshold for nuclear retaliation in response to an attack. series of conventional attacks, leading to increased geopolitical tensions.
In addition to the situation between Russia and Ukraine, the tense situation in the Middle East is also a factor supporting gold prices.
According to the official website of the United Nations and CNN, on November 20 local time, the United Nations Security Council voted on a ceasefire resolution in Gaza proposed by 10 non-permanent members.
The resolution was not passed due to the United States' veto. The remaining 14 countries in the Security Council voted in favor.
The resolution "demands that all parties immediately, unconditionally and permanently cease fire and reiterates their demand for the immediate and unconditional release of all detainees."
In addition, the resolution further emphasizes the role of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as the backbone of humanitarian relief operations in Gaza.
Additional information, on November 20 local time, the Israeli army attacked a house in the Sheikh Radwan neighborhood, north of Gaza City, killing 66 people and injuring dozens of others.
Analysis of technical prospects for OANDA:XAUUSD
Gold is currently operating in a very important position for an uptrend from the price channel with price activity attempting to move above the upper edge of the price channel.
On the other hand, the Relative Strength Index is also sitting right in the middle of the 50 level, if it breaks above this level it will be a bullish signal.
Looking ahead, technically gold is still below resistance levels, from the price channel to EMA21 and the Relative Strength Index. So, it is not yet eligible for a bullish cycle. As long as gold remains below EMA21, it is not yet technically in a bullish position.
During the day, with the current operating position, gold is still in an upward trend and notable points will be listed as follows.
Support: 2,640USD
Resistance: 2,668 – 2,684USD
SELL XAUUSD PRICE 2676 - 2674⚡️
↠↠ Stoploss 2680
→Take Profit 1 2669
↨
→Take Profit 2 2664
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
Bravely hold a short position,TP:2690-2685Bros, today is another fruitful day. Today, we shorted gold with 2695 as resistance as scheduled. After gold broke through the first resistance area of 2595, we shorted gold with 2711 as resistance at around 2710 in equal proportion as scheduled. Gold is now back below 2700 and our short position is starting to make profits again!
Bros, there is no need to rush to close short positions, gold may continue to fall to 2690-2685, and once gold falls below this area, gold may even continue to fall to around 2675. Boldly hold short positions and look forward to better profits!
Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand.
Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties.
Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains.
What about you? Do you think gold will conquer this critical milestone?
GOLD:A long trading strategy
These two days of gold bulls are very strong, the daily line for two consecutive trading days crazy pull, has topped the daily pressure around 2642, in terms of its power 2642 is difficult to keep, yesterday stepped back today pulled up again, this wave of rise is caused by the escalation of the situation in Russia and Ukraine, today we first find more single opportunities
2642 This yesterday short thinking in line with expectations, there is little room for decline. Today's thinking to do more, at present, bullish strong support has been in step by step, long has worn the daily line 5 and 10 line, long trend is beyond doubt, but the weekly trend of short or in, we pay attention to it this wave of height can change the weekly short trend.
The shape of K has been V-shaped, there are many opportunities for backstepping, and the 4-hour moving average is also pierced, the previous backstepping low 2620 is today's strong support, small support is already around 2630-32.
Support around 2620 and 2630 can be long in batches, target 2642, disk strength division line 2632.
GOLD OUTLOOKIn this analysis we are focusing on 1H time frame for GOLD. Today I'm looking potential buy, on the basis of SMC concept and trendline strategy. Let's see what happens and which opportunity market will give us. When price reach at our level than we look how price behave when it enter our level after confirmation we take buy trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis and prediction.
#XAUUSD 1H Technical Analyze Expected Move.
XAUUSD /GOLD Resume To Upward MovementHi Dear Traders Overview Of XAUUSD GOLD Check Analysis and Share Your idea.
GOLD Price will Breakout From 2640 And move to more Top Area Currently Price Hitting Area 2647 Here We Stay In buy side Resistance Area 2685 On Top.
As Always Traders Be Sure to Fallow for more Insights Thanks you.
GOLD IS STILL BULLISH hello guys as you can see gold is in an uptrend . after breaking above ma200 and fix it went up to 2672
2672 is strong resistance if price break out this level can go up to my targets
Gold has been bullish over the past few days due to several fundamental factors:
1. Expectations of Lower Interest Rates by the Federal Reserve:
Recent U.S. economic data, such as easing inflation and weaker growth indicators, suggest that the Fed may pause or even consider cutting interest rates. Lower rates benefit gold because it reduces the opportunity cost of holding non-yielding assets like gold.
2. Geopolitical Tensions:
Ongoing geopolitical issues, such as conflicts in the Middle East or global uncertainties, have increased demand for safe-haven assets like gold. Investors tend to flock to gold during times of fear or uncertainty.
3. Weaker U.S. Dollar:
The U.S. dollar has shown some weakness recently, making gold more attractive to buyers in other currencies. A weaker dollar generally supports gold prices.
4. Seasonal Demand and Central Bank Purchases:
Central banks, especially in countries like China and India, continue to increase their gold reserves, providing strong support for gold prices. Additionally, seasonal demand for gold in certain markets may be playing a role
GOLD Technical Analysis: Consolidation and Key Breakout LevelsGOLD Technical Analysis: Consolidation and Key Breakout Levels
The price has reached the supply zone at 2674, which was the previous bullish target.
Now, the price is expected to consolidate between 2674 and 2661 until a breakout occurs.
- A 4-hour candle close above 2674 will support a bullish move towards 2685 and 2706.
- A 1-hour candle close below 2661 will confirm a bearish move, with potential targets at 2644. A break below 2644 could extend the decline further to 2625.
Key Levels:
Pivot Point: 2674
Support Levels: 2661, 2644, 2625
Resistance Levels: 2684, 2706, 2712
Trend Outlook:
- Bearish by stability below 2674
- Bullish above 2674 and 2684
Gold build rising wedge and possible move to 2650TVC:GOLD making rising wedge and all patterns including SMC gold confirm sell to the given targets in chart 2650
London and New York session also about to open sure call for gold sell UpTo 2650-2632
Tuesday Gold Analysis 100% Break out Alert!If market break the Resistance level 2624.6 So We take Buy Till 2640. In sell scenario We will wait for market Make Bearish Candel and Next candel break their low so we take Sell
Now market is Bullish Trend so we take Buy mostly.
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 25618, 2613
Upside Watch: Look for buying signals if it rises above! Targets: 2634, 2640.
Market analysis, trading strategy in the 2690~2721 rangeThe global geopolitical situation is tense, and the risk aversion sentiment of gold is strong. The bullish trend is still the mainstream this week. This week's trading should still be based on low and long. The high point of 2710 last week was broken, and it is possible to see 2750 and 2790 this week. In principle, we still don't guess the top. Combine the pattern to do a good job in each wave of the market. The Asian session opened high and then fell back, with the lowest at 2690. It is currently rising again. Then, the trend point of the day is very obvious. Continue to buy more near 2690!
After the Asian session opened low, gold continued to rise sharply. The upper pressure fell back to 2721. Gold began to fluctuate in the short term, and the gold trend is still bullish. After a continuous surge in gold, it is normal for gold to fall back and fluctuate. However, gold is still bullish now. It is the right approach to continue to buy more after a fall.
The 1-hour moving average of gold still broke through and arranged upward. The short-term fluctuated between 2690-2721. It continued to buy more on dips when it fell back to 2690 in the Asian session.
First support: 2700, second support: 2689, third support: 2675
First resistance: 2720, second resistance: 2735, third resistance: 2750
Trading strategy:
BUY: 2690-2692
SELL: 2720-2723
GOLD - mysterious area in overall move, whats next??#GOLD.. i got something for you that 2708 09 is a mysterious area in overall move from bottom, if you watch daily chart you can see that market didnot hold even single top in bullish scenario.
so now until market hold that top there is no buying..
only buy above that
good luck
trade wisely
A Clear GOLD Short from hereI"m Short again on GOLD.. !:7RR for the start...
2712 Stoploss.. Target 2510
