XAUUSDK trade ideas
Gold wants to hit resistance read the caption Gold’s negative correlation with the USD seems to be in full swing over the past week, as gold’s price practically retreat until Friday, while as the current week started gold’s price seems to have regained its confidence to climb higher. On the flip side USD bulls dominated the greenback’s direction over the past week, while they took a break as the week begun allowing for gold’s price to rise. Overall we see the case for the negative correlation
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAUUSD Buy new Gold price (XAU/USD) struggles to capitalize on its modest intraday gains to the $2,600 neighborhood, though it manages to hold in positive territory through the early part of the European session on Monday.
Investors remain hopeful that US President-elect Donald Trump's touted expansionary policies will boost inflation and limit the scope for further interest rate cuts by the Fed. This remains supportive of elevated US Treasury bond yields and favors the USD bulls, which, in turn, holds back traders from placing bullish bets around the Gold price. Hence, it will be prudent to wait for strong follow-through buying before positioning for any further recovery from a two-month low set last week.From a technical perspective, the recent sharp pullback from the all-time peak stalled near the 50% retracement level of the June-October rally. The said support, around the $2,536-2,535 area, coincided with the 100-day Simple Moving Average and should now act as a key pivotal point. A convincing break below will be seen as a fresh trigger for bearish traders and pave the way for further losses. The subsequent downfall could drag the Gold price further towards the $2,500 psychological mark en route to the 61.8% Fibo. level, around the $2,480 region.
GOLD:The trend remained down for the week
Gold fell all the way last week, 2686 fell to 2536 fell to 150 points, weekly pattern big top to determine, weekly trend continues to be bearish, this is the trend, the second is to find a position, short trend is beyond doubt.
The current performance is expected to rebound first repair let continue to fall, bear space will be larger, six trading days closed negative, last Thursday, the daily line appeared a hammer candle pattern, this is a stop down signal, but not the trend change signal, Friday repair today continue to repair, Asia-Europe time we first consider the opportunity to bear.
Based on the previous 4-hour line closed positive line, the short-term rebound will continue, the high of the rebound is near 2597, the actual suppression position is near 2603, Asia-Europe period first rely on this position to short, this week's shock repair small long is also a chance, Asia-Europe period small support is 2570, Friday repair low 2560 is also support, At present, the first estimated space is 2603-2570, according to this range to trade.
Support 2560 and 2570, pressure is 2603, strong pressure 2620 and 2643, disc strength and weakness line 2590.
GOLD | Head & Shoulder jaisa Lag rha hai...GOLD keya pta yeh H&S bna rha ho...
Ho skta hai ki iska Shoulder Pushpa jaisa ho😂 ...
Agar aisa h to GOLD yhan se aapko 12 se 14 % down milega...👍
Disclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
xauusd 15mone of two way that i showed is gonna happen. either way the resistance on the top should be touched.
XAUUSD Technical Resistance Trend line RejectionA trend line rejection in the XAU/USD (Gold vs. US Dollar) market refers to price action that fails to break above a resistance trend line, leading to a reversal or consolidation. Here's a breakdown of the concept and how it relates to XAU/USD
XAUUSD resumes upward trendOn the daily chart, XAUUSD formed an insidebar yesterday and broke through, with short-term bulls in the lead. Currently, you can pay attention to the hourly support around 2612. If it falls back and stabilizes, you can consider continuing to buy. The upper resistance is around 2643. After breaking through, the upper resistance is around 2680.
GOLD | Fresh heights never hurt nobodyAlright boys and girls, it's all public now. I need to recover from my red square. You can see my reasoning and analysis below:
So here's my 5th position:
Oppening: 2610
Take profit: 2620
Stop Loss: 2550
For some reason I still think that Gold has no reason to go up. I think that billionaires are manipulating the market to make a fake trend.
The bull may be fake!
But I still think that there is a high probability that XAU will touch 2620, my stop loss is super far away. It'll be very interesting to see what will happen.
Don't use all your bank!
xau/usd analysisHello,
This is an analysis of Gold for the current week.
This analysis is brought to you by the FXonbit Traders Team
Gold price analysis November 21Fundamental Analysis
Gold (XAU/USD) maintained its buying bias heading into the European session and is currently trading around $2,660, or a one-and-a-half week high touched earlier this Thursday. It was the fourth straight day of positive action and was supported by geopolitical risks stemming from the worsening Russia-Ukraine war, which benefited the safe-haven precious metal. Additionally, a modest decline in the US Dollar (USD) continued to act as a bullish driver for the commodity.
That said, rising US Treasury yields, supported by expectations that US President-elect Donald Trump’s proposed tariffs could fuel inflationary pressures and limit the scope for Federal Reserve (Fed) rate cuts, kept non-yielding Gold prices in check. Furthermore, the prevailing risk-on sentiment - described by the positive tone around the equity markets - warrants some caution before placing strong bullish bets around the safe haven XAU/USD.
Technical Analysis
From a technical perspective, gold is still looking for strong upside in the European trading hours. The 2673-2675 zone is seen as the immediate resistance that Gold is aiming for. When the h1 candle closes above the 2660 zone, consider buying signals at the resistance zone. And today's analysis is similar to the previous day, waiting for a recovery and buying or waiting for a breakout and buying. Pay attention to the important support zones of 2645 and 2618 as Gold is pushed up strongly from this zone.
XAUUSD CONFIRM SIGNALHere as we know the market is about to move higher from yesterday so is possible to move to much more
Now market is in our no trade range so we will wait to break it our resistance or support
Then we will take sell of 130 Pips or Buy of 370 Pips...
BEST OF LUCK MY FELLOW TRADERS
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Go long with the trend, go long at the lower position 2610/2600Gold opened higher yesterday and rose sharply on the daily line. Today, there is still a high point, and it will continue to fall back. The support top and bottom conversion position is around 2598. It's just that this position will not be given for the time being. If there is an opportunity, the market will fluctuate.
Gold rose strongly yesterday. After breaking through 2600, there was no big correction. Gold has basically stabilized at the 2600 line. Gold fell back in the Asian session and continued to be long. The long and short conversion is just a thought. If the gold bulls exert their strength, then continue to be long!
The 1-hour moving average of gold is about to form a perfect upward pattern, so the gold bulls will continue to exert their strength. Gold will continue to be long when it falls back to the 2600 line support in the Asian session.
The first support: 2610, the second support: 2598, the third support: 2586
The first resistance: 2633, the second resistance: 2643, the third resistance: 2663
Trading strategy:
Sell high and buy low according to the resistance and support given above.
**Temporary Sales**A small sell-off to balance the books, ideally a move down to 2625 before ascending with momentum. It is crucial to consider the geopolitical context. Strategically, this is a time-limited trade: open until reaching TP or SL, or simply until 11 am New York time.
Let's see, I'm the FBI.
OANDA:XAUUSD
Gold/XauUsd continue up!Looking for Impulse Up.
Gold movign up as its up trend. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Analysis on goldI see a Complete W structure double top at 2628-2630 levels to push gold down heavily to 2610-2600 levels
GOLD sell 2628-2625
Safe sell 2632-2628
Tp levels on the chart
Happy trading
Gold's short-term recovery 2650Gold's short-term recovery, Elliott and Harmonic wave models give me ideas as shown here.
Price recovered to 2650 or higher then returned to a downtrend again.
Gold continues rally from 2650?Dear traders, Tom here!
Spot gold hit a near two-week high in the Asian session as the worsening Russia-Ukraine conflict benefited traditional safe-haven assets. The weekly uptrend appears to be unaffected by bets for a less aggressive Fed easing, continued USD buying and the prevailing risk-on environment. At the time of writing, gold is hovering around $2,683 and up 0.51% on the day.
Technically, gold confirms bullishness, we are watching the resistance zone ahead after a false break of 2,686, a break would be bullish while a hold would be bearish. But in any case, the preference remains on the buyers, as interest in the metal as a hedge has returned.
Medium-term target could be 2,710-2,750
5 waves to profit We have 5 waves to complete wave (a). I'm anticipating wave (b) correction to start, ideally we'll start looking for buying opportunities around the Fibonacci retracement level.
XAU qualifies for Downtrend D1So gold has adjusted from 2617 to the highest area of 2657. In this area, we wait for confirmation of SELL D1.
Ideally start entry at the H4 timeframe.
Sell zone: around 2657
Hold: about 2495 hold the order through the week, attach Stop sloss to entry if the order runs about 250 pips (2630)
Gold cracking some resistance intradayIntraday Update: Gold breaking higher, which may allow for a move to the 50% retrace at 2664, then 2694.
