XAUUSDGold is expected to correct at the beginning of the week. A return to the Oderblock at 2571 before going up again, to see what this Monday has in store for us.
XAUUSDK trade ideas
Gold Faces Key Supply Zone: Will Bears Reclaim Control?The 4-hour chart for XAU/USD (Gold Spot) highlights a strong bullish rally approaching a significant supply zone around $2,740–$2,770.
This area coincides with previous resistance, suggesting a potential reversal or slowdown in momentum.
Price may fail to break the supply zone, triggering a pullback towards the $2,640 level for retesting.
This move would align with classic corrective behavior following an overextended rally.
Gold: Staying Bullish Despite the NoiseGold has been trending bullishly for some time, with multiple breaks to the upside confirming the trend. However, the most recent move saw a break to the downside. While this may lead many traders to turn bearish, I see this as a potential reaccumulation phase rather than a trend reversal.
From my perspective, this move could be a trap to generate liquidity below before targeting the cloud of liquidity identified above. If this analysis holds true, we might see a push higher and potentially a new high forming in the near future.
What do you think about this move? Let me know in the comments! 🟡📈
Disclaimer: This is not financial advice. Always do your own research before trading or investing.
Russian nuclear warning lifts gold Gold extended gains for a second session, climbing to $2,630 as tensions between Russia and Ukraine reignited demand for safe-haven assets.
Russia unveiled an updated nuclear doctrine Tuesday, paving the way for potential use of atomic weapons, just as Ukraine deployed U.S.-manufactured missiles on Russian soil for the first time since the war began.
Russian Foreign Minister Sergey Lavrov called on the U.S. and its allies to take note of Moscow’s revised nuclear policies.
On the technical front, gold’s recovery may have further room to run, with the 4-hour chart signaling potential upside. However, the Average Directional Index (ADX) suggests trend momentum remains muted. Key resistance levels include $2,639 and the 200-day simple moving average at $2,654.
I'm not convinced that Gold is Bullish yet...Waiting on further confirmation that Gold wants to move Bullish. With Mondays closed it looks like it wants to continue to push up but I need to sit on my hands until London session to see if it really does want to flip bullish.
XAUUSD OUTLOOKXAUUSD as Look To Out Look First Day On Monday we will see As GAP in market so people expected if we will see GAP Then No return so we see Gold will Fly As Currently Price 2585 if Gold Stay In 2590 Then Next Target 2600 2610
Continue downtrend - target 2506 coming soon✍️ NOVA hello everyone, Let's comment on gold price next week from 11/18 - 11/22/2024
🔥 World situation:
Gold prices fell for the sixth consecutive day, heading for a weekly loss of over 4%—the steepest since September 2023. Federal Reserve Chair Jerome Powell's mildly "hawkish" remarks strengthened the US Dollar, reducing demand for gold. As of now, XAU/USD trades at $2,564, down 0.17%.
On Thursday, Powell stated that the Fed is not in a hurry to cut interest rates, citing a resilient economy, a robust labor market, and inflation still above the 2% target.
🔥 Identify:
The decline in gold will continue as money is being drawn to other opportunistic financial sectors, the decline could be prolonged, sending gold prices to 2500 or 2400.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2590, $2610, 2645
Support : $2539, $2504
🔥 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
- The winner is the one who sticks with the market the longest
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Nice movement on the markets from the get go with price moving into the lower region we wanted 2550-55 and giving us the TAP AND BOUNCE! We wanted to long from that level which some still are with partials taken and the trade protected for the weekend.
Now, due to the range we have two area's of interest, both not worth getting involved with due to the market closing for the weekend soon.
Below, support is active on the red boxes at 2550 which needs to break for us to end the week lower into the 2540-35 region, if they decide to make a late session move. Otherwise, again, 2555 can be attempted and if we get the RIP there you'll likely see this want to close higher into the that 2575 region.
So us, we're done for the day and the week, it's been eventful, emotional and frustrating for some, but the path worked well, the red box and Knights indicators together with Excalibur performed and we end the week with another phenomenal pip capture and hit rate.
Wishing you all a great weekend ahead, see you on Sunday for the KOG Report.
As always, trade safe.
KOG
GOLD recovered slightly with main bearish outlookWhen the US Dollar index TVC:DXY rose to its highest level this year, which has reduced the investment appeal of OANDA:XAUUSD fell again and gold prices plummeted to a 2-month low. Federal Reserve Chairman Jerome Powell recently suggested that there may not be any interest rate cuts in December.
According to data released by the US Bureau of Labor Statistics on Thursday, the US producer price index (PPI) in October increased 2.4% year-on-year, higher than the increase of 2.0%. 3% expected and higher than the 1.9% increase in September.
Core PPI, which typically influences the core personal consumption expenditures price index (PCE), rose 3.1% year-on-year, up from 2.9% previously and above expectations of 3%.
Additionally, Thursday's data also showed the number of Americans filing initial unemployment claims fell to its lowest level since May last week, suggesting labor demand remains solid after the storms. and recent strikes.
The U.S. Department of Labor reported that the number of Americans filing initial unemployment claims fell by 4,000 to 217,000 in the week ended November 9, compared with a median forecast of 220,000.
Gold prices have fallen for five consecutive days and this week's drop could exceed 4%, which is expected to be the biggest weekly drop since June 2021.
Powell's hawkish comments signal a "major shift" in the Fed's outlook for rate cuts
Federal Reserve Chairman Jerome Powell said on Thursday that the central bank does not need to "rush" to lower interest rates due to the strength of the US economy and that the central bank will "watch carefully" to ensure that certain measures of inflation remain at acceptable levels.
“The economy is not sending any signals that we need to rush to cut interest rates,” Powell said in a speech to business leaders in Dallas. The strength of the economy we are seeing now allows us to make prudent decisions.”
In an upbeat assessment of the current situation, Powell said domestic economic growth in the US is “so far better than in other major economies around the world”.
Powell reiterated that the Fed's path to adjusting interest rates will depend on upcoming data and developments in the economic outlook.
On Asian markets on Friday (November 15), spot gold maintained a recovery trend during the day and gold prices are currently at around 2,570 USD/ounce. Today, the US Census Bureau will release retail sales data for October, which is expected to cause significant volatility in the gold market over the weekend.
Surveys show U.S. retail sales are expected to rise 0.3% monthly in October, after rising 0.4% in September.
US retail sales data is known as "big data" because it typically has a larger impact on financial markets, potentially influencing the trend of assets such as the US dollar and gold.
If US retail sales data is stronger than expected, the US Dollar could strengthen, thus continuing to pressure gold. On the other hand, the weaker-than-expected retail sales report will stimulate gold prices to recover further after the recent long series of declines.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold recovered without reaching the horizontal support level of 2,528 USD. Note to readers in yesterday's edition.
Although gold has recovered to return to above 2,548 USD, in general its short-term trend is still inclined to the downside with the price channel as the short-term trend.
In addition, the technical recovery prospect is also encountering some resistance from the lower edge of the price channel, the resistance level of 2,588 USD and the 0.786% Fibonacci retracement level.
On the other hand, the Relative Strength Index has not yet reached support from the selling area, so there may still be room for a decline in momentum ahead.
The main trend of gold in the short and medium term is still downtrend, the recoveries are only considered short-term adjustments and the notable points will be listed as follows.
Support: 2,550 – 2,548USD
Resistance: 2,581 – 2,588 – 2,600USD
SELL XAUUSD PRICE 2621 - 2619⚡️
↠↠ Stoploss 2625
→Take Profit 1 2614
↨
→Take Profit 2 2609
BUY XAUUSD PRICE 2519 - 2521⚡️
↠↠ Stoploss 2515
→Take Profit 1 2526
↨
→Take Profit 2 2531
GOLD NOW IN BUYING ZONE !!! HELLO FRIENDS
As I can see #GOLD is now trading above 2550 zone and fail to break a strong Support Zone we are watching also Fib levels it's also showing us a great retracement had done but still we can see 0.61 did not achieve we are buying here on the base of daily Strong POI which can give us great pips and also for long term traders it's a great entry Middle East problems escalating by HAMAS & other proxies which investors did not under estimate and they love these types of dip
Ending of year and opening 2025 Trump new elected bad US economy investors always love safe haven not Bonds so we can't miss these incoming moves we had just sent yesterday our perdition on Gold Drop which is attached in comment we need Ur love and boost the idea, so it helps to be many other traders Stay Tuned for more updates ....
Trading opportunity for XAUUSD Gold _ Flag PatternBased on technical factors there is a Buy position in :
📊 XAUUSD
🔵 Buy Now or by Analysis
🪫Stop loss 2553.000
🔋Target 1 2615.000
🔋Target 2 2655.000
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
"Gold Takes a Dive: Market Signals Sustained Downward Momentum"Gold (XAUUSD) remains under pressure as it tests the resistance of a critical descending channel, with bearish sentiment prevailing due to significant global economic fundamentals. Key macroeconomic and geopolitical factors continue to shape market sentiment, reinforcing the challenges faced by bulls in establishing any meaningful upside momentum.
### **Geopolitical and Economic Backdrop**
Market fears surrounding the Russia-Ukraine conflict appear to be slightly easing, with the potential for reduced geopolitical tensions. However, the spotlight remains firmly on the U.S. Federal Reserve, as traders anticipate key guidance from upcoming speeches and the pivotal December policy meeting. The Fed’s decisions regarding interest rates will likely serve as a crucial catalyst for future gold price movements, with traders eager to understand the central bank’s longer-term approach in balancing inflation and economic stability.
### **Technical Outlook: Gold Confirms Downtrend**
From a technical perspective, gold continues to respect the boundaries of a well-defined downward-sloping channel, reinforcing a bearish bias. The current price action suggests that sellers remain firmly in control, with repeated failures to break key resistance levels highlighting the challenges for any sustained bullish recovery.
A critical level to watch is **2627**, where a false breakout appears to be forming. Should prices consolidate below this resistance, it could signal a fresh wave of selling pressure, potentially targeting lower support zones. The nearby resistance levels of **2627** and **2643** remain significant hurdles for the bulls, while the key support zones at **2694** and **2560** offer potential downside targets if the downtrend persists.
### **Scenarios to Consider**
1. **Bearish Priority**:
- The primary expectation remains further downside movement, especially from the **2627** resistance level or the upper boundary of the descending channel.
- A failure to reclaim the **2627** level and subsequent consolidation beneath this zone would strengthen the bearish outlook, paving the way for a test of deeper support levels.
2. **Bullish Breakout Possibility**:
- While the bearish trend dominates, an alternative scenario could emerge if gold manages to break above the **2643** resistance level.
- A sustained breakout and consolidation above **2643** may open the door for renewed buying interest, providing an opportunity for the bulls to challenge higher levels within the broader trend structure.
### **Trading Implications**
For traders, the descending channel provides a reliable framework for decision-making. Any rejection at the key resistance zones or failure to break above **2627** should be treated as an opportunity to align with the prevailing downtrend. Conversely, a decisive breakout above **2643**, supported by strong volume, would warrant caution for short positions and could signal the early stages of a trend reversal.
In conclusion, while short-term volatility may present opportunities for both buyers and sellers, the overall trend remains firmly bearish. Monitoring critical resistance and support levels, as well as staying attuned to fundamental developments, will be essential in navigating the complex dynamics of the gold market.
LONG GOLD NOW, LET ME BREAK IT DOWN !Gold price stays firm for the second consecutive day so far, drawing support from the recent retracement in the US Treasury bond yields across the curve, fuelling the corrective downside in the US Dollar (USD) against its major currency rivals.
The US bond yields have embarked upon a correction mode as investors remain wary of the impact of the potential fiscal and trade policies to be introduced by US President-elect Donald Trump on the economic and inflation outlook.
Additionally, Gold price capitalizes on the renewed geopolitical escalation between Russia and Ukraine after US President Joe Biden authorized Ukraine to use American Army Tactical Missile Systems (ATACMS) to strike inside Russia on Sunday. The decision to allow the use of long-range US weapons inside Russia came after Moscow deployed North Korean ground troops to supplement its own forces.
Moreover, expectations of more stimulus measures coming in from China also bode well for the bright metal. China is the world’s top Gold consumer. Securities Journal, Chinese state media, quoted analysts saying further cuts to the Reserve Requirement Ratio (RRR) coming this year.
Note that China is the world’s top Gold consumer, and any support measures by the local authorities to boost economic performance seem positive for the precious metal. However, it remains to be seen if Gold price manages to hold on to its recovery momentum as traders turn cautious, awaiting more cues on the Fed’s interest rate outlook from the central bank talks due Tuesday and later this week.
XAUUSD (Gold), falling to 2545 secondlyHi everybody. Gold want try fall to support lavel 2545. On 4H we have good bears accumulation process BUT there is strong re-sell on 2572 and higher. Levels thanks to X-Lines script. Have a nice trading week ;)
XAUUSD BearThe last #xauusd #gold bear trade was perfect. Here is the link to the last Idea... ...and the clever traders would have seen the trade back up...!!! Remember the cart can be moved and squeezed to see the hidden gems...
Anyway we have lower targets for the #BULL but this is the next set-up for the way down...
I will update again If this changes but all the structure you will need for now is listed...
( Remember to click play and read the comments... everyone's )
GOLD: Bulls regain momentum to charge ahead ?Hello Traders and Investors
Gold has been largely bullish for the past weeks making new all time price highs unapologetically. From the start of November we started to see a significant retracement that was justified by a long over due brake on the pedals.
In what seems to be a reversal Gold buyers have started to regain momentum as price broke out of the 4H downward trendline together with the 4H demand zone where selling pressure failed to hold. After which we saw a bounce on the 4H demand zone which is a strong indication of bullish momentum.
Trade idea
There is a high probability price will continue to rise, take profit targets for short to medium term buyers can be set for 2710.971
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Thank you
The Bullish Nature of #GOLD Persist.Gold has been bullish after it hit a major support level of 2520 price region now trading at 2712 with a strong bullish momentum. Buyers are not relenting with the bullish pressures on their side the impulse of the market become bullish with the build up at 2709 price level.
Line O Strat d'sinXAUThe reforms of Julius Caesar in 45 BC put the Roman world on a solar calendar. This Julian calendar was faulty in that its intercalation still allowed the astronomical solstices and equinoxes to advance against it by about 11 minutes per year. Pope Gregory XIII introduced a correction in 1582; the Gregorian calendar was only slowly adopted by different nations over a period of centuries, but it is now by far the most commonly used calendar around the world.
XAU/USD 20.11.2024OANDA:XAUUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up.
If you have any questions, feel free to ask! ;)
XAU/USD BUY 80+PIPS SECUREDHi Traders Yesterday we send XAU/USD we managed to secure 80+pips before it hit previous Resistance. this is a swing trade we will add positions when we see another entry Confirmation.
Previous structure HIGHER LOW & LOWER HIGH DAILY TIME FRAME
H1 BREAK OF PREVIOUS RESISTANCE WE TOOK OUR ENTRY.
XAUUSD GOLD TRADE LONG IDEAI've entered a Gold OANDA:XAUUSD trade based on the fact that the price is currently above the weekly open at 2572. While the US Dollar is strong at the moment, I believe Gold needs to retest the quarterly open at a minimum.
The stop loss is clearly set, and I see potential for the price to move towards the quarterly open. Once we reach that level, we’ll reassess and see how the market is behaving to determine the next steps.
Stay tuned for updates!
Sell order engaged / #2,545.80 only Support ahead of #2,500.80Technical analysis: Price-action is now circling the #2,552.80 benchmark but not gaining more Bullish momentum as Buyers expected, as it seems that DX found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically on huge declines, moving the Stop-loss in Profits every #5 - #8 points) will be acceptable Risk at the moment, as Buying on such Bearish bias is not advisable. Gold is approaching again the Lower High’s trendline of the Hourly 4 chart’s Volatility (on one of the strongest Intra-day mixed values since late May), slightly above my Support zone which is an ideal Selling point (as I implemented Selling every Top strategy when DX was testing #20-Year High’s, delivering excellent Profit). As discussed, unless #2,545.80 - #2,552.80 breaks, Price-action within is Neutral, leans to Bearish side more and suitable only for Sellers. As expected Gold reacted to the DX gains strongly with every Daily candle and broke through the Lower layer of the Rectangle, but current defence line poses as the strong Support which may engage Intra-day recovery on the asset. I will continue Selling (tight Stops) as long as DX is on Selling sequence and keep in mind that major Bullish reversal is out of question as long as DX is on relief rally.
My position: Gold is showcasing underlying Bearish trend and is comfortably Trading near #2,552.80 psychological barrier throughout the session (Xau-Usd Spot prices). The pullback can extend as High as the Resistance (former Support now turned to Resistance) on Daily chart which is currently Trading at #2,572.80 - #2,582.80 and if #2,582.80 gets invalidated, I do expect #2,600.80 benchmark test in extension before new Short-term Sellers appear (less likely). The real market news should soon enough be digested by market and due halt on DX, current session most likely won’t reveal any major clues unless #2,545.80 Support gives away. If #2,545.80 Support fails to hold, #2,527.80 is the next Support to be filled and expect a Lower High’s Lower zone to be met there. Therefore I have engaged re-Sell order with #2,570.80 entry point / optimal Target remains #2,545.80 Support and if Support gets invalidated, I will close my order and re-Sell Gold below (#2,500.80 benchmark Target).
XAUUSD DAILY INTRADAY TRADING IDEA The Disciplined Trader
How to Enter the Chart for Intraday Trading:
1. Identify Candle Closure:
○ Look for a candle to cross your predetermined zone and close beyond it.
2. Validate the Break:
○ After the candle closes, if the current new candle breaks the previous high (for buys) or low (for sells), the trade is valid.
○ Refer to point 4 for additional confirmation.
3. Use Higher Time Frames:
○ Use the H4 chart for more accurate results and to identify stronger levels.
4. Wait for Retest:
○ Always wait for a retest of the broken zone before executing positions. This helps avoid getting caught in fakeouts.
5. Intraday Focus:
○ Remember, this strategy is specifically designed for intraday trading.
6. Consider Volume Spikes:
○ Be aware that during high-volume periods (e.g., London open, NY open, NYSE open), there might not be a retest.
7. Set Stop Loss:
○ Use a stop loss of 30-40 pips to manage risk effectively.
-THE TRADER'S HUB FAMILY-
