GOLD SELL NOW!!!!!Gold price rejected from the fvg zone we have a gap below 2605 area to fill on gold am expecting to see price revisit this area to fill this gap then sweep liquidity at 2,537 area for a long buys again MY GOAL TARGET IS 2538 Lets know your take on this...........?Shortby CAPTAINFX21
XAUUSD Breakout Return To Same WayHello My Dear Traders This is overview of XAUUSD check and analysis And share your idea. Currently Price 2619 Support Zone 2610 If Market Stay in 2622 then today Market will Bullish After in mind we see good breakout from 2630 here price will break then neat target 2640 to 2645 These are Pattern also I will see in market Condition. As always Traders Share your idea in comments Thanks.Longby Overview_Of_FX_MarketUpdated 1
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Gold Analysis TF H1 .. Gold Sell position confirmation 2613 Good momentum sell comfirm.. target 100pipsLongby nazirhasan8112131
The yellow precious metal recovered as the USD weakened.The yellow precious metal recovered as the USD weakened. The DXY index measuring the greenback's strength fell to 106.21 points. However, US Treasury bond yields continue to rise, leading many experts to limit gold's gains. According to analyst James Hyerczyk at FX Empire, the gold recovery occurred when the USD temporarily paused below its highest level in a recent year, making gold more attractive to investors who do not use it. Use USD. Hyerczyk emphasized that the 2,604.39 resistance mark is “an important technical level” that traders are watching closely. “If this level is sustained, the price could rally sharply, towards the 50-day moving average at 2,653.63 and the retracement zone from 2,663.51 to 2,693.40,” he said. However, Hyerczyk warns that if there is renewed selling pressure at higher levels, this could indicate continued downward pressure on gold prices. Conversely, he said a fall in gold prices below 2,536.85 would signal weakness and the potential for a deeper decline towards the 200-day moving average at 2,403.46. He also added that traders will closely monitor comments from Fed officials this week for a clearer view of monetary policy. “Upcoming US economic data, such as housing and manufacturing reports, will also influence the direction of gold prices,” he said.Shortby FalCol_TradingMaster2
Gold ready to above 2600 read the caption People got bullish on stocks. I get it. There’s a political change coming, and many investors might be excited about that while I don’t think that others would be willing to sell given this sentiment. However, I have to point out that tops are formed when the sentiment is extremely bullish. While this doesn’t have to be the final top for this rally (I admit, I thought that we saw a top already and stocks kept on rallying), I do want to stress that this is one of the moments where at least a local top becomes likelyLongby Mrsam36Updated 1
Weekly ScenarioEverything on the chart but here’s my simple take on the chart: Right now, it looks like price has dropped pretty sharply, hitting the 0.236 Fibonacci retracement. This level is often a weak spot, meaning the drop might not be over yet. If price keeps falling, I think it could head toward $2,610 or $2,590, where there seems to be stronger support and likely more buyers waiting. These levels align with deeper Fibonacci zones and areas where the market might reverse higher. On the other hand, if price stabilizes here and starts moving up, it could aim back toward $2,680-$2,700, which is resistance for now. My gut feeling and I might be wrong of course is that price will be bearish first. A dip lower this week to grab liquidity (sweep stops below $2,610 or $2,590). Once at Fibo 0.786 I think a strong bounce could happen, especially if the market sees this as a buy-the-dip opportunity in the bigger uptrend. If you're shorting, aim for the deeper levels ($2,610 or $2,590) but watch for signs of a reversal to close quickly. If you're looking to buy, wait for price to drop deeper OR confirm strength (a proper rebound with structure shifts) before jumping in. I could be wrong, so let price action guide you. Keep an eye on how it behaves around those key levelsShortby MedinTrade3
GOLD TO NEW ATH? (UPDATE)Hello, After gold reaching new highs this year We expect it to reach a new historical ath with these numbers on the chart. Please wait for test (1) if it touches the entry area and closes at the top. Our entry will be with a retest. (2)Longby luta_ksa1
Gold Bullish until we retest new ATH - DXY about to drop Gold Bullish until we retest new ATH - DXY about to drop As we can see from my chart my first TP1 that I targeted yesterday has been hit successfully. I don't believe we will see a pullback here, if we do it'll be very small. I put in another buy at 2697 and will ride that out now until my final TP unless I see a reversal pattern. No sell yet folks - Too much War tensions and also DXY just about to drop massively Longby BeachBum19944
GOLD HIGHT PROBABILITY SETUP!!According to Candle Range Theory (CRT), GOLD price swept the previous week high (CRT LOW), and this daily candle (today's candle (22/11/2024)) must close below the previous week high (CRT HIGH). If this daily candlestick closes below, the whole week next week (25/11/2024) gold will be selling (bearish). The target will be Previous week low (CRT LOW). Another thing, on weekly timeframe you will see gold has touched the bearish fair value gap (FVG) which was our internal range liquidity (IRL) but on Daily timeframe we still have to touch the bearish FVG with a rejection, then we can sell. “I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.” - Jim Rogers Shortby Siphesihle_Brian_Thusi1
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-by THEDISCPLINEDTRADER1
World gold prices rebounded strongly as tensions escalatedGold prices increased due to bottom-fishing demand skyrocketing in the context of increasing Russia-Ukraine tensions. President-elect Donald Trump is unlikely to end the Ukraine conflict soon after coming to power on January 20. Currently, investors' attention is also focused on some officials of the US Federal Reserve (FED), who are expected to give speeches this week. Market expectations for a December rate cut have dropped significantly, with odds now at 55.7%, down from 82.5% just a week ago. Ms. Lisa Cook - member of the FED Board of Governors said that the country's inflation continues to decline, with wages and the job market "cooling down", rising prices mainly in the housing sector. With this trend, the FED's continued interest rate cuts are considered still appropriate. However, she did not confirm the possibility that the FED will cut interest rates at its next meeting in December. Goldman Sachs - one of the world's leading investment banks, has just raised its gold price forecast to 2,900 USD/ounce, about 89.2 million VND/tael in early 2025, an increase of 200 USD compared to the previous forecast. there. 🔥 XAUUSD SELL 2698 - 2700🔥 💵 TP1: 2685 💵 TP2: 2675 💵 TP3: OPEN 🚫 SL: 2708 🔥 XAUUSD BUY 2673 - 2675🔥 💵 TP1: 2685 💵 TP2: 2695 💵 TP3: OPEN 🚫 SL: 2668Longby FalCol_TradingMaster3
gold is bearish now, we can sell it nowWhen analyzing the reasons for selling gold on a 1-hour (1H) chart, several technical and market factors might influence the decision to sell. Here are some potential reasons to consider: ### 1. **Price Reaches Resistance Levels** - **Resistance Zones**: If gold has approached a previously established resistance level on the 1-hour chart (e.g., a price level where it has reversed in the past), this could suggest that the price is likely to face selling pressure. A failure to break above this resistance could prompt traders to sell. ### 2. **Bearish Technical Indicators** - **Moving Average Crossovers**: A bearish crossover, such as the 50-period moving average crossing below the 200-period moving average (a "death cross"), could signal potential downward momentum, prompting traders to sell. - **RSI (Relative Strength Index)**: An RSI above 70 may indicate that gold is overbought, and traders may anticipate a price pullback, leading to selling activity. - **MACD (Moving Average Convergence Divergence)**: A MACD bearish crossover (when the MACD line crosses below the signal line) can indicate weakening bullish momentum and a potential sell signal. ### 3. **Price Action (Candlestick Patterns)** - **Bearish Candlestick Patterns**: Patterns such as "Engulfing" (a large bearish candle followed by a smaller bullish candle) or "Doji" (indicating indecision) after a rally may suggest that sellers are starting to dominate, potentially leading to a price reversal. - **Rejection at Key Levels**: If gold tests a key support or resistance level and then forms a bearish candlestick (like a pin bar or shooting star), it may signal a reversal, prompting traders to sell. ### 4. **Divergence** - **Bearish Divergence**: If the price of gold is making new highs, but technical indicators like the RSI or MACD are making lower highs, this can indicate that momentum is weakening, and a reversal could be near. Traders may sell in anticipation of a price decline. ### 5. **Overbought Conditions** - **Price Surge Without Fundamentals**: If gold has surged due to market speculation without strong fundamental backing (e.g., geopolitical events or inflationary fears), traders may view it as overbought, especially when the price is far from key support levels. - **Excessive Buying Volume**: A rapid increase in buying volume, followed by a slowdown or reversal, might indicate that the buying has been exhausted, leading traders to sell. ### 6. **News or Economic Data** - **Hawkish Central Bank Stance**: If economic data or central bank announcements suggest that interest rates are likely to rise or monetary policy will tighten, gold prices may fall as investors shift to higher-yielding assets. This could trigger sell-offs. - **Strong Economic Data**: Positive economic reports (such as better-than-expected GDP or employment data) can reduce the demand for gold as a safe-haven asset, leading to selling. ### 7. **Market Sentiment Shifts** - **Risk-On Sentiment**: If investors become more risk-on, driven by positive news or a recovery in stock markets, they might sell gold (a safe-haven asset) in favor of riskier assets like equities, leading to downward pressure on gold prices. - **Commodity Price Movement**: If other commodities or the U.S. Dollar show signs of strengthening, it might influence gold prices to drop, especially if there is an inverse correlation. ### 8. **Profit-Taking** - **End of Uptrend**: After a strong upward move, some traders may decide to lock in profits, especially if they believe the gold price has reached a peak or the market is overextended. In summary, the decision to sell gold on a 1-hour chart could be based on a combination of technical indicators, price action, market sentiment, and economic factors. Traders often look for confirmation of signals before making decisions, so a confluence of several of these factors can increase the probability of a successful trade.Shortby forexcapitals1231
SETUP VS STRATEGY, explain?A setup is what you see and it is made from basic principles such as highs and lows. A strategy comes from understanding inner working principles of market structure, mainly the TREND of any given asset class and the overall determining factor is how profitable one is in any given month.Educationby st3ma1
21 Nov - LongI believe we can expect a further rise to my target level near 2673. Currently it is unclear if we can expect bullish or bearish momentum from this levelLongby Harlequin_FXUpdated 2
the gold in rising toword 2664.2668,2672the gold in 2664.2668,2672 Gold price traded positively yesterday to succeed achieving our first waited target at 2655.00$, waiting for more rise to achieve additional gains that reach 2710.00$, supported by moving above the EMA50. Therefore, the bearish trend will remain valid on the intraday basis, noting that breaking 2620.00$ will put the price under negative pressure that its targets begin at 2560.00$ and extend to 2513.10$. The expected trading range for today is between 2640.00$ support and 2675.00$ resistance.Shortby alialsheq1
Gold Trading Strategy 11/21Based on the recent gold market movements, the following analysis and strategy are proposed: Market Overview: Previous Decline: Gold prices have declined from around 2670, causing long positions entered near 2700 to be trapped. Current Situation: As prices rebound to approximately 2650, some traders are closing positions to realize profits, leading to sustained fluctuations at this level. Remaining Positions: High-level positions remain trapped, requiring prices to rise to around 2670 for breakeven. Strategic Insights: Resistance at 2670: Upon reaching 2670, there is an 80% probability of price decline or consolidation, with only a 20% chance of further increase. Optimal Shorting Zone: The 2663-2673 range presents a favorable opportunity for short positions, offering potential high returns with manageable risk. Trading Strategy: Initial Positioning at 2652: Minimal Short Position: Enter a small short position to test market response. Minimal Long Position: Alternatively, enter a small long position to capitalize on potential upward movement. Adjustments Based on Price Movements: If Price Rises Above 2660: Close long positions. Add to short positions. If Price Falls Below 2640: Close short positions. Add to long positions. Risk Management: Stop-Loss Orders: Implement appropriate stop-loss levels to mitigate potential losses. Position Sizing: Ensure position sizes align with individual risk tolerance and account size.Longby TradingGuide_DeanUpdated 5
Gold Market Update and Strategy InsightsToday, gold prices rebounded sharply from the lows, driven by heightened safe-haven demand following news of North Korea’s potential involvement in the Ukraine conflict. Prices surged from 2622 to 2650, aligning with my recent emphasis on prioritizing long positions in gold. Those who followed this approach should have seen significant gains in their accounts! Market Outlook and Strategy Suggestions A technical pullback is likely in the near term, with 2640 identified as a key support level. If the price dips to this level, it is expected to trigger the next upward trend. Trading Plan for Today: Enter light short positions near 2650, targeting 2640; Increase long positions around 2640, aiming to ride the next bullish wave; Risk Management: Place stop-loss for shorts above 2660 and for longs below 2635. Risk Advisory and VIP Support While VIP users have reported strong profits this week, some traders may have experienced losses or trapped positions due to deviation from recommended strategies. If this applies to you, I am here to assist with tailored solutions. For those considering joining VIP but hesitant, I am offering a free trial session to showcase my strategic approach. Reach out if interested! Reminder: The gold market remains highly volatile. Always manage your positions wisely, avoid over-leveraging, and trade with discipline to secure sustainable profits.Longby Falcon-Training-CampUpdated 2
GOLD UPDATE AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion, please feel free command me.by AronnoFx2
XAUUSDLooking for possible sell, as continuation of the sell. We have: -1d we have 2633.065 resistance zone. -4h 3rd touch on resistance trend line, current bearish candlestick. -1h reversal pattern approaching 4h resistance trend line. On lower time frame: -if we get retest on 2628.88 zone acting as resistance zone, will look for entries. Will give updates by SnowIQ2
Gold possible buy Yesterday we traded bullish move, but price took us out then move to our direction, it's already 4 losses in a row and I'm still standing tall, because this game is a numbers game ( playing long probability game), let's go for continuation trend today also, see you all at the topby MadsTheGoldminer1
XAUUSD Golden Cross (1h) signals the start of the new uptrend.Gold is abour to form a Golden Cross on the (1h) timeframe. The most recent such patterns initiated and sustainted a rally over the MA200 (1h) that extended to the 3.618 Fibonacci level. This is a strong buy opportunity. Trading Plan: 1. Buy when the Golden Cross (1h) is formed. Targets: 1. 2825 (the 3.618 Fibonacci extension). Tips: 1. The RSI (1d) is on its way to a massive Bullish Cross under the 0.000 level. This is an additional strong buy signal, even for the longer term. Please like, follow and comment!!Longby TradingBrokersView5