GOLDgold analysis
Time frame of 4 hours
Considering that the 4-hour time frame of gold is still bullish, you can look for buying deals when the price reaches the specified area.
XAUUSDK trade ideas
XAUUSD BUY DOUBLE BOTTOM ANALYSISHere on Xauusd price form double bottom and was able to rise a bit so there is a chance of going more even up as the price has broken line 2738.090 so trader should look for LONG and expect a profit target of around resistance . Use money management
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market.
Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now.
However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor.
The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely.
Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%.
Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months.
🔥 XAUUSD BUY LIMIT 2733 - 2731🔥
✔️ TP1: 2755
✔️ TP2: 2765
✔️ TP3: OPEN
🚫SL: 2724
🔥 XAUUSD SELL LIMIT 2753 - 2751🔥
✔️ TP1: 2745
✔️ TP2: 2735
✔️ TP3: OPEN
🚫SL: 2760
XAU/USD - Gold Weekly Analysis(4th Nov 2024 to 8th Nov 2024)XAU/USD - Gold Weekly Analysis(4th Nov 2024 to 8th Nov 2024)
Weekly recap:
To recap last week, our main focus on Gold was during the second half of the week with United States data such as NFP, Core PCE, and Unemployment rate. Gold during the first half of the week has rallied to new ATHs at 2788 KL. On an economic standpoint, we had US JOLTs Jobs come out below expectations and below previous we had anticipations of poor / weaker JOLTs jobs data = Increases in rate cut bets for dollar bears and risk asset bulls. After peaking new ATHs and opening up the second half of the week we seen multiple FTB above with EOM coming up and US data of healthy jobless claims coming out. We seen a bearish run on gold due reasoning stated which lead to some profit taking moves from ATHs.
Reminder on Gold:
Gold is still HTF bullish however, We know that Gold likes to retest ATHs / Near ATHs. Keep in mind we just opened up a new month, and with elections right around the corner. We could see PBs / Deeper PBs to better demanded prices on Gold before jumping into buys.
Trade ideas for the upcoming week:
Bullish Bias:
If gold breaks above 2740 KL I would look for short scalps to 2757.685 KL and if price holds above i would look for scale in more buys to retest back into near ATHs at 2779 KL.
Bearish Bias:
If gold pushs up on the intraday timeframe and FTB above KL 2757.685 KL and holds below I would look for HRHR sells at 2757.685 KL to 2715 KL and lower.
If gold breaks below 2732 KL i would look for sells to 2715 KL and lower.
If gold pushes up to 2779 KL and fails to break above I would look for sells to retest better demanded prices at 2715 KL and lower.
Our Focus this week from the economical calendar:
In terms of economic events this week we have BOE and Fed rate decisions in focus to start out the new business month with US elections around the corner. We also have important data such as services PMI for major countries and other reports through the week.
1 - Monday - Presidential Elections
2 - Tuesday - PMI
3 - Thursday - Initial Jobless Claims, FED Rate Decision
Daily Reminder:
-Caution-
Stay Smart, Trade safe, follow your trading plan, follow your risk management plan, focus on long term vision, keep emotions out and avoid crashing your account.
XAU/USD Approaching Key Support TestHello,
OANDA:XAUUSD has experienced significant upward movement in recent months. However, a support test at 2640.829 is now anticipated, with the 1M pivot point expected to act as resistance ahead. The swing range is set between 2709.603 and 2640.829.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GOLD D1d th3 buy3rs w1n?Hello.The US 1s 3xp3r13ncing an acc3lerat3d d3t3r1orat1on of 1ts public account and this should soon b3 s33n on the US tok3n.
XAUUSD Overview (03-Nov)PEPPERSTONE:XAUUSD fell from 2780.
Watch 2740 for selling opportunities towards Zone 2.
weekly bearish plan really interesting, but no signal yetthere is not even 1 red candle in the top right now, want to gamble with 2680 red candle next week?
is there any requirement to retest ma 55 on weekly?
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold.
Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset.
What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset.
Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later.
The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward.
Now, let’s take a look at the chart and summarize.
Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices.
Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position.
Good Luck and Have a Nice Weekend!
The Gold CrashWhy 100 Pips Today Isn’t What It Used to Be
When Gold traded below $2,000, a 100-pip movement carried a specific weight in terms of impact and volatility.
As prices rise, the pip value naturally adjusts in real terms.
This means that what was a 100-pip fluctuation when Gold was at $1,800 is now effectively a 150-pip movement at $2,750.
Proportionally, it’s the same value as before, but this shift has important implications for traders who need to recalibrate their stop-loss and take-profit orders accordingly.
Translating Pip Fluctuations into Percentages
To understand why this adjustment matters, let’s look at pip movements in percentage terms. When Gold traded at $1,800, a 100-pip fluctuation represented about 0.56% of the price. At $2,750, a 100-pip movement is about 0.36%—a significant reduction.
If we want to maintain the same degree of responsiveness in our trades, the stop-loss should be scaled to approximately 150 pips, rather than sticking to a smaller value that might prematurely trigger stops or undershoot our profit potential.
#xauusd #elliottwave long buy setup wave 5 1Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Closing my Selling order / #89 Profits rowAs discussed throughout my morning's commentary: "My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal. "
I have closed my Selling order (#2,770.80 - #2,752.80) on a fine #18-point Profit extending my results rage to #89 Profits row and #19 Stop-loss hits regarding January - October cycle. Indeed Selling sequence lasted more however due Bull Medium-term, I did decided to close my order earlier that expected. Regardless, I have closed also my both Medium-term Buying orders on #2,790.80 which I will announce in my morning's commentary. Congratulations on Profits!
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter.
I called this massive run over 2 and a half years ago on silver (linked to the post).
But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals.
Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see.
Let me know what you think and how you're approaching the precious metals.
XAUUSD Buy And Sell Trade If 15 min candle rejects 2785 than Sell with
Tp1 @ 2782.50
Tp2 @ 2780
Tp3 @ 2777.50
Tp4 @ 2775
Sl 2787.50
If 15 min candle closes above 2785 than Buy with
Tp1 @ 2787.50
Tp2 @ 2790
Sl 2782.50
BUY GOLD NOW! - (SNIPER)XAUUSD printed a new record high Wednesday morning as traders and investors dug into their pockets to bump up the prices to yet another lofty level. The precious metal rose 0.5% in the early hours, adding to Tuesday’s 1.5% gain and topping $2,790 per ounce for the first time ever. For the year, gold is up a massive 36%, outshining the broad-based S&P 500, which is up 23% for the same time span.
BUY GOLD NOW 2783-2781
TP 1: 2785
TP 2: 2789/OPEN
SL 2777
#DOLLARHUNTERX
#GOODLUCK
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week.
According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September.
After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
XAUUSD hits 2762 Twice Keep on eye candle H1 on Monday wait until it stops. Because when it shifts to bullish side it will reach the 2762. Always wait it reaches 2762 before selling this bad boy. I hope I can make myself clear dear Friends.
GOLDOANDA:XAUUSD
After reaching the low level of the buy position
After reaching the high level of selling position
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
XAUUSD TRADE ANALYSIS Although XAUUSD is at uptrend now, but the price is entering into downtrend phase to target sell side liquidity resting below. With the sell side liquidity sweep it will regain momentum back to the major trend which is uptrend.
