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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

Buy opportunityTrade Idea: Long Entry: Around $2,624 (current level). Take Profit Targets: $2,667, $2,709, and $2,757. Stop Loss: Below $2,599 to minimize downside risk. Gold Price Analysis (4H Chart) Overview: The price of gold (XAU/USD) appears to be in a recovery phase after a significant corrective move. The recent uptrend suggests bullish momentum, supported by the breakout from a descending channel and an increase in positive momentum. Key Observations: Price Action: Gold has bounced off the support zone around $2,529, signaling a reversal from recent lows. The price has broken above a descending channel, confirming a potential trend reversal. Volume Profile: High trading activity is observed around $2,580–$2,620, indicating a strong demand zone. The next major volume cluster is located around $2,667, serving as a potential short-term resistance. Momentum Indicator: The Squeeze Momentum Indicator shows a clear transition into positive territory, with green bars strengthening. This suggests increasing bullish momentum. Fibonacci Retracement: Key Fibonacci levels at $2,667 (23.6%) and $2,709 (38.2%) are likely resistance levels in the short term. If these levels are cleared, the price could target $2,757, representing a 5.02% potential upside.
TVC:GOLDLong
by GODOCM
XAU/USD 20 November 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH. Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations. Intraday Expectation: Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bullish. Price Action Analysis: As stated in yesterday's analysis, I mentioned that it would not be surprising if price printed a bearish internal Break of Structure (iBOS). This expectation materialised; however, the bearish momentum was short-lived as price subsequently printed a bullish iBOS. Price has now printed a bearish Change of Character (CHoCH), which allows us to establish an internal range. Currently, price is trading near the extreme of a strong internal low and has wicked into the M15 demand zone, showing a reaction. Intraday Expectation: Technically, price is expected to target the weak internal high at 2,641.940, reacting from the current M15 demand zone. Alternative Scenario: The H4 timeframe remains in a bullish pullback phase and is trading within the premium of its internal 50% equilibrium (EQ), where a reaction is observed. Consequently, it would not be surprising if the M15 timeframe printed a bearish iBOS. Note: With the Federal Reserve maintaining a dovish policy stance and geopolitical tensions persisting, Gold price volatility is expected to remain elevated. Traders should stay cautious and remain prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Can Fall After Testing the Trendline Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD: BUYToday, gold rebounded after a pullback to around 2554. As mentioned during yesterday's session, I alerted everyone to watch the 2556-2547 range for the pullback, and unless there were any surprises, this would present a new buying opportunity. I believe those who have been paying close attention to the updates should have seized this opportunity. Currently, the market is facing resistance and is in a consolidation phase. There is a possibility of further testing of support in the short term, but in the medium term, the bulls have a stronger potential. Therefore, my trading strategy remains focused on the long side, with the primary target above 2580. Support 2554-2547, 2537-2526
OANDA:XAUUSDLong
by Mia-Signal
Gold Trend 18/11 - S-T rebound beginsThe market trend last week unfolded in line with our predictions, as the consolidation period continued. The price broke below the 2650(1) resistance level early in the week, initiating a downward movement toward our target at 2600. Subsequently, the price dropped to the weekly low of 2536 following the inflation data on Wednesday. A slight rebound occurred afterward, with the week closing near 2562 on Friday, marking a $102 decline. Following the US election, the US dollar has remained strong, leading to a drop of over $250 in gold prices over the past two weeks. Nevertheless, the selling pressure has eased after the rebound from 2538. It's worth noting that Fed Chairman Powell explicitly mentioned last Thursday that there is no rush to cut rates at the current market conditions, limiting the upward potential for gold for the time being. With no significant market data on the calendar for this week, gold prices are expected to stat sideways. 1-hr chart(above) > The downward momentum has been decelerating since last Thursday. If the price manages to break out from the current descending trendline (3), we can establish the initial upside target at 2620 (4). Given the absence of significant economic data scheduled for this week, we can regard the range of 2555-2620 (4) as the provisional operating zone. Daily chart(above) >Gold achieved a 50% retracement last week (5) and rebounded from the 100-day MA (6). We can anticipate resistance in the short term around 2600-2605(7). In case of a breach above 2600, the subsequent target is expected near the 10-day moving average of around 2630. Please give us a 🚀 if you like our work! P.To
TVC:GOLD
by 1uptick
SWING FAILURE INDICATES GOLD WEAKEN?Hello Traders, Its been a while we didn't share any trade ideas. Well post election we saw the stock market surge after Mr. Trump gain investors confidence. And that is not the case GOLD market as the demand was muted. Now lets look at our chart and see definite support broken at $2600.00. Would it rise back a little before continue its downwards or U-turn at the current level? Our stance here is to go long until $2680, coincide with 22.60% Fibonacci level and price is below MA50. The demand of gold probably will dip in upcoming weeks. Please take your money management!
TVC:GOLDLong
by ERUDITE_88
XAUUSDForex trading involves higher leverage (up to 50:1) and 24/5 market access, focusing on currency pair movements affected by economic data, interest rates, and geopolitical events - the key risk is that high leverage can quickly amplify losses, plus overnight positions face swap fees and gap risks during major news. Stock trading typically offers lower leverage (2:1 to 4:1), operates during exchange hours, and focuses on company fundamentals, earnings, and broader market sentiment - main risks include earnings surprises, market volatility, and lower liquidity in individual stocks compared to major forex pairs, while key advantages include better transparency through public financial reports and generally lower spreads than exotic forex pairs.
OANDA:XAUUSD
by HavalMamar
XAUUSD: 25/11 Today’s Market Analysis and StrategyTechnical analysis of spot gold Daily resistance 2750, support below 2637 Four-hour resistance 2720, support below 2650-37 Gold operation suggestions: Gold rose sharply last week, recovering the sharp drop of the previous week. And it stood above the 2700 mark again. After a brief weekly retracement, it recovered in the third week. From the weekly pattern, it has stabilized and rebounded steadily since the low point of 2536. There was no high-high closing low last Friday. The daily line reversed and touched the high trend, and the K-line chart showed strong performance. Gold is currently rising strongly for five consecutive days. It just plunged more than 60 US dollars because of the agreement between Palestine and Israel on the ceasefire plan. From the current 4-hour gold trend, the important upper pressure is 2710, the short-term support below is 2650, and the support below is 2637. In terms of operation, we will do more operations with a retracement, and continue to be bullish. As long as the market is above 2637, we will continue to be bullish and wait patiently for key points to enter the market. BUY:2660near SL:2655 BUY:2650near SL:2645 BUY:2637near SL:2634
TVC:GOLDLong
by ActuaryJ
Russia-Ukraine tensions appear to be spreadingRussian President Vladimir Putin today, November 22, announced that the test of a medium-range missile complex carrying an Oreshnik supersonic warhead was successful. A day earlier, Russia attacked the Southern Machine Manufacturing Factory (Yuzhmash) in Dnipro (Ukraine), saying this was a move in response to Ukraine's use of ATACMS missiles supplied by the US with Storm Shadow missiles from the UK. This week, gold prices increased by 5.7% - recording the strongest weekly increase since March 2023 - when the local banking crisis in the US broke out. The price has increased for 5 consecutive versions, for a total of more than 170 USD. Gold is the preferred tool during any political, economic upheaval and low interest rates. The price went up despite the Dollar Index reaching a 2-year peak today and Bitcoin setting a new record at 99,768 USD per coin. The gold market also ignores that the probability of the US Federal Reserve (Fed) easing monetary policy next month is gradually decreasing. Investors currently forecast that the possibility of the Fed cutting interest rates is only 53%, down sharply from 82% last week. 🔥 XAUUSD BUY 2672 - 2670🔥 💵 TP1: 2680 💵 TP2: 2690 💵 TP3: OPEN 🚫 SL: 2660
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Market Update: Bullish Wedge Completion Targets $2790sGold remains firm after breaking out of a bearish channel at $2643. The market is poised to complete a bullish wedge, signaling a confluence for continued upward momentum to mitigate the $2790s. For the upcoming weekly session, the candle formation is expected to open around $2714, with potential sweeps towards $2690 through $2680. If these sweeps do not materialize, the market may shift focus to mitigating previous highs, maintaining its bullish trajectory. comment , boost and follow for more insights THANKS ...
PEPPERSTONE:XAUUSDLong
by Ak_capitalist