Gold Market Review: 22-NOV-2024Improve your trading strategy with our Gold zones. Understand market dynamics and make informed decisions.
XAUUSDK trade ideas
AFTER HITTING OUR LAST TWO TP's GOLD NEXT MOVEMENTAfter successfully achieving the 2682 zone (TP) Gold next movement is towards the possible resistance (liquidity) zone @2680 zone to 2700 zone... If there is no pull back on this zones gold next pull back possibly will be at2800 zone
XAUUSD MSD Strategy zoneNow the price broke last MA direction Level and the mid-direction is down and if that downward wave contains 3 extensions so it is just correction to 2545 range and if 5 extensions that mean large degree correction contains 3 large wave and in the smallest degree has selling zone at 2612 range and that should happened inside liquidity T-Line
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Gold London close trade idea 21/11/2024Final idea for gold for today - last 4hr closed bearish but didn't engulf previous. I could see a pullback to 2655 liquidity zone if we get a 30 candle close below 2664 before heading higher. If not id be waiting for gold to break above 2676 before jumping back in buys. The setups come. Be PATIENT. Remember you get rewarded for your patience not for your time on the charts
Gold making progressGold has been making steady progress since hitting its post-election low this time last week. Last Thursday it fell to $2,536, a level previously seen in early September. Since then, it has made solid, if unspectacular progress, rallying 5%. The post-election slump saw the daily MACD register its most oversold levels since October 2023. Gold’s progress since then has led to the MACD turning up quite sharply, suggesting that overall, momentum is finally pointing upwards. Of course, nothing goes up, or down, in a straight line, no matter how oversold or overbought it may appear. In other words, gold bulls should not be surprised to see a pullback, given this week’s rally. But as long as such pullbacks are shallow, offering an opportunity for fresh buying, then the overall direction of travel should point higher for now. Unfortunately, the situation with silver looks far from clear. Recent rally attempts have repeatedly run out of steam, suggesting that silver may have to turn lower to find a solid base for its next rally. Bulls should keep a close eye on $30, as a significant and protracted break below this level could suggest further weakness.
Gold Trade Idea (EASY SMC) Here’s a straightforward gold trading setup utilizing my preferred SMC trading strategy.
BUY XAUUSDThe sells are coming but the bulls are not exhausted yet. Anticipating another surge towards the upside. Price should reach 2673 before the end of this week.
guy what you think about this is it worth the risk tbh i really nee to know cause im about to risk 20k on this trade
Gold Market Live Signal London SessionThe short-term technical outlook for Gold price remains the same, with traders likely to adopt a ‘sell on bounce’ trade strategy as the 14-day Relative Strength Index (RSI) remains below the 50 level. The indicator is currently trading near 47.
An impending Bear Cross adds credence to the downside potential. The 21-day Simple Moving Average (SMA) is looking to cross the 50-day SMA above. If that happens on a daily closing basis, it will validate the bearish crossover.
That said, failure to find acceptance above the 50-day SMA at $2,660 on a daily closing basis could reinforce sellers toward the $2,600 threshold.
The previous day’s low of $2,610 will be tested ahead of that.
On the flip side, the immediate resistance is seen at the 50-day SMA, above which the 21-day SMA at $2,682 will come into play.
Additional recovery could face stiff resistance at the $2,700 threshold.
GOLD SELL NOW!!!!!!On a 30min time frame price of gold took out the sell side liquidity am expecting to see price revisit 2,602 area for liquidity sweep for another rally up to the buyside though we just got the sell side taken out expect a minor retracement to 2,631 then sell off from that zone to 2,602
JOIN AND ENJOY
Lets know your take on this..........?
XAU long swing. overall, this is a cup and handle pattern XAU gave earlier this year. Xau will see 2100 level again. this is the overall analysis of XAU. keep a eye on this pair
#xauusd #elliottwave short sell setup 4h 19Nov24This 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.
GOLD BUYS!!!Trade Description for Gold (XAU/USD)
Trade Setup Summary
- Instrument: Gold (XAU/USD)
- Timeframe: 4-Hour Chart
- Trade Direction: Bullish (Buy)
Key Levels:
1. **Entry Zone**:
- Planned within the **Golden Zone**, between **61.8%** ($2,946) and **78.6%** ($2,910) Fibonacci retracement levels.
- This zone is identified as a high-probability area for a reversal based on Fibonacci principles.
2. **Stop Loss (SL)**:
- Positioned just below the **78.6% Fibonacci level** at approximately **$2,910** to minimize risk if the price invalidates the setup.
3. **Take Profit (TP)**:
- **TP1**: At the **0% Fibonacci retracement level** (~$3,043), corresponding to the nearest resistance level or the top of the previous range.
- **TP2** (if applicable): Extended profit level, potentially aligned with Fibonacci extensions (e.g., -27.2% or -61.8% for continuation).
Trade Logic:
1. **Fibonacci Confluence**:
- The price has retraced into the golden zone, an area with strong historical significance for reversals.
2. **Trend Bias**:
- The current market structure suggests a potential uptrend resumption after the pullback.
3. **Risk-to-Reward Ratio (R:R)**:
- This setup offers a favorable R:R, targeting a large profit potential relative to the risk defined by the SL.
4. **Moving Averages**:
- The 50 EMA (blue) and 200 EMA (orange) act as dynamic support/resistance. A price above 50 EMA could add confirmation.
Market Considerations:
- **Price Reaction**: Monitor price action closely within the golden zone. A bullish engulfing candle or breakout would provide further entry confirmation.
- **Volume Analysis**: Increased volume on bullish candles will validate momentum strength.
- **News & Fundamentals**: Watch for U.S. Dollar (USD) strength/weakness, Federal Reserve policy updates, or geopolitical risks, as these heavily influence gold prices.
Gold’s Next Move: Short Trade Setup Amid Key RetracementGold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in mind for risk management.
Our approach is focused on capitalizing on the retracement for a short position while aligning with the overall bearish trend. If the price fails to hold key levels, a deeper bearish continuation is expected.
Technical Analysis:
• Retracement Level: Gold is at the 0.5 Fibonacci cloud level on the 30-minute chart.
• Moving Average: Currently trading above the 200MA on the lower time frame, indicating temporary bullish momentum.
• Higher Time Frame: Still bearish, reflecting a downtrend in the broader structure.
• Recent Price Action: Gold surged 1.13% above the 200MA, then retraced into the cloud, testing support for the next move.
• Trade Setup: Short-term bearish execution with targets aligned to the broader downtrend, capitalizing on the retracement level as an entry point while considering the smaller time frame’s temporary bullish momentum.
Fundamental Overview:
Gold prices rebounded in Asian trading, supported by easing US Treasury bond yields and a softer US Dollar. Geopolitical tensions between Russia and Ukraine and expectations of further stimulus measures from China provide additional support for gold. However, long-term concerns about US monetary policy and interest rate stability may weigh on the metal’s trajectory.
Traders are closely monitoring signals from Federal Reserve policymakers regarding future rate hikes. Additionally, the market is cautious about potential ripple effects from Nvidia Inc.’s earnings on the broader sentiment.
This trade takes advantage of the short-term bullish retracement on the lower time frame while staying aligned with the higher time frame’s bearish outlook. Proper risk management and vigilance toward key fundamental triggers remain essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAUUSD printing a bearish channelXAUUSD printing a bearish channel trend reversal expected at breakout, entry with a buy stop
Engulfing So FarThe downward correction seems to be on the way now. The current downward cndle is engulfing the previous rising one which indicates a further drop.However the month is not completed yet and things may still change. I am going short cauciousely.
Gold Price Today, November 18: Recovery TrendThe global gold price has recorded an increase, fluctuating around 2,584 USD/ounce. This week, the gold market is expected to remain relatively quiet, as fewer important economic data will be released. Key pieces of information that investors are awaiting include housing market data and building permits in the U.S., new home sales, and the University of Michigan's consumer sentiment survey. Additionally, statements from Federal Reserve officials will be closely monitored to assess the likelihood and pace of future monetary policy adjustments.
Looking at the technical chart, with support at 2,562 USD/ounce, gold is gradually recovering its upward momentum. If gold holds above this support level, it is likely to continue rising toward the next resistance level around 2,600 USD/ounce, and could go even higher if strong capital flows into safe-haven assets. However, if the 2,562 support is broken, gold may face downward pressure, with the next support level around 2,540 USD/ounce. Economic factors and Fed policies will play a crucial role in shaping the short-term trend of the gold market.
What do you think about today's gold price? Feel free to share your thoughts in the comments!
Friday Gold Chart Support Resistance Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2563 and 2573. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2560, 2555.
Upside Watch: Look for buying signals if it rises above! Targets: 2570, 2585.
World gold prices increased stronglyWorld gold prices exploded strongly when the USD dropped. Recorded at 9:30 a.m. on November 18, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,562 points (down 0.05%).
Although the short-term technical picture has improved, it is still too early to confirm a bottom.
“Speculators will hope the sell-off since Donald Trump's victory in the US presidential election is over. However, there is nothing to indicate that yet. Gold has fallen every day in the last week, causing the precious metal to lose more than 5% in just four days.”
This week's economic calendar focuses on the US housing sector. The market will get data on U.S. housing starts and building permits for October on Tuesday, MBA mortgage applications on Wednesday and existing home sales for October on Thursday.
Other highlights include the Philly Federal Reserve's manufacturing index on Thursday. Market participants are watching to see whether the Philadelphia region will see a surge in manufacturing activity like New York state.
🔥 XAUUSD SELL 2594 - 2592🔥
💵 TP1: 2580
💵 TP2: 2570
💵 TP3: OPEN
🚫 SL: 2603
Gold Looking Promising to the UpSideGold is displaying strong bullish momentum as it has broken above the resistance of a falling trendline, marking a significant shift in market sentiment. The bullish case is further reinforced by the presence of two key support levels: a horizontal support line, representing a previously tested price floor, and a rising support trendline, which reflects the broader upward trajectory in gold's movement. This confluence of supports has provided a sturdy base for the breakout, suggesting that the current upward move is backed by strong technical foundations. With these elements in play, gold is well-positioned to continue its bullish trend.
Gold falls - the market is still in an Uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Conversely, some Federal Reserve (Fed) officials remain cautious about further rate cuts, which could limit gold’s upward potential. Markets are recalibrating their expectations for Fed rate reductions next year as inflation concerns take center stage. Elevated interest rates tend to diminish gold's attractiveness. According to the CME FedWatch Tool, traders now see a 50.9% probability of a 0.25% rate cut, a decline from 69.5% just a month ago.
⭐️Personal comments NOVA:
Gold decreased at the beginning of the week, the market created more liquidity in the price range below 2700
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2700 scalping
TP1: $2680
TP2: $2675
TP3: $2670
🔥SELL GOLD zone: $2739 - $2741 SL 2746
TP1: $2730
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2653 - $2651 SL $2646
TP1: $2665
TP2: $2680
TP3: $2690
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️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
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
