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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

THE KOG REPORT - Update End of day update from us here at KOG: Yesterday we wanted price to attempt the resistance, hold and then come back down into the highlighted region, this worked extremely well for us giving a nice capture. We then suggested not shorting and following the bias target levels which was bullish above with targets 2612 and 2620. We achieved 2612 but await 2620! We have CPI tomorrow so we can expect the usual pre-event price action now, choppy and whipsawing range with support sitting at 2595 and resistance now on the flip at 2625. We're going to come back tomorrow and prepare for CPI. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
GOLD topped EXACTLY where expected and is pulling back biglyGolden topped EXACTLY where expected and pulling back bigly. Retrace should bounce a little bit at some of the next supports. Bulls need some speed brakes for drop that could go very DEEP. $2568.54 is first chance for a bounce, maybe even a big one $2549-2552 is a minor support that needs to slow the drop. $2525-2518 is Semi-Major support that could be bottom. $2344-2455 is the DO-NOT-TOUCH support . Previous Analysis that nailed the top: ================================================================== .
OANDA:XAUUSD
by EuroMotif
1
WILL #GOLD CONTINUE ITS BEARISH TREND?!Hello, I hope you're doing well! 😊 If you haven’t seen the previous analysis on #GOLD, check it out. It’s interesting—we identified the drop exactly from the top, and since then, #GOLD has experienced a drop of over 6% and hit the full target. 📉🎯 But the question is, do we expect more drop? The answer is yes. Following the previous analysis (which I’ll pin below), #GOLD can continue dropping to targets at 2527.060 and 2431.440. 📊📉 As long as it’s within the bearish channel on the 4-hour timeframe, this drop can be more powerful and sharper. If any growth happens, it would likely stop at the midline or the top of this channel as key resistances, after which we would enter the bearish phase again. 🔻🚫 However, if there’s an upward breakout of the bearish channel, it doesn’t turn bullish. We’d see more growth in the form of a correction before the continuation of the drop to the mentioned targets. 🔄📉 This growth (in case of an upward breakout) could stop around the slower bearish trendline or, at most, the resistance range between 2692.630-2712.840. 📈🛑 Only if #GOLD can break the 2712.840 resistance to the upside on the daily timeframe will it enter a bullish trend, aiming for new historical highs. 🚀💰 This is just my personal opinion and serves only as a complement to your own analysis. 📊💬
OANDA:XAUUSDShort
by Eldorado_Land
Bearish trend, the lower target is around 2600Gold daily line fell below a new low again. After a short rebound was blocked, it began to fall. After a short correction, it was ready to break the low again to open the falling wave, and at the same time pulled the indicator to turn downward. The short-term market is expected to repair the rise, and the trading strategy is to maintain the rebound short position. Gold 4-hour moving average continues to cross the downward short position arrangement. The decline of gold is far from over. After gold fell below the last low of 2643, gold now 2643 has become a resistance to suppress gold's rise. Gold continues to be sold below 2643 in the Asian session. Gold rebounds near 2640 and can be sold. First support: 2603, second support: 2592, third support: 2578 First resistance: 2633, second resistance: 2642, third resistance: 2658 Trading strategy: BUY:2602-2604 SELL:2640-2642
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow. Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616. THE MAIN IDEA : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
18
Bearish Continuation with Potential Reversal!OANDA:XAUUSD 4H Chart Current Price: 2563.200 Descending Channel: A bearish pattern where price moves between two downward-sloping parallel trendlines, with the upper trendline acting as resistance and the lower trendline as support. This indicates sellers are in control, pushing the price lower with each rally. Bearish Continuation Pennant: A chart pattern that forms after a sharp decline, followed by a small symmetrical triangle. It indicates a pause in the downtrend before the price continues lower, with sellers in control. A breakout to the downside confirms the continuation of the bearish trend. RSI Bullish Divergence: RSI Bullish Divergence occurs when the price forms lower lows, but the Relative Strength Index (RSI) forms higher lows. This indicates a weakening downtrend and suggests that the bearish momentum is slowing, potentially signaling a reversal to the upside. Key Levels: • Strong Pivot: 2578.125 • Ultimate Support: 2500.00 • Major Resistance: 2656.379 Outlook: After analysing, we can see that the price has been rejected multiple times from Strong Pivot at 2578.125, and has formed a Bearish Continuation pattern. Since the RSI is below the 50 line, it is still considered bearish territory, so the price is most likely to drop to the Ultimate Support (psychological level). Then, we expect the RSI Bullish Divergence to show its effect and push the price back to the Strong Pivot (2578.125). After a breakout of this level, we expect the price to reach the Major Resistance at 2656.379. Happy Trading
OANDA:XAUUSD
by SpicyPips
1
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends, Ben here! Gold (XAU/USD) extended its recovery early Monday, testing the $2,600 level and ending a six-day losing streak after a false breakout and a retest of $2,546. The latest surge in gold prices may be tied to escalating geopolitical tensions between Russia and Ukraine, following the U.S. authorization for Ukraine to use long-range weapons to strike Russian territory. However, the latest Kitco News Weekly Gold Survey reflects a bearish market sentiment. Specifically, the continued rise in the USD and bond yields is exerting downward pressure on gold prices. Additionally, the Federal Reserve (Fed) has adopted a more hawkish stance, posing further challenges for the precious metal. Looking ahead, with gold prices still at low levels, central banks may return as buyers in the market. However, Europe's ongoing economic struggles are pressuring the euro, prompting increased USD purchases to counter depreciation. As a result, gold prices may trade sideways or see additional declines unless a major geopolitical event emerges. This week, the gold market is expected to remain subdued due to the lack of major economic data releases. Key focus areas include U.S. housing starts and building permits, home sales, and the University of Michigan Consumer Sentiment Survey. Additionally, market participants are awaiting comments from several Fed officials to assess the pace and scale of upcoming interest rate cuts. From a technical standpoint, gold is thoroughly testing the resistance zone around $2,600–$2,589, attempting to offset market losses. Theoretically, a false breakout and consolidation below this zone could lead to further declines. Currently, I do not rule out the possibility of liquidity testing above this resistance zone ahead of significant news events. A false breakout could trigger selling activity, further reinforcing bearish momentum. However, if prices rebound near the $2,600 resistance and begin a smooth decline towards $2,546, it would generally increase the likelihood of a breakdown and continuation of the downtrend.
OANDA:XAUUSDShort
by Bentradegold
Closing both orders with profit / #93 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have made quick buck few moments ago and will keep operating with Selling order within my well know range. I do not expect any Bullish Short-term reversals as Trade remains "Sell every High's" which Gold delivers. I do expect Gold to continue Trading under Selling pressure and eventual #2,652.80 benchmark break-out." I have engaged first Selling order with #2,663.80 entry point and closed the order on #2,640.80 (delivering fine #23-point Profit) and since #2,640.80 Support was invalidated on aggressive manner, I have re-Sold Gold (following DX numbers of course) with #2,638.80 entry point and closed my order on #2,618.80 on a fine #20-point Profit (#43 in total for the session and with #70-points on Elections day aftermath, #113-points in total just within few sessions). My position: Gold is delivering excellent Selling opportunities as I am expecting even more pain for Buyers on Gold. All this is closely attached to DX on aggressive relief rally which is delivering heavy Selling pressure on Gold. Due Daily chart's #MA50 break-out and market closing below, I am expecting #2,552.80 benchmark before stagnation zone (as discussed many times on my remarks that #2,552.80 - #2,600.80 is ahead). I have engaged new Selling order with #2,595.80 entry point (optimal Target remains #2,552.80 benchmark).
OANDA:XAUUSDShort
by goldenBear88
2
Closing both orders with profit / #93 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have made quick buck few moments ago and will keep operating with Selling order within my well know range. I do not expect any Bullish Short-term reversals as Trade remains "Sell every High's" which Gold delivers. I do expect Gold to continue Trading under Selling pressure and eventual #2,652.80 benchmark break-out." I have engaged first Selling order with #2,663.80 entry point and closed the order on #2,640.80 (delivering fine #23-point Profit) and since #2,640.80 Support was invalidated on aggressive manner, I have re-Sold Gold (following DX numbers of course) with #2,638.80 entry point and closed my order on #2,618.80 on a fine #20-point Profit (#43 in total for the session and with #70-points on Elections day aftermath, #113-points in total just within few sessions). My position: Gold is delivering excellent Selling opportunities as I am expecting even more pain for Buyers on Gold. All this is closely attached to DX on aggressive relief rally which is delivering heavy Selling pressure on Gold. Due Daily chart's #MA50 break-out and market closing below, I am expecting #2,552.80 benchmark before stagnation zone (as discussed many times on my remarks that #2,552.80 - #2,600.80 is ahead). I have engaged new Selling order with #2,595.80 entry point (optimal Target remains #2,552.80 benchmark).
TVC:GOLDShort
by goldenBear88
GOLD FORECASTIn this analysis we are focusing on 4H time frame for finding the upcoming changes on gold price. As we know that bearish momentum is very strong. So what do we need to do is just wait for price when it comes to our level and give any kind of rejection or any buy confirmation, then we will execute our buy trade. In my opinion and I'm expecting that price will bounce back toward upside after testing the zone. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #XAUUSD 4H Technical Analyze Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. We broke our Key Level mentioned in our channel 2678 . Breaking below it, resulted in a price drop and a clear direction setup. We are now targeting our next KL (Key Level) at 2650 and if broken, we could very easily revisit 2600s (2604.700) to be exact. Overall we will be looking for sells at this point, even though we are extremely bullish on XAUUSD. 2600s is a key demand zone and we could continue back up from there. KEY NOTES - XAUUSD broke 2678 and dug deeper in the price. - Break of 2650 (our next KL) would result in more sells. - Possible revisits of the key demand zone at 2600s. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
2
XAUUSD US Election Rally Sell Gold @ 2784 - 2786🥇XAUUSD💵 US Election Rally 💎Sell Gold @ 2784 - 2786💎 Tuesday 11/05/2024 07 PM 2790 StopLoss —> 2783.5 BreakEven+ Scalp TakeProfit 1: 2782 TakeProfit 2: 2780 TakeProfit 3: 2778 Daily TakeProfit 4: 2776 TakeProfit 5: 2774 Swing TakeProfit 10: 2764 TakeProfit 20: 2744 TakeProfit 30: 2724 Position TakeProfit 50: 2684 TakeProfit 100: 2584 TakeProfit 200: 2384 TakeProfit 300: 2184 Richard Eyo ~ The Wizard 🧙‍♂️
PEPPERSTONE:XAUUSDShort
by SmartWizardFX
GOLD - longWe know that price of gold is supposed to go up long term. Recently was strong correction from ATH caused by Presidential Election. It feels for me like correction is over and if price break resistance to the upside, I want to see bullish structure to go long. Or if price wants to continue bearish correction, I want to see price break support to further go lower. I don't get biased. If we really want to win in this game, it is only possible by... 'disciplined religious brutal obsessed consistency' ~AS Malone
OANDA:XAUUSDLong
by adameksad
GOLD ROUTE MAP UPDATEHey Everyone, What a day in the markets today with another big drop following on from last weeks election move. We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum. We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range. We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 - DONE EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 - DONE EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 (DONE) - 2608 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8