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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

RETRACEMENT TO 70.5% (?) - XAUUSDI was wrong about the bear trap at 2600. 2540 served as a stronger support, matching an imbalance area in HTF of 1D. It was natural and necessary in order for buying interest to come in at such better discount level. Now, let's see if we manage to anticipate a probable retracement of this week's and last week's fall. Here, I try to illustrate with annotations the possible outlook for gold and it's potential pattern formations along with its areas of consolidation and liquidity grabs. It's just an outlook and a fun drawing of the market. Let's see what happens. - GOOD LUCK!
ICMARKETS:XAUUSDLong
by PersaGold
GOLD → Correction ahead of PPI before falling to $2470FX:XAUUSD on the news continues its bearish rally. The price is breaking the structure of 2547. A false breakdown and counter-trend correction may form before PPI and Powell's speech... Demand for the dollar rises at the expense of gold. Trump-led euphoria continues to support the index despite relatively weak CPI data and the stance of Fed policymakers. In the medium term, the focus is on the next Fed rate meeting. The most likely scenario is a 0.25% rate cut. Bulls in gold are likely to have to reassess their medium-term targets as the dollar's rise caused by Trump's trade is outweighed despite the Fed's relatively dovish stance. For today, all eyes are on Powell's speech and PPI and jobless claims. Technically, gold is testing the important level of 2546 as part of a strong decline. A false breakdown and correction is possible. Resistance levels: 2577, 2589, 2595 Support levels: 2546, 2531, 2500 Before the news, a rebound to the imbalance zone or local resistance may be formed in the hope to win back the losing positions of those who have not yet managed to leave the market. I expect that after the correction the price will continue its decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
GOLD DOWN TREND BEST TRADESHORTCUT STRATEGY tradeshortcut strategy 7 simple set use 4 hr time frame identify breker (or choch and adjust the area ( correctlly please ) liquidity test area ( usually its located before the choch ) identify fvg use 0-0.71-1 fib sl at low of fib tp at the hight of fib final expected result : 4 advise your entry is in amazing set you can grap more than 1:5 - 1:20 ratio you can loss little percentage ( 1-10% ) each time you trade with at least 1000$ i recommend you to use only 0.01 lot
OANDA:XAUUSDShort
by tradeshortcut
Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and is also slightly below the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,589.18 Why we like it: There is an overlap resistance level that is slightly below the 23.6% Fibonacci retracement and also lines up with the 61.8% Fibonacci retracement. Stop loss: 2,625.45 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Take profit: 2,546.42 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
XAU/USD (Gold) Risk On Effect This Week..As Trump gains all swing states and takes hold of congress, he has a mandate to make a lot of changes. Investors typically view this as inflationary, as well as pro-growth. This has fed into Markets this week and is providing a large amount of Risk On Sentiment Bias. That means investors are withdrawing from typical safe haven assets (Gold, Yens etc) and driving into risk assets like equities, cryptocurrencies and risk currencies. The current waning of demand on Gold comes about from USD strength (as mentioned inflationary effect) and removal of safe haven inflow. Key levels noted below, should sentiment continue. Would only re-short on pullbacks to ride wave.
FOREXCOM:XAUUSD
by WillSebastian
XAUUSD GAP UP = BULLISH ?? 18-11-2024FRIENDS.. Given that XAU/USD closed at 2561 on Friday and is now trading at 2590, with a high of 2597, this suggests a strong bullish momentum at the start of the week. Here’s what you should consider : The price has gapped up significantly from Friday. This often indicates strong buying interest, Maybe due to market news or positive sentiment over the weekend. The price is reaching 2597, which might act as a psychological resistance. If it breaks above this level and holds, it could indicate further upside potential The quick rally from 2561 to 2590 suggests strong momentum. If this continues, we could see a test of 2600 or higher Buy if the price breaks above 2600 with strong volume set a stop loss near 2590 try to find confirmation m30 or above. Sell if it fails to break 2597-2600 and starts reversing. In this case, set a stop loss above 2605. Goodluck always DYOR before opening position
OANDA:XAUUSD
by KENAROKTRADINGFX
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950 (completed support line) would be the key price point for that level. Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level. TAYOR. Safeguard capital always.
OANDA:XAUUSD
by JSAL
7
GOLD fell despite CPI supporting interest rate cutsOANDA:XAUUSD became a "victim" of Trump and the price plummeted to 2,564 USD/oz. CNN and NBC confirmed that Donald Trump has won three consecutive victories and the Republican Party maintains a slim majority in the US House of Representatives. The US Consumer Price Index (CPI) for October was in line with expectations and the Fed's December interest rate cut was priced in, boosting crypto buying. What any trader needs to do to survive in the "Trump Environment" is to follow "Trump" X because each of his status lines will directly impact the financial market. News Bloomberg reports that Republicans maintain a slim majority in the U.S. House of Representatives, giving Trump and his party unified control of elected government agencies and limiting potential restrictions on with the power of the incoming president. CNN and NBC News reported Wednesday that the Republican victory significantly dampened Democrats' hopes of curbing Trump's influence in next year's bitter showdown over trillions of dollars in government spending. Tax provisions are about to expire. Trump wants to extend tax cuts approved during his first term and add new measures he promised during the campaign. US CPI is in line with market expectations, the Fed is certain to cut interest rates in December The US Bureau of Labor Statistics reported that the US seasonally adjusted annual CPI rate in October was 2.6%, marking a recovery in inflation from September, when the CPI increased 2.4%. % compared to the same period last year. Core inflation, excluding food and energy items, increased 3.3% year-on-year, which may better reflect the underlying inflation trend. Both results were in line with market expectations, and this was the first inflation report since the US election. Although inflation tends to cool down, US President-elect Trump took office during a sensitive period for the US economy, causing gold to remain suppressed. The Fed's goal is to lower interest rates to ensure the economy continues to grow healthily without causing inflation. Federal Reserve members are tempering market expectations for an aggressive central bank easing cycle, but the market remains fairly confident of another 25 basis point rate cut in December. . Traders are currently pricing in around an 83% chance the Fed will cut interest rates in December, compared with 60% ahead of the US inflation data. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has broken below the price channel to facilitate a new bearish cycle with a near-term target around $2,548 rather than the $2,528 level noted by readers in the previous issue. . Meanwhile, the Relative Strength Index continues to point down with a steep slope without reaching the oversold area, showing that the bearish outlook is still ahead and the recovery phase may not yet occur. Gold had had 4 consecutive days of strong declines before that. During the day, the technical outlook for gold remains bearish with notable points listed as follows. Support: 2,548 – 2,528USD Resistance: 2,580 – 2,588 – 2,600USD SELL XAUUSD PRICE 2644 - 2642⚡️ ↠↠ Stoploss 2648 →Take Profit 1 2637 ↨ →Take Profit 2 2632 BUY XAUUSD PRICE 2546 - 2548⚡️ ↠↠ Stoploss 2542 →Take Profit 1 2553 ↨ →Take Profit 2 2558
OANDA:XAUUSDShort
by Xayah_trading
2
Gold H4 | Potential bearish reversalGold (XAU/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,593.16 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 2,628.00 which is a level that sits above an overlap resistance. Take profit is at 2,526.62 which is a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Money flows out of GOLD ETFs, market focusAs the US Dollar strengthens ahead of the release of economic data and comments from Federal Reserve officials, these comments could provide insight into the direction of interest rates under the Trump administration. On Tuesday (November 12), OANDA:XAUUSD dropped to the lowest level in nearly 2 months. By the time this article was completed, gold was trading around 2,611 USD/oz, equivalent to an increase of 0.50% on the day. Dollar index TVC:DXY rose to a 4-month high, making gold more expensive. The US Dollar is expected to benefit from a number of policies of Republican President-elect Donald Trump, which could keep US interest rates relatively high for a long time, which will be an unfavorable environment for gold. not profitable. Wall Street's major indexes hit new closing highs on Monday, boosted by stocks poised to benefit from Trump's potential fiscal policies. Bitcoin also extended its record rally, while short-term US Treasury yields rose to a 3-1/2-month high. Market focus has now shifted to October consumer price index data released on Wednesday, producer price index and weekly jobless claims data released on Thursday and payroll data. Retail sales numbers are released on Friday. Several other central bank governors are expected to speak this week, including Federal Reserve Chairman Jerome Powell. Gold ETFs experience large outflows The World Gold Council said in its latest report that the US election results have influenced gold's impressive gains since the beginning of the year. Reasons include continued strength in bond yields and the US dollar, risk-on sentiment in the stock market, a push for cryptocurrencies and easing geopolitical tensions. The World Gold Council said global gold ETFs are expected to fall by $809 million (12 tons) in the first week of November, with most of the outflows from North America. In addition, COMEX's net inventory also decreased by 74 tons, down 8% compared to the previous week. The world's largest gold-backed exchange-traded fund (ETF) saw its biggest weekly outflow in more than two years last week following Trump's decisive victory in The election prompted traders to take profits. According to data compiled by Bloomberg, outflows from the SPDR Gold Trust, the world's largest gold ETF, surpassed $1 billion last week, the largest weekly outflow since July 2022. Price Spot gold decreased by 1.9% over the same period. The ETF's total gold holdings decreased by 0.4%, down for the second consecutive week. In times of political and economic uncertainty, investors often seek the safety of gold. Last month, they sought the safety of gold amid growing expectations that the US presidential election would be a hotly contested one. But with Trump winning key battleground states and Republicans taking control of the Senate, the results clearly prompted investors to exit their positions to take profits. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold recovered from the key support level highlighted by readers in yesterday's edition at $2,588 and returned to the price channel. The fact that gold is trading above the 0.786% Fibonacci retracement level gives it scope for a recovery but the current position will remain unchanged with all conditions tilting towards a bearish outlook. Gold's recovery may continue with a short-term target of around 2,640 USD, the price point of the 0.618% Fibonacci retracement level. However, a new bearish cycle will be opened once gold falls below $2,588 and the target is then around $2,548 in the short term, more than $2,528. As long as gold remains in the price channel below EMA21, the main trend will still favor the bearish outlook, rallies should be considered short-term corrections. During the day, the outlook for a recovery with a main bearish bias will be highlighted by the following technical levels. Support: 2,600 – 2,588USD Resistance: 2,627 – 2,640USD SELL XAUUSD PRICE 2661 - 2659⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2654 ↨ →Take Profit 2 2649 BUY XAUUSD PRICE 2559 - 2561⚡️ ↠↠ Stoploss 2555 →Take Profit 1 2566 ↨ →Take Profit 2 2571
OANDA:XAUUSDShort
by Xayah_trading
1
Two scenarios lead to 2600 !! Hi guys, as you can see, the price broke the uptrend line then retraced back to, then went down, more likely will go to the destination 2600!! Two scenarios lead to 2600 in different ways! 2600 is so important price here because the price will touch there so important uptrend line which had not been broken since 14/02/2024 and even 2600 is the 38.20% Fibonacci level on the daily frame. As you could see that all drawn Fib levels and all the uptrends line were respected by the price! and that gave me confidence that Gold would continue in respecting them for the next phase too. all is going according to the system! Scenario 1!! Gold will go straight to 2600 and will be pushed up from 2600 then a retrace back to settle on to form the head and Shoulders pattern, which will not be broken on its neckline and guess what price too is there!!! yes it is 2600 still... normally according to what I observed before many times, if that neckline of that pattern will not be broken to down, so a huge bullish retrace will be generated to send the gold to around 2840 or a bit higher then settle on to send the gold price even further to the upper Fib level or higher than it, up to 2995-3000 Scenario 2!! ((more likely to happen)) ((Another scenario could happen too that gold would be pushed up to 2735 before reaching to 2600 to test again the uptrend line which had been broken earlier but again will have to fall down in a free fall also towards 2600! Note!! In a daily candle would close under that uptrend line and Fib level under 2600.. so gold would go to 2531 then retrace up the trend line to retest it then would have a free fall further down.. This scenario I do not believe it is going to happen! I hope I was able to make you realise the importance of 2600 ..this price is a most important game changer price!! This analysis is exclusive to me only and is not an advice for buying, selling or trading and it is not more than a simple idea or thought of the most likely scenarios according to my knowledge and experience.. My content is free of charge completely for all life long and I do not sell any signals but I wanted only to help))
ACTIVTRADES:GOLDShort
by moustafa_marei
9