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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

GOLD Outlook: Bearish Below 2558, Key Levels in FocusGOLD Technical Analysis GOLD has dropped about $70 as highlighted in the previous analysis. The price remains under bearish pressure as long as it trades below 2558, aiming to reach 2526. If it falls below 2526, it may further decline to 2500. For a bullish reversal, GOLD needs to break above 2558. This could lead to targets at 2576 and 2588. However, if the price cannot stabilize above 2588, a decline is likely. Key Levels: Pivot Point: 2558 Support Levels: 2526, 2516, 2500 Resistance Levels: 2576, 2588, 2606 Trend Outlook: Bearish while below 2558 Bullish until 2588 if it breaks above 2588 previous idea:
OANDA:XAUUSDShort
by SroshMayi
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
How Gold Could Unfold In The Near Future.The drop from highs comes after an extreme rally for over a year. Often, with most Markets when you have one period of extreme, Markets eventually unfold and develop into the next phase or trend, which is sentiment driven. In this case, Gold essentially de-pegged from its classic and traditional safe haven stance to become a free spirit. Sentiment case came from a lot of Chinese demand and was propelled by risk on via FED rates coming down. Now, we can see that Gold particularly is being driven by a lessening of safe haven asset holdings and more inflows into assets like the USD on hopes of economic improvement post election. This sentiment case is alike to other ones. If you look post financial crisis, as the world recovers traders start to take on more risk and move out of safe haven assets. There has not been a crisis so far as such, but the same effect is still occurring now. I would not be surprised if this trend continues. Levels for Re-longs noted. Starting light on first, getting heavier as we fall. Any pushes back towards highs and I will re-short.
OANDA:XAUUSDShort
by WillSebastian
5
GOLD WAVE 4 UNDERWAY final top 3200The chart posted ahs been my work and view of GOLD we topped into major wave 3 at the higher targets of 2824 plus or minus 50 . I turned rather bearish at 2763. We are now in the pullback and will post details for wave 4 low this will mark a nice bottom and we will see the LAST BULL MARKET WAVE UP into 3200 from this point I see a 1980 top and then The major crash similar to 1980 to 1982 . BTW I made my first windfall into the 1982 low in gold and silver at 26 yrs old I feel rather strong as to the similarities Regan =Trump
FX_IDC:XAUUSD
by wavetimer
1
XAUUSDGOLD BUYERS are weak by close of Newyork session on Friday they failed to break 2573-2574 zone indicating that dollar impulse and fed Dallas speak sentiment will keep dollar buyers on bullish sentiment. while inflation is not within 2% yet and unemployment data coming above expectation ,FED (federal reserve) is not kin on rate cut or increase pending on data report which are viewed as watch tools ,as they will not want to spoil the job market. GOLD WILL PLAY INTO CONSOLIDATION FROM THE SUPPLY ROOF and the demand floor will try to break the previous all time low of 2537.5 while keeping the descending trend line active as litmus test for buying the deep which i see in the zone 2508-2510 another 300pips drop or more. on bullish bet watch out for break of Friday candle high which is 2574-2573. trade with caution ,GOLD is very volatile and we need better calibration for final buy signals,
BLACKBULL:XAUUSD
by Shavyfxhub
XAUUSD:13/11 Market Analysis and StrategyGold technical analysis Daily resistance 2710, support below 2580 Four-hour resistance 2626, support below 2580 Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways. Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time. SELL:2638near SL:2641 SELL:2626near SL:2730 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
GOLD (XAUUSD): Core CPI Ahead! Your Plan:Don't forget that today's CPI release is expected, and gold is likely to react significantly to this news. Here are the possible scenarios: 📈 Bullish Scenario The market has formed an ascending triangle on the 1-hour chart and is currently testing its neckline. A break and close above this level would be a strong bullish signal, potentially pushing prices up to the 2635 level. 📉Bearish Scenario There is a strong rising trend line that the price is currently respecting. A bearish break and a 4-hour candle close below this trend line would be a strong bearish signal. The market could then drop to the 2545 level. Wait for the news release and then look for a breakout to confirm the direction.
TVC:GOLD
by linofx1
4
Is Overtrading Ruining Your Profits? Find Out Now!Is Overtrading Ruining Your Profits? Find Out Now! Understanding Overtrading: Causes, Symptoms, and Prevention Strategies What Is Overtrading? Overtrading is a dangerous practice in the trading and investment landscape, defined by the excessive buying and selling of financial instruments that often goes beyond an established trading plan or acceptable risk thresholds. Traders frequently fall into the trap of overtrading due to strong emotional influences such as greed, fear of missing out (FOMO), or a desperate attempt to quickly recover from previous losses. This behavior leads to impulsive decisions that may not align with rational analysis. Furthermore, the relentless stream of market information and the fear of missing profitable opportunities can exacerbate the temptation to trade more than necessary. Another primary driver of overtrading is a lack of discipline. Traders sometimes mistakenly believe that more frequent trading equates to greater profit potential, a notion particularly common among novice traders. These traders may equate high trading activity with success, failing to realize that less frequent, well-researched trades often yield better results. As overtrading takes hold, its consequences can be severe. Frequent buying and selling can lead to diminished profits due to increased transaction costs, such as commissions and fees, eroding potential gains significantly. Moreover, the constant trading exposes traders to heightened market volatility, increasing the risk of sudden negative price swings. The emotional ramifications of overtrading are equally concerning. High-frequency trading activities can elevate stress levels, resulting in anxiety and compromised decision-making capabilities. Emotional states such as fear and impatience can cloud judgment, causing traders to stray from their original trading strategies. Identifying Symptoms and Types of Overtrading Overtrading presents itself through a range of symptoms and behaviors. By recognizing these signs, traders can take proactive steps to mitigate the risks associated with overtrading. Below are key symptoms and classifications of overtrading: Symptoms of Overtrading - Excessive Trade Frequency: Traders engaging in overtrading execute an unusually high number of trades, often without a concrete strategy or rationale. - Impulsive Decision-Making: Traders may find themselves making quick, emotionally driven decisions, often fueled by FOMO or a desire for immediate profits. - Neglecting Risk Management: Overtrading often leads to ignoring fundamental risk management principles, resulting in oversized positions and inadequate use of stop-loss orders, which heightens exposure to potential losses. - Emotional Trading: The stress associated with frequent trading can lead to fluctuating emotions, such as anxiety and frustration, further impairing judgment and resulting in erratic trading choices. - Chasing Losses: Overtraders commonly indulge in "revenge trading," where they attempt to recover losses quickly by taking on higher risks or deviating from their established trading plans. Types of Overtrading - High-Frequency Trading (HFT): This strategy involves executing a vast number of trades in a short time, often through automated systems. While HFT can yield quick profits, it often incurs high transaction costs and detracts from thorough analytical scrutiny. - Scalping: Scalpers aim to profit from minor price changes by conducting numerous trades throughout the day. While legitimate, excessive scalping can lead to significant stress and minimal net gains. - Day Trading Addiction: Some day traders may become overly attached to the excitement of constant trading, leading to impulsive decisions and diminished profits. - FOMO Trading: Traders influenced by FOMO rush into trades without adequate analysis, driven by the fear of missing out on potential profits. - Excessive Diversification: Overtrading can result in overly diverse portfolios without sufficient research, leading to a lack of focus and diluted returns. Strategies to Overcome Overtrading To effectively mitigate overtrading, traders need to cultivate self-awareness, discipline, and specific strategies to rein in impulsive trading habits. Here are key steps to consider: 1. Develop a Comprehensive Trading Plan: Creating a detailed trading plan with defined entry and exit strategies, risk management rules, and profit targets can provide a structured framework, reducing impulsive trades. 2. Set Trade Limits: Determine the maximum number of trades you will execute daily or weekly to prevent excessive trading and maintain focus on quality opportunities. 3. Practice Patience: Cultivate the ability to wait for high-probability setups that align with your trading plan. Resist the temptation to trade out of impatience or boredom. 4. Utilize Stop-Loss Orders: Implementing stop-loss orders for every trade helps control potential losses, safeguarding capital and minimizing emotional decision-making in volatile conditions. 5. Avoid Revenge Trading: After a loss, resist the urge to immediately make trades to recover those losses. Take time to reassess your strategy and avoid letting emotions dictate your actions. 6. Maintain a Trading Journal: Keep a detailed log of all trades, including the thought process behind each decision and emotional experiences. Reviewing this journal helps identify patterns associated with overtrading. 7. Limit Market Monitoring: Reduce the amount of time dedicated to watching the markets and financial news. Continuous monitoring can prompt impulsive actions based on transient market fluctuations. 8. Prioritize Quality Over Quantity: Focus on high-quality trades that align closely with your trading plan rather than accumulating a large number of trades. 9. Take Breaks: Regularly stepping away from trading can alleviate stress and allow for clearer thinking, enhancing your trading strategy. 10. Seek Mentor Guidance and Community Support: Engage with trading peers or mentors who can provide advice and accountability in your trading practices. 11. Practice Mindfulness: Develop mindfulness techniques to increase awareness of your emotions during trading. Recognizing emotional influences allows for better decision-making. Implementing these strategies can bolster a disciplined, mindful approach to trading. Remember, trading success hinges on patience, focus, and adherence to a carefully constructed plan. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. and Also... and... In conclusion... In the fast-moving realm of financial trading, the temptation to engage in overtrading can derail even seasoned traders from their financial objectives. By developing a thorough understanding of overtrading—its signs, causes, and classifications—traders can navigate with greater awareness and confidence. Successful trading isn't merely about rapid profits or constant activity; it demands discipline, strategic focus, and the ability to maintain composure amidst market volatility. Through self-discipline and commitment to a well-structured trading plan, traders can protect their investments from overtrading's adverse impacts. Whether you are an experienced trader aiming to refine your strategies or a beginner initiating your trading journey, recognizing and addressing the tendency to overtrade is crucial. Embrace the journey of self-awareness and continuous learning, as it is the cornerstone of achieving long-term financial success in trading. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. 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SAXO:XAUUSDEducation
by FOREXN1
1
Gold buy momentum here is opportunity read the caption From the long-term Elliott wave perspective, price appears to be correcting the bullish cycle that started in October 2023 when Gold was exchanged for 1810. After completing wave (IV) of the supercycle degree in September 2022, Gold rallied to complete waves I and II of (V) in May 2023 and October 2023 respectively. Thus wave III of (V) started in October 2023 at 1810. However, it appears wave III has not finished yet. The current pullback is expected to either be in wave ((4)) of III already or wave (4) of ((3)) of III. The most important task now is to note what
OANDA:XAUUSDLong
by Mrsam36
Could Gold reverse from here?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 2,555.82 1st Support: 2,530.28 1st Resistance: 2,588.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
1
XAUUSD Economic Showdown: Kamala vs. Trump Elliott Wave Analysis In the Elliott Wave Theory, markets move in repetitive cycles or "waves," consisting of five impulse waves and three corrective waves. The current chart shows we are approaching the end of the 5th wave in the current bullish cycle, suggesting that a correction is imminent. Wave Count and Structure: The chart shows that we have completed waves I through IV and are in the final leg of wave V. The final leg of Wave V appears to be nearing its top (as marked by the circled number "5" in red). Wave V itself is subdivided into smaller waves, and it appears that the minor wave (5) of the larger Wave V is concluding. Key Resistance Levels: The invalidation level at 2,779.105 suggests that if the price breaches this level, the current Elliott Wave count is likely incorrect, and further upside would be expected. Another important level is 2,749.568, which marks the potential end of Wave V and the likely beginning of a correction. Fibonacci and Price Targets: The Fibonacci extensions marked on the chart suggest potential price targets for the top of Wave V. The range between 2,749.568 - 2,779.105 indicates a resistance zone where gold might face selling pressure. Next Steps Based on Elliott Wave: If the wave count holds, we can expect a corrective move, which will be identified as Wave A, B, C (a three-wave correction). A retracement to key levels such as 2,604.790 or possibly lower to the 2,500 area could be expected during this correction phase. Wyckoff Method Integration The Wyckoff Method, which focuses on market psychology and supply/demand imbalances, is also heavily referenced in the chart. Phase B of Distribution: The chart indicates that we are in a Wyckoff Distribution phase, where the market is likely reaching a peak before distributing its supply, resulting in a price decline. The UT (Upthrust) in Phase B suggests that we might have seen the final push higher, signaling a reversal. The SOW (Sign of Weakness) and ST (Secondary Test) marked on the chart are early warning signs that distribution is in progress. Break of Structure (BOS): The Break of Structure (BOS) noted in several areas suggests that the upward momentum may be waning. These BOS/MSB (Market Structure Breaks) on both Wave 3 and Wave 5 in the smaller degree waves could indicate an early signal of a bearish reversal. Support Levels: Key support levels are outlined, including 2,421.241, which marks a major resistance line that could become a new support if price retraces. The chart shows that price may return to test these support levels during the corrective phase of the market cycle. 2-Week Outlook: Given the current market structure and technical setup, the outlook for the next two weeks is as follows: Short-term Upside Potential: There could still be a small upward push towards the 2,749-2,779 area as the market completes Wave V. Imminent Correction: Once Wave V completes, expect a reversal or correction, likely targeting the 2,600-2,500 zone. The correction could play out as an ABC pattern in the coming weeks. Support Levels in Play: During the correction, we expect the 2,604.790 level to act as the first line of defense, followed by deeper support around 2,421.241 if the sell-off gains momentum. The confluence of Elliott Wave and Wyckoff analysis points towards an exhaustion of the bullish trend, and traders should prepare for potential downside. Discussion of the Upcoming Interviews (Kamala Harris and Donald Trump) from an Economic Perspective: Regarding the upcoming live interviews with Kamala Harris and Donald Trump, several key economic topics may emerge given the current landscape: Inflation and Monetary Policy: Both Kamala Harris and Donald Trump are likely to face questions about their stance on inflation and interest rate policy. With inflation continuing to challenge the global economy, there will likely be discussions on the Federal Reserve's future actions. Expect Trump to criticize the Biden administration for "mismanaging" inflation, pointing to his own policies that he claims helped maintain price stability. Kamala Harris will likely defend the current administration’s fiscal policies and efforts to reduce inflation through supply chain improvements and energy transition initiatives. Economic Growth and Job Creation: The state of the U.S. economy, particularly in terms of GDP growth and employment rates, will be key discussion points. Trump's economic platform traditionally emphasizes tax cuts and deregulation, which he argues will stimulate growth. Harris, on the other hand, is expected to highlight investments in infrastructure and green energy as long-term growth strategies. Trade and Global Economy: Trade relations, particularly with China, will be a central theme. Trump has been vocal about his approach to tariffs and reducing dependency on China. Harris, representing the Biden administration, will likely emphasize a multilateral approach to trade and focus on rebuilding alliances while tackling issues like supply chain resilience. Federal Budget and Debt: The growing national debt will be another major point of discussion. Trump is likely to stress his intention to rein in government spending and reduce the debt burden through policies such as entitlement reform. Harris, meanwhile, will defend the administration’s spending on social safety nets and argue that investments in education and healthcare are necessary to support a growing middle class. In both interviews, it is expected that the candidates will adopt sharply different economic views, reflecting their broader political platforms. Expect sharp contrasts on fiscal discipline, taxation, and the role of government in driving economic recovery and managing inflation.
OANDA:XAUUSDLong
by spacedevil
9
A new gold rush?After the American elections are over, we can declare that the big winner was none other than Elon Musk. Or was it Donald Trump? Following this, the newest American president publicly called on institutional investors to buy, mainly to buy cryptos. Will the dream of the “lovers” on duty come true, and will BTC become the new global legal tender currency? Or will we see BTC become the newest store of value, surpassing the precious metal called gold? After the new president's speech, I see that the crypto rush has had an effect, and I realize that the precious metal (gold) is losing strength. Now, I will ask the final question. Will we have a new record in SPX, and especially in BTC? It's worth remembering that the red lines are support points for gold at the moment! Do your analysis and good business. Be aware, if you buy, use stop loss.
OANDA:XAUUSD
by MacD_Bollinger
Gold isn't ready to buy yetI've been trading gold for many years and I can say that I have a pretty good handle gold's behaviors. While I think many think now might be the right time to buy gold as it is "really low" at least by comparison, I don't think so. Gold Buys slowly and overtime, big bull spikes while they do occur they typically aren't the catalyst for the actual bull push. You'd typically find bearish spikes as these are the fake move. What I mean by this is I think gold may continue to sell until it starts to slowly create higher highs and higher lows only to break out slowly after that. The fact that gold is so bearish currently, it is likely to go up to get rid of these sellers within this orange zone (which I have re-analyzed) to the level I've highlighted (black line) and then drop. But why am I choosing this line in particular, well I've studied gold for such a long time - I've noticed that it actually likes to play between obvious levels rather than go directly to them. These are just my thoughts and I wouldn't act on them (for sells) until it actually decides to start going bearish. So even if I am wrong about this, who cares lol
OANDA:XAUUSDShort
by Brandon_evo4