Strong buying area 2609Gold will be bullish after crossing level of 2609
Use SL as per your strategy
Note: This is not a buy/sell call.
XAUUSDK trade ideas
GOLD: Bearish Pressure Persists Below Key LevelsGOLD
Technical Analysis
The price remains under bearish pressure as long as it trades below the key resistance levels of 2,576 and 2,588.
Bearish Scenario:
The price may retest the resistance levels at 2,576 or 2,588 before resuming its decline. A drop is expected towards 2,558, and if this level is breached, the downward momentum could extend to 2,526.
Bullish Scenario:
To confirm a bullish reversal, the price must decisively break above 2,588. This breakout could pave the way for an upward move targeting 2,612.
Key Levels:
Pivot Point: 2576
Support Levels: 2558, 2527, 2500
Resistance Levels: 2588, 2612, 2625
Trend Outlook:
- Bearish by stability below 2588 and 2576
- Bullish Correction till 2588
XAUUSD IDEAXAUUSD after a false breakdown of 2546 forms a pullback and tests 2577. It is quite adequate reaction after such a strong fall. The fundamental background is still negative, and the dollar is accelerating its growth.
Economic data from China increased economic concerns. Uncertainty about future interest rate cuts by the US Federal Reserve also continues to weigh on the markets, especially after Powell said that there is no need to rush to cut rates as the economy is still growing, the labor market is robust and inflation is still above the 2% target.
Now we are waiting for -important retail sales report.
Resistance levels: 2577, 2589, 2594.
Support levels: 2546, 2536, 2500
At the moment, xauusd is hinting that the pullback up may be a bit continuing for a notably long time.
golden level after big dumpwhere gold price will go next ?
all levels on chart
directional blue line on chart
after big dump price first need correction
GOLD The Target Is UP! BUY!
My dear subscribers,
This is my opinion on the GOLD next move:
The instrument tests an important psychological level 2567.3
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2632.7
My Stop Loss - 2530.7
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
THE KOG REPORT - Update End of day update from us here at KOG:
What a day on gold! We have to admit defeat here and say although the Election projection is completed the way we wanted, yesterday's report did not however go to plan. We wanted higher pricing to capture this long trade into the bias target levels, but gold only allowed us to trade it level to level on the scalps. We got the short early session into the level we wanted, we then got the long, however, 50-80pips is all it gave us on that long trade.
We have now completed all bearish targets in the space of hours, which is some move here!
We are now in the order region being too low to attempt short trades. For that reason, we will look for this lower support to hold 2603-5, and give the opportunity to at least capture a long trade into the 2630-35 region initially. Breaking that level will take us lower into the 2680-85 region which is where we would like to see the price. So, in summary, if we can retrace a little into the order region hold there and get the short to go lower, it would be ideal. Otherwise, we'll wait lower now to take the long trade.
Levels to watch:
Support - 2602-5 / 2595 / 2591
Resistance - 2620 / 2630 / 2635
As always, trade safe.
KOG
Potential bullish rise?The Gold (XAU/USD) is reacting off the pivot which aligns with the 161.8% Fibonacci extension and could rise to the 1st resistance level which is a pullback resistance.
Pivot; 2,600.27
1st Support: 2,553.70
1st Resistance: 2,642.39
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XAUUSD / FURTHER DECLINE / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4HTIME FRAME
HELLO TRADERS
. Current Downtrend: The price is currently in a downward movement.
Demand Zone (Support): The analysis identifies a demand zone between $2,565 and $2,551. A demand zone typically represents a price level where buying interest is strong, potentially causing the price to stabilize or increase.
Expectation if Stabilization Occurs , If the price stabilizes above this demand zone, it suggests a potential rebound , The price may then move upward to reach a supply zone between $2,618 and $2,618. (It seems this zone might have been mistyped, as it should likely be a range.)
Further Increase if Supply Zone Breaks , If the price closes above the supply zone with a 4-hour (4H) candle, this signals continued upward momentum , This could lead to an increase toward a higher supply zone between $2,732 and $2,749.
Further Decline if Demand Zone Breaks , If the price falls below the demand zone (between $2,565 and $2,551), this suggests a likely continuation of the downtrend, with further declines in price expected.
XAUUSD View!!Gold traded around $2,570 per ounce on Friday, heading for its worst week since June 2021, pressured by a strong US dollar and reduced expectations for Federal Reserve rate cuts, which diminished the appeal of non-interest-bearing gold.
On Thursday, Fed Chair Powell signaled that there was no immediate need to cut rates, citing the strength of the economy, a robust job market, and persistent inflation.
Gold trading zones: 13-NOV-2024Today's Gold trading zones: For educational purposes only. Use at your own risk.
#XAUUSD....#GOLDthis is a long term analysis of gold......an impulsive move towards the (E) level...it wont happen very fast or shortly but within January we might can see that fall...
what is your analysis....please would like to hear from you!!!
XAUUSD WONDERMAPXAUUSD WONDERMAP
Daily candle close shows rejection so here’s the plan:
Buy Zone
• Daily Support
• H4 Breakout
• H1 RBS
• Lower timeframe continuation buy
Sell Zone
• Daily SBR Zone
Stay sharp, trade smart, and let’s lock in those blues! 💥
Patience...Almost thereBuyers...Do not buy yet as 2560 isnt here yet...23.6 on my fibs is the area I see rejections coming in...2554 is also an area of interest.
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well.
Gold is moving near the Support zone($2,603-$2,584) and Support lines .
According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) .
⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD - 15 Nov Swing / Day TradeKey Event : Retail Sales
Gold had some retracement from this past week downward pressure.
With Dollar holding new high.
Review of yesterday.
Did a scalping trade that result in a small SL on the 15 min timeframe.
Entry : 2570.11
SL : 2575
Was thinking its a retracement did a SL that is too tight.
Today outlook
Similar to yesterday, the key levels and SZ have no change.
One key thing to note is the EQH on 2577.45
DZ at 2558 - 2550, will be key if this break, we are looking at 2500.
Supply Zone : 2665.18 (4H) / 2619.34 (1H) / 2594 (1H)
Demand Zone : 2558.8 (Daily)
Support & Resistance zone :
1. 2652
2. 2589
3. 2487
Forecast (Swing Setup)
Asia sell down session.
London session -> NY Session
Scenario 1:
Retract to SZ (1H) 2594 , and go back down to DZ.
Potential (1:4.41 RR)
Scenario 2 (this is from yesterday):
if it breaks the trend line it will go up to the Supply Zone of 4H
Potential (1:9 RR)
Scenario 3:
Breaks Trend Line it will go up to 2618 to retest, I am still bearish. Will go back down to 2514.
Potential (1: 11 RR)
Day Setup
Entry : Fib 0.618 - 2594.28
SL : 2618.5
TP: 2554.77
1:2.39 (RR)
Entry: Retest of 2577.45 on a LTF (lower time frame)
SL: 2562.48
TP: 2599.71
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last couple of hour . The pair moved to the level of 2,569.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,579.
Set your stop loss at 2,587. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,550. ($19.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
