Gold 1H Intra-Day Chart 27.11.2024Here is what I am looking for next;
Gold prices dip lower towards $2,583. We are expecting a flat correction according to the EW Theory.
Commodities
GOLD ROUTE MAP UPDATEHey Everyone,
A piptastic day on the charts today with our analysis playing out perfectly!!!!
Yesterday after completing the full swing range test at 2620, we stated we were waiting for the full swing action into 2657. The swing range did exactly what it says on the tin.
- This played out perfectly with the full swing action into 2657 completing this setup
We will now need to see ema5 lock above 2657 for a continuation, as long as the swing range provides support or a lock below the swing range will open the levels below.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
SWING RANGE
2638 (DONE) - 2620 (DONE)
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
WTI crude looks poised for breakdownWTI has held the key resistance level of $69.30 today, marking a pivotal level on the intraday charts. Here, the resistance trend of the bear channel also came into focus. With support at 68.60/68.70 area broken, this level is now the most important short-term resistance to watch now. I think if we get a retest of this level from underneath, it could get sold and cause prices to drop to take out liquidity resting below the most recent low at 68.06. My next downside target would be $67.00.
News of ceasefire between Israel and Hezbollah has helped to weigh on prices, potentially a positive step towards regional stability.
Gold trying to correct to go higher ?by breaking 2638 we going down to next zone at 2625 .
we need to keep an eye at the WCL zone marked on chart @ 2625~
breaking this zone will take us down to 2574 zone .
respecting this zone will take us higher back up to 2659 or even above
Working off the fall of Silver. H4 26.11.2024Working off the fall of Silver 📉
Silver continues to fall, which I showed in the last analysis . On Monday we got a pushing volume down and if they give a new pullback, I advise to sell with targets around 29 and below. There is still potential for decrease. Major volumes remained up, major segment is also overlapped down and DPOC contract near 31.30 accumulated which gave a reaction down.
CAPITALCOM:SILVER
Hold on to the short position and don't give up!Bros, gold once rose to around 2658. Seeing the sharp rise in gold in the short term, have you given up your short position?
I still insist on holding short orders near 2653. Although gold rose sharply to near 2658 in a short period of time, it did not break through the 50% dividing line in the 2660-2665 area; and the daily level resistance is also located near 2660. and the daily level resistance is also located near 2660. So I have reason to believe that after gold fails to effectively break through the 2660-2665 area, it will usher in a wave of retracement in the short term, and the retracement target is 2640-2635 area.
Therefore, I still continue to hold a short position in gold and look forward to a good result and continue our winning streak!
Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD LONG-TRADE SETUP - NOV 26🚨 Gold Trade Setup – Nov 26 🚨
Hey Traders!
Check out our latest setup for FX:XAUUSD XAUUSD (Gold). 🟡 Here's what you need to know:
📌 Trade Plan:
We’re waiting for tomorrow’s market sentiment and report outlook before triggering a market order. No pending orders for now.
📈 Buy Conditions:
Price must break above $2640 with a clear candle close to confirm trend continuation.
💡 Key Insights:
Current structure suggests a short-term breakout and retest, likely followed by a continuation of the bullish trend.
Be cautious of any perceived sell setups—they may just be bearish traps, especially with the 38.2% Fibonacci SR holding strong.
Fundamentals remain strongly bullish for Gold.
📊 Action Step:
Recreate the setup on your chart, place alerts, and be ready for tomorrow’s confirmation. Let’s trade smarter, not harder! 🚀
Cheers, and happy trading! 🫡✨
Crude Oil (USOIL) Trade Setup – Key Insights & StrategyHey Traders! 👋
In this video, I dive into the current price action and trade opportunities for Crude Oil (USOIL). With the market sitting near key support levels, here's what you need to know. 📊
🔷 What’s Inside:
Analysis of FX:USOIL USOIL’s recent price movements.
Key support levels and potential breakout zones.
My trading strategy for the week ahead and how to approach the EIA report.
📌 Don’t miss these insights—they could shape your next big move!
💬 Watch now and share your thoughts in the comments below. Let’s collaborate and build smarter strategies together.
📈 Follow me for real-time updates on TradingView
Trade smart and stay ahead! 🚀
GOLD UPDATE No proper retraced if you're holding your position, you can continue trading, but there's no guarantee of a sell since the bank will be closed tomorrow. Additionally, with it being Friday, the future of gold prices remains uncertain at this time...
GOLD HAVE A CLEAR DIRECTIONwhy gold is going down:
1. Trump's “Make America Great Again” policy pushes USD to higher levels
2. FED looks hesitant to cut rate faster as data still shows inflation
3. Trump pushes the use of BTC as FED government reserve.
4.middle east geopolitics that may be resolved soon
5.With the election of Trump, we know he does not like war, but he likes business and trade war. where the Ukraine and Russia war may also be finished soon when trump is inaugurated and communicates with Kim jong Un (north korea) and Vladimir Putin.
Feel Free to comment below what u think
GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form.
Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼
GOLD | Is This Bear Flag Real?I have been holding my short position 2630-2615 for 12 hours now and I'll keep holding it because the bear flag looks pretty solid. But I'm opening a 12th Long position. Here's my little analysis for this position:
It's really worth understanding that today we're expecting a giant amount of news that'll directly affect the USD, and therefore the XAU. Including the announcement of the ceasefire in the Middle East, as well as GDP, Unemployment Claims, Core Durable Goods and PCE.
It seems to me that the news will be positive for the USD this time, and so Gold will fall, at least a little.
But here's the situation: there are still a few hours until the news, and the bear flag hasn't reached its top yet, so along with the existing short position, I'm opening a cautious long position. 2 active positions are better than 1 during such times:
Opening LONG: 2645
TP: 2655
SL: 2590
I hope that both positions will be successful, so I'm using a fairly small lot and a large SL. Let's follow the news and see what's going to happen.
HelenP. I Gold will fall to trend line and then continue to riseHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price traded inside consolidation, where it at once fell to the resistance zone, which coincided with the resistance zone. Price some time traded inside this zone and then rose to the top part of the range, after which turned around and declined back to the resistance zone. Later, the price broke the 2720 resistance level, exiting from consolidation, and continued to fall next. But Gold tried to grow and failed, after which dropped tothe 2605 support level, which coincided with the support zone and even broke this level. Price fell to the trend line, after which started to grow and soon reached the support level again. Gold broke this level one more time and continued to move up until to resistance level. When the price reached this level, it at once turned around and made an impulse down to the trend line, which coincided with the 2605 support level. A not long time ago price continued to grow next, so, in my mind, XAUUSD will fall to the trend line again and then rise to the resistance level. That's why I set my goal at a 2720 resistance level. If you like my analytics you may support me with your like/comment ❤️
GOLD: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day ✅
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump
Dump&Pump ✅
Frontside ✅
Backside
4. THESIS:
Long: this is my main scenario at the moment, but let's review the current template to have a better understanding!
Monday triggered weekly breakout traders, placing a higher high on top of the high of the week, before starting dumping down into the previous opening range high (which is Monday's high of day)
Tuesday, the market mostly consolidated into the current low of week, attempting to push lower, failing and closing as a first greed day.
Today, the high of day and other time frames are triggered in the market, with major red new at 10am NYT this market can keep going parabolic, or eventually starting a 2/3 days of dump and pump to complete by the end of the next week the weekly dump and pump template.
Short: right now, a part for a potential 3 session scalp, I do not see any further down move for the day, it does not mean that during the week it won't build a short template. For better clarification, I will be updating this post in a daily basis.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Gold turns at a perfect 38.2%FibLevel onLow of 14Nov
Price is down around 2620 after Gold tested 2600 level again or close to it.
Perfect alignment with 38.2% Fib levels from the 14 Nov Low.
So maybe a fake bounce here and then that final 38.2% down to 2536. I would not be suprised.
I finally got a short down to this level. Small lot size but it does not matter, Gold / Silver are penny-pinchers and don't like Shorters'. But its okay for them to wipeout profits in our portfolios which lose value on the march down in price to these huge lows.
Then you place a couple of little orders down here at the lows, it's like you stole a Mercedez-Benz.
I would not be surprised to see price break lower to form the symmetrical triangle
GOLD: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the GOLD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
❤️ Please, support our work with like & comment! ❤️
Gold Analysis.Currently, this is my perspective on gold and what I'm anticipating. I will be active all afternoon and evening, so if I spot a setup, I will post it immediately to give everyone the opportunity to participate.
USOIL WTI Crude Oil 27 Nov 2024 ZonesBullish zone is above 69.4
Bearish zone is below 68.25
Note: Tis is not a buy/sell call. Use stop loss whenever trade.
SPY/QQQ Plan Your Trade For 11-27: BreakAway PatternHappy day before Thanksgiving, everyone.
Stay safe this holiday and remember to share hugs and love with all the people that are the most important in your life.
Trading will be there tomorrow and the next day - always.
Family, health, and loved ones always come before trading/work.
Today is a Breakaway pattern for the SPY. I suspect the SPY will still struggle near the 600 level and possibly REJECT into a downward price trend over the next 5+ trading days.
The QQQ is showing a very clear Flagging formation whereas the SPY is showing more overall strength.
Gold and Silver make a big GAP move higher. This is nice to see. I still believe Gold will attempt to rally above $3000 before the end of 2024 and Silver will attempt to rally above $35 before the end of 2024.
Bitcoin is now moving into a projected consolidation phase. The pending breakdown phase may see Bitcoin move down to the $74k to GETTEX:82K level. Buckle up.
Remember, we are going to have Thanksgiving holiday and shortened trading hours. If you have not already moved a large portion of your capital into CASH, you could be taking unwanted risks.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Gold: Bearish Pressure with Key Resistance at 2661Gold Technical Analysis
The price still has a bearish volume as long as it trades below 2661, so it's possible to touch 2661 before dropping if it can stabilize above 2644.
However the general direction is downward due to the high pressure about increasing Inflation in the USA, so it needs stability above 2661 by closing 4h candle above it to be a bullish trend till 2678
Key Levels:
Pivot Point: 2644
Support Levels: 2625, 2612, 2585
Resistance Levels: 2661, 2678, 2693
NEW IDEA FOR GOLD Global gold has support at $2,607 and now, provided it holds, it can rise to the previous ceiling resistance at $2,789.
XAUUSD - Gold will reach $2,700!?Gold is located between EMA200 and EMA50 in the 4H timeframe. In case of failure of the drawn trend line, we can witness the continuation of downward trend to demand zone, and in that zone, we can buy with appropriate risk reward.
The continuation of the upward movement of gold and its reaching the supply zone will provide us with its next selling position.
Gold price volatility remains high as the precious metal reacts to changes in geopolitical instability caused by the incoming administration of US President-elect Donald Trump. However, Nitesh Shah, head of commodity research and macroeconomics at WisdomTree, still predicts that gold's upward trend will continue in 2025.
In a recent interview with Kitco News, Shah stated that he expects the US dollar to depreciate in 2025, which will benefit gold prices. He added that although Trump's policies can help strengthen the dollar at the beginning of the year, it will be difficult to maintain this trend; Because the government budget deficit will continue.
"Most likely, debt will increase and that should put downward pressure on the dollar," he said.
Meanwhile, Shah believes the Federal Reserve's interest rate-cutting policies could help lower bond yields, another factor driving gold prices higher. He said in his recent research note: "Now that we are back in the cycle of interest rate cuts, bond yields have fallen and investors are ready to buy gold again."
Although Shah is optimistic about gold, in his opinion, the price of this precious metal will have limits to growth in the coming year. He predicts that gold prices will reach around $2,850 per ounce by the fourth quarter of 2024. "The current situation is still relatively positive for gold," Shah said. "Originally, I was projecting $3,000, but according to my updated modeling, to reach that goal, bond yields would need to fall significantly from current levels."
On the other hand, the Bank of America (BofA) in its recent report has pointed out four key aspects of the future US government policies that can reduce the demand for gold in the short term. These factors include the increase in interest rates and the strengthening of the US dollar.
However, these negative factors do not in any way affect Bank of America's positive long-term outlook for gold, with gold prices expected to reach $3,000 per ounce by the end of 2025.
Deregulation: Deregulation policies in the energy and financial services sectors could increase interest rates, which would make gold less attractive.
Fiscal policy: Broader and longer tax cuts could boost short-term economic growth and push interest rates higher, posing challenges for gold.
Tariffs: The increase in tariffs on China and other major countries can lead to pressure on the currencies of emerging markets, and this may reduce gold purchases by central banks.
Fed policy: If economic growth and tariffs push up inflation, the Fed may stop the rate-cutting cycle, which would reduce the appeal of gold as a safe haven.
Impact on gold demand:
In the short term, there is a possibility of reducing the desire of investors to buy gold due to the mentioned policies.
Central banks in emerging countries may reduce gold purchases due to currency pressures from tariff risks.
The long-term outlook remains positive:
Structural demand from central banks and strategic investors underpins a positive long-term outlook for gold.
The attractiveness of gold as a hedge against geopolitical risks, economic instabilities and possible inflationary pressures remains.
Conclusion:
Although near-term policies under the incoming US administration, including stronger economic growth, higher inflation and a stronger dollar, pose significant headwinds for gold, Bank of America maintains its forecast of $3,000 an ounce by the end of 2025. . This long-term optimism stems from structural and cyclical factors that support gold demand in a challenging policy environment.
