Bearish drop?The Gold (XAU/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 2,656.94
1st Support: 2,606.39
1st Resistance: 2,709.10
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.
D-XAU
Heading into overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 2,659.61
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,713.45
Why we like it:
There is an overlap resistance level.
Take profit: 2,577.91
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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$GOLD BREAKING DOWN ?As we can see gold is struggling to pass the 2632.00$ key level which is now playing as a strong resistance in the 1h tf and i think we will see gold going down more into the bleu highlighted zone (FVG).
Key levels to watch : 2632.00 // 2603.00
Also the fundamentals suggest that gold is bearish
Gold Analysis: Straddling the Fence Amid Market UncertaintyIt’s pretty interesting to read comments and trading ideas on forums during these uncertain times. Right now, 9 out of 10 traders are saying to sell or hold short positions if they have them. They’re referencing MACD, EMA, charts, stars, the mood of their pets (just kidding, but hey, it’s a possibility) and other indicators.
I analyze the chart differently, always keeping an eye on my indicators, which I’m sure you’re aware of since I talk about them all the time.
So, looking at the Gold chart right now, the question is: who’s suffering more, the bulls or the bears? Honestly, it’s not clear-cut. If you ignore the chart and just look at the exchange data and positions, it’s pretty much 50/50. But there’s a solid call option for a rise with a strike at $3000 that popped up right after the drop to 2620, which is a positive sign.
Overall, I’m “sitting on the fence,” and I’d recommend you do the same. News is coming soon, and I have a feeling there might be some bloodshed in the market.
GOLD - Price can continue to grow inside rising channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it made a gap and then bounced up, thereby exiting from this pattern.
Next, price started to decline inside falling channel, where Gold broke $2740 level and fell to $2660 level.
Price tried to grow, but failed and declined more, until to $2610 points, after which exited from falling channel.
Then price fell to $2535 points, after which Gold started to grow inside rising channel, where it broke $2580 and $2660 levels.
Next, price rose to resistance line of channel and made correction to $2660 level, after which continued to rise.
I think that price can correct to support level again and then continue to grow to $2740 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Xauusd | pathways Hey traders !
hope you are doing well
-we have been seen the market and our last analysis which were based on educational analysis -So we are observing that market is stuck in the region and the point which we have been highlighted so basically there are 2 scenarios
if market cross the 2630 area and candle closing above that structure then we will wait for the 2638.00 point which is seem as our next resistance level
Although market is still in bearish circle
we have been set on both ways possibilities
so lets see what will happened!
you guys can direct message us so we can give you our Public Telegram link channel for free
Gold plunges as Trump 'trumps' seasonalsLast week I revealed in a video of my scepticism gold would tracks its seasonality into December , given its outperformance earlier in the year and the hunch that Trump 2.0 would likely to overshadow typical flows. And Trump's US Treasury Secretary cabinet pick has done just that.
Monday's price action should serve as a stark reminder that seasonality has taken a back seat with its prominent bearish engulfing day and most bearish candle in four years. And there could be further losses ahead.
The daily chart shows the drop from its all-time high (ATH) came in three waves, which suggests it is the beginning of a larger ABC retracement. Assuming Monday's engulfing candle was the end of wave B, a 100% projection (wave equality) could see gold fall to ~2460.
note that the daily low found support around a high-volume node (HVN) and weekly S1 pivot point. A bullish divergence is also forming on the 1-hour RSI (2) to suggest a bounce.
Bears could seek to fade into retracement within Monday's range to try and increase the reward to risk ratio.
MS
GOLD RISKY LONG|
✅GOLD will be retesting a support level of 2604$ soon
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift.
As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus.
As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply.
It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade.
Trade safely, stick to your plan, and always follow your risk management rules.
HelenP. I Gold will correct to trend line and then continue riseHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the support level, which coincided with the support zone, and some time traded near this level. Then Gold turned around and started to grow to a resistance level, which coincided with the resistance zone, making a gap as well. When the price reached the 2730 level, it tried to break it but failed, and then some time traded between this level. Later Gold finally broke this level and rose to 2790 points, after which turned around and started to decline. In a short time, it fell to the 2730 level, broke it, and then continued to fall. Price tried to return, but failed and dropped to the 2610 support level. Gold broke this level and then reached the trend line, after which turned around and started to move up near this line. Soon, the price broke the 2610 support level and rose almost the resistance level. At the moment, the price continues to grow, and I expect that XAUUSD will make a correction to the trend line and then rebound up to the resistance level. After this, the price can break it and continue to grow. That's why I set my goal at 2760 points. If you like my analytics you may support me with your like/comment ❤️
GOLD WHAT A BORING. PipGuard | THE GUIDE☀️ Good morning coffee to everyone! ☕
From where I’m writing, it’s morning—so, a real good morning to you all! How are you doing? I hope everything is great as always! 💖
Before we start...
📢 Let me ask you for a quick favor: give this a boost, a follow, and leave a comment!
I share my market analyses for free, and as you know, they can be highly profitable 💸. Supporting my work takes just a moment, it’s simple, fast, and most importantly, free! Thank you, my friend! 🙏
Let’s talk about the market! 💹
For weeks, I’ve been calling for a gold correction, and guess what? BOOM ! Last night, the price dropped by a massive 600 pips . 🎯
Let me be upfront: I’m not a fan of this recent rally. 😑
It’s been driven by various factors—Trump’s election, global geopolitical tensions, and more. However, in my view, this correction isn’t over yet . And if it is? Don’t worry! PipGuard’s got your back, always offering comprehensive analyses for both directions.
Technical Analysis: “Gold is boring!” 🤓
Yes, I know—it’s tedious. But it’s crucial! 💼
The market had the chance to correct as early as last Wednesday, but it chose to climb instead. Fair enough— let’s dig into the details:
📊 Timeframes analyzed: Weekly (WK), 24H, and 4H.
💥 Price action last night: a sharp drop. Last Friday, the market performed a liquidity grab at 2710 , just above my bearish entry (2712–2722). This was accompanied by:
- A breaker block on the 24H timeframe
- A bearish order block (30-minute timeframe) between 2715 and 2722.
And voilà, the downward move materialized!
What now? Here’s the breakdown.
📉 Bearish liquidity: spotted between 2676 and 2692 , close to our structural shift. This proximity makes further downside highly probable.
But remember! We’re not wizards or fortune-tellers 🧙♂️—we operate based on statistical advantages, our true superpower. 💪
👉 Key level: 2650.
- If the price stays above it, bullish continuation remains possible.
- If it closes below (preferably with a full-body 24H or weekly candle), a further drop becomes likely, targeting 2525 , 2515 , and potentially 2480.
📈 Bullish scenario?
Two possibilities:
1. The price reacts to the latest order block.
2. It pushes toward new highs.
o wrap it up...
If you found this analysis helpful, please boost, follow, and comment! 🚀
I dedicate a lot of time and effort to create these free insights for you—I don’t keep trades just for myself! 😉
Wishing you an amazing day and a great start to your week! 🌟
Best regards,
PipGuard. 💼✨
Gold can turn around in seller zone and start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points. Please share this idea with your friends and click Boost 🚀
XAUUSD Detailed Analysis on D1 Time Frame | 22/November/2024XAUUSD Detailed Analysis on D1 Time Frame | 22/November/2024
t.me
For more intra and swing trades you guys can join our Telegram Channel
-This video is based on Educational Purposes
- market touched the region that what we are selected and we are confident on that point
- Current point 2707 and more to more market have to be create a lowest lowest which would be the 2460 area so this trade is based on those who have patience level 100%
- Market will Expected a big dead fall down
- our target would be to catched more then 1000 Pips from that trade
-Lets enjoy the postions with us !!
Potential bearish reversal?The Gold (XAU?USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 2,712.05
1st Support: 2,656.74
1st Resistance: 2,758.37
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.
HelenP. I Gold will rebound from trend line and grow to $2700Hi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price started to decline inside the downward channel, where it fell to the resistance level, which coincided with the resistance zone. Price some time traded in this area and later broke the 2735 level, after which dropped to almost the support line of the channel, after which turned around and rose to the resistance line, and then continued to decline next. In a short time, the price fell to the support level, which coincided with the support zone and then bounced up, after which rose a little up and then continued to decline, breaking the 2595 level. Gold later reached the trend line and then turned around and started to grow, exiting from the downward channel. Price soon grew to the 2595 level, broke it again, and continued to move up near the trend line. To this day, the price continues to grow near this line, and I expect that XAUUSD will rebound from the trend line and start to grow to 2700 points. If you like my analytics you may support me with your like/comment ❤️
Could the Gold reverse from here?The price is rising towards the pivot and could drop to the 38.2% Fibonacci support.
Pivot: 2,663.55
1st Support: 2,618.32
1st Resistance: 2,708.41
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.
XAUUSD - 4hr Simple Trading - Bump & Run pattern
The 4hr chart has given us a beautiful setup.
Before the run, the first entry was after the impulse trend was broken. Then, we waited for the price to make the second confirmation by breaking above the main "3 touch" trendline.
With Gold remaining bullish after the DXY rose higher and higher, it only proves that gold is still a bullish giant.
Targets:
1 - 2685 (quarter 3 high)
2 - 2710 (target 1)
3 - 2750 (target 2)
4 - ATH