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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 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
13
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 !!
OANDA:XAUUSDShort
by professionaltradersfx
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.
ICMARKETS:XAUUSDShort
by ICmarkets
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 ❤️
OANDA:XAUUSDLong
by FirstNameHelen
3
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.
ICMARKETS:XAUUSDShort
by ICmarkets
1
Gold’s Next Move: Short Trade Setup Amid Key RetracementGold has retraced to the 0.5 Fibonacci level within the cloud zone, trading above the 200 Moving Average (MA) on the 30-minute timeframe. While the smaller time frame shows a bullish structure, the higher time frame remains firmly bearish. This trade capitalizes on the short-term bullish momentum within the retracement phase, keeping the broader bearish trend in mind for risk management. Our approach is focused on capitalizing on the retracement for a short position while aligning with the overall bearish trend. If the price fails to hold key levels, a deeper bearish continuation is expected. Technical Analysis: • Retracement Level: Gold is at the 0.5 Fibonacci cloud level on the 30-minute chart. • Moving Average: Currently trading above the 200MA on the lower time frame, indicating temporary bullish momentum. • Higher Time Frame: Still bearish, reflecting a downtrend in the broader structure. • Recent Price Action: Gold surged 1.13% above the 200MA, then retraced into the cloud, testing support for the next move. • Trade Setup: Short-term bearish execution with targets aligned to the broader downtrend, capitalizing on the retracement level as an entry point while considering the smaller time frame’s temporary bullish momentum. Fundamental Overview: Gold prices rebounded in Asian trading, supported by easing US Treasury bond yields and a softer US Dollar. Geopolitical tensions between Russia and Ukraine and expectations of further stimulus measures from China provide additional support for gold. However, long-term concerns about US monetary policy and interest rate stability may weigh on the metal’s trajectory. Traders are closely monitoring signals from Federal Reserve policymakers regarding future rate hikes. Additionally, the market is cautious about potential ripple effects from Nvidia Inc.’s earnings on the broader sentiment. This trade takes advantage of the short-term bullish retracement on the lower time frame while staying aligned with the higher time frame’s bearish outlook. Proper risk management and vigilance toward key fundamental triggers remain essential. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
Bearish reversal off 61.8% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level. Pivot: 2,642.32 1st Support: 2,591.17 1st Resistance: 2,708.30 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:XAUUSDShort
by ICmarkets
XAUUSD - Buy Gold!?The US dollar gained strength again last week due to the effects of Trump being elected as the next US president. Considering that the Republican Party will control the US Congress in both the House of Representatives and the Senate, it is expected that the implementation of Trump's pre-election promises will easily become law. The new US president wants drastic cuts in corporate taxes and tariffs on goods imported from around the world, especially from China. From the point of view of the financial community, these actions could increase inflation and prevent the Federal Reserve from lowering interest rates in the future. US inflation data in October indicated the persistence of price pressures. Also, Federal Reserve Chairman Jerome Powell recently stated that there is no need to rush to cut interest rates. This has led some market participants to believe that interest rate cuts will stop in the near future. Mark Leboitt, publisher of VR Metals/Resource Letter, commented: "Gold's price correction is happening as expected, with a possible drop to the $2,300 level, although the long-term view remains to reach $3,700. considers "Right now, gold is oversold, so we're likely to see a correction," he continued. In such a situation, buying at weak price points for long-term positions and doing short-term transactions with a buying approach can be considered a suitable strategy. Darin Newsom, senior market analyst at Barchart.com, said: "For the coming week, an upward trend is expected. The excitement and frenzy surrounding the recent US election is likely coming to an end, which means the market will face new uncertainties. In such a situation, gold can once again be considered as a safe asset by investors and can be bought as a hedge against the volatility of other market sectors, especially the stock market. This week for the US we have S&P Global manufacturing, services and composite PMI data to watch out for. The beginning of the easing cycle in September and the first reduction in interest rates have revived hopes for the improvement of data such as PMI, and economic activities are expected to improve, especially in the manufacturing and industrial sector, with the continued reduction in borrowing costs. Therefore, although we cannot expect a significant improvement in the short term, we can hope for the improvement of the production sector in the future and gradually. In addition, the speeches of several central bank officials are also of particular importance to traders, as they try to get indications of the speed and possible depth of interest rate cuts. Among the important speeches of the week, we can mention Goolsby's statement on Monday and his appearance again with Hamek on Thursday.
FOREXCOM:XAUUSDLong
by Ali_PSND
GOLD - Price can make small correction and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price declined in falling channel, where it fell below $2655 level and reached support line of channel. Then price turned around and started to grow inside rising channel, where it soon reached $2655 level and broke it. In this channel, price grew to resistance line and continued to move up near this line, until it reached $2790 points. After this, price turned around and started to decline, exiting from rising channel and fell to $2655 level. Soon, Gold broke this level too and fell to $2560 level, where it bounced from support area and started to grow recently. I think that XAU can little correct to support level and then continue to move up to $2655 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
HelenP. I Gold will continue to decline between the trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it some time traded near resistance 1, which is the bottom part of this pattern. Next, the price rebounded up to the top part of the consolidation, after which little corrected and later fell back to resistance 1 already. After this, Gold some time traded in the resistance area, after which turned around and started to grow, and soon exited from consolidation. Later, the price broke resistance 2, which coincided with one more resistance zone and some time traded near. After this, the price turned around and rebounded up to the trend line and then started to decline. In a short time, the price fell to resistance 2, after which broke it and continued to move down between trend line. Soon, the price fell to resistance 1, broke it too, and continued to fall next. At the moment, Gold trades near the trend line and I expect that XAUUSD will break the trend line, after which continue to decline next between this line. Therefore I set my goal at 2500 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
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
Bearish drop?The Gold (XAU/USD) is is rising towards the pivot which is a pullback resistance and could drop from this level to the 1st support which has been identified as a pullback support. Pivot: 2,607.71 1st Support: 2,530.05 1st Resistance: 2,673.73 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:XAUUSDShort
by ICmarkets
1
XAUUSD 17/11/24Following the previous weeks' analysis, we are once again adhering to the bearish narrative for this pair. Many traders have attempted to go long despite the pair showing strong bearish momentum. In my opinion, this is due to a couple of major factors. Firstly, gold is considered a safe haven, and as the market becomes more fluid, liquidity is being redirected to other assets that may carry slightly more risk. Secondly, the election of Donald Trump as president has bolstered confidence in the economy, further contributing to this liquidity shift. While gold remains a reliable safe haven, these factors have influenced its price movements. It’s important to note that this view is based on my perspective. Over the past few months, gold prices have surged significantly, making a corrective move almost inevitable. As mentioned in the EUR/USD market analysis, we are maintaining a bearish outlook here as well. After sweeping the daily low—indicated by the arrow on the left-hand side—the market experienced a short-term push to the upside. This move has swept liquidity, and we are now anticipating a reallocation higher within the short-term range that has been established. Within this range, there is an unmitigated supply area similar to what was observed on the previous chart. We expect the price to run through the short-term highs located in the middle of the range before initiating a sell-off near the upper boundary. However, there is also a possibility that the sell-off could occur earlier, without pulling back into any of these areas. Should that happen, the chart will need to be updated accordingly. Our overall targets are the liquid highs at the upper end of the range, followed by a continuation to the downside, with the price running the marked low and sustaining its bearish trend until the bias shifts. Trade safe and stick to your plan.
OANDA:XAUUSD
by PipSurfingSociety
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
GOLD - Price can bounce up from support line to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level. Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line. Next, price turned around and started to decline inside falling channel, exiting from rising channel. In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it. Recently price broke it and fell to support line of channel, but a not long time ago it bounced up. So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
Heading into overlap resistance?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: 2,589.58 1st Support: 2,530.28 1st Resistance: 2,641.36 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:XAUUSDShort
by ICmarkets
1
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2524 2nd Support – 2501 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
4