GOLD DAILY CHART UPDATEHey Everyone,
Great day on the charts today with our swing range doing exactly what it says on the tin. We got the big drop yesterday from the election volatility, yet our levels were still respected technically, providing the reactional bounce.
Swing range bounce gave us 2690. A close above this level will see the upper levels being retested again, keeping in mind the long range gap above on this chart idea. Failure to close above this level will see a retest on the swing range again.
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.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Goldprediction
GOLD A BUY ZONE FOR YEAR 2025 RALLY TO 2900$HELLO TRADERS
As i an see gold has just retrace after creating a |ATH 2790$ and now successfully retraced to 2665 zone which we draw in our previous drawings and now created a validation confirm of 3rd test to trend line and with fibo level it had tested 0.50 golden levels also we draw another channel on this chart it is trading in uptrend and investors are looking for the 3000$ per ounce in 2025 easy TP we combine both technical and fundamental for more accurate confirmation have a previous outlook on our posted charts from since April 2024 till now ..
Trading is an Art learn and earn from markets easy money Friends Geopolitical issues around the Global running conditions is really bad. If some 1 is thinking Trump can Solve these War issue, then it looks impossible in my view angry IRAN RUSSIA NORTH KORA SUDAN GAZA LEBONAN and other many regions.. We can see a very bad economy conditions of US which need years to reset Bricks in the Game now for more De-Dollarizing and we can see how banks and hedge fund manager Smart money Accumulating the Gold from the day Wars going on and escalating more and more day by day .... Trump Need some Serious actions to change his economy which is hard to seem.
Friends its just a trade idea with very low risk and looking for a bigger reward share ur thoughts with us it help many
Stay Tuned for more updates if trend gets change bez trend is ur friend
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Gold price analysis November 8Fundamental Analysis
After Trump took office, hopes that his policies would boost economic growth and inflation, to a greater extent, overshadowed the dovish outlook of the Federal Reserve (Fed), which helped revive demand for the US Dollar (USD). In addition, a generally positive risk tone undermined the safe-haven precious metal.
Meanwhile, falling US Treasury yields could keep US bulls from placing aggressive bets and help limit any further downside in non-yielding Gold prices. However, XAU/USD, for now, appears to have stalled its nice recovery from the 50-day Simple Moving Average (SMA) support, or above the three-week low touched on Thursday, and remains on track to post a second consecutive weekly loss.
Technical Analysis
If the correction of gold fails to exceed the 2690 zone, the recovery may last until the beginning of the US session. Our target is around 2676 at this signal. Today's main port area is noted around the bottom of the 2650 correction wave. When gold breaks 2690, wait for a retest and BUY to the 2710 and 2730 zones.
Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730.
Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
XAUUSD / GOLD Gold Price Analysis: Bearish Outlook and Target of 2454
Overview:
Gold has been showing a clear bearish trend since late last week, signaling more downside ahead. Here’s a breakdown of the current market structure and why I’m eyeing a move down to 2454.
Gold has been forming lower highs and lower lows, a typical sign of a bearish market. Buyers have struggled to push prices up, and each attempt has been met with stronger selling pressure.
- Lower Highs: The fact that gold can't break above previous highs suggests weakening bullish momentum.
- Lower Lows: Prices continue to break below support levels, showing that sellers are in control and driving the market lower.
Key Technical Levels:
- Resistance: Around 2500, sellers have stepped in repeatedly, making this a strong resistance zone.
- Support: The next key level to watch is 2454, where I expect gold might find some buying interest or potentially break lower.
Why I’m Targeting 2454
1. Market Sentiment: The current trend and technicals suggest sellers are in control, likely pushing gold down to 2454.
2. Economic Factors: A stronger U.S. dollar or rising interest rates could add to the selling pressure on gold.
3. Volume: Increasing volume on down days indicates institutional selling, which supports the bearish trend.
Conclusion:
Given the bearish structure, I’m planning to sell around 2490, targeting a move down to 2454. This level will be key—if it holds, we might see a bounce; if not, further declines could be on the horizon.
Is BlackRock's Bitcoin ETF the Future of Digital Gold Investing?BlackRock's Bitcoin ETF: A New Era of Digital Gold
A Golden Opportunity
BlackRock, a titan in the world of finance, has made a significant move into the cryptocurrency market with its Bitcoin ETF. This development marks a pivotal moment in the mainstream adoption of digital assets, potentially signaling a new era of investment opportunities.
The Appeal of Bitcoin ETFs
Bitcoin ETFs offer several advantages to investors:
• Accessibility: ETFs provide a convenient way for investors to gain exposure to Bitcoin without the complexities of directly purchasing and storing the cryptocurrency.
• Regulatory Oversight: ETFs are subject to regulatory oversight, which can increase investor confidence and reduce risks associated with direct cryptocurrency investments.
• Diversification: Bitcoin ETFs can be used to diversify investment portfolios, potentially reducing overall risk.
• Liquidity: ETFs generally offer higher liquidity compared to direct cryptocurrency investments, making it easier to buy and sell shares.
BlackRock's Strategic Move
BlackRock's decision to launch a Bitcoin ETF is a strategic move that underscores the growing institutional interest in cryptocurrencies. The firm's reputation and vast resources can help legitimize Bitcoin as a viable investment asset and attract a wider range of investors.
The Impact on the Crypto Market
The launch of BlackRock's Bitcoin ETF could have a profound impact on the cryptocurrency market:
• Increased Institutional Adoption: As more institutional investors gain access to Bitcoin through ETFs, it could lead to increased price stability and reduced volatility.
• Price Appreciation: The influx of institutional capital could drive up the price of Bitcoin, potentially leading to significant gains for investors.
• Regulatory Clarity: The success of Bitcoin ETFs could pave the way for further regulatory clarity and standardization in the cryptocurrency industry.
• Innovation and Development: Increased investment in the cryptocurrency ecosystem could spur innovation and the development of new blockchain-based applications.
Challenges and Considerations
While the launch of BlackRock's Bitcoin ETF is a positive development, it is important to consider the potential challenges and risks:
• Market Volatility: The cryptocurrency market is known for its volatility, and Bitcoin prices can fluctuate significantly.
• Regulatory Risks: Changes in regulatory policies could impact the performance of Bitcoin ETFs.
• Security Concerns: Cryptocurrency exchanges and wallets are vulnerable to hacking attacks, which could lead to losses for investors.
Conclusion
BlackRock's Bitcoin ETF represents a significant milestone in the evolution of the cryptocurrency market. By providing a regulated and accessible way to invest in Bitcoin, the ETF could attract a new wave of investors and further solidify the cryptocurrency's position as a valuable asset class. However, investors should approach Bitcoin ETFs with caution and carefully consider the risks involved.
Gold's Game: Bouncing Back from Key LevelsLet’s talk about Gold for a sec.
I mentioned before that this level would be attractive for Gold because there’s liquidity and a local minimum that traders all over the world are eyeing and will be trading around. And that’s pretty much what happened.
But then Gold dipped lower and 'knocked' on another level of accumulated liquidity—what some folks call the 'triangle,' or whatever works for you. It knocked and then bounced back up, leaving those bears who got stuck in short positions in a bit of a tough spot.
So, bottom line, the sentiment is bullish for now, but it’s more like a 'borderline' bullish vibe, to be honest..
Gold is prepare for wave Bin short tern, 5min/15min chart, the price is testing the EMA 50, after break above, now retesting.
If successful with a good volume bar, We can predict the wave A had been formed and now for wave B up.
Be aware of incoming Federal Funds Rate and FOMC. if this event make a B wave. we can earn the C wave.
I like to take the B wave in the FOMC event if the Gold would not break recent low around 2642.
Else the correction A-B-C is invalid and we have to edit the elliott wave.
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
GOLD UPDATESFOr this idea it might sketchy, waiting for volume.
wait for retrace or it will continue to go higher 2737. this idea base on 1hr only.
we see small liquidity above.
longs sketchy too.
this is not a financial advice.
Target for shorts last day low.
or lower.
I will update if this idea works this week.
This is not a financial advice.
Follow for more
Gold Drops $100! Is Now the Perfect Time for a Pre-Rebound Buy?With Trump’s presidency and his economic focus, gold prices have taken a sharp plunge, dropping nearly $100. While I anticipated a decline, this significant drop exceeded my expectations. Fortunately, we managed to close out our long positions above 2700 and also capitalized on a successful sell-off during the New York session.
Gold has now fallen below 2660 and remains pressured under the MA5 on the 30M chart. However, I believe a strong rebound is imminent. I estimate that gold could reach a solid bottom around 2646, with a possible low near 2631. On the 1D chart, the MA60 sits at approximately 2618, though I believe it’s unlikely to drop that far today.
Today’s plan is to buy on the dip, with an eye on a potential rise to around 2780, after which I’ll shift strategy to selling. By seizing this potential rebound, we stand to capture considerable gains!
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,667.00
General outlook
XAUUSD has been under buying pressure within the last couple of hours. The pair moved to the resistance level of 2,667.00.
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,665.
Set your stop loss at 2,670. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,644. ($21.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD UPDATES MOMENTUM AHEADHello fellow traders, were back on. after the ascending channel, price corrects and clear the high. RUn liquidity for 30$ moves upside, then price has momentum on going back to its trendline. Im expecting a price to clear the previous corrections. First might get the OB then manipulate below.
The higher targets would be the previous high! THis is not a financial advice.
Follow for more.
chart invalid if the friday highs break next week.
For more detailed charts keep following.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
A volatile day in the markets today from the US election and once again we were able to use our levels to navigate the markets even on a volatile day like this.
We did not chase momentum but instead we stuck with our plans to buy dips from our weighted levels for a 30 to 40 clean catch from 2700 level.
We are now seeing a further breakdown into the retracement range. EMA5 is lagging due to market momentum. However, although we are seeing price in the retracement range and ema5 lagging behind we will need to see ema5 lock below 2672 to open the swing range. Failure to cross and lock below 2672 will see price push up to test the Goldturns above.
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
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2724 - DONE
EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET
2696 - DONE
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE
2672 - DONE
EMA5 CROSS AND LOCK BELOW 2672 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
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