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Gold Rebounds to $2700! Post-Trump Rally Shows Signs of PullbackFollowing Trump’s election-driven downturn, gold prices have fully rebounded, climbing back to the $2700 mark. However, after this sharp rise, signs of a potential pullback are becoming apparent. I believe gold is nearing a short-term peak, making this an opportune moment to start selling and capture possible downside moves to lock in profits during the adjustment. Keep an eye on the market and stay flexible to manage the upcoming volatility.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
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
FXOPEN:XAUUSDLong
by David_strategy
1
Daily Gold (XAUUSD) AnalysisGold is currently showing a notable bearish momentum, with a significant black candlestick indicating strong selling pressure. Key levels of interest have been identified based on supply and demand zones as well as support and resistance levels. Supply Zone (Potential Resistance): The area around $2,723 - $2,755 USD has acted as a recent supply zone. This region could serve as a resistance point for gold if it attempts a retracement. A sell limit is set at $2,715.85 USD, slightly below this zone, indicating a potential short position if price tests this area. Demand Zone (Support Levels): Demand Zone / support is identified at $2,638, $2,622, and $2,602 USD, providing additional demand zones where buyers may enter. Risk and Reward: With a potential short position near the $2,723 - $2,755 supply zone, the stop loss is likely placed just above the upper limit of the zone to avoid being stopped out by a small retracement. Trend and Indicators: The strong bearish candlestick suggests that bears currently control the momentum. However, monitoring if gold holds support around $2,650 will be crucial to anticipate any possible recovery. If gold fails to hold the $2,650 level, it could move further down to test lower support levels, with a potential medium-term target around $2,622 - $2,602.
PEPPERSTONE:XAUUSDShort
by Mohamed_Kabesh
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!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Follow the trend and keep sellingGold fell sharply on the daily line. With Trump's victory, market funds flowed into US bonds and the US dollar index, which had a certain negative impact on gold and silver. The short-term hourly chart has double tops, the four-hour moving average dead cross opens downward, the daily dead cross opens downward, and the RS indicator breaks through the middle axis. Oversold intraday trading rebounds and high-altitude is the main focus. Gold shorts are unstoppable, and bulls basically have no counterattack power. Gold is now shorting with the trend, and the rebound is an opportunity to short. Gold is directly shorted near 2660 in the Asian session! Believe in the power of the trend. Gold's 1-hour moving average is still diverging downward, and the gold short momentum is still very strong. After gold rebounded yesterday, it continued to fall weakly under pressure at 2678. Gold is too weak, so it will continue to be short. If the rebound is too large, gold can't continue to be short. Now the rebound is weak and it is directly short. First support: 2632, second support: 2609, third support: 2600 First resistance: 2663, second resistance: 2675, third resistance: 2683 Trading strategy: Prioritize shorting based on resistance, shorting can be done near 2663/2675; buy again if a stop-fall signal appears at the resistance position.
OANDA:XAUUSDShort
by Jun-GoldAnalyst
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666. Technical analysis: Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line. At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend. BUY:2660 First target 2680 Second target 2700 Third target 2720
FXOPEN:XAUUSDLong
by David_strategy
3
Analyzing the Factors Behind the Recent Gold Price Decline A Post-Election Dip Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment. Why Did Gold Fall? 1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal. 2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities. 3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets. Is More Downside Ahead for Gold? While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory: 1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal. 2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold. 3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices. Technical Analysis From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly. Investor Strategies Given the current market conditions, investors may consider the following strategies: 1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility. 2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation. 3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs. 4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk. In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
OANDA:XAUUSDShort
by bryandowningqln
11.6 Gold price plunged sidewaysAfter the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to rise sharply, and the non-US has already reacted very clearly, and the gold price is following closely. The 2745 dry short price has fallen to 2731 in the morning. Repeatedly go up to 2749 and do short again! At present, 2750 is the second highest point of the gold price. Wait patiently for the large short volume! This sideways trading is to accumulate power for diving! Intraday strategy: SELL: 2745 2750 Target: 30------20 BUY: 2700 2705 Target: 35-----40
FXOPEN:XAUUSDShort
by David_strategy
1
Top Resistance Points in XAUUSDOur XAUUSD market analysis highlights a key sell level at 2750-2756, with an extreme sell zone around 2772-2776, where we expect significant selling pressure to develop. These levels are critical for those looking to capitalize on potential resistance in XAUUSD. On the buy side, our support area is set at 2702-2698 , suggesting a buy opportunity if the price revisits this range. However, given today's emphasis on the sell zones, these levels may see stronger market activity. Keep an eye out for any major USD news today, as it could impact these levels. If this analysis adds value to your trading strategy, a boost would be greatly appreciated—it’s always motivating to know my insights are valuable!
FOREXCOM:XAUUSDShort
by bluechipfx
Perfect Time to Buy Gold! Morning Star Signals Further UpsideGood morning, everyone! A new day, a new opportunity! Yesterday’s trading brought us solid profits, and today we aim for even more gains. In the current gold market, I believe buying is the optimal strategy. In the short term, gold is likely to rise before a potential pullback. What’s behind this view? Take a look at the 30-minute chart: gold has successfully broken through the MA60 resistance and has formed a “morning star” pattern—a strong bullish signal indicating increased upward momentum. If MA60 can hold as support, gold is expected to rise to around 2745, possibly even reaching 2750.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing. 2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking). 3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more! The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
FXOPEN:XAUUSD
by David_strategy
1
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results. Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing. Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing. ⭐️Personal comments NOVA: Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping TP1: $2750 TP2: $2740 TP3: $2730 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2732 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024 Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity. Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024 /// SELL XAU : zone 2747-2750 SL: 2755 TP: 50 - 120 - 200 pips (2730) /// BUY XAU : zone 2717-2714 SL: 2709 TP: 50 - 120 - 200 pips (2734) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
Short gold, TP: 2730-2725Gold may still fall back and test the support of 2725 area again At present, gold maintains a volatile market as a whole. Although gold has failed to fall below 2730 several times, it is still in a rebound structure at the short-term level. But it is still relatively weak at present, and the rebound strength is not strong, so the continuity of gold rebound remains to be seen. At present, it is still suppressed by the trend in the short term, so gold may still fall back to around 2725, so I do not recommend aggressively chasing long gold for the time being, and you can still seize the appropriate opportunity to short gold.
OANDA:XAUUSDShort
by alongwineer
Clear Outlook for Gold Rebound: Bulls May Retest 2753At today’s opening, gold formed a long lower shadow, indicating that support remains intact. Currently, the MA5 is undergoing a shift from support to resistance, which, if successful, could signal a short-term bullish trend and a potential move higher. I expect gold to approach the MA60, around 2745, followed by a pullback to retest the MA5 to confirm support, potentially reaching 2753. Thus, buy orders placed on Friday may see profits today. However, as we approach the New York session, gold may encounter downward pressure. The daily chart shows a notable bearish divergence, suggesting a long-term trend shift. Barring a major bullish catalyst, this divergence may only resolve through further declines or consolidation. Iran’s possible retaliation could serve as a pivotal event. Meanwhile, tomorrow’s U.S. election is expected to bolster the dollar, potentially adding pressure on gold. Today’s strategy favors buying, but attention should shift to selling opportunities tomorrow.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of ​​the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
FXOPEN:XAUUSDShort
by David_strategy
1
Correction Gold. H4 04.11.2024Correction Gold 📉 On gold, I expect a deep correction to the buyers' target zone of 2637-2666. Just above the zone is the margin and also hits a strong accumulated volume profile on the rise. Together these factors give a high probability of a price bounce if it can reach the zone. From the current 2730 from 1/2 of the margin a bounce is also possible, but given the importance of the current week, the US elections on 5 November and the Fed rate on 7 November, we should consider the possibility of a deeper correction. CAPITALCOM:GOLD
CAPITALCOM:GOLDShort
by KovachTrader
11.4 Where will the gold trend go?Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen. BUY: 2720 Target: 2740------50 SELL: 2755 Target: 2730------20
FXOPEN:XAUUSD
by David_strategy
1
You Know: This Is Comprehensive Sell Trade setupCore Analysis Method: Smart Money Concepts - 7 Dimension Analysis This analysis provides a short-term sell setup within a larger bullish swing structure, using liquidity levels, chart patterns, and volume to determine an ideal entry point for a pullback. 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: Bullish Structure with Break of Structure (BOS): The current structure remains bullish, with a BOS already confirmed. However, there are signs of a potential pullback. Inducement Complete: Liquidity has been gathered in previous moves, indicating a probable short-term correction. Current Price Zone: The price is positioned in a discounted zone, making it an attractive area for initiating a short position during this pullback. Point of Interest (POI): Key Order Block (OB) and Fair Value Gap (FVG) areas are located around the 2724 price level, with liquidity resting here. Pattern: 🟢 Chart Patterns: A Rounding Top and Triple Top formation is present at the swing’s high, which could signal a reversal or the start of a Deep corrective move. 🟢 Candle Patterns: A Double Bottom is forming, with the last candle closing as an inside bar and showing bullish support. This pattern suggests a potential short-term rally toward the FVG area before resuming a bearish correction. Volume: Sell-side volume is showing strength, indicating the presence of sellers and supporting a potential downside move within this pullback. Momentum (RSI): 🟢 Momentum shows the price in a super bearish zone with signs of weakening bullish strength. A bearish divergence is visible at the top, suggesting a decline in bullish momentum and adding weight to a probable short-term reversal. Volatility (Bollinger Bands): 🟢 After a contraction, a squeeze breakout has been observed, with the price walking along the band. This formation often points to strong momentum, and in this case, it supports the downside breakout and potential continuation of the bearish pullback. Strength (ROC & DMI): Rate of Change (ROC) indicates an increasing bearish trend. Bear DMI Line is above the 20 level, with an upward ADX curve, indicating that bearish strength is building. Rating: ⭐⭐⭐ Probability: 60% The overall analysis suggests a moderate confidence level, with strong indicators for a short-term bearish correction within a larger bullish swing structure. Trade Setup: Entry Details: Entry Time Frame: M5 Entry TF Structure: Bearish Point of Interest (POI): FVG Trade Execution: 💡 Decision: Sell Limit 🚀 Entry: 2753 ✋ Stop Loss: 2763 🎯 Take Profit: 2725 😊 Risk to Reward Ratio: 3.5 RR 🕛 Expected Duration: 1 Day SUMMARY: This setup aims to capture a bearish correction within a bullish structure on the H1 timeframe. Key reversal patterns, such as the Triple Top and bearish divergence on RSI, alongside increased sell-side volume, suggest potential for a short-term downward move. A Sell Limit order is planned around 2753, targeting a quick pullback to 2725, with a favorable risk-to-reward ratio of 3.5 RR.
OANDA:XAUUSDShort
by Optimum369