Gold Roadmap==>>Short term!!!The recent CB Consumer Confidence and JOLTS Job Openings reports are both pivotal indexes for gold’s market reaction. A lower-than-expected JOLTS report , indicating fewer job openings, suggests possible economic slowing, which tends to support higher gold prices as investors look for safe-haven assets. On the other hand, if the Consumer Confidence Index shows strength, it can signal economic resilience, potentially reducing demand for gold as risk-on assets may become more attractive.
Gold ( OANDA:XAUUSD ) moved as I expected in ✅ yesterday's post ✅.
Gold is moving near the Potential Reversal Zone(PRZ) .
According to the theory of Elliot waves , it seems that we should wait for wave 4 of Gold in the 15-minute time frame .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,761-$2,756) and the Uptrend line .
⚠️Note: If Gold goes over PRZ, we have to wait for $2,800(at least)⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Goldsignal
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been trading side ways within the last couple of hour.the pair moved 2770-2788
Possible scenario
The best way to use this opportunity is to place a sell limit order at 2,788.
Set your stop loss at 2,795. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,768. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold Analysis ==>>Common Gap==>>Short term!!!Gold ( OANDA:XAUUSD ) has Re-entered the Potential Reversal Zone(PRZ) .
Today, I want to analyze Gold for you in the 15-minute time frame .
According to Elliott's wave theory , Gold seems to be completing microwave 4 . Wave 5 can fill the Common Gap($2,747.215-$2,746.010) .
I expect Gold to rise at least to the upper lines of the ascending channel(small) in the coming hours.
⚠️Note: If Gold goes below the Support zone($2,738-$2,734), we should expect more dumps.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD trading in the channelGOLD is in an ascending channel above the trend lines.
The price has already reached the upper boundary of the channel and has touched the resistance several times, to which it reacted by declining to the 50% retracement level of the last impulse.
The chart maintains an ascending structure.
We expect a small correction to the support in case the price consolidates under the correction level.
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DeGRAM | GOLD retest of 62% retracement levelGOLD is under an ascending channel between trend lines.
The chart has formed a rising bottom and a top.
The price has reached the 62% retracement level.
We expect the growth to continue after consolidation above the indicated level.
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GOLD OPENING GAP AND NEXT MOVE!On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above $2750. A well-managed long position in this scenario could yield a profit of 100-200 pips.
Gold Analysis ==>> Bearish Quasimodo(QM) Pattern!!!Gold ( OANDA:XAUUSD ) moved as I expected in the ✅ previous post ✅.
Gold is currently moving near the Potential Reversal Zone(PRZ) and inside the Time Reversal Zone(TRZ) , and the loss of the Lower line of the Ascending Channel can indicate weakness in the upward movement .
According to the theory of Elliott waves , it seems that Gold has managed to complete the main wave 5 , and now we have to wait for Corrective Waves .
From the point of view of Technical Analysis , it seems that Gold has succeeded in forming the Bearish Quasimodo(QM) Pattern , which can be another sign of the reduction of gold .
I expect Gold to decline to at least the Support zone($2,720-$2,708) , and if the support zone is broken , we should expect Gold to continue falling to the Next Support zone($2,686-$2,666) .
⚠️Note: If Gold can goes over $2,760, we can expect more pump for Gold.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD decline from the trend lineGOLD is moving in a descending channel between the trend lines.
The chart has already reached the trend line, which has already acted as a pullback point.
The price has consolidated in the channel.
We expect a decline.
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Gold Analysis==>>Correction Time!!!Gold( OANDA:XAUUSD ) entered the Potential Reversal Zone(PRZ) , as I expected in the previous post . ( The Long position is closed. )
Gold is moving near the Upper lines of Ascending Channels .
According to Elliott's wave theory , Gold is completing microwave 5 of microwave 5 of main wave 5 . So we have to wait for the CORRECTION .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small) .
⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Roadmap==>>When will Gold Correction Start Begin!?Today, I want to show you the Gold ( OANDA:XAUUSD ) roadmap before the US presidential election .
Gold has started an upward rally for over 2 months and is moving in an Ascending Channel .
Educational tip : Try to draw the channels you draw in the chart with a tolerance.
The question that arises for us is how long this bullish Gold rally can continue and when the correction of Gold will begin.
In addition to the fundamental discussion , we can use technical analysis tools to answer the above questions . One of the best methods is the Elliott Wave Theory .
According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 in the Ascending Channel(small) .
I expect the main wave of 5 Gold to finish in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ) , and then we have to wait for the starting correction .
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Let's see what the history of gold has been like in the last month before the US presidential election .
Throughout history, gold prices have often fluctuated in the months leading up to U.S. presidential elections. These changes have been influenced by various factors specific to each period. Here's a brief summary of gold's performance before some key U.S. elections :
1- 2016 Election (Donald Trump vs. Hillary Clinton) : Prior to the 2016 election, gold experienced significant volatility. Uncertainty about the outcome, especially with Trump's unpredictable economic policies, increased demand for gold as a safe haven. Gold prices rose in the months leading up to the election, reaching new highs after Trump's victory.
2- 2012 Election (Barack Obama vs. Mitt Romney) : Leading up to the 2012 election, gold showed less volatility compared to other years. The Federal Reserve’s expansionary monetary policies and low interest rates kept gold attractive as a safe investment. Gold prices remained relatively stable before the election but surged after due to concerns over the "fiscal cliff."
3- 2008 Election (Barack Obama vs. John McCain) : The 2008 global financial crisis had a massive impact on gold prices. In the months leading up to the election, gold saw increased demand as a safe haven. Economic uncertainty and large bailout packages led to a significant rise in gold prices during this period.
4- 2000 Election (George W. Bush vs. Al Gore) : The 2000 election was marked by the "hanging chad" controversy, causing significant political uncertainty. This drove demand for gold. In the months before the election, gold prices rose, and after the election, due to ongoing political unrest and doubt over the result, gold saw further increases.
5- 1980 Election (Ronald Reagan vs. Jimmy Carter) : During this period, severe inflation and political uncertainty, both domestic and international, increased the demand for gold. In the months leading up to the 1980 election, gold prices were on an upward trend and reached new highs.
Conclusion : History shows that gold often rises in the lead-up to U.S. elections due to political and economic uncertainty. Elections coinciding with financial crises or heightened uncertainty (such as in 2008 and 2016) have had a greater impact on gold price surges.
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Now, let's see how gold has performed in November .
Here’s a summary of the percentage changes in gold prices during November over the last 10 years :
1- November 2023 : Data not yet available, but gold has been volatile due to economic and inflation concerns.
2- November 2022 : Approximately +8% increase due to lowered interest rate expectations and recession concerns.
3- November 2021 : Approximately -1% decrease due to rising interest rates and stronger financial markets.
4- November 2020 : Approximately -5% decrease post-U.S. election, but demand remained high due to COVID-19 and stimulus packages.
5- November 2019 : Approximately +3% increase due to the U.S.-China trade war.
6- November 2018 : Approximately +1% increase after a few months of decline.
7- November 2017 : Approximately -2% decrease due to stock market growth and higher interest rates.
8- November 2016 : Approximately -7% decrease following Trump’s victory and market optimism.
9- November 2015 : Approximately -6% decrease due to anticipation of the Federal Reserve raising interest rates.
10- November 2014 : Approximately -5% decrease due to a stronger U.S. dollar and improving U.S. economy.
11- November 2013 : Approximately -4% decrease due to global economic recovery and the Fed's exit from its quantitative easing policies.
Gold in November tends to be influenced by changes in monetary policy and economic conditions. Years with inflation or uncertainty saw increases, while years with economic recovery and rising interest rates experienced declines. But in general, there has been a downward trend, especially in the years when the US presidential elections were held.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD reduced volatilityGOLD continues to reach new heights.
The chart is moving above the channel and trend lines.
The volatility of the price movement is decreasing.
The price has reached another potential resistance level, and an important psychological level of $2750 is located above it.
We expect a pullback.
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XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,726.30.
Set your stop loss at 2,722.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,736.30 ($10.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
DeGRAM | GOLD new peakGOLD is moving above the descending channel between the trend lines.
The price has already reached the upper trend line and is now under the resistance level.
The chart has been rising for a long period of time without significant pullbacks.
We expect a correction.
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Gold Analysis==>>Correction!!!Gold moved as I expected✅ in the previous post .
In this post, I also use the Bollinger Bands Indicator , it seems that Gold reacts well to the lines of this indicator. So as long as Gold reacts to these lines, you can use this indicator .
Gold is currently moving in the Resistance zone($2,686-$2,670) and managed to break the Uptrend line .
According to the theory of Elliott waves, gold seems to have completed wave 5 .
The Gold chart shows three Regular Divergences(-RDs) . One of the most reliable is the Regular Divergence(RD-) in Bollinger Bands Indicator ( Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. )
I expect Gold to drop to at least $2,652 after breaking the Support line .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD descending structure is brokenGOLD is moving above the descending channel between the trend lines.
The price reacted with a decline, reaching the resistance level.
The chart has broken the descending structure.
We expect a pullback between the trend lines if the price holds under the resistance level.
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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 Analysis==>>Bollinger Bands!!!Gold ( OANDA:XAUUSD ) moved, as I expected in my previous post .
Gold is moving near the Resistance zone($2,686-$2,670) and within the Bollinger Bands Indicator ( we can consider the upper and lower lines as Support and Resistance ).
What is Bollinger Bands Indicator!?
Bollinger Bands is a technical indicator used to measure market volatility. It consists of three lines:
Middle Band: A simple moving average .
Upper Band: Two standard deviations above the moving average.
Lower Band: Two standard deviations below the moving average.
When prices hit the upper band, the asset might be overbought; hitting the lower band suggests it could be oversold. Tight bands indicate low volatility, while wide bands show high volatility. It helps identify potential entry and exit points in the market.
According to the Elliott wave theory , Gold seems to have completed 5 impulsive waves . We should expect the Corrective waves to finish and Gold to start increasing again.
I expect Gold to start rising again after hitting the lower line of the Bollinger Bands or 50% Fibonacci line and attacking the Resistance lines .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DeGRAM | GOLD pullback from the channel boundaryGOLD is moving in a descending channel between the trend lines.
The chart maintains the descending structure.
After reaching the upper boundary of the channel, the price reacted with a pullback and is now trading under the resistance level, which coincides with the 62% retracement level.
We expect a continuation of the decline from the resistance.
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DeGRAM | GOLD testing of the upper channel boundaryGOLD is moving in a descending channel between the trend lines.
The price has descended, reaching the upper boundary of the channel.
The chart maintains the descending structure.
The resistance level coincides with the retracement level, which the price will have to overcome to continue the growth.
We expect that the chart will continue to decline after retesting the resistance level.
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