XAUUSD: Another 1500+ Pips Drop is Coming Up! OANDA:XAUUSD OANDA:XAUUSD
Price dropped to $2537 and then started showing some correction, However at 2577 we some strong resistance, we think price is likely to drop further in coming weeks. This analysis is based on last three analysis so please go through previous analysis. Thank you.
Xauusdanalysis
XAUUSD:15/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2627, support below 2500
Four-hour resistance 2581, support below 2535
Gold operation suggestions: Yesterday, gold technically fell and then rose, and the deep V rebound rebounded strongly. The price of the Asian and European sessions was under pressure at the 2580 mark and fell rapidly. The European session further retreated downward and broke through the 2570 mark to reach 2560 and fell into sideways fluctuations. Before the US session, it quickly fell down and broke through the 2540 mark to reach 2536 and stabilized, and finally formed a deep V rebound, breaking through and standing on the 2570 mark to reach 2578 and fell under pressure to close. The short-term decline in gold prices may have bottomed out at 2636.
Today, the short-term support of 2550-2553 is concerned below, and the short-term pressure above is concerned around 2588-90. The overall support for the day is to sell high and buy low in the 2550-2590 area. At present, the decline of gold has almost reached a certain level, and it is likely to start to fluctuate and consolidate. In the short term, the gold price will stabilize at the 2536 mark and fluctuate upward to repair the previous decline. Do not short at will at a low price.
BUY:2550near SL:2545
SELL:2581near SL:2585
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
GOLD SHORT next weekhello traders
i think gold going short soon actually earlier monday will be long to 2431 then on late london sesion after it reach its destination its going short.
so we can short after price action confirmation from 2431-2441
first Tp: 2360
second tp: 2311
stop loss: depend on price ation entrance not bigger than2450- 2470
after its rest in last resrvation TP2 it will be seeking for its Long movement up.
Gold XAUUSD How Long This Correction Will Continue! Read CaptionOANDA:XAUUSD forms a retreat and tests 2577 following a fake breakdown of 2546. After such a severe fall, it is a very reasonable response. The dollar is growing more quickly, and the fundamental context is still negative.
China's ambiguous economic figures heightened economic worries. Powell stated that there is no need to lower interest rates right now because the economy is still expanding, the job market is strong, and inflation is still above the 2% target, but this uncertainty regarding future rate reduction by the US Federal Reserve is still weighing on the markets.
Now, everyone's eyes are on the crucial retail sales data.
Technically, it is important to watch the resistance at 2589 and the 0.5-0.7 fibo. Below these areas, a false breakdown and consolidation could lead to a collapse.
Resistance levels: 2578, 2592, 2604.
Support levels: 2543, 2532, 2504
Key : 2565
OANDA:XAUUSD Gold is currently indicating that the pullback up might be a little drawn out. Before the news, MM will probably aim for liquidity (above these levels). Bears may become active in response to a false breakout, which would only boost sales.
However, the likelihood of a breakdown and decline will rise if there is a bounce from 0.5 fibo and a smooth recovery to 2546.
XAU/USD 15 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Following price has printing bearish iBOS, price has printed bullish CHoCH indicating bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 supply zone before targeting weak internal low priced at 2,536.896.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
Gold rebounded strongly, short-term bearish, long-term bullishGold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish.
The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market.
First support: 2556, second support: 2545, third support: 2530
First resistance: 2580, second resistance: 2590, third resistance: 2605
Trading strategy:
You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
XAUUSD: Buy at low level, target 2578-2590The first rebound after the significant drop is basically over, and it has already reached the resistance area. During the upcoming retest, pay attention to the support near the previous low.
Just like the strategy I gave when the market rebounded to around 2620 last time, this time we should also watch for a potential W-shaped trend. If it appears, a rebound to the 2578-2590 range should not be a big issue. So, for tomorrow's trading, the focus should be on buying at lower levels.
For those who enjoy scalping, don't be too greedy during the trade—keep an eye on the rhythm, and don't neglect risk management.
If you have any questions, feel free to leave me a message.
XAU/USD 14 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Previous intraday analysis where I mentioned that price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725 was how price printed.
Price has printed a further bearish iBOS.
We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone.
Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAUUSD: 14/11 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold is in the Bearish DirectionHello 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 is in the Bearish DirectionHello 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 - low placed?? what's next??#GOLD.. well played by gold market and perfectly placed our areas.
so far market placed 2536 as today low and that low is a very reasonable low for today.
if market hold it in that case you can see again bounce from here towards our areas 2550 and 2567 , 2572
so keep close and don't short now until market hgold 2536
good luck
trade wisely
GOLD - one n only area, what's NEXT???#GOLD - perfect move as per our analysis guys and market placed our today first area that was 2550 around as we discussed.
guys that area can play major role in today.
keep close that area 2550 and take it serious.
because only that area can create again buying volume otherwise not. if market didnot hold it in that case expected areas are on table.
2523 n 2480
good luck
trade wisely
XAUUSD / RANGE BETWEEN SUPPLY ZONE AND DEMAND ZONE / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Previous Price Movement , The price initially rose to a supply zone, achieving a profit of +240 pips, indicating a successful upward trade before the price began to decline.
Current Support Zone, The price has now fallen to a demand zone between $2,565 and $2,550. This zone is viewed as a potential area of support where buyers may enter, potentially reversing or slowing the decline.
Potential Price Increase, There’s an expectation that the price could bounce back up to an FVG between $2,636 and $2,664. This gap might act as an interim target, providing resistance where the price could stall or reverse again.
Upward Continuation , For prices to continue rising, they would need to stabilize above the demand zone between $2,565 and $2,550. If they do, the target for the next supply zone lies between $2,687 and $2,708.
Risk of Further Decline, However, if the price breaks below and stabilizes under the demand zone, it suggests a likely continuation of the downtrend, as it would indicate a weakening of buying support.
Overall Trend , Despite the downward moves, the overall trend is described as under “upward pressure,” indicating a bullish bias in the larger context.
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes.
Scenario 1: BUYS
We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels.
Scenario 2: SELLS
We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD came to our KDZ (Key Demand Zone) 2600.
- XAUUSD has dropped to lower areas (2590).
- Trading above 2590 and breaking above would result in buys.
- Breaks below 2590 would result in Scenario 2 unfolding.
Happy trading!
FxPocket
Gold resistance support point market analysis.Gold continued to close with a weak short position, and the daily line fell sharply. Today, gold rebounded and continued to short. There is still room and demand for further decline. The price fell to the trend line of 2556. Pay attention to the top and bottom conversion position of 2530 below.
Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short.
First support: 2555, second support: 2542, third support: 2530
First resistance: 2570, second resistance: 2580, third resistance: 2591
Trading strategy:
BUY: 2551-2553
SELL: 2580-2582
GOLD - there is only single area? holds or not??#GOLD... perfect move as per our analysis in Tokyo session and congrats to all.
now we have again single area that will play key role in next move that is 2613 one n only.
keep close that area because if market hold it in that case you can see a further drop towards expected bottom.
dont be lazy here.
good luck
trade wisely