XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
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: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
Xauusdidea
XAUUSD: Key Resistance 2712-2720Following the rate decision, gold saw a slight pullback as expected, then rebounded near support. Those following the long strategy have locked in profits. Looking ahead, the focus now shifts from support to resistance, specifically in the 2712-2720 range. If gold reaches or approaches this resistance zone, it may offer an opportunity for short trades. However, caution is advised; avoid excessive risk, and stay alert to signals of a potential trend shift in the broader timeframe.
XAU/USD – Is the Uptrend Ready for the Next Move?Gold is approaching a major support level within its rising channel! 📊 Could this be the next higher low (HL) in the uptrend?
If bulls step in here, we might see a push back toward the channel highs! 🚀
🔹 Key Support Levels: $2,655 is the immediate support, while $2,580 serves as a critical backstop below.
🔹 Potential Setup: Long on bullish confirmation around these supports.
🔹 My Thought: I believe Gold could be forming another HL here, potentially setting up for another push higher before any major correction. Historically Gold has shown bullish momentum leading up to U.S. elections, rallying once before turning bearish afterward.
What are your thoughts? Are you bullish or bearish on gold?
💬 Drop your comments below and let’s discuss! 👇
XAUUSD: Holding Short Positions Over the WeekendAfter rising to around 2704, gold prices have retraced, and the resistance remains strong, causing the price to fluctuate near the support level. Market sentiment remains cautious, making it difficult to form a clear trend in the short term. If you prefer not to hold positions over the weekend, it's recommended to close your positions before the market closes.
If you choose to hold positions over the weekend, I would personally suggest considering holding short positions before the market closes. Given the current market weakness, gold prices may face further downward pressure.
For those with less favorable account conditions, it's advisable to set stop-loss orders (SL) to effectively manage risk. Unpredictable news or events over the weekend can cause unexpected volatility, and having a stop-loss in place will help prevent significant losses from sudden market movements.
Capture Final Profits with Targeted Range TradingMarket Analysis: Today marks the final trading day of the week, and after capitalizing on the week’s significant volatility, we’re positioned for a more subdued session. With the U.S. presidential election concluded and the Fed’s rate hike now settled, external drivers for gold have largely subsided. As a result, gold is likely to trade within a defined range without any dramatic price swings.
Forecast and Range Projection: Gold is expected to fluctuate within a range, with resistance at 2705 and support at 2690. As it approaches resistance, prices may dip, while support levels around 2690 could trigger a rebound. Accordingly, today's trading strategy is simple: focus on range-bound trades by selling at resistance and buying at support.
Trading Strategy:
Sell near 2705
Buy near 2690
Recommendations: For those ready to execute, this plan provides clear guidance for capturing profits within the range. For detailed strategies and ongoing insights, please contact me. VIP members will receive a complete weekly trading plan, tailored to maximize returns on today’s final moves.
Best trading opportunity before interest rate decision!Market Analysis: Gold has made a powerful comeback today, and those who followed my buy recommendations yesterday have seen substantial profits—congratulations to all VIP members! Reviewing yesterday’s price action, gold's sharp decline was primarily triggered by Trump’s election win, a bearish news factor that was quickly digested by the market. With the Fed’s rate decision looming today, gold remains in a bullish trend.
Forecast and Price Movement: Analyzing the current market setup, I anticipate a minor pullback in gold, likely toward the 2680 level. This dip is expected as the gold market prepares for a potential Fed rate cut in the next few hours. Thus, I foresee a brief drop in prices leading up to the rate announcement, followed by a significant rally post-cut.
Trading Strategy:
Aggressive Approach: Enter a short position at current levels but secure profits before the rate decision.
Conservative Approach: Wait for a pullback before the rate cut to establish a long position, capitalizing on the anticipated post-cut rally.
Summary and Recommendations: This analysis should provide a clear direction for today’s gold trading. For a detailed breakdown of this week’s trading strategies, please reach out. All VIP members will receive an exclusive, complete trading plan to maximize gains during this pivotal market phase.
XAUUSD: Target of 2686 Achieved; Bulls Still Have OpportunityAs of now, gold has rebounded by over $40, achieving the 2686 target shared in our post-drop strategy. Those who sustained losses during the recent decline should now have recouped them, and some may even be in profit. This trading experience has likely given everyone a deeper understanding of the market, as well as an opportunity to learn to overcome the inevitable fears that come with trading, helping to bring a more rational approach.
Looking ahead, I believe the rebound following this major drop is not yet over. A retest of support levels will be a key focus, and as long as support holds, gold reaching 2700 again seems very likely. For strategy, we can continue focusing on buying at lower levels.
XAUUSD: From $2720 To $2500 A Move of 2200+ Pips ! Comment DownOANDA:XAUUSD
Price dropped after creating a record high at 2790$, price dropped as mainly due to US Elections and aftermath of the election. We can see price to drop further after filling up the fair value gap within the market. Please do your own research before taking any decision. Good Luck.
Expectations of a Fed rate cut boosted the reboundMarket Analysis: Today, gold prices have fallen below the 2700 mark following a surge in the U.S. dollar after Donald Trump’s surprising political comeback as President. The primary driver behind this pullback is the market’s expectation that Trump, known for his pro-capitalist stance, will prioritize U.S. economic growth. This outlook has strengthened the dollar, resulting in downward pressure on gold.
Currently, it appears the market has largely priced in the bearish impact of Trump’s election, limiting gold's potential for further decline. Additionally, the Federal Reserve’s two-day policy meeting, concluding on Thursday, is expected to result in a 25-basis-point rate cut, which would likely provide upward momentum for gold.
Trading Strategy: Given the current low levels, going long on gold presents a strategic opportunity. With the anticipated Fed rate cut, we can expect a positive impact on gold prices, fueling a rebound.
Recommendation: Based on this analysis, the general trading direction should be clear. For specific entry points and comprehensive weekly strategies, please reach out. All VIP members will receive exclusive access to this week’s detailed trading plan.
XAUUSD: The Rebound Is Not Over YetDue to the impact of the news, gold prices have fallen significantly. When gold prices approached around 2660, I suggested buying within the 2660-2652 range to capture the rebound after the sharp drop. The first wave of the rebound reached a high of around 2678, with a gain of over $20, and those who followed the signal made very decent profits.
Currently, gold prices are oscillating in the bottom range, with volatility gradually decreasing. However, the rebound has not ended yet, and there is still room to buy. This rebound should at least push prices above 2680.
Tomorrow, we have the interest rate decision, and the market widely expects a 25 basis point rate cut. After today’s drop, gold should not see much more downside in the short term. Therefore, tomorrow’s trading should focus on buying at lower levels. The first key support levels to watch are the 2652-2648 range, followed by around 2639.
Overall, the current market environment still holds opportunities, but it's crucial to stay flexible and adjust strategies according to market movements. Patience and risk management will be the keys to successful trading.
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish.
This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure.
Price is now trading within an established swing range.
Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase.
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: Bullish.
-> Internal: Bearish.
As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range.
Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone.
Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated.
M15 Chart:
XAUUSD - GOLD - Scalping Mode! 4th NovLet's see what the market has to offer.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
XAUUSD: Buy@2660-2652 TP 2686-2702The result of the election, with Trump becoming the President of the United States, led to a significant drop in gold prices. The original target range for this week was between 2786-2752, but due to the news impact, the target was reached earlier than expected, so the upcoming trading plan needs to be adjusted.
Today's trading was quite volatile. The long positions entered early were closed near 2728, resulting in some losses. However, these losses were effectively compensated during the subsequent rebound. At the same time, short positions brought in substantial profits .
Currently, gold prices have dropped to around 2760.. It's important to note that gold's price corrections often come with strong rebound signals. If you're currently holding long positions and temporarily trapped, it's advisable to remain patient, as a rebound is expected soon. My personal target for this rebound is around 2700. The potential for this rebound is worth watching closely.
XAUUSD: 300+ Pips Daily 1 HR View! Dear Traders,
Price dropped from 2792 to 2733 record 600 pips, now we are looking at the price correct the fair value gap that it has created due to that massive drop. Now we are looking at the nice correction and price might reject from the 2772 area. Good luck.
Trade safe!
XAUUSD / UNDER CHOICE PRESIDENT AMRICAN / 4HXAUUSD / 4H TIME FRAME
HELLO TRADERS
Market Influence of Election Results:
The text suggests that if Donald Trump wins the election, it could impact the financial markets by increasing the price of gold and decreasing the value of the dollar. This reflects the common market reaction where political uncertainty or risk can lead to a “flight to safety” in assets like gold.
Current Gold Price Levels:
• The current price range mentioned is between $2,728 and $2,709. This is described as a support or stabilization zone, where prices are attempting to maintain a level above $2,709.
• If the price stabilizes above this range, there’s an expectation that gold could continue to rise, aiming for a “Fair Value Gap” (FVG) between $2,756 and $2,772. Above this FVG, there is a “supply zone” where upward momentum might slow or reverse due to selling pressure.
Downward Scenario:
• If the gold price falls below $2,709, it suggests a possible decline toward the “demand zone” between $2,688 and $2,672. A demand zone indicates a level where buyers might come in, potentially stopping or reversing the price decline.
Overall Trend:
• The text concludes that gold is trading under upward pressure, meaning that current market sentiment is biased toward price increases. This could be influenced by factors like inflation concerns, economic instability, or political uncertainties tied to the election.
What will happen to gold after the U.S. election?After Trump was elected in the U.S. election, gold went through a wave of decline. It once retreated to around $2,702, and then moved back to the 2,732 position. It fell as fast as it rose!
Gold rebounded after retreating to 2701. Pay attention to the pressure positions of 2734 and 2745.
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low.
Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS.
While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure.
Intraday Expectation: Price is anticipated to target the weak internal low.
Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile.
M15 Chart:
XAU/USD 05 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As highlighted in yesterday's intraday analysis dated 04 November 2024, I mentioned that price was expected to continue targeting the weak internal low.
Price followed this expectation, reaching the weak internal low and printing a bearish iBOS.
Subsequently, price has printed a bullish CHoCH, indicating the initiation of a bullish pullback phase. Internal structure has also been confirmed.
Intraday Expectation: Price is expected to react at either premium of the 50% EQ or the M15 supply level before targeting weak internal low.
M15 Chart:
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionIn this video, we dive into the latest Gold (XAU/USD) market analysis and review the impacts of recent U.S. economic data on Gold prices. On Friday, Gold saw high volatility, with prices hitting the $2,760s following a weaker-than-expected Nonfarm Payrolls (NFP) report. However, a sell-off brought prices back down to the $2,740s as additional data from the Institute of Supply Managers (ISM) showed mixed economic signals.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#GoldAnalysis #XAUUSD #ForexTrading #GoldPrice #NFP #ISMData #SafeHaven #GoldMarketAnalysis #WeeklyGoldOutlook #EconomicData #GoldTrading#economicuncertainty📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAUUSD: Continue to Monitor Resistance at 2750-2758Gold has once again tested support without breaking it, indicating short-term upward momentum. During the Asian and European sessions tomorrow, consider focusing on low buys, with resistance continuing to be monitored around the 2750-2758 area.
The upcoming election news during the US session is likely to have a significant impact on the market, so while seizing opportunities, be mindful of potential risks.