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XAU ! 11/ 21 ! SCALPING Gold price still increasesXAU / USD trend forecast November 21, 2024 ! SCALPING Anticipations that US President-elect Donald Trump's proposed tariffs could drive inflation higher and reduce the Federal Reserve's (Fed) ability to lower interest rates continue to support elevated US Treasury yields. Combined with a generally upbeat risk sentiment, this could deter traders from making aggressive bullish moves on XAU/USD. Attention now shifts to upcoming US macroeconomic data and Fed commentary, which are expected to offer fresh direction for the precious metal. Long term frame, the uptrend still has great buying power. SCALPING short term frame to find a good BUY entry point /// BUY XAU : zone 2646-2643 SL: 2640 TP: 40 - 80 - 150 pips (2658) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
Understanding Gold's Path to$2680:Key Levels and Market BehaviorThe current correction in Gold is likely targeting the $2680 level, which remains relevant. However, there's also an interesting level at $2640 that has emerged along the way . This doesn’t change the overall bearish outlook for Gold, but I want to highlight something new! I’m pointing out an important detail for you: the price behavior at the $2590 level. Previously, this level was broken by a bearish candle (1), and the price has returned to it (2). The devil is in the details! Here’s the insight: if the price approaches this level from below again (as it has), breaks through, and then holds above it (1-2), we could see an upward trend. And vice versa. This pattern occurs very frequently across all instruments. The reason for the 'trigger' nature of the candle breaking support is that it serves as a trigger for many traders, including large ones. A well-established breakout pattern generates a chain of events and actions that are subsequently utilized by 'other' market participants. Keep an eye on it, or better yet, backtest it and draw your own conclusions!
OANDA:XAUUSDLong
by ClashChartsTeam
Go long gold: TP: 2675-2680Brothers, gold has failed to fall below 2660 many times, so as I said in my last article, I closed the short position near 2664, and immediately went long on gold near 2664, and manually closed the long position near 2770. At present, gold has fallen back to near 2660 again and has not fallen below, so I have gone long on gold near 2664 again. Although gold has fallen back locally, it has not fallen below the short-term support of 2655, and has not even fallen below 2660, so the gold bull energy still has the advantage, so the gold fall is an opportunity to go long on gold. And according to the current structure, gold still has the possibility of continuing to rise and touching the 2675-2680 area, and may even touch 2690. So the trading strategy: go long on gold in batches in the 2665-2655 area, TP: 2675-2680
OANDA:XAUUSDLong
by Trader_Marvin
The best signal for goldGold has been fluctuating at a high level during the day on Thursday. So far, it has reached the highest level of 2671. Now it is still fluctuating at the level of 2668. From the overall trend, gold bulls are still very strong, but the pressure from the upper 2680 level is also relatively strong. Therefore, we do not recommend going long at high levels, because the technical side may fall back at any time. Therefore, we mainly operate steadily and wait for a short-term decline to continue going long. Judging from the current 4-hour gold trend, the important upper pressure is at 2675-2680, the short-term support below is at 2648-50, and the support below is at 2640 Gold operation strategy: 1. Go long when gold falls back to 2648-2650, add to long position when it falls back to 2640, stop loss at 2633, target at 2660-65, break to 2675-80; 2. Go short when gold rebounds to 2675-2680 but does not break, stop loss at 2687, target at 2648-2652, break to 2640;
OANDA:XAUUSDLong
by ckb6ckb6
Gold prices continue to increase today !⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices continue to rise, marking their third consecutive day of gains, as risk aversion drives demand for safe-haven assets despite a strong US Dollar. The precious metal has gained over 3.40% this week, with buyers targeting the $2,700 level. At the time of writing, XAU/USD trades at $2,650, up 0.69%. The recent dip to a two-month low of $2,536 was largely due to profit-taking following Donald Trump's victory in the US presidential election. Concerns that some of his policies could reignite inflation pushed US Treasury yields higher and supported the Greenback. ⭐️Personal comments NOVA: The break of the H1 and H4 trends shows that gold price increases, reversing from decreasing to increasing ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2681 - $2683 SL $2688 TP1: $2670 TP2: $2660 TP3: $2650 Pay attention to the resistance area at 2672 and support at 2640 🔥BUY GOLD zone: $2614 - $2612 SL $2607 TP1: $2625 TP2: $2640 TP3: $2655 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
1
Short gold, TP:2660-2650Bros, gold has risen sharply under the support of risk aversion, and is currently near 2672. Although gold continues to rise in a cycle, it has not yet effectively broken through the 2675-2680 area. When facing this area, gold is expected to have a round of technical retracement. It is very difficult to chase the rise of gold at present, and there is no good position to participate in long gold, so at least wait until gold falls back to the 2660-2650 area before there is a better position to participate in gold long transactions. Obviously, before gold breaks through the 2675-2680 area, I will try to short gold first; after gold falls back to the 2660-2650 area in the short term, I will consider going long on gold!
OANDA:XAUUSDShort
by Trader_Marvin
Gold Market Update and Trading InsightsMarket Performance and Fundamental Analysis Gold prices climbed further today, affirming our bullish stance since the beginning of this week. Traders who have followed this strategy are already seeing solid returns. 1. Geopolitical Risks Driving Safe-Haven Demand The escalating Russia-Ukraine conflict has heightened global market concerns, boosting the appeal of gold as a safe-haven asset. Additionally, uncertainties surrounding global economic growth continue to underpin gold demand. 2. US Economic Data and Federal Reserve Outlook Key U.S. data to watch today includes initial jobless claims, the Philadelphia Fed Manufacturing Index, and existing home sales. However, these releases are expected to have minimal impact on gold’s upward trend, with geopolitical risks being the dominant driver. Trading Strategy Focus on long positions. Consider accumulating long positions below 2670, targeting the resistance level at 2683. A breakout above this level could pave the way for further gains. Key Levels to Monitor Support: 2660-2665; Resistance: 2683 and 2690; adjusted for individual risk tolerance. Risk Advisory and VIP Support While VIP users have reported strong profits, some traders may have experienced losses or trapped positions due to deviation from recommended strategies. If you need assistance, feel free to reach out for tailored solutions. To help new traders experience our methodology, I am offering a free VIP trial session. Contact me to learn more and gain exclusive insights. Reminder: Gold markets are highly volatile. Manage your positions wisely, adhere to your trading plan, and trade with discipline to ensure sustainable profitability.
OANDA:XAUUSDLong
by Falcon-Training-Camp
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
Gold Trading Strategy 11/21Based on the recent gold market movements, the following analysis and strategy are proposed: Market Overview: Previous Decline: Gold prices have declined from around 2670, causing long positions entered near 2700 to be trapped. Current Situation: As prices rebound to approximately 2650, some traders are closing positions to realize profits, leading to sustained fluctuations at this level. Remaining Positions: High-level positions remain trapped, requiring prices to rise to around 2670 for breakeven. Strategic Insights: Resistance at 2670: Upon reaching 2670, there is an 80% probability of price decline or consolidation, with only a 20% chance of further increase. Optimal Shorting Zone: The 2663-2673 range presents a favorable opportunity for short positions, offering potential high returns with manageable risk. Trading Strategy: Initial Positioning at 2652: Minimal Short Position: Enter a small short position to test market response. Minimal Long Position: Alternatively, enter a small long position to capitalize on potential upward movement. Adjustments Based on Price Movements: If Price Rises Above 2660: Close long positions. Add to short positions. If Price Falls Below 2640: Close short positions. Add to long positions. Risk Management: Stop-Loss Orders: Implement appropriate stop-loss levels to mitigate potential losses. Position Sizing: Ensure position sizes align with individual risk tolerance and account size.
OANDA:XAUUSDLong
by TradingGuide_Dean
Gold’s profit this week has been 280%After hitting a two-month low, gold rebounded in the short term, mainly because US President Biden announced that Ukraine could use long-range missiles provided by the United States to carry out deep strikes into Russian territory. Russia said it would respond to this reckless decision, which would directly involve the United States in the conflict. This has increased the uncertainty of the major geopolitical event of the Russia-Ukraine conflict and boosted gold's safe-haven demand. Safe-haven buying has driven gold prices higher. Driven by yesterday's positive line that broke through the 5-day line, the gold market sentiment today is obviously bullish. During the Asian session, it rebounded and tested the pressure at 2627, without breaking the expected 60-day line pressure. On the hourly chart, this also completed the short-term three-wave rebound action. However, during the European session, gold suddenly rose again, testing the pressure at 2636. Such a trend is a 4-wave small rebound rhythm on the hourly chart. This state is acceptable, but it also reflects that there is an extreme sentiment in the current market. The United States continues to stir up tensions in the conflict between Russia and Ukraine, and the market's risk aversion sentiment has heated up. Safe-haven buying has pushed gold prices up. In terms of operations, it is recommended to treat it with a volatile mindset. Affected by the cooling of the Fed's interest rate cut expectations, it is difficult to determine that the current rebound is a reversal unless the tension further intensifies. The support for gold below is $2,620, followed by $2,610, and the pressure above is $2,650, followed by $2,660. Overall, today's short-term gold operation strategy is recommended to focus on callbacks and high shorts. The upper short-term focus is on the 2650-2660 line of resistance, and the lower short-term focus is on the 2620-2615 line of support.
OANDA:XAUUSD
by ckb6ckb6
Gold Market Analysis and Strategy Based on the current market trends, there is a strong likelihood that gold prices will continue to rise beyond the 2650 level. At this point, a shorting opportunity may emerge, as there appears to be a potential downside of approximately $28, targeting a price around 2622. Key Considerations: Upward Momentum: Gold’s recent movements indicate strong bullish momentum, likely driven by market sentiment and technical factors. Resistance at 2650: The 2650 level serves as a significant resistance zone where the upward trend may stall. Shorting Opportunity: After reaching this resistance, there could be a reversal, offering a window for shorting with a measurable target. Trading Plan: Entry Point: Monitor gold prices closely as they approach 2650. Prepare to open short positions once signs of reversal appear, such as bearish candlestick patterns or a decline in momentum indicators. Target: Set the target at 2622, capturing the $28 potential downward movement. Risk Management: Use a stop-loss above 2660 to minimize potential losses in case of unexpected bullish breakouts.
OANDA:XAUUSDShort
by TradingGuide_Dean
Gold Market Analysis and Strategy Gold prices continue to fluctuate around the 2640 level. The initial short position has already reached the target of 2622. Currently, prices are rising again, and it is expected that the previous high of 2641 will be broken. Trading Strategy: Long Opportunity: Close around 2645 Short Opportunity: Alternatively, wait for the price to rise into the 2646-2655 range, which is anticipated to serve as a resistance zone, before opening short positions (selling). Expected Target: For the short position, a potential downside of approximately $19 is anticipated, targeting a drop back to the 2627-2636 range.
OANDA:XAUUSDShort
by TradingGuide_Dean
Gold Market Update and Strategy InsightsToday, gold prices rebounded sharply from the lows, driven by heightened safe-haven demand following news of North Korea’s potential involvement in the Ukraine conflict. Prices surged from 2622 to 2650, aligning with my recent emphasis on prioritizing long positions in gold. Those who followed this approach should have seen significant gains in their accounts! Market Outlook and Strategy Suggestions A technical pullback is likely in the near term, with 2640 identified as a key support level. If the price dips to this level, it is expected to trigger the next upward trend. Trading Plan for Today: Enter light short positions near 2650, targeting 2640; Increase long positions around 2640, aiming to ride the next bullish wave; Risk Management: Place stop-loss for shorts above 2660 and for longs below 2635. Risk Advisory and VIP Support While VIP users have reported strong profits this week, some traders may have experienced losses or trapped positions due to deviation from recommended strategies. If this applies to you, I am here to assist with tailored solutions. For those considering joining VIP but hesitant, I am offering a free trial session to showcase my strategic approach. Reach out if interested! Reminder: The gold market remains highly volatile. Always manage your positions wisely, avoid over-leveraging, and trade with discipline to secure sustainable profits.
OANDA:XAUUSDLong
by Falcon-Training-Camp
Helpful gold analysis for youGold fundamentals, November 20 🔹On Wednesday (November 20) in early European trading, gold prices hit 2618 and then stabilized and rebounded. The recent decline in gold prices after a sharp rise is mainly due to some investors choosing to take profits. However, the geopolitical situation surrounding Russia and Ukraine remains a focus of attention, which provides support for gold as a traditional safe-haven asset. 🔹At the same time, rising U.S. Treasury yields and a stronger dollar have suppressed gold prices. The market is currently paying close attention to the speeches of Fed officials for clues on the future direction of monetary policy, which may have an important impact on the trend of gold in the coming days. However, if the geopolitical situation becomes tense again, especially if the conflict between Russia and Ukraine escalates further, it may drive gold prices to rise sharply again. 🔹The recent strength of the U.S. dollar is mainly due to the market's optimistic expectations for President-elect Trump's economic policies, including potential tax cuts and tariffs, which the market expects may push up inflation. At the same time, U.S. Treasury yields continued to rise, with the 10-year Treasury yield reaching 4.8%, reflecting the market's increased expectations for strong economic growth. 🔹The Chicago Mercantile Exchange Group (CME) "FedWatch" tool shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in the December meeting has dropped to below 60%, indicating that market expectations for further monetary easing are weakening. The strong performance of the US dollar and bond yields still puts gold under certain pressure in the short term. 🔹Currently, gold prices are affected by multiple factors: on the one hand, geopolitical risks provide support for gold; on the other hand, the strengthening of the US dollar and the rise in US bond yields put pressure on gold prices. The future trend will depend on the remarks of Federal Reserve officials and the development of the situation in Russia and Ukraine. Investors need to pay close attention to relevant developments.
OANDA:XAUUSD
by ckb6ckb6
GOLD:A long trading strategy These two days of gold bulls are very strong, the daily line for two consecutive trading days crazy pull, has topped the daily pressure around 2642, in terms of its power 2642 is difficult to keep, yesterday stepped back today pulled up again, this wave of rise is caused by the escalation of the situation in Russia and Ukraine, today we first find more single opportunities 2642 This yesterday short thinking in line with expectations, there is little room for decline. Today's thinking to do more, at present, bullish strong support has been in step by step, long has worn the daily line 5 and 10 line, long trend is beyond doubt, but the weekly trend of short or in, we pay attention to it this wave of height can change the weekly short trend. The shape of K has been V-shaped, there are many opportunities for backstepping, and the 4-hour moving average is also pierced, the previous backstepping low 2620 is today's strong support, small support is already around 2630-32. Support around 2620 and 2630 can be long in batches, target 2642, disk strength division line 2632.
TVC:GOLDLong
by Boooooob
World tension! Gold price momentum increases⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536. At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold. ⭐️Personal comments NOVA: Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2672 - $2674 SL $2679 TP1: $2665 TP2: $2650 TP3: $2640 🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping TP1: $2618 TP2: $2625 TP3: $2640 🔥BUY GOLD zone: $2576 - $2578 SL $2571 TP1: $2588 TP2: $2600 TP3: $2610 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
4
Is Investing in Gold a Smart Move for the Future?A Precious Metal's Persistent Appeal Gold, the timeless symbol of wealth and security, is poised for further gains. It is predicted that the precious metal could surge to $2,900 an ounce by the end of 2025. Why Gold is Glimmering Several factors are driving this bullish sentiment for gold: 1. Central Bank Demand: o Central banks worldwide have been actively increasing their gold reserves. This strategic move aims to diversify their portfolios and hedge against economic uncertainties. o As geopolitical tensions escalate and inflationary pressures persist, central banks are turning to gold as a safe-haven asset. 2. Inflationary Concerns: o Persistent inflationary pressures are eroding the purchasing power of fiat currencies. Gold, historically, has proven to be an effective hedge against inflation. o As central banks continue to grapple with inflation, investors may seek refuge in gold to protect their wealth. 3. Geopolitical Risks: o Geopolitical tensions, including the ongoing Russia-Ukraine conflict, have heightened uncertainty and fueled demand for safe-haven assets. o Gold, with its long-standing reputation as a safe-haven asset, is likely to benefit from such geopolitical risks. 4. Declining Real Interest Rates: o Negative or low real interest rates reduce the opportunity cost of holding non-yielding assets like gold. o In such an environment, gold can become an attractive investment option. 5. Diversification Benefits: o Gold can serve as a valuable diversification tool within investment portfolios. o By adding gold to a portfolio, investors can reduce overall portfolio volatility and enhance risk-adjusted returns. A Word of Caution While the outlook for gold appears promising, it's essential to consider potential downside risks: 1. Rising Interest Rates: o Higher interest rates can increase the opportunity cost of holding non-yielding assets like gold. o If central banks aggressively tighten monetary policy to combat inflation, it could negatively impact gold prices. 2. Economic Recovery: o A strong global economic recovery could reduce demand for safe-haven assets like gold. o As investors become more optimistic about the future, they may shift their focus to riskier assets. 3. Market Sentiment: o Market sentiment can significantly influence gold prices. o Negative market sentiment, driven by factors such as economic uncertainty or geopolitical tensions, can support gold prices. Conversely, positive sentiment can lead to a decline in gold demand. A Strategic Investment Despite these potential risks, gold remains a compelling investment option for long-term investors. Its ability to preserve wealth, hedge against inflation, and diversify portfolios makes it a valuable addition to any investment strategy. Investors considering investing in gold can do so through various channels: • Physical Gold: Purchasing physical gold bars or coins is a traditional way to invest in the precious metal. • Gold ETFs: Gold exchange-traded funds (ETFs) offer a convenient and cost-effective way to invest in gold. • Gold Mining Stocks: Investing in shares of gold mining companies provides exposure to the gold market and potential dividends. By carefully considering the factors influencing gold prices and diversifying their investments, investors can capitalize on the potential upside of this precious metal.
OANDA:XAUUSDLong
by bryandowningqln
XAUUSD prices increased mainly due to Russia-Ukraine tensionsPreviously, investors expected that Mr. Trump could end the Ukraine conflict within 24 hours as announced after his election. Expectations that geopolitical tensions will cool in many areas have caused gold to plummet, from a peak of 2,789 USD/ounce recorded today, October 30, to 2,540 USD, November 14. But now, the forum in Ukraine may change. Ukraine believes that US long-range missiles can "change their address", while Russia will certainly respond strongly if Kiev uses long-range missiles to target Russian territory. According to Bloomberg, Moscow has just attacked Ukraine and launched a long-range missile made by an American manufacturer into Russia's Bryansk province. This is a very bad signal for this area. With the latest forums, gold recorded a very rapid increase in purchasing power. Goldman Sachs has just reported that gold will reach 3,000 USD/ounce in 2025. In the medium and long term, gold is still supported by the interest rate cycle of the US Federal Reserve (Fed). 🔥 XAUUSD BUY 2622 - 2620🔥 💵 TP1: 2630 💵 TP2: 2635 💵 TP3: OPEN 🚫 SL: 2614 🔥 XAUUSD SELL 2644 - 2642🔥 💵 TP1: 2635 💵 TP2: 2630 💵 TP3: OPEN 🚫 SL: 2652
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold Positive - Rebounds on Military TensionsXAU / USD trend forecast November 19, 2024 Gold prices (XAU/USD) drew safe-haven demand on Monday, rebounding after last week's sharpest weekly decline in over three years and breaking a six-day losing streak amid escalating geopolitical tensions. Additionally, a pullback in US Treasury yields led to profit-taking on the US Dollar (USD) following its post-election surge to a new year-to-date high, providing further support for the non-yielding yellow metal. Korean peninsula tension - boosts gold price to increase and recover. Wait for resistance zone according to FIBONACCY for gold price to decrease /// SELL XAU : zone 2640-2643 SL: 2648 TP: 50 - 100 - 200pips (2623) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1