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.
Xauusdlong
XAU ! 11/ 14 ! Waiting for short term recovery 2575XAU / USD trend forecast November 14, 2024! SCALPING
Gold prices (XAU/USD) hit their lowest since September 19, around $2,550, early in the European session on Thursday. Ongoing demand for the US Dollar (USD), driven by optimism about President-elect Donald Trump’s anticipated expansionary policies, continues to weigh on the metal, marking its fifth consecutive day of declines.
Price is in very strong support zone D frame - waiting for recovery reaction 2575
/// BUY XAU : zone 2547-2544
SL: 2541
TP: 40 - 80 - 150 pips (2559)
Safe and profitable trading
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
Retest trend ! short-term recovery! target 2625SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
USD bulls take a moment to pause as markets await the latest US inflation data, which could shape expectations for the Fed's rate-cut trajectory.
The Consumer Price Index (CPI) is projected to rise 0.2% in October and 2.6% year-over-year, up from 2.4% previously, raising questions about the Fed's capacity for further rate cuts.
⭐️Personal comments NOVA:
Short-term frame M15 - retesting trend, recovering with CPI news
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2598 - $2600 SL $2595
TP1: $2605
TP2: $2610
TP3: $2620
⭐️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
Gold Roadmap==>>Starting to RisingAs I ✅ expected ✅, Gold ( OANDA:XAUUSD ) started to correct from the Potential Reversal Zone(PRZ) , and after breaking the Ascending Channel , it managed to break the 50_SMA(Daily) as well.
Gold is moving near the Support zone($2,603-$2,584) and Support lines .
According to the Elliott wave theory , the first corrective wave of Gold ( main wave 5 ) can be completed in the Support zone($2,603-$2,584) .
Also, Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to Go up to at least the Broken Support zone($2,640-$2,624) .
⚠️Note: We should expect more dumps if Gold goes below the Support zone($2,603-$2,584).⚠️
🔔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.
GOLD Hits Local Top—$2400 First, Then New Highs AheadTime to Get Serious with TVC:GOLD OANDA:XAUUSD
Weekly chart printed a reversal signal right before the election date. If this signals follows through and closes below $2600 by the end of the week, we could potentially see prices drop below $2400.
The monthly chart looks strong overall, with TVC:GOLD being slightly overextended beyond the second target and failing to reach the $2900 level. This timeframe also points to $2300 as a good area to consider buying back.
This will likely take weeks to come to fruition. Expect prices to potentially range around current levels, with $2750 being a key area to keep shorting until it breaks.
Q2 should bring some positive movement for TVC:GOLD , but for now, it seems like a local top, and a new consolidation phase above prev ATHs (All-Time Highs) is likely to form in the coming months.
CPI data helps gold recover temporarily⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
On Tuesday, it was announced that Mike Waltz would serve as National Security Advisor and Marco Rubio as Secretary of State. Both are known for their firm stance on China, suggesting a high likelihood of tariffs being introduced.
At the same time, markets anticipate a less dovish Federal Reserve, with fed funds futures from the Chicago Board of Trade (CBOT) indicating a terminal rate of approximately 3.99%.
⭐️Personal comments NOVA:
Currently, the price is sideways around the 2590 - 2620 range, a short-term recovery for the next price decline.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630
🔥BUY GOLD zone: $2576 - $2574 SL $2569
TP1: $2582
TP2: $2590
TP3: $2600
⭐️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
XAU ! 11/13 ! SCALPING recovery , CPI newsXAU / USD trend forecast November 13, 2024! SCALPING
Gold price (XAU/USD) finds support on Wednesday, pausing its three-day decline to hit a recent low near $2,590, recorded the day before. A weaker performance in equity markets has helped boost the safe-haven asset during the European session. However, significant gains remain limited due to the continued strength of the US Dollar (USD).
Gold price moves in sideway trend M15, price range 2600-2610 , waiting for break and recovery to increase price
/// BUY XAU : zone 2604-2601
SL: 2598
TP: 40 - 80 - 150 pips (2616)
Safe and profitable trading
11/13 ! Gold recovered slightly, then continued to fall.XAU / USD trend forecast November 13, 2024
Gold prices fell below $2,600 on Tuesday, marking their lowest level since mid-September as the US Dollar Index (DXY) surged to a six-month high. Rising US Treasury yields further pressured gold, with XAU/USD trading around $2,599, down 0.77%.
Investors are closely watching former President Donald Trump's victory and his initial cabinet appointments, which could signal his policy directions on tax cuts, tariffs, and immigration.
Gold price will be sideways, stabilizing below 2650 to continue the downtrend at the end of 2024
/// SELL XAU : zone 2625-2628
SL: 2631
TP: 50 - 100 - 150pips (2613)
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 200 - 300pips (2622)
Safe and profitable trading
GOLD Finally Giving Bullish P.A ,Are You Ready To Get 500 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Short-Term Rebound in Gold, but Bearish Trend PersistsGold experienced a brief rebound today, rising nearly $15 during the Asian session. This rally is primarily driven by an oversold bounce, and while there may still be some upward movement during the U.S. session, the overall trend remains bearish. Since Trump's election victory, the U.S. economy has continued to show strength, further driving the U.S. dollar higher, putting additional downward pressure on gold.
The market is now focused on today's U.S. CPI data, as investors will assess whether this will prompt the Federal Reserve to continue its rate-cutting policy after December. If the CPI report is bearish, gold may face more significant downside pressure, and the probability of further rate cuts by the Fed could increase.
As a result, gold remains in a bearish market for the remainder of this week, though we anticipate a gradual recovery starting next week. With only a few trading days left this week, the strategy should remain focused on shorting gold.
Today's Trading Strategy: During the U.S. session, gold may experience some upward movement. This provides an opportunity to continue shorting gold, especially ahead of the CPI data release. Be sure to implement stop-loss and take-profit orders to effectively manage risk.
I recommend following this approach for your trades. Ensure proper risk management with stop-loss and take-profit settings, securing profits while mitigating potential risks. If you need a more detailed strategy, feel free to reach out. I will share the complete weekly strategy with all VIP members.
Gold's long-term trend is still forecast to increase in price.Geopolitical tensions are expected to cool down under Donald Trump. And the US economy will attract international capital flows. Cash flow poured heavily into many high-risk assets such as the stock market, cryptocurrency market,... thereby putting more pressure on gold.
However, in the medium and long term trend, gold is still forecast to increase in price. Many organizations have not changed their forecasts that gold will reach 3,000 USD/ounce by 2025.
Many experts believe that public debt, leverage and extreme taxes of Mr. Donald Trump have the ability to bring gold prices back to before. After a period of time, many private investors will overcome the debt situation and the pressure to control the US budget. Gold will then increase again.
With the recent sharp decline, it is likely that bottom-fishing demand from the "big players" in the market will increase again. China has stopped buying gold for 6 consecutive months, but may return to buying when prices fall deeply. China, Russia and many other countries are still accelerating the process of reducing the proportion of reserve assets denominated in USD.
🔥 OANDA:XAUUSD BUY 2590 - 2592🔥
💵 TP1: 2600
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2583
🔥 OANDA:XAUUSD SELL 2628 - 2630🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Waiting for 2575 ! DOWN trend, strong supportSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its post-election rally, reaching its strongest level since early July, which weighed heavily on Gold prices on Monday. Expectations of Trump's expansionary policies and corporate tax cuts are seen as inflationary, reducing the likelihood of aggressive monetary easing by the Federal Reserve. This continues to support the Greenback.
⭐️Personal comments NOVA:
Continued downtrend - waiting for support at 2575 for gold to recover
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2575 - $2577 SL $2570
TP1: $2585
TP2: $2600
TP3: $2620
⭐️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
Gold Set to Form “W” Bottom Based on the current price action, there is potential for a “W” bottom to form. If this pattern plays out, today’s high should surpass yesterday’s 2626. However, if the price falls below 2690, the key support levels to watch will be between 2578-2573. I personally believe the probability of this scenario is low.
Therefore, the strategy is to buy, but it’s essential to control position size and allow for some flexibility in case of unexpected adverse movements. Remain agile, seize the rebound opportunity, and manage risk effectively.
GOLD TO THE MOON AGAINGold has shown retracement from his daily fair value gap, resulting in choppy market at H4 time frame, and showing a Change of Characters/ Market structure shift at M15 timeframe, which indicates that gold is now looking to give long possitions.
wait for the price to break above 2602, to find good long opportunities
Key Data Signals a Challenging Week AheadThis week, it is essential to prioritize a bearish stance on the gold market, aligning with the prevailing downtrend. As analyzed yesterday, the broader environment remains unfavorable for gold. Trump’s recent election victory continues to strengthen the U.S. dollar, and given his focus on boosting the American economy, gold is likely to face sustained downward pressure.
Additionally, key economic data scheduled for release this week—including Wednesday’s October Consumer Price Index (CPI), Thursday’s Producer Price Index (PPI) and weekly jobless claims, and Friday’s retail sales data—are expected to weigh further on gold prices.
Therefore, the most prudent trading strategy this week is to focus on short positions in the gold market. For those following this analysis, this provides a clear trading direction. For a detailed, actionable trading strategy, please reach out. I will share the complete weekly strategy with all VIP members.
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
We broke our Key Level mentioned in our channel 2678 . Breaking below it, resulted in a price drop and a clear direction setup. We are now targeting our next KL (Key Level) at 2650 and if broken, we could very easily revisit 2600s (2604.700) to be exact. Overall we will be looking for sells at this point, even though we are extremely bullish on XAUUSD. 2600s is a key demand zone and we could continue back up from there.
KEY NOTES
- XAUUSD broke 2678 and dug deeper in the price.
- Break of 2650 (our next KL) would result in more sells.
- Possible revisits of the key demand zone at 2600s.
Happy trading!
FxPocket
Why Gold Fall Down! And What Is The Next?Hello Traders
Technically
When OANDA:XAUUSD dropped from 2790 gold become fully bearish and i also shared ideas for sell till 2682 but when 2682 could not stable and dropped from 2682 i gives you another target of 2640.
i gave you 2640 target because there was liquidity in 4H and 1D time frame Gold Has filled its liquidity gap and also completed its 4th impulsive wave in H4 and 1D time frame, Now is time to boom for 5th wave and the target is 2864.
Fundamentally
Greed increasing
fear decreased
XAUUSD: Today's Strategy—Buy LowFollowing yesterday's significant decline in gold prices, short-term indicators show a strong rebound potential. Today’s strategy is to buy at lower levels and wait for prices to rise above $2,640, at which point we can adjust the approach based on market movements. The detailed strategy was shared during yesterday’s session, so please refer to it if you need clarification. If you have any questions regarding trades, feel free to leave a comment, and I’ll be happy to assist.