Gold buy setupHi everyone.
I set two setups. one with narrow SL and higher risk to reward, and the other with bigger SL and lower risk reward.
Let's see does the price reach our entry point.
Xauusdlong
#xauusd #elliottwave long buy setup wave 3 25Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Gold Market Outlook: ReboundToday, the news about the Israel-Palestine ceasefire triggered a sharp drop in gold prices, highlighting the significant impact that war news can have on gold. Recently, updates on the Russia-Ukraine peace talks are also expected to emerge gradually. Traders should remain cautious and avoid blindly chasing highs, because if there is positive news regarding the peace process, gold will likely experience sharp volatility. Although there will undoubtedly be various conflicts during the peace talks, I believe the ultimate outcome will be a successful agreement—it’s just a matter of which side gains more benefits.
Earlier, I posted a strategy for trading gold during the Russia-Ukraine peace talks. If you're interested, feel free to check it out.
As for current trading, after the large amount of selling pressure has been released, gold is expected to experience a corrective rebound. I’ve already provided specific trade signals—buy in the range of 2636-2621, with a target above 2650.
If you'd like to receive signals in real time, you're welcome to follow me.
Safe-Haven Demand Eases, Bears Take Control in the Gold MarketFundamental Analysis:
Gold prices have reversed last week’s upward momentum as safe-haven sentiment continues to diminish. Positive developments in the Middle East have contributed to this shift, with Israel’s ambassador to the United States confirming that a ceasefire agreement with Lebanon’s Hezbollah could be reached within days. This news has triggered a significant retreat in safe-haven buying.
Meanwhile, the nomination of Scott Bassett as Treasury Secretary by U.S. President-elect Donald Trump has bolstered market stability, further improving risk appetite. Although U.S. Treasury yields have declined—a factor typically supportive of gold prices—the broader improvement in market sentiment has left gold under pressure. With bearish sentiment prevailing from the week’s outset, the gold market is now dominated by a clear downward trend.
Technical Analysis:
Gold prices have experienced a sharp pullback, with immediate support found near 2660. Key resistance is identified at the 2690 level, with the short-term ceiling at 2700. The technical outlook remains bearish, with limited prospects for a near-term reversal.
Trading Strategy for Today:
Recommendation: Enter short positions in the 2688-2691 range, with a stop loss above 2700.
Target Levels: First target at 2675, followed by 2665 for further downside potential.
Advisory Note:
While VIP strategies have performed well recently, some users may experience losses or trapped positions due to a lack of understanding of trend-based analyses. If you are facing such challenges, feel free to reach out for personalized assistance. For those considering joining the VIP program, a complimentary trial session is available to help you better understand the value of our services. Interested parties are encouraged to contact me directly.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Please manage your risk carefully and avoid overleveraging.
Gold falls - the market is still in an Uptrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Conversely, some Federal Reserve (Fed) officials remain cautious about further rate cuts, which could limit gold’s upward potential. Markets are recalibrating their expectations for Fed rate reductions next year as inflation concerns take center stage. Elevated interest rates tend to diminish gold's attractiveness. According to the CME FedWatch Tool, traders now see a 50.9% probability of a 0.25% rate cut, a decline from 69.5% just a month ago.
⭐️Personal comments NOVA:
Gold decreased at the beginning of the week, the market created more liquidity in the price range below 2700
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2685 - $2687 SL $2700 scalping
TP1: $2680
TP2: $2675
TP3: $2670
🔥SELL GOLD zone: $2739 - $2741 SL 2746
TP1: $2730
TP2: $2715
TP3: $2700
🔥BUY GOLD zone: $2653 - $2651 SL $2646
TP1: $2665
TP2: $2680
TP3: $2690
⭐️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:Continue to go long
Last week rose too much, there will be a large repair and shock at the beginning of this week, the general trend of the weekly line has been affirmed, yesterday's article I also mentioned, in the repair of the back step is we once again layout more single opportunities, weekly positive bag negative, this week will be the inertia of the long rise, the possibility of turning down again is small, the market is always right, we are just a follow, I still adhere to the trend operation. Also note that the market will be closed this week for Thanksgiving.
V shape is very clear, this week to see a big repair 4 hours has closed the big Yin plunge, and to the market to a surprise, we estimate the repair range is 2660-2710, more single opportunity close to 2660 to continue to do long, the current trend here after the retreat began to pull up, 2665 can also go long, the upper space is large, Continue to retracement 2660 and add long position, target 2700-2710. Short chance estimate is the time before the pressure rebound, the magnitude of this big wave is very large we can both long and short.
Support 2660, strong support 2642, pressure 2700-2710, disc strong and weak water line 2690
Gold Profits Realized, Next Moves in FocusAfter opening, the gold price peaked around 2721 before beginning to decline, falling short of the 2726 level for adding positions. Ultimately, a profit of 1,000–1,800 points was achieved.
Looking ahead, continue to monitor the 2710–2720 area. If bearish momentum remains strong, this zone can serve as an opportunity to short again. If the price moves higher, our focus will stay on the 2726–2732 range.
Bulls - high pressure ! XAU increase next week ✍️ NOVA hello everyone, Let's comment on gold price next week from 11/25 - 11/29/2024
🔥 World situation:
Gold prices surged to a two-week high on Friday during the North American session, supported by a dip in US Treasury yields. Geopolitical tensions kept the metal in demand, though improved US business activity limited its upward momentum. At $2,710, XAU/USD is up 1.50%.
The yellow metal gained strength as the US 10-year Treasury yield dropped by two basis points to 4.40%, providing a boost to gold. The precious metal is on track to post weekly gains exceeding 5%.
🔥 Identify:
A week that saw a big recovery, gold returned above the 2710 area. World tension news is still the main driver for gold prices to continue to recover.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2747, $2788, 2800
Support : $2645, $2604
🔥 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
- The winner is the one who sticks with the market the longest
Gold is Ready For BullHello 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 Market Analysis and Strategy 11/25Last week, gold prices opened with a steady upward momentum, rising for five consecutive days. Each day closed as a bullish candlestick on the daily chart. On Friday, gold made a significant move, breaking above the MA30 and MA20 resistance levels with a strong bullish candlestick.
From a momentum perspective, prices are expected to continue rising. Key attention should be given to the resistance zone between 2726-2737, where selling pressure is likely to emerge.
Trading Recap:
On Friday, I shared a sell signal at 2710, and later suggested closing the position near 2707 if you didn’t want to hold over the weekend. Some traders might have closed their positions at that time.
For Those Still Holding the Short Position:
Be mentally prepared to hold the position, as gold may climb further to around 2732.
Expect a Pullback:
Don’t panic, as a retracement is inevitable.
Suggested Trading Plan:
Enter a long trade at the opening price.
Close the long position around 2722-2728 to lock in profits.
Open a Short Position After the Rally:
Once prices rise to 2726-2734, begin adding short positions.
Target Levels:
I expect gold to at least retest 2707, with a probable downside target around 2678.
Risk Management:
Use stop-loss orders to manage risk effectively.
Ensure position sizes are within your risk tolerance.
Final Thoughts:
This strategy allows you to take advantage of both upward momentum and the anticipated pullback. Monitor price action closely and make timely adjustments to your positions. If you have any questions or need further guidance, feel free to reach out.
XAU TO NEW ATH? (UPDATE2)Hello,
After gold reaching new highs this year
We expect it to reach a new historical ath with these numbers on the chart.
Please wait for test (1) if it touches the entry area and closes at the top.
Our entry will be with a retest. (2)
XAU/USD Longs from 2695.000 or 2665.000 back up to supplyThis week, my analysis for gold leans toward continued bullish momentum. Over the past week, gold has shown significant bullish behaviour, including a clear change of character to the upside on the higher time frame. My plan is to look for buying opportunities at the nearest valid demand zones, specifically the 55-minute or 13-hour demand zones below the current price level.
Following this corrective move, I anticipate another rally to the upside, potentially mitigating my marked supply zones above, where I’ll evaluate for short-term selling opportunities. However, I’ll reassess as the week progresses. For now, my bias remains firmly bullish on gold.
Confluences for GOLD BUYS:
- Price has broken structure to the upside and continues to display strong bullish momentum.
- Both higher and lower time frame analysis indicate persistent bullish pressure.
- Key demand zones provide excellent retracement levels for potential buy entries.
- Significant upside liquidity remains untapped, acting as potential targets.
- Candlestick patterns highlight robust bullish sentiment.
P.S. With ongoing fundamental news driving gold’s bullish movement, my sentiment will remain bullish unless there’s a clear indication of a trend reversal.
Is XAUUSD Primed For A Pullback & Buy Opportunity?👀👉 The XAUUSD Gold market has recently experienced a pullback from a crucial liquidity zone and is now making its way back toward previous highs, sparking interest among traders about potential moves ahead. I am considering a buying opportunity, contingent upon a retracement to equilibrium and a bullish structural break. 📊 Disclaimer: This content is intended for educational purposes only and should not be construed as financial advice. Always perform your own research and trade responsibly.
Short-Term Short Opportunity at 2710 Resistance ZoneAfter reaching around 2710, gold tested the support at 2686 as expected and then rebounded above 2700, in line with our forecast. The long positions in the short-term swing trade have been closed, and we are now seeking new opportunities to sell. From a technical perspective, there is still strong selling pressure around 2710, which acts as a key resistance zone.
Technical Analysis: At the 2710 level, gold is facing noticeable selling pressure. Previously, this area acted as a support level, but now it has turned into resistance. If the price encounters resistance here and starts to decline, it could test the support zone below once again.
Considering the current market sentiment and technical pattern, the 2710-2722 range presents an ideal opportunity for short entry. We recommend initiating sell orders within this range with a small position size as an initial attempt.
Trade Strategy:
Sell Entry Range: If the selling pressure at 2710 holds and the price fails to break above this level, the 2715-2722 range becomes a potential short-entry area. The resistance in this region could drive the price lower.
Stop-Loss: To protect against the risk of a breakout above this zone, a stop-loss can be set in the 2725-2730 range. This would limit potential losses in case the market continues to rise above the resistance zone.
Take-Profit: The take-profit target can be set around the support area at 2686, or adjusted based on real-time price action. If the price declines to this support zone and shows signs of a rebound, partial or full profit-taking may be considered.
Risk Management: Given the volatility in the gold market, it’s crucial to control position size in every trade and apply proper risk management strategies to avoid significant losses. Each trade should not risk more than 2-3% of the total account balance.
XAU ! Nov 22 ! strong resistance 2710XAU / USD trend forecast November 22, 2024
Escalating Russia-Ukraine tensions continue to fuel safe-haven demand, propelling Gold prices higher for the fifth consecutive day on Friday, even amid a strong US Dollar. In response to Ukraine's deployment of US- and UK-supplied missiles in strikes on Russian territory, Russian forces launched a new intermediate-range ballistic missile targeting Ukraine.
Recovery continues, strong resistance 2710 will wait for gold price to reach
/// SELL XAU : zone 2708-2710
SL: 2716
TP: 50 - 150 - 300pips (2680)
Safe and profitable trading
Bullish Momentum Continues, Strategic Entry OpportunitiesMarket Overview and Weekly Recap
On the final trading day of the week, gold remains in a bullish trend, with minor pullbacks offering opportunities to re-enter the market. This aligns with the bullish strategy I have advocated since Monday. Traders following this approach have likely enjoyed significant gains this week.
Trading Strategy for Today
Key Approach: Buy the Dip
Entry Levels: Accumulate long positions below 2700;
Target: Look for resistance around 2720;
Stop-Loss: Place stops below 2690, adjusted to personal risk tolerance.
VIP Performance and Support
Most VIP members have achieved notable profits this week by adhering to the strategy, though some may have faced losses or trapped positions due to deviations from the plan. If you need assistance resolving such issues, feel free to reach out.
To help more traders experience the benefits of precise trading strategies, I am offering a free VIP trial session. Contact me to take advantage of this opportunity!
Reminder
As the week concludes, volatility may increase. Manage your positions wisely, avoid chasing highs, and focus on disciplined, value-driven trading. Seize every opportunity with a steady and strategic approach!
Gold follows an Uptrend! 2706SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) hold onto solid intraday gains during the early European session, trading near a two-week high just below $2,700. Escalating geopolitical tensions from the Russia-Ukraine conflict continue to drive demand for the safe-haven metal, marking its fifth consecutive day of gains. Additionally, expectations that US President-elect Donald Trump's expansionary policies may spark inflation further support gold, often seen as a hedge against rising prices.
⭐️Personal comments NOVA:
The buying pressure of the bulls is still very high, the gold price may continue to trend up to the 2706 area
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2682 - $2680 SL $2675
TP1: $2690
TP2: $2700
TP3: $2706
⭐️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 Analysis==>>Contracting Triangle!!!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,688-$2,666) .
According to the Elliott wave theory , Gold has successfully completed microwave 4 with the help of a Contracting Triangle and is currently completing main wave 5 .
I expect Gold to go up at least as far as the Potential Reversal Zone(PRZ) [$2,679-$2,675 ] and the upper line of Bollinger Band and then correct .
Note: In previous posts, I told you that the Bollinger Bands indicator works well for gold in the 1-hour time frame.
🔔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.
GOLD:Long target 2710
This week gold rebounded for 5 consecutive days, and is currently pulling up, this week's rise has risen back to all the previous decline, short and long rapid conversion, if there is no big surprise today, the weekly line will close super big sun line, and next week has the power to rise, the weekly line is also formed a big V, today's thinking continue to be bullish. The target 2685 mentioned in the previous article is also easy to break through, and the bulls did not have any weakening signal, such a market is not directly chasing the car, it is difficult to find its top in what position, follow the trend is the safest, this wave of gold rise and the escalation of the situation in Russia and Ukraine have a direct relationship.
More aggressive friends can be directly long near 2690, a safe entry point is 2680-85. You can buy multiple orders in batches. Target look near 2710.
Gold and War: The Hidden Signal Behind the RallyIt is well-known that wars have a significant impact on gold prices, and the key factor often lies in the stance of the U S. Before the election, geopolitical tensions and inflation created favorable conditions for gold’s rise.
However, with Trump winning the presidency, gold prices experienced a sharp decline. The primary reason was his campaign statements about actively mediating the Russia-Ukraine war if elected. As a result, the market anticipated an end to the war, triggering a rapid sell-off in gold. Although gold prices have recently started to recover, this seems more like a technical correction to the previous drop.
Yesterday, an intercontinental missile was deployed in the war for the first time. On the surface, this appears to signal an escalation in the conflict, but I believe it may actually hint at the war nearing its end. This “last frenzy” could be both sides vying for the strongest position at the negotiating table.
In this context, how long can the current gold rally last? How high might it go? These are difficult questions to answer. However, one thing is clear: when peace talks are finalized, gold could retreat to the 2480-2350 range.
Gold Market Review: 22-NOV-2024Improve your trading strategy with our Gold zones. Understand market dynamics and make informed decisions.
GOLD:Retracting the long trading strategy
Gold rebounded to around 2660 as scheduled, the bulls have come to strong pressure, but it has no meaning to fall, we can not know the end of this wave of long rebound, the operation to follow the trend, the shape of the weekly bearish trend will be changed, yesterday's bottom pulled up again, the daily line step by step, three consecutive trading days closed in the sun, Such a market must see clearly the general direction, otherwise it is difficult to grasp the rhythm, when you can not see clearly on the sidelines waiting, today's thinking waiting for its retrace opportunity to do long.
Daily line these two days to form two strong support, one is yesterday's low 2618 near, this position is not broken, short-term are strong, if broken, the form may form a new bear.
Another support is around 2642, yesterday's rebound high, is also a new form of support, today back to step on this position first layout more single. Target 2660, after breaking 2680-85.
