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Xauusdshort

Gold sideway below 2700 - in DOWN trendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%. ⭐️Personal comments NOVA: sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2700 - $2702 SL $2705 TP1: $2694 TP2: $2688 TP3: $2680 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
3
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones. Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance. Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio. Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
TVC:GOLDShort
by me22_
XAU! 11/8! Create liquidity for the downtrendXAU / USD trend forecast November 8, 2024 Gold prices rose above $2,700 after the Federal Reserve cut interest rates and noted that US election impacts are unlikely to be immediate. Currently, XAU/USD is trading at $2,704, up over 1.7%. Wall Street gained further as the Fed unanimously lowered the federal funds rate by 0.25%. In its statement, the Fed pointed to solid economic growth, though labor market conditions have weakened slightly. Officials also observed that inflation is closer to the Fed’s 2% target but remains somewhat elevated. Long term framework - gold price is still in a downtrend. Market recovered thanks to FED continuing to cut 0.25% as expected. Short term recovery /// SELL XAU : zone 2719-2722 SL: 2727 TP: 50 - 150 - 300 pips (2692) /// BUY XAU : zone 2667-2664 SL: 2659 TP: 50 - 150 - 300 pips (2694) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance: Click chart above to see the detailed analysis👆🏻 After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
22
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.
OANDA:XAUUSDShort
by Mia-Signal
1
FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold. Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues. ⭐️Personal comments NOVA: As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2727 - $2729 SL $2734 TP1: $2720 TP2: $2710 TP3: $2700 🔥BUY GOLD zone: $2668 - $2670 SL $2663 TP1: $2675 TP2: $2688 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Gold is in the bullish direction after correcting the supportHello 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
OANDA:XAUUSDLong
by ForexMasters2000
Gold (xauusd): Potential Pullback After Downtrend Breakhello guys! let's analyze GOLD! Downtrend Break: The sharp decline suggests a bearish sentiment as gold fails to hold previous support levels around $2,693. Retest Zone: There is a potential retest zone around $2,678 - $2,693. If the price retraces to this area and faces resistance, it could signal a continuation of the downtrend. Next Support Target: If the bearish momentum continues, the price may reach a major support area around $2,610 - $2,630 (highlighted in grey), which aligns with a longer-term trendline support. Continuation Scenarios: Scenario 1: Price could retrace to the $2,678 - $2,693 area, face resistance, and continue downward toward the support zone. Scenario 2: If the price breaks above $2,693, the bearish bias may temporarily weaken and move towards higher resistance levels.
OANDA:XAUUSDShort
by melikatrader94
11
XAUUSD: Continue to Monitor Resistance at 2712-2720During the Asian and European sessions today, gold pulled back as it approached key resistance levels, and is currently near a support zone. Based on the current price structure, the support appears relatively strong, suggesting a potential for a rebound in the short term. If the support remains intact over the next hour, the price could rise again, with focus shifting to the resistance zone around 2712-2720. However, if the support is broken, there is a possibility that the price may test the previous lows again. In this case, the formation of a "W" reversal pattern should be monitored, as it could signal a significant rebound opportunity.
OANDA:XAUUSDLong
by Mia-Signal
Scalping ! XAU ! Trendline Recovery 2678SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Federal Reserve’s policy decision on Thursday is in focus, with markets widely anticipating a 25 basis point rate cut, which could support gold by lowering the opportunity cost of holding non-yielding assets. According to the CME FedWatch Tool, there is a 98.1% chance of this quarter-point cut in November. ⭐️Personal comments NOVA: Trendline + DOW , Gold price recovered briefly - for the upcoming decline to 2606 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2668 - $2670 SL $2673 TP1: $2665 TP2: $2662 TP3: $2658 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
2
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.
OANDA:XAUUSDShort
by Mia-Signal
Gold looks bearish and give a retracement to 2600**Overview:** TVC:GOLD has been on a significant bull run for a prolonged period due to various fundamental factors driving its upward momentum. However, it has recently broken its bullish structure and is now trading below the previous support level of 2710. This level, which once served as support, is currently acting as resistance, marking a potential shift in trend from bullish to bearish. Gold is also forming a inverse Head and Shoulders pattern which can give a good target if played well. **Trade Plan:** Since gold is now trading below the critical resistance level of 2710, a short position could be considered. Place a stop loss just above the 2710 resistance to manage risk effectively. If this resistance holds and the price fails to reclaim it, it supports the case for a bearish move. Opening a short position in this setup can provide an advantageous risk-to-reward ratio, aligning well with short-term market direction. **Targets:** 1st TP: 2670 2nd TP: 2630 3rd TP: 2600 If you found this analysis helpful, please hit the boost and follow for more updates. **Note:** This analysis is purely my personal opinion and is intended for educational purposes only. It does not constitute financial advice. Always perform your own analysis or consult a certified financial advisor before making any trading or investment decisions. I am not responsible for any financial loss that may result from following this information.
CAPITALCOM:GOLDShort
by MrSharelock
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.
OANDA:XAUUSD
by Falcon-Training-Camp
XAU/USD ! 11/8 ! downtrend line / scalping XAU / USD trend forecast November 8, 2024! SCALPING Gold price (XAU/USD) stays below $2,700 as the European session approaches on Friday, weighed down by a slightly stronger US Dollar (USD) amid optimism that Trump’s policies may boost economic growth and inflation. Additionally, a generally positive risk sentiment is reducing demand for the safe-haven metal, pausing its recent recovery from the 50-day Simple Moving Average (SMA) support, after hitting a three-week low on Thursday. Still following the downtrend - waiting for trendline and retest 2689, scalping down today /// SELL XAU : zone 2689-2692 scalping SL: 2695 TP: 40 - 80 - 150 pips (2677) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
Sideway rhythm - recovers and continues to decrease⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) continues to decline for a second straight session on Thursday, pressured by a stronger US Dollar following Donald Trump’s election victory. The reduced demand for safe-haven assets like gold reflects market optimism and a shift towards “Trump trades,” spurred by the clarity of the election outcome, which contrasts with earlier fears of a contested result. ⭐️Personal comments NOVA: Yesterday's strong sell-off - proving the downward trend in gold prices by the end of 2024. Sideway rhythm - accumulates and continues to decrease to lower levels: 2606 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2678 - $2680 SL $2685 TP1: $2670 TP2: $2660 TP3: $2650 🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping TP1: $2650 TP2: $2658 TP3: $2670 🔥BUY GOLD zone: $2606 - $2604 SL $2599 TP1: $2620 TP2: $2635 TP3: $2650 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
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.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold price drops - stabilizes by the end of 2024XAU / USD trend forecast November 7, 2024 Gold dropped to a three-week low below $2,700 per ounce on Wednesday following the 2024 US Presidential election, with former President Donald Trump’s win strengthening the US Dollar and Treasury yields. XAU/USD saw a decline of over 2.5%, trading around $2,667 at the latest. Market uncertainty has eased, as Trump’s victory was more decisive than anticipated. Additionally, the Republican party secured majorities in both the Senate and the House of Representatives, completing a “red sweep.” Gold price dropped sharply to 2644, strong downtrend. Still in the upcoming downtrend, ending the price increase cycle of previous months. /// SELL XAU : zone 2682-2685 SL: 2690 TP: 50 - 150 - 300 pips (2655) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
4
Gold analysis and trading signalsAt the 4-hour level of gold, as shown in the figure, this cycle is currently in a downward trend. According to the five waves of decline, 2790-2724 is the first wave of decline, 2724 to 2749 is the second wave of correction, and 2749 to 2643 is the third wave of decline. This 2643 is calculated based on 1.618 times, which is exactly stuck at this position, and from the perspective of segmentation, it is also the 786 segmentation support; therefore, assuming that 2643 is established, then the next is the fourth wave of correction, and the amplitude is calculated as 50%, which is 2696, which is also the resistance point with a probability of testing tonight; if there is pressure, the last wave of decline will be carried out; and it just so happens that the second half of the night is the time to announce the interest rate. According to the cyclical deduction of the first interest rate cut trend, the gold price will first rise and then fall, and finally stabilize and rise again. According to the wave shape, the low point of the fifth wave is about 2605, which is exactly the previous low point of 2602 or a good double bottom stabilization. Of course, the amplitude of the last wave is often irregular, and it may be not far from the low point of the third wave. Gold hourly level: In the morning, it continued to fall directly to 2643. It is easy to enter into shock after a big drop. The trend continuity in the morning is relatively poor, so it is easy to bottom out and pull up if it falls first. The key to the support of 2643 is also calculated in advance. After the stabilization signal appears, it will follow the bullish rebound. At present, it has broken through the middle track. However, after a day of operation, the high point of 2678 in the early morning has not been broken. The overall rebound strength is not large. Therefore, it may need to bottom out tonight and wait for the news stimulus guidance in the second half of the night; Gold operation strategy: It is recommended to go short at 2700-2710, with a target of 2680-2670
OANDA:XAUUSD
by btxebtxe
Gold: A Sudden Pivot and Decline… All Eyes on Powell and the FedGold’s Outlook Amidst Global Shifts: Anticipating the Federal Reserve’s Decision and Trump’s Return to Power Gold (XAUUSD) currently exhibits a technical reversal setup, hinting at a potential downward trend in the medium to long term. The fundamental landscape is shifting to favor the U.S. dollar, subtly steering capital away from gold. This pivot is influencing price targets and investor sentiment, aligning more with an appreciation of the dollar than a rally in precious metals. In a surprising twist in U.S. politics, Donald Trump has regained the presidency. What does this political shift mean for gold and other key markets? Historically, Trump’s policies have leaned toward deregulation and fiscal expansion, potentially fueling inflation. With an administration focused on rapid economic growth and bold policies, there’s a plausible scenario for rising inflation, increased demand for the dollar, a robust stock market, and strengthening U.S. bond yields. Yet, gold and currency markets might not see immediate benefits from this environment. Trump’s known stance toward China and Europe, marked by economic confrontation and protectionist measures, could eventually provide a supportive backdrop for gold, although this may not manifest immediately. Investors may perceive gold as a safe haven in the face of prolonged U.S.-China tensions, but significant gains may only materialize over time—perhaps not until late next year or beyond. So, what are the forward-looking targets for gold? Analysts are keeping an eye on potential pullbacks to levels like 2400, 2300, or even 2200. Should the selling pressure increase, a test of the 2000 mark isn’t out of the question. These medium to long-term projections underscore a cautious outlook, hinging heavily on both domestic policy under the new administration and ongoing global economic challenges. At present, however, the immediate focus lies with the Federal Reserve. This Thursday’s rate decision is critical: Will the Fed cut by another 0.25% to continue economic support, or opt for stability and keep rates steady? Yet, the spotlight is less on the rate decision itself and more on Fed Chair Jerome Powell’s commentary. Any signals that the Fed may ease up on its current rate cut cycle could impact markets dramatically, especially those tied closely to interest rates like gold. Hints of a potential slowdown in easing could push investors away from the yellow metal as confidence in the dollar strengthens. From a technical perspective, gold appears to be re-entering a price range, with attention drawn to significant internal levels, including the 0.5 Fibonacci retracement line—a crucial marker. Should gold breach this level, a resumption of the downtrend may be imminent. If sellers reclaim control below this level, a deeper pullback may follow. Key Levels to Watch: Resistance: 2670, 2685, 2696 Support: 2652 (trigger point), 2637, 2624 As a correction pattern emerges in the wake of recent declines, traders are monitoring for a potential false breakout. If gold experiences a brief push above these resistance points but subsequently consolidates below them, it could signal a continuation of the bearish trend. In summary, gold's trajectory will be shaped by a unique combination of technical pressures and fundamental shifts. Trump’s return and its implications for inflation and foreign policy, combined with the Fed’s upcoming rate guidance, form a complex backdrop. Investors should brace for heightened volatility, as the evolving policy landscape and economic indicators will likely be pivotal in determining gold's next moves.
OANDA:XAUUSDShort
by lonelyPlayer0
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.
OANDA:XAUUSDLong
by Mia-Signal