#xauusd #elliottwave short sell setup wave 3 12Dec24This 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.
Xauusdshort
Gold profit target this week is 300%I posted the same gold analysis a few hours ago. It has hit our sell zone and is falling. Waiting to reach the TP position. I will share trading strategies for the market every day. You can click on my link
Gold Rally Continues as CPI Data Set to Drive the Next MoveCurrently, the gold market is supported by escalating geopolitical tensions and the strong market expectation of an interest rate cut by the Federal Reserve next week. Gold prices have now approached the $2700 level. From a technical perspective, gold has broken above the 50-day moving average, with the Relative Strength Index (RSI) showing a bullish signal, indicating strong upward momentum. The U.S. Consumer Price Index (CPI) for November will be released in two hours, and this report could significantly influence the Federal Reserve's interest rate decisions at their meeting on December 17-18.
If the U.S. CPI data comes in weaker than expected, it may strengthen the market's expectation of Fed rate cuts in the coming months, which would push gold prices higher towards the November 25 high of $2721. Therefore, gold's short-term direction will largely depend on today's CPI data, and I believe the data will be supportive for gold prices.
Today's Strategy:
Long Position on Pullback: Consider going long if gold retraces to the 2690-2695 region, leveraging the current technical setup and market sentiment.
Wait for CPI Data: It is advisable to await the release of CPI data and adjust positions based on market reaction.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management and without over-leveraging.
Sorry, I'm already short goldBros, the expected CPI disappointed me. And the original plan to buy gold at 2580 was stranded because gold did not fall back effectively, so I had to give up the original plan to buy gold.
Gold moved very strongly today, with both bulls and bears fiercely competing around 2700. But for now, after gold continued its rebound to the 2700-2705 area, it did not usher in explosive emotional buying, and the price of gold did not rise sharply. Instead, it has been fluctuating in the 2700-2705 area. In the fierce game between long and short sides, the short force is not completely without opportunities, so since there is no opportunity to participate in the long gold, we might as well prepare in advance to see the decline and retracement of gold.
In addition, from the perspective of candlestick charts, even if gold continues to rise, it needs to build a W-shaped structure in the structure to support the continued rise of gold. Therefore, in the short term, gold still needs to fall back!
Bros, I have already shorted gold in the 2700-2705 area. Do you think gold will pull back? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Comprehensive analysis and trading strategies for goldCombined with the hourly chart trend, it can be seen that the gold trend was repeatedly pulled and fluctuated during the Asian session on Monday and Tuesday, indicating that the sentiment in the Asian session was very cautious. However, once it came to the European and American sessions, the market speculated on risk aversion in a disorderly manner, resulting in the market continuing to rise abnormally. The unconventional technical trend requires that this trend rhythm is very difficult to judge, because the risk aversion sentiment is indeed impossible to track and quantify. Today, gold opened higher again. It is obvious that the sentiment in the Asian session is no longer cautious and has become emotional, which will increase the uncertainty risk in the short term. The risk of fundamental changes during the European and American sessions today has increased. In addition, the US CPI number will be released tonight, and the short-term rising channel of gold on the hourly chart has also reached the end. Therefore, it is necessary to guard against the risks brought by the shift in the market focus today.
In terms of operations, given that the market is disorderly taking advantage of the geopolitical situation to speculate on risk aversion, market sentiment is very irrational, and with the release of the US CPI data tonight, we must also prevent the market focus from shifting from risk aversion to the impact of the Federal Reserve's interest rate policy. Therefore, gold still retains the risk of falling under pressure at any time during the day, but under the influence of emotions, it is difficult to judge how much it can rise. On the upside, we can pay attention to the pressure near 2710-2720, and on the downside, we can pay attention to the support retracement of 2690-2685 and 2677-2675.
Gold falls back and continues to go longThe bulls are still strong now. However, the decline has not continued and now it has rebounded to around 2700. From the current trend, the bulls are still strong, MA5-MA10 moving average maintains a golden cross upward, and the upper track of the Bollinger band shows signs of opening. The key now is whether the 2700 mark can be broken through and stabilized. If it stabilizes, it will test the previous huge Yin high point of 2720; otherwise, it will fall again under pressure at the 2700 mark.
The 1-hour moving average of gold continues to form a golden cross and diverge in an upward bullish arrangement. The decline of gold is an opportunity to go long. Gold fell to the lowest point of 2675 today and then bottomed out and rebounded. Gold fell back to 2675 in the afternoon and continued to go long on dips. Gold can continue to go long if it falls back to around 2680.
XAUUSD / Bearish Volatility Amid CPI ExpectationsGold Technical Analysis
The price reached our target perfectly in the previous idea.
Today the market will be volatile due to the CPI results, and we expect bearish momentum depending on the expectation is excced the previous result, so that will make a bearish volatility on the GOLD market.
As long as trades below 2706 will be bearish to get 2678, to get a more bearish area should close 4h or 1h candle below 2678 to touch 2665 and 2653
On the other hand, to be bullish should CPI release less than 2.7% to get 2719 and 2732
Key Levels:
Pivot Point: 2705
Resistance Levels: 2719, 2732, 2739
Support Levels: 2678, 2665, 2653
Trend Outlook: Bearish Volatile
The only chance to short gold!As I said in my last article, I planned to buy gold with the 2670-2660 area as support, but gold did not fall back to 2670, not even to 2671, so unfortunately gold did not reach our buying area.
Currently, gold has risen to around 2690. Obviously, it is not a good idea to chase gold near this position, and it faces resistance in the 2695-2700 area. I think even if gold breaks through the 2695-2700 resistance area, it will retreat because it needs to accumulate upward momentum. So anyway, I will try to short gold here once.
Am I the only one who takes the risk of shorting gold in the entire network? Will you try to short gold in this position area? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD update 🥇 Gold has increased and broken the resistance zone which has now turned into support at around 2683. Currently, gold in the Asian session may head towards the psychological resistance zone of the round number 2700.
➡️We can expect a downward correction with gold after approaching the 2700 zone. However, if gold falls to retest the 268x zone, we can wait to buy gold.
#xauusd #elliottwave short sell setup wave c 4 11Dec24This 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.
GBPUSDGBP/USD showing bullish momentum, indicating a strong opportunity for an upward move. Watch for key resistance levels to confirm the trend...
XAUUSD Daily AnalysisAs we have a daily bearish order block, I think this area has it's potential to set a sell order.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
XAUUSD Gold gathers bullish momentum and trades above $2,650 on Monday. News of China planning to inject further stimulus into the economy boosts XAU/USD as investors gear up for this week's key data releases and central bank meetingsFrom a technical perspective, any further strength above the $2,648-2,650 supply zone is likely to confront some resistance near the $2,666 region. Some follow-through buying beyond the $2,672 hurdle will be seen as a key trigger for bulls and allow the Gold price to aim to reclaim the $2,700 round figure. The momentum could extend further towards the next relevant hurdle near the $2,722 area.
On the flip side, weakness below the $2,630 immediate support could drag the Gold price back towards the $2,614-2,613 area. This is followed by the $2,605-2,600 support zone and the 100-day Simple Moving Average (SMA), around the $2,586-2,585 region. A convincing break below the latter should pave the way for deeper losses and expose the November swing low, around the $2,537-2,536 area.
Gold Breaks Key Resistance Bullish Momentum Expected to ContinueSpot gold continues to extend yesterday’s bullish momentum, driven by a combination of factors, including growing concerns over global geopolitical tensions, an increased demand for safe-haven assets, and market expectations of potential rate cuts from the Federal Reserve. These fundamental factors have provided strong support for gold prices.
From a technical perspective, spot gold has successfully broken above and closed above the key resistance level of $2660. This breakout has provided fresh momentum for bulls, and indicators on the daily chart, such as the RSI and MACD, show positive upward momentum, suggesting gold could continue to test the $2700 mark in the near term.
Today’s Strategy:
Long Position on Pullback: Consider entering long positions if gold retraces to the 2665-2670 region, capitalizing on the current bullish momentum. If prices break and hold above $2700, further upward movement is likely.
Risk Management: Given the high volatility in the gold market, it is essential to implement strict stop-loss orders to protect against sharp price fluctuations due to unforeseen events.
Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management in place and avoid over-leveraging.
Targeting 2687 After Solid GainsToday, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure is too strong, once the price hits 2680, it's a good point to close the position.
XAUUSD shortGold in the short term and on the 1-hour timeframe as a risky move (since it goes against the main trend).
Gold Market Analysis 12/09During the U.S. trading session today, gold surged again but faced strong selling pressure in the 2673-2678 range, causing the price to drop. It is now at the first support level, and we expect a short-term bottom to form in the 2658-2648 range. This support zone presents a buying opportunity, with a rebound target near 2666-2673.
Scalping XAU / USD ! Resistance 2655SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Political unrest in South Korea, geopolitical tensions, and trade war concerns lend support to the safe-haven Gold price. However, modest strength in the US Dollar (USD), fueled by expectations that the Federal Reserve (Fed) may take a less dovish approach due to speculation that President-elect Donald Trump's policies could drive inflation higher, limits further gains for XAU/USD. Additionally, traders appear cautious, likely holding off on significant moves ahead of this week’s upcoming US consumer inflation data release.
⭐️Personal comments NOVA:
Maintaining the sideway price range - scalping the 2655 resistance zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2655 - $2657 SL $2660 scalping
TP1: $2650
TP2: $2645
TP3: $2640
⭐️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
M15 SHORT XAUUSD TODAY - ULTRA KEY LEVEL As you can see from the analysis above, in order for XAUUSD to continue on a downtrend, it needs to test the sell level in the picture above and activate the TRUE SELLER in the market.
Risk to reward is a minimum of 1:4 , enjoy.
#xauusd #elliottwave short sell setup wave c of 2 10Dec24This 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.
I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations.
So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price.
On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back.
Bros, have you also shorted gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD next level big fallXAUUSD expected one big fall..It's going compulsory 1st tp. So trailing once reached TP1.
It's educational purpose only.
XAU Monday! continue sideway below 2655⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) finds some support at the start of the week, building on Friday’s rebound from the $2,614-2,613 zone, though it remains range-bound over the past two weeks. Friday's US Nonfarm Payrolls (NFP) report reinforced expectations of a Federal Reserve (Fed) rate cut in December, keeping US Treasury yields subdued and providing a boost to the non-yielding gold.
Additionally, a cautious market mood driven by political unrest in South Korea, geopolitical tensions, and trade war concerns further supports the safe-haven metal. However, growing speculation that the Fed might slow or pause its rate cuts in January helps the US Dollar (USD) extend its modest recovery from a near one-month low, which could limit significant upside for XAU/USD.
⭐️Personal comments NOVA:
The sideway price range in early December can last for a long time, buyers and sellers compete in the price range of 2600-2700.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2655 - $2657 SL $2662
TP1: $2645
TP2: $2638
TP3: $2622
🔥BUY GOLD zone: $2614 - $2612 SL $2607
TP1: $2625
TP2: $2638
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
