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Xauusdsignal

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.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold- In search for a bottomTrading OANDA:XAUUSD has been nothing short of a roller coaster since early October. Initially, it seemed like the rally might never end, but now the drop is unfolding in a similar manner. Although I anticipated a strong decline, I’ll admit that I didn’t expect it to be quite this steep. Gold has now fallen 2,000 pips from its all-time high, and to me, it’s clear that the 2,800 level is likely to hold for a while. However, the outlook for the downside remains uncertain. The price has broken below several key support zones and even briefly tested levels below the 2,600 mark. On a positive note for the bulls, each dip below 2,600 has been met with a quick reversal, which may suggest a false breakout. Whether this holds true is still unclear and requires confirmation—a move back above 2,620 would be a positive signal, potentially setting 2,660 as the next target. On the downside, there is significant support at 2,525, although recent rebounds from 2,600 make it unlikely this level will be tested in the coming days (though with this level of volatility, anything is possible). In summary, I am currently out of the market but will be watching closely for clear signs of a bottom to confirm a new buying opportunity.
OANDA:XAUUSD
by Mihai_Iacob
9
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
OANDA:XAUUSDLong
by Nova-Scalper
1
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.
OANDA:XAUUSDLong
by Mia-Signal
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.
OANDA:XAUUSDShort
by Falcon-Training-Camp
11/12 ! XAU ! Bears determined to continue to lower pricesXAU / USD trend forecast November 12, 2024 Gold dropped over 2.5% on Monday as the US Dollar surged to a four-month high. Speculation that a second Trump term might reignite trade tensions is supporting the USD's strength. XAU/USD is now trading at $2,611 after hitting a daily high of $2,686. This decline follows gold's worst weekly performance in more than five months after the election, with the US Dollar Index (DXY) up 0.6% to 105.57. Gold prices continued to decline on Monday - returning to the 2610 zone. The 2606 support zone could help gold recover and stay above 2600 in the short term. /// SELL XAU : zone 2654-2657 SL: 2662 TP: 50 - 150 - 300 pips (2627) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
bearish cycle - bears dominate !! XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) extended its losses on Monday, dropping over 2% to hit its lowest level since October 10 after its steepest weekly decline in five months. Strong US Dollar (USD) demand, driven by expectations of cautious Federal Reserve (Fed) policies and optimism over President-elect Donald Trump’s growth-focused agenda, pushed US Treasury yields higher and weighed on the non-yielding gold. However, the decline paused near $2,600 amid concerns that Trump’s protectionist policies could harm the global economy, spurring some safe-haven demand. Any significant rebound remains limited due to the USD's strong bullish momentum. Investors are likely waiting for this week’s US inflation data and key speeches from Federal Reserve officials, including Chair Jerome Powell, before making further moves. ⭐️Personal comments NOVA: Gold price moves in wave 3 according to Elliot, decreasing in price by the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2656 - $2658 SL $2663 TP1: $2648 TP2: $2635 TP3: $2620 🔥BUY GOLD zone: $2604 - $2602 SL $2599 scalping TP1: $2610 TP2: $2620 TP3: $2630 🔥BUY GOLD zone: $2575 - $2577 SL $2570 TP1: $2585 TP2: $2593 TP3: $2600 ⭐️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
4
XAUUSD (Gold) - Major Breakdown Expected, Targeting 2600Gold (XAU/USD) is currently showing signs of exhaustion after a prolonged bullish rally that has taken the price above $2,700. Based on technical indicators and key levels, we are approaching a critical juncture where a major breakdown could be imminent. Key Levels and Targets: Bounce back test: $2,474 This level represents a possible short-term rebound zone before the downtrend resumes. It aligns with previous minor support, acting as a key resistance for now. Critical Break-Down Level: $2,720 The price has been hovering around $2,720, which is a crucial support level. A daily or weekly close below this level would likely confirm a stronger downward move. Ultimate Target: $2,600 Once the break of $2,720 is confirmed, the next major target stands at $2,600. This level represents a deeper retracement in line with the completion of a larger cycle of profit-taking in the broader market. Technical Indicators: RSI Divergence: The Relative Strength Index (RSI) shows bearish divergence, signaling a potential reversal from overbought conditions. Bearish Flag Pattern: There is a bearish flag forming, which typically precedes a strong breakdown. The current price action fits within this pattern, further supporting a potential downside move. Scenario Planning: Bearish Scenario: A confirmed break below $2,720 is expected to trigger a quick move down to $2,600. At this point, it would confirm a reversal in the current rally, potentially signaling the end of the ongoing bull trend. Bullish Scenario (Less Likely): If prices manage to hold above $2,720 and break above the resistance at $2,748, the bull trend could resume, possibly testing the previous highs.
OANDA:XAUUSDShort
by profitoptionnew
2
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
OANDA:XAUUSDShort
by FxPocket
2
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
OANDA:XAUUSDLong
by GoldMasterTrades
1
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.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD Strategic Buy at Support ZoneI am taking this buy entry based on several technical factors. Firstly, the RSI is at 24.22, indicating a significant oversold condition. This suggests that the price might be ready for an upward correction, as oversold levels often precede a rebound. Additionally, the price is near an important support area around $2,611, a level that has shown previous market reactions. Although the recent trend has been bearish, I believe this entry has the potential to capitalize on a short-term pullback. I have set the entry price at $2,611.07, with a stop loss at $2,570.38 to limit potential losses if the price continues to decline. My take profit is positioned at $2,644.33, aiming for a reasonable target that captures a potential rebound. My plan is to maintain strict risk management and closely monitor price action at this level to confirm if the buy decision is validated by a favorable reaction.
PYTH:XAUUSDLong
by FXOnTop
XAUUSD: Eyeing a Short Position Above 2650With market volatility now reduced after today’s decline, a short-term rebound is likely tomorrow. If gold prices reach above 2650, it could offer an optimal shorting opportunity with a target range between 2580 -2560. While it may take some time to hit this target, there’s also the possibility of a quick move down to these levels. I view this as a solid setup for a long-term trading plan, with opportunities to add smaller swing trades in between. For those interested in participating, feel free to contact me for detailed trading insights and information.
OANDA:XAUUSDShort
by Mia-Signal