Short gold again after rebounding to 2750-2760 zoneGold has currently retraced to the 2741 level, triggering significant profit realization for our positions. Since gold rallied above 2770 last week, I have consistently maintained a bearish stance, anticipating profit-taking and sell-offs driven by market sentiment. Our short positions have once again delivered substantial returns.
This morning, we initiated long positions near the 2756 level and closed them at 2770, securing an easy profit of 140 pips. As gold approached 2770, I explicitly shared in my previous analysis that if gold failed to decisively break through the 2770-2775 range, I would switch to shorting. Thus, after closing the long positions, I reversed my position and shorted gold near 2770. Gold has since declined as expected to around 2741. Although we closed our short positions near 2753, capturing a profit of 170 pips, I am still satisfied with this result. It's been a strong start to the week's trading!
Currently, gold has bottomed out around 2740. I do not recommend chasing shorts at this level, as the 2740-2730 zone provides notable technical support, which could potentially drive a rebound to the 2750-2760 range. For those looking to short gold further, it’s advisable to wait for a rebound to the 2750-2760 region before executing short trades. Alternatively, a moderate long position could be considered, with a short-term target set between 2750 and 2760.
Bros, have you followed me to do short 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!
Xauusdtradeidea
Continue to short goldDear traders, yesterday we adhered to our strategy of shorting gold near the 2760 level, and gold has now retraced as expected to the 2740 level. We closed our short positions around 2741. Although we didn’t catch the absolute bottom, I’m pleased that we secured the majority of the profits. While the majority of the market was chasing long positions, we strategically opted to short gold. This not only yielded significant profits but also protected our capital from being trapped at higher levels during the retracement. A well-executed and commendable trading strategy!
Currently, after testing the 2740 level, gold has rebounded, but the strength of the rebound appears to be considerably weaker. I believe that market sentiment toward gold is shifting, with traders becoming less blindly confident in long positions. If gold’s upward momentum continues to weaken, it could trigger profit-taking among long positions, leading to increased selling pressure.
For short-term trading, I will maintain my preference for shorting gold in the 2750–2760 range.Bros, have you followed me to short 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!
Stick to shorting goldAs mentioned in my previous analysis, although gold remains in a clear uptrend, the signs of a short squeeze are increasingly evident. Therefore, in short-term trading, we should refrain from chasing long positions at this stage. If gold fails to decisively break through the 2760–2765 resistance zone, a significant corrective move could occur at any time, which is why my current focus remains on shorting gold.
From the current price structure, we can observe a pattern where gold rallies by $60–65 following each confirmed bullish signal, only to retrace by $40 thereafter. Since the last confirmed bullish signal, gold has already advanced $62, indicating a high probability of a $40 correction based on this historical pattern. This means gold could retrace to test the 2740–2730 support range or even approach the 2720 level during this phase of consolidation.
This is precisely why I prefer shorting gold in the current scenario. As my trading plan, I initiated a short position near the 2760 level and continue to hold it. Let’s aim to capitalize on this opportunity and secure profits from the downside ahead of most market participants. Here's to a promising outcome!
Bros, have you followed me to short 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!
Gold is expected to rise to the 2670-2680 after consolidatiGold has been consolidating intraday, fluctuating primarily within the 2645-2655 range. From the structural perspective, it is evident that although gold has repeatedly faced resistance near 2655 in the short term, there is no significant downside retracement, resembling the previous staircase-like upward movement. This suggests that gold could utilize the consolidation phase to build upward momentum, paving the way for a breakout rally toward the 2670-2680 zone.
Therefore, in the short term, I remain bullish on gold. Key support levels to watch are concentrated in the 2645-2635 range.Bros, are you optimistic about the continued rise of 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!
First short gold, then go long gold!Currently, gold has risen sharply and broken through the short-term high of 2638. There is no good position to continue chasing the rise of gold. The highest gold has reached near 2646. I do not intend to continue chasing the rise of gold near this position. On the contrary, I have continued to short gold near 2646. When gold falls back to the 2640-2630 area, I will consider going long on gold!
Bros, do you think gold will retrace? 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!
Continue to buy goldAs I mentioned in my last article, gold will continue to rise. We went long on gold near 2662 in the last transaction and closed the transaction by hitting TP: 2676 for profit, easily earning 140 Pips, a very successful transaction!
At present, gold has risen to a maximum of around 2679, breaking yesterday's high in one fell swoop. The hourly level M top suppression has been ineffective, and the rising pattern remains intact. At present, gold still has the momentum and space to continue rising, so gold may still rise or even try to touch around 2690. , then we can just follow the trend and go long gold in trading.
Of course, we can't chase gold directly, but because gold has a small retracement space during the rise, we can't expect too much retracement before going long on gold, and the short-term support area has moved up to the 2670-2660 area, so we can go long on gold based on this support area.
Bros, do you continue to be bullish on gold with me? 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!
XAU/USD 25-29 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks.
Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range.
Price is projected to move downward toward either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high.
Note:
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Weekly Chart:
Daily Analysis:
-> Swing -> Bullish.
-> Internal -> Bullish.
Price Action Analysis:
After printing bearish CHoCH to indicate bearish pullback phase initiation, price traded down to discount of 50% internal EQ.
Given the current internal range dynamics, price is expected to target weak internal high, priced at 2,790.170 However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Price has yet to tap into Daily demand.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Daily Chart:
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
In my analysis dated 22 November 2024, the internal structure was bearish, with an expectation for price to target the weak internal low. However, this scenario did not materialise as price printed a bullish iBOS by the close of 22 November 2024. This could be attributed to escalating geopolitical tensions across multiple fronts.
The CHoCH positioning, marked by a blue dotted line, us currently close but may be repositioned, as there are currently no definitive signs of pullback initiation.
Note:
With the Federal Reserve maintaining a dovish policy stance, ongoing and increasing geopolitical uncertainties, Gold prices are likely to experience continued elevated volatility. Traders should exercise caution and refine their risk management strategies to navigate this high-volatility environment effectively.
H4 Chart:
Short gold, TP:2660-2650Bros, gold has risen sharply under the support of risk aversion, and is currently near 2672. Although gold continues to rise in a cycle, it has not yet effectively broken through the 2675-2680 area. When facing this area, gold is expected to have a round of technical retracement. It is very difficult to chase the rise of gold at present, and there is no good position to participate in long gold, so at least wait until gold falls back to the 2660-2650 area before there is a better position to participate in gold long transactions.
Obviously, before gold breaks through the 2675-2680 area, I will try to short gold first; after gold falls back to the 2660-2650 area in the short term, I will consider going long on gold!
Try to short gold with 2660-2670 area as resistanceGuys, I'm a professional trader! So I don't like to exaggerate my trading ideas too much. I like to record my trading strategies in a simple way and keep steady profits!
Today, when gold tried to fall below 2420, I believe many people are expecting gold to continue to fall and fill the gap below, at least many people expect gold to fall to the 2610-2600 area. When gold failed to effectively fall below 2620 three times, I chose to buy gold and ended our transaction by hitting TP: 2645, which was a very good profit!
At present, gold has touched around 2650. Obviously, I will not continue to buy gold here. Instead, I will look for opportunities to short gold! So where will gold rise? I think there will not be much room for growth in the short term, and it will face resistance in the 2660-2670 area in the short term. So I will try to short gold with resistance in this area.
So trading strategy: short gold at 2655-2665, TP: 2645-2635
XAU/USD 19 March 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
In my analysis dated 12 November 2024, I highlighted the anticipation of a bullish Change of Character (CHoCH) as an indication of a bullish phase initiation. Price has now confirmed this by printing a bullish CHoCH.
Currently, price is trading within an established internal range and remains consistent with the broader pullback requirements of higher timeframes. This internal range forms the basis for today's expectations.
Intraday Expectation:
Price is anticipated to trade up to the premium of the internal 50% equilibrium (EQ), where it is currently positioned. Alternatively, price may trade higher to reach the H4 supply zone before targeting the weak internal low at 2,536.855.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price Action Analysis:
According to rules and a systematic process, price has printed a further bullish iBOS in-line with HTF bullish pullback phase.
Currently CHoCH positioning, which is denoted with a blue dotted line, and internal low are positioned close-by, therefore, price could print new highs to reposition CHoCH.
You will note the internal range has significantly narrowed. The printing of a bearish iBOS could potentially be an early signal that the H4 pullback phase has completed.
Intraday Expectation:
For today's session, we are looking for confirmation of a bearish pullback phase by price printing a bearish CHoCH. Bearish CHoCH positioning is currently marked with a blue dotted line.
Alternative scenario: H4 remains in bullish pullback phase and is currently trading in premium of 50% EQ where we could see a reaction, therefore, it would not surprise me if price printed a bearish iBOS on M15 TF.
Note:
With the Federal Reserve's dovish policy approach and rising geopolitical tensions, heightened volatility in Gold prices is expected to continue. Traders should remain cautious and prepared for potential whipsaws in price action.
M15 Chart:
Boldly short goldDue to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510.
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
XAUUSD Live Analysis- London Open updateHi Traders,
Price has moved as anticipated this morning. In this video, I share a new trade idea which is a follow up from my bullish bias in Asia session. Short is the likely scenario in London.
Please feel free to share your thoughts in the comment below.
Happy Trading x
Gold may still point to 2350, short gold!As of today, the high point of gold is near 2398, and it has not even crossed 2400. It is obvious that gold is still in a bearish trend. If gold cannot recover 2400, it has been confirmed that huang'jin has fallen below the last line of defense of the upward channel. In addition, in the 4-hour candle chart, there is a very obvious head and shoulders top pattern, and the current right shoulder position is near 2400. If gold cannot recover 2400-2405 in time, then gold will fall further. It may even touch the 2355-2350 area again.
Therefore, shorting gold is still the main trading strategy at present.
Are you facing the following difficulties now? You don’t know which point to choose to participate in the transaction. If you participate in advance, you are afraid of being too aggressive. If you participate too late, you are worried about missing the opportunity. If you try all these points, the market will face a very large retracement loss against the trend. If you are currently having trouble choosing,I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together.
Gold is difficult to break through, continue to short goldToday, gold continued to rise in the short term, reaching a high of around 2335. In the short term, it touched the key suppression area I pointed out. With the bottoming out and rebounding yesterday, the intraday trend was relatively intact, and the short term seemed to have been supported. However, although gold continued to rise in the short term, it has not really strengthened. The overall trend is still in a volatile trend, and there is no obvious sign of a breakthrough. In addition, gold failed to break through the resistance of the 2335-2340 area, and the bulls have not reached the level of upward rush. Therefore, the possibility of falling back after the intraday high is greater.
Moreover, the U.S. market is closed early today, and it is difficult to continue to break through and rise in the short term. Obviously, it is not suitable to continue chasing gold now, so we might as well rely on the short-term 2335-2340 area resistance to short gold again!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Gold trading idea 🎯🎯Gold price trend to continue buy during session
It is expected that price will continue in the buy trend
And can approach the price range of 2154
Gold buy from 2154_2150
(1)Target zone. 2170
( 2) Target zone 2190
Note:
Always wish you to manage your capital safe
Take small lots of which suits your capital
The winner is the one who sticks with the marke
Give us like and support us
GOLD XAUUSD SELL FROM STRONG RESISTANCEHello friends as i can see the Gold XAUUSD chart
it is going to touch a strong Resistance level
and DXY $(index) already closed above the strong support area
technically it is a sell for me
kindly share Ur thoughts on Gold in comments
and stay tunes for more updates
GOLD XAUUSD BUY TRADE ?The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets.
Technically Gold Setup:
After monday market gap up open we see small pullback of gold and test 1844 level sweep the Buy side liquidity and break its Day high and test 1865.
Tuesday(Today);
Gold Price retrace to its h4 Imbalance or fair value gap and mitigate the gap and in 1h test its 61% fib level so here we wait for the break out of 15h structure to the upside 1859.
Then we enter our long position for the target of 1872 Weekly or daily gap fill level and price fill the gap of march 2023.
XAU/USD Retains Support Above $1,910 Amid Global UncertaintiesGold prices are showing resilience above the $1,910 support level, as markets await significant US inflation and employment data. Mixed statements from the Federal Reserve, as well as China's economic policy moves, are impacting market sentiment. Meanwhile, technical levels suggest room for both upside and downside movement in the near term.
TRADE IDEA DETAILS
CURRENCY PAIR: XAU/USD
CURRENT TREND: Sideways with upside potential
TRADE SIGNAL: Conditional Buy/Sell
👉ENTRY PRICE:
Buy around $1,925 (upon breaking resistance)
Sell around $1,900 (upon breaking support)
✅TAKE PROFIT:
Buy: $1,935
Sell: $1,885
❌STOP LOSS:
Buy: $1,915
Sell: $1,910
ANALYSIS:
Based on the current market conditions and upcoming economic data releases, a conditional buy/sell signal is recommended. A breach above $1,925 could indicate a bullish trend, targeting $1,935. Conversely, a break below $1,900 could suggest bearish momentum towards $1,885.
FINAL THOUGHTS:
Given the market's sensitivity to upcoming economic data, it's crucial to be prepared for both bullish and bearish scenarios. Utilize a conditional order strategy and monitor closely for market-triggering events. Keep an eye on geopolitical developments that could sway sentiment.
Gold Price Stalls as Markets Eye Fed's Jackson Hole SymposiumGold prices are trading cautiously around $1,895, affected by factors like US yields, China's economic woes, and anticipation of the Federal Reserve's actions. Investors eye Jerome Powell's upcoming speech for insights into the US economy and the Fed's monetary policy. A disappointing rate cut by the People's Bank of China adds to the complexity. Markets are also looking to US Existing Home Sales data. The intricate scenario calls for caution in investment strategies around Gold.
TRADE IDEA DETAILS
CURRENCY PAIR: XAU/USD (Gold/US Dollar)
CURRENT TREND: Consolidating below $1,900 mark
TRADE SIGNAL: Buy (Based on the current market scenario)
👉ENTRY PRICE: $1,895
✅TAKE PROFIT: $1,920
❌STOP LOSS: $1,880
Fundamental Analysis: The anticipation of a 25 bps interest rate hike by the Fed, mixed with China's economic woes and a lower US Dollar Index, creates a complex but potentially bullish environment for Gold.
Technical Analysis: XAU/USD has shown support around the $1,885 region, with resistance near the $1,900 mark. A potential breakout above this level could lead to an uptrend targeting the next resistance at $1,920.
Economic Indicators: The Jackson Hole Symposium and upcoming US data releases, such as Existing Home Sales, could significantly influence the price action.
Time Frame: The trade is aimed at a short to medium-term horizon, targeting a 1-2 week timeframe, with close monitoring of key economic events.