XAUUSD: Another 1500+ Pips Drop is Coming Up! OANDA:XAUUSD OANDA:XAUUSD
Price dropped to $2537 and then started showing some correction, However at 2577 we some strong resistance, we think price is likely to drop further in coming weeks. This analysis is based on last three analysis so please go through previous analysis. Thank you.
Xauusdupdates
XAUUSD:15/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2627, support below 2500
Four-hour resistance 2581, support below 2535
Gold operation suggestions: Yesterday, gold technically fell and then rose, and the deep V rebound rebounded strongly. The price of the Asian and European sessions was under pressure at the 2580 mark and fell rapidly. The European session further retreated downward and broke through the 2570 mark to reach 2560 and fell into sideways fluctuations. Before the US session, it quickly fell down and broke through the 2540 mark to reach 2536 and stabilized, and finally formed a deep V rebound, breaking through and standing on the 2570 mark to reach 2578 and fell under pressure to close. The short-term decline in gold prices may have bottomed out at 2636.
Today, the short-term support of 2550-2553 is concerned below, and the short-term pressure above is concerned around 2588-90. The overall support for the day is to sell high and buy low in the 2550-2590 area. At present, the decline of gold has almost reached a certain level, and it is likely to start to fluctuate and consolidate. In the short term, the gold price will stabilize at the 2536 mark and fluctuate upward to repair the previous decline. Do not short at will at a low price.
BUY:2550near SL:2545
SELL:2581near SL:2585
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
XAU/USD 15 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Following price has printing bearish iBOS, price has printed bullish CHoCH indicating bullish pullback phase initiation.
We are now trading within an established internal range.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 supply zone before targeting weak internal low priced at 2,536.896.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
Gold rebounded strongly, short-term bearish, long-term bullishGold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish.
The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market.
First support: 2556, second support: 2545, third support: 2530
First resistance: 2580, second resistance: 2590, third resistance: 2605
Trading strategy:
You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
XAUUSD: Buy at low level, target 2578-2590The first rebound after the significant drop is basically over, and it has already reached the resistance area. During the upcoming retest, pay attention to the support near the previous low.
Just like the strategy I gave when the market rebounded to around 2620 last time, this time we should also watch for a potential W-shaped trend. If it appears, a rebound to the 2578-2590 range should not be a big issue. So, for tomorrow's trading, the focus should be on buying at lower levels.
For those who enjoy scalping, don't be too greedy during the trade—keep an eye on the rhythm, and don't neglect risk management.
If you have any questions, feel free to leave me a message.
XAU/USD 14 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Previous intraday analysis where I mentioned that price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725 was how price printed.
Price has printed a further bearish iBOS.
We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone.
Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAUUSD: 14/11 Today's Market Analysis and StrategyTechnical analysis of gold
Daily resistance 2627, support below 2500
Four-hour resistance 2585, support below 2550
Gold operation suggestions: Yesterday, gold technically rose and then fell in volatile trading. The price stabilized at the 2600 integer mark in the Asian and European sessions and ushered in a volatile rebound and repair. Under the influence of CPI data, the gold price in the US session rose slightly and pierced the 2618 mark, and then fell back due to resistance. The overall price once again lost the 2600 mark and formed a weak unilateral downward pattern.
From the daily analysis, today's upper resistance focuses on the 2580~85 line suppression. The intraday pullback relies on this position to continue the main short and follow the trend to look down. The lower target is still concerned about breaking the bottom. The short-term gold price is the watershed between long and short strengths and weaknesses at 2605. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity. Keep participating in the trend.
SELL:2581near SL:2586
SELL:2565near SL:2568
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold Market Downtrend Gains Momentum: What’s Next?**Gold's Downward Acceleration: Key Levels, Global Impact, and Technical Outlook**
The gold market, particularly XAU/USD, is experiencing heightened volatility, with prices dipping below the critical 2600 level, signaling a sharp decline that has traders questioning what’s driving this downturn. Market sentiment is mixed: while some view this as a panic-driven selloff, others see it as a classic case of profit-taking. With the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports on the horizon, investors are left wondering whether there’s still a chance for a rebound—or if more downside is on the way.
One of the significant factors weighing on the gold price is the economic stance of Chinese authorities. Their recent lack of robust support for financial markets has disappointed traders and fueled a cautious attitude. This reticence is likely influenced by renewed concerns over potential U.S.-China trade tensions, particularly with former U.S. President Trump hinting at possible tariffs. This tension has contributed to a drag on gold as investors brace for market reactions that could ripple through commodity markets globally.
The U.S. dollar, meanwhile, has been bolstered by recent market dynamics, as investors shift focus toward the dollar as a safe haven amid economic uncertainties. Additionally, excitement around Trump’s political moves has temporarily lifted the greenback, while the likelihood of future Federal Reserve rate cuts has dwindled in recent discussions. This has placed further pressure on gold prices, as the precious metal often loses appeal in a rising-dollar environment.
### Economic Data to Watch: CPI’s Potential Influence on Fed’s Path
With the CPI and PPI reports due for release, investors are acutely aware that any surprising inflation data could sway the Federal Reserve’s approach to interest rates. A higher-than-expected CPI could bolster the case for maintaining or even raising rates, which would likely support the dollar further. In contrast, if inflation data softens significantly, it could renew hopes for future rate cuts. Either way, gold traders will be watching closely, as these data points have the potential to shift the narrative around both the dollar and gold.
### Technical Analysis: XAU/USD in a Critical Zone
From a technical perspective, gold’s current positioning is pivotal. The XAU/USD pair has breached an important support zone, attempting to break free from its recent range. Currently, the critical support levels to monitor are at 2604, 2569, and 2546. Resistance, on the other hand, stands at 2626 and 2637, with the 2626-2637 range aligning with a 0.5 Fibonacci retracement level, marking a potential target for a short-term correction.
Should the price close consistently below the 2605-2600 threshold, it could pave the way for further declines. However, because gold is sitting on a strong support level, there’s potential for a false breakdown. In such a scenario, a corrective move may take prices up toward the 2626-2637 resistance zone. This correction could serve as a temporary reprieve before any continued bearish momentum, which may resume if market conditions remain unfavorable.
In summary, gold is navigating a complex landscape influenced by economic indicators, global politics, and market sentiment. Investors should keep an eye on both macroeconomic updates and technical signals, as these factors will determine if the metal can find stability—or if the downward momentum will persist in the weeks to come.
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under sellinging pressure within the last day. The pair moved to the level of 2,543.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,545.
Set your stop loss at 2,537. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,575. ($30.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
GOLD NOW IN BUYING ZONE !!! HELLO FRIENDS
As I can see #GOLD is now trading above 2550 zone and fail to break a strong Support Zone we are watching also Fib levels it's also showing us a great retracement had done but still we can see 0.61 did not achieve we are buying here on the base of daily Strong POI which can give us great pips and also for long term traders it's a great entry Middle East problems escalating by HAMAS & other proxies which investors did not under estimate and they love these types of dip
Ending of year and opening 2025 Trump new elected bad US economy investors always love safe haven not Bonds so we can't miss these incoming moves we had just sent yesterday our perdition on Gold Drop which is attached in comment we need Ur love and boost the idea, so it helps to be many other traders Stay Tuned for more updates ....
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes.
Scenario 1: BUYS
We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels.
Scenario 2: SELLS
We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD came to our KDZ (Key Demand Zone) 2600.
- XAUUSD has dropped to lower areas (2590).
- Trading above 2590 and breaking above would result in buys.
- Breaks below 2590 would result in Scenario 2 unfolding.
Happy trading!
FxPocket
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.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAU/USD 13 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback.
Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line.
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Analysis/bias remains the same as yesterday's analysis dated 12 November 2024.
As mentioned in my analysis dated 8 November 2024 that I would not be surprised if price printed a bearish iBOS.
Price Action Analysis: This is how price printed, printing a bearish iBOS followed by a bearish BOS.
Price has printed a bullish CHoCH indicating bullish pullback phase initiation. We are now trading within an established internal range.
This is in-line with all HTF's need for a pullback.
Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
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.
GOLD UPDATE: First Trade Floating +520 Pips. What's Next?Great start for the week! My final target hasn't been hit yet, floating +520 pips in profit. I'm expecting a pull back to retest QP 2650 which has a 38.2 fib confluence. I will be looking for some bearish price action around this level for a possible second entry. My final Target is still major QP 2600.
What are your thoughts on GOLD? Feel free to leave a comment and share your ideas.
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.
Bearish trend, the lower target is around 2600Gold daily line fell below a new low again. After a short rebound was blocked, it began to fall. After a short correction, it was ready to break the low again to open the falling wave, and at the same time pulled the indicator to turn downward. The short-term market is expected to repair the rise, and the trading strategy is to maintain the rebound short position.
Gold 4-hour moving average continues to cross the downward short position arrangement. The decline of gold is far from over. After gold fell below the last low of 2643, gold now 2643 has become a resistance to suppress gold's rise. Gold continues to be sold below 2643 in the Asian session. Gold rebounds near 2640 and can be sold.
First support: 2603, second support: 2592, third support: 2578
First resistance: 2633, second resistance: 2642, third resistance: 2658
Trading strategy:
BUY:2602-2604
SELL:2640-2642