Xauusdupdates
XAUUSD: A big bull move to Previous Record Higher HighDear traders
After looking in the details of how price moved within last one week we have now confirmed that price is likely to reach previous record high. Price shows extreme bullish pressure and this is a likely a sign of big buying that will kick in later on.
Thank you.
Gold's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range.
However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547.
Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
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 28 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
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: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
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
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook:
In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits.
With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance.
Today's Trading Strategy:
Sell Zone: Short positions near 2640 and above.
Buy Zone: Long positions near 2620 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
Gold Can Fall After Testing the TrendlineHello 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
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases.
That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound.
However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.
Will gold continue to rise?
For now, can gold continue to rally next week? Will there be a new rise? The answer is, of course! Remember, continuity is the key to an uptrend anyway, and look at crude oil to see what rhythm is.
Fundamentals from the overall pattern, risk aversion has not subsided, gold is still in an upward pattern.
The current plate technical point of view, last week's weekly line big Yin and this week's weekly line big Yang echo, rise and fall are also 150 dollars range, the only difference lies in a negative line, a positive line. This week's pull up broke the weekly four consecutive Yin closed a big Yang column, the solid effectively stabilized the upward channel, and closed above the short-term weekly average, the intensive support on the cycle average line is more prominent, the cycle index also maintained upward, weekly long strong;
Therefore, weekly deep V reversal, superpose daily 5 even Yang, a little bit in the long run must be to test the previous high 2785-2790, this position may directly break through, may also be regress after the adjustment to break through.
Either way, the direction is up, so the trading mind only needs to be long, and a pullback is an opportunity to be long. This is also evidenced by our continued bullish thinking this week.
Detailed trading strategies will be updated later, so join me in the discussion
The most accurate gold trading signalsGold 4-hour level: Last night, it was under pressure and fell below the 10-day moving average, which was in line with the principle of weakness; and today, the Asian and European sessions fluctuated slowly upward and broke through the 10-day moving average, which showed some rebound strength. For tonight, the middle track 2658 is the next test. Once it fails to break through it, it will rise and fall again; Gold hourly level: From yesterday to now, the trend has been in the oscillating upward channel in the figure. Before the upper and lower tracks have broken through effectively, we should rely on the upper track to be bearish on highs and the lower track to be bullish on lows; At present, the upper track 2653 has some There are signs of pressure. The lower rail supports the upper rail in the range of 2633-30. If it repeatedly tests the upper rail, the derived pressure will be 2656. The important data tonight is 23 points of PCE. Once it rises as expected, it will suppress the gold price, which will easily swallow up the day's gains. Therefore, tonight, we tend to be bearish on rallies below 2653-56, and pay attention to the gains and losses of the lower rail support 2633-30. If it stabilizes and stabilizes, consider a rebound. If the big negative is lost, the weak pressure will continue, and then pay attention to the support of 2605.
It is recommended to go short near 2660, stop loss at 2670, target at 2648-2640; it is recommended to go long near 2630, stop loss at 2625, target at 2650-2658;
Gold rebounded beyond expectations, what to do?Today, gold successfully broke through the high of 2640 in the European session and has reached near 2655. The short-term bullish and bearish situation changed quickly, but the huge negative decline in the daily line laid the foundation for bearishness. Tonight's US session is expected to be a trend of rising and falling. Pay attention to the pressure near 2658 on the top and the support of 2630 on the bottom. If it falls below, it will continue to test the 2620 mark. The 1-hour moving average of gold is still a short-term arrangement of a dead cross downward. After the sharp drop in gold on Monday, gold continued to bottom out and rebounded yesterday, but it was still oscillating back and forth. Today, the rebound continued, but gold was still under the pressure of the previous low of 2658 in the 1-hour. Gold is still a rebound. The market is changing rapidly. It is normal to rebound after falling too much, but it is too early to define that gold has reversed. On the whole, today's short-term operation strategy for gold is to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 2658-2660 resistance, and the short-term focus on the lower side is 2610-2605 support.
Target Achieved, Future OutlookAfter a prolonged period of consolidation, gold has finally reached above 2650, just as we predicted, bringing in great profits! The price is now in a selling pressure zone, with key data releases approaching. In this case, it's prudent to pause trading and observe the selling pressure around 2660. If the selling pressure is strong, you can follow the trend to short, but be mindful of the strong support zone below. As long as it holds, gold is likely to continue its upward movement. Therefore, do not hold short positions too long. If there's a second surge in volume and a breakout occurs, gold could rise towards the 2680 zone.
XAUUSD OUTLOOK H4 XAU/USD (Gold) with key features highlighted. Here's a breakdown of the analysis:
1. Order Block and FVG:
The upper blue zone represents an Order Block, an area of institutional interest where selling pressure may emerge.
The Fair Value Gap (FVG) is also marked, indicating a potential imbalance that the price might fill before continuing its movement.
2. Supply Zone:
The mid-level blue zone indicates a Supply Zone, where selling pressure is likely to push the price downward if tested.
3. CHoCH (Change of Character):
The dotted line labeled CHoCH signifies a structural shift from bullish to bearish momentum, marking the beginning of a downtrend.
4. Break of Structure (BOS):
BOS levels are identified, confirming bearish continuation with successive lower lows.
5. Future Projections:
If the price breaks through the resistance in the Supply Zone, it could potentially test the higher Order Block before a reversal.
Alternatively, failure to break resistance may result in a continuation of the bearish trend.
XAU/USD 27 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
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: Bearish.
Yesterday's analysis and bias dated 26 November 2024 remains the same.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Trading Strategy Amid Geopolitical and Economic DataMarket Review and Outlook:
During the Asian session on Wednesday, gold attracted some follow-up buying, successfully holding support around the 2630 level and moving up to face significant resistance near the 2650 mark. The ongoing geopolitical risks related to the Russia-Ukraine conflict, coupled with concerns over President-elect Trump's tariff plans, have continued to drive safe-haven flows into precious metals for the second consecutive day.
However, the upward momentum seems to be lacking strength, and with today's key economic data releases—including the initial jobless claims and the U.S. October core PCE price index year-over-year—the market may see more defined direction. Thus, we will adopt a two-way strategy for trading gold today.
Today's Trading Strategy:
Sell Zone: Short positions can be considered between the 2645-2650 range.
Buy Zone: If the price falls back to 2630, look for opportunities to go long.
Market Watch: Given the economic data releases, anticipate increased volatility and stay prepared for quick adjustments.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always adhere to proper risk management practices and avoid overleveraging your trades.
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.
XAUUSD: 27/11 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2627
Four-hour resistance 2650, support below 2627-10
Gold operation suggestions: Gold quickly stepped down in the Asian session yesterday, pierced through the 2610 mark, stabilized, rebounded and repaired, stepped down again in the European session, stabilized at the 2610 line, ushered in a bottoming out and rebounded, and finally accelerated in the US session to break through the 2640 mark, suppressed and fell back and closed in shock, and the daily K-line chart closed in a shock pattern.
At present, from the perspective of the 4-hour trend, we pay attention to the 2627 line support below, the weekly level long-short dividing line 2637 line, and the upper focus is 2650/2658. We continue to sell high and buy low during the day, and wait patiently for key points to enter the market.
BUY:2627near SL:2623
BUY:2614near SL:2610
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.