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XAUUSD - AnalysisMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower. But to take more statistically more probable trades we should wait for some time of lower timeframe confirmation. For me the best way to confirm higher timeframe context is structure. We can notice the break of market structure (sign of weakness) on key liquidity level, so there is a higher probability to see price lower at least on opposite level (marked lower). Your success is determined solely by your ability to consistently follow the same principles.
OANDA:XAUUSDShort
by Maks_Klimenko
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TVC:GOLD
by TradeTrendsPro
GOLD → Global reversal H&S. How far do we fall? FX:XAUUSD was looking pretty steady in the Asian session until the press came out with their statements before Trump's speech. The fundamental background is weakening, but there are positive nuances from the news.... There is one last vote left, but Trump has a 99% chance of winning. Markets believe his policies will put upward pressure on inflation, treasury yields and the US dollar, which could have an overall negative impact on the XAU BUT, there is a possibility that in the long term, the gold price will also benefit from the new president's policies as Trump's foreign policy related to China and Europe could cause unrest and panic in the market Sentiment around the US election will play a key role in gold price movement ahead of the US Fed policy announcement due on Thursday. Technically, gold is giving hints of a possible reversal by forming a classic H&S pattern. The main support is at 2708 Resistance levels: 2731, 2735, 2749 Support levels: 2724, 2713, 2708, 2689 Also, H1 is starting to show a local descending channel. Before the official verdict of the vote, the price can still test these resistance areas, but later the market may turn around and start a gradual decline until the end of market-wide euphoria.... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
XAUUSD first time under the MA200 (4h) in 3 months.Gold broke today under the MA200 (4h) for the first time since August 7th. So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up). Tips: 1. The RSI (4h) hasn't been this oversold (reached 20.00) inside the Channel Up. An additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
Gold Wave Analysis 6 November 2024 - Gold broke support area - Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. The breakout of this support area accelerated the active minor ABC correction from the end of November. Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
FX_IDC:XAUUSDShort
by FxProGlobal
GOLD H12 IdeaRecord High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut Expectations The latest U.S. Non-Farm Payrolls report showed a low increase of 12,000 jobs, supporting hopes for a Fed rate cut on November 7. This expected cut could make gold more appealing by reducing the opportunity cost of holding a non-yielding asset. A 25-basis-point cut is nearly priced in, though dollar strength is currently offsetting some of this potential support. Technical Indicators Point to Bearish Reversal Gold’s weekly chart shows a possible bearish reversal pattern, with $2,724.75 as a critical support level. If prices drop below this level, it could lead to further declines, potentially targeting $2,697.28 or even $2,604.39. Upcoming Events and Market Impact With the U.S. presidential election and Fed decision next week, markets expect heightened volatility. The election uncertainty could continue to support gold’s safe-haven demand, while a Fed rate cut might add further upside if announced. Outlook If gold holds above $2,724.75, it may signal consolidation and possible upside, especially if the Fed cuts rates as anticipated. Conversely, a break below this support could confirm a short-term correction. For now, the market leans toward a cautious bearish stance in the short term, with potential support from safe-haven demand and lower rates longer term. Traders should monitor critical levels and prepare for swings tied to the election and Fed decision.
OANDA:XAUUSD
by GOLDFXCC
NQ breaks to new highs. Markets reacting to Election ResultsThis upward trend seems to have some momentum today. I'm not suggesting traders chase this rally and hold anything overnight, but I am seeing new highs on the ES/NQ charts, and IWM and other sectors are rallying to new ATHs today as well. This shows the scale of capital sitting and waiting for the election to play out. Traders were very concerned with the election outcome. At this point, I consider this rally phase a bit overcooked. The ES and NQ will likely continue to try to push higher as we move into the Santa Rally phase, but as a trader, I would be cautious of any overreaction to the election results. My best advice for my followers is to continue trading in minimal quantities unless you can handle taking huge lumps/losses over the next 3 to 4 days. The US markets will settle into next week, and after this emotional price move subsides, we'll start to trend based on more logical economic data. There will be some huge opportunities for skilled traders over the next 5+ months. Get ready. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
1
Evidence That Dow Jones Moves Based On FOMC ReleasesI can clearly see the support and resistance levels are formed STRICTLY based on the 8 hour chart and the FOMC releases. Just the September FOMC release alone accounted for the support and resistance levels for up to 3 months. Every 1/2 range expansion of the FOMC high/low represents a nice level to trade off of. These levels were planned out ahead of time. Take a good look at the below screenshot of just ONE 8-hour candle for FOMC dictated the entire support and resistance levels, way ahead of time. This entire Trump rally was planned ahead of time using September's FOMC levels.
CBOT_MINI:YM1!Long
by Dow_Jones_Maestro
Bullish time in CORN ahead \o/You can see here the CBOT:ZC1! price displayed in a line chart. After reaching its high in early 2022, the bears took control, driving the price down significantly until now. The factors in play are as following: Seasonality: Corn prices have historically shown strength from December through March, aligning with planting and crop cycles. This seasonal trend could provide a solid backdrop for a potential price recovery. (highlighted in green on the chart) Interest Rates: We’ve reached a pivotal moment in the Federal Reserve's interest rate cycle. The rate hikes that began in March 2022 coincided with the start of the bearish trend, while recent rate cuts in September 2024 may support a rebound in commodity prices, including corn. This shift in monetary policy could act as a bullish catalyst for corn and other commodities. (highlighted in orange on this chart) Technical Indicators: For additional confirmation, one could wait for a bullish crossover of the moving averages (a golden cross). Such a cross would reinforce the technical setup and definitively signal the onset of a new bull market in corn. With these factors in play, corn could be setting up for a strong rally in the months ahead.
CBOT:ZC1!Long
by p4917
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
OANDA:XAUUSDShort
by SRA_Trades
THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG: The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report. So, what now? We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move. For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings. As always, trade safe. KOG
OANDA:XAUUSD
by KnightsofGold
GASOLINE: Turned bullish on 4H as the MA50 held.Gasoline turned bullish on its 4H technical outlook (RSI = 56.424, MACD = 0.010, ADX = 32.938) as it rebounded strongly on the 4H MA50. The overall pattern looks very much like the October 2nd 4H MA50 rebound, which rose to almost the 2.0 Fibonacci extension. That is our Target (TP = 2.1650), just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYMEX:RB1!Long
by InvestingScope
11.7 The "Trump Trade" explodes, but beware now?On Wednesday, due to the Republican candidate Donald Trump won the US presidential election, gold prices fell more than once, down nearly 3% during the day, as of the current lowest to near 2650, the largest decline since June 7 this year. The dollar hit a four-month high and is currently trading as high as 105.45. That makes gold more expensive for buyers holding other currencies, as the market bets that higher tariffs under Trump could keep interest rates higher for longer. From the daily chart: you can see that gold has broken 4 support averages in a row. At present, the daily below line support is near the am60 moving average position 2615. If gold falls below the 2650 weekly line support, then there is a high probability of touching 2615 here. From the current point of view, before gold did not fall below 2650, gold this wave of Trump effect decline is almost over. Therefore, in the after-market operation, I suggest that we pay attention to the situation here, if we can stabilize above 2650 again. Then, we can rely on the 2650 position or above 2650 to enter the long. Keep looking above 2700.
OANDA:XAUUSD
by xrrsxrrs
GoldAs of November 7, 2024, gold prices have experienced significant volatility, influenced by various global economic and geopolitical factors. Current Price Levels: Gold is trading around $2,734.79 per ounce, slightly below its recent peak of $2,790.15 reached on October 31, 2024. (Reuters) Technical Analysis: • Support Levels: Immediate support is observed at $2,608.30, with stronger support around $2,468.20. (MarketScreener) • Resistance Levels: Key resistance is near the recent high of $2,790.15. (Reuters) • Moving Averages: Gold is trading above its 13, 48, and 200-day EMAs, indicating a sustained bullish trend. (Economies) • Relative Strength Index (RSI): The RSI is around 58.93, suggesting mild bullish momentum without being overbought. (Moneycontrol) Fundamental Factors: • Geopolitical Tensions: Ongoing conflicts in Ukraine and the Middle East have increased gold’s appeal as a safe-haven asset. (Reuters) • U.S. Federal Reserve Policy: Anticipated interest rate cuts by the Federal Reserve are expected to support higher gold prices. (Reuters) • Central Bank Demand: Robust purchases by central banks have bolstered gold demand. (JPMorgan) Outlook: Analysts predict that gold prices could rise to $2,600 or $2,700 by the end of the year, driven by geopolitical uncertainties and expected U.S. Federal Reserve rate cuts. (Reuters) Conclusion: Gold’s technical indicators and fundamental factors suggest a continued bullish trend. Investors should monitor geopolitical developments and central bank policies, as these will significantly influence gold’s trajectory in the coming months. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
MCX:GOLD1!Long
by tintinhawk