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Gold Spot (XAU/USD) Potential Reversal from Premium ZoneAnalysis Summary Premium Zone and Strong High: The price is approaching a premium zone between 2,745 and 2,750, where selling pressure could emerge. The strong high in this area marks a key resistance level that may limit further upside. Change of Character (CHoCH): A CHoCH near the current price indicates a recent bullish shift in short-term momentum. However, if the price meets resistance in the premium zone, this shift may be short-lived, leading to a potential reversal. Discount Zone and Weak Low: Below the current price, a discount zone around 2,726–2,730 could act as support if the price reverses. The weak low near 2,726 represents a potential target for bearish continuation, should selling pressure resume. Potential Scenarios: Bearish Reversal from Premium Zone: If the price fails to break above the premium zone (2,745–2,750) and meets resistance, a bearish reversal is likely. This could drive the price down toward the discount zone and weak low around 2,726. Continued Bullish Momentum: If buyers manage to push the price above the premium zone and sustain it, this could signal a bullish breakout, potentially invalidating the bearish setup and leading to higher targets. Conclusion Gold is approaching a significant resistance level within the premium zone, where a bearish reversal could take place. Traders may look for selling opportunities around 2,745–2,750, targeting the discount zone at 2,726 if bearish momentum returns. Monitoring price action in the premium zone will be key to confirming the next move.
PEPPERSTONE:XAUUSDShort
by SwiftSignalFX
Gold Price Today: Short-Term Sell Opportunity ?Hello everyone, let’s dive into today’s gold price analysis! I’ll be focusing on the 1-hour chart to analyze and strategize. Currently, gold is trading around the $2,733 mark, showing a gradual downward trend. The downtrend is further confirmed as the price moves within a descending wedge, with lower highs and lower lows forming consistently. Additionally, the 34 and 89 EMAs provide strong signals favoring sellers. In my view, a short-term sell strategy seems promising. What do you think? Share your thoughts in the comments below!
OANDA:XAUUSDShort
by Chipucu
6
Gold price recovers early lost ground amid US election concernsToday, the price of gold (XAU/USD) is trading at $2,735 and is almost stable for the day after recovering a significant portion of its losses from the Asian session to a low of more than one week. The demand for safe haven assets resulting from the fiercely disputed US presidential election and the possibility of a further escalation of Middle Eastern geopolitical tensions continues to provide some support for the precious metal. In the meantime, US Treasury bond yields continue to drop as a result of the "Trump trade" being unwound and speculation that the Fed would further cut interest rates in the face of a weakening labor market. This helps to limit the downside for the non-yielding gold price and does not help the US Dollar (USD) build on the overnight recovery from a two-week low. Technical Outlook: Technically speaking, the pullback from the all-time high and the failure last week close to the upper boundary of an ascending channel that began in late July could be interpreted as an indication of bullish exhaustion. As a result, any more decrease is more likely to encounter some support in the $2,720–2,715 horizontal zone. Below this, the price of gold may attempt to test the trend-channel support, which is presently situated close to the psychological level in the $2,700 area. On the other hand, the $2,745-2,750 range currently appears to be an impending barrier before the $2,790 range or the record high that was reached last Thursday. The psychological level at $2,800 and the rising channel resistance, which is located in the $2,815 zone, come next. The gold price can continue its recent, well-established rise if it maintains strength above the latter, which optimistic traders would view as a new trigger.
OANDA:XAUUSD
by softt_inc
NQ Power Range Report with FIB Ext - 11/5/2024 SessionCME_MINI:NQZ2024 - PR High: 20132.00 - PR Low: 20084.75 - NZ Spread: 105.75 Key scheduled economic events 05:00 | U.S. Presidential Election 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices 13:00 | 10-Year Note Auction AMP raised margins for expected overnight volatility - Inside daily print - Previous session closed virtually unchanged Session Open Stats (As of 12:35 AM 11/5) - Weekend Gap: -0.13 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 288.45 - Volume: 21K - Open Int: 252K - Trend Grade: Bull - From BA ATH: -5.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Short
by mv3trader5
GOLD - USD - 15 min. - Technical analysis published on 11/04/202My analysis The bearish trend is currently very strong for GOLD - USD. As long as the price remains below the resistance at 2,743.65 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,725.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,714.54 USD as an objective. Crossing it would then enable sellers to target 2,695.91 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend
OANDA:XAUUSDShort
by abouel
World gold prices fall when the USD index is anchored highInvestors are expressing caution ahead of the US Presidential election and the upcoming decision of the US Federal Reserve (FED) on interest rates. Today (November 5), the US presidential election will take place. Public opinion polls show that Democratic candidate Kamala Harris and Republican candidate Donald Trump are closely tied in the race for the White House. UBS analyst Giovanni Staunovo shared: "The driving force for gold this week will be the US presidential election. If Donald Trump wins, the gold price will move faster closer to the target of 2,900 USD/ ounces, gold will likely fall if Ms. Kamala Harris wins. Meanwhile, the Fed's interest rate decision is unlikely to create much change, because the bank will likely signal further cuts in line with market expectations." 🔥 XAUUSD BUY LIMIT 2727 - 2725🔥 ✅TP1: 2755 ✅TP2: 2765 ✅TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✅TP1: 2745 ✅TP2: 2735 ✅TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart XAUUSD formed a bullish Engulfing pattern. General outlook XAUUSD has been under selling pressure within the last day.now the price display a bullish Engulfing pattern.The price ready to rise. Possible scenario The best way to use this opportunity is to place a buy order at 2,736. Set your stop loss at 2,728. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($19.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
TVC:GOLD
by CHRLEEEXPERT
XAU/USD: Today's Support, Resistance, and TargetsMarket Overview: Today, I conducted a detailed analysis of the XAU/USD pair, focusing on key support and resistance levels that will guide my trading decisions. 📊 Key Levels: **📉 Support Level: 2722 This is a critical level where buying interest is likely to emerge. **📈 Resistance Level: 2747 This level may present challenges for upward movement, potentially leading to selling pressure. 🎯 Trading Targets: Target 1: 2733 This is my initial target, where I expect price action to react. Target 2: 2725 This secondary target represents another opportunity for profit taking. 🔒 Risk Management: Stop Loss: 2748 A prudent stop loss to protect against unexpected market movements beyond the resistance level. 📈 Summary: Today's analysis indicates a cautious but strategic approach to trading XAU/USD. The identified support and resistance levels, along with clear targets and a stop loss, are designed to optimize trading performance while managing risk effectively.
OANDA:XAUUSD
by BinSalmanFundsReal
XAUUSD Short Position Today is the U.S Presidential Election Day. With the moving averages on a 1 hour timeframe curving downwards, there is an 80 percent chance of Donald Trump winning the election, thus strengthening the U.S Dollar and drastically reducing the price of Gold to as low as 2685.Gold could reach the Resistance zone at 2746 before a waterfall later in the day. XAUUSD Plan day (5/11/2024) SET UP GOLD PRICE: Sell GOLD zone: $2746 - $2748 SL $2751 TP1: $2735 TP2: $2725 TP3: $2710 Buy GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2720 Buy GOLD zone: $2685 - $2687 SL $2680 TP1: $2690 TP2: $2700 TP3: $2710
FX:XAUUSDShort
by Godfrey481
1
Gold trading strategy analysis for next weekFundamental analysis 1: Gold prices fell on Friday, weighed down by a stronger dollar and higher bond yields, but weak job growth data in the world's largest economy prompted analysts to increase bets on a Fed rate cut, limiting some of the losses. Conclusion: I personally think there is a 100% chance that the Fed will cut interest rates by 25 basis points next week 2: The upcoming US election this week is also seen as one of the key factors affecting gold's trend Conclusion: I personally think that next week's interest rate meeting is scheduled just after the US election, so the gold market may use the results of the US election to reach new highs. 3: The market has different views on the future trend of gold prices, but in the long run, gold's position as a safe-haven asset and reserve currency remains solid. Especially in the current context of increasing global economic uncertainty and intensified geopolitical risks, the attractiveness of the gold market will be further enhanced. Conclusion: There may be short-term fluctuations this week, but the long-term outlook remains optimistic Technical analysis In the context of macroeconomics, we still need to undergo rational technical analysis and accurately categorize and sort out the gold trend chart. Combined with the market's volume and price sentiment, we can draw the following conclusions: 1: The short-term trend of gold has developed to the end of the graph, and it is bound to have a big market next week. 2: The current key price consolidation range is: 2730-2735. From this, we can judge the next direction, bull market? Bear market? Or oscillating trend? 3: The current high probability price oscillation range is: 2712-2760 4: Long strategy: 2730 is used as an important trend support point reference 5: Short strategy: Continue our analysis last week and use 2760 as an important pressure point. 6: The important signal of the bull market breakthrough is the breakthrough of 2760. If it can be broken, it is likely to continue to rise 7: The important signal of the bear market breakthrough is the breakthrough of 2710. If it can be broken, it is likely to continue to fall Next, I will continue to organize and share the corresponding trading signals for you, and investors should also grasp the rhythm. Thank you for your attention.
OANDA:XAUUSD
by GoldFxTradingPioneer
Gold's Next Move: Key Levels to Watch for Bulls and Bearshello guys. Let's dive into FOREXCOM:XAUUSD analysis! Channel Support: Gold is currently trading within an upward channel, showing steady bullish momentum. Correction Point: The price appears to be correcting, aiming to test the 50% retracement level of the last upward spike, around $2,721.50. This area aligns with strong support, often referred to as the "last hunting area." Scenarios to Watch: Bullish Scenario: If gold finds support at the $2,721 zone and reverses, it could rally back up to challenge the previous resistance near $2,770–$2,780, maintaining the bullish trend. Bearish Scenario: A break below the $2,721 support could indicate a deeper correction, potentially targeting the lower boundary of the channel.
OANDA:XAUUSD
by melikatrader94
6