XAUUSD - Sell Position TechnicalThe technical indicators and moving averages suggest a strong sell signal for XAU/USD. The price is currently in an oversold condition, and the trend is strongly bearish
Futures market
Gold Update - wave 5-circle down in the wave 3 DownI am in short for get profit from wave ⑤ down. will update later
XAUUSD: Buyers Dominate!Dear traders!
Today, gold prices have made an impressive recovery, rising more than $48.4 to $2,708.8/ounce, marking a strong move with an increase of more than 1%. This recovery is reinforced by the weakness of the US dollar, along with the news that the Federal Reserve is expected to cut interest rates by 0.25% this Thursday. Although future interest rate cuts may face challenges if former President Trump returns, this trend opens up many positive opportunities for gold in the short term.
As seen from the 1-hour chart, the uptrend is forming and is being consolidated after the correction. In addition, the current gold price is reacting at the support zone of the two EMAs (34 and 89), creating a notable area. Therefore, Victor personally appreciates that based on the current momentum, if the price breaks the short-term resistance level near $2,710, the possibility of gold prices continuing to increase to higher levels in the coming time is high.
At the time of writing, the realization phase is forming, Victor is waiting for confirmation with the aim of strengthening further.
Guizz Trade reentry Hey guys, this is my trade of the day on gold, hope you guys enjoy.
I re-entered this trade cause on the lower timeframes, has formed a FVG inverse, one of my favorite confluences to enter a trade, and lots of liquidity to the upside, let's see how this trade turns out
Resistance 2720. Support 2692. Today's market analysisGold attacked 2710 and stood on the 2700 mark again. The adjustment range is very large. The market fluctuated greatly recently, fluctuating back and forth by 70~100$, so don't chase the rise or follow the short. Pay attention to the continued high action at the end of the week. Go long first and then go short when the correction is made!
The Federal Reserve's interest rate decision for gold was cut as expected, and the expectation of interest rate cut was realized. Gold is now encountering resistance and fluctuating. Today, it is mainly high and low. After the strong rebound of gold yesterday, the short trend of gold has temporarily come to an end, but the market may not reverse. It is likely to start a volatile market again.
The 1-hour moving average of gold has not turned around yet, and gold may not start to reverse for the time being. Gold seems to rebound strongly, but gold has repeatedly fallen under pressure above 2720. It continues to go short at highs below 2720 in the Asian session. Gold 2720 can be shorted first.
First support: 2692, second support: 2687, third support: 2672
First resistance: 2720, second resistance: 2736, third resistance: 2750
Trading strategy:
Trading based on resistance and support, BUY: 2691-2693. SELL: 2720-2722
Calling All Pro Traders!This is the action you’ve been waiting for as it dances around critical levels!
XAUUSD Outlook:Currently in a tight range between 2692 and 2700 – a major battle unfolding here! Will it break out soon?
Keep those eyes peeled! Downside Alert:If XAUUSD slips below this key range, it could trigger a swift move lower! Targets on the radar: 2680 and 2667.
Be ready to act! Upside Potential: On the flip side, if we see a breakout above this zone, it could set the stage for an explosive rally! Next targets in sight: 2704 and 2708.
Is the bulls' momentum building? Let’s Chat! What’s your take? Will we see a breakout or a reversal? Drop your thoughts below! Together, we’re navigating one of the most exciting moments in the market! Stay sharp, stay strategic – let’s go for the win!
Gold sell 2710 2605 sl 2724Xauusd sell 2710 to 2708 sl 2724 tp 2600 gold is in stron sell usdjpy long as well use alternatives to earn more it is quit easy *Today Imp Levels*
7th Nov 2024
Gold Selling Area: (R1,R2,R3)
👇👇👇👇👇👇👇👇👇
R3. 2726-2730 (STRONG SELL)
R2. 2703
R1. 2691
CP. *2663.8*
S1. 2643
S2. 2620
S3. 2606-2602 (STRONG BUY)
👆👆👆👆👆👆👆👆👆
Gold Buying Area: (S1,S2,S3)
*Gold Trend Buy*
Trend change
If Weekly closing Blow *2680*
*TIP OF THE DAY*
Looking buying from S1.S2.S3
Sell only from R
R1.R2.R3
So make a plan for better trade using SL
Zone to zone trade is more safe
CP above Buy and Down sell
FCPO Daily Analysis for 7 November 2024: Continue Bull RunThe FCPO market on 7 November 2024 demonstrates resilience, buoyed by supportive supply-demand dynamics and recent news. The daily chart confirms a bullish trend, while the 1-hour and 5-minute charts provide tactical insights for range-bound and intraday traders.
With the Malaysian Palm Oil Board data set for release on 11 November, traders should stay informed about potential market-moving news. In the meantime, strategic entries near support levels and cautious exits at resistance can yield profitable trades in this environment. The FCPO’s performance today underscores the importance of adapting strategies across different timeframes to maximize profit while managing risk.
In summary, while the FCPO market remains bullish in the longer term, tomorrow’s trading may offer both continuation and range-bound opportunities. By following key technical levels and adapting to market developments, traders can make the most of the ongoing uptrend and potential intraday fluctuations.
07 Nov - Retest and sellI believe price will retest the 2700 level and drop back down to 2638 and 2615
Does Gold Want to continue bearish???I'm Bearish on Gold but the question is, does the Dollar want to continue bullish to close out the week? Since it is Friday I'm keeping my expectation low cause we could end up in consolidation.
Unveiling the Path: Silver's JourneyHello Traders
In This Chart XAGUSD HOURLY Forex Forecast By FOREX PLANET
today XAGUSD analysis 👆
🟢This Chart includes_ (XAGUSD market update)
🟢What is The Next Opportunity on XAGUSD 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
silver xagusd is "undervalued"technically very strong coming back to low levels, silver will hit 36 easily soon in my opinion, but i think it can go to 38/40.
Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730.
Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
Gold Intraday Trading Plan 11/8/2024The downward trend is inevitable in spite of FED interest rate decision yesterday. 2D TF, it has broken the support line at 2720.
I am expecting it go up initially and drop from around 2726.
1st target will be 2680.
XAUUSDGold (XAU/USD) is one of the world's most widely traded precious metals and a traditional safe-haven asset. As an inflation hedge and store of value, gold often attracts investors during times of economic uncertainty or market volatility. The price of gold is influenced by multiple factors, including interest rates, currency strength (particularly the US dollar), geopolitical events, and supply and demand dynamics. When the US dollar weakens, gold typically becomes less expensive for holders of other currencies, potentially increasing demand and driving up prices. Similarly, lower interest rates tend to make gold more attractive since it doesn't generate yields like bonds or savings accounts.
(XAUUSD) Will It Fall?Gold recovers following Wednesday's sharp decline and trades above $2,680. The benchmark 10-year US Treasury bond yield edges lower after Trump-inspired upsurge, allowing XAU/USD to hold its ground ahead of the Fed policy decisions.
Buy Level Based On RBS (W1,D1)Because our previous shared zone already break, so I am using basic SNR - RBS method to find next level. I only expect to buy until nearest D1 SBR.
sell from this levelin NFP if price break the m15 neckliine and retest this level
we can try for sell untill 2600
Chart Idea - Swing Long on NQSwing Long Setup
Entry - 21200
SL - 19900
TP - 23600
RR - 2:1
Not a financial advice... Do your own research !!
Sideway rhythm - recovers and continues to decrease⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) continues to decline for a second straight session on Thursday, pressured by a stronger US Dollar following Donald Trump’s election victory.
The reduced demand for safe-haven assets like gold reflects market optimism and a shift towards “Trump trades,” spurred by the clarity of the election outcome, which contrasts with earlier fears of a contested result.
⭐️Personal comments NOVA:
Yesterday's strong sell-off - proving the downward trend in gold prices by the end of 2024. Sideway rhythm - accumulates and continues to decrease to lower levels: 2606
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2678 - $2680 SL $2685
TP1: $2670
TP2: $2660
TP3: $2650
🔥BUY GOLD zone: $2645 - $2643 SL $2640 scalping
TP1: $2650
TP2: $2658
TP3: $2670
🔥BUY GOLD zone: $2606 - $2604 SL $2599
TP1: $2620
TP2: $2635
TP3: $2650
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold price drops - stabilizes by the end of 2024XAU / USD trend forecast November 7, 2024
Gold dropped to a three-week low below $2,700 per ounce on Wednesday following the 2024 US Presidential election, with former President Donald Trump’s win strengthening the US Dollar and Treasury yields. XAU/USD saw a decline of over 2.5%, trading around $2,667 at the latest.
Market uncertainty has eased, as Trump’s victory was more decisive than anticipated. Additionally, the Republican party secured majorities in both the Senate and the House of Representatives, completing a “red sweep.”
Gold price dropped sharply to 2644, strong downtrend. Still in the upcoming downtrend, ending the price increase cycle of previous months.
/// SELL XAU : zone 2682-2685
SL: 2690
TP: 50 - 150 - 300 pips (2655)
Safe and profitable trading
