xauusd sell tradexauusd reacting good to the 1hr supply
and also has a break and retest setup to the downside.
let see how it goes.
GOLD trade ideas
$XAUUSD: Convergence of Fibonacci Levels & Bullish PatternsPEPPERSTONE:XAUUSD Analysis:
After the drop below the neckline and established support at $2674, we anticipated a decline that could reach $2639. This represents the 200% Fibonacci extension and is the default target for the head and shoulders pattern formed above support.
We also anticipated the formation of a bullish crab pattern that could appear at $2642, slightly above the default target zone for the head and shoulders, and upon further analysis of lower timeframes, we also identified the formation of a bullish butterfly pattern today at $2637, below the previously mentioned levels.
We are therefore in a convergence zone between Fibonacci levels, with the formation of new patterns that could favor a potential recovery attempt from the recent decline.
The default target for the bullish crab pattern (higher degree) is projected at $2668.
Note : A price drop below the most recent support could invalidate this pattern.
Gold Is Approaching An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2635 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2635 support and resistance area.
Trade safe, Joe.
XAU/USD - Gold bullish move expected...Following the trend line in the H4 time zone and checking the levels of 2650 and 2630, gold can give a good bullish move from either level 2650 (zone 2646-2654) or level 2630 (zone 2626-2634).
With this analysis, we can plan two buy trades: the first one will be from 2654 with a Stop loss of 2644, and the second trade can be from 2634 with an SL of 2624. The targets for both trades can be 1. 2730, 2. 2750, and the third target should be a new all-time high or 2800.
Please follow risk management according to your account capital. Never risk more than 3% of your capital in one trade.
Thanks ...
$GOLD analysis XAUUSD 4H
1. The price reacted to the 0.618 Fibonacci level around 2674 and is attempting to break the downtrend line.
2. The next major resistance lies between 2745 and 2750.
3. If this resistance is broken, the potential target could be around 2800.
4. Key support is at 2635; losing this level may increase selling pressure.
5. The current structure indicates a potential breakout of the downtrend line and a move toward higher resistances.
the gold analysis in the third week of the last month of the yea
Welcome... I present to you the gold analysis in the third week of the last month of the year:
1- Gold is heading to the 2605-2615 areas and then rebound to the 2625 areas as a first target.
2- Gold is heading to the 2540-2545 areas and then rebound to the 2678 areas as a first target.
3- Gold is heading to the 2475-2485 areas, then rebounding to the 2525 areas as a first target.
GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GOLD pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,662.621 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
Scenario xauusd update levels This analysis is purely about adjusting the level, plus a minor comment, the price is still holding on to the main level and could create a double top, the main one makes sense to me because there is a npoc on the support around the price of 2700, at which the price could choose a stop below we are currently in a poc, so then the view of thinking like this is still short, but I am still waiting for a confirming signal.
XAUUSD SELL PATTERN Hi Dear Traders Forecast of XAUUSD GOLD Moving to sell pattern Because price will Back from 2720 here is Reject price So lets we still in sell pattern.
Currently Phasing Trading with in short Term Channel Red.
As price will approaches in 2690 may test again after we see price will Move to Support.
as Always fallow your Trading Plan for more insights.
Gold: Bullish Move AheadThe gold market has been exhibiting bullish momentum, supported by an upward trendline. After reaching a recent low at approximately 2,611.93 USD, the price has shown signs of a rebound near key Fibonacci levels. The key support area around 2,610.00 USD (0.786 retracement level) is holding strong, and gold is now approaching the 0.50 Fibonacci retracement level at 2,669.02 USD.
If the price manages to break above the 2,669.02 level, the next target would be near the 0.236 level around 2,699.16 USD. The bullish trend could accelerate further if gold surpasses the 2,726.10 USD resistance zone.
Key Levels:
Support: 2,611.93 USD
Resistance: 2,726.10 USD
Fibonacci Retracements: 2,655.54 (0.618) and 2,669.02 (0.50) act as significant levels for potential breakouts.
Welcome to my latest analysis and forecast for XAU/USD!Gold prices are entering a phase of bearish consolidation.
The understanding that the Federal Reserve may slow the pace of its interest rate cuts due to stalled progress in reducing inflation to its 2% target acts as a headwind for the yellow metal.
However, a combination of factors continues to provide some support.
A slight decline in U.S. Treasury yields keeps dollar bulls on the defensive.
Additionally, persistent geopolitical risks and concerns regarding the policies of U.S. President-elect Donald Trump helps limit the downside for the precious metal.
Traders are also likely to avoid taking new directional positions ahead of the critical Federal Open Market Committee (FOMC) policy decision on Wednesday.
This decision will be closely watched for signals on the future path of rate cuts. which could provide new impetus for the XAU/USD pair.
Technical Analysis
In this analysis we will take a closer look at the current state of XAU/USD and provide a forecast for its future movements.
First, let's start with a brief explanation of XAU/USD.
XAU refers to the chemical symbol for gold, while USD is the abbreviation for the US dollar.
This currency pair represents the price of gold in US dollars.
As the US dollar is the world's foremost reserve currency and gold is seen as a safe-haven asset, XAU/USD is a highly watched and traded currency pair.
Now, let's dive into the analysis of XAU/USD. In recent months, we have seen a steady uptrend in the price of gold against the US dollar.
This can be attributed to various factors, such as the ongoing trade tensions between the US and China, the uncertainty surrounding Brexit, and the global economic slowdown.
All of these events have led to investors seeking refuge in the safe-haven asset of gold, thus driving up its price.
Additionally, the recent interest rate cuts by the US Federal Reserve have weakened the US dollar, making gold more attractive for international investors.
The demand for gold has also increased due to the central banks of various countries adding gold to their reserves.
These factors have all contributed to the bullish trend in XAU/USD.
In terms of technical analysis, XAU/USD is currently trading above its long-term moving average , indicating a strong uptrend.
However, it is important to note that the price has reached on critical resistance level of $2,718 per ounce.
If it breaks through this level, we can expect to see further gains in XAU.USD.
On the other hand, if the price fails to break this resistance, we may see a pullback to the support level of $2,560.
Now let's move on to our forecast for XAU/USD.
Based on the current market conditions, we believe that XAU/USD will continue its uptrend in the short term, with a potential target at $2,791 per ounce.
However, we cannot ignore the fact that gold is a highly volatile asset, and any unexpected events or changes in market sentiment can quickly reverse this trend.
In the long term, we maintain a bullish stance on XAU/USD due to the ongoing uncertainty in the global economy and the potential for further interest rate cuts by central banks.
It is also worth mentioning that the gold market tends to perform well during times of geopolitical tensions and economic downturns, which are all possibilities in the current global landscape.
In conclusion, XAU/USD has been on a steady uptrend, and our analysis and forecast suggest that our analysis and forecast suggest that this trend will continue in the short and long term.
As always, it is important to keep an eye on the market and adjust your trading strategy accordingly.
Stay updated with the latest news and events that may affect XAU/USD to make informed trading decisions.
Happy Trading!
XAUUSD Short idea - Short term swing tradingWe are currently in an ABC corrective move and there's some very high quality supply areas I'm looking at and willing to trade.
Short term swing idea to the bearish side, however higher timeframe trend remains bullish and I'm expecting it to continue after the end of the current ABC correction.
Trade safe!
AlbertFX99
Gold sits below a local resistance, break above will see $3,000 Gold is sitting on a local resistance level, this is a danger level to buy from, it would ideally be a good sell, with a stop loss now set right outside this channels upper resistance line for a very nice risk to reward ratio (This is the trade we currently have set)
If Gold breaks above this resistance, we will see Gold head towards £3,000 by April 2025 as mentioned in our other idea below.
Take a look for an explanation as to why:
GOLD: Bearish Trend (Head & Shoulder Pattern)GOLD is moving in bearish trend and currently its forming Head & Shoulder Pattern on 1hr time frame with bearish divergence and its also break the nick line so we will take a short trade on CMP price with proper Risk Management.
Trend analysis and strategy, continue to look at reboundGold bottomed out and rebounded on the daily line, MA10/7-day moving averages were flat at 2661/70, and the RSI indicator was running at the 50 value of the middle axis. The short-term four-hour chart bottomed out and rebounded, and the Bollinger Band lower track 2630 was supported to a certain extent. The hourly moving average golden cross opened upward, and the RSI indicator bottom diverged and stood above the middle axis. The callback during today's trading day is still mainly for low-price longs, and then consider selling.
After yesterday's decline, gold continued to return to volatility. After today, the NY market will usher in the Fed's interest rate decision, so gold will most likely continue to fluctuate before the Fed's interest rate decision, and then wait for the Fed's interest rate decision to decide the winner.
The 1-hour moving average of gold is still in a short position. The gold rebound still focuses on the resistance near the last high of 2667 and continues to see a volatile decline. Gold rebounds above 2660 and can continue to be short. Pay attention to the 2633 first-line support below. Gold fluctuates in this range and waits for the Fed's interest rate decision before choosing a direction.
First support: 2640, second support: 2633, third support: 2615
First resistance: 2658, second resistance: 2667, third resistance: 2678
Trading strategy:
Before the US interest rate decision, sell high and buy low in the range of 2633~2667
Is XAUUSD still bearish?As have discussed in our Multitime frame detailed analysis that after the broke of 2665-2670 support area market in in rangbound from 2660-2630 area.
What possible scenario do we have?
we can expect the market to retest that 2660 level before futher downward movement .
On the other hand if market breaks the 2660 again and gives the H4 candle closes above our bearish charts will be invaild.
More important market was stucked 2 weeks in this zone 2660-2630.
If the 2630 breaks then we have proper bearish trend which i mentioned in my video analysis.
Furthermore, im expecting that market will test the 2605 then 2580 benchmark.
"M" pattern will be createIt may go to 2610 again,
support level coinciding with the 50% retracement level
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up
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GOLD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2648.6
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 2675.4
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
#xauusd #elliottwave long buy setup wave 5 18Dec24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
12.18 Gold shock revision BUYGold rebounded slightly yesterday, with a small cross positive line on the daily line.
1. After bottoming out and rebounding in the morning, it started to rise from 2650 in the afternoon.
2662-3 is the 382 position of the rebound from Friday's decline, and 2664 is the continued decline, so it is the key resistance level.
The two watersheds are very clear, one is the low point of 2643, and the other is the European session time point. Therefore, the 2650 line was chosen to bet on the rebound.
2. The 2662-4 line, the evening retracement, the formula emphasizes that the European session opened a decline in the morning, oscillated, especially the rebound from 6-8 o'clock, so in this process, the price did not break through from 8-10 o'clock, and it has been sideways, so the probability of a retracement in the US session is very high.
3. The 2650-1 line, yesterday's intraday rise and retracement to the 618 position, the standard 618 in the oscillation is better to make a mistake than to let it go.
Although the 618 position was touched yesterday or sideways this morning, the strength of the pullback is not large, but it is still a sign of oscillation.
Today, it is quite controversial. The daily small cross positive line, according to the previous rhythm, the daily positive line is a continuous positive line, so we still need to see a rebound.
The cross K is also the transit point of the short-term decline, so the European session time is very important.
The watershed 2643 is also very important, which is the key to see whether it will continue to fall.
From the operation point of view, in the morning at 618, the 4-hour is still more, 2651-2 is more, if you don’t participate before 7-8 in the morning, you won’t participate in the second time.
Today, we really need to observe the strength and weakness of the day.
Look at the rhythm of the day’s operation and the layout of the US market.
1. Break 2643 during the day, the US market will pull back and empty, and the support level is 2630-32.
2. If it continues to rise during the day, the daily line is likely to go through a cycle of continuous positive rebound. Today, we will see a pullback of 618. If it is touched, you can short. You can’t double top short.
Intraday short-term operation suggestions:
BUY: 2640, defense 30, target 55-60
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 16 - Dec 20]At the beginning of this week, OANDA:XAUUSD quite strongly from 2,627 USD/oz to 2,726 USD/oz, but then dropped sharply to 2,645 USD/oz and closed the week at 2,648 USD/oz.
The reason why international gold prices increased sharply in the first sessions of this week was because investors reacted to the fact that the People's Bank of China (PBoC) returned to buying 5 tons of gold in November after many months of temporarily stopping buying. reserve gold. Even with the six-month hiatus, the PBoC bought 34 tons of gold this year and remains one of the top central banks buying gold in 2024.
However, gold currently accounts for less than 6% of China's total foreign exchange reserves. This shows that the PBoC's room to continue buying gold reserves is still very large, especially when US-China tensions are increasingly escalating when President-elect Donald Trump threatens to impose very high tariffs on China.
However, after rising to 2,726 USD/oz earlier this week, gold prices once again fell sharply because US inflation remained persistent, affecting expectations of the FED's monetary easing cycle.
While the decision on FED monetary policy will receive more attention next Wednesday, the gold market will also receive important economic data that can impact the FED's monetary easing cycle, such as retail sales, revised third quarter GDP of the US...
📌Technically, the gold price still maintains an uptrend on the Daily technical chart, as the price is still above the EMA89 moving average. However, on the H4 chart, the movement of the moving average shows that the price is accumulating sideways, the resistance area to pay attention to is around the 2725 mark, while the important support zone is around the round resistance mark of 2600. In the coming week Many influential information can cause gold prices to fluctuate strongly beyond this sideways range.
Notable technical levels are listed below.
Support: 2,644 – 2,634USD
Resistance: 2,663 – 2,676 – 2,693USD
SELL XAUUSD PRICE 2751 - 2749⚡️
↠↠ Stoploss 2755
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
