xauusd 11/3/2023 next predition time make $$$$$$ on xauusd us30 gbpusd eurjpy etc...... lest make profit
XAUUSD trade ideas
Gold Intraday Trading Plan 11/4/2024This is my prediction for gold today. As explained in my weekly review, i expect gold to form a head and shoulder pattern.
Therefore, I expect gold to rise to 2745 then drop to 2720 and reverse again in US trading session to 2745.
I will look for the trading opportunity at the indicated key levels in the chart.
XAUUSD SELL PROJECTION Gold XAUUSD gas been bullish for a while, and we can see a breakout from The channel and is forming rectangular trend, so I expect price to hit the supply zone and go short
Bullish in Gold from herefrom my MAP Strategy GOLD will be Bullish from here
MAP strategy is my own way if you see carefully in the chart and the line which price moves between them
Gold Weekly Summary and Forecast 11/9/2024Remember I did predict head and shoulder formation last week and it did formed nicely.
However, it didn't touch 2758 high though.
Confirmation for the medium bearish trend formation:
1. Head and shoulder pattern
2. Channel broken
3. US election
I will engage mostly selling next week.
1st target 2610 and 2nd target 2555.
There could be some rebound at 2610 but should be only temporarily.
Let's see what the market will give us.
Happy weekend!
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%).
According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices.
On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%.
The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace.
Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday.
In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000.
🔥 GOLD BUY 2683 - 2681🔥
✅TP1: 2690
✅TP2: 2700
✅TP3: OPEN
🚫SL: 2675
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.
sell from this levelin NFP if price break the m15 neckliine and retest this level
we can try for sell untill 2600
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates.
As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days.
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XAUUSD XAUUSD ( Gold / U.S Dollar )
Completed " 125345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line
Fibonacci Level - 78.60%
Xauusd-DIf it breaks the upward trend line in daily time, we can enter the downward trend
The primary target is the size of a flag
Daily XU & GU Nov 2024Hello Traders! Markets were hot last night and the Asian Model played out for several pairs.
Analyzing the Factors Behind the Recent Gold Price Decline
A Post-Election Dip
Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment.
Why Did Gold Fall?
1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal.
2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities.
3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets.
Is More Downside Ahead for Gold?
While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory:
1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal.
2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold.
3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices.
Technical Analysis
From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly.
Investor Strategies
Given the current market conditions, investors may consider the following strategies:
1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility.
2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation.
3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs.
4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk.
In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
Gold Sell Strategy: Targeting Profits at 2737 and 2730, with a DSure! Here's your translation with a more detailed explanation and key points highlighted:
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**"I have analyzed the trading chart today and set a target for gold sell. My first profit target is **2737**, and the second profit target is **2730**. Even if the price touches **2744**, it will eventually come down."**
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### Key Points:
1. **Trading Analysis**: You’ve done your analysis on the gold chart for the day.
2. **Sell Target**: Your first profit target for selling gold is at **2737**, and your second target is **2730**.
3. **Price Movement Expectation**: Even if gold briefly hits **2744**, you believe the price will eventually drop and come back down.
The idea here is that you're anticipating a downward movement in the price of gold, with two specific levels where you expect to take profit. You're also considering the possibility of a slight upward movement, but ultimately, you believe gold will fall.
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Does this breakdown and translation meet your needs?
Gold Intraday Trading Plan 11/6/2024As predicted, gold did touch my support level and bounce to 2648.
I am expecting 2648 broken today and price should at least touch 2758, potentially 2772 before a new leg down.
Let's see what the market will give us.
Please be reminded today is election day. The market will be very volatile.
XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish.
From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday.
However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty.
Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
GOLD SHORT OVERVIEW (4H UPDATE)Overall bearish on Gold in the long term.
We have so far seen an impulse move down (Wave 1), now waiting for a corrective move (3 sub-waves) towards Wave 2.
XAUUSD View!!Gold's rally may have run its course, UOB Global Economics & Markets Research's Quek Ser Leang says in a research report. Last week, gold formed 'Doji' pattern on weekly candlestick chart, which is typically perceived as a bearish signal, the markets strategist says. Crossover in weekly slow stochastics from overbought territory suggests downside risks are building. On the daily chart, gold broke below the three-month rising trendline support two sessions ago, with bearish divergence on daily MACD. However, any pullback will probably be choppy and potentially drawn out, with initial support at 55-day exponential moving average, which is now at $2,636/oz, the strategist adds. Spot gold is down 0.4% at $2,694.69/oz.
XAUUSD long term So guys here is my personal analysis on gold weekly time frame
There’s 3 major levels(2472-2295-2185) and 1 minor level (2607)
So we can say trump won the election and he promises to reduce the inflation rate
So if gold breaks the minor level we can easily see the market at 2472 for the short term and at 2295 med term and also we can see a retracement at 2185 (0.618 Fibonacci retracement)and it can then resume its bullish trend
Gold is ready for downtrend Hey fellow traders, this is my view on Gold for the next coming months. We might revisit early 2000 and that should for last for about 6 months
XAUUSD View!!Spot Bitcoin ETFs Bring In No New Money, Only Recycled Investments
In a series of X posts on November 2, Bianco claimed the Spot Bitcoin ETFs despite their impressive inflow record do not attract any new investments to the underlying asset. Firstly, The analyst applauds the performance of these institutional funds some of which rank as the best-performing ETFs of 2024 following their launch in January.
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744.
As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first?
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
