The market is showing signs of a rejection What im seeing is the market pushing to create zones so that sellers can join I will be looking to see what happens at the fvg
XAUUSD trade ideas
XAUUSD is forming a phase of correctionDisappointing NFP data was offset by hot wage inflation data. The U.S. labor market report failed to deter dollar buyers as it had limited impact on market pricing in Fed meeting expectations. Which had a negative impact on the price of gold...
All eyes are now on the US presidential election on November 5, and the outcome of the Fed meeting on Thursday. Markets believe that Trump's policy will put upward pressure on inflation, bond yields and the dollar, while if Harris wins, the dovish policy will continue.
Technically, traders are taking a wait-and-see approach. The price is forming a range, and most likely gold will trade inside this channel in the near term
Resistance levels: 2745, 0.5 and 0.7 Fibo, 2758
Support levels: 2731, 2724, 2713
Came a little short term but heavy BAIS is still bullish.Gold price closed on 2735 seems NFP Hiten hard previous day. As i shown in my chart market maybe reject from 2730-33 zone but if not then looking for 2720-24 in extension. Alternative scenario will hit 2750-55 or further and also its a first day of the week so Consolidation in Place
may also possible.
Regards
Asad iqbal khan
Neuron Markets
Buy gold ideaGold has formed 3 necklines, shifted a trend and reversed to take liquidity, i see gold going up and breaking fibo level, retracing 3 times and then hitting tp.
Xauusd sell Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race.
Gold now sell 2660
Support 2630
Support 2595
gold trade setupthis is gold trade setup in downside. how gold react in down side and how to go up that is important.
XAUUSD-ABCD Bearish Pattern, gold price may fall to 2320XAUUSD-ABCD Bearish Pattern, gold price may fall to 2320
Hello, friends, Gold hit a new high and in the process, It seems Gold has formed an ABCD pattern indicating a bearish Swing setup. From the pattern, we can expect the target to be 2320.
TP and SL are marked
Do not over risk
Do your analysis before taking this trade
Good luck to you
Can we see XAU at USD2760 today? XAUUSD starting it's bullish moment, crossing the halfway mark of the uptrend channel, currently at USD2749.25.
While the USD Presidential Election is ongoing, Gold is building up the bullish momentum. If the current candle can close above the previous high (USD2750.09), and maintaining above the upper region of the parallel channel. There may be a good chance we'll be able to see XAUUSD somewhere between USD2760.00 to USD2765.00.
I may be wrong, but still hopeful that will be the case in the next few hours before the election concluded.
DOWN TRENDclosed below the higher time inverse FVG which leads to a possible downtrend, going down the smaller time frame it is also in a down trend and so our bias as been declared. Then an order bock was formed on the 30mins, waiting for a reaction to the downside off the order block or the higher time frame inverse FVG
Gold can still flyAs we have observed gold has gotten instant reversal at 265* from support area. That support area was formed on 10 OCT_ to 15 OCT means it is strong reversal area that will push gold up so my target is 2700.
Gold Long Term AnalysisSo I thought I'd post some thoughts for the first time on TradingView. As we've all heard a million times; 'the trend is your friend.' Given the price movement in Gold in the last week, I thought I'd zoom out on the weekly chart for Gold to see where last week's results sit with the longer-term trend.
I've been using the adaptive trend finder from Julian_Eche, I like this tool because it provides some empirical rigour around identifying the trend along with some statistical testing to determine the strength.
Whilst gold has been in an uptrend since ~Sept '23 we can see that the current trend was established in over the last 20 weeks with a pearson R squared of over 0.98 suggesting that the weekly close is adhering very closely to this established price channel. Last week's close appears to have been a result of some mixed economic news and profit taking however, the trend is still being respected. Given the mixed news from employment data and the PMI figures last week following higher than expected inflation data it appears that the Fed is still likely to cut 25pbs at the end of the week. The US presedential election result also looks to remain tight and it may take days for the result to be known adding uncertainty for markets. Gold ETFs have also seen substantial inflows this year as investors pour into the safe-haven asset which have supported the price.
I believe that all this supports higher prices on the precious metal in the short to medium term and the intra-week movements seem to have respected established channel so far.
DeGRAM | GOLD the price has correctedGOLD is between trend lines under an ascending channel.
The price has reached the support and dynamic support.
The chart maintains an ascending structure.
We expect growth.
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GOLD W Closure Very Bearish , Easy Short Setup To Get 500 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD CONFIRM SIGNALThe current situation of gold is that it is stuck between the zone
If it break and close below our support then we can take sell to 40,100pips and beyond than that
OR IF
Its break our resistance then we can take catch 50,100 and 350 pips buy easily
SO GOOD LUCK EVERY ONE
The Trump effect is over - Gold is back on the upsideGold (XAU/USD) came under heavy selling pressure ahead of yesterday's market action, falling to near 2,650, a recent low. The dollar rallied strongly after Republican candidate Donald Trump won the US presidential election to become the 47th president, triggering a sell-off in gold.
Concerns about deficit spending and expectations that the Federal Reserve will be less aggressive in cutting interest rates have also pushed up US Treasury yields and shifted investor interest away from non-yielding gold. In addition, the risk appetite shown by the strong rebound in US stock futures suggests that gold will also continue to fall.
However, with the change of the Federal Reserve's interest rate cut expectation in November, the gold price will still have a certain rebound.
From the current point of view, before gold did not fall below 2650 points, gold this wave of Trump effect decline has ended. Therefore, in the post-market operation, I recommend that you keep an eye on the situation here, if it can stabilize above 2,650 again. Then, it is possible to rely on 2650 positions or more than 2650 to enter the long. Keep looking above 2700.
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift.
1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.
TAYOR.
Safeguard capital always.
Yaqoub-proThis chart shows a strategic approach to trading gold (XAU/USD) by setting multiple take-profit (TP) levels and a stop-loss (SL) to manage risk and maximize profit. The entry price is set at 2666.1575, with three predefined target profit levels: TP (1) at 2663.76, TP (2) at 2661.36, and TP (3) at 2658.96. Each TP level offers an exit point that secures incremental profits if the price moves in favor of the trade.
A stop-loss is positioned at 2668.56, limiting potential losses if the market moves against the trade. Additionally, a market session indicator shows which trading sessions are active, highlighting Sydney as active in this example, with trend and volume data for each session. This setup aims to provide a structured risk-reward strategy, allowing the trader to capture profits at different levels while maintaining a disciplined approach to loss management.
$XAUUSD Gold Analysis doneTVC:XAU Gold Analysis done
Gold is at -0.5 fibonacci level (2700 - 2800$ per ounce)
Gold investors from 2015 to 2019 that bough Gold between the price ranges 1000 -1300$ per ounce are begining to sell off their positions
A over extention of the chart will be at -0.618 fibonacci level (2900 -3000$ per ounce)
Buying Gold at these levels can be risky...use tight stop losses and little take profits
Xauusd going short in my opinionTapped 4H FVG and got rejection twice, US Elections etc i think avoiding trading is best for few days and i am not a financial advisor etc do your own research before making any decision
Gold breaks 2,800Gold Amid US Election Results
Today, the US dollar is showing slight weakness across the currency board as the market focuses on the US election results. Experts believe it might take at least a few days before there is a clear winner.
Gold, on the other hand, is in a strong bullish trend and tends to make unpredictable moves, especially when the market is uncertain about USD strength.
The time it can take for the election results could allow gold to rise further and dominated by bullish volume, as indicated on the chart.
Gold's decline isn't overGold technical analysis: at present see this round of gold decline has not ended. It's just down nearly $150 from its all-time high this morning. Short - term need time to change the short - term rebound correction. The completion of the correction will start the decline again. Yesterday, international gold prices fell from 2,749 to near 2,650, a one-day drop of $100, perfectly replicating the market of the last election in 2020. If this pattern holds, there is theoretically at least $100 left to fall after the next two days of the rally. Then it will be more dangerous to rush to the bottom.
From the post-close structure, the daily level adjustment continued, and triggered the weekly formation of the evening star figure. Once the weekly adjustment also unfolds, the downside space and time will be extended. As far as 1 to 2 months is OK, as far as 3 to 4 weeks at least, in space, the rising band since 2286 should be around 2600 if the 38.2% Fibonacci retracement is taken. Let's focus on the 2620/2600 region. If 2600 breaks again in the later period, it will continue to fall to the next target 2530 line. But whether 2600 breaks the 2620/2600 area or not is bound to have a big repeat.
So now I think the big concern for everyone is where is this rebound going to go. I personally would prefer a rally to around 2680 at the moment. As for whether it will break 2680 also need to see according to the market in the past two days. Even to the 2680 line, of course. Expect a big probability next week. At present, in the 4-hour level trend of price decline on the more technical form also follow the faster, the current K line continues to pressure short cycle average to maintain weak operation. Hour level after the opening fell below the early row support band, short-term trend to pay attention to whether there is a rebound after the second decline trend. Early gold 2662 line layout empty order, as scheduled to fall 2643 line harvest a wave, now 1 hour figure 2667 line resistance, here is just the downward trend line pressure. Here CAN'T PASS, SHORT - term STILL MAY be repeated!! In general, today's gold short-term operation ideas suggested to rebound short, supplemented by correction to do more, the above short-term focus on 2668-2670 first-line resistance, below the short-term focus on 2600-2605 first-line support,
11.7 Gold Operation strategy reference:
Empty single strategy:
Strategy 1: gold morning 2667-2670 near the batches of two ten-point positions, stop loss 6 points, the target 2640-2620 near, break to see 2605 line;
Multi-single strategy:
Strategy 2: gold callback around 2600-2605 in batches to do more than two-tenths of a position, stop loss 6 points, the target around 2615-2625, break to see 2640 line
