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XAUUSD trade ideas

Gold sideway below 2700 - in DOWN trendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%. ⭐️Personal comments NOVA: sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2700 - $2702 SL $2705 TP1: $2694 TP2: $2688 TP3: $2680 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666. Technical analysis: Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line. At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend. BUY:2660 First target 2680 Second target 2700 Third target 2720
FXOPEN:XAUUSDLong
by David_strategy
3
XAUUSD 3/11/24We have a short bias on gold this week, mainly to establish a better price level in case the market decides to move higher again, based on the daily timeframe gap. This is the first bearish gap in over a month, which indicates a strong chance for a possible sell-off. We’ve marked the lows, and currently, there are no unmitigated areas of demand. Given our bearish bias, this is expected, as previous areas of demand or support are likely to be broken, allowing the price to reach a more favorable level for future buying opportunities. There’s also an area of supply marked above, which could push the price lower. However, we're primarily looking for a short-term sell-off, with a longer-term expectation of reaching all-time highs again, driven by strong fundamentals supporting gold. This pullback is likely a temporary correction in the overall uptrend. Since we haven’t seen a pullback in a while, a correction is ultimately inevitable. Where it will end and turn bullish again is uncertain. This week, our focus is on the liquidity levels marked for potential reactions. Trade based on current price action and follow your plan. Stick to your strategy, manage your risk, and consider the supply area as a possible point for selling into the lows. Follow your plan and stick to your risk.
OANDA:XAUUSD
by rosshayes
2
XAU/USD Analysis: Gold Price Chart Displays Bearish SignalsXAU/USD Analysis: Gold Price Chart Displays Bearish Signals Analysing the XAU/USD chart on October 18, we: → Established a long-term upward channel (indicated in blue); → Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel. Since then: → The gold price rose to the upper red line and the top of the blue channel, → But then experienced a bearish reversal, dropping sharply on October 31 amid economic news. Today, technical analysis of the XAU/USD chart shows several bearish signals, specifically: → Gold has moved into the lower half of the blue channel, crossing below its midpoint—indicating supply pressure; → The $2757 level has once again acted as resistance (marked with arrows); → A bearish "Head and Shoulders" pattern (SHS) is forming on the chart. A central question for November will likely be whether bulls can keep the gold price within the ascending channel. The channel’s lower boundary may serve as a support level. However, it’s possible that, with new developments in geopolitics and macroeconomics, the XAU/USD chart will continue to display price action within a more defined downward channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
1
SUPPORT AND RESISTANCE OUTLOOKIn this analysis we are focusing on 1H time frame for GOLD. I'm looking potentially buy trade opportunity today, by using support and resistance and price action. And we are using volume and RSI indicator. Let's see what happens and which trade opportunity market will give us. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and risk to reward ratio. This is just my analysis or prediction. #XAUUSD 1H Technical Analysis Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
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
OANDA:XAUUSDShort
by Nova-Scalper
1
XAUUSD:5/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2716 Four-hour resistance 2800, support below 2730-16 Gold operation suggestions: Gold was flat in volatile trading yesterday. The price of Asian and European sessions was under pressure at the 2744 mark and gradually weakened. The European session fell back and stabilized at the 2732 mark and rebounded. The US session broke through the 2748 line for the second time and was under pressure and weakened. It finally closed at around 2736. The overall gold price was further under pressure at the 2750 mark and ushered in a suppressed volatile adjustment. From the current technical level of the daily line, the upper resistance is near the 2800 integer mark, and the lower short-term support is around 2716. With the advent of the US election risk event, the market is relatively stalemate. For the time being, it is still mainly short-term fast in and out. The upper pressure is 2750. The rebound below 2750 is still maintained during the day. Continue to pay attention to the gains and losses of 2730. The rapid rebound after the Asian session pierced proves that there is still a certain amount of bargain hunting buying below. We need to be cautious today. Note that 2730 has been tested for 6 times in a row. The support is gradually weakening. If it approaches 2730 again, it is also likely to accelerate the decline. In the face of the US election in the near future, the market volatility may be relatively fast. Investors are requested to pay attention to risk control, stay vigilant and pay close attention to the latest news changes. BUY:2717near SL:2714 BUY:2727near SL:2724 SELL:2750near SL:2754 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDShort
by ActuaryJ
1
XAU/USD 4-8 November 2024 Weekly AnalysisWeekly Analysis: Swing Structure: Bullish. Internal Structure: Bullish. Analysis/bias remains the same as last week's analysis dated 27 October 2024 Price has continued its surge, reaching new all-time highs with no signs yet of bearish pullback phase initiation. The initial indication of a pullback would be a bearish Change of Character (CHoCH), marked by a blue dotted line. Price's ongoing ascent has now positioned CHoCH significantly closer to most recent price action. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold's price has maintained its upward surge after printing a bullish Internal Break of Structure (iBOS), fueled by softer U.S. macroeconomic data and intensified geopolitical tensions. In my weekly analysis dated 27 October 2024, I mentioned that price could potentially reach new highs, moving the bearish CHoCH positioning closer to current price. This shift would create a realistic opportunity for price to indicate the start of a bearish pullback phase. This forecast played out as expected, with CHoCH positioning now significantly nearer to recent price action, marked by a blue dotted vertical line. Following the bullish iBOS, a bearish pullback is anticipated. While price is currently giving very early signs of this by printing a higher high that has brought the CHoCH positioning closer, this is still an indication, not a confirmation of a potential pullback. The first more concrete signal of a pullback would be a bearish Change of Character (CHoCH). Daily Chart: H4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
2
XAUUSDHere is our signal on XAUUSD . Potential long opportunity. As per our last mind, we promised a signal for XAUUSD for everyone. In detail, As price on XAUUSD has made the 50% correction we were scalping yesterday, we now had a pullback and possible continuations to the upside with DXY still correcting from the sudden surge. New H4 should be bullish as well. PARAMETERS - Entry: 2699.906 - SL: 2691.291 - TP: 2717.241 KEY NOTES - XAUUSD last H1 is bullish. - XAUUSD broke our KL (Key Level) 2700. Happy trading! FxPocket
OANDA:XAUUSDLong
by FxPocket
2
XAUUSD Hitting 44 year ResistanceGold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline. Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information. I prefer people read this chart as a good way to set their expectations in case Gold stalls for a while to prevent them from panicking out of this position. Longer term I remain bullish on gold. Especially with Trump the 6-time bankrupt "businessman" being the 47th
FX:XAUUSD
by RealMacro
2
Brothers, my wavy man is here again. Was yesterday’s fuck perfecGold 1-hour level wave count: Accurate analysis yesterday showed that the purple fourth wave correction ended. Every time I grab the bottom or the top, no one dares to say that to me. Accurately grasp the bottom and escape from the top. Gold went up in five waves yesterday, and the expectations were perfect. Yellow 1 wave is completed. The second yellow wave is currently correcting. Pay attention to going long at Fibonacci 0.382-0.5-0.618, and the third yellow wave will start to rise soon, heading towards 2761-2790.
OANDA:XAUUSDLong
by qwekjc
1
2789.8! New gold heights!Gold prices hit a new high in Asian trading on Wednesday as uncertainty over the US election and ongoing conflict in the Middle East boosted demand for safe-haven assets. In addition, the slight decline in U.S. Treasury yields and the weakness of the U.S. dollar further supported the precious metal, outweighing optimistic market sentiment, which typically limits gold's appeal. Judging from the market ahead of the U.S. presidential election on November 5, the upward trend continues. The target price range is 2787-2800 Sell 1: 2787-2789 SL: 2792 TP1: 2785 TP2: 2780 TP3: 2770 Sell 2: 2801-2803 SL: 2808 TP1: 2795 TP2: 2780 TP3: 2760 Buy: 2755-2757 SL: 2750 TP1: 2762 TP2: 2770 TP3: 2780
OANDA:XAUUSD
by xrrsxrrs
XAUUSD 4H Key Considerations for the 2024 U.S. Election High-Level Observations and Zones Dealing Range (12M-3M) and PMH: This range, marked at the top, represents a high timeframe dealing range and a recent swing high (PMH). The upper boundary, around 2,790, coincides with the inducement wave, suggesting that a strong resistance or potential reversal point could be located near this level if the price reaches it. Inducement and Buy Side BSL: Similar to the previous chart, this inducement level suggests a point where liquidity can be captured, potentially triggering a short-term reversal as retail traders get trapped. The Buy Side BSL (Buy Stop Liquidity) above this range marks where buy-side liquidity rests, which could fuel further upside if price breaks through convincingly. Low Resistance Liquidity Run (LRLR): This zone, around 2,745.95, indicates a low-resistance liquidity area where price may move smoothly, suggesting that any breach here could lead to a rapid price movement until encountering the next major liquidity pool. Psychological Level (PSY): This area likely serves as a psychological threshold where traders' sentiment may shift, offering potential support or resistance. Here, it’s positioned near the lower boundary of the recent range. Point of Control (POC) and Volume Profile Analysis: The POC at 2,731.95 represents the price level with the most traded volume in this range, acting as a significant support or resistance. The volume profile shows a high concentration of trading activity around this level, suggesting it’s a key point for institutional interest. Market Structure and Wave Counts Corrective Structure (Elliott Wave): The chart illustrates an ongoing corrective structure with multiple subwaves labeled (w), (x), (y), etc., suggesting a potential W-X-Y correction. The recent downward movement aligns with this corrective wave, pointing to an extended consolidation phase within a larger bullish setup. Projection of the Motive Phase: After the corrective wave completes, the projected structure on the right shows a potential 5-wave upward sequence (i, ii, iii, iv, v). This projected path, indicated by the labeled wave counts, implies that once the corrective wave completes, a motive phase might drive the price upwards to new highs within the current dealing range. Motive Phase Label: The lower right part of the chart points to a "Motive Phase" which suggests that if the corrective structure plays out and holds above the invalidation point, a bullish impulse might start. This phase typically indicates stronger, trend-aligned moves as opposed to corrective, choppy price action. Key Levels and Fibonacci Zones Discount and Premium Zones: The equilibrium (0.5 Fib) is marked at 2,733.89, a midpoint for potential reversion within this corrective structure. The chart labels a “Discount” zone above this equilibrium level, suggesting a favorable buying opportunity for bulls as long as price remains above key support. 0.382 Fibonacci Level (2,731.95): This level acts as a significant retracement target within the corrective wave structure. Positioned close to the POC, it reinforces this level as a critical area for potential buy-side interest if price revisits it. Premium and Invalidation Levels: The premium area is below the 0 level (2,724.70), which aligns with the invalidation point. A drop below this point would negate the bullish setup and signal potential downside continuation, making it a key reference for managing risk. Strategic Levels for Trading Decisions Bullish Entry Zone: The POC and 0.382 level serve as attractive points for entering long positions, with tight risk management below the invalidation level. These levels, backed by volume and Fibonacci retracement, provide a favorable risk-reward setup. Upside Targets: The primary target for bullish continuation is the Buy Side BSL and Dealing Range high at 2,790.08. If this level is broken, further upside toward the psychological level around 2,803.68 (near the top of the chart) could be expected. Potential Triggers for Reversals: If price hits the inducement level near 2,790 and shows signs of rejection, a short-term reversal could occur. This would provide an opportunity for traders to either exit long positions or potentially enter shorts with stops above recent highs. Additional Notes Volume and Market Sentiment: The volume bars show higher activity at key reversal points, especially during wave transitions, highlighting areas of potential institutional interest. Structural Patterns: The corrective nature of the current price action, combined with the projection for a motive phase, indicates that the market is consolidating within a bullish trend, awaiting a breakout. In summary, this chart outlines a bullish structure with corrective waves currently in play. Traders may look for long entries around the POC (2,731.95) or upon the breakout of key liquidity zones (2,790.08), targeting the dealing range highs. However, the invalidation level at 2,724.70 must hold to maintain this bullish outlook.
FX:XAUUSDLong
by spacedevil
2
Gold rebounds and corrects, waiting for non-agricultural dataIn the early trading of gold, short (buy decline) in batches, 20% of the position, stop loss 6 points, target 2745-2730, break to see 2720 Gold callback near 2718-2720, long (buy rise) in batches, 20% of the position, stop loss 6 points, target 2735-2745, break to see 2750 Currently, the price has fallen below the upper and lower lines, but it did not close below. The key point is whether it can continue today. Today is the first day of the monthly line change. There is a large gap. The probability of covering this month is very high. The four-hour rebound at the lower track support, the overall break Bottom, the hourly chart has a big negative line that broke the lower line and the acceleration line downward. It is currently in a weak correction. Whether it can recapture the lower line and the acceleration line is the key. If it is recaptured, it will return to the second highest point of the second decline last night. So today we will focus on two points, one is 2758, and the other is 67. The support below is still 30, and the second is 2718-08. The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space for gold will continue to open. Gold will rebound under pressure at 2758 during the day. It will continue to go short at highs below 2758 in the European session. Go short near the current price of 2755. On the whole, today's short-term operation strategy for gold is to mainly go short on rebounds and to go long on pullbacks. The short-term focus on the upper side is the 2758-2760 resistance line, and the short-term focus on the lower side is the 2738-2740 support line.
OANDA:XAUUSD
by Angela-Lilly
Scalping ! XAU ! Trendline Recovery 2678SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Federal Reserve’s policy decision on Thursday is in focus, with markets widely anticipating a 25 basis point rate cut, which could support gold by lowering the opportunity cost of holding non-yielding assets. According to the CME FedWatch Tool, there is a 98.1% chance of this quarter-point cut in November. ⭐️Personal comments NOVA: Trendline + DOW , Gold price recovered briefly - for the upcoming decline to 2606 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2668 - $2670 SL $2673 TP1: $2665 TP2: $2662 TP3: $2658 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
Gold on possible Bearish cycle / #2,600.80 TargetFundamental analysis: The Price-action swings currently inside a #2,217.80 - #2,732.80 Neutral soft Rectangle on Hourly 4 chart and comprehensibly Bearish values across all Hourly and Minute charts. I am uninterested on the extra Risk involving Trading outside my breakout points as I am already on Selling order. It is interesting to see however that Daily chart although isolated within Descending Channel (started on recent Intra-day slide) looks more like a Medium-term Bearish reversal especially as long as the #2,752.80 - #2,762.80 Resistance zone stays intact (the Neutral to Bearish High’s / Low’s is the first signal in support to this argument). This is further backed up by the fact that today’s session observation on how Hourly 4 chart appeared to form strong Double Top formation is now Technically seen on the Bearish shift on most of my indicators. This means that most of the Buyers started Profit taking process and more Selling pressure will be visible also Fundamentally since Trump won the Elections. This will add more confidence on the markets (which I mentioned on my recent remarks) and Technically as well Gold might deliver another #100 - #150 point decline ahead. My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold.
OANDA:XAUUSDShort
by goldenBear88