GOLD Will Keep Falling!CAPITALCOM:GOLD is falling down
After the bearish breakout
Of the key horizontal level
Of 2608 which is now a
Resistance and we will be
Expecting a bearish continuation !
XAUUSDK trade ideas
XAUUSD Sell position
The moving averages are curving downwards and as of now, Gold has broken the 2610 zone. So what do we expect? Possible buy zones of previous ATHs of 2586 and 2561.The latter was set during the Purchaser Price Index (PPI) on September 12th.
XAUUSD Plan day (12/11/2024)
SET UP GOLD PRICE:
Sell GOLD zone: $2642 - $2643
Buy GOLD zone: $2586 - $2589
Buy GOLD zone: $2561 - $2563
Gold Bearish Trend Expect gold to continue its decline, just wait for confirmation of the formation of wave 2 to open a sell position, make sure the price touches Fibo 0.50 or 0.618 for wave 2
Gold Bearish Trend Analysis: New Bottom May Be FormingWelcome to all gold traders!
After a volatile week with a series of news, today's gold price has gradually shown a downward trend. At this time, gold is fluctuating around the 2670 threshold and has not yet found the momentum to escape the downward trend.
Many people must be wondering: Why did the gold price drop so sharply?
Regarding the international market situation:
The main reason for the recent gold sell-off is the strengthening of the USD, which increased sharply after a series of remarkable economic news. In particular, bond yields increased due to concerns about new tax policies and tax cuts that could push inflation back. Investors reacted to the possibility that the Fed would maintain tightening policies for longer, putting great pressure on gold prices.
Gold Technical Analysis and Forecast:
On the technical chart, gold has broken below both the 34-day and 89-day exponential moving averages (EMA), which is a clear signal that the downtrend could continue.
Currently, gold is hovering around the support level of 2665, while the nearest resistance level is at 2680. If the support level of 2665 is broken, there is a high possibility that gold will continue to fall to lower levels, such as the bottom of 2643 and even deeper.
GOLD Still Looks Bearish. Possible ABCD Pattern Forming...Price is trading below major QP 2700. If this level can hold as res, we will be looking to sell.
- Multiple rejections at the 62 fib
- Shooting Star pattern at major QP
- New LH
- Bearish divergence
Waiting for more confirmation...
XAUUSD Market Structure Analysis on 15 Minute & 4 Hour Timeframe4H swing is bearish => current is pullback
M15 swing is bearish.
The main trend of the 15-minute and 4-hour timeframes is down, so we can look for selling opportunities in this area.
GOLD - there is only single area? holds or not??#GOLD... perfect move as per our analysis in Tokyo session and congrats to all.
now we have again single area that will play key role in next move that is 2613 one n only.
keep close that area because if market hold it in that case you can see a further drop towards expected bottom.
dont be lazy here.
good luck
trade wisely
Gold’s decline is not over yet, so be cautious when buying botto
On Wednesday, as the US CPI rebounded as expected in October, the US dollar index remained strong, hitting a new high this year at 106.77. US Treasury yields soared collectively, with the benchmark 10-year US Treasury yield closing at 4.468%; the two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.294%.
Spot gold fell for the fourth consecutive trading day, hitting a daily high of $2,618 after the release of the CPI data, and then continued to fall. As of now, the lowest point has reached 2,555.
First of all, from the current 12-hour chart of gold:
It can be seen that the sequence 7 signal has appeared, which proves that gold is still in a downward trend.
There is no momentum to stabilize upward at present.
The first support position below is currently around 2,550.
If it falls below 2,550, the market may directly touch the low point near 2,520.
From the hourly chart:
It is a direct drop of $100 from around 2,710.
If we calculate from the 2620 level last night, and copy the previous market trend and drop by 100 US dollars, then it is around 2520.
The probability of gold breaking below 2550 is very high. Once it breaks below here, it will target 2520.
For the current operation, if it breaks below 2550 directly, then I think we can directly chase it and look at the 2520 level.
If 2550 is not broken for a short time, then wait for the rebound to around 2665 to enter the market and short.
On the contrary, if you want to go long, you need to wait until 2520.
11 Nov - Down over the long term Looks like we will have a bit of ranging short-term, before a longer-term down. For now I believe we could reach 2715/20 before the down trend will start
Welcome back donald trumpIn this chart, I have conducted a technical analysis of Gold Spot against the U.S. Dollar (XAU/USD) on the 4-hour timeframe. The analysis highlights key areas of interest:
Supply Zone: Marked in purple, this region represents a potential area where selling pressure could resume. Historically, prices have shown resistance here, suggesting that traders should monitor this zone for possible reversals or selling activity.
Retracement Levels: I've used Fibonacci retracement levels to assess potential pullbacks. The 0.5 (2,696.90) and 0.382 (2,684.38) levels are particularly notable as possible points where the price may find support or resistance.
Target Area: Indicated by the arrow pointing downward, this is the level where I predict the price could head next if the supply zone holds and selling pressure intensifies. This represents a personal target based on my analysis and not a trade signal.
"Hope for the Best" Label: Positioned just below the supply zone, this label reflects the sentiment of uncertainty as the price approaches this resistance area. It serves as a reminder that market movements can be unpredictable.
Welcome Back Donald Trump: In a broader context, the market may also be impacted by political events. With Donald Trump winning the 2024 U.S. presidential election, there could be shifts in economic policy, which might influence precious metal markets and investor sentiment in the coming months. Keep an eye on these macroeconomic factors as they may play a role in future price actions.
This analysis is shared solely as my interpretation of market data and is not financial advice or a trade recommendation.
Headed for SupportGold seems to have broken a consolidation phase, and price action seems to be headed to the downside. Immediate barriers below, will be potential regions of interest for a bullish pullback. A break below of the support structures of 2658 and 2600 will likely spearhead selling continuation as the yellow metal develops. Alternatively, finding support on these barriers the pullback may potentially be established.
Could the Gold reverse from here?The price is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and is also slightly below the 78.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,589.18
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement and also slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,555.36
Why we like it:
There is a pullback support level that aligns with the 127.2% Fibonacci extension.
Take profit: 2,641.60
Why we like it:
There is a pullback resistance level.
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Gold-Trade Plan 08/11/2024Dear Traders,
According my last Analysis , Gold touched 2700 Area,
i expect price will Start Downward Movement from 2 zone...2700 , 2725
According to Correction of DXY , i expect price possible to Collect liquidity and start Downward movement to 2640-2600 Area !
Dont Forget Like&Comment please !
Regards,
Alireza!
GOLD UPDATE ⟶ MAXIMUM GROWTH HIT – IS A DROP COMING?Hey everyone! 👋
In my opinion, #GOLD has experienced a lot of growth and has already hit its weekly and monthly targets, so it might be due for a correction (drop) 📉. If it does continue to grow, it might only reach the second monthly target at 2811.140 before starting a drop.
**My short-term growth plan:**
Check out the chart on the left.
In the 15-minute time frame, and considering the recent gradual drop, #GOLD could start another growth if it breaks its daily resistance (2782.823) on the 15-minute time frame 📈.
This growth could continue to the following targets:
- **Target 1:** 2794.722 🎯
- **Target 2:** 2801.968 🎯
- **Target 3 (final):** 2811.140 🎯
**Stop-Loss for the growth scenario:**
Based on the 4-hour time frame - check the chart on the right.
Given the maximum growth #GOLD has experienced, if the price drops before confirming the growth condition in the 15-minute time-frame, and a cross occurs in the MACD indicator on the 4-hour time-frame (confirming a triple divergence), a drop will begin from this area without any further growth ❌.
This drop could be significant and, in the first step, could reach the following targets:
- **Target 1:** 2738.165 📉
- **Target 2:** 2688.395 📉
- **Target 3:** 2597.415 📉
XAUUSD: Today's Strategy—Buy LowFollowing yesterday's significant decline in gold prices, short-term indicators show a strong rebound potential. Today’s strategy is to buy at lower levels and wait for prices to rise above $2,640, at which point we can adjust the approach based on market movements. The detailed strategy was shared during yesterday’s session, so please refer to it if you need clarification. If you have any questions regarding trades, feel free to leave a comment, and I’ll be happy to assist.
Will XAUUSD Sell This Week?I'm eyeing a sell opportunity in gold (XAUUSD), targeting the 2660 level for an ideal short entry. The price is expected to dip towards 2630, a significant support zone, where a potential reversal could occur. If the market finds strength there, we may see a bounce as buyers step in.
Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
Gold --> Break out of channel and test low. Next target?OANDA:XAUUSD is in a strong downtrend after leaving the parallel channel. The price is preparing to update the local low. But! There are positive nuances from the news....
According to CME's FedWatch tool, traders are forecasting an 82% chance of the Fed cutting interest rates in December, up from around 58% before the data.
However, investors believe that the new presidency could cause the Fed to pause its easing cycle if inflation spikes after the expected new round of tariffs, which could have an overall negative impact on XAU.
Technically, gold is giving hints of a possible reversal by reacting to key support at 2550. In addition, H1 is starting to show a local down channel. Ahead of the key figures (PPI) and US weekly jobless claims, prices may still test these support areas, but then the market may reverse and find resistance, after which we can expect prices to start to decline gradually until the end of the market-wide euphoria....
Gold Market Update:Mitigation Between $2619-$2627 as Supply ContGold is currently mitigating between $2619 and $2627, supporting a continuation of supply as the DXY market remains firm. This level may reinforce bearish pressure, with potential for further downside unless demand strengthens significantly. ... follow for more insights ... comment , like and boost idea
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-MINUTES TIMEFRAME CHART
XAUUSD CAPITALCOM:GOLD touched the resistance level of 2,613.00
General outlook
XAUUSD has been under buying pressure within the last hour. The pair moved to the resistance level of 2,613.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,608.
Set your stop loss at 2,615. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,588. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
OANDA:XAUUSD CAPITALCOM:GOLD
Gold let's go ( Repost )- if we just analyze FA basically, the world political climate, fear of wars, Covid, Crises, inflation, Gold will always remains for the old generation the best store of value.
- i don't show indicators to keep the chart clean but Gold is turning green and extremely bullish on Monthly Timeframe.
- Gold made a constant flat accumulation between 2021-2022.
- BB starting to be thinner ( sign of a move ).
- This is a Medium/Long Term investment ( 2023 ).
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Trading Parts :
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Buy : Now
TP1 : 2300$
TP2 : 2500$
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- i will post my old gold analysis in comments.
Happy Tr4Ding !
GOLD A BUY ZONE FOR YEAR 2025 RALLY TO 2900$HELLO TRADERS
As i an see gold has just retrace after creating a |ATH 2790$ and now successfully retraced to 2665 zone which we draw in our previous drawings and now created a validation confirm of 3rd test to trend line and with fibo level it had tested 0.50 golden levels also we draw another channel on this chart it is trading in uptrend and investors are looking for the 3000$ per ounce in 2025 easy TP we combine both technical and fundamental for more accurate confirmation have a previous outlook on our posted charts from since April 2024 till now ..
Trading is an Art learn and earn from markets easy money Friends Geopolitical issues around the Global running conditions is really bad. If some 1 is thinking Trump can Solve these War issue, then it looks impossible in my view angry IRAN RUSSIA NORTH KORA SUDAN GAZA LEBONAN and other many regions.. We can see a very bad economy conditions of US which need years to reset Bricks in the Game now for more De-Dollarizing and we can see how banks and hedge fund manager Smart money Accumulating the Gold from the day Wars going on and escalating more and more day by day .... Trump Need some Serious actions to change his economy which is hard to seem.
Friends its just a trade idea with very low risk and looking for a bigger reward share ur thoughts with us it help many
Stay Tuned for more updates if trend gets change bez trend is ur friend
XAUUSD - market structure this is a very simple setup for long XAUUSD, if price go up and activate trade then this is good. but if price hit first time SL before activate trade... no longer valid
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
