Gold trading insights, 11-NOV-2024Gold trading insights for today: Explore our zones for informed decision-making.
XAUUSDK trade ideas
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bullish CHoCH indicating bullish pullback phase initiation.
Price has reacted from premium of 50% established internal range.
Intraday Expectation: Price is expected to weak internal low priced at 2,643.355
Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase.
Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high.
Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS.
Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist.
M15 Chart:
XAUUSDi'm envisioning such a path for gold in 5min time frame. if it breaches the small box and touches the box at the bottom (so called demand zone), and then return back sharply to the top box, I will enter a long for a TP-1
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
XAUUSDHEY GUYS , I'm back with a bang!
Expecting a restest at $2579 then i reckon a continuation of our fall after breaking the resistance zone $2547 , my first TP $2510 , TP2 $2467 , TP3 $2433 there and then we will analyze further and send updates on the comment section..
Remember we are not fully falling today , the waving ain't that strong so atleast expect to hit the TP2.
7k usd profit hit today im still holding to see this HS play outCan someone explain to me why gold is still going down?
ArmanShabanTrading
3 hours ago
TheSecondGambler, Gold is currently under pressure due to a combination of factors:
Strengthening USD: A stronger dollar often weighs on gold since it makes the metal more expensive for foreign buyers.
Reduced Demand for Safe Havens: With increased market optimism and a shift toward risk assets, the demand for gold as a safe haven has decreased.
Interest Rate Expectations: Market speculation around delayed Fed rate cuts or even rate hikes is reducing the appeal of non-yielding assets like gold.
These combined factors are driving the bearish momentum in gold prices. Let me know if you’d like further clarification!
Captainobvious5454
in 11 minutes
ArmanShabanTrading, dont forget btc becoming an inflationary asset that rivals gold once trump assumes office and allows banks to hold btc!
so we can see gold decreasing in market cap while btc market is going up literally investors already reallocating thier money.
LOD BUY OPPORTUNITYWith it being close to end of day and Gold having expended so much energy in its fall we see the end of day low coming to form on the 5m demand zone. We will be tracking each candle that closes in it til we have a bullish break in the zone!
xau/usd DISCLAIMER: I am not a financial adviser. those videos and posts on my channel are for educational and entertainment purposes ONLY. I'm documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility .
Gold 4 hour level wave countGold fell in five waves from 2790 to 2689 last night. According to the characteristics of the waves, five drops and three rises will inevitably occur at key positions. The rebound started at 2600, where institutional orders were bought last month. Whether it can be considered the end of the fourth purple wave correction now, we still need to observe the reaction of the rebound to key positions. 1. If the rebound effectively breaks through 2704, then it is regarded as the yellow WXY wave correction and is over. Later, look towards 2900-3000. 2. If the rebound is not strong enough to effectively break through 2704, and there is an action to clear liquidity at the top, it can only be regarded as a yellow ABC wave. If you don't effectively break through 2704, there will still be a yellow C wave falling. Wait for the yellow C wave to end before buying.
Gold Short-Term Bearish SetupGold experienced a significant $200 drop, forming a clear five-wave decline that hit its downside targets. A bullish engulfing candle and a Tweezer Top pattern have emerged, indicating a potential upward rebound in a corrective wave targeting one of these levels: 2665, 2690, or 2715. Gold might dip again before reaching these targets, but as long as it does not close below 2589, this outlook remains valid especially if gold surpasses 2627. This level would serve as the strongest signal for an upward rebound in wave or .
Gold Intraday Trading Plan 11/13/2024Gold is now in medium bearish trend. However, from 8 hrly TF, it's now on the 5th leg of Elliot wave. We could see a initial price drop today followed by quick reverse back after CPI data release.
I don't have a good level for price to bounce from. Let's see the PA on lower TF then.
GOLD: Waiting for the CPI release!After the recent breakdown of the critical $2,600 threshold, Gold (XAU/USD) has regained ground, reclaiming this level despite the persistent strengthening of the US Dollar and rising US Treasury yields. However, technically, XAU/USD shows bearish potential: on the daily chart, the price has dropped further below the 20-day Simple Moving Average (SMA), which is trending downward. Technical indicators, while slowing their descent, remain deep in negative territory, with no clear signs of reversal or interim support. Fundamentally, Gold is hovering near $2,600, awaiting significant US economic data and pressured by the strong demand for the Dollar, bolstered by political tensions in the US and Europe, including the escalating political crisis in Germany and weakness in Asian and European markets. Investors are closely watching for the October Consumer Price Index (CPI) data, due Wednesday, which could fuel further speculation on the future of US economic policy.
Gold confirm buyFollowing the early breakdown of the key $2,600 mark, prices of Gold now manages to regain some composure and reclaim the $2,600 level and beyond amidst the persistent move higher in the US Dollar and the rebound in US yields.
GOLD SHORT BUY MOOD VIEW
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XAUUSD. Where to wait for the buyer's resumption?Hello traders and investors!
The price of gold is correcting. Let's take a look at where a reversal of the correction might occur for potential buy opportunities.
On the weekly chart, the last impulse started from the level of 2604.39. The key bar of the impulse (the one with the highest volume) is at its base. Currently, the price is within the range of this bar, but I don't see increased volumes on the daily timeframe. On the contrary, the volumes of the last three days are decreasing. Is there no buyer? We are waiting for the price to interact with the 2604.39 level, where a buyer might appear.
The next interesting range for a potential buyer resurgence is 50% of the last buyer's impulse on the monthly timeframe, which is at 2538.5.
Good luck with your trading and investments!
Still weak this week, for analysis requires patienceI suspect gold will decline to the next Sapport site. It is possible that it will rebound briefly and make the next decline this week. I need research for that it will be to the site. You need to do research to calm down
GOLD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the GOLD pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 2,789.654 level.
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Gold next moves2676
2688
2698
These are possible moves for gold.
Use SL as per your risk methodology
This is not a buy/sell call.
GOLD BEARISH BREAKOUT|SHORT|
✅GOLD made a retest
Of the broken support
And we are seeing a bearish
Reaction so we will be
Expecting a further move down
SHORT🔥
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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!
GoldXAUUSD ( Gold / U.S Dollar )
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 78.60%
