A break of the key Fib level could bring in some more GOLD salesIntraday Update: Gold has probed the 61.8% Fibonacci retracement level and a break of lows (today) would put channel support in play next 2520's.
XAUUSDK trade ideas
XAU/USD 11-15 November 2024 Weekly AnalysisWeekly Analysis:
Swing Structure: Bullish.
Internal Structure: Bullish.
Analysis/bias remains the same as 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 repositioned significantly nearer to recent price action subsequently printing a bearish CHOCH.
Price is now trading within an established internal range.
Daily Chart:
H4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/Intraday expectation remains the same as analysis dated 08 November 2024.
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:
Gold MonthlyTwo big roads in the path of gold traders While from a technical point of view, gold has reached the ceiling of the monthly channel and can have a good correction, geopolitical news can easily pull this ceiling and smooth the continuation of the upward trend of Anas up to the range of even 3100. What do you think?
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 $2,694.69/oz.
XAUUSD long term So guys here is my personal analysis on gold weekly time frame
There’s 3 major levels(2472-2295-2185) and 1 minor level (2607)
So we can say trump won the election and he promises to reduce the inflation rate
So if gold breaks the minor level we can easily see the market at 2472 for the short term and at 2295 med term and also we can see a retracement at 2185 (0.618 Fibonacci retracement)and it can then resume its bullish trend
XAUUSD- Bearish Continuation or Reverse...GOLD
Technical Analysis
Gold recently dropped below a key pivot level, signaling a potential bearish continuation. Notably, as we mentioned yesterday already dropped about 85$
Bearish Scenario: If Gold remains below the pivot at 2677, further declines are expected toward the support levels of 2644 and potentially down to 2629. Stability below 2629 would reinforce bearish momentum, targeting 2587 as the next level.
Bullish Scenario: A move above 2677 may trigger a bullish rebound, with an initial target at 2695. Sustained trading above 2706 would suggest further upside potential, aiming toward 2749.
Key Levels:
Pivot Point: 2677 - 2668
Resistance Levels: 2695, 2706, 2720
Support Levels: 2645, 2629, 2606
previous idea:
XAUUSD_Buyhello
Analysis of gold in the short and medium term The analysis style is based on Elliott waves. The market is in a price correction and only by maintaining the range of 2625 and 2666 dollars, it can complete wave 4 and move towards wave 5 of the big 3 to the target range of $3000. The most important and the most important and the border between climbing and correcting the number is 2666 dollars.
if 2700 resistance strong, 2608 support broken, target 2580 zoneif retest 2700 resistance, 2608 support broken, target 2580 zone
but there is potential weekly continue to drop
mean we will see more correction later
there 3 scenario
1. still going up to 2770 but stochastic not bottomed yet
2. straight to 2580 mean weekly bearish trend started target 2440 later
3. drop to 2640 then up to 2700 resistance retest and drop to 2580, this scenario still believed to leading to weekly bearish trend
Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "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."
I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order.
My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.
Correction down for goldHi traders,
Last week XAUUSD did exactly what I've said in my outlook. After a small correction it continued up again and dropped after it reached the 1.272 fib extension of wave 3 (orange).
For next week we could see the continuation of a bigger correction down to finish wave 4 (blue).
Let's see what price does and react.
Trade idea: Wait for a (small) correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
GOLD midterm Bearish-SignalGold did rally for a good while now. Today I noticed the first bearish signal.
The Elliott-Wave(3) could be complete + The RSI had a bearish break on the 1W.
Im expecting the Price to retrace in the near future and consolidate for quite a while.
GOLD NEXT MOVE (expecting a bearish move) (09-10-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (09-10-2024)
Current price- 2618
"if Price stays below 2632, then next target is 2606 and 2585 and above that 2640".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Gold: A Sudden Pivot and Decline… All Eyes on Powell and the FedGold’s Outlook Amidst Global Shifts: Anticipating the Federal Reserve’s Decision and Trump’s Return to Power
Gold (XAUUSD) currently exhibits a technical reversal setup, hinting at a potential downward trend in the medium to long term. The fundamental landscape is shifting to favor the U.S. dollar, subtly steering capital away from gold. This pivot is influencing price targets and investor sentiment, aligning more with an appreciation of the dollar than a rally in precious metals.
In a surprising twist in U.S. politics, Donald Trump has regained the presidency. What does this political shift mean for gold and other key markets? Historically, Trump’s policies have leaned toward deregulation and fiscal expansion, potentially fueling inflation. With an administration focused on rapid economic growth and bold policies, there’s a plausible scenario for rising inflation, increased demand for the dollar, a robust stock market, and strengthening U.S. bond yields. Yet, gold and currency markets might not see immediate benefits from this environment.
Trump’s known stance toward China and Europe, marked by economic confrontation and protectionist measures, could eventually provide a supportive backdrop for gold, although this may not manifest immediately. Investors may perceive gold as a safe haven in the face of prolonged U.S.-China tensions, but significant gains may only materialize over time—perhaps not until late next year or beyond.
So, what are the forward-looking targets for gold? Analysts are keeping an eye on potential pullbacks to levels like 2400, 2300, or even 2200. Should the selling pressure increase, a test of the 2000 mark isn’t out of the question. These medium to long-term projections underscore a cautious outlook, hinging heavily on both domestic policy under the new administration and ongoing global economic challenges.
At present, however, the immediate focus lies with the Federal Reserve. This Thursday’s rate decision is critical: Will the Fed cut by another 0.25% to continue economic support, or opt for stability and keep rates steady? Yet, the spotlight is less on the rate decision itself and more on Fed Chair Jerome Powell’s commentary. Any signals that the Fed may ease up on its current rate cut cycle could impact markets dramatically, especially those tied closely to interest rates like gold. Hints of a potential slowdown in easing could push investors away from the yellow metal as confidence in the dollar strengthens.
From a technical perspective, gold appears to be re-entering a price range, with attention drawn to significant internal levels, including the 0.5 Fibonacci retracement line—a crucial marker. Should gold breach this level, a resumption of the downtrend may be imminent. If sellers reclaim control below this level, a deeper pullback may follow.
Key Levels to Watch:
Resistance: 2670, 2685, 2696
Support: 2652 (trigger point), 2637, 2624
As a correction pattern emerges in the wake of recent declines, traders are monitoring for a potential false breakout. If gold experiences a brief push above these resistance points but subsequently consolidates below them, it could signal a continuation of the bearish trend.
In summary, gold's trajectory will be shaped by a unique combination of technical pressures and fundamental shifts. Trump’s return and its implications for inflation and foreign policy, combined with the Fed’s upcoming rate guidance, form a complex backdrop. Investors should brace for heightened volatility, as the evolving policy landscape and economic indicators will likely be pivotal in determining gold's next moves.
GOLD XAU/USD Consolidation is inevitable at this point!
Weekly RSI shows really strong overbought...
Gold needs a consolidation period before rising more.
And this week showed that a break of this bull trend on the daily is more than likely.
To see more detail check my previous post on this.
XAUUSD will go downhello traders and invastors
gold current price is 2603
XAUUSD gold will go down till 2550*
Its support will be 2640
His first target will be 2585. I have placed
the remaining targets in detail in the
chart.
Quick Gold Scalps - Bullish MomentumQuick Gold scalps for 1:4 RR. I am anticipating bullish momentum to drive price towards the next key level.
XAUUSD CONFIRM SIGNALHere we go again 300-600 pips signal
The market will fall in coming FOMC
Grab it my fellow traders
Sell from 2694 and 2724 Tp 2664
XAU / USD 4 Hour ChartHello traders. I had to take some time to thank God that Trump got elected. Saying that, I have marked my areas of interest on the 4 hour chart. I am in no hurry to rush a trade or force a trade. Let's see what the NY open brings today. Bitcoin is shining nicely as well, hope some of you got in. BIg G gets a shout out. Veterans day here in the US so thanks to the vets as well. Be well and trade the trend. I will update and or do some lower time frame analysis as we get into this trading day / week. Thanks so much.
Gold - Trade IdeaHi everyone!
Gold is showing bearish momentum on the 4Hr TF, I expect it to retest the daily demand zone before following the bullish trend on the daily and weekly timeframes.
Sell Limit Order:
Sell @ 2718
SL: 2751
TP1: 2685
TP2: 2652
TP3: 2635
RRR: 1:2.5
Always conduct your own analysis before taking trades.
Cheers...
XAUUSD:7/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance is 2700, support below is 2600
Four-hour resistance is 2678, support below is 2638
Gold operation advice: Affected by the U.S. election, short sellers experienced a unilateral decline. Before the U.S. market, the decline accelerated and broke through the 2700 integer mark and continued to decline to a weak close near 2652. After the overall gold price formed a short-term top platform area above 2730, it ushered in Short selling chips fell.
From the 4-hour market trend, gold pays attention to the suppression of 2678 above and the support of 2638 below. The operation is mainly short-selling after rebound. At the same time, the weekly level support is near 2638!
BUY:2738near SL:2735
SELL:2678near SL:2681
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
29rr XAUUSD TRADESeen a 1h Choch,
swept liquidity,
saw a 1min choch,
aim for asian high.
partials at 5rr, 10rr 15rr.
lets see how it goes.
Gold Under Pressure: How Trump’s Win Could Trigger a Pullback inThe recent election results have led to a surge in optimism for the U.S. economy, which often reduces the appeal of safe-haven assets like gold. Historically, Trump's economic policies, especially those centered on "America First" initiatives and plans for economic growth, have shifted investment sentiment away from precious metals and toward riskier assets like stocks. This trend could strengthen further, given Trump’s approach to boost domestic productivity and potential peace talks in regions of recent geopolitical tension, including the Middle East and Ukraine. If these diplomatic goals are achieved, the traditional drivers of high gold prices, like global uncertainty, could diminish, reducing demand for the metal.
Another factor in play is the anticipation of economic growth due to promised tax reforms and potential tariffs, which could bolster the U.S. dollar. A stronger dollar usually has a negative effect on gold prices since gold is priced in dollars; as the dollar rises, gold becomes more expensive for buyers in other currencies, often reducing demand.
Currently, key technical levels and support zones in gold’s chart suggest that, while it has been resilient, prices could see corrections as investor sentiment leans bullish on equities and the dollar. For this reason, the first price target I’m watching is the $2,300 mark, where gold may stabilize temporarily before further movement depending on upcoming economic policies and geopolitical stability.
Stay tuned to my Telegram for real-time updates and further insights on this evolving market scenario.
