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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

XAUUSD - UniverseMetta - Analysis#XAUUSD - UniverseMetta - Analysis The price worked out 5 waves on H4 of the corrective movement, forming a descending channel. On H4, a 3-wave structure from the lower border can be formed. In this case, it is better to consider the targets to the upper border or the maximum level of Fibo correction from the impulse wave. Also, on H1, you can see a triangle, which can implement a reversal within the channel, as well as a continuation of the fall when one of the triangle's bases is broken. Short-term signal. Target Buy: 2644.858 - 2683.071 Target Sell: 2573.655 - 2545.889
OANDA:XAUUSD
by Trade-U-Metta
Bearish trend, the lower target is around 2600Gold daily line fell below a new low again. After a short rebound was blocked, it began to fall. After a short correction, it was ready to break the low again to open the falling wave, and at the same time pulled the indicator to turn downward. The short-term market is expected to repair the rise, and the trading strategy is to maintain the rebound short position. Gold 4-hour moving average continues to cross the downward short position arrangement. The decline of gold is far from over. After gold fell below the last low of 2643, gold now 2643 has become a resistance to suppress gold's rise. Gold continues to be sold below 2643 in the Asian session. Gold rebounds near 2640 and can be sold. First support: 2603, second support: 2592, third support: 2578 First resistance: 2633, second resistance: 2642, third resistance: 2658 Trading strategy: BUY:2602-2604 SELL:2640-2642
OANDA:XAUUSDShort
by Jun-GoldAnalyst
Precious metals - finding their bottomsAfter the rise, comes the fall. Gold sold off again this morning. Has it found a bottom? Less than a fortnight ago, gold was trading at all-time highs and within sight of $2,800. It pulled back from what were fairly overbought levels. It then looked as if it may repeat the consolidation process which took place over the last two weeks of August and the first two weeks of September. This was when gold went sideways, trading in a narrow range which helped the daily MACD reset at lower levels, so setting gold up for the next stage of its bull run. Just last week, it looked as if gold was holding around $2,730, and looking to consolidate as it had done at the end of the summer. But Trump’s win was the trigger for a surge in bond yields and the dollar, and a sell-off in gold which has continued through to this morning, taking it back below $2,600 for the first time in seven weeks. If it can find support around current levels, then there’s an opportunity for the daily MACD to flatten out. This could then set the stage for a rally. Otherwise, it may need to fall further until it becomes oversold again. It’s a similar story with silver. Bulls may take some encouragement that it has yet to break below $30. But this is a level to watch closely. A significant and protracted break below here could mean silver needs to fall further to find its base.
TRADENATION:XAUUSD
by TradeNation
Xauusd Technical Overview Having taken down all the major Fibonacci Retracement (Fibo) levels recently, Gold price Is consolidating the downside before the next push lower. In doing so, Gold price has retraced the entire advance from the October 10 low of $2,604 to the all-time high of $2,790. The 14-day Relative Strength Index (RSI) remains below the 50 level, keeping the downside risks well in place. Any recovery in Gold price will need to find acceptance above the strong resistance near $2,645, where the 50-day Simple Moving Average (SMA) and the 78.6% Fibo level of the same ascent close in. The next topside barriers are 61.8% Fibo and 50% Fibo supports-turned-resistances at $2,673 and $2,695, respectively. If the downtrend regains traction, sellers will attack the October 10 low of $2,604, below which a test of the 100-day SMA at $2,538 will be inevitable in the coming days
OANDA:XAUUSDShort
by Ahmad_Fxbeast
XAUUSD Trading Idea 12/11/2024Overall Trend: The chart shows a downtrend over the displayed time period, with the price making lower lows and lower highs. Potential Reversal: There are no clear signs of a trend reversal yet, but the price appears to be consolidating around 2,628 after the recent selloff, which could potentially lead to a short-term bounce or reversal. Volume Patterns: The volume bars are not visible in this chart, so it is difficult to analyze volume patterns. Sentiment: -50 (The bearish momentum is evident, but the recent consolidation suggests some indecision or potential for a short-term correction). Patterns: Head and Shoulders pattern (bearish reversal pattern formed by the peaks around 2,790, 2,770, and 2,730, with the neckline around 2,670). Strategy: Given the overall downtrend and the presence of a bearish Head and Shoulders pattern, a potential strategy could be to look for short opportunities, especially if the price breaks below the neckline of the Head and Shoulders pattern around 2,670. Sentiment Analysis: The overall sentiment appears to be bearish, as reflected by the downtrend and the formation of a bearish Head and Shoulders pattern. However, the recent consolidation around 2,628 could suggest some indecision or potential for a short-term correction. Market Structure: The chart shows a clear swing high around 2,790 and a recent swing low around 2,610. The price is currently trading below the neckline of the Head and Shoulders pattern, which could be a bearish signal if it sustains below that level. Order Flow: No order flow data is visible in this chart. Signal Strength: 65 (The presence of the bearish Head and Shoulders pattern in the context of the overall downtrend provides a moderately strong bearish signal, but the recent consolidation introduces some uncertainty). Entry: 2,660 (A potential short entry could be around the neckline of the Head and Shoulders pattern if the price breaks below it decisively). Stop Loss: 2,710 (A reasonable stop loss could be placed slightly above the recent swing high around 2,700). Take Profit 1: 2,600, Take Profit 2: 2,570, Take Profit 3: 2,530 (Potential take profit levels could be set at incremental levels below the entry, depending on the trader's risk appetite and target profit goals).
PEPPERSTONE:XAUUSDShort
by Sai2k
15M bounce recently Gold Silver. Bears moving in. Trend down I said on Friday I thought a deeper correction in Gold may happen, because, Gold and Silver price both sold-off moderately on Friday but their price closed at the bottom of a tight zone and their price made absolutely zero attempt to return to higher prices. Smart money was not buying and the same theme is happening today. Crypto, USD$ have been rallying lately together, but Gold is being cutdown, watch out for a huge move down similar to the couple of corrections of around 15% earlier in 2024. Please take a look at the Daily and Weekly chart.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
Is Overtrading Ruining Your Profits? Find Out Now!Is Overtrading Ruining Your Profits? Find Out Now! Understanding Overtrading: Causes, Symptoms, and Prevention Strategies What Is Overtrading? Overtrading is a dangerous practice in the trading and investment landscape, defined by the excessive buying and selling of financial instruments that often goes beyond an established trading plan or acceptable risk thresholds. Traders frequently fall into the trap of overtrading due to strong emotional influences such as greed, fear of missing out (FOMO), or a desperate attempt to quickly recover from previous losses. This behavior leads to impulsive decisions that may not align with rational analysis. Furthermore, the relentless stream of market information and the fear of missing profitable opportunities can exacerbate the temptation to trade more than necessary. Another primary driver of overtrading is a lack of discipline. Traders sometimes mistakenly believe that more frequent trading equates to greater profit potential, a notion particularly common among novice traders. These traders may equate high trading activity with success, failing to realize that less frequent, well-researched trades often yield better results. As overtrading takes hold, its consequences can be severe. Frequent buying and selling can lead to diminished profits due to increased transaction costs, such as commissions and fees, eroding potential gains significantly. Moreover, the constant trading exposes traders to heightened market volatility, increasing the risk of sudden negative price swings. The emotional ramifications of overtrading are equally concerning. High-frequency trading activities can elevate stress levels, resulting in anxiety and compromised decision-making capabilities. Emotional states such as fear and impatience can cloud judgment, causing traders to stray from their original trading strategies. Identifying Symptoms and Types of Overtrading Overtrading presents itself through a range of symptoms and behaviors. By recognizing these signs, traders can take proactive steps to mitigate the risks associated with overtrading. Below are key symptoms and classifications of overtrading: Symptoms of Overtrading - Excessive Trade Frequency: Traders engaging in overtrading execute an unusually high number of trades, often without a concrete strategy or rationale. - Impulsive Decision-Making: Traders may find themselves making quick, emotionally driven decisions, often fueled by FOMO or a desire for immediate profits. - Neglecting Risk Management: Overtrading often leads to ignoring fundamental risk management principles, resulting in oversized positions and inadequate use of stop-loss orders, which heightens exposure to potential losses. - Emotional Trading: The stress associated with frequent trading can lead to fluctuating emotions, such as anxiety and frustration, further impairing judgment and resulting in erratic trading choices. - Chasing Losses: Overtraders commonly indulge in "revenge trading," where they attempt to recover losses quickly by taking on higher risks or deviating from their established trading plans. Types of Overtrading - High-Frequency Trading (HFT): This strategy involves executing a vast number of trades in a short time, often through automated systems. While HFT can yield quick profits, it often incurs high transaction costs and detracts from thorough analytical scrutiny. - Scalping: Scalpers aim to profit from minor price changes by conducting numerous trades throughout the day. While legitimate, excessive scalping can lead to significant stress and minimal net gains. - Day Trading Addiction: Some day traders may become overly attached to the excitement of constant trading, leading to impulsive decisions and diminished profits. - FOMO Trading: Traders influenced by FOMO rush into trades without adequate analysis, driven by the fear of missing out on potential profits. - Excessive Diversification: Overtrading can result in overly diverse portfolios without sufficient research, leading to a lack of focus and diluted returns. Strategies to Overcome Overtrading To effectively mitigate overtrading, traders need to cultivate self-awareness, discipline, and specific strategies to rein in impulsive trading habits. Here are key steps to consider: 1. Develop a Comprehensive Trading Plan: Creating a detailed trading plan with defined entry and exit strategies, risk management rules, and profit targets can provide a structured framework, reducing impulsive trades. 2. Set Trade Limits: Determine the maximum number of trades you will execute daily or weekly to prevent excessive trading and maintain focus on quality opportunities. 3. Practice Patience: Cultivate the ability to wait for high-probability setups that align with your trading plan. Resist the temptation to trade out of impatience or boredom. 4. Utilize Stop-Loss Orders: Implementing stop-loss orders for every trade helps control potential losses, safeguarding capital and minimizing emotional decision-making in volatile conditions. 5. Avoid Revenge Trading: After a loss, resist the urge to immediately make trades to recover those losses. Take time to reassess your strategy and avoid letting emotions dictate your actions. 6. Maintain a Trading Journal: Keep a detailed log of all trades, including the thought process behind each decision and emotional experiences. Reviewing this journal helps identify patterns associated with overtrading. 7. Limit Market Monitoring: Reduce the amount of time dedicated to watching the markets and financial news. Continuous monitoring can prompt impulsive actions based on transient market fluctuations. 8. Prioritize Quality Over Quantity: Focus on high-quality trades that align closely with your trading plan rather than accumulating a large number of trades. 9. Take Breaks: Regularly stepping away from trading can alleviate stress and allow for clearer thinking, enhancing your trading strategy. 10. Seek Mentor Guidance and Community Support: Engage with trading peers or mentors who can provide advice and accountability in your trading practices. 11. Practice Mindfulness: Develop mindfulness techniques to increase awareness of your emotions during trading. Recognizing emotional influences allows for better decision-making. Implementing these strategies can bolster a disciplined, mindful approach to trading. Remember, trading success hinges on patience, focus, and adherence to a carefully constructed plan. Lastly I would like to add this previous lecture to this post, I'm sure will be useful for you... The Psychology Of Trading How To Manage Your Emotions and.. and Also... and... In conclusion... In the fast-moving realm of financial trading, the temptation to engage in overtrading can derail even seasoned traders from their financial objectives. By developing a thorough understanding of overtrading—its signs, causes, and classifications—traders can navigate with greater awareness and confidence. Successful trading isn't merely about rapid profits or constant activity; it demands discipline, strategic focus, and the ability to maintain composure amidst market volatility. Through self-discipline and commitment to a well-structured trading plan, traders can protect their investments from overtrading's adverse impacts. Whether you are an experienced trader aiming to refine your strategies or a beginner initiating your trading journey, recognizing and addressing the tendency to overtrade is crucial. Embrace the journey of self-awareness and continuous learning, as it is the cornerstone of achieving long-term financial success in trading. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. 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SAXO:XAUUSDEducation
by FOREXN1
1
XAUUSD Economic Showdown: Kamala vs. Trump Elliott Wave Analysis In the Elliott Wave Theory, markets move in repetitive cycles or "waves," consisting of five impulse waves and three corrective waves. The current chart shows we are approaching the end of the 5th wave in the current bullish cycle, suggesting that a correction is imminent. Wave Count and Structure: The chart shows that we have completed waves I through IV and are in the final leg of wave V. The final leg of Wave V appears to be nearing its top (as marked by the circled number "5" in red). Wave V itself is subdivided into smaller waves, and it appears that the minor wave (5) of the larger Wave V is concluding. Key Resistance Levels: The invalidation level at 2,779.105 suggests that if the price breaches this level, the current Elliott Wave count is likely incorrect, and further upside would be expected. Another important level is 2,749.568, which marks the potential end of Wave V and the likely beginning of a correction. Fibonacci and Price Targets: The Fibonacci extensions marked on the chart suggest potential price targets for the top of Wave V. The range between 2,749.568 - 2,779.105 indicates a resistance zone where gold might face selling pressure. Next Steps Based on Elliott Wave: If the wave count holds, we can expect a corrective move, which will be identified as Wave A, B, C (a three-wave correction). A retracement to key levels such as 2,604.790 or possibly lower to the 2,500 area could be expected during this correction phase. Wyckoff Method Integration The Wyckoff Method, which focuses on market psychology and supply/demand imbalances, is also heavily referenced in the chart. Phase B of Distribution: The chart indicates that we are in a Wyckoff Distribution phase, where the market is likely reaching a peak before distributing its supply, resulting in a price decline. The UT (Upthrust) in Phase B suggests that we might have seen the final push higher, signaling a reversal. The SOW (Sign of Weakness) and ST (Secondary Test) marked on the chart are early warning signs that distribution is in progress. Break of Structure (BOS): The Break of Structure (BOS) noted in several areas suggests that the upward momentum may be waning. These BOS/MSB (Market Structure Breaks) on both Wave 3 and Wave 5 in the smaller degree waves could indicate an early signal of a bearish reversal. Support Levels: Key support levels are outlined, including 2,421.241, which marks a major resistance line that could become a new support if price retraces. The chart shows that price may return to test these support levels during the corrective phase of the market cycle. 2-Week Outlook: Given the current market structure and technical setup, the outlook for the next two weeks is as follows: Short-term Upside Potential: There could still be a small upward push towards the 2,749-2,779 area as the market completes Wave V. Imminent Correction: Once Wave V completes, expect a reversal or correction, likely targeting the 2,600-2,500 zone. The correction could play out as an ABC pattern in the coming weeks. Support Levels in Play: During the correction, we expect the 2,604.790 level to act as the first line of defense, followed by deeper support around 2,421.241 if the sell-off gains momentum. The confluence of Elliott Wave and Wyckoff analysis points towards an exhaustion of the bullish trend, and traders should prepare for potential downside. Discussion of the Upcoming Interviews (Kamala Harris and Donald Trump) from an Economic Perspective: Regarding the upcoming live interviews with Kamala Harris and Donald Trump, several key economic topics may emerge given the current landscape: Inflation and Monetary Policy: Both Kamala Harris and Donald Trump are likely to face questions about their stance on inflation and interest rate policy. With inflation continuing to challenge the global economy, there will likely be discussions on the Federal Reserve's future actions. Expect Trump to criticize the Biden administration for "mismanaging" inflation, pointing to his own policies that he claims helped maintain price stability. Kamala Harris will likely defend the current administration’s fiscal policies and efforts to reduce inflation through supply chain improvements and energy transition initiatives. Economic Growth and Job Creation: The state of the U.S. economy, particularly in terms of GDP growth and employment rates, will be key discussion points. Trump's economic platform traditionally emphasizes tax cuts and deregulation, which he argues will stimulate growth. Harris, on the other hand, is expected to highlight investments in infrastructure and green energy as long-term growth strategies. Trade and Global Economy: Trade relations, particularly with China, will be a central theme. Trump has been vocal about his approach to tariffs and reducing dependency on China. Harris, representing the Biden administration, will likely emphasize a multilateral approach to trade and focus on rebuilding alliances while tackling issues like supply chain resilience. Federal Budget and Debt: The growing national debt will be another major point of discussion. Trump is likely to stress his intention to rein in government spending and reduce the debt burden through policies such as entitlement reform. Harris, meanwhile, will defend the administration’s spending on social safety nets and argue that investments in education and healthcare are necessary to support a growing middle class. In both interviews, it is expected that the candidates will adopt sharply different economic views, reflecting their broader political platforms. Expect sharp contrasts on fiscal discipline, taxation, and the role of government in driving economic recovery and managing inflation.
OANDA:XAUUSDLong
by spacedevil
9