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XAUUSDK trade ideas

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
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.
FXOPEN:XAUUSDLong
by syomking76418
XAUUSD: Continue to Monitor Resistance at 2712-2720During the Asian and European sessions today, gold pulled back as it approached key resistance levels, and is currently near a support zone. Based on the current price structure, the support appears relatively strong, suggesting a potential for a rebound in the short term. If the support remains intact over the next hour, the price could rise again, with focus shifting to the resistance zone around 2712-2720. However, if the support is broken, there is a possibility that the price may test the previous lows again. In this case, the formation of a "W" reversal pattern should be monitored, as it could signal a significant rebound opportunity.
OANDA:XAUUSDLong
by Mia-Signal
Gold ReboundsAfter Donald Trump's victory in the U.S. presidential election, gold prices dropped by more than $80 per ounce on November 5th in both Asian and U.S. markets. However, mixed economic data from the U.S., Germany, and China, combined with the Federal Reserve's decision to cut interest rates, helped gold prices rebound to $2,700 per ounce. Looking at the technical chart at 4:00 PM, with support at $2,650, gold prices have started to rise again and are testing the resistance level at $2,707. If gold breaks through this resistance, it is expected to regain momentum and continue to rise towards a new target. However, if gold fails to break through the resistance, it could fall back to the support level of $2,683. During this time, make sure to closely monitor the market to respond promptly to any unexpected developments!
OANDA:XAUUSD
by Alisa_Rokosz
Gold Analysis==>>Falling(Signs)Today's data release included the Core PCE Price Index , Employment Cost Index (ECI) , and Unemployment Claims . Core PCE, the Fed's key measure of inflation, saw slower-than-expected growth, suggesting some cooling in consumer prices. This could lead to a potential moderation in the Fed's rate policy if inflationary pressures continue to ease. The ECI also grew slower than forecasts, indicating wage growth remains somewhat controlled, which also alleviates inflationary concerns. Meanwhile, the higher-than-expected unemployment claims hint at challenges in the labor market. According to the recent economic data and the possible reduction of inflationary pressures, the desire to reduce the interest rate has increased, and this has caused the price of gold to decrease . Gold ( OANDA:XAUUSD )is attractive as a safe-haven asset in times of high inflation, and deflation has reduced its demand. Regarding Technical Analysis , Gold started to fall, as I expected in the previous post. According to the Elliott wave theory , Gold has completed main wave 5 , and we should wait for Corrective Waves . One sign of a further decrease in Gold can be the formation of a Bump and Run Reversal Top Pattern , which is currently in the Run phase . I expect Gold to continue its downward trend due to the high momentum of the decline experienced in the previous hours. Drop targets can be the Support zone($2,720-$2,708) in the first step and then the Lower line of the Ascending Channel . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
If gold falls below 2550 it will continue to fallGold prices may continue to be under pressure in the short term, mainly affected by the following factors: The strong dollar and the volatility of US Treasury yields: The strong dollar and the volatility of US Treasury yields are still the key factors affecting gold. In particular, the expectations of US economic growth and inflationary pressures have changed the market's expectations of the Fed's policies, thus limiting the upside of gold. Global risks and the sensitivity of the Fed's policies: Although gold is currently facing downward pressure, if the gold price can stabilize and rebound in the range of US$2540-2550, it may attract some buying power and bring about a correction. In the short term, the gold price may fluctuate around US$2550. If it breaks through the US$2500 mark, there may be greater room for decline. Market participants are advised to pay attention to the Fed's policy dynamics, inflation data and other global risk events, adjust trading strategies in a timely manner, and flexibly respond to market fluctuations.
PYTH:XAUUSD
by Lisainblue
1
Gold continues to plunge target cashGold technical analysis: The trend of gold is fully in line with our expectations, and the market fell back as expected. Gold yesterday was affected by the US market data, and fell back again. The highest hit around 2618 and then began to fall, which continued so far, the lowest hit 2550 line position, down nearly $70, is also since the historical high 2789 fell. This week is also out of a strong short trend, continuous negative line also accumulated the energy to fall, but in the continuous decline of the market, range shock is a way to repair the long and short, is not the signal of reversal, so the continuation of the fall is also our expectation, today's rebound around 2581 was blocked, continue to accelerate the downward, the lowest has reached around 2550. This week Sheng Fu bearish thinking is perfect, as scheduled to fall sharply; At present, the key pressure above gold is maintained at yesterday's decline of 382 line position near 2581, which is basically equivalent to the morning counter pumping high, and the large retracting of the Asian plate still needs to see the trend of the European plate, and the lower support is again maintained at the early rising point around 2550-46 area, the daily continuous negative line retracting. The hourly line is also in the falling form, in the short term we are still to short the idea of operation, after a continuous large negative line down, we can not blindly doubt the bottom, only to follow the continue to short, then the European plate can be considered to maintain near 2580-85 short, the current morning continued weak pattern fell to near 2550, Also gradually began to test the early low and weekly Boll band in the track support, the operation of the rebound is mainly empty, temporarily not too blind bearish! In general, today's gold short-term operation ideas suggested rebound short, supplemented by a pullback to do more, the above short-term focus on 2580-2590 line resistance, below the short-term focus on 2550-2546 line support
PYTH:XAUUSD
by Lisainblue
XAU/USD 14 November 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bearish. Analysis/bias remains the same as yesterday's analysis dated 12 November 2024. Price has printed a bearish iBOS followed by a bearish BOS. This is in-line with all HTF's requiring a pullback. Intraday Expectation: Price to indicate bullish CHoCH to indicate bullish pullback phase initiation. Bullish CHoH positioning is denoted with a blue dotted line. 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: Bearish. -> Internal: Bearish. Previous intraday analysis where I mentioned that price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 2,589.725 was how price printed. Price has printed a further bearish iBOS. We are now trading within an internal high and fractal low where price is showing reaction from H4 demand zone. Price has printed has yet to print a bullish CHoCH indicating bullish pullback phase initiation. CHoCH positioning is denoted with a blue dotted line. Intraday Expectation: Price to trade up to either premium of internal 50% EQ or M15 demand zone before targeting weak internal low. Price could potentially print a lower low to reposition CHoCH. Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold today analysis strategy signalAt present, the main pressure on gold is maintained at 2581, the first line of 382 where it fell yesterday, which is basically equivalent to the high point of the morning pullback. The sharp pullback in the Asian session still needs to depend on the trend of the European session, and the support below is once again maintained near the previous starting point of 2550-46. The daily line has retreated continuously with negative lines, and the hourly line is also in a downward trend. In the short term, we still operate with the idea of ​​shorting. After a continuous and substantial decline in negative lines, we cannot blindly suspect the bottom, but can only continue to short. The European session can consider maintaining short selling near 2580-85. At present, the weak pattern continues in the morning and falls back to around 2550. It is also gradually beginning to test the previous low and the middle track support of the weekly Bollinger band. The operation is mainly rebound shorting, and we are not blindly bearish for the time being! On the whole, today's short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is the 2580-2590 resistance line, and the short-term focus on the lower side is the 2550-2546 support line. Friends must keep up with the rhythm. Strategy 1: Short (buy down) 20% of the position in batches near 2580-2585 in the early trading, stop loss 6 points, target near 2565-2555, break to see the 2550 line Strategy 2: Long (buy up) 20% of the position in batches near 2548-2550, stop loss 6 points, target near 2560-2570, break to see the 2580 line
OANDA:XAUUSD
by Poison-Rose
After forming a mountain shape-Gold target is aimed at 2600Gold price (XAU/USD) extends its decline for the fifth consecutive session, hitting its lowest level since September 19 near $2,558 during Thursday’s Asian session. Persistent US Dollar (USD) strength, fueled by optimism over President-elect Donald Trump's pro-growth policies and expectations of a Federal Reserve (Fed) pause in easing, keeps pressure on the non-yielding metal. Elevated US Treasury yields and a strong USD, which reached its highest level since November 2023, further weigh on Gold. Additionally, Wednesday's US Consumer Price Index (CPI) report signaled slower progress in reducing inflation, suggesting fewer rate cuts in 2024. Coupled with a bullish run in US equity markets, this has driven investors away from Gold. Traders now await the US Producer Price Index (PPI) release for near-term direction, with attention on Fed Chair Jerome Powell's speech later today. SELL: 2580 - 2582 SL: 2587 TP1: $2565 TP2: $2550 TP3: $2530 BUY: 2515 - 2513 SL: 2508 TP1: 2525 TP2: 2540 TP3: 2560
OANDA:XAUUSDLong
by iyi1iyi1