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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: Eyeing a Short Position Above 2650With market volatility now reduced after today’s decline, a short-term rebound is likely tomorrow. If gold prices reach above 2650, it could offer an optimal shorting opportunity with a target range between 2580 -2560. While it may take some time to hit this target, there’s also the possibility of a quick move down to these levels. I view this as a solid setup for a long-term trading plan, with opportunities to add smaller swing trades in between. For those interested in participating, feel free to contact me for detailed trading insights and information.
OANDA:XAUUSDShort
by Mia-Signal
Gold Bearish Trend Analysis Here’s an analysis for US30 Empire on why we believe Gold will continue to go down: Gold Bearish Trend Analysis We believe Gold is likely to continue its downward trajectory for several reasons, as outlined below: Stronger US Dollar: Gold typically moves inversely to the strength of the US dollar. Recently, the US dollar has gained momentum due to positive economic data, including stronger-than-expected employment numbers and steady GDP growth. As the dollar strengthens, gold becomes more expensive in other currencies, leading to reduced demand and a price decline. Rising Interest Rates: While inflation has shown signs of slowing, central banks, particularly the Federal Reserve, have kept interest rates relatively high. Rising rates reduce the appeal of non-yielding assets like gold, as investors seek better returns in interest-bearing assets such as bonds. This continued environment of high rates pressures gold prices downward. Diminishing Safe-Haven Demand: During times of heightened market uncertainty, gold often acts as a safe-haven asset. However, as global economic conditions stabilize and investors show increasing confidence in risk assets like equities, the demand for gold as a hedge against risk declines. This shift in sentiment puts downward pressure on gold prices. Technical Indicators: From a technical standpoint, gold has recently broken below key support levels, confirming a bearish trend. The RSI (Relative Strength Index) is also showing signs of being overbought, indicating that a pullback is due. Additionally, moving averages are indicating downward momentum, signaling a potential continuation of the downtrend. Reduced Inflation Fears: While inflation was a major driver for gold in the past, the recent easing of inflationary pressures reduces the need for gold as an inflation hedge. As inflation expectations moderate, gold loses its primary appeal, contributing to downward price movement.
OANDA:XAUUSDShort
by US30EMPIRE
Gold Price Today (11/11): Has the Uptrend Ended?Gold prices are currently under strong downward pressure due to macroeconomic factors and market sentiment. Positive economic indicators from the U.S., such as the rise in the Consumer Confidence Index and inflation expectations, lead investors to forecast that the Federal Reserve (Fed) is unlikely to cut interest rates in the near future. Additionally, increased holiday shopping demand is boosting the U.S. economy, but putting pressure on gold prices. The market also expects gold to continue declining as Donald Trump takes office. Looking at the chart, we see that the EMA 34 has crossed below the EMA 89, signaling a bearish trend and indicating that the price trend has shifted to the downside. With resistance levels at 2,706 and 2,670, it will be difficult for gold to regain an uptrend. The next support level may be around 2,620, where gold could find strong buying interest and possibly reverse temporarily. However, if this support is not maintained and prices break lower, the likelihood of gold continuing to decline to deeper support levels, such as 2,590 and 2,550, is high. In this context, with gold prices likely to continue falling, it is essential to closely monitor key support and resistance levels to make informed investment decisions. If gold cannot hold important support levels, investors may need to adjust their portfolios accordingly.
OANDA:XAUUSD
by Alisa_Rokosz
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%. • Chart Analysis: • A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown. • There are red and green candlesticks representing the price movement in each hour. • The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
OANDA:XAUUSDLong
by Khalifapatrick
Projected Gold Bottom Nov-Dec 2024: Key Levels & Support ZoneUsing Elliott Wave and Fibonacci analysis, I anticipate that gold’s 0.5 retracement level at $2,540, or alternatively the 0.618 level at $2,485, will act as solid support. From these levels, we may see a rebound to the 0.382 or 0.236 retracement levels, potentially lifting prices to around $2,600 or $2,675 in the B wave, followed by a corrective C wave. I expect the 0.618 level to hold, making a dip below $2,485 unlikely. There’s a slight chance of a deeper drop to the 0.786 retracement at $2,400, though strong buying interest is likely at that point.
TVC:GOLD
by Aishman
Gold-dollar, dailyGold prices meet͏ more selling push with strong U. S. dollar, driven by hope about Donald Trump’s likely growth plans and his suggested 10% import tax which might raise costs and hold back the Federal Reserve's ability to cut rates. This has helped boost higher U. S. Treasury yields, drawing investors away from the non-yielding gold. Traders are cautious ahead of U.S. inflation data and Federal Reserve Chair Jerome Powell’s speech, which could influence future price moves and more specifically may limit losses in the near term. From a technical point of view, the price is testing a major support area consisting of the 23.6% of the weekly Fibonacci retracement level, the lower band of the Bollinger bands as well as the 50-day moving average. If it manages to make a valid break below this area then the next area of possible support might be seen around the $2,600 price level which consists of the psychological support of the round number as well as the 38.2% of the weekly Fibonacci retracement.
FOREXCOM:XAUUSD
by Exness_Official
XAU/USD Technical Analysis: Anticipating a Corrective Phase1. Market Structure and Elliott Wave Context: From the images, you have charted Elliott Wave structures across different timeframes. It appears that: In the 1-hour chart, the market has likely completed an impulse wave (v). This typically indicates the end of a larger wave movement, suggesting that a correction could follow. Impulse waves are characterized by a five-wave movement (1, 2, 3, 4, 5), and wave (v) marks the final phase of this impulse before a corrective phase begins. In the 4-hour chart, you have marked the completion of Wave 5 of the impulse move, suggesting that a corrective wave sequence (ABC) may follow. After a completed impulse, markets often retrace in a three-wave pattern: an A-B-C correction. The A-leg is typically a sharp move down, followed by a B-leg bounce and a final C-leg continuation to complete the correction. In the daily timeframe, your wave count indicates the market is nearing the end of a larger Elliott Wave cycle, likely finishing the last wave (5). This suggests that the market is poised for a larger-scale correction once the final wave completes. Short-Term Outlook (Next 2 Weeks): The next two weeks could see the beginning of a corrective phase following the completion of the final impulse wave. Specifically: Wave (a) of the corrective phase should begin shortly, taking the market lower as traders look to take profits after the completion of the impulse. You have marked key Fibonacci retracement levels (0.5 and 0.618), which are common targets for corrective waves. This suggests you expect the price to retrace to at least these levels, with the 0.618 Fibonacci level being the most probable target for the initial correction. 2. Wyckoff Methodology and Market Phases: The Wyckoff analysis shows that the market has moved through different phases of accumulation and distribution. You have identified a Phase B in the Wyckoff structure on the higher timeframes, which often represents the upthrust (UT) in a distribution phase. This suggests that the market has completed a markup phase and is now entering a distribution phase, where large players are preparing to sell into strength, leading to a decline in price. The presence of a Break of Structure (BOS) in the charts further supports this bearish outlook, as BOS events typically signal that a market is transitioning from one phase to another, often from a bullish phase to a bearish phase. Next Two-Week Expectation Based on Wyckoff: You expect a continuation of the distribution phase, where institutional sellers are likely offloading their positions. This could lead to a markdown phase in the price of XAU/USD, possibly confirming a “Sign of Weakness (SOW)”, which typically occurs after an upthrust and signals the market is ready for a deeper decline. 3. Fibonacci Levels and Liquidity Zones: Fibonacci retracement levels are a crucial part of your analysis, with 0.5 (50%) and 0.618 (61.8%) retracement levels clearly marked on your charts. These levels often act as strong support zones during corrections. In the near term, you expect the price to retest these levels during the correction, particularly around the 0.618 Fibonacci level, as this is a key zone for buyers to step in and absorb selling pressure. The liquidity zones highlighted on your chart, such as the Buy Side (H) and Sell Side (H), suggest you’re watching for price reactions near these levels. The liquidity sitting above or below these zones could act as magnets for price during the correction. 4. Volume Profile and Market Sentiment: Your use of the Volume Profile tool reveals that you are tracking key price levels where the highest volume of trades occurred. These are critical areas of support and resistance. There’s a noticeable divergence in volume compared to price action. Typically, when price moves higher on weakening volume, it suggests that the upward momentum is unsustainable, and a reversal could be imminent. Volume Insights for the Next Two Weeks: You are likely expecting a reduction in buying pressure as the market enters a distribution phase. As volume dries up, the potential for a bearish reversal increases, which aligns with your expectation of a corrective phase. 5. Indicators and Momentum (MACD Divergence): The charts show a clear divergence in the MACD indicator (or similar momentum indicator). You’ve marked this divergence on the chart, which indicates that while price is making new highs, momentum is weakening. This divergence is a strong signal of a potential reversal, especially when combined with Elliott Wave and Wyckoff’s analysis, which both suggest that a major wave top is forming. Expected Price Action (Summary): Initial Correction (Wave A of ABC): You expect the price to initiate a corrective wave (a) over the next few days, likely targeting key Fibonacci levels (0.5 and 0.618 retracement), which could coincide with liquidity zones. The first wave of correction might find support around $2,661 to $2,656 levels as part of the retracement process. Consolidation (Wave B): Following the initial drop (Wave A), a short-term relief rally (Wave B) could push prices higher, but not beyond the recent high. This is typical in ABC corrections where the B-leg is often a partial retracement of the A-leg, allowing for new short positions. Final Leg of Correction (Wave C): The final leg of the correction, Wave C, could take the market even lower. Key levels for Wave C could be the Fibonacci extension or further significant support zones you have identified, such as $2,605 or $2,593, based on historical market structure. Bearish Scenario Confirmation: If the market continues to follow your Elliott Wave and Wyckoff outlook, a failure to break above Wave 5 would confirm the bearish scenario. This could lead to a deeper correction that extends beyond two weeks, possibly moving towards lower Fibonacci extensions or liquidity zones around the $2,432 to $2,385 range. Conclusion: In summary, you are expecting a corrective wave to take place in XAU/USD over the next two weeks, which aligns with the completion of a fifth Elliott Wave and signals from the Wyckoff distribution phase. The correction could initially target Fibonacci retracement levels around $2,661 and $2,656, followed by a larger decline if the wave count holds true. Volume and momentum divergence, coupled with market structure breaks (BOS), further support your outlook for a bearish correction in the gold market.
OANDA:XAUUSDLong
by spacedevil
Gold continues to decline according to the technical chart.Gold prices continue to decline according to the technical chart. World gold prices dropped sharply last Wednesday after Mr. Trump won the election to the White House. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October. This week, the market is interested in some economic information such as US core CPI - data for the Fed to monitor inflation, weekly unemployment benefit data, US retail sales,... Owner Fed Chairman Jerome Powell will also speak on Thursday. According to Adam Button, Director of Currency Strategy at Forexlive, the market is watching who will be America's next finance minister. He expects the price of gold to increase again if John Paulson is chosen, because he is a gold price speculator.
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAU/USD to continue dropping?From both technical and fundamental analysis I believe we should be seeing the beginning of a gold drop. Gold has been nothing but bullish with extreme euphoric movement. Following Donald Trumps win in the American election we can expect the dollar to begin its bullish ascent meaning that its time for the XAU/USD to finally start its descent. from my charts we can see that I predict a slight bullish move from the market open reacting of an 8H Imbalance taking Asian high liquidity from the upside and reacting from another 8H IMB to ultimately continue in its downtrend at least until the daily zone that caused a previous break of structure to the upside.
OANDA:XAUUSDShort
by JamelCapital
Gold weekly analysis , trade ideas and 10 Nov.Gold prices are declining due to US dollar strength post-election results, with potential support around 2600. Highlights 📉 Gold’s recent bullish move reversed after election results. 💵 Strong US dollar influences gold’s downward trend. 🔍 Weekly time frame shows signs of weakness in gold. 📊 Fibonacci analysis indicates potential support at 2600. 🔄 Market structure shift suggests bearish sentiment in gold. 📅 Upcoming economic events may impact market volatility. 📈 DXY exhibits bullish momentum, affecting gold and other currencies. Key Insights 📉 Gold’s Bearish Outlook: Following a significant rise, gold is showing signs of weakness, suggesting a bearish trend ahead with targets around 2600. This aligns with market expectations of higher interest rates. 💵 Impact of DXY Strength: The US dollar index (DXY) has gained strength post-election, influencing gold’s price negatively. A bullish DXY typically indicates lower gold prices due to inversely correlated movements. 🔍 Technical Analysis on Gold: The weekly chart reveals a potential bearish structure, with key Fibonacci levels indicating support at 2600, providing insights into possible price corrections. 📊 Market Sentiment Shift: A market structure shift identified on the 4-hour chart signals bearish sentiment, highlighting the importance of key resistance levels for future price movements. 📅 Upcoming Economic Events: The week ahead appears calm with minimal economic data, but upcoming CPI and retail sales reports could introduce volatility, affecting both gold and the dollar. 📈 DXY’s Continued Strength: The bullish trend in DXY is expected to persist unless significant market changes occur. This could further pressure gold prices and other currencies negatively.
OANDA:XAUUSDShort
by Fxoverseas