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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

Update on the Gold Long Trade: +10.41R Hey Traders! 📈 I'm excited to share that I closed the Gold trade at a rewarding 10.41RR! 🎉 This trade highlights the power of multi-timeframe analysis and disciplined risk management. Recap of the Trade: Market Context: On the daily timeframe, Gold was in a retracement phase. By zooming into the 1H timeframe, I spotted a reaccumulation pattern, indicating a potential continuation of the uptrend. Entry Setup: After the retracement, the 1H chart showed a strong breakout, confirming the uptrend. I entered a long position, aligning with the overall market direction. Risk Management: Implemented a trailing stop to protect profits while allowing the trade to breathe and capture additional upside. Key Takeaways: Multi-Timeframe Analysis Works: Combining higher and lower timeframes can reveal high-probability setups that might be missed when looking at a single timeframe. Stay Disciplined with Risk Management: Using tools like trailing stops can help maximize gains and limit losses. This experience reinforces how effective market structure analysis and proper risk management can lead to successful trades. I hope this breakdown helps you in your trading journey! Did you catch this move or spot similar setups? Share your experiences below! Let's continue to learn and grow together. 🚀 Happy Trading! Disclaimer: This post is for educational and informational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research or consult a financial advisor before making any trading decisions.
OANDA:XAUUSD
by TraderOuss_LumaNex
XAU/USD Weekly Forecast: Key Market Reversal Zones1. Wyckoff Phases and Key Levels: Phase A (PSY & ST): Preliminary Supply (PSY) marks the area where early sellers start pushing prices down. The Selling Test (ST) occurs as buyers and sellers test the supply. These phases lay the groundwork for a potential accumulation or distribution phase. Phase B (B, AR, Creek, LPS, UT): In Phase B, B and Automatic Rally (AR) represent the initial support and resistance levels. This is followed by a "Creek" or resistance line where price often consolidates below. LPS (Last Point of Supply) and UT (Upthrust) within this phase mark the highs where the price struggled to maintain upward momentum, indicating potential supply zones. The SOS (Sign of Strength) signals the market's strength, potentially leading to Phase C if buyers continue. Phase C (Shakeout): This phase includes a sharp Shakeout where weaker hands are pushed out. This liquidity grab sets up the final push upward. Phase D and E: In Phase D, we observe a final markup with Higher Highs (HH) and Higher Lows (HL) leading into the top where sellers might step in strongly for a distribution phase. This phase concludes in Phase E if a downtrend is established. 2. Elliott Wave Structure: The primary wave count shows completion of Wave 5 at the top. Based on Elliott Wave Theory, this could mark the end of the upward impulse cycle, suggesting the start of an ABC correction pattern. Wave A: The initial corrective leg downward is expected, which aligns with potential selling pressure in Phase D. Wave B: After Wave A, a minor retracement upward could occur as a corrective pullback before continuing the downward correction. Wave C: The final leg of the correction, Wave C, may complete the structure, allowing buyers to re-evaluate for potential long opportunities. 3. Supply and Demand Zones (Smart Money Concepts - SMC): Supply Zone: Located near the highs of the chart, marking resistance and a significant level where institutional sellers may re-enter. Demand Zone: This area is closer to the lows around the PSY and ST. If price moves down, these levels will act as support where buying interest could return. Break of Structure (BOS): Key BOS levels signal structural shifts where the market confirms a new trend direction. Watching for BOS on lower timeframes can indicate smaller trend reversals within the larger correction. 4. Key Levels and Trading Plan for Next Week: W Close Level: This week’s close level will be important for planning trades. If the price remains below this level, we could favor short setups. Invalidation Points: High Invalidation (1W): Located at the top of the wave structure; breaking this would invalidate the bearish setup. Low of the Range (PWL): If the price closes below this low, it would strengthen bearish sentiment. Potential Trade Setups: Sell Setup: If price re-tests the high zones but shows resistance or bearish confirmation, short positions can be initiated with stops above the invalidation level. Buy Setup: If price retraces to demand zones and shows a reversal, there could be potential long setups. A buy setup would look for evidence of absorption of supply before re-entry. 5. Macro Events and Sentiment Analysis: Next week, key economic events (such as Fed announcements or US economic data releases) may influence the USD, which in turn affects XAU/USD. Hawkish Fed sentiment could strengthen the USD, pressuring XAU/USD lower, while dovish sentiment could support a rally in gold. Daily Monitoring: Track price action near the Creek and Supply Zone for early signs of buyer weakness or seller strength, especially leading into economic events. Summary: Bearish Bias: As long as the price remains below the high invalidation point, the outlook leans bearish, expecting a corrective structure. Key Levels: Watch for reactions at high and low invalidation points as well as around BOS zones for early trade entry signals. Events Impact: U.S. economic releases and Fed communications are expected to create volatility, particularly in line with price action around key resistance/support areas.
OANDA:XAUUSDShort
by spacedevil
9
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EIGHTCAP:XAUUSDLong
by ForexMasters2000
2
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈 I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern. Market Context: On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market. The Entry Setup: On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout. I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside. Floating PnL: Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups. This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀 Leave a comment if you surfed with this trend too!
FOREXCOM:XAUUSDLong
by TraderOuss_LumaNex
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates. As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDShort
by ThinkMarkets
Gold price analysis November 7Fundamental Analysis Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election. Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome. The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November. Technical Analysis After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
OANDA:XAUUSD
by TVS-Trader
2
Precious metals steady after sell-offPrecious metals have had a torrid time since it became apparent that Trump had won a clear victory in the early hours of yesterday morning. Gold broke below $2,700 and is currently hovering in a band of support which stretches between $2,635-$2,675. This area acted as resistance in the last week of September and the first of October. A break below here would set up a likely retest of $2,600. Just over a week ago, gold hit a record high of $2,790. Since then it has lost around 5%. It was always a concern that gold had manged to rally steadily from early June without any of the sharp, deep pullbacks that were such a feature of its trading pattern from earlier in the year. Well now there’s been one, with Trump providing the catalyst. The question now is whether there’s more downside to come, and if so, will that mark the end of the bull run , or once again provide an opportunity for the bulls to load up and go again? It’s too early to tell. But if it can find support and consolidate around current levels, then the daily MACD can reset at a less overbought area. If not, then gold will head lower to find stronger support. It’s similar situation for silver, with $31 now a level it needs to hold.
TRADENATION:XAUUSD
by TradeNation
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart XAUUSD touched the resistance level of 2,667.00 General outlook XAUUSD has been under buying pressure within the last couple of hours. The pair moved to the resistance level of 2,667.00. Possible scenario The best way to use this opportunity is to place a sell limit order at 2,665. Set your stop loss at 2,670. below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,644. ($21.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
TVC:GOLD
by CHRLEEEXPERT
Intra-Day Strategies Part 2: Breakout Momentum Welcome to Part 2 of our intra-day series, where we shift our focus to breakout momentum. By syncing with natural price cycles—from quiet, narrow bands to fast, directional shifts—breakout momentum trading aims to seize short-term bursts of momentum with precision. What is Breakout Momentum? Breakout momentum is the initial surge in volatility when prices break out from a narrow range. Markets typically alternate between periods of contraction (when price hovers within a narrow band) and expansion (when prices break out, igniting higher volatility). Breakout momentum traders look to capitalise on these expansion phases as soon as they start, harnessing momentum for short-term trades. By focusing on these natural cycles, breakout momentum trades seek to capture brief but significant price shifts. Here’s a closer look at how to identify these setups and execute them effectively. Applying Breakout Momentum on a 5-Minute Chart Step 1: Identify a Contraction Phase The first step is spotting a contraction phase, visible as a tight, sideways range on the 5-minute chart. Look for: • Range-Bound Price Action: Price consolidates within a defined range, with minimal directional movement. Tighter ranges suggest that an expansion may be imminent. • Low Volume: Contraction phases often coincide with lower-than-average volume, signalling reduced buying or selling pressure. • Declining ATR (Average True Range): The ATR, an indicator of volatility, may decline or stabilize at a lower level during this phase, indicating limited price movement. Identifying this "contraction zone" is essential for recognising potential breakout setups. The longer price remains in this phase, the stronger the breakout can be. Step 2: Check Market Structure After identifying a contraction zone, examine the market structure to confirm that the breakout has room to move. This means analysing nearby support and resistance levels to ensure there’s enough “headroom” (for an upside breakout) or “downside space” (for a downside breakout) for momentum to develop. • Assess Resistance for Upside Breakouts: If you're anticipating a bullish breakout, check for any immediate resistance levels above the contraction range. Strong resistance just beyond the breakout point could limit the trade’s potential if it leads to a reversal or stalls momentum. • Review Support for Downside Breakouts: For bearish breakouts, look below the contraction zone to identify any major support levels that might slow or halt downward momentum. Clear space below can indicate a better setup with room for the price to fall freely. By checking the market structure, you set up breakout trades with a clearer path, minimizing the risk of false starts from nearby resistance or support levels. Step 3: Entering on the Breakout With contraction and momentum confirmed, enter the trade as the breakout begins: • Price Breaks Out of Range: Go long if the price moves above the contraction range’s resistance or short if it drops below support. A strong breakout candle reinforces the signal. • Volume Surge: Ensure that volume increases substantially with the breakout, as this confirms broad buying or selling interest. • Candlestick Patterns for Extra Confirmation: If you see a bullish engulfing pattern for an upside breakout or a bearish engulfing for a downside breakout, this can add extra validation to your entry. Example 1: Gold (XAU/USD) 5-Minute Chart Gold (XAU/USD) shows a tight consolidation phase on the 5-minute chart, followed by a clear breakout. A surge in ATR and volume confirm the momentum. Past performance is not a reliable indicator of future results Example 2: Apple (AAPL) 5-Minute Chart In Apple’s case, a similar pattern emerges but on the short side, with price contracting before a sharp breakout to the downside. Confirmation indicators reinforce the move’s strength. Past performance is not a reliable indicator of future results Managing the Trade Trade management is vital in breakout momentum trading, as reversals can happen quickly. • Stop Placement: Position stops just outside the range—below support for long trades or above resistance for short trades. This limits risk and enables swift exits if the breakout falters. • Profit Target: Aim for a 1:2 risk-to-reward ratio, or use the ATR to gauge a realistic target based on the breakout’s momentum. • Trailing Stop: If the trade moves in your favour, use a trailing stop to lock in profits while allowing for further movement, especially if momentum remains strong. Tips for Effective Breakout Momentum Trading • Focus on High-Volume Sessions: Breakouts in high-volume trading hours, like the NYSE or LSE open, tend to be stronger and more sustained. • Use Confirmation Indicators to Avoid Fakeouts: Range-bound markets can produce false breakouts, so use indicators like volume and ATR to validate the breakout’s strength. • Stay Focused with Limited Screen Time: Momentum trades demand quick thinking and focus. Short, focused sessions can improve decision-making and help avoid fatigue. Breakout momentum trading aligns with the natural volatility cycles of the market, allowing you to capture the momentum that follows narrow ranges. In Part 3, we’ll cover trend continuation strategies, offering a balance of momentum and patience. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:GOLD
by Capitalcom
XAUUSD first time under the MA200 (4h) in 3 months.Gold broke today under the MA200 (4h) for the first time since August 7th. So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up). Tips: 1. The RSI (4h) hasn't been this oversold (reached 20.00) inside the Channel Up. An additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
GOLD H12 IdeaRecord High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut Expectations The latest U.S. Non-Farm Payrolls report showed a low increase of 12,000 jobs, supporting hopes for a Fed rate cut on November 7. This expected cut could make gold more appealing by reducing the opportunity cost of holding a non-yielding asset. A 25-basis-point cut is nearly priced in, though dollar strength is currently offsetting some of this potential support. Technical Indicators Point to Bearish Reversal Gold’s weekly chart shows a possible bearish reversal pattern, with $2,724.75 as a critical support level. If prices drop below this level, it could lead to further declines, potentially targeting $2,697.28 or even $2,604.39. Upcoming Events and Market Impact With the U.S. presidential election and Fed decision next week, markets expect heightened volatility. The election uncertainty could continue to support gold’s safe-haven demand, while a Fed rate cut might add further upside if announced. Outlook If gold holds above $2,724.75, it may signal consolidation and possible upside, especially if the Fed cuts rates as anticipated. Conversely, a break below this support could confirm a short-term correction. For now, the market leans toward a cautious bearish stance in the short term, with potential support from safe-haven demand and lower rates longer term. Traders should monitor critical levels and prepare for swings tied to the election and Fed decision.
OANDA:XAUUSD
by GOLDFXCC
Gold is in the Bearish Direction after Formation ManipulationHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD - Stops Swept - Trump Win They are so crafty all this is rigged to get fuel to head higher. Larger stop the better. 1:1 perfect if u wana sleep at night. Looks like Trump Gona Win Simple Question to GTP "Oy what is likey hood Gold Bullish or Weaker after Trump Win." If Donald Trump were to win the election, several of his policies could potentially influence the price of gold. Here’s a breakdown of how those policies might impact gold’s direction: Economic Uncertainty: Trump's policies, especially regarding trade, taxes, and deregulation, often create volatility in the markets. Gold, seen as a safe-haven asset, tends to benefit from periods of economic uncertainty or market instability, which could push prices higher. Dollar Strength: Trump has previously advocated for a weaker dollar to boost U.S. exports. A weaker dollar generally supports gold prices, as it makes gold cheaper for international buyers. Inflation Expectations: Trump's focus on economic growth, including potential infrastructure spending, could lead to increased inflationary pressures. Higher inflation tends to increase demand for gold as a hedge. Interest Rate Impact: If Trump's policies lead to economic growth without aggressive rate hikes from the Federal Reserve, gold could benefit. Low interest rates reduce the opportunity cost of holding non-yielding assets like gold. In summary, if Trump’s policies focus on economic growth with lower interest rates and a weaker dollar, it would likely support a bullish outlook for gold. However, any shift in policies or unexpected geopolitical developments could change the scenario. Inflation never stops.
OANDA:XAUUSDLong
by NZ_Shareman
Gold collapse imminent? 7hr chartPrice action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout the messages, people are euphoric. Market tops print with euphoria. Now this idea is not about who is wrong or who is right, congratulations if you've made a profit. The point of the post is to make sure profits are realised. A profit on paper is not a win and the bubble may now be about to pop. 90% of folks long on gold will not collect the recent gains. Why might the party be about to end? A few reasons.. 1) Price action support is broken. This is also true for RSI. 2) Throughout history RSI above 80 on the 3 week chart (below) has been a warning shot for extreme overbought conditions. Look left. Corrections between 20% and 50% are recorded. 3) Price action is at historical macro resistance (see 2 month chart below). Is it possible this time is different? Sure. Is it probable? No. Ww 3 week 2 month
OANDA:XAUUSDShort
by without_worries
30
XAU! 11/6! Gold price down - soon to $2700XAU / USD trend forecast November 6, 2024 Gold price (XAU/USD) struggles to build on Tuesday's rebound from the $2,725-2,724 region, hovering between small gains and losses in Wednesday's Asian session. Rising demand for the US Dollar, fueled by exit polls showing Donald Trump leading in key swing states, poses a challenge for gold. Additionally, a strong rise in US Treasury yields and a risk-on market mood put further pressure on the non-yielding metal. However, expectations of heightened volatility around the US election results prevent traders from taking strong bearish positions, which should help contain any significant downside for gold. After clearing the liquidity of the 2748-2750 price range, the gold price is still moving in the 2730-2745 price range. The election results will create a positive and optimistic financial market. The gold price cools down - drops to 2700 /// SELL XAU : zone 2742-2745 SL: 2750 TP: 50 - 150 - 300 pips (2715) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
9