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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

Gold Hits 3-Week Low: Recovery or Further Decline?Gold prices dropped over 3% to a 3-week low on Wednesday (Nov 6) as the USD strengthened following Donald Trump’s victory. Gold has reached a critical support level around 2,642.534 USD/oz, acting as a key "stop point." If strong buying interest emerges here, gold may see a short-term recovery. However, if this support level doesn’t hold, the next downside target could be 2,588.110 USD/oz, where additional buying pressure is expected. The 34 and 89 EMA lines are currently above the price, indicating that the downtrend still dominates. To confirm a recovery, the price needs to climb back above lost resistance levels. Conversely, if selling pressure persists and the price stays below the EMAs, the downward trend is likely to intensify. Investors should closely monitor price reactions at these support and resistance levels, especially as global political and economic factors could lead to strong market volatility.
OANDA:XAUUSDShort
by Zola_Hello
Few things can happen for GoldGood drop because of tight election night so here is the way gold can do; It need to break Resistance 2,663 | 2,685 & 2,700. If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone. If you are in the buy now please be very careful and cautious cuz the resistance are very tight. 2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine. Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much. SL : 2,660.70 or 2,659.75 I known its close but it can spike pretty quickly before you know it. So please use proper risk management Lets make this money
OANDA:XAUUSD
by JoyBoyVegae
XAUUSD Trading Idea 07/11/2024Overall Trend: The chart shows an extended uptrend from the left side, followed by a significant downtrend. There are potential signs of trend exhaustion near the recent lows, but no clear reversal yet. Sentiment: 0 (Neutral) Patterns: Head and Shoulders Top (bearish reversal pattern), Descending Channel (bearish continuation pattern) Strategy: A bearish strategy seems appropriate given the recent downtrend and bearish patterns. Potential short entries could be considered on a break below the recent swing lows or on any failed rally attempts into resistance levels. Alternatively, a bullish countertrend strategy might be viable if the market shows clear signs of a trend reversal and breaks above the descending channel resistance. Sentiment Analysis: The recent sharp sell-off and bearish chart patterns suggest a shift in sentiment towards a more bearish stance, although the market remains indecisive near the current levels. Market Structure: The Head and Shoulders Top pattern identified a major swing high, followed by a series of lower swing highs and lows, indicating a strong bearish impulsive move. The recent sell-off encountered support near the 2663 level, forming a potential swing low. A break below this level could expose further downside targets. Order Flow: The sharp sell-off suggests significant selling pressure overwhelming buyers. However, the recent price action around 2663 shows some buying interest emerging, potentially indicating a struggle for control between buyers and sellers. Potential Entries: Short: 2640, 2620 (break of support) Long: 2695, 2720 (break of resistance) Stop Loss: Short - Above 2720, Long - Below 2640 Take Profit: Short - 2600, 2580, Long - 2740, 2780 Signal Strength: 65 (Moderately Strong) Next Analysis: Monitoring order flow and volume at key support/resistance levels to gauge potential trend continuation or reversal. Additionally, analyzing higher timeframe charts for broader market context and alignment.
PEPPERSTONE:XAUUSD
by Sai2k
THIS WEEK GOLD (XAUUSD) TRADE SETUP PAIR : GOLD ✔ Classic BULLISH formation GOLD is holding continuous UP Trend. Gold created the CURRECTION MOVEMENT fb ABCd or 1 2 3 web. We observe that if the Lower point is rejected or liquidity swipe then the market can come to 2715, 2706 & 2695. If retraces first & BULL RUN then the open market will see 2732 -2730 to go fly 2771 and 2790 levels in ZONE. This week i think gold market SO MUCH VOLATILE bcz us election fact.. So I can take BUY entry our suitable Demand ZONE when the market bull run . If your analysis matches it take a trade otherwise skip the trade. "💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
PEPPERSTONE:XAUUSDShort
by Forex_bank_Liquidity
XAUUSD 3/11/24We have a short bias on gold this week, mainly to establish a better price level in case the market decides to move higher again, based on the daily timeframe gap. This is the first bearish gap in over a month, which indicates a strong chance for a possible sell-off. We’ve marked the lows, and currently, there are no unmitigated areas of demand. Given our bearish bias, this is expected, as previous areas of demand or support are likely to be broken, allowing the price to reach a more favorable level for future buying opportunities. There’s also an area of supply marked above, which could push the price lower. However, we're primarily looking for a short-term sell-off, with a longer-term expectation of reaching all-time highs again, driven by strong fundamentals supporting gold. This pullback is likely a temporary correction in the overall uptrend. Since we haven’t seen a pullback in a while, a correction is ultimately inevitable. Where it will end and turn bullish again is uncertain. This week, our focus is on the liquidity levels marked for potential reactions. Trade based on current price action and follow your plan. Stick to your strategy, manage your risk, and consider the supply area as a possible point for selling into the lows. Follow your plan and stick to your risk.
OANDA:XAUUSD
by rosshayes
2
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend. Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780. Confluences for Gold Sells: - Price has shown a bearish shift on the higher time frame. - Supply zones remain on both the 1-hour and daily charts. - There is significant trendline liquidity below, providing a target for further downside movement. - The dollar has been moving bullishly, which aligns with a potential drop in gold. - Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline. P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell. Have a great trading week!
OANDA:XAUUSDShort
by Hassan_fx
XAUUSD: 4/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2716 Four-hour resistance 2800, support below 2762-16 Gold operation suggestions: Last Friday night, under the influence of a small positive, non-agricultural data quickly reached the 2762 mark and was suppressed and fell back and fluctuated downward, closing below the previous low. From the current 4-hour technical perspective, today's upper resistance is around 2758-63. The intraday rebound relies on this position to continue to look down and fall. The short-term support below is around 2722-2728. The daily level support is 2716. The strong unilateral bulls have come to an end temporarily. Today, the long and short range oscillation trading is maintained, and the key points are patiently waiting for entry. After all, before the US election, the market is viewed as a range fluctuation, and the focus is on the US election tomorrow! BUY:2717near SL:2714 BUY:2727near SL:2724 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLD
by ActuaryJ
XAUUSD 2738 +0.08% SHORT IDEA PRICE ACTION MULTI TF ANALYSIS HELLO TRADERS Hope everyone is doing great 📌 A look at GOLD from HTF - MULTI TIME-FRAME ANALYSIS GOLD DAILY TF * Still in a strong bullish momentum, with Friday coming with some signs of bearish sentiment. * The weekly & daily TF show signs of bullish continuation on Gold. * As Gold took internal range LQ, looking for that external range LQ to be taken. * Friday closed leaving a FVG- This is where I would be looking for long entries. * With PO3 looking to open bullish to confirm a move lower on GOLD. GOLD 4H TF * Looking for the week to open bullish because our HTF BIAS is BULLISH (PO3) . * WEEK open I will probably be looking for short positions before looking long. * We will see what does the market dish. * On the hourly ERL > IRL. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,BOOST & LETS TAKES SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT SOPPORT BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
OANDA:XAUUSDShort
by PULEMokhothu
4