Gold Potenital UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2600 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2600 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 4420
Market Analysis: Gold Price Takes HitMarket Analysis: Gold Price Takes Hit Gold price is declining below the $2,700 support zone. Important Takeaways for Gold Price Analysis Today - Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar. - There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared. The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone. The price is now consolidating losses near the $2,660 level. Immediate resistance on the upside is near the $2,668 level or the 23.6% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low. The next major resistance is near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low at $2,708. There is also a key bearish trend line forming with resistance at $2,725. An upside break above the $2,725 resistance could send Gold price toward $2,760. Any more gains may perhaps set the pace for an increase toward the $2,780 level. If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $2,645 level. The first major support is $2,635. If there is a downside break below the $2,635 support, the price might decline further. In the stated case, the price might drop toward the $2,620 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen228
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. We broke our Key Level mentioned in our channel 2678 . Breaking below it, resulted in a price drop and a clear direction setup. We are now targeting our next KL (Key Level) at 2650 and if broken, we could very easily revisit 2600s (2604.700) to be exact. Overall we will be looking for sells at this point, even though we are extremely bullish on XAUUSD. 2600s is a key demand zone and we could continue back up from there. Expect a signal regarding this soon, join our channel. Message us. KEY NOTES - XAUUSD broke 2678 and dug deeper in the price. - Break of 2650 (our next KL) would result in more sells. - Possible revisits of the key demand zone at 2600s. Happy trading! FxPocketShortby FxPocketUpdated 2223
Hellena | GOLD (1H): Short to support area 2641.84.Colleagues, I believe that the price will continue the downward movement, but before this movement there is a high probability that the price will reach the area of 2734, then continue the downward movement. There are only 2 options to enter the position. Either you take a risk and enter on the market. Or you wait for the local high of 2710 to be updated. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_Trade3315
GOLD SOON NEW ATH AROUND 2850-2900This chart presents a potential bullish setup for gold (XAUUSD). After a recent decline, gold appears to be approaching a signficant support level, marked by the black zone near $2,643. The highlighted accumalation where buyers might step in, looking for a reversal signal. by Nuri1999118
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis Daily resistance 2761, support below 2600 Four-hour resistance 2720, support below 2678 Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday. From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying. BUY:2778near SL:2774 SELL:2720near SL:2725 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.by ActuaryJ229
XAU/USD Analysis: Gold Price Drops to $2,600 per OunceXAU/USD Analysis: Gold Price Drops to $2,600 per Ounce On November 4, when gold was trading around $2,750, we observed bearish signals on the XAU/USD chart. Since then, the price has declined to the $2,600 level, briefly dipping below it — the lowest price since mid-September. According to Trading Economics, investors may be losing interest in gold for several reasons: → Strong U.S. Dollar: A robust dollar reduces gold's appeal as a safe-haven asset. → Optimism Following Trump’s Election: Market participants are reacting to Trump’s fiscal and monetary policy pledges, shifting toward riskier assets. → Upcoming Key U.S. Inflation Data: The CPI data, expected today at 16:30 GMT+3, may reveal no unexpected negative trends. Today’s XAU/USD technical analysis shows that: → Gold’s price is at the lower boundary of the blue channel, which has been extended to reflect recent trading data. → The channel’s median line has shifted from support to resistance (shown with arrows). It is possible that today’s inflation news may catalyse one of two scenarios on the XAU/USD chart: → Bullish Rebound: Buyers may attempt to resume an uptrend from the lower boundary of the blue channel, facing resistance around $2,655. → Bearish Control: Sellers may continue to dominate, potentially making the blue channel less relevant as price stabilises below $2,600. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
Gold: The War Currency — Bitcoin: Prosperity CurrencyIn the past, the world would say WAR! and the market would say GOLD! In the present, the world says GROWTH, PROSPERITY, SUCCESS!, and the market says BITCOIN! ➖ Gold hit a new All-Time High two weeks ago and the next week was followed by the highest selling pressure since March 2022. ➖ Gold peaked and it is set for a downtrend. As Gold is breaking down, Bitcoin is breaking up. We are seeing the evolution of money first hand. What was once a safe-haven, is now being sold to buy the new prosperity coin. Bitcoin is the future of finance. Gold already played its role. As Gold moves down, Bitcoin goes up. The trade of the decade? Buy Bitcoin, sell Gold! Namaste.by AlanSantana17
#2,552.80 achieved, well done!As discussed throughout my yesterday's session commentary: "My position: I currently hold no new orders as I plan to re-Sell Gold ahead of CPI which is on calendar throughout the session. As long as DX is on aggressive relief rally there will be no serious uptrend on Gold as I will Sell every High's which Gold delivers. I do expect CPI to rise which will spike up DX even more as I will re-Sell Gold as near of CPI event. I am looking at #2,552.80 test initially." My Medium-term Target is achieved which I announced more than a Month ago as I kept re-Selling Gold until I achieved #2,552.80 Medium-term Target. This went very good along with my recent Profits as Gold looks to even steeper decline ahead. Technical analysis: The current strong decline towards #2,552.80 benchmark and in addition the #2,542.80 local Low's came as no surprise as it is next to the Weekly (#1W) market Bottom. If we close today's Daily candle in red we will have significant potential to re-test the #2,500.80 benchmark Bottom. What is Highly important to note is that I can spot very Bearish candlestick patterns on Daily chart (Three inside Down and Hammer's) which made me re-Sell every High's which Gold delivered - however also followed strictly DX chart - with DX on aggressive relief rally, never attempt to swim against the tide and Buy Gold at all (as I announced that Traders are underestimating strongest correlation Gold has which is Gold / DX). I still belive that Bullish reversal is not possible. I was expecting #2,500.80 benchmark today but this has to be postponed for mid or end of the week as sentiment might be in jitters due to the Oil crash. For me it is more important that DX met its Daily chart's Resistance / adding heavy Selling pressure on Gold where Selling potential on Gold is significant. I have announced #2,552.80 - #2,600.80 possibility since #2,700's. My position: I am out of all orders and even if DX is skyrocketing, I will monitor the Price-action on sidelines with my Targets and Profit range achieved. Congratulations!Shortby goldenBear8822
XAU ! 11/13 ! SCALPING recovery , CPI newsXAU / USD trend forecast November 13, 2024! SCALPING Gold price (XAU/USD) finds support on Wednesday, pausing its three-day decline to hit a recent low near $2,590, recorded the day before. A weaker performance in equity markets has helped boost the safe-haven asset during the European session. However, significant gains remain limited due to the continued strength of the US Dollar (USD). Gold price moves in sideway trend M15, price range 2600-2610 , waiting for break and recovery to increase price /// BUY XAU : zone 2604-2601 SL: 2598 TP: 40 - 80 - 150 pips (2616) Safe and profitable tradingLongby Moon-ForexAcademyUpdated 558
XAU/USD to melt down I expect Gold to test level 2664.78 before going all the way down. We also need to be aware of CPI today but I think the price will go all the way down to 2559.17 which might be a very huge opportunity for us traders to sell Gold. Trade safe and responsible. Good luck to us!Shortby TeptForex447
GOLD On The Rise! BUY! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2623.4 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2669.3 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Longby AnabelSignals338
XAUUSD 2.695.08 -0.44% INTRADAY MULTI-TF SETUPHELLO TRADERS Hope everyone is doing great 📌 A look at GOLD At the close of ASIA INTO THE LONDON, TO NY PM SESSION - As we draw to the close of the week, looking for GOLD to close bullish. * on the 4H looking for a bearish open with the close of ASIAN SESSION. * PO3 * Push LOWER before going for HIGHER structures LQ pull. 1 HOUR TF * Looking for the mitigation of the bullish OB+. * FVG below has already been mitigated. * if this structure holds, looking for long entries to close the week. * BASED on the price action served next session... * We will see what does the market dish. 🤷♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & 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!Longby PULEMokhothu448
Monday XAUUSD Breakout Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out: XAUUSD Insight: Locked in a fierce contest between 2683 and 2688. Is a breakout near? Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2676, 2669. Upside Watch: Look for buying signals if it rises above! Targets: 2693, 2697.by luxgoldtraderUpdated 44142
XAUUSD Daily AnalysisAccording to our previous analysis which showed the exact movement of Gold (based on ichimoku ), the trend of gold is still upward. So we have correction on chart and expecting to move from the range of 2761 to the first support area ( 2698-2688 ) and then move to higher resistance zones ( 2783- 2788 ) and ( 2814-2819 ). Note: *If the 2761 range (4-hour kijensen) is broken, we expect our expected downward correction from the 2783-2788 range to the the support zones. *if the support of 2698-2688 is broken, the next support zone is (2640-2629). *We trade at all these levels with proper mm :)by SalimiFinancee1818100
XAU/USD : Liquidity Fills and Key Levels Amid Market VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we observe that yesterday, as anticipated, both targets of $2745 and $2748 were achieved, with the price even climbing to $2750. After collecting liquidity above these levels, gold experienced a sharp decline following the announcement of Donald Trump's presidency, dropping to $2701. The price quickly filled the liquidity gap and is now trading around $2724. The key level to watch is $2740—if the price stabilizes below this, further declines toward $2717, $2700, and $2686 are likely. High market volatility persists; inexperienced traders should consider observing the market until it stabilizes. This analysis will be updated soon! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman ShabanShortby ArmanShabanTradingUpdated 9970
This time the decline will be more persistentOur website below bet on Trump's election success before the 5th. Obviously, our goal is right. The United States will continue its trade war with China, the US dollar will continue to appreciate, and the decline of gold is inevitable. It is expected that gold will remain around 2,300 this time. You can click on the website below to follow the market news.Shortby Trading-PatriarchUpdated 115
All that "glitters" is GoldThe recent pull back in Gold signals to a new accumulation phase so that Gold can bounce back to $3110 levels.Longby viswanath4gen224
DeGRAM | GOLD went down in the channelGOLD is in a descending channel below the trend lines. The chart is above the support level. The price has not yet reached the lower boundary of the channel. We expect a bounce in the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Longby DeGRAM2213
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.Short03:59by ForexWizard011110
Could Gold reverse from here?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 2,555.82 1st Support: 2,530.28 1st Resistance: 2,588.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets119
THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG: The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report. So, what now? We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move. For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings. As always, trade safe. KOG by KnightsofGold1166
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our levels being respected, allowing us to buy dips inline with our plans. Same as yesterday, we got the bearish target re-test again at 2733, which failed to cross and lock below confirming the support. This gave us another perfect bounce inline with our plans to buy dips and just fell short of the bullish target at 2751 by a few pips. However, we secured our 40 pips clean. The full gap remains open and therefore we will see levels tested side by side until one of the weighted levels break and lock to confirm the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2751 EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2782 EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET 2799 BEARISH TARGETS 2733 - DONE EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2717 EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2705 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx1313243