The market is showing signs of a rejection What im seeing is the market pushing to create zones so that sellers can join I will be looking to see what happens at the fvg
XAUUSDK trade ideas
Maximum projection of Zigzag has touched (Be Aware)Dear Traders,
Those who are trading according to 1 hour chart, gold price has reached the maximum projection of Zigzag correction 261.80%
Opening short position in these level may be suicidal according to wave analysis.
XAU ! 11/ 14 ! Waiting for short term recovery 2575XAU / USD trend forecast November 14, 2024! SCALPING
Gold prices (XAU/USD) hit their lowest since September 19, around $2,550, early in the European session on Thursday. Ongoing demand for the US Dollar (USD), driven by optimism about President-elect Donald Trump’s anticipated expansionary policies, continues to weigh on the metal, marking its fifth consecutive day of declines.
Price is in very strong support zone D frame - waiting for recovery reaction 2575
/// BUY XAU : zone 2547-2544
SL: 2541
TP: 40 - 80 - 150 pips (2559)
Safe and profitable trading
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD was trading in a
Strong uptrend but now
We are seeing a bearish
Breakout so we are locally
Bearish biased too so we
Will be expecting a further
Move down
Sell!
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Prepare for Short-term Opportunities
Gold has recently faced notable challenges, experiencing declines due to a
strengthening U.S. dollar and a bearish shift in investor sentiment toward
riskier assets. Over the past week, gold prices fell approximately $130, with
bearish pressures dominating due to reduced uncertainty in the broader market.
The dollar index has exhibited bullish behavior, which often correlates with
falling gold prices. Despite bullish expectations for future gold performance,
recent trends indicate a struggling asset grappling with significant downward
momentum.
Key Actionable Insights and Takeaways Specific to Gold
- Anticipate continued declines; consider short positions in light of current
market conditions.
- Watch for necessity in gold miners to demonstrate strength for potential
shifts in gold's trajectory.
- Be prepared to react to fluctuations in dollar strength and assets like
Bitcoin that could further impact gold.
Sentiment Analysis Results for Gold
- Current sentiment: 5.48
- Last week's sentiment: 4.34
- Sentiment change: 1.14
- Total mentions across all sources: 324
The increase in sentiment reflects a growing awareness among investors regarding
potential opportunities and risks in the gold market.
Summary of Expert Opinions on Gold
Experts indicate a prevailing bearish sentiment towards gold, suggesting further
declines may be expected in the near term. The mixed signals from gold and
silver markets warrant caution, with indicators of bearish trends possibly
outpacing bullish signals in the coming week. For those considering gold
investments, the prevailing consensus suggests a focused approach with strategic
entry points.
Relevant Price Levels: Targets and Stops
Based on the wisdom of all professional traders, here are the defined targets
and stops for next week:
- Target 1: 2653
- Target 2: 2630
- Stop 1: 2700
- Stop 2: 2675
For longer-term investors, consider monitoring price levels of 2790 for
potential significant movement in the upcoming months.
Notable News or Events Affecting Gold
Gold has been navigating challenges related to broader economic indicators,
including concerns around inflation, which may lend it a brief reprieve against
inflationary pressures. Additionally, any significant political or macroeconomic
developments leading into next week could alter market dynamics and investor
sentiment.
XAUUSD SELL @ 2695We will be looking to short gold around 2695. Price currently sitting at 2684 will rise to 2694 where we can look to go short towards 2664. Allow the price to come to you, do not rush any trade.
The downtrend of GOLD is still dominantUnder pressure from the strengthening of the US Dollar TVC:DXY and as markets digest the potential impact of Donald Trump's victory on US interest rate expectations, OANDA:XAUUSD fell again on Friday (November 8) after recovering. Biggest weekly drop in months.
The Federal Reserve cut interest rates by 25 basis points on Thursday but said it would adopt a cautious strategy for further cuts. Trump's victory has raised questions about whether the Federal Reserve will cut interest rates more slowly and in smaller amounts because of the former president's tariff policies.
However, Federal Reserve Chairman Jerome Powell said the election results would have no "short-term" impact on monetary policy. So far this year, expectations of a half-basis-point interest rate cut starting in September have supported gold's record recovery.
Although OANDA:XAUUSD considered a safe haven from inflation but a possibility for higher interest rates has reduced the appeal of non-yielding gold.
Due to Trump's tariff policy, his election has led to market speculation that the pace of interest rate cuts by the Federal Reserve could be smaller and slower.
Federal Reserve Chairman Jerome Powell did not provide advance guidance on monetary policy and left options open at future meetings. He emphasized that because the economy is strong, the Fed can take its time lowering interest rates.
Powell acknowledged that even after Thursday's rate cut, policy remains limited as officials aim to lower interest rates to neutral levels.
In terms of Friday's economic data, the University of Michigan's Consumer Confidence Index showed US consumer confidence rose to a seven-month high in early November and an index measuring US expectations Households on the future rose to their highest level in more than three months.
Specific data shows that the initial value of the University of Michigan's consumer confidence index in the United States increased to 73.0 in November, much higher than the previous value of 70.5 and expectations of the market is 71.0.
Additionally, the preliminary value of the University of Michigan's expectations index in the US rose to 78.5 in November, the highest since mid-2021.
These surveys were conducted between October 22 and November 4, before Mr. Trump was elected president of the United States.
Overall assessment of the current fundamental picture is that Gold is suffering from two main impacts as President Trump is likely to boost the USD due to his tariff policies and economic trends, this is not true. Gold's correlation with the US Dollar is beneficial. On the other hand, gold is supported by the Fed's interest rate trend, and the market's expectations of continued interest rate cuts.
However, in the short term, with Trump newly re-elected, the need to create an impression may dim the market's attention to the Fed and gold will be under more pressure from the USD's potential.
According to official data released last Thursday, the People's Bank of China's (PBoC) chain of stopping gold purchases extended to the sixth month in October.
China's gold reserves reached 2,063.84 tons at the end of last month. However, the value of this gold reserve has increased thanks to the continuous increase in gold prices. As of September 30, the value of the country's gold reserves had increased to $191.47 billion, up from $182.98 billion at the end of August.
About this week's economic calendar
Next week's economic calendar is relatively light, with major economic news events including US core October CPI data on Wednesday, PPI report on Thursday and data on claims weekly unemployment claims as well as US retail sales data on Friday.
Federal Reserve Chairman Jerome Powell will also speak on Thursday, his first opportunity to comment on the incoming administration and central bank independence. These events will be the focus of market participants and could have an impact on the gold market.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold stopped recovering after reaching EMA21, the most recent key resistance level noted by readers in previous editions.
Currently, the weakening momentum is also limited with the closing position still above the $2,684 technical point which is the nearest horizontal support and then the 0.50% Fibonacci retracement level.
Although the downward momentum is limited, in general the trend and technical conditions are still leaning towards the possibility of a decrease in price with the short-term trend being noticed by the price channel and important resistance at EMA21, on the other hand, The relative strength index (RSI) is also bending downward from the 50 area, showing signs that there is still ample room for price decline ahead.
Judging from the technical chart, gold tends to decline in price and notable points will be listed as follows.
Support: 2,668 – 2,640USD
Resistance: 2,697 – 2,700 – 2,710USD
SELL XAUUSD PRICE 2721 - 2719⚡️
↠↠ Stoploss 2725
→Take Profit 1 2714
↨
→Take Profit 2 2709
BUY XAUUSD PRICE 2639 - 2641⚡️
↠↠ Stoploss 2635
→Take Profit 1 2646
↨
→Take Profit 2 2651
GOLD Risky Long! Buy!
Hello,Traders!
GOLD fell down sharply
But the price has reached
A horizontal support of 2604$
And as Gold is locally oversold
We will be expecting a local
Bullish rebound
Buy!
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Gold 1H Intra-Day Chart 14.11.2024Gold is really oversold right now. I am looking for some retracement as relief to sellers. I will then look to short the market back down again.
GOLD Update: Consolidation Zone with Bearish Breakout RisksTechnical Analysis
The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday.
Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs.
A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential targets at 2629 and 2644.
Key Levels:
Pivot Point: 2587
Resistance Levels: 2606, 2616, 2629
Support Levels: 2574, 2553, 2526
Trend Outlook:
Consolidation between 2587 and 2606
Bearish trend below 2587
previous idea:
Scalping XAU ! decreasing trend M15SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.
"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.
⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
TP3: $2650
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD / FURTHER DECLINE / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4HTIME FRAME
HELLO TRADERS
. Current Downtrend: The price is currently in a downward movement.
Demand Zone (Support): The analysis identifies a demand zone between $2,565 and $2,551. A demand zone typically represents a price level where buying interest is strong, potentially causing the price to stabilize or increase.
Expectation if Stabilization Occurs , If the price stabilizes above this demand zone, it suggests a potential rebound , The price may then move upward to reach a supply zone between $2,618 and $2,618. (It seems this zone might have been mistyped, as it should likely be a range.)
Further Increase if Supply Zone Breaks , If the price closes above the supply zone with a 4-hour (4H) candle, this signals continued upward momentum , This could lead to an increase toward a higher supply zone between $2,732 and $2,749.
Further Decline if Demand Zone Breaks , If the price falls below the demand zone (between $2,565 and $2,551), this suggests a likely continuation of the downtrend, with further declines in price expected.
gold trade setupthis is gold trade setup in downside. how gold react in down side and how to go up that is important.
Sunday and Monday Projection for GoldGold established its daily low on friday but I do not feel that was the full depth of the move. I see it going lower upon market open and then rejecting the lower key zone which will form the Sunday Low and send price in a bullish manner to create a new high. So we should be looking to short til we reach the lower Key Zone and then we should be looking to buy!
Gold is in the Bearish DirectionHello 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
Gold BuyAfter testing 30% Fib , Gold is gearing to move Upward target is 2725-2737 from where deep selling will start to target 2605 where double bottom will be created and from there buy target will be 2800
If XAUUSD closes below 2588, IT AIN'T stopping before 2560As I look forward on the chart through technical point of view the nearest support to the gold is the Fvg zone where it is taking halt for some time and it is the 2590 to 2600, once it breaks it down there would be no looking back till 2560,
As the situation in the Us gives rise to the idea of fed not cutting interest rate down further in the coming moth of December and inflation data also seems like it is going to rise which further strengthens gold to stay above 2590 levels and it may bounce back to previous sessions highs which is around 2700. OANDA:XAUUSD
XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
Gold: Medium to Long-Term OutlookWe believe that gold is currently in wave of the fourth wave and may have completed this wave in October 2024 at the level of 2789. Gold finished its third upward wave in 2011 at 1920, after which it declined to 1046 in November 2015, which we interpret as wave of the fourth wave, rather than the complete fourth wave as many analysts worldwide suggest. Our reasoning lies in the internal structure of the subsequent rise from 1046 to 1375, reached in July 2016. This upward structure evident on the chart forms a triple wave, indicating a corrective rather than a five-wave impulse, which suggests that the entire rise from 1046 to 2789 is a corrective wave representing wave . This wave may have ended at its recent high or could still be ongoing. These two scenarios remain valid as long as gold stays above the level of 1810, reached in October 2023. This raises the question: What type of corrective wave is this?
The answer is that this wave is a specific type of fourth-wave pattern known as a (flat), which Ralph Nelson Elliott discussed in his final book "Nature’s Law". He referred to it as an "Elongated Wave C flat" and provided practical examples in his correspondence, known as the "Elliott Wave Letters", which I called it an "Inverted Flat”. Thus, this upward wave may represent an entire Inverted Flat. In this pattern, the initial upward wave (A) ended at 1375, the subsequent downward wave (B) concluded in August 2018 at 1160. and since then, gold may have been forming its final upward wave (C). Within this wave, the first and second sub-waves are completed, and it’s possible that the third of the third wave concluded at the level of 2789 in October 2024—though we consider this scenario less likely.
The most likely scenario is that the Inverted Flat has concluded with an upward move in August 2020 at the level of 2074, labeled as wave (W). This rise was then corrected by wave (X), which ended in September 2022 at 1614. The subsequent rally from that level, which reached 2789 in October, represents wave (Y). This three-part structure—(W) (X) (Y)—may have completed the main wave , setting the stage for a potential five-wave decline with a target low around 1675 with possible extension to 1480. if it develops as a Running Flat.
MACD indicator signaling a potential decline, which has reached a high level, with its line now touching the Signal line. The bearish crossover could confirm the downturn.
El-Sayed Owaidy CETA, CFTe
GOLD UPDATE
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
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GOLD NOW IN BUYING ZONE !!! HELLO FRIENDS
As I can see #GOLD is now trading above 2550 zone and fail to break a strong Support Zone we are watching also Fib levels it's also showing us a great retracement had done but still we can see 0.61 did not achieve we are buying here on the base of daily Strong POI which can give us great pips and also for long term traders it's a great entry Middle East problems escalating by HAMAS & other proxies which investors did not under estimate and they love these types of dip
Ending of year and opening 2025 Trump new elected bad US economy investors always love safe haven not Bonds so we can't miss these incoming moves we had just sent yesterday our perdition on Gold Drop which is attached in comment we need Ur love and boost the idea, so it helps to be many other traders Stay Tuned for more updates ....
XAUUSD H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price has just bounced off our buy zone at 2664- 2668, which is pullback support close to 61.8% Fibo retracement.
Our take profit will be at 2679.84 which is the pullback resistance level.
The stop loss will be placed at 2652,58, an overlap support level.
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