XAUUSD ready for next leg UP!Hi fellow traders, XAUUSD is ready to make a move higher from the blue box after completing the flag correction. Target the 2806.01 level. Good luck and trade safe!
Goldlong
Scenario GOLD levels update This view of gold actually somehow confirms that I should be on the good side of the market, outside of the original analysis, we could see a false breakout from which the price consolidated around the zone marked by me, which may show us a head-and-shoulders formation, which may be followed by a correction against this formation
Gold’s Sharp Decline Brings Profits; Ready to BuyI predicted it in advance—the election results would boost the dollar, leading to a drop in gold. Do you trust my analysis? Have you ever traded with such precision? If you followed my suggestion, I’m sure you’ve made a substantial profit! Gold’s volatility remains high, and it may drop below 2700 before rebounding. I’m ready to start buying—are you joining in?
11.6 Gold price plunged sidewaysAfter the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to rise sharply, and the non-US has already reacted very clearly, and the gold price is following closely. The 2745 dry short price has fallen to 2731 in the morning. Repeatedly go up to 2749 and do short again! At present, 2750 is the second highest point of the gold price. Wait patiently for the large short volume! This sideways trading is to accumulate power for diving!
Intraday strategy:
SELL: 2745 2750 Target: 30------20
BUY: 2700 2705 Target: 35-----40
XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700The XAUUSD (gold) market has a strong initial demand zone at 2722-17 , where a pullback is expected before facing resistance at 2747-53 , which is forecast as a significant supply level. Our major aim is 2700 , which corresponds to a robust daily demand zone.
Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia , have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
If you find this analysis helpful, please consider boosting this idea. Thanks!
XAU/ USD! 11/5! Gold short term recovery! Aiming for target2705XAU / USD trend forecast November 5, 2024
Gold price (XAU/USD) recovers from an intraday dip, holding near $2,735 with little change heading into Tuesday's European session. Safe-haven demand driven by the close US presidential race and potential for increased Middle East tensions supports the metal. Additionally, as traders pull back from the "Trump trade" and anticipate further rate cuts from the Federal Reserve amid a cooling US job market, US Treasury yields decline. This has led to renewed US Dollar selling, adding further support for gold as global equity markets maintain a cautious outlook.
Election results approaching - slight recovery before sharp decline, heading towards 2705
/// BUY XAU : zone 2734-2731
SL: 2726
TP: 50 - 150 - 300 pips (2761)
Safe and profitable trading
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48
Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF
GEOPOLITICS
As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price
US ELECTIONs
As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
GBPJPY SELLAs in our previous anylisis we had told that price will go for previous high to be touched and price had done the same and as market sentiment has changed price is moving in to bearish movment and we predict that price will return to its support level of 196 and lower than that so we are at a bearish run for today and tomorrow
Perfect Time to Buy Gold! Morning Star Signals Further UpsideGood morning, everyone! A new day, a new opportunity! Yesterday’s trading brought us solid profits, and today we aim for even more gains.
In the current gold market, I believe buying is the optimal strategy. In the short term, gold is likely to rise before a potential pullback. What’s behind this view?
Take a look at the 30-minute chart: gold has successfully broken through the MA60 resistance and has formed a “morning star” pattern—a strong bullish signal indicating increased upward momentum. If MA60 can hold as support, gold is expected to rise to around 2745, possibly even reaching 2750.
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing.
2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking).
3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more!
The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
Gold Valuable Insights: for 05-NOV-2024 Your daily Gold trading briefing: Zones, insights, and opportunities.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 1H chart idea already playing out.
We started the week with a gap above at 2751 and a gap below at 2733. We stated that we will see price lay between these two levels and a cross and lock on either levels will confirm the next range.
We got the bearish target at 2733 hit, which gave us the perfect bounce inline with our plans to buy dips. 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 direction for 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
GoldViewFX
Clear Outlook for Gold Rebound: Bulls May Retest 2753At today’s opening, gold formed a long lower shadow, indicating that support remains intact. Currently, the MA5 is undergoing a shift from support to resistance, which, if successful, could signal a short-term bullish trend and a potential move higher.
I expect gold to approach the MA60, around 2745, followed by a pullback to retest the MA5 to confirm support, potentially reaching 2753. Thus, buy orders placed on Friday may see profits today.
However, as we approach the New York session, gold may encounter downward pressure. The daily chart shows a notable bearish divergence, suggesting a long-term trend shift. Barring a major bullish catalyst, this divergence may only resolve through further declines or consolidation. Iran’s possible retaliation could serve as a pivotal event.
Meanwhile, tomorrow’s U.S. election is expected to bolster the dollar, potentially adding pressure on gold. Today’s strategy favors buying, but attention should shift to selling opportunities tomorrow.
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
GOLDgold analysis
Time frame of 4 hours
Considering that the 4-hour time frame of gold is still bullish, you can look for buying deals when the price reaches the specified area.
GOLDgold analysis
Time frame 15 minutes
Gold has decreased in this time frame, but due to the fact that the 4-hour and daily time frame of gold is still bullish, it is possible to enter into buying transactions in the areas leading to the price.
Uncovering Today’s Gold Opportunities 04-NOV-2024Gold trading made easier: Explore today's zones and refine your strategy.
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market.
Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now.
However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
11.4 Where will the gold trend go?Last week, the gold market rose and fell. At the beginning of the week, the market opened at 2736.8, then fell back to give a weekly low of 2724.5, and then the market rose rapidly. On Thursday, the market gave a new historical high of 2790.2 for the second time, and then the market fell strongly. The weekly line finally closed at 2735, and the weekly line closed with a shooting star pattern with a very long upper shadow line. After such a pattern ended, the market had a signal of a decline this week. In terms of points, the long stop loss of 1996 and 2028 below is followed at 2600. Today, the short stop loss of 2752 is 2757. The lower target is 2730 and 2724. If it falls below, the support points of 2716 and 2705 are seen.
BUY: 2720 Target: 2740------50
SELL: 2755 Target: 2730------20
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
Gold Referring to my previous idea about gold and healthy retracement is required which is logical for me and it happened, gold is reminding me by strong man who dont accept loss at all, so the retracement is just a rest from accelaring extended bull run rally .. any way about gold and from my point of view maximuim retracemnt is up to 2683 2695 levels . Also level 2713 is god but im giving gold achance to take breath, uptrend will continue to marked targets .
"" gold is strong man who Dont accept loss""
GOLD BUT OPPORTUNITYThe price has reached the bottom of the channel,
and has reached its breakeven
a great support point
To increase the percentage , entr with Signal Bar Key bar
Tp1: 2.800
Tp2: 2.820
PS : 2725 COMEX:GC1!
