The Golden Bull: Seizing the Weekly StrengthWe are standing at the perfect entry point. If we get stopped out we'll look for a another re entry as there is macro bullish confirmation on this trade.
Weekly chart closed with a bullish engulfing and expansive candle signaling more upside to come. Lots of confluence on this trade.
Goldlong
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , gold rose from 2550 all the way up to our targeted 2700 Key Level . Right now we are trading at 2680s. What to look out for now? What’s next? We have two possible scenarios.
Scenario 1: BUYS
We broke above 2685 and trading above 2696 . That would confirm continuation buys and we would be targeting 2730 .
Scenario 2: SELLS
We failed to break above 2685 and are trading below it. That would confirm our sells and we would be targeting 2650-2640 .
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2685 would confirm buys.
- XAUUSD failing to break above 2685 would confirm sells.
- Trading above 2696 would confirm our next target 2730.
Happy trading!
FxPocket
Xauusd long Target The overnight breakout above the $2,665 confluence – comprising the 50% retracement level of the recent pullback from the all-time peak and the 100-period Simple Moving Average (SMA) on the 4-hour chart – was seen as a key trigger for bulls. Adding to this, technical indicators on the daily chart have again started gaining positive traction and support prospects for a further appreciating move for the Gold price. Hence, some follow-through strength beyond the $2,700 mark, towards the $2,710-2,711 supply zone, looks like a distinct possibility. Acceptance above the said barriers will reaffirm the positive bias and lift the XAU/USD towards the next relevant hurdle near the $2,736-2,737 region.
Weekly chart confirm
Follow my chart
XAUUSD: 25/11 Today’s Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2750, support below 2637
Four-hour resistance 2720, support below 2650-37
Gold operation suggestions: Gold rose sharply last week, recovering the sharp drop of the previous week. And it stood above the 2700 mark again. After a brief weekly retracement, it recovered in the third week. From the weekly pattern, it has stabilized and rebounded steadily since the low point of 2536. There was no high-high closing low last Friday. The daily line reversed and touched the high trend, and the K-line chart showed strong performance. Gold is currently rising strongly for five consecutive days. It just plunged more than 60 US dollars because of the agreement between Palestine and Israel on the ceasefire plan.
From the current 4-hour gold trend, the important upper pressure is 2710, the short-term support below is 2650, and the support below is 2637. In terms of operation, we will do more operations with a retracement, and continue to be bullish. As long as the market is above 2637, we will continue to be bullish and wait patiently for key points to enter the market.
BUY:2660near SL:2655
BUY:2650near SL:2645
BUY:2637near SL:2634
Quick update Gold longI once shared my long position on gold. Here’s a quick update: it has broken out of the grey-box. On Friday, I posted a small update mentioning this breakout. Now, we’re seeing the retest. Personally, I believe it’s ready for a new all-time high. At this point, it’s a matter of staying patient.
GOLD:Continue to go long
Last week rose too much, there will be a large repair and shock at the beginning of this week, the general trend of the weekly line has been affirmed, yesterday's article I also mentioned, in the repair of the back step is we once again layout more single opportunities, weekly positive bag negative, this week will be the inertia of the long rise, the possibility of turning down again is small, the market is always right, we are just a follow, I still adhere to the trend operation. Also note that the market will be closed this week for Thanksgiving.
V shape is very clear, this week to see a big repair 4 hours has closed the big Yin plunge, and to the market to a surprise, we estimate the repair range is 2660-2710, more single opportunity close to 2660 to continue to do long, the current trend here after the retreat began to pull up, 2665 can also go long, the upper space is large, Continue to retracement 2660 and add long position, target 2700-2710. Short chance estimate is the time before the pressure rebound, the magnitude of this big wave is very large we can both long and short.
Support 2660, strong support 2642, pressure 2700-2710, disc strong and weak water line 2690
Market analysis, trading strategy in the 2690~2721 rangeThe global geopolitical situation is tense, and the risk aversion sentiment of gold is strong. The bullish trend is still the mainstream this week. This week's trading should still be based on low and long. The high point of 2710 last week was broken, and it is possible to see 2750 and 2790 this week. In principle, we still don't guess the top. Combine the pattern to do a good job in each wave of the market. The Asian session opened high and then fell back, with the lowest at 2690. It is currently rising again. Then, the trend point of the day is very obvious. Continue to buy more near 2690!
After the Asian session opened low, gold continued to rise sharply. The upper pressure fell back to 2721. Gold began to fluctuate in the short term, and the gold trend is still bullish. After a continuous surge in gold, it is normal for gold to fall back and fluctuate. However, gold is still bullish now. It is the right approach to continue to buy more after a fall.
The 1-hour moving average of gold still broke through and arranged upward. The short-term fluctuated between 2690-2721. It continued to buy more on dips when it fell back to 2690 in the Asian session.
First support: 2700, second support: 2689, third support: 2675
First resistance: 2720, second resistance: 2735, third resistance: 2750
Trading strategy:
BUY: 2690-2692
SELL: 2720-2723
Gold is Ready For BullHello Traders
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GOLD DAILY CHART UPDATEHey Everyone,
Please see our updated daily chart idea that we updated last week.
This chart is playing out perfectly, as we had the support test at 2560 weighted level with no ema5 cross confirming support for the rejection and bounce like we analysed.
This followed with the bullish target gap at 2629 being hit with a cross and lock opening 2686. 2686 was hit perfectly completing this range. We now have candle body close above 2686 leaving a gap above at 2760 but ema5 cross and lock will further confirm this.
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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAU/USD Longs from 2695.000 or 2665.000 back up to supplyThis week, my analysis for gold leans toward continued bullish momentum. Over the past week, gold has shown significant bullish behaviour, including a clear change of character to the upside on the higher time frame. My plan is to look for buying opportunities at the nearest valid demand zones, specifically the 55-minute or 13-hour demand zones below the current price level.
Following this corrective move, I anticipate another rally to the upside, potentially mitigating my marked supply zones above, where I’ll evaluate for short-term selling opportunities. However, I’ll reassess as the week progresses. For now, my bias remains firmly bullish on gold.
Confluences for GOLD BUYS:
- Price has broken structure to the upside and continues to display strong bullish momentum.
- Both higher and lower time frame analysis indicate persistent bullish pressure.
- Key demand zones provide excellent retracement levels for potential buy entries.
- Significant upside liquidity remains untapped, acting as potential targets.
- Candlestick patterns highlight robust bullish sentiment.
P.S. With ongoing fundamental news driving gold’s bullish movement, my sentiment will remain bullish unless there’s a clear indication of a trend reversal.
XAUUSD: Market analysis and strategy for today 22/11Gold technical analysis
Daily resistance 2750, support 2650
Four-hour resistance 2750, support 2650
Gold operation suggestions: Gold started to rise at the opening of the Asian session today. As of now, gold has reached the highest level of 27000. As the situation in Russia and Ukraine ferments, there is still momentum for rising. Today's idea is still to buy more after stepping back. The 2685 line of pressure is also easily broken, and there is no sign of weakness in the bulls. The recent rise in gold is directly related to the escalation of the situation in Russia and Ukraine. Today is Friday, and we also need to prevent the black swan waterfall from falling in the European and American sessions, so any order needs to be strictly loss-making, and risk control is the first priority.
From the current 4-hour gold trend, the upper important pressure is the 2750 line, the lower short-term support is the 2670 line, and the lower support is the 2650 line. In terms of operation, we use the step-back buying operation. The aggressive strategy is to buy directly and wait patiently for the key points to enter the market.
BUY:2672near
BUY:2685near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.