GOLD PREDICTION According to the detailed analysis and trends illustrated within this chart, it becomes increasingly evident that gold prices have seemingly reached a point where further downward movement is not anticipated, suggesting a stabilization or potential resistance at this level, making it highly unlikely for gold to decline any lower from its current position...
Goldlong
Will gold continue to rise?
For now, can gold continue to rally next week? Will there be a new rise? The answer is, of course! Remember, continuity is the key to an uptrend anyway, and look at crude oil to see what rhythm is.
Fundamentals from the overall pattern, risk aversion has not subsided, gold is still in an upward pattern.
The current plate technical point of view, last week's weekly line big Yin and this week's weekly line big Yang echo, rise and fall are also 150 dollars range, the only difference lies in a negative line, a positive line. This week's pull up broke the weekly four consecutive Yin closed a big Yang column, the solid effectively stabilized the upward channel, and closed above the short-term weekly average, the intensive support on the cycle average line is more prominent, the cycle index also maintained upward, weekly long strong;
Therefore, weekly deep V reversal, superpose daily 5 even Yang, a little bit in the long run must be to test the previous high 2785-2790, this position may directly break through, may also be regress after the adjustment to break through.
Either way, the direction is up, so the trading mind only needs to be long, and a pullback is an opportunity to be long. This is also evidenced by our continued bullish thinking this week.
Detailed trading strategies will be updated later, so join me in the discussion
GOLD LONG-TRADE SETUP - NOV 26🚨 Gold Trade Setup – Nov 26 🚨
Hey Traders!
Check out our latest setup for FX:XAUUSD XAUUSD (Gold). 🟡 Here's what you need to know:
📌 Trade Plan:
We’re waiting for tomorrow’s market sentiment and report outlook before triggering a market order. No pending orders for now.
📈 Buy Conditions:
Price must break above $2640 with a clear candle close to confirm trend continuation.
💡 Key Insights:
Current structure suggests a short-term breakout and retest, likely followed by a continuation of the bullish trend.
Be cautious of any perceived sell setups—they may just be bearish traps, especially with the 38.2% Fibonacci SR holding strong.
Fundamentals remain strongly bullish for Gold.
📊 Action Step:
Recreate the setup on your chart, place alerts, and be ready for tomorrow’s confirmation. Let’s trade smarter, not harder! 🚀
Cheers, and happy trading! 🫡✨
World gold prices recovered this morningWorld gold prices recovered this morning due to increased bottom-fishing demand after this commodity fell from 2,720 USD/ounce last week to near the important support level of 2,600 USD/ounce on the afternoon of November 26. .
Currently, investors are waiting for the minutes of the November FOMC meeting of the US Federal Reserve (FED) to get more information about the upcoming US monetary policy, thereby determining the direction of gold in the future. coming days.
Darin Newsom, senior market analyst at Barchart.com, said that gold prices may experience short-term downward adjustments. However, in terms of long-term vision, he believes that this precious metal will continue to increase in price.
Managing Director at Bannockburn Global Forex Marc Chandler also believes that it is likely that gold will continue to rise back to the record high set at the end of October and that a price increase to $3,000 by 2025 is inevitable. have basis.
🔥 TVC:GOLD SELL 2646 - 2648🔥
💵 TP1: 2630
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2656
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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.
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