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Gold trading trends and strategies todayFocusing on technical analysis, XAU/USD retains a bullish outlook, although its upward journey may encounter temporary setbacks. This means there could be transient pullbacks in the uptrend, especially if overbought conditions are reached. We are not there yet, but the 14-day RSI indicator is heading in that direction, In terms of major levels to watch, resistance looms at $2,050. On further strength, the focus shifts to May’s peak near $2,075. Previous attempts to breach this barrier on a sustained basis have been unsuccessful, so history could repeat itself on a retest. However, if a decisive breakout materializes, a rally toward the 2023 swing high becomes a realistic prospect. On the other hand, if upside momentum wanes and sellers spark a reversal, the first line of defense against a bearish attack appears at $2,010. Maintaining this floor is crucial; a failure to do so could reinforce downward pressure, exposing trendline support near $1,990. Below this threshold, all eyes will be on the 50-day simple moving average. TVC:GOLD SELL 2038 - 2040 ✔️TP1: 2033 ✔️TP2: 2028 🚫SL: 2048
TVC:GOLDShort
by TinaTradingGold
Gold trading ideasHello traders, what do you think about gold? Gold price increased to $ 2039 after the last monetary policy meeting of the year it was pushed beyond the threshold of $ 2,000 after the Fed decided to keep the interest rate from 5.25% - 5.5% and emphasized the growth rate Economic heads are slowly and inflation shows signs of "cooling down". Currently, the price that has cooled down is expected to increase the price to be designated after checking the resistance level before. What is your point of view? Do you agree with me? ❤️
OANDA:XAUUSDLong
by KeishaFX
2
Gold trading idea todayHello traders, what do you think about gold? Currently, gold price is trading around the $ 2037 resistance area and is still in the price increase channel, expected to increase at least the specified level when reaching this area. It is important to note that today's meetings of the European Central Bank and Brahmanism's speech, President of the European Central Bank, can cause some fluctuations in the market. Do you agree with me? What is your point of view? ❤️
OANDA:XAUUSDLong
by KeishaFX
Gold Sell Confirm Prediction Or Analysis For Today Gold price (XAU/USD) reverses an early European session dip to over a three-week low and climbs back above the $1,982 level in the last hour. Any meaningful appreciating move, however, still seems elusive amid the uncertainty over the Federal Reserve's (Fed) near-term policy outlook, which might hold back traders from placing aggressive directional bets. Hence, the focus will remain glued to the outcome of the highly-anticipated FOMC policy meeting, scheduled to be announced later today.
OANDA:XAUUSDShort
by Fx_Jack17
Xauusd:Resistance to sell At the time of the risk of key central bank events, the market will face the release of US consumer inflation data within the day, which will play a key role in influencing market expectations of the Fed's next policy actions.U.S. consumer price index (CPI) inflation is expected to be mixed at the front end of the curve. The core consumer price index is expected to jump from 0.2% to 0.3% in November, while year-on-year data is expected to rise slightly from 3.2% to 3.1%. A slight decline.It is expected that the price of gold may hit a low again. Judging from the chart, gold is still in a downward trend. The top focuses on the resistance of 1992-1997, and the bottom looks at the low points of 1975 and 1950, but beware of the impact of CPI data on gold. From a technical point of view, the daily line is currently in a downward trend, and the lowest point of support for the daily line Bollinger band is 1950. The decline of this wave of gold must at least see 1950 to observe whether it can rebound effectively. So we still choose the resistance point to sell. You can observe 1992-1997, 2007-2009, choose the right position to sell, and plan your position reasonably, so that your success rate will be greatly increased. If you don't know how to trade, join me and let us learn together to improve the success rate
FX:XAUUSDShort
by UnknownUnicorn64583787
What GOLD did today - EXPLAINEDGood Morning folks - How is everyone this morning, As per yesterday, I closed my sell around the green circle because if you remember what I said. I mentioned that gold would be temporarily bearish so sells should hold for that long (we know it won't be forever) It seems that I was right to close because price didn't go that much lower after me closing, only really adding 1R to the trade but had I held it it would have definitely come back up to take back profits from me. I have a new analysis this morning because obviously a lot happened and there is new data that we can observe. So let's get into it Firstly just after the green circle you will notice a blue circle I believe that if price has to actually go up (back bullish) it needs to at least clear this area because this would be the lowest point in recent times - which suggests that there would be a great deal of buyers at this level. If there are a lot of buyers at this level we know there are a lot of stops below this level and thus a lot of liquidity trapped below there, if the dealer wants that liquidity he needs to drive price back to that low to stop hunt that level in a way like the (orange line) when and if he gets there is yet to be seen. After the big blue circle we have the 2 yellow lines creating a bullish channel - which again suggests that even more buyers are buying because at the areas below the taps I have indicated, we know that there would be a lot of stop losses below these areas and thus even more liquidity. The question we have to ask ourselves is - does the dealer wish to drive price back bullish while keeping these buyers in their positions and allowing them to win? If I were the dealer - absolutely not, if I were the dealer and I needed liquidity (energy) to drive price bullish and I knew it had liquidity lower, in a heart beat I'd find a way to push price lower to take out those stops As of right now I can't do anything as the market currently is neither bullish or bearish momentum based so I have no choice but to wait and watch but rest assured I'd be watching lol I'd be lying to you if I could tell you what I think is going to happen next - I don't, but sometimes that is set up in such a way to test traders ability to sit and watch. Market isn't doing much - leave it alone, wait for your set up. Don't boost if you didnt read this entire post and didn't even try to understand OR Boost if you did read this entire post and tried to understand See you guys in a few hours for an update :) s3.tradingview.com Just got back from the gym - Checking it now ,seeing as we have news in 15 minutes or so The fact that gold is pushing so aggressively prior to said event - further strengthens the case for sells in my opinion Why would it go through all this stress to buy before the news and continue to buy? when we know we need to destroy buyers at the low This bull push could be to continue to induce buyers at this point only to crash gold further down to take out liquidity of all buyers who bought on the trend and at the low I think the green line is the path for this news event - More sells definitely make more sense to me at this point between now and the news event itself I wouldn't sell yet by the way - I need confirmation of momentum (bearish) first What do you think? Downvote\don't boost if you didn't read this entire post and didn't try to understand OR Upvote\boost if you did read this entire post and did try to understand s3.tradingview.com Update - This bearish candle is worrying me a bit in terms of sells - It is inducing sellers at this point - which suggests that it could be a whipsaw (clear out both buyers and sellers) at this point - Which also makes sense for the dealer Considering the fact that gold hasn't destroyed sellers for the NFP event on Friday - Maybe now is the dealer's chance to destroy EVERYONE The question is if it were going to sell - why would it sell before the news event to start to get sellers interested? I Definitely don't advice trading this market at this time AT ALL I Still think the green line is possible but this is scary Way too dangerous s3.tradingview.com 1 minute time frame shows a break and retest set up - in a class with a student and we just realized this. Price actively targeting the previous high it just created maybe to stop out sellers before actually dropping - that would be lovely At this time buyers again may be induced at this level to buy - which again strengthens my belief for sells Again I am telling you - take my stupid advice, don't try to trade this news event lol s3.tradingview.com Yup it is a whipsaw - Take out both buyers and sellers God alone knows what can happen now - I told you guys to stay away, it was way to dangerous s3.tradingview.com It could still sell from here (in accordance with the green line) however but again the after news volatility is still to high - I still don't advice trying anything s3.tradingview.com That was a disgusting whipsaw - holyyyyyy wawwww s3.tradingview.com How did I know it would likely be a whipsaw? The red candle prior to this candle sold it out - Let me explain So the red candle that closed prior to this current candle is an outlier and the reason for that is simple Why would the dealer go through all the stress of inducing buyers to buy and then try to also get sellers to sell - we have to constantly ask who is the dealer aiming to trap? Originally I thought it would be the buyers alone but as soon as I saw that red candle I had to ask - why is the dealer inducing sellers as well? The answer is he needs to clear the board - take out both buyers and sellers and that is very likely why the move is now playing out like I would have drawn earlier Now that the board is cleared the dealer has enough liquidity (from both side - buyers and sellers) to make his move any way he sees fit. The wick that is being created now further adds confirmation to this fact for me as he is still very much trying to get rid of any sellers who don't know how to deal with FOMO and are selling at this time DESPITE me warning not to do so lol What you going to do right? the money has to come from somewhere - if you are trying to trade this now it is very likely that you are putting money into winning traders pockets later on Godspeed folks Downvote\don't boost if you didn't take the time to read this entire post and didn't try to understand OR Upvote\boost if you did take the time to read this entire post and did try to understand We get paid as traders to UNDERSTAND contrary to popular belief, it is only when you understand you get paid - most traders have absolutely no idea what they are doing and are simply guessing and calling themselves traders STOP. Slow down and try to understand what you are seeing. Good luck to all traders today - Godspeed folks :) s3.tradingview.com
OANDA:XAUUSDShort
by Brandon_evo4
Gold Cpi Confirm Chart The US Consumer Price Index, on a yearly basis, is expected to rise 3.1% in November, at a slightly softer pace than the 3.2% increase recorded in October. The Core CPI figure, which excludes volatile food and energy prices, is forecast to hold steady at 4% in the same period. The monthly CPI and the Core CPI are seen rising 0.1% and 0.3%, respectively. Oil prices continued to decline in November, with the barrel of West Texas Intermediate falling another 7% after declining about 10% in October. Meanwhile, used car prices fell 2.1% in November, bringing the annual rate of fall to 5.8% in that period, according to the Manheim Used Vehicle Index.
OANDA:XAUUSDShort
by Fx_Jack17
1
GOLD Possible News Move?Just got back from the gym - Checking it now ,seeing as we have news in 15 minutes or so The fact that gold is pushing so aggressively prior to said event - further strengthens the case for sells in my opinion Why would it go through all this stress to buy before the news and continue to buy? when we know we need to destroy buyers at the low This bull push could be to continue to induce buyers at this point only to crash gold further down to take out liquidity of all buyers who bought on the trend and at the low I think the green line is the path for this news event - More sells definitely make more sense to me at this point between now and the news event itself I wouldn't sell yet by the way - I need confirmation of momentum (bearish) first What do you think? Downvote\don't boost if you didn't read this entire post and didn't try to understand OR Upvote\boost if you did read this entire post and did try to understand
OANDA:XAUUSDShort
by Brandon_evo4
Gold trading ideas todayThere was little oscillation during the Asian session last Friday. After ascending to $2034, gold plummeted below $2000 after the employment data was released. Moreover, gold once reached $1995, and then rebounded above $2000 after gaining support, ending the two consecutive gains with a big bearish candle, and returning to a weak pattern. At present, gold fell from highs and lost the previous gain in the weekly chart, indicating a downward bearish signal. Nonetheless, gold showed an oversold pattern in the 1H chart, and the MACD located at the oversold area to form a golden cross, suggesting a possible rebound in the 1H chart today. Thus, investors should focus on the resistance near $2009, and aggressive investors can go short with small positions there. Today, the trading range will be from $1986 to $2009, in which investors can buy low and sell high. TVC:GOLD XAUUSD SELL 1996 - 1998 - 2000 ✔️TP: 1086 🚫SL: 2005
TVC:GOLDShort
by TinaTradingGold
GOLD Sells? Despite being a bullish market?Good Morning Folks - So what we wanted to see last week on gold which would be that gold found its directional bias to be bullish again. Yeah, no that didn't occur I Said I wouldn't trust buys until the previous ATH is at least achieved and I stand by that At this time gold is clearly bearish momentum based even though gold itself is a bull market. My question is why? Why would it be bearish in a bull market? My answer? I think there is a lot of liquidity trapped lower that the dealer sees fit to go capture in order to continue his bull move If he could have bought the market you can get your last buck he would have, so we have to assume he can't so who won't I'm monitoring this purple zone here it seems like a break and retest - It also looks like a possible w pattern which would normally signal a reversal to go back bullish but again that doesn't give me a lot of confidence My law says - "Never go against the momentum unless a reversal is clear" - @ekatatrading \ Brandon Abass. So I guess sells are on the table seeing as I don't think that is a likely reversal Don't Boost if you didn't read this entire post and didn't even try to understand OR Boost if you did read this entire post and at least tried to understand Follow me for more breakdowns like this - It's FREE
OANDA:XAUUSDShort
by Brandon_evo4
A GOLD buyers Trap?What's up guys so I've closed my sell but I'm still looking at gold itself and I want to discuss this price action within this green circle here This price action speaks to rejection - it suggests that gold is having more problems moving lower and maybe we should look into buys But I think this in and of itself is a trick being played on us by the dealer - I've seen it before as well Let me explain - There is a question we have to ask here. Why would the dealer simply stop and turn around the market to produce buys right at such a low point. We know that gold is bullish so buyers would really win overall Do you think the dealer wants the buyers to win? I don't think so so what better way to get buyers to lose than to induce them to buy and continue to sell even lower? By no means am I saying we should sell here as there is no confirmation of such but I am saying I feel like this is a trap to buy, makes me not trust it at all Let us monitor
OANDA:XAUUSDShort
by Brandon_evo4