XAUUSDHello Trader; Gold is currently finding support at two key levels:
$2680
$2620
These levels are critical for traders looking to capitalize on price movements.
Effective trading, however, hinges not just on identifying support levels but on disciplined money management.
Taking on more risk requires a clear strategy, as success in trading is fundamentally tied to how well you manage your capital.
Xauusdshort
XAUUSD OUTLOOK H4 XAU/USD (Gold) with key features highlighted. Here's a breakdown of the analysis:
1. Order Block and FVG:
The upper blue zone represents an Order Block, an area of institutional interest where selling pressure may emerge.
The Fair Value Gap (FVG) is also marked, indicating a potential imbalance that the price might fill before continuing its movement.
2. Supply Zone:
The mid-level blue zone indicates a Supply Zone, where selling pressure is likely to push the price downward if tested.
3. CHoCH (Change of Character):
The dotted line labeled CHoCH signifies a structural shift from bullish to bearish momentum, marking the beginning of a downtrend.
4. Break of Structure (BOS):
BOS levels are identified, confirming bearish continuation with successive lower lows.
5. Future Projections:
If the price breaks through the resistance in the Supply Zone, it could potentially test the higher Order Block before a reversal.
Alternatively, failure to break resistance may result in a continuation of the bearish trend.
Gold no more bullish? (XAU/USD)The daily XAU/USD chart reveals a completed Elliott Wave (1-5) structure, with wave (5) peaking near the $2,720 resistance level. This marks a potential reversal zone for gold prices.
Expected Corrective ABC Pattern:
Wave A: The initial decline is anticipated to target the $2,605-$2,620 support zone.
Wave B: A minor retracement is expected to occur, likely staying below the $2,720 resistance level.
Wave C: The final wave may extend the decline towards the $2,560-$2,580 lower support zone.
Key Levels to Watch:
Resistance: $2,720
Support Zones:
Middle support: $2,605-$2,620
Lower support: $2,560-$2,580
Trading Strategy:
Given the high sensitivity of gold prices to macroeconomic events, traders should exercise caution. Proper position sizing and setting appropriate stop-loss levels are crucial to mitigate potential risks. Monitoring upcoming economic releases and geopolitical developments is essential, as these factors can significantly impact market volatility.
Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
Trading Strategy Amid Geopolitical and Economic DataMarket Review and Outlook:
During the Asian session on Wednesday, gold attracted some follow-up buying, successfully holding support around the 2630 level and moving up to face significant resistance near the 2650 mark. The ongoing geopolitical risks related to the Russia-Ukraine conflict, coupled with concerns over President-elect Trump's tariff plans, have continued to drive safe-haven flows into precious metals for the second consecutive day.
However, the upward momentum seems to be lacking strength, and with today's key economic data releases—including the initial jobless claims and the U.S. October core PCE price index year-over-year—the market may see more defined direction. Thus, we will adopt a two-way strategy for trading gold today.
Today's Trading Strategy:
Sell Zone: Short positions can be considered between the 2645-2650 range.
Buy Zone: If the price falls back to 2630, look for opportunities to go long.
Market Watch: Given the economic data releases, anticipate increased volatility and stay prepared for quick adjustments.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always adhere to proper risk management practices and avoid overleveraging your trades.
The bears are strong at the end of the year! H1 downtrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold (XAU/USD) dropped over 3% on Monday, wiping out much of last week’s strong rally, which had marked its best performance since March 2023. The decline was driven by Scott Bessent's nomination as US Treasury Secretary and reports suggesting Israel was nearing a ceasefire with Hezbollah in Lebanon, sparking a global risk-on sentiment. This overshadowed slight weakness in the US Dollar and pressured the precious metal.
However, the decline paused near the $2,600 level during the Asian session on Tuesday as renewed safe-haven demand emerged following President-elect Donald Trump’s tariff threats. Even so, expectations of a less dovish Federal Reserve, rising US Treasury yields, and renewed USD strength may limit gold’s recovery. Traders now await the release of the FOMC meeting minutes for further direction.
⭐️Personal comments NOVA:
The combination of many factors causes gold prices to almost certainly continue to decline: Fibo H1, seller liquidity, touching EMA, trendline H1
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2646 - $2648 SL $2651 scalping
TP1: $2640
TP2: $2630
TP3: $2620
🔥SELL GOLD zone: $2688 - $2690 SL $2695
TP1: $2675
TP2: $2660
TP3: $2650
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2615
TP2: $2622
TP3: $2630
⭐️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
Key Resistance at 2630 Ahead of FOMC MinutesMarket Review and Outlook:
As anticipated in my previous post, gold has been trading within a range, primarily between the 2600 and 2630 levels. Although there was a brief breakout above 2630, the price ultimately formed a long upper wick on the daily candle, indicating strong resistance at this level. This reinforces the idea that 2630 remains a crucial resistance zone for the short term.
With the release of the Federal Reserve’s November meeting minutes in about an hour, we can expect the potential for gold to find a new directional bias. From my perspective, the expectations for further rate cuts have diminished significantly, and the overall outlook for the U.S. economy remains relatively stable. With a new president in office, it is unlikely that the U.S. economy will face significant challenges in the near term. Therefore, there is a high probability that the minutes could turn out to be bearish for gold.
Trading Strategy:
Given the current market conditions and the upcoming event, my recommendation is to continue focusing on shorting gold:
Short Position: If gold rises above 2630 again, consider shorting.
Resistance Target: Watch for further downside if 2630 holds as resistance.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always ensure strict risk management and avoid excessive leverage when trading.
XAU sideway - in DOWN range below zone 2646SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Optimism surrounding Scott Bessent's nomination as US Treasury Secretary and progress on the Israel-Hezbollah ceasefire agreement put significant pressure on gold prices at the start of the week.
Expectations that Bessent will adopt a gradual approach to tariffs to address the budget deficit drove a sharp decline in US Treasury bond yields, further weakening the US Dollar.
⭐️Personal comments NOVA:
Gold moves sideways, stuck in the 2600 - 2646 range, still in a downtrend
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2630 - $2632 SL $2635
TP1: $2620
TP2: $2610
TP3: $2600
⭐️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
Gold Rebound as Expected: Target Achieved, Future OutlookGold has rebounded as expected to 2640, and your patience has paid off with excellent profits. Based on the current price movement, if the 2625 support holds strong, approaching 2650 or even breaking above it shouldn't pose much difficulty. Stay attentive and manage your trades accordingly!
Recovery Strategy for Long/Short PositionsAre You Stuck in a Long Position and Thinking of Cutting Losses? Or Has Your Account Been Blown and You Want to Recover?
From my personal perspective:
If you're stuck in a long position and considering cutting losses: I suggest you hold on for a bit longer. Gold is currently in a short-term bottoming process. If you close your position now and prices go up, you will likely regret it. Trading with regret can lead to emotional decisions, and you might make the same mistake again. Patience could bring unexpected gains.
If your account has taken a hit and you're looking to recover: I suggest preparing more funds to continue buying. A rebound is inevitable, and 2640 is almost guaranteed to be reached. My target is around 2650, though it may change depending on market developments. But 2640 is a solid expectation.
If you entered short positions during the recent decline and got caught: You can open a long position to recover while waiting for a rebound. Once the price reaches 2640, you can close the long position and decide whether to add shorts again based on market conditions.
This is my advice, and I hope it helps you make a better decision moving forward.
DOW formation - DOWN trendXAU / USD trend forecast November 26, 2024
Gold prices (XAU/USD) plunged during Monday’s North American session following reports of a ceasefire agreement between Lebanon and Israel, which bolstered demand for riskier assets. Coupled with the announcement of Scott Bessent as the Treasury Secretary in Trump’s administration, this added further pressure on the yellow metal. XAU/USD is currently trading at $2,620, marking a drop of over 3%.
The shift in risk sentiment has been a key factor driving Gold’s decline. The metal has broken below the 50-day Simple Moving Average (SMA) at $2,664, paving the way for potential further losses.
Gold maintains price range below 2700 after ending short-term recovery - DOW wave 5 bar h1 frame
/// SELL XAU : zone 2649-2652
SL: 2657
TP: 50 - 150 - 300pips (2622)
Safe and profitable trading
Gold Continues to Fall!!!The announcement of a temporary ceasefire between Israel and Lebanon might lead to short-term downward pressure on Gold prices, as it alleviates immediate concerns about regional instability. However, any escalation in tensions or broader economic impacts could reverse this trend.
Gold ( OANDA:XAUUSD ) started to fall after the ascending channel broke with the help of the above news .
Gold is trying to break the Support zone($2,644-$2,625) .
According to the Elliott wave theory , Gold completed the corrective zigzag pattern , and we must wait for the next falling waves .
After breaking the Support zone($2,644-$2,625) , I expect Gold to fall to at least the Next Support zone($2,605-$2,584) .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Gold in a Holding Pattern: Awaiting FOMC Minutes for DirectionMarket Review and Outlook:
Since yesterday’s sharp decline, gold has found strong support around the 2600 level, with resistance capping the price below 2630. As a result, gold is expected to remain within the 2600-2630 range today, with limited movement outside of this zone.
The main reason for this confined price action is the upcoming release of the Federal Reserve’s November meeting minutes tomorrow. The market anticipates that these minutes could provide key insights into the Fed’s future monetary policy, which will likely guide gold’s next directional move. Given this, it’s unlikely that gold will experience significant volatility today ahead of the announcement.
Today's Trading Strategy:
Buy Opportunity: If gold drops near the 2610 level, consider going long.
Sell Opportunity: Look for shorting opportunities if the price approaches 2630.
Target Range: Expect gold to oscillate between 2600 and 2630 today.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Please ensure that risk management protocols are followed and avoid overleveraging your positions.
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for.
Since our last analysis on XAUUSD , it has followed the second scenario and dropped down to 2640 and now even lower. With this in mind, we now have again two possible scenarios. We are sitting at two important KL’s (Key Levels) and we will be sitting out until we see a clear break. It might look like a mess, but it’s pretty simple.
Scenario 1: BUYS
We broke above 2640 . That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) 2660 .
Scenario 2: SELLS
We broke below 2604 , and are now targeting breaks of 2590 and revisits of 2550 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660.
KEY NOTES
- XAUUSD breaking above 2640 would confirm buys.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2590 and 2550.
Happy trading!
FxPocket
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
Gold Next Move 2492! read caption OANDA:XAUUSD is trading in parallel channel from last 2 months in H4, as you can see in chart gold is fully bearish till 2565 , all chart patterns bearish, fundamentally also bearish, gold can give possible move of 2561 if gold break it down and continue its trend then we can also see 2492 in gold. we will look good buying opportunity in gold from 2492 for now gold is sell. always use proper stop loss with fund management. all the best traders follow me and share my idea to your friends and family
GOLD | TRUMP EFFECTSome of the investors, who felt that money would enter the markets with the arrival of Trump, transferred their money from gold to riskier assets.
This has worked well for now, but diamond hands will still continue to buy gold. I also see in the book a scenario in which both asset classes may rise in the long run.
I think it makes sense to be involved as a buyer in the blue and green boxes, especially it would be wise to wait for the green box.
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XAUUSD WILL FLY OR NOT FROM 2612?The gold market is on the rise, offering boundless opportunities for those who are ready to trade with vision and strategy. As gold takes flight, this is your moment to harness its momentum, think sharp, and make calculated moves. Let your mind lead the way, turning potential into profit and opportunities into golden realities.
In a market as dynamic as gold, success belongs to those who trade boldly, stay informed, and act decisively. The shimmering allure of gold is more than just a symbol—it’s a gateway to financial growth for those who dare to strategize and seize the moment.
Now is the time to elevate your trading game. When gold soars, it’s not just the metal that shines—it’s your ability to navigate the market with precision and foresight. Trust your instincts, back them with knowledge, and watch your trading journey reach new heights. In the world of gold, fortune truly favors the prepared mind