Still sticking to long goldBros, as I said in the last article, gold still failed to fall below the 2605-2600 area, and even failed to fall below 2610, even in the process of falling, and the falling low point is gradually shifting upward, and there is still a certain buying support below. Now gold is still a bargain, so in terms of trading, I still advocate long gold.
And I have already longed gold near 2626 and 2618 according to my plan, and now I expect gold to rebound to around 2640. Of course, I still haven't given up my target of 2650-2660.
Bros, are you long gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Xauusdsignal
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 ! 26 Nov ! SCALPING support zone M45XAU / USD trend forecast November 26, 2024! SCALPING
Gold prices (XAU/USD) continue to trade with a bearish tone for the second consecutive day, hovering just above a one-week low during the early European session on Tuesday. Increasing confidence that US President-elect Donald Trump's expansionary policies will drive up inflation and reduce the likelihood of further interest rate cuts by the Federal Reserve (Fed) has pushed US Treasury yields higher. This, in turn, has renewed demand for the US Dollar (USD), weighing on the appeal of the non-yielding yellow metal.
Gold price continues to fall - moving towards long-term support zone 2605, slight recovery reaction
/// BUY XAU : zone 2606-2603
SL: 2600
TP: 40 - 80 - 150 pips (2618)
Safe and profitable 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.
Gold may continue to rebound to the 2650-2660 areaBros, after testing the support of the 2605-2600 area, gold rebounded again. The current highest has rebounded to around 2633. Will gold continue to rise?
In fact, gold fell from around 2721 yesterday and has now reached a low of around 2605. Although the decline has exceeded $116, it has not effectively destroyed the long structure, so gold still has the possibility of continuing to rebound upward. Judging from the current structure, the short trend of gold has not ended, but before continuing the short trend, gold may still rebound to the 2640-2650 area, or even the 2655-2665 area in the short-term structure, and then continue the short trend.
Therefore, if gold retests to the 2620-2610 area, we can consider going long on gold again. Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
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
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips.
Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences.
But let’s set aside the preamble and dive straight into what we might expect from gold in the near future.
In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level.
True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question.
Key Levels and Trading Strategy
- Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point.
- Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade.
Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully.
Keep in mind, anything can happen in these market conditions—stay prepared!
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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Gold falls sharply, is there a turnaround for bulls?Bros, today gold has fallen since around 2721, and currently has dropped to the lowest level around 2616, with a drop of more than $105. During the decline of gold, the bulls have no ability to resist. So, is there no hope for the bulls' energy?
In fact, gold bulls have not completely given up at present, and the bulls' energy is still organized and resistant in the 2610-2600 area. So the bulls still have the strength to fight back. If gold fails to fall below the 2610-2600 area in the first time, then gold may still rebound to around 2635-2640.
Therefore, after a sharp decline, near the short-term support area, we should not be too bearish on gold. On the contrary, if gold falls back to the 2610-2600 area and does not fall below, we can consider starting to go long on gold.
Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold profits double in one dayGold's 1-hour moving average has begun to turn downward, and gold may have new room for decline. Gold fell again in the US market, and the gold bears performed. Gold rebounded in the US market and the highest pressure was 2688, and then began to fall back. The US market rebounded below 2688 and continued to go short. Gold rebounded near 2645 and continued to go short. If it is weak, then the rebound near 2645 can continue to go short. The decline of gold has not ended, and new downward space has been opened. The price of gold will continue to run towards lower points.
The short-term focus on the upper side is the 2655-2650 line of resistance, and the short-term focus on the lower side is the 2605-2600 line of support
Gold’s Volatile Ride: What’s Next for the Medium-Term Trend?Gold has been experiencing unusual price movements and heightened volatility over the past two weeks.
Two weeks ago, the price saw an initial drop of 1500 pips. However, last week, it staged a sharp recovery, rallying almost uninterrupted—ignoring resistance levels—and closed the week strongly bullish at 2720.
As if that weren’t enough, the start of this week brought a sudden drop of 600 pips within just a few hours of the market opening.
This raises the critical question: What is Gold’s medium-term trend?
In my view, despite last week’s strong rally, the medium-term trend for Gold has shifted to bearish. Last week’s high might represent a lower high compared to the all-time high.
I plan to look for selling opportunities around 2700 and slightly higher, targeting the 2650 support level as an initial objective.
Gold Under Pressure: Stay Bearish as Trend ContinuesMarket Review and Outlook:
Dear traders, today’s shorting strategy around 2688 has likely provided profits for those who followed the signal—congratulations to those who seized this opportunity! For those who missed it, don’t worry; there are still plenty of chances ahead as the market continues to offer ample trading opportunities.
The sharp decline in gold prices recently has been driven by expectations of a ceasefire agreement in the Middle East, which has significantly reduced safe-haven demand. This, coupled with a drop in geopolitical tensions, has caused gold to remain under pressure. While some traders may consider going long at current levels in anticipation of a rebound, I must emphasize that trading is not gambling. The key to success lies in aligning with the prevailing trend to minimize unnecessary risks.
From both a fundamental and technical perspective, a reversal in gold prices appears unlikely in the short term. Bearish sentiment remains strong, and the trend is firmly in favor of the bears. Therefore, a short-biased trading approach should continue to dominate under the current market conditions.
Today's Trading Strategy:
Gold has formed a significant short-term resistance level around 2640. If the market experiences a slight rebound, this will offer another opportunity to enter short positions. The upside potential is limited, while the downside has substantial room to move.
Recommendation: Look to short again around 2640 during any brief upticks.
Risk-to-Reward: The downside potential remains strong, while the upside is limited.
Advisory Note:
The broader trend is clear, and for those unsure how to navigate the market, feel free to reach out for assistance. Recent VIP strategies have shown solid performance, but as these are based on trend analysis and not precise trading signals, some users may have misunderstood the approach, resulting in losses or trapped positions. If you find yourself in such a situation, please contact me for help.
For those considering joining our VIP service, now is a great time to apply for a free trial to gain a clearer understanding of the value we offer. Feel free to reach out for more information!
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Always use sound risk management practices and avoid overleveraging in your trades.
Let me know if you'd like to further refine or adjust any details!
XAUUSD Buy After recovering toward $2,700 during the European trading hours, Gold reversed its direction and dropped below $2,650. Despite falling US Treasury bond yields, easing geopolitical tensions don't allow XAU/USD to find a foothold.
The daily chart for XAU/USD shows the risk skews to the downside. The pair accelerated south after breaking below a now bearish 20 Simple Moving Average (SMA), while technical indicators turned sharply lower within negative levels after failing to overcome their midlines. The 100 and 200 SMAs maintain their upward slopes, with the shorter one currently at around $2,563, a critical support level in the upcoming sessions.In the near term, and according to the 4-hour chart, XAU/USD is also at risk of extending its slide. The pair fell below all its moving averages, with the 100 SMA gaining downward momentum at around $2,655. Finally, technical indicators head firmly south within negative levels without showing signs of bearish exhaustion.Spot GOLD trades around $2,630, having shed roughly $30 after Wall Street’s opening. The bright metal has been under selling pressure since early in Asia, maintaining a sour tone as the day comes to an end. XAU/USD fell despite the broad US Dollar’s weakness, as a better market mood pushed investors away from safe-haven assets.