XAUUSD MARKET OVERVIEWGold prices are currently in a neutral range bound trend,oscillating between the define zones.this reflects lack of clear market direction in short term.it is expected to further sell if it breaks the consolidation zone.
GOLD trade ideas
Gold Trade SetupGold price was breaking H4 Trendline.
theres a Quasimodo SELL on m5 timeframe Today that works well.
now its retesting very good demand zone.
the idea is buy from demand zone with Take Profits 1:3 RR as shown on the chart image.
Gold fell sharply, and the market reversed?The 1-hour moving average of gold begins to turn. If the moving average begins to turn downward, or even forms a dead cross, then the space for gold shorts will be opened. Gold will continue to short when it rebounds in the US market. After gold falls and breaks, it will rebound under pressure at 2,700 and fall directly. Gold will continue to short when it rebounds below 2,700 in the US market. This is the market of gold, which changes rapidly. It may be a carnival for gold bulls in the last second, and a feast for gold bears in the next second.
GOLD BULL RUN ABOUT TO END Gold need a solid retracement which i am expecting to 2270 and will continue it's strong bull rally 4k+ in 2025.
adjustment - accumulate more waiting for interest rate cuts⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) finds support during the Asian session on Friday, recovering some of the previous day's pullback from a five-week high near $2,726. Safe-haven demand remains strong, driven by ongoing geopolitical tensions from the Russia-Ukraine conflict and unrest in the Middle East, as well as concerns about President-elect Donald Trump's proposed tariffs. Additionally, growing expectations that the Federal Reserve (Fed) will implement a third consecutive rate cut at next week’s December policy meeting provide further support for the non-yielding yellow metal.
⭐️Personal comments NOVA:
The price recovered positively during the week around 2700, sideways and accumulated further. Waiting for information about interest rate cuts in December 2024
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2701 - $2703 SL $2706 scalping
TP1: $2695
TP2: $2690
TP3: $2680
🔥SELL GOLD zone: $2721 - $2723 SL $2728
TP1: $2710
TP2: $2700
TP3: $2690
🔥BUY GOLD zone: $2656 - $2654 SL $2649
TP1: $2665
TP2: $2678
TP3: $2690
⭐️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 - Short term reversal after touching strong ResistanceHi dear traders,currently I am looking into a short term correction over gold, hence currently there is quite a lot of positive volatiltiy generated within the Stock & Index market. Additionally with the closure of the Syrian problematic goverment I can see people ease off and liquidate some money from the Safe Heaven Assets and look into boosting and preparing for the Christmas Rally!
Entry : 2,711
Target 2,690
Stop loss : 2,728
RR - 2.20 ~
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
THE FOREX ADVENTURES I XAUUSD 4H TECHNICAL ANALYSIS OUTLOOKXAUUSD 4H TECHNICAL ANALYSIS OUTLOOK
Analysis
Current Situation:
* Gold is currently trading at $2,657 in the 4-hour Order Block.
* The Demand Zone below at $2,613 / $2,623 provides support.
Potential Scenarios:
* Bullish Scenario:
* If any 4H candle break up this 4H order block then take buy entry at retest and set target at $2,685, the next resistance level to watch is the $2,690 / $2,695 level. because there is 4H FVG.
* A break above this FVG could signal a further uptrend, with potential targets at the previous highs around $2,700..
* Bearish Scenario:
* I specially favour in sell trade from this area because there is bearish 4H order block at $2,655 / $2,666. until any 1H candle break up this order block.
* 30M strong sell candle at this level could signal a further downtrend, with potential targets at the $2,630.
Sell Trade Setup:
* Entry: Wait for a 30M strong sell candle down the 4H order block $2,655 / $2,666.($2,695. on a 4-hour timeframe, with a confirmation candle closing below this level.
* Stop-Loss: Place the stop-loss just above the 4H order block $2,655 / $2,666.
* Profit Target: Set the initial profit target at the demand zone ($2,625).
Risk Management:
* Use a position size that aligns with your risk tolerance.
* Consider trailing your stop-loss as the price moves in your favor to protect profits.
IS XAUUSD IMPLUSIVE MOVE POSSIBLE?As completion of W pattern, yesterday i mentioned in our commentary that retracement from 2720 area and we manged to grab 150 pips.
Today what esle scanarios we have ?
Firstly market unable to break the 2720 area it means market didn't break any Candle close above it.
Today PPI NEWS is coming !
If market closes above the 2720 area then our tragets will be 2740-50 in first round.
On the other hand market retest the 2700 benchmark in morning and that time me grab that move of 150 pips. If market gives the closing of 2710 then first our eyes will be 2700 then 2690 and our weekly benchmark will be 2675 .
Gold Short PredictionGold creates HnS pattern in H1 on Resistance level showing trend might reverse into downtrend. Safe TP in on lowest Lower Low which is 2704. I trust this setup to go beyond that level.
Buy gold, TP: 2690-2695Bros, today gold fell sharply and fell below 2695 due to the negative impact of PPI data on the gold market. I reminded in the previous opinion that the 2700-2695 area is the last line of defense for bulls. Once gold falls below this area, it is easy to be sold and continue to fall.
So today I went long on gold near 2702 as planned. After gold fell below 2695, I strictly followed the trading plan and chose manual stop loss near 2693, ending the gold long position with a loss of $4.7K; then I followed up with a gold short position near 2693, and manually closed the position near 2683, ending the transaction with a profit of $4.9K.
It means everything I did in trading today was for nothing,fortunately, I strictly followed my trading plan and strategy to execute the transaction, so even if I lost money in the long transaction, I recovered the loss in the short transaction, and there was no loss overall. Relatively speaking, no loss is the greatest success.
At present, after gold is relatively stable, I have bought gold again near 2683, and the short-term important support below is 2675. I expect gold to rebound to at least 2690-2695. As for the result of the transaction, let us wait and see! 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 BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move.
+ precisely the contrary of NASDAQ with a little more zigzag liquidity
bearish movement as asia market startsFirst, looking at daily closing and H4, i am expecting selling pressure as Asia session starts.
watch out for rebound on the area around 2605 - ensure to only enter if there is confirmation of buying based on chart pattern.
first support area : 2616
2nd support : 2605
max rebound area : 2597
remember to monitor lower TF as possibility to go further to 2597 is also there.
Buy opportunitySignal: Buy
Instrument: Gold CFDs (XAU/USD)
Entry Price: $2,669.86 (current level or slightly better after confirmation)
Stop Loss: $2,651.20 (below recent support and trendline)
Take Profit: $2,791.20 (based on the target zone marked in the chart)
Risk-Reward Ratio: Approximately 1:6
Technical Analysis:
Trendline Breakout: The price has retraced to test a descending trendline as support, which was previously a resistance.
Support Zone: Visible support at $2,659 - $2,651 aligns with historical levels and the current price structure.
Momentum Indicator (SQZMOM_LB): Transitioning from negative (red) to positive (green), indicating bullish momentum is building.
Volume Profile: High volume nodes below current levels suggest strong support.
GOLD BUY | Idea Trading AnalysisGOLD is creating symmetrical triangle and is moving in a descending AND is moving in an UPWARD channel.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Another drop for goldHi traders,
XAUUSD did not much last week.
It's consolidating in the Daily FVG.
It looks like it's making a Triangle correction pattern (orange wave B).
So next week we could see another impulsive leg down to finish the (orange) A-B-C ZIgzag correction.
Or it turns out that the whole bigger correction is a Triangle and we see the next impulsive wave up after it closed above the Daily FVG. Then you could trade longs.
Let's see what price does and react.
Trade idea: My main idea is the first one.
So I would wait for the sweep of the liquidity above and a change in orderflow to bearish to trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
11/12/24 Gold trade ideaHey Gang,
Sorry I've been off sick for a week but here's my main bias for gold going into FOMC next Wednesday.
Currently we are seeing traders find any excuse to dump gold this month which gives us the opportunity to buy gold pullbacks whenever possible.
Key Levels are highlighted in green but main bias is bullish:
- 2715 and 2723 are the key intraday levels to look for clear buys with 2732-40 being first targets and 2750 overall goal.
- We could see a short pullback to 2685 maybe during Asian which could be another opportunity for is to buy the dip however if we see a break and close below we can at least scalp the 50 pip wick back to c 2670.
- SAFEST sells would be a break and close below 2670
As always trade safely and DM with any questions.
Happy Trading
Gold: AnalysisHello Traders,
We are around a volume POC and we might see some problem at going further.
Scalpers could take short trades with LTF Confirmations,
Intraday (week) Traders could take long trades after breaking the white line regarding the 2h chart.
Longer-term traders could wait for break out of the zone confirmed by 4h chart.
Remember that Trump presidency could affect the geopolitical analysis including giving an end to Russian illegal invasion of Ukraine that make capitals out of gold heading to Stocks, however it may have effects on Longer-term traders.
XAUUSD SHORTBased on the RSI on higher timeframes, it looks like the price is likely to drop as the upward momentum is weakening, which can be seen in the price action.
GANN TRADING LESSON: TIME IS MORE IMPORTANT THAN PRICEGANN TRADING LESSON: TIME IS MORE IMPORTANT THAN PRICE – THE CORE OF W.D. GANN’S METHODOLOGY
William Delbert Gann, one of the most enigmatic figures in trading history, built his legendary status on a profound understanding of market movements. Among his many revolutionary insights, none resonate more than his assertion: “TIME is more important than PRICE.” Gann's studies reveal that markets are governed by cyclical laws where TIME dictates market behavior, and PRICE merely reflects the outcomes.
This article delves deeply into Gann’s philosophy, integrating examples, methodologies, and references from his works, to illuminate why mastering TIME can give traders a significant edge.
Understanding the Superiority of TIME in Trading
1. The Foundation of Gann’s Philosophy:
- In his book “The Tunnel Thru the Air”, Gann states, “The future is but a repetition of the past; cycles can be studied and predicted with mathematical precision.”
- This emphasizes that TIME controls market events. Price, on the other hand, is secondary—a mere result of the unfolding TIME cycles.
2. Why TIME is More Important Than PRICE:
- PRICE is Reactive: Price changes happen as a result of events, but those events themselves are determined by TIME cycles. Without the correct timing, price predictions are speculative at best.
- TIME is Predictive: Understanding TIME cycles allows traders to foresee when significant price movements are likely to occur, providing a roadmap for market behavior.
3. The Illusion of PRICE:
- Traders often fall into the trap of chasing prices—buying highs or selling lows—without realizing that markets move within predetermined TIME windows. Gann showed that price breakouts or breakdowns are unsustainable if they occur outside critical TIME cycles.
Key Concepts from Gann’s Methodology on TIME
1. The Law of Vibration: Gann believed that every market has its unique vibration, influenced by TIME cycles. In “The Law of Vibration”, Gann explains that market movements align with natural and cosmic vibrations, which repeat over TIME.
2. Cyclicality of Markets: Markets move in cycles determined by TIME. Gann’s studies revealed major cycles such as:
- The 20-Year Cycle: Markets often exhibit significant highs or lows every 20 years.
- The 60-Year Cycle: This aligns with major economic booms and depressions.
- Planetary Cycles: Gann tied TIME cycles to planetary movements, including the 11.86-year Jupiter cycle and Saturn’s 29.5-year orbit.
3.The Square of Nine and TIME Projections: Gann’s Square of Nine is one of his most famous tools. While often used to predict price levels, it is equally powerful for determining TIME turning points.
Example: The Square of Nine can map out important dates when markets are likely to reverse, based on the angle of price and TIME.
4. Geometry in TIME: In “The Geometry of Stock Market Profits”, Gann emphasized the relationship between price and TIME through angles. A 1x1 angle (45 degrees) represents the ideal balance between price and TIME. Any deviation from this angle signals acceleration or deceleration in the trend.
5. Astrological Influence on TIME: Gann’s work integrates astrology to predict TIME cycles. He studied planetary aspects, transits, and lunar phases to determine when markets would experience significant changes.
Example: Gann highlighted the importance of eclipses, retrogrades, and planetary conjunctions in marking market highs and lows.
Practical Applications of TIME in Trading
1. Time-Price Symmetry: Gann believed that price movements often mirror TIME durations.
Example: If a market drops 100 points over 10 days, it is likely to recover 100 points over a similar TIME interval.
2. Repetition of Historical Cycles:
Gann showed that the 1929 crash followed a similar TIME pattern to earlier financial crises. By studying historical TIME intervals, traders can predict future market events.
Timing Highs and Lows:
3. Use Fibonacci TIME zones to identify when markets are likely to peak or bottom. Combine this with Gann’s techniques, such as using the Square of Nine, for precise predictions.
Seasonality and TIME Cycles:
4. Markets are influenced by seasonal and cyclical TIME patterns. Gann demonstrated that major market reversals often coincide with solstices, equinoxes, and other seasonal turning points.
Examples of TIME’s Importance in Gann’s Predictions
1. The 1929 Stock Market Crash: Gann predicted the crash using TIME cycles, noting that it occurred 60 years after the Panic of 1869 and 30 years after the 1899 bear market.
2. The 1987 Crash: Gann’s methods, when applied to long-term TIME cycles, also align with the 1987 crash. It occurred exactly 58 years after the 1929 collapse, reflecting the repetitive nature of TIME cycles.
The Interplay Between TIME and PRICE
While PRICE is easier to track and analyze, Gann believed that the greatest trading success comes from aligning PRICE movements with TIME predictions. He illustrated this in his “Master Forecasting Course”, where he taught students to:
- Map out major TIME cycles.
- Identify the angles and relationships between TIME and PRICE.
- Use TIME as a framework to validate PRICE movements.
Steps to Master Gann’s TIME Methodology
Study Historical Cycles:
- Identify significant market events and analyze the TIME intervals between them.
Use Tools Like the Square of Nine:
- Plot critical TIME intervals to predict market reversals.
Combine TIME Analysis with Price Patterns:
- Validate price movements with TIME projections to confirm trends or reversals.
Incorporate Natural and Planetary Cycles:
- Use planetary ephemerides and lunar calendars to enhance TIME forecasts.
Conclusion: Why TIME is the Ultimate Edge
Gann’s timeless wisdom teaches us that focusing solely on PRICE is like chasing shadows. TIME is the true master, dictating when markets turn, rally, or crash. By mastering TIME, traders can move from being reactive to predictive, seizing opportunities before they manifest.
As Gann said, “When TIME is up, price will reverse.” This simple yet profound truth encapsulates the essence of his methodology. Focus on TIME, and the illusion of PRICE will reveal its secrets.
Join the Discussion:
Do you agree with Gann that TIME is the most critical factor in trading? Share your thoughts and experiences below!
Wedgewe have possible wedge on gold now and if it want be real expect up to 2680-90, extend target up to 2725 , lets see next week
GOLD - at Master of all regions, stay sharp#GOLD - perfect move as per our analysis and now market at his master region, that is today major and key supporting area.
That will be master of all regions, from 26563 to 2667
keep close that region and dont short now until market hold it.
only only short below that on confirmation.
stay sharp
good luck
trade wisely
GOLD/XAUUSD UPDATED LONGTERM VIEWHello traders, we might see a 3000 per ounce of GOLD/XAUUSD end of year or next year.
This is not a financial advice, I see on Weekly candle only but the chart is on lower timeframe.
WE wait below the zone. those previous idea still valid. if you can wait we wait the zone for LONGS.
This is only my view.
Lets see how this idea plays.
For more Longterm views on FOREX, CRYPTOS or other Currency follow for more.
youre here for free see it for yourself.
Thank you for some people still following me even thou Im not totally active on posting on charts.
Im focus on Longterm view.
ciao......
