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XAUUSD: Downward Pressure Dominates!Currently, XAUUSD is fluctuating between 2,644 and 2,706 USD, facing selling pressure from both the 89 and 34 EMA levels. With the USD Index strengthening and U.S. inflation rising, gold struggles to break the 2,706 USD resistance. If tensions in the Middle East escalate, gold might surge to 2,725 USD as a safe-haven asset. However, in the short term, the bearish scenario remains dominant unless there’s a policy shift from the Fed or significant USD volatility.
OANDA:XAUUSD
by Nava_Brish
Gold Faces Strong Selling Pressure, Heading Towards Key SupportGold is facing strong selling pressure below a descending trendline defined by lower highs. All three approaches to this trendline were rejected, indicating strong short-term selling pressure. With the current selling pressure, I think there is a high possibility that the price will continue its downtrend and head towards a strong support zone around $2,650/ounce. If this support zone is broken, the downtrend could push the price further down, towards $2,620 or even lower.
OANDA:XAUUSD
by Maria_aaa
Gold is under pressureAs mentioned in weekly analysis video that gold price is clearly under pressure , we have seen the same today , price is resuming the decline and now moving towards the recent low (2643-52). 𝐎𝐯𝐞𝐫𝐚𝐥𝐥 𝐰𝐞 𝐚𝐫𝐞 𝐢𝐧 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐚𝐧𝐝 𝐦𝐨𝐫𝐞 𝐝𝐞𝐜𝐥𝐢𝐧𝐞 𝐢𝐬 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 . 🔼For Intra day we can consider following levels for buy in scalping (Buy is just valid for scalping only , so trade with tight SL) 1.For Today the buying area is near 2650-52 (Gann Support Level and Last week Low). 2.Can look for buy on weekly S1+ Gann support Level (2635) 🔻𝐀𝐧𝐝 𝐟𝐨𝐫 𝐬𝐞𝐥𝐥 𝐰𝐞 𝐜𝐚𝐧 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨. 1.On pullback and under Weekly pivot + Under resistance trendline 2.On breakdown from Last week Low (Price need good volume to breakdown last week low so keep watching the volume near this Level). Imp Levels : Weekly Pivot :2692 Weekly S1,S2:2635,2585 Weekly R1,R2:2741,2799 𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Buying is valid for scalping only and we have to wait for good confirmation on daily TF for any good buy opportunities and sell is seems to be more favourable.
OANDA:XAUUSDShort
by iambalramkashyap
Gold Trading Signal for the week starting 11th November 2024Gold Trading Signal: Buy above 2699 Sell below 2680 (Trigger on the close of a one-hour candle) Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in financial markets involves significant risk of loss, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions. : Buy above 2699 Sell below 2680 (Trigger on the close of a one-hour candle) Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in financial markets involves significant risk of loss, and it is essential to conduct your own research or consult with a licensed financial advisor before making any investment decisions.
OANDA:XAUUSD
by ramkkyy
Reliance Industries Weekly Chart Analysis#Reliance Key Levels: Temporary Stop-Loss: ₹1,277.05 Averaging Zone: ₹1,277 - ₹1,144 Strong Stop-Loss: ₹1,130 The Reliance Industries stock is currently trading at ₹1,283.75, witnessing a decline of 4.10% in recent weeks. The key support level to watch is ₹1,277.05, which serves as a temporary stop-loss. If the stock price continues to fall within the range of ₹1,277 - ₹1,144, this zone is considered suitable for averaging. The strong stop-loss level is set at ₹1,130, indicating a critical point for traders to exit if the price breaks below this threshold.
NSE:RELIANCELong
by UmangDadhaniya
Gold Price Plunges Under Pressure From Rising USD and US StocksThe current chart shows that gold prices are under great pressure as the USD Index surged to 105.12, making the USD stronger. This has reduced the attractiveness of gold to international investors. In addition, optimism about the US economic outlook under President Donald Trump and expectations that the FED will pause interest rate cuts have also contributed to the decline in gold prices. The next important support level is at the $2,620/ounce area, a price level that has previously produced a rebound. If the price falls to this level, this could be the point where traders wait to see if there is enough buying pressure to create a temporary recovery. However, if the price breaks the $2,620 level, the price is likely to continue to fall further, towards lower support levels such as $2,600 or $2,580/ounce. Given the current economic factors and the growth outlook of the USD, gold may continue to be under pressure in the coming time, especially when the demand for holding USD is still increasing.
OANDA:XAUUSD
by Maria_aaa
2
Gold : More decline ahead Gold plunged to a three-week low below 2650 today after the 2024 US Presidential election. The Republican candidate, former President Donald Trump, won the contest, boosting the dollar demand and US Treasury bond yields. Gold price closed the last day with a very bearish candle on day time frame and seems like that price can make more decline in coming days...For today the idea is to wait for pullback on or before FOMC rate decision and then selling is seems to favourable. In higher side the fib golden zone is at 2717-34 (For the cycle 2790-2643) , so under this zone sell is good as we have to wait for reversal sign on higher time frame from low side .
OANDA:XAUUSDShort
by iambalramkashyap
2
Gold trying to re claim 2700...What next?we have seen good comeback of gold price in yesterday trading session and gold price tested 2700 level again, on price action gold price re-tested the trendline from where the price breakdown on Wednesday and seems like facing resistance now. In yesterday trading session we have not seen and major rejection in higher side and till now there is no major rejection as of now , so idea is today is to wait for a good confirmation on H4 , or wait till London session , if price stays below 2700 then we can look for sell opportunities Or For a safe sell entry wait for price to either test on main resistance area 2717-37 (fib resistance area) or let it breakdown the daily pivot for today which is at 2685.
OANDA:XAUUSDShort
by iambalramkashyap
Gold is under pressure on Intra dayGold price is still in range ,The US Dollar Index gains ground as early exit polls increase volatility and seems like that the rise in DXY adding pressure on gold , Gold price is hovering over to Gann -90° Level (2737) from the beginning of the week. In higher side the weekly Pivot (2750) is acting as resistance and under this level price can make a move in down side. In down side we have to watch price action at Gann -120° Level (2720) , weekly Pivot 2710 and 2700 for possible buy opportunities (On confirmation on Higher time frame). For Intra day selling seems to be good as of now.
OANDA:XAUUSDShort
by iambalramkashyap
EURUSD - 15M TIMEFRAME ANALYSISFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics