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Xauusd(w)

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 :Due for a pullback: Wait and watch zoneGold sold of hard in yesterday trading session as expected and explained in previous post and now trading below weekly S1 (2635) and currently trading at support area (2605-20) , as we have seen a good decline already so at this support area we can expect a pullback (but still there is no major confirmation of buy on any TF yet) , so idea is to wait for pullback near to major resistance area( 2645-55 : On volume profile ) and confirmed rejection we can look for sell opportunities . Those who want to take risk on buy they either have wait for day candle confirmation or can look for buy your stop will be H4 closing below 2600. 𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Expecting a pullback and then we have to wait for confirmation for a re sell. Current price is not favourable for holding or initiating new sell orders, and for buy we have to wait for confirmation on day close.
OANDA:XAUUSD
by iambalramkashyap
GBPUSD: Continue to prioritize selling The GBP/USD pair extended its decline, dropping below 1.2810 in Tuesday's trading session at the time of writing. The U.S. dollar remains robust as Trump-related trades continue to gain momentum, keeping the downward trend in the major currency pair intact after breaking through chart-marked support levels. On the USD side, the potential for the Trump administration to propose policies like high tariffs, tax cuts, and interference with the Federal Reserve's monetary policy could strengthen the dollar and bond yields, creating additional resistance for GBP/USD.
Short
by Mr_Siro
XAUUSD: Opportunity to Rise from Support Zone!XAUUSD has the potential to rebound from the key support zone of 2,610.967 – 2,648.431, especially if demand for gold as a safe-haven asset increases. If it breaks above the EMA resistance at 2,647.996, the price may continue moving higher. The strength of the USD remains a major factor, but any sign of rate easing from the Fed or escalating geopolitical tensions could strongly boost gold. Many central banks still aim to diversify assets with gold to reduce reliance on the USD. The Fed and other central banks might continue easing monetary policy, creating opportunities for gold to increase in value. The U.S. Core CPI index will be released mid-week, providing the Fed a chance to assess whether inflation is aligning with the 2% target.
OANDA:XAUUSDLong
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
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 trading and investment strategy XAUUSDGold Trading Strategy: Accumulate Buying Above 2,638 with Stop at 2,602 Current Price: 2,622.00 USD Key Levels: Buy Signal: If the price closes above 2,638 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider accumulating buying. Stop Loss: Place a stop loss at 2,602 to manage risk. Long-Term View Negation: The long-term bullish view will be negated if the price closes below 2,600. Market Analysis: The current price is hovering around 2,622.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 2,600 to 2,650 levels, which could act as support or resistance. Recommendations: Accumulate Buying: If the price sustains above 2,638 on the one-hour candle close, consider entering long positions with targets at 2,950 and 3,000 USD per ounce by February. Stop Loss: Place a stop loss at 2,602 to manage risk. Long-Term View: Be aware that the long-term bullish view will be negated if the price closes below 2,600. Intraday Trading: Buy: For intraday trading, consider buying above 2,625. Sell: For intraday trading, consider selling below 2,616. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
Gold Faces Sharp Downward Pressure as USD, Stocks Sink CapitalLooking at the recent gold price chart, I noticed that the downward trend of gold is becoming clearer. Currently, gold is trading around 2,622 USD/ounce, marking a significant decline, especially when the USD Index rose to 105.5 points. With the strength of the USD reaching its highest level in more than 4 months, gold prices have been under great pressure from the greenback. Another important factor is the impact from the energy and stock markets. Crude oil prices fell to 68 USD/barrel, combined with the recovery of US stocks, creating momentum for capital flows into assets with more attractive returns, reducing the attractiveness of gold. In addition, demand from China also contributed to increasing pressure on gold prices. The Chinese central bank has suspended gold purchases for six consecutive months, reducing demand. As a result, investors quickly took profits and sold gold, contributing to this sharp decline. In the short term, I believe the next support level for gold could be around $2,600/ounce. However, given current macroeconomic factors and pressure from other markets, gold is likely to continue to struggle to maintain its growth momentum.
OANDA:XAUUSD
by Maria_aaa
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
XAU/USD: Gold Stuck in Downtrend ChannelBased on the XAU/USD chart on November 9, gold prices are currently "stuck" in a descending channel, with the 34 and 89 EMA lines forming a strong resistance zone around 2,708 - 2,715 USD/oz. This acts as a "wall," blocking gold’s recovery path, showing that sellers still dominate. On the downside, the support level around 2,621 USD/oz serves as a temporary "safety net." If gold holds at this level, there may be a slight rebound to test the upper resistance. Conversely, if this "net" breaks, gold could slide further down within the channel. News factor: Trump's election could push XAU/USD higher due to increased political uncertainty, but it could also pressure prices downward if a stronger USD is expected from positive economic policies.
OANDA:XAUUSDLong
by Nava_Brish
1
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