GOLD TRADING STRATEGY January 14Global Gold Prices Decline as USD Hits 2-Year High
The gold market experienced a decline in prices as the US dollar reached its highest level in over two years. The Dow Jones index initially opened with a decrease but later surged over 100 points, while the NASDAQ and S&P 500 remained in the red. Gold prices also initially dropped following the opening of the US stock market but quickly rebounded as the Dow Jones index began to rise.
Key Market Updates
Gold prices ended the trading day on January 13 with a 1.1% decrease, settling at $2,658.84 per ounce.
The US dollar index reached its highest level since November 2022, driven by a strong US jobs report that highlighted the economy's resilience and diminished the prospects of a Fed rate cut.
The impending inauguration of President Trump and his proposed trade policies, including tariffs and protectionism, may lead to inflation and trade wars, potentially increasing the appeal of gold as a safe-haven asset.
Market Outlook and Expectations
Investors are eagerly awaiting the release of key economic reports, including inflation data, unemployment claims, and retail sales figures, to gain a better understanding of the US economy and the Fed's policy plans. Currently, the market expects the Fed to cut interest rates by 0.25% this year, down from the previous expectation of a 0.4% cut.
Trading Strategies and Recommendations
Despite the current market conditions, which favor a stronger US dollar, gold prices remain within the upward channel and have not shown any signs of breaking down through key support levels.
The current view is to maintain a buying position, with the following entry and exit points:
Buy ZONE: 2662−2660
Stop Loss : $2655
Take Profit : 2668 − 2668 − 2672 - 2676 − 2680
Sell ZONE: 2685−2687
SL: 2692
TP: 2680 − 2680 − 2677 - 2673
SELL ZONE: 2694−2696
SL: 2700
TP: 2690 − 2690 − 2687 - 2685 − 2680
Today's Market Focus
The Producer Price Index (PPI) report will be released today, and investors should be cautious in their trading decisions. The plan for the day will be updated after the Asian and European markets close, and a view for the US market will be provided after the PPI report is released. Remember to follow proper risk management and adhere to take-profit and stop-loss levels to protect your account.
Xauusdbuy
Trading strategy for January 15 CPI dataGold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term.
In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by the Federal Reserve’s Governor at 22:00. As such, investors may remain cautious in their trades ahead of these important economic reports and news.
At the start of the Asian session, there are expectations that Gold may see some upward movement. Therefore, considering a Buy position is recommended, with targets at 2,678 - 80 and further up at 2,685 - 87. However, after this, we can look to sell on any pullback in the 85 - 87 region, aiming for 5-10 points profit.
Currently, traders can consider buying within the short-term range in the Asian session. If the price closes below 2662, avoid buying and wait for lower levels to enter. For now, the bias is more towards buying, and further updates will be provided as the price action unfolds towards the European session.
Key Resistance: 2678 - 2682
Key Support: 2664 - 2660
Trading Plan:
SELL ZONE: 2683 - 2685
SL: 2690
TP: 2680 - 2676 - 2674 - 2670
BUY ZONE: 2657 - 2655
SL: 2652
TP: 2660 - 2663 - 2665 - 2670 - ????
Today, we have crucial CPI data coming out, so be cautious with your trades and avoid complacency. Always adhere to your TP/SL levels to protect your account. The ADMIN will provide continuous updates on any changes in price action. GOOD LUCK!
GOLD strategy beginning of the week January 13 Continued uptrendSafe Haven Demand for Gold Surges Amid High Inflation and Upcoming Tax Policies Under Trump Administration
Gold prices in the domestic market closed the week at their highest level in a month.
A report from the U.S. Department of Labor showed that non-farm payrolls in December increased by 256,000, far exceeding the November figure of 227,000. The strong job data caused an unexpected reaction in the commodities market.
This has raised the probability of the Federal Reserve (Fed) not cutting interest rates in January to 97.3%. Meanwhile, 74% of analysts believe that the Fed will maintain its current interest rates until the FOMC meeting in March.
Donald Trump will be inaugurated as U.S. President on January 20. Markets are paying close attention to the Trump administration’s policies, particularly regarding tariffs and their inflationary impact, as well as concerns over rising fiscal debt.
In such a scenario, gold is seen as an inflation hedge, potentially pushing its price higher. Analysts at Saxo Bank suggest that these factors have driven increased physical gold accumulation in China.
Gold has also seen significant gains against the British pound, as the U.K. faces a new bond market crisis. U.K. bond yields have surged due to concerns that the government will struggle to control the deficit amid rising spending costs.
While higher interest rates are typically bad news for gold, uncertainty around tariffs continues to drive safe-haven demand. Since the beginning of the year, gold prices have risen nearly 3%. Looking at the charts, the price trend is turning bullish, with the next key resistance level at $2,715 per ounce.
Bank of America and JPMorgan predict gold bullion will reach $3,000 per ounce by year-end, while UBS forecasts a price of $2,900 per ounce.
Market Update and Technical Analysis
Here’s a quick update on the current market situation. As mentioned, scenarios still favor gold’s upward momentum, despite positive U.S. data indicators. With upcoming events, investor sentiment remains inclined toward gold as a safe haven. The key psychological level is at $2,720; if this level is broken, the previous peak will likely be revisited quickly, leading to the creation of a new all-time high. However, initially, the market may test $2,720, followed by a correction phase to gather liquidity and momentum for reaching higher levels.
From a technical analysis perspective, the bullish trend remains stable, supported by fundamental analysis factors. Therefore, continuing to buy is recommended, with a target at $2,720.
BUY ZONE: 2678 - 2676
SL: 2672
TP: 2684 - 2688 - 2694 - 2700 - ???
SELL SCALP: 2702 - 2704
SL: 2708
TP: 2698 - 2694 - 2690 - 2686
SELL ZONE: 2716 - 2719
SL: 2723
TP: 2712 - 2710 - 2697 - 2694
Note: Key resistance zones are already highlighted in daily and weekly plans. Exercise caution early Monday as price ranges are still forming. Adhere strictly to TP/SL for every trade signal to safeguard your account.
Gold trading strategy January 10, NF newsWhere will the gold trading strategy go for the first NONFARM news of the year ???
⚫ Gold Prices Stable with Growth Prospects
Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024.
⚫ Focus on Nonfarm Data
December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than the 227,000 gain in November, which may impact the Fed's interest rate policy.
⚫ Factors Supporting Gold
Increased demand for safe-haven assets amid economic uncertainties.
President-elect Trump’s policies, expected to raise inflation through tariffs and protectionist measures.
⚫ Fed Policy Outlook
Kansas Fed President Esther George opposes further rate cuts, citing the U.S. economy's recovery and inflation remaining above the 2% target.
The market is now awaiting the official U.S. jobs report for more clarity on the Fed's policy trajectory.
At the latest Fed meeting, policymakers agreed that inflation is likely to continue slowing this year but noted persistent risks of price pressures due to potential impacts from President-elect Donald Trump’s policies, according to meeting minutes.
Mr. Trump will assume office on January 20, 2025. The proposed tariffs and protectionist policies are expected to drive up inflation.
Gold is viewed as a hedge against inflation, but high interest rates reduce the appeal of non-yielding assets.
Fundamental Analysis
The news continues to support gold's growth outlook. Despite the strong performance of the USD (DXY), gold has shown resilience, maintaining its upward trend.
Technical Analysis
In recent days, gold has been stable within upward trend channels, signaling sustainable momentum in the current price range. Observing the candlestick patterns reveals that buyers are strongly dominating, pushing the price towards critical resistance levels.
Today’s Nonfarm Payrolls report is particularly crucial as the first significant economic data release of the year. Global investors are expected to closely watch this report, as it could significantly influence market movements for the month or even longer. Price fluctuations are likely to be substantial, with anticipated ranges of 40-50 points compared to previous Nonfarm reports. Stay cautious.
Trading Strategy for Asian/European Sessions
BUY SCALP: 2662 - 2660
SL: 2656
TP: 2668 - 2672 - 2676 - 2680
BUY ZONE: 2646 - 2644
SL: 2640
TP: 2650 - 2654 - 2660 - ????
SELL SCALP: 2678 - 2680
SL: 2683
TP: 2674 - 2670 - 2668
SELL SCALP: 2690 - 2692
SL: 2696
TP: 2684 - 2682 - 2680 - 2676
SELL ZONE: 2704 - 2706
SL: 2710
TP: 2700 - 2696 - 2692 - 2888
As mentioned, today is expected to see significant volatility due to the critical Nonfarm report and Friday's weekly candle close. Stay cautious, follow your TP/SL strictly, and manage your account carefully.
GOOD LUCK!
Day Gold trading strategy features first NonFarm ADP of the yearGold Market Update and Trading Strategy
Yesterday, gold experienced another bustling trading session, climbing from 2633 to 2663 before sharply dropping back to 2642 following the release of positive U.S. economic data.
The PMI services data and job openings figures released yesterday were exceptionally strong, exceeding forecasts and indicating that the U.S. labor market and economy remain robust. This gives the Federal Reserve no reason to consider cutting interest rates, putting significant downward pressure on gold prices.
President Donald Trump also emphasized that inflation is currently very high and expected to continue rising. A high-inflation economy is an ideal environment for gold's growth. This explains why gold rebounded shortly after, stabilizing at the 2650 level.
Today, the ADP employment data is set to be released, marking the first major ADP report of the year. It is expected to have a notable impact on gold prices this week and potentially throughout the month.
Buyers have returned, driving the price closer to the previous peak of 2665. Currently, prices are stalling near the strong Monday resistance zone at 2649. Buyers are holding the upper hand as the H1 candlestick shows a long wick below the 2649 resistance area. If the candlestick closes above this level, early buy opportunities during the day are worth considering. Target price zones have been noted, but if volatility increases, we have more distant target levels for trading.
Trading Strategy
BUY ZONE: 2634 - 2632
SL: 2627
TP: 2640 - 2646 - 2650 - 2662 - 2670
SELL ZONE: 2688 - 2690
SL: 2694
TP: 2682 - 2678 - 2672 - 2668
Today’s key news highlights the importance of monitoring trading volume and strictly adhering to TP/SL levels to protect your account’s safety. Scalping zones for today have been listed on the chart for observation, but the primary focus should be on BUY opportunities. For SELL trades, wait for higher points before executing.
GOOD LUCK TO ALL!
Gold 01.07,continues to be profitable and has a strong uptrendReshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD
Fake news caused market chaos at the start of the week:
The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor.
From Trump's statements, the following key points can be derived:
Key Points:
Trump suggests lifting Biden's oil drilling ban:
U.S. oil producers are likely to return to the market more strongly.
A significant drop in oil prices can be expected.
Inflation could be better controlled, which is favorable for GOLD.
Trump denies the WaPo report:
While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements.
Trump's tariff plan remains intact.
This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market.
Trump made no mention of tariffs in his latest remarks:
Current tariff policies do not place pressure on GOLD.
This is considered a stabilizing factor for GOLD.
Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities.
Market Environment and Developments:
DXY (Dollar Index): Slight decline after the PMI data release.
Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate.
Trading Strategy:
BUY SCALP ZONE: 2624 - 2622
SL (Stop Loss): 2620
TP (Take Profit): 2630 - 2636 - 2640
SELL SCALP ZONE: 2656 - 2658
SL (Stop Loss): 2661
TP (Take Profit): 2652 - 2648 - 2645
BUY ZONE: 2615 - 2613
SL (Stop Loss): 2608
TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ???
SELL ZONE: 2662 - 2664
SL (Stop Loss): 2668
TP (Take Profit): 2658 - 2654 - 2650
The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades.
Note:
Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
trading strategy January 3, 2025. Gold increased sharply, why?What is happening, and why do investors continue to choose gold in 2025?**
Gold prices hit a two-week high
Gold has been bolstered by safe-haven buying activity as markets position themselves ahead of the Federal Reserve’s (Fed) interest rate outlook and the upcoming trade tariff policies of U.S. President-elect Donald Trump.
Geopolitical factors, including international tensions and financial instability, particularly leading up to Trump’s inauguration, are also supporting gold prices. Gold thrives in low-interest-rate environments and serves as a hedge against economic and geopolitical risks.
Investors are awaiting key data such as U.S. job openings next week, the ADP employment report, the Fed’s December meeting minutes, and the official U.S. jobs report to assess the 2025 interest rate outlook.
Trump's inauguration on January 20 has heightened uncertainty, with his proposed tariff and protectionist policies expected to drive inflation and potentially trigger trade wars.
As expected in yesterday's trading plan, traders were advised to actively seek buy opportunities for gold at higher price levels due to strong bullish momentum and investor sentiment being positioned above safe price zones. Analyzing the D1 chart shows the bullish side dominating, with upcoming news continuing to favor gold's upward trajectory. On the D1 timeframe, pay attention to the 2670–2672 range, which is a zone of strong reaction, to look for sell scalping opportunities. However, the main trend today remains focused on buying in the target zones below.
**Trading Strategy**
- BUY ZONE: 2635–2632
Stop Loss (SL): 2629
Take Profit (TP): 2640–2646–2654–????
- SELL ZONE: 2704–2706
Stop Loss (SL): 2710
Take Profit (TP): 2698–2694–2690–????
Keep an eye on critical price zones according to the plan to optimize scalping trades and maximize profits. Ensure every entry is accompanied by adequate TP and SL levels to safeguard your account.
Gold trading strategy opens the new year trading sessionThe strong buying activity of central banks, geopolitical instability, and monetary policy easing have driven gold to break several record highs in 2024.
According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow down the Federal Reserve's interest rate cuts.
Concerns about politics peaked after Trump’s decisive victory… The central bank’s gold-buying trend is expected to continue at a similar pace in 2025, but the flow of capital into gold will likely be more discreet due to the threat of tariffs from Trump on countries that are actively de-dollarizing.
Gold surged quickly at the start of the Asian session at the beginning of the new year, likely due to large investors returning to the market after the long holiday, and the market has become more lively again. This comes especially after the US housing data report published on Tuesday, which showed a sharp decline compared to the previous period, possibly boosting optimistic sentiment about the Fed’s upcoming interest rate cuts. The market has improved compared to the gloomy period at the end of the year, due to profit-taking and the absence of large investors in the market.
If gold rises quickly at the start of the day, do not chase the buy position; instead, wait for a reasonable price to sell during a retracement, and then consider buying again later. Therefore, the suggested strategy for the start of the day would be to sell during the retracement with a target of 2,632. After that, look for a buy again at support levels around 26 - 22 or lower.
For the European session, the EURO PLAN suggests that if gold doesn’t reach the target by the start of the European session, then exit the sell position and consider buying earlier.
Trading Strategy:
SELL ZONE: 2648 - 2650
SL: 2255
TP: 2642 - 2638 - 2634 - 2630
BUY ZONE: 2600 - 2598
SL: 2594
TP: 2605 - 2610 - 2614 - 2620
These are key resistance and support levels that the author believes will see price reactions if reached. However, keep in mind the notes above in the article.
The market has opened strong this morning with a lot of buying activity, which suggests that the trend of the previous downtrend channel may be broken. Therefore, be cautious with sell positions and prioritize finding buy entry points as suggested by the author. Good luck!
XAUUSD WEEEKLY BUY PROJECTION 22.12.24Central bank purchases of gold have been one of the strongest factors driving its price. This trend is likely to continue as central banks seek alternatives to US-dollar-dominated assets. Goldman analysts also believe that any escalation in trade tensions or geopolitical risks could further enhance gold's appeal.
GOLD Weekly Outlook from 16/12 to 20/12/24:GOLD Weekly Outlook from 16/12 to 20/12/24:
Gold has corrected lower this past week as the Dollar and Treasury yields have rebounded as traders are worried that the Fed will cut rates less next year following higher-than-expected manufacturing PPI data, although the odds of a 25bp cut by the Fed in the middle of this week are unchanged.
Currently, selling pressure is still on Gold due to concerns about rising inflation and fewer rate cuts... but fundamentally, if the Fed cuts rates by another 25bp, Gold will become even cheaper and the "opportunity cost" will be even cheaper... so the trend will remain bullish... The decline is just a short-term effect of news and traders' expectations.
This week, traders will receive many important economic data from the US, but the most important is the FED's Interest Rate Decision in the middle of this week... In addition, traders will also pay attention to the Interest Rate Decision of the Bank of Japan (BoJ) in the middle of the week, and of the People's Bank of China (PBOC) on Friday. The prediction will be more bullish, if there is a decrease, it is better to Buy...
In today's trading session, Gold has decreased quite a lot and this morning swept down to near the 2,642 - 40 area and then bounced back quickly despite no news... it is predicted that the Buy force has begun to appear to probe the bottom to welcome the FED... Therefore, I will prioritize long-term Buy.
🟢 BUY Scap 2635.x Sl 2632
SL: 2630
TP: 2641 – 2655
🟢 BUY 2620.x Sl 2618
SL: 2614
TP: 2643 – 2655 - 2668
🔴 SELL 2672 – 2674
SL 2677
TP: 2664 - 2655
GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
XAUUSD/GOLD WEEKLY SELL PROJECTIONA "gold sell-side movement" refers to a situation in the gold market where there is a significant selling pressure, meaning more investors are looking to sell their gold holdings than buy, causing the price of gold to decline; essentially, the "sell side" of the market is driving the price downward due to increased selling activity.
Gold Trends Forecast December 11🤑Gold Trends Forecast December 11
✔️ Gold continued its impressive upward momentum during yesterday’s session. This was fueled by investor optimism as China expanded its economic stimulus packages, while geopolitical risks in Syria remain despite opposition forces gaining control over some areas. Notably, there has been no news or economic data strong enough to weaken Gold's upward trend.
✔️ In my view, unless unexpected factors arise—such as controversial remarks from Trump or economic data that shakes the market—Gold is likely to continue its climb. Lower interest rates have made the opportunity cost of holding Gold more attractive, which is the primary reason for its rebound from the 2,5xx and 2,6xx levels. A deep downward reversal should only be considered if the Fed signals a return to interest rate hikes.
✔️ For tonight’s session, the CPI data will be the decisive factor. If inflation figures are favorable, Gold could break above 2,75x or experience a deep correction of 50–70 points. However, I lean toward the scenario of only a slight correction before continuing its rise, thanks to the current bullish sentiment.
My personal strategy is to wait for a minor dip and then re-enter with these targets:
Short-term: 2,700–2,705
Longer-term: 2,710–2,715
In the European session, if Gold holds the 2,6xx range or near 2,69x, a Buy strategy remains viable. Conversely, if prices fall below 2,68x and close below this level, I will reconsider the strategy. From mid-European sessions onward, if prices fail to break the 2,7xx range, I will exit Buy positions and switch to Sell, aiming for 5–10 points.
🟢 BUY 2688.x Sl 2683 Scalp
🟢 BUY 2676 - 2674 SL 2671
🔴 SELL 2620 - 2622 SL 2625 - D1 plan
Gold Trends Forecast December 10Gold Trends Forecast December 10
• Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week.
• "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities.
• The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices.
• Technical analysis:
• Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power.
• Expect Fibo 0.5 – 0.618 to buy back
• Trading plan:
Buy Gold: 2652 – 2650
SL: 2648
TP: 2656 -2662 – 2674
If SL this order buys back
Buy Gold: 2645 - 2643
SL: 2640
TP: 2656 -2662 – 2674 – Open
Sell Gold: 2686 – 2688
SL: 2692
TP: 2679 - 2660
GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
After the adjustment is completed, the recovery process begins.Market analysis for XAUUSD trading on November 18, 2024:
Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week.
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530.
SELL zone: 2595 - 2600 and 2615 - 2620.
Recommended orders:
Plan 1: BUY XAUUSD zone 2556 - 2558
SL 2653
TP 2561 - 2670 - 2580 - 2600.
Plan 2: BUY XAUUSD zone 2539 - 2541
SL 2536
TP 2544 - 2550 - 2560 - 2580 - 2600.
Plan 3: SELL XAUUSD zone 2595 - 2597
SL 2600
TP 2592 - 2580 - 2570 - 2560.
#XAU Donald Trump was elected and the adjustment rhythm of Gold.Market analysis for Gold (XAUUSD) on November 7, 2024:
The news of Donald Trump's re-election as President of the United States has had a significant impact on the global financial market. A decrease in gold prices was anticipated, but the drop of nearly 100 points still caused turmoil in the market. It is highly likely that this correction will continue to deepen.
Today's trading trend: SELL.
Key price levels to watch:
SELL zone: 2680 - 2685, 2700 - 2705, and 2712 - 2717.
BUY zone: 2632 - 2640 and 2600 - 2605.
Recommended order:
Plan 1: SELL XAUUSD zone 2683 - 2685
SL 2688
TP 2680 - 2670 - 2650 - 2640
Plan 2: SELL XAUUSD zone 2703 - 2705
SL 2708
TP 2700 - 2690 - 2680 - 2640.
Plan 3: SELL XAUUSD zone 2712 - 2714
SL 2717
TP 2709 - 2700 - 2680 - 2640.
#XAUUSD/H4 Gold cools down, risks and opportunities.Market analysis for XAUUSD gold trading on November 4, 2024:
At the end of last week's trading session, the gold price closed at 2735. This confirms the price adjustment trend of gold. It is likely that this adjustment will not be as deep as the previous one.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2750 - 2755, 2765 - 2770, and 2780 - 2785.
BUY zone: 2725 - 2730, 2715 - 2720, and 2702 - 2707.
Recommended orders:
Plan 1: SELL XAUUSD zone 2755 - 2757
SL 2760
TP 2752 - 2745 - 2730 - 2720.
Plan 2: SELL XAUUSD zone 2765 - 2767
SL 2770
TP 2762 - 2755 - 2740 - 2720.
Plan 3: BUY XAUUSD zone 2717 - 2719
SL 2714
TP 2722 - 2730 - 2740 - 2750.
#XAUUSDDeep adjustment rhythm, awaiting the upcoming opportunityMarket outlook for Gold trading during the European-American session on November 1, 2024:
Yesterday saw a profit-taking adjustment that was anticipated. This adjustment will be quite strong, and we should wait for a good entry point to implement our upcoming hold strategy.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2760-2765 and 2770-2775.
BUY zone: 2725-2730, 2710-2715, and 2680-2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2660 - 2662
SL 2665
TP 2657 - 2650 - 2640 - 2630 -open
Plan 2: SELL XAUUSD zone 2773 - 2775
SL 2778
TP 2770 - 2760 - 2750 - 2740 - open.
Plan 3: BUY XAUUSD zone 2711 - 2713
SL 2708
TP 2716 - 2720 - 2725 - 2730.