XAUUSD GOD WEEKLY BUY PROJECTIONIf demand for the real metal goes up due to economic or political factors, it tends to increase XAUUSD's price too. The same things that impact supply and demand for gold bullion – like market conditions, policies, and shortages/ surpluses – also feed into movements in the gold/ dollar rate
Xauusdsetup
Gold Trading Strategy for 03rd December 2024.Buy: When the price of gold is above 2652 on the close of a one-hour candle. Sell: When the price of gold is below 2624 on the close of a one-hour candle.
Current Price: 2639
Support Levels: 2634 | 2624 | 2618 Resistance Levels: 2643 | 2661
Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
Gold Trading Strategy for 02nd December 2024Gold Trading Strategy
Buying Strategy:
Buy Trigger: Initiate a buy order if the price closes above the high of the candlestick at 2661. This suggests a potential upward momentum.
Support Levels:
2632: A minor support level where the price might find temporary support.
2617: A stronger support level, indicating a possible reversal or consolidation zone.
2574: A major support level, suggesting a significant buying interest at this price.
Selling Strategy:
Sell Trigger: Initiate a sell order if the price closes below the low of the candlestick at 2646. This suggests a potential downward momentum.
Resistance Levels:
2682: A minor resistance level where the price might face temporary resistance.
2705: A stronger resistance level, indicating a possible reversal or consolidation zone.
2725: A major resistance level, suggesting significant selling interest at this price.
Disclaimer:
This analysis is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should perform your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAU USD From Dec 2nd to Dec 6th (target1000 pips )These levels are valid from Dec 2nd to Dec 6th.
XAUUSD should touch 2672 and from 2672 to 2674 we can see good selling opportunity SL can be 2681 and target 2562 and 2552 is the last target(1000 pips).
From 2649 we can see good buying opportunity up to 2569 (200 pips).
#XAUUSD/H4 Gold: Will it continue to recover or adjust?Market outlook for the European-American trading session on November 19, 2024:
Yesterday's trading session witnessed a strong recovery in gold prices. However, the possibility of gold continuing to rise in the long term remains uncertain. The likelihood of gold still being in a short-term correction trend is very high.
Today's trading trend: SELL.
Key price levels to pay attention to:
🔴SELL zone: 2625-2630, 2640-2645, and 2660-2665.
🔴BUY zone: 2598-2603, 2578-2583, and 2553-2558.
Recommended orders:
Plan 1: SELL XAUUSD zone 2641 - 2643
SL 2646
TP 2638 - 2630 - 2620 - 2600.
Plan 2: SELL XAUUSD zone 2665 - 2667
SL 2670
TP 2662 - 2650 - 2630 - 2600.
Plan 3: BUY XAUUSD zone 2597 - 2599
SL 2594
TP 2602 - 2610 - 2620 - 2640.
#XAUUSD/H4 Gold is bottoming out or continuing to adjust?Market outlook for the European-American trading session on November 15, 2024:
The price correction of gold has been weakening, possibly forming a bottom. However, it is advisable to be patient and wait for lower price levels to find a good entry point.
Today's trading trend: BUY.
Key price levels to pay attention to:
🔴BUY zone: 2550 - 2555, 2535 - 2540, and 2515 - 2520.
🔴SELL zone: 2572 - 2577, 2585 - 2590, and 2609 - 2614.
Recommended orders:
Plan 1: BUY XAUUSD zone 2551 - 2553
SL 2548
TP 2556 - 2565 - 2575 - 2590.
Plan 2: BUY XAUUSD zone 2538 - 2540
SL 2535
TP 2543 - 2550 - 2570 - 2590.
Plan 3: SELL XAUUSD zone 2588 - 2590
SL 2593
TP 2585 - 2575 - 2565 - 2560.
#XAUUSD/Deep adjustment rhythm. Expecting the milestone of 2600.Market analysis for XAUUSD trading on November 11, 2024:
After President Donald Trump's re-election, gold prices have cooled down. The moves and policies that Trump implements could have a significant impact on gold prices. There is a very high likelihood that this adjustment phase will continue.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2695 - 2700, 2710 - 2715, and 2730 - 2735.
BUY zone: 2662 - 2667, 2650 - 2655, and 2635 - 2640.
Recommended orders:
Plan 1: SELL XAUUSD zone 2698 - 2700
SL 2703
TP 2695 - 2685 - 2675 - 2650.
Plan 2: SELL XAUUSD zone 2713 - 2715
SL 2718
TP 2710 - 2700 - 2680 - 2650.
Plan 3: BUY XAUUSD zone 2636 - 2638
SL 2633
TP 2641 - 2650 - 2660 - 2680.
#XAUUSDContinue to increase or maintain the adjustment momentum.Market analysis for XAUUSD trading on November 8, 2024:
The trading session on Thursday rebounded strongly after a previous drop of 100 points. However, the possibility of gold prices still adjusting downward remains as Mr. Donald Trump is elected and implements new policies. The USD may rise significantly, putting pressure on gold prices to decrease.
Today's trading trend: BUY scalp (hold SELL).
Key price levels to watch:
SELL zone: 2718 - 2725 and 2743 - 2748.
BUY zone: 2676 - 2681, 2664 - 2669, and 2632 - 2637.
Recommended orders:
Plan 1: SELL XAUUSD zone 2723 - 2725
SL 2728
TP 2720 - 2710 - 2700 - 2680 - 2640
Plan 2: SELL XAUUSD zone 2743 - 2745
SL 2748
TP 2740 - 2730 - 2700 - 2640.
Plan 3: BUY XAUUSD zone 2635 - 2637
SL 2632
TP 2640 - 2650 - 2660 - 2670.
#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 The big wave in the U.S. presidential election.Market analysis for XAUUSD trading during the European and American sessions:
The price adjustment of gold is still ongoing; however, it has not yet broken through the sideways range of 2730 - 2750. If the price breaks below 2730, it will officially undergo a significant correction. The news regarding the Presidential and Congressional elections in the U.S. will have a strong impact on the market.
Today's trading trend: SELL.
Key price levels to note:
SELL zone: 2740 - 2745, 2750 - 2755, and 2760 - 2765.
BUY zone: 2715 - 2720, 2703 - 2708, and 2680 - 2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2743 - 2745
SL 2748
TP 2740 - 2730 - 2720 - 2685
Plan 2: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
Plan 3: BUY XAUUSD zone 2706 - 2708
SL 2703
TP 2711 - 2720 - 2725 - 2730.
#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.
XAUUSD 1H SELL PROJECTION 24.1024Reason for Bearish
1. Breaked Major Support 2720 yesterday and now retesting tthe breaked Zone
2. Rsi 14 below 50 and tends to be selling confirmation
3. Stochastic Overbiught in abobe 80 and 1h Bearish Movement
Over all Projection
XAUUSD SELL 2720-23
SL 2730
TP 1 2715
TP 2 2710
TP 3 2701
XAUUSD WEEKLY BUY PROJECTION 19.10.24Reason for Bullish
Gold hit a record high last month. Goldman Sachs analysts think it's not done rising.
1
The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over the $2,525 high on Aug. 27.
2
CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.
GOLD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 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 better trader
thank you
#XAUUSD:Will Further Escalation In Middle East Support The BullsGold was retested on Friday after USD data came out in support of the USD. The DXY rose back strongly, leading many USD pairs to melt heavily. Furthermore, the gold price dropped to the 2633 region and then retested a few more times before ranging between 2633 and 2658. Now, since the last three daily candles closed with strong wick rejections, we believe the price is likely to continue going up, up until 2730.
Fundamentals and technical analysis support our view since the ongoing conflict in the Middle East is likely to worsen in the coming days. That will likely raise concerns among investors worldwide.
If you like the idea, please like and comment. Let's discuss the idea in the comment box.Gold was reassessed on Friday following the release of USD data that favored the USD. The DXY experienced a significant increase, causing several USD pairs to decline sharply. Furthermore, the gold price fell to the 2633 region and underwent multiple retests before fluctuating between 2633 and 2658. Given that the last three daily candles closed with notable wick rejections, we anticipate a continued upward trend in the price, potentially reaching 2730.
Our perspective is supported by both fundamental and technical analyses. The ongoing conflict in the Middle East is expected to escalate in the coming days, potentially generating increased investor apprehension worldwide.
If you find this analysis valuable, please indicate your approval by liking and commenting. We encourage a constructive discussion of this concept in the comment section.
XAUUSD 1H BUY PROJECTION 01.10.24Reason for gold bullish
However, geopolitical tensions, inflation concerns, and market uncertainty are among the major triggers that have helped yellow metal maintain an uptrend in 2024. They said that gold prices are expected to remain bullish and touch $2,640 and $2,660 per troy ounce soon.
XAUUSD 1H SELL PROJECTION 19.009.24Reason for Sell
With the price reaching extreme levels, there may be a significant opportunity for sellers to capitalize on profit-taking and increased selling pressure. Traders may anticipate a decline as market sentiment shifts from bullish to bearish, especially if key resistance levels hold.
XAUUSD 1H SELL PROJECTION 18.09.24old buyers regain control, as the 14-day Relative Strength Index (RSI) remains comfortably above the 50 level, having eased off from near the overbought territory.
The optimism prevails so long as they defend the one-and-a-half-month-old symmetrical triangle target now support at $2,560.
That said, the immediate resistance is seen at the record high of $2,590, above which the $2,600 level will be tested.
Acceptance above that level will call for a test of the $2,650 psychological barrier.
If the Fed disappoints the doves, Gold price could witness a fresh sell-off, which could challenge the August 20 high of $2,532.
Additional declines will threaten the 21-day Simple Moving Average (SMA) at $2,522, below which the $2,500 mark will be on sellers’ radars.
XAUUSD 4H SWING SELL PROJECTION 13.09.24Technical Reason for Gold Sell
You're looking for technical reasons to sell gold. Here are a few:
1. Overbought conditions: If gold's Relative Strength Index (RSI) exceeds 70, it may be due for a correction.
2. Trend line break: A break below a key trend line, like the 50-day moving average, could signal a sell.
3. Chart patterns: A head and shoulders pattern or a double top could indicate a reversal.
4. Fundamental changes: A strengthening US dollar, rising interest rates, or improved economic conditions could reduce gold's appeal.
Keep in mind that technical analysis is not foolproof, and it's essential to combine it with fundamental analysis and market news. Would you like more information on gold trading?