Gold Trading Strategy for 20th November 2024Gold Trading Signal
Current Price: ₹2632.20
Trading Levels:
Buy Above: ₹2640
Trigger a long position when the price closes above ₹2640 on a 1-hour candle.
Resistance Levels:
₹2665 (Initial Resistance)
₹2693 (Next Resistance)
Sell Below: ₹2620
Trigger a short position when the price closes below ₹2620 on a 1-hour candle.
Support Levels:
₹2598 (Initial Support)
₹2585 (Next Support)
Key Notes:
Monitor price action carefully around the buy and sell levels.
Ensure proper risk management by setting stop-loss orders slightly above or below resistance and support levels, respectively.
Consider additional confirmations such as volume or RSI divergences before entering trades.
Disclaimer:
This analysis is for educational and informational purposes only. It is not financial advice or a recommendation to trade. Trading in the financial markets involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a qualified financial advisor before making trading decisions.
Xauusdsignal
Gold Trading Levels for 19th November 2024Gold Trading Levels (Based on 1-Hour Candle Chart):
Buy Above: 2616 (Enter a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.)
Sell Below: 2600 (Enter a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.)
Current Price: 2612.040
Key Levels to Watch:
Resistance Zones:
2640 – 2644
2660 – 2667
Watch for potential price rejection or breakout at these levels.
Support Levels:
2575
2550
2530
These levels may act as strong buying zones if the price drops significantly.
Trading Tips:
Book Profits Regularly: Lock in gains near resistance levels or key pivot zones to secure profits.
Use Trailing Stop-Loss: Adjust your stop-loss as the price moves in your favor to protect profits while allowing the trend to continue.
Disclaimer:
The levels and analysis provided are based on technical indicators and the 1-hour candle chart. This is for educational and informational purposes only and should not be taken as financial or trading advice.
Risk Management Guidelines:
Always confirm price action (e.g., a breakout, breakdown, or reversal) at the listed resistance and support levels before making decisions.
Use stop-loss orders and appropriate position sizing to manage risk.
Monitor economic events or news that may impact gold prices.
Risk Disclosure:
Trading in commodities, including gold, involves significant financial risk and may not be suitable for all investors. Past performance is not indicative of future results. Consult a qualified financial advisor before making trading decisions.
Gold Trading Strategy for 18th November 2024GOLD TRADING STRATEGY
Buy Above: $2575
If the gold price closes above $2575 on a one-hour timeframe, it may indicate a bullish trend. Consider buying at this level with appropriate risk management strategies.
Sell Below: $2554
If the gold price closes below $2554 on a one-hour timeframe, it may signal a bearish trend. Consider selling at this level with appropriate risk controls.
Current Price: $2563.220
This strategy is based on key technical levels and requires confirmation of a one-hour closing price above or below the thresholds. Traders are advised to use stop-loss orders and position-sizing techniques to mitigate risks.
Disclaimer:
This content is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in commodities, including gold, involves substantial risk of loss and is not suitable for all investors. Market conditions can be volatile and unpredictable, influenced by various factors such as economic data, geopolitical events, and global market sentiment.
The price levels mentioned are illustrative and subject to change based on market dynamics. Before making any trading decisions, you should perform thorough research or consult with a licensed financial advisor. You are solely responsible for any trading or investment decisions you make, and neither the author nor the publisher of this information shall be held liable for any losses incurred.
Always trade with capital you can afford to lose and ensure your trading practices align with your risk tolerance and financial objectives. Past performance is not indicative of future results.
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.
#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.
Gold Trading Strategy 15th November 2024Gold Trading Strategy
Buy Above: $2578
Sell Below: $2554
Monitor the one-hour closing price. Only act if the price closes above $2578 or below $2554 on a one-hour timeframe.
Current Price: $2564.720
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a financial professional before making any investment decisions. The price and levels mentioned are subject to market conditions and may not guarantee results.
Gold Trading Strategy for 14th November 2024Gold Trading Strategy: Buy Above 2,586 / Sell Below 2,568
Current Price: 2,574.00 USD
Key Levels:
Buy Signal: If the price closes above 2,586 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,568 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 2,574.00 USD, just below the buy signal level.
It's important to monitor the price closely, especially around the 2,570 to 2,590 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 2,586 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,600 and 2,615.
Sell: If the price breaks below 2,568 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,550 and 2,535.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Gold Trading Strategy for 13th November 2024Gold Trading Strategy: Buy Above 2,605 / Sell Below 2,589
Current Price: 2,599.00 USD
Key Levels:
Buy Signal: If the price closes above 2,605 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,589 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 2,599.00 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 2,590 to 2,605 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 2,605 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,625 and 2,640.
Sell: If the price breaks below 2,589 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,575 and 2,560.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
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.
#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.
XAUUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
#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.
Gold levels for Trading Day 5th November 2024Gold Trading Strategy: Buy Above 2,744 / Sell Below 2,723
Current Price: 2,733.00 USD
Key Levels:
Buy Signal: If the price closes above 2,744 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,723 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 2,733.00 USD, just above the sell signal level.
The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 2,4200 to 2,4250 levels, which could act as support.
Recommendations:
Buy: If the price sustains above 2,744 on the one-hour candle close, consider entering long positions with targets at 2,760 and 2,780.
Sell: If the price breaks below 2,723 on the one-hour candle close, consider short positions with targets at 2,700 and 2,680.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
#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.
Plan Trading day : 31.10.2024 with Gold"I think today I will trade within the M15 range as shown.
I see that H4 is showing hesitation from both the buying and selling sides. Yesterday, the information seemed to support gold's rise, but fundamentally it is overbought, so it may need to slightly decrease to allow liquidity to enter and push the price up. This phase does not seem to be promising for traders.
I will wait for a signal to enter a SELL around 2790 and look for a signal to BUY around the 2773 area.
Good luck to you all!"
SHORT TRADE IDEA IN GOLD - XAUUSDSymbol - XAUUSD
XAUUSD is currently trading at 2733
I'm seeing a trading opportunity on sell side.
Shorting XAUUSD at CMP 2733
I will add more quantity at 2747, If comes. Holding with SL 2760
Targets I'm expecting are 2704 - 2687 & 2674
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
#XAUUSD/H4 Continue to adjust or create a new peak?Market analysis for XAUUSD trading session on October 29, 2024:
The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720.
SELL zone: 2760 - 2765 and 2776 - 2781.
Recommended orders:
Plan 1: BUY XAUUSD zone 2735 - 2737
SL 2732
TP 2740 - 2745 - 2755 - 2765.
Plan 2: BUY XAUUSD zone 2727 - 2729
SL 2724
TP 2732 - 2740 - 2750 - 2765.
Plan 3: SELL XAUUSD zone 2763 - 2765
SL 2768
TP 2760 - 2750 - 2745 - 2740.
#H4/Gold continues to adjust, waiting for opportunities to hunt.Market analysis for XAUUSD trading on October 28, 2024:
After closing last Friday at a price of 2747, the Asian session today opened with a downward GAP that has not yet been filled. This GAP indicates a short-term profit-taking by the BUY side, showing that buying pressure for gold has decreased and a SELL side has emerged in this area. However, today marks the opening of the weekly candle and the monthly candle will close this week, so everyone should pay attention to the adjustment of the upper wick in the monthly timeframe.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2718 - 2723 and 2699 - 2704.
SELL zone: 2738 - 2743 and 2751 - 2756.
Recommended orders:
Plan 1: BUY XAUUSD zone 2718 - 2720
SL 2715
TP 2723 - 2730 - 2735 - 2750.
Plan 2: BUY XAUUSD zone 2702 - 2704
SL 2699
TP 2707 - 2715 - 2725 - 2745.
Plan 3: SELL XAUUSD zone 2753 - 2755
SL 2758
TP 2750 - 2740 - 2730 - 2720.
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