#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.
Xauusdsignal
#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
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.
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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.
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CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.
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.
#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 03.10.24Reason for Bullish
Several media outlets reported that Israel delivered a harsh response to the recent Iranian attack by bombing central Beirut in the early hours of Thursday. Lebanese security officials said that three missiles also struck the southern suburb of Dahiyeh, the place of Hezbollah leader Hassan Nasrallah's killing. Lebanese health officials also reported that multiple people were injured following Israel’s strike in Beirut.
Iranian forces on Tuesday used hypersonic Fattah missiles for the first time and 90% of its missiles successfully hit their targets in Israel. Tehran said this attack was in response to Israeli killings of militant leaders and aggression in Lebanon against the Iran-backed armed movement Hezbollah and in Gaza.
Despite the increasing risks of the Israel-Iran conflict turning into a wider regional war in the Middle East, Gold price is struggling to capitalize on the risk-off flows, as diminishing odds of a 50 basis points (bps) interest rate cut by the Fed in November keep the sentiment around the US Dollar underpinned at the expense of the non-interest-bearing Gold price.
Update XAU : 03.10.2024After corrected Plan BUY XAU 2626 ( Last week )
An Overview of the Gold Plan on the H1 Chart
✍️ After gold reached the 2626 level, it experienced a strong recovery. Based on the current chart, gold has officially reversed the short-term correction and is continuing its upward trend.
✍️ From my perspective, yesterday, the second corrective wave was completed, and gold is now in the process of building the third impulsive wave.
✍️ To properly complete the third wave in this phase, gold will likely try to form a full Wyckoff re-accumulation range, meaning it might consolidate (sideways) for the rest of today to prepare for tomorrow’s NFP (Non-Farm Payrolls) report. Of course, there may be shakeouts when the news is released, so caution is advised.
✍️ Regarding volume, we observe that when the price rises, there's volume alignment, whereas during price declines, volume steadily decreases. There are only occasional spikes in volume, but they don't significantly impact the market's upward momentum.
👉 As for the detailed NFP trading plan, I'll update that tomorrow. For today's plan, I'm focusing on the BUY trend at 2649.5.
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON
A. its following a rectangle pattern that stocked the marketwhich 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 breakC. 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 1H SELL PROJECTION 01.10.24Reason for sell
Central banks hold paper currencies and gold in reserve. As central banks diversify their monetary reserves (away from the paper currencies they accumulate and into gold) the price of gold typically rises. Many of the world’s nations have reserves that are composed primarily of gold.
Bloomberg reported that global central banks have been buying the most gold since the United States abandoned the gold standard in 1971, with 2019 figures dipping just modestly from 2018’s 50-year record.
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After a downtick in central bank gold purchases in 2020, the pace picked up again in 2021 and surpassed the 50-year record again in 2022. 2023 also saw a significant growth in central bank gold reserves.
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The top gold buyer in 2022 was the central bank of Türkiye, followed by Uzbekistan, India, and Qatar. The top gold buyers in 2023 were China, Singapore, and the Czech Republic.
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Silver Bullion. "Top 5 Countries That Were Net Buyers of Gold in 2023."