GOLDCFD trade ideas
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:7 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
Gold: Are Buyers Still Motivated?OANDA:XAUUSD extended gains for a third straight day, ignoring a rising US dollar as risk-off sentiment boosted safe-haven assets. The yellow metal has gained more than 3.40% on the week, with buyers eyeing the $2,700 mark.
Technically, gold is in a bullish trend today on most timeframes after buyers accepted the $2,750 level, but buyers must overcome key resistance levels ahead. A break of XAU/USD around $2,658 could see acceptance around $2,700. A break of the latter would expose the November 7 high of $2,710 and the psychological $2,750 figure.
Conversely, sellers would gain the upper hand if the unprofitable metal falls below $2,600. The bearish bias continues to be seen, with the next support level being the 100-day Simple Moving Average (SMA) at $2,550. The bears could target the November 14 low of $2,536, followed by a drop to $2,500 for XAU/USD.
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies.
On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce.
Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend.
Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
Gold Price Approaches Important Resistance ZoneGold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD.
Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as resistance.
Resistance and support:
Nearest resistance: The $2,650-2,660 area, which coincides with the EMA 89. This is an important area to confirm a bullish reversal.
Support: The $2,600 area, if broken, gold could retest the old low around $2,580.
Price pattern:
On the 4-hour chart, gold is approaching an important resistance zone. If there is a price rejection signal, the possibility of correction will be very high.
Personal opinion:
Gold price is likely to test the $2,650-2,660 zone in the short term. However, with current technical indicators, selling pressure at the resistance zone will be very high. If the price fails to break through this zone, the possibility of correction back to $2,600 is quite high. On the contrary, if it breaks through, the next target will be $2,700.
Trading strategy:
Sell at the $2,650-2,660 resistance zone, set Stop Loss at $2,670, Take Profit at $2,600.
Buy when the price breaks through $2,660, set Stop Loss at $2,640, Take Profit at $2,700.
Gold Trading Strategy for 21st November 2024.Gold Price Strategy (1-Hour Candle Rejection and Breakout)
STRATEGY 1
Current Price: 2650.46
Sell Setup (Rejection at 2667-2668)
Condition: If the 1-hour candle closes below 2667-2668 (indicating rejection), look for a potential downside.
Entry: Enter a sell trade when the next 1-hour candle breaks the low of the rejected candle.
Targets:
T1: 2638 (first target for partial booking).
T2: 2618 (secondary target).
Stop-Loss: Place SL above the high of the rejected candle (e.g., 2675).
Buy Setup (Breakout Above 2668)
Condition: If the 1-hour candle closes above 2668, confirm bullish momentum.
Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle.
Targets:
T1: 2685 (first target).
T2: 2700 (psychological resistance).
Stop-Loss: Place SL below the low of the breakout candle (e.g., 2660).
Risk Management
Risk no more than 1-2% of your trading capital per trade.
Adjust your position size based on the distance between your entry and stop-loss.
Example Scenarios:
Sell Setup Example:
Candle closes at 2665 after touching 2667-2668.
Next candle breaks 2660 (low of rejection candle).
Entry at 2660, SL at 2675, Targets: 2638 and 2618.
Buy Setup Example:
Candle closes at 2670 after breaking 2668.
Next candle breaks 2672 (high of breakout candle).
Entry at 2672, SL at 2660, Targets: 2685 and 2700.
STRATEGY 2
Gold Price Analysis
Current Price: 2650.46
Buy Above: 2668
Sell Below: 2618
Key Levels:
Resistance Levels:
R1: 2668
R2: 2685
R3: 2700
Support Levels:
S1: 2635
S2: 2618
S3: 2600
Disclaimer:
This analysis is for educational purposes and should not be considered as financial advice. Market movements can be volatile, and strategies must be backtested before use. Consult a financial advisor before executing trades. Trading involves significant risk, including the potential loss of your entire capital.
Gold - BUY 1. Just take support from daily trend line.
2. Tension is raising between Russia and Ukraine after long range missile. US and other countries ask to close embassy in Ukraine.
Xauusd long loading..Gold is currently experiencing bullish momentum, suggesting a potential upward movement towards the 2700 level. If the daily candle closes and maintains its position above 2650 today or tomorrow, the immediate targets to watch for will be 2675 and then 2700.
XAUUSD 15 min sell trade AS you can see the gold has broken the trendline, because of some news in Ukraine and Russia war, so technically this can be fake out. so will be short in gold
Gold entering mid term selling in profit booking zone...The daily order flow analysis for gold indicates a positive delta of approximately 24K on a spinning candle, suggesting indecision in the market. This signals that the recent 3-day gold rally is losing momentum, with no significant profit booking observed yet. However, immediate aggressive buying seems to be taking a pause. As a result, intraday selling pressure appears likely in the near term.
Selling gold is seen on cards.
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically...
The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset.
In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook.
Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively.
Rate, share your opinion and questions, let's discuss what's going on with.
Gold Rebounds: Focus on 2,546 Support & Russia-Ukraine TensionsGold prices rose on Monday (November 18) after six consecutive losing sessions as the rally in the USD paused and escalating uncertainty over the Russia-Ukraine conflict spurred safe-haven demand.
Currently, gold is recovering after successfully testing strong support at $2,546, where the long-term uptrend intersects with potential buying zones. This positive signal reflects strong buying momentum, pushing prices back towards $2,620, near the EMA 34 and EMA 89, key dynamic resistances.
If prices break above the $2,620 level, the next target could be the resistance zone at $2,791, where significant selling pressure awaits.
With the Russia-Ukraine tensions showing no signs of de-escalating, gold prices could climb even higher in the future. Traders should closely monitor developments in this situation.
#XAU Waiting for the adjustment rhythm, the deep drop of Gold.Market analysis for Gold (XAUUSD) on November 20, 2024:
Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area.
Today's trading trend: SELL.
Key price levels to watch:
🔴SELL zone: 2648 - 2653, 2662 - 2667.
🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603.
Recommended orders:
Plan 1: SELL XAUUSD zone 2651 - 2653
SL 2656
TP 2648 - 2640 - 2620 - 2600 - open.
Plan 2: SELL XAUUSD zone 2661-2663
SL 2667
TP 2658 - 2650 - 2640 - 2600 - open.
Plan 3: BUY XAUUSD zone 2601 - 2603
SL 2598
TP 2606 - 2615 - 2620 - 2630.
Gold : Time for reversal Gold price is under pullback as expected and seems like we are about to enter in continuation in lower side as per wave ABC ....Price currently trading near to High volume area and we can expect a reversal soon (Today or tomorrow ,means I am expecting top of this bullish correction cycle within this week). In higher side we have to watch :
2650-53(Weekly R1 + Near to psychological resistance 2650)
2663-93( Fib Golden zone + High Vol Area).
Strong Recovery After Prolonged DowntrendGold prices have recovered strongly to $2,610/ounce in today's trading session, up $48 in just the past 24 hours. This move shows increased bottom-fishing demand after the precious metal fell a total of more than $120/ounce in the previous five trading sessions.
Technical Analysis
Looking at the gold price chart, the EMA 34 and EMA 89 still show a medium-term downtrend. However, the current strong bullish candle is challenging these dynamic resistance levels. If gold continues to surpass $2,620, the uptrend could extend to the resistance zone near $2,650.
On the contrary, if it fails to stay above $2,600, the possibility of a reversal back to the support zone of $2,560 is quite high.
Fundamentals Support
Geopolitical situation: Escalating tensions in the Ukraine region with the participation of long-range weapons from the US and military moves from Russia and North Korea have boosted safe-haven demand for gold.
Bullish forecast: A report from Goldman Sachs with a forecast of gold prices reaching $3,000/ounce by the end of 2025 is creating positive sentiment for the market.
Bargain hunting demand: After a series of sharp declines, large financial institutions have started to increase purchases, pushing gold prices up rapidly.
Review
Based on the above factors, I expect gold prices to retest the important resistance zone at $2,650 in the short term. However, it is necessary to closely monitor the market's reaction at the $2,620 area. If the breakout fails, selling pressure may reappear.
Gold-> Buyer Back Yet?After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones.
Meanwhile, market participants are awaiting moves from several Fed officials this week to gain further insights into the U.S. interest rate trajectory.
The most likely scenario at the moment is a slight recovery in gold prices following the recent steep sell-off, with expectations for gold to climb higher after several reversals in the USD.
In the medium term, bulls need to reassess U.S. policy planning in December, as the Fed is expected to hold rates steady in January. This has not been fully priced into the market, so any adjustments could pose challenges for gold.
Technically, since the market opened, prices have climbed considerably, increasing the likelihood of resistance capping further upward movement. A false breakout at $2,589 and subsequent consolidation below this zone would strengthen selling pressure. However, there is potential for a retest of $2,618 (Order Block).
Similarly, a failed breakout could trigger selling momentum. But if the fundamentals align strongly in favor of gold, the market may have a chance to shift the local trend from the $2,618 zone.
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.
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 is under pullback : Read my last postAs expected gold is finally under a pullback wave and price opened with a gap , this gap is now going to act as good high volume support area(2560-70).
At the time of writing this post price is facing resistance on weekly pivot(2595) and bulls need to re-claim this level on H4 to see higher levels , First resistance (Target in case of buy) that we have to watch is area at 2630-40(bearish Imbalance) and the final resistance zone as per fib is 2663-93 from where we can re load the sell for target 2530 area again.
As of now I am expecting continuation in pullback (Bullish) and my first target will be 2630 and for sell I will wait confirmation on H4 or daily Time frame.
#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 Tradesetup SMC 19-11-24 #goldsetup #thezenmasterforexPlay between 2627 and 2612,
Sell level 1 - 2621
Sell level 2 - 2627
Buy level 1 - 2618
Buy level 2 - 2612
only before NY
Use SL
Cheers!!
Gold Trend 18/11 - S-T rebound beginsThe gold market last week unfolded in line with our predictions, as the consolidation period continued. The price broke below the 2650(1) resistance level early in the week, initiating a downward movement toward our target at 2600. Subsequently, the price dropped to the weekly low of 2536 following the inflation data on Wednesday. A slight rebound occurred afterward, with the week closing near 2562 on Friday, marking a $102 decline.
Following the US election, the US dollar has remained strong, leading to a drop of over $250 in gold prices over the past two weeks. Nevertheless, the selling pressure has eased after the rebound from 2538. It's worth noting that Fed Chairman Powell explicitly mentioned last Thursday that there is no rush to cut rates at the current market conditions, limiting the upward potential for gold for the time being. With no significant market data on the calendar for this week, gold prices are expected to stay sideways.
1-hr chart(above) > The downward momentum has been decelerating since last Thursday. If the price manages to break out from the current descending trendline (3), we can establish the initial upside target at 2620 (4). Given the absence of significant economic data scheduled for this week, we can regard the range of 2555-2620 (4) as the provisional operating zone.
Daily chart(above) >Gold achieved a 50% retracement last week (5) and rebounded from the 100-day MA (6). We can anticipate resistance in the short term around 2600-2605(7). In case of a breach above 2600, the subsequent target is expected near the 10-day moving average of around 2630.
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