OrderFlow Data Analysis for GOLD { XAUUSD }
Positive Delta formation on rise on daily time frame when the price of gold took a deep downward hit of 150$ steep fall down from 2750 to 2600 . ( the Trump victory Effect ).
Price is struggling to break the 2620 price tag with larger volume. as quoted on my previous candlestick chart analysis, if price breaks 200 ema with larger volume we shall see a buyers rally rushing in and holding the price of 2650 sooner.
GOLDMINI trade ideas
GOLD SHOWING A GOOD D UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:5 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
200 EMA acting as strong resistance for Gold (XAUUSD).Points to consider :
Trades are trying their best to take the prices higher than 200 EMA but traders are not able to take the prices further! this is clear evidence that buyers are accumulating at lower prices of 2600 to 2620.
It's evident that 20 $ gap from 2600 to 2620 is on record to break. if this breaks with a bigger volume only then we can assume that the price will break out and sustain. We want price to sustain and proceed further as we seeking buyers interest . But if such sudden price rises and falls down below 200 EMA we cannot be seeking a confident buyers momentum .
Fresh buyers may seek interest 2620 breach of price with sustainable volume . Confirmation to be considered as a larger volume candle on the 2620 price level if observed and found then buyers can enter long with strict stop loss at 2600.
XAU USD ANALYSIS Hello Traders,
CPI News in few Minutes. Today gold was totally sideways. Created lots of liquidity both side. My personal view is 1st market will kick out buyers then gold will be ready for go high. But let's wait for liquidity swip and change of character then we will look for buy 📈
GOLD ANALYSIS 13TH NOV 2024"To reach TP3, price first needs to break through TP1. Let's wait for a clear rejection after filling the Fair Value Gap (FVG). If it breaks the lows, that could confirm a short entry. Currently, price is still forming lower lows and lower highs. A break above TP1 would be the initial signal for a shift to higher highs.
Like, comment, and follow for more updates!"
Xauusd Trading setup for 13-11-24 #Goldsetup #thezenmasterforexPlay between 2612 and 2598,
Sell 1 -2612
Sell 2 - 2617
Buy 1- 2598
Buy 2 - 2590
Before NY, News today
Use SL
Cheers!!
Pressure From The Dollar – Can XAUUSD Hold Support?XAUUSD is experiencing a sharp decline, reaching new lows around the 2600 level, pressured by the strong rebound of the USD. The U.S. Dollar Index has surged to a four-month high, making gold more expensive for investors holding other currencies.
In terms of trend, any attempt to push gold prices up may be limited, as the dollar is benefiting from market conditions while expectations for a Fed rate cut are fading. This adds further pressure on gold, making it difficult to sustain upward momentum.
This week, investors will closely watch the October CPI data, PPI, weekly jobless claims, retail sales, and key speeches from Fed officials, including Chair Jerome Powell, to gain more insight into the Fed's future rate path.
On the technical side, gold is currently trying to break the major support level at 2555. However, a short-term pullback to test resistance levels is possible before the decline resumes. Overall, both technical and fundamental factors are favoring the sellers.
Share your views and questions! Let’s discuss the current intriguing moves in the gold market!
Long gold at the current levelGold has been in an uptrend on the daily timeframe however, due to the sharp rally in the dollar index over the last two weeks we have seen some pull back in the yellow metal. On the two hour timeframe gold is right now at a good support level and is also having the momentum oscillators oversold . There is a good chance that we see the assumption of the uptrend from this level
XAUUSD | GOLD | 13th Nov | Bullish Reversal#Gold Setup: We will take a Long Position @2606 and collect profit at 2609, 2612, 2622 and risking 1-2%
Tips: Keep Trailing your SL after the first TP to lock your profit.
Multiple Confluence Confirmed: UpTrend
XAU USD ANALYSIS Hello and Good Morning Traders,
Gold is now in the no trading zone gold doesn't break the lower low and start rising from 2595/2592. If gold breaks 2627 and close above it then we will start taking buy side position.
Let's see what happens next.
I'll share update with you guys. 🙏
Gold : Still week but looking for a pullbackGold price tested 2600 in yesterday trading session and still looking weak. For Intra day price is forming tringle formation on H1 and breakout from this formation in either side can give us good move on that side , personally I think a pullback is due at this point and we can expect a test around 2635-40 area for Intra day.
If gold going to follow this view then at 35-40 we will wait for confirmation of sell or higher levels .
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 View, XAU/USD 13th NOVGold - Gold has a changed it's structure now .
It's will should a pullback to it's Supply zone marked on this image.
Expecting it to continue it's down move now from the POI.
This Is My Personal Analysis, It's not a Tip.
XAU USD ANALYSIS Hello Traders,
For now gold are not able to close above 2625-2630 level. Still I am bearish in gold.
I am Done for the Day Traders.
Good Night 📉
XAU/USD ANALYSIS Hello Traders,
Gold just tapped 15 Minute order Flow after taking out the inducement and start falling. It indicates that there are no institutional buyers at this level. We are still in the downtrend. Waiting for fresh level Traders.
Gold - Bookish example for Morning/Evening StarA typical example of Morning Star and Evening Star in the same chart. Its a good time to consolidate Gold
Evening Star
Evening star patterns are associated with the top of a price uptrend, signifying that the uptrend is nearing its end
The first day consists of a large white candle signifying a continued rise in prices.
The second day consists of a smaller candle that shows a more modest increase in price.
The third day shows a large red candle that opens at a price below the previous day and then closes near the middle of the first day
Morning Star
The Morning Star pattern is a classic bullish reversal pattern in technical analysis. The pattern consists of three candlesticks: two large ones with different directions and a smaller candlestick between them.
XAU/USD ANALYSIS Hello Traders,
Gold Tapped into 1D Order Block at 2595-2590
Now price started rising from this level.
If any 1 HR Candle close above 2625-2630 then this will be the change of character for gold if gold can't sustain above it then we can see sharp downtrend in gold
Gold Falls to USD strengthening vows ! Also BTC a reason .Gold falls to major trendline on strong USD, asset reallocation, risk-on.
Key points:-
Gold falls to key support from a major trendline for the long-term uptrend at $2,600.
A strong US Dollar is reducing the price of Gold, whilst competition from Bitcoin and stocks is also bearish.
Expectations for the Federal Reserve slowing the pace of interest rate cuts and reduced safe-haven demand could also weigh on Gold’s price.
Technical Analysis:
XAU/USD falls to support at major trendline
Gold falls to support from a major trendline for its long-term uptrend situated at around the $2,600 mark. The precious metal has broken below the 50-day Simple Moving Average (SMA) at $2,648 and is now in a short-term downtrend. Given it is a principle of technical analysis that “the trend is your friend,” the odds favor a continuation lower.
Gold price falls as competition from Bitcoin and Stocks bites
Gold is also falling due to competition from alternative assets such as Bitcoin (BTC), which keeps pushing to new all-time highs in the $80,000s because of expectations of laxer crypto regulation under the Trump administration.
US stocks are rising as investors anticipate lower corporation tax and looser regulations boosting company profits.
XAUUSD is taking support from it BU-OB on hourly TFXAUUSD is taking support from its hourly TF buying order block(2594-2604) once it breaks its structure at the level of 2606.44 i'll enter into a long position keeping my stop loss below the order block at the level of 2590 and once it closes above 2635.57 it will change its character to bullish and i'm targeting the levels of 2675, 2749 and 2790
TRAPS IN DOWNTREND"In a downtrending market, price movement often creates imbalances at various levels. When approaching a major demand zone, price frequently traps immediate buyers and sellers, creating false signals. It then proceeds to fill these imbalances at minor levels, trapping sellers along the way, before reaching significant areas where true momentum is initiated. This is often followed by a rapid decline from these major areas.
Understanding higher time-frame candle closings is essential for interpreting these scenarios accurately. This is just one example, as sometimes price may react solely at minor imbalance zones, never reaching major areas, or there may be no imbalances at all. To effectively assess any market condition, observing the candle closings on a higher time frame is crucial.
Follow for more in-depth educational insights."
GOLD ANALYSIS 12TH NOV 2024📉 Gold Market Outlook 📉
In recent moves, gold broke major support zones, trapping buyers at key demand levels. Currently, we’re seeing another major low broken on the 4-hour time frame, suggesting a potential shift towards a downtrend.
Strategic Approach:
Wait for Buyer Traps: With significant upside imbalances, we anticipate gold to lure in buyers at demand zones before retracing to fill these imbalances. This would present an ideal setup for shorting opportunities.
Potential Longs: For those looking to capture short-term momentum, watch for liquidity sweeps that trap buyers. Once minor highs break, consider long entries but keep risk in check—since the overall market remains bearish, prioritize taking profits quickly.
📈 Stay Updated: Like, follow, and comment for more detailed trading insights and strategies!
Gold trading and investment strategy XAUUSDGold Trading Strategy: Accumulate Buying Above 2,638 with Stop at 2,602
Current Price: 2,622.00 USD
Key Levels:
Buy Signal: If the price closes above 2,638 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider accumulating buying.
Stop Loss: Place a stop loss at 2,602 to manage risk.
Long-Term View Negation: The long-term bullish view will be negated if the price closes below 2,600.
Market Analysis:
The current price is hovering around 2,622.00 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 2,600 to 2,650 levels, which could act as support or resistance.
Recommendations:
Accumulate Buying: If the price sustains above 2,638 on the one-hour candle close, consider entering long positions with targets at 2,950 and 3,000 USD per ounce by February.
Stop Loss: Place a stop loss at 2,602 to manage risk.
Long-Term View: Be aware that the long-term bullish view will be negated if the price closes below 2,600.
Intraday Trading:
Buy: For intraday trading, consider buying above 2,625.
Sell: For intraday trading, consider selling below 2,616.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Gold Faces Sharp Downward Pressure as USD, Stocks Sink CapitalLooking at the recent gold price chart, I noticed that the downward trend of gold is becoming clearer. Currently, gold is trading around 2,622 USD/ounce, marking a significant decline, especially when the USD Index rose to 105.5 points. With the strength of the USD reaching its highest level in more than 4 months, gold prices have been under great pressure from the greenback.
Another important factor is the impact from the energy and stock markets. Crude oil prices fell to 68 USD/barrel, combined with the recovery of US stocks, creating momentum for capital flows into assets with more attractive returns, reducing the attractiveness of gold.
In addition, demand from China also contributed to increasing pressure on gold prices. The Chinese central bank has suspended gold purchases for six consecutive months, reducing demand. As a result, investors quickly took profits and sold gold, contributing to this sharp decline.
In the short term, I believe the next support level for gold could be around $2,600/ounce. However, given current macroeconomic factors and pressure from other markets, gold is likely to continue to struggle to maintain its growth momentum.
