Xauusd SMC Levels 22-11-24 #Goldsetup #thezenmasterforexPlay between 2696 and 2683,
Sell level 1 - 2690
Sell level 2 - 2696
Buy level 1 - 2683
Buy level 2 - 2677
stay bullish
short only for scalp
Use SL
Cheers!!
GOLDMINICFD trade ideas
XAUUSD- Crash? 2600? 2500? Maybe even lower! Please be carefulhello guys hope you have an amazing week .again the price perfectly moved according my last forecast more than +500 pips great profit .now lets start new forecast as you can see the price made a new lower high and new downtrend channel . After war news gold fell alot and broke uptrend and fixed below ma200 i expect after a pullback gold continue downtrend . If you check daily time frame you can see gold make a head and shoulders pattern too .
Gold prices fell on Monday, marking the first decline in six trading sessions despite a weaker dollar. This drop was attributed to easing geopolitical tensions following reports that Israel and Lebanon reached a ceasefire agreement in their conflict involving the Hezbollah militia.
Gold for February delivery dropped to $2,625 per ounce.
According to Axios, Israel agreed to a ceasefire with Lebanon despite continuing to bomb Beirut and Hezbollah firing rockets across the borders. This agreement reduced the tensions that had significantly escalated last week, leading to a 6.5% increase in gold prices. The rise occurred after Ukraine launched its first attacks on Russia using foreign-made missiles, prompting nuclear threats and the testing of a missile by Russia targeting the city of Dnipro.
The dollar weakened significantly, which is typically supportive for commodities priced in the currency.
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts.
Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week.
Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
Will $2,640 Hold Amid Volatility?After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery.
Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The next important support level to watch is $2,640, which corresponds to the 0.618 Fibonacci level. This will be the deciding point whether gold continues its downtrend or starts to recover. If gold fails to hold this support level, we could see a deeper decline towards $2,600/oz.
Overall, given the current situation, I advise investors to be cautious and prepare for a scenario where gold could fall further if the next support levels are not held. At the same time, investors should also closely monitor market developments to quickly update and respond promptly to changes in gold price trends.
As expected as said yesterday price reaches the target.As anticipated from our discussion yesterday, the price has successfully reached the target level. I am optimistic about the continuation of the bullish trend and expect further upward movement in the market.
Gold Started the week with Big Bearish Engulfing As predicted in last week posts and on weekly analysis also , gold is moving down and started the week with a big bearish engulfing on daily time frame .On Intraday the resistance area is at 2630-50 (Fib Golden Zone) and under this area we can expect more decline in lower side , In lower side the first support area is at 2562-70 (HVN)(First TP for Sell) and next support area is at Bullish Imbalance zone @ 2530-40 (Second TP for Sell), so selling seems to more favourable for Intra day as of now.
Gold Trading Strategy for 27th November 2024Gold Trading Strategy
Buy Above: 2643
Sell Below: 2605
Current Price: 2631
Disclaimer:
Trading in gold or any financial instrument involves risks. The above levels are for educational purposes only and are not financial advice. Please ensure you conduct your own analysis or consult a financial advisor before making trading decisions. Always book profits at regular intervals or trail with a stop-loss to manage risks effectively.
LONG XAUUSD The convergence is being built up. I'm waiting for the confirmation to take a long order.
Stoploss will be the lowest low of this swing and Takeprofit will be 2658,255.
XAUUSD strong bullish momentum buildupAs the order flow analysis studies shows that the delta positive clearly states that a good volume of buyers exist in the market for the moment.
ON monday, we need to study very well of the markets hold the upside, or we shall be in immediate profit booking by approx 15$ downside.
overall its a wait and watch market condition until USA opens up.
XAUUSD WEEKLY BUY PROJECTION its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline.
Gold Prices Recover, Awaiting a Breakout at 2706.275Gold prices rose during Asian trading on Thursday as escalating tensions between Russia and Ukraine boosted demand for safe-haven assets, helping gold maintain its upward momentum despite the strength of the USD.
XAUUSD is showing a strong recovery from the key support level of 2649.094 and is now approaching the resistance level at 2706.275. The EMA 34 (2635.141) and EMA 89 (2647.073) continue to act as supports, reinforcing the short-term bullish trend. If the price breaks above 2706.275, the next target will be 2749.733, corresponding to a higher resistance zone.
Market sentiment currently supports gold prices due to geopolitical tensions and the Fed's decision to maintain interest rates. Traders should closely monitor price action at these critical levels to develop effective trading strategies.
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 Fluctuates: Geopolitical and Inflation ImpactThe 4-hour gold chart clearly shows the volatility caused by geopolitical and economic events. Gold prices have recovered from lows due to inflation concerns from the new US tax policy, indicating that safe-haven demand for gold remains strong.
Currently, the key support level is at $2,603/oz, with resistance at $2,634/oz. Any break of these two levels will indicate the next direction for gold prices.
Market Comment: Based on technical analysis and current situation, I expect gold prices to increase in the short term. Inflation concerns from the new US tax measures could weaken the USD, supporting gold prices. If prices hold above $2,603/oz and continue to react positively, I expect a further rally, possibly reaching or exceeding $2,634/oz.
[XAUUSD] Forecast 27/11/2024H4 is still in consolidation from 2625-2630 zone.
We need 4H close above or below this range to know the trend.
If the price closes above the higher range of 2649 and the price closes below 2593, it is an expectation.
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#GOLD XAUUSD Analysis on(27/11/2024)#XAUUSD UPDATEDE
Current price - 2638
If price stay below 2660,then next target 2615,2600 and above that 2686
plan; If price break 2645-2650 area, and stay below 2640,we will place sell order in gold with target of 2615 and 2600 & stop loss be placed at 2660
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.
Detailed Analysis using OrderFlow analsysis for XAUUSD ( GOLD) Key Points in Order Flow:
1. Delta in Order Flow:
- Delta measures the net difference between aggressive buyers (market orders to buy) and aggressive sellers (market orders to sell).
- A positive delta of 20K means there were 20,000 more aggressive buy orders than sell orders during that candle.
2. No Major U.S. News:
- With no significant U.S. news or economic events, the positive delta likely reflects organic market sentiment or institutional buying rather than reactionary moves to news.
- This suggests that market participants are confident in higher gold prices.
3. Implication for Gold:
- Aggressive buying without external news typically indicates a strong bullish sentiment in the market.
- Since this buying is not driven by news but by organic demand or positioning, it suggests that gold may rise further until new external factors or resistance levels come into play.
4. Order Flow Perspective:
- Buyers are dominating sellers, which could trigger a short squeeze if sellers close their positions by buying back.
- The absence of significant news events reduces the likelihood of volatility spikes, allowing a smoother upward trend.
5. Monitoring Points:
- Order Book: Watch if the buy-side liquidity remains strong or if sellers begin to step in at higher price levels.
- Volume Profile: Check for areas of high volume where gold may consolidate before moving higher.
- Delta Continuation: If positive delta persists on subsequent candles, it strengthens the bullish case.
Trading Implications:
- If you're a trader, consider going long but set a tight stop loss near recent support levels in case the market reverses.
- Monitor for divergences, like price stalling while delta remains positive, as this could indicate absorption of buying pressure by sellers.
XAUUSD possible scenarios Gold is in an overall uptrend.
Gold broken uptrend and created its first low
if the new low is broken, then can look at taking shorts
Update latest gold price today !Hello everyone!
Gold has been in a steady decline since the start of the week, currently sitting at 2561, with strong indications that this downtrend may persist. The key 2550 level is still fiercely contested, keeping traders on edge.
The market remains clouded with apprehension, especially with recent developments in the U.S. following Donald Trump's election as president. This lingering uncertainty may continue to weigh heavily on gold.
At the moment, all attention is focused on the upcoming October Producer Price Index (PPI) report in the U.S. Analysts are forecasting a year-over-year increase of 2.3% for October, a notable jump from September's 1.8%. If both the CPI and PPI show further inflationary pressure, the Federal Reserve could be pushed to raise interest rates, which could apply even more pressure on gold prices. A stronger U.S. dollar would make gold trading and holding costs more expensive, potentially intensifying the sell-off.
Technically speaking, the battle at 2550 is far from over, and there’s a strong likelihood of a brief pullback before continuing the downward trend. This could mean a possible retest of the 2600-2580 resistance zone before resuming its decline. Chart patterns suggest that if the correction unfolds as anticipated—possibly in line with an Elliott wave impulse—the target could be around 2485, a drop of over 1000 pips from the resistance level.
Stay tuned for more developments as this situation unfolds!
Gold prices fall sharply due to pressure from USD World gold prices are under downward pressure in the context of a stronger USD and rising US bond yields. The US CPI index in October increased by 0.2%, pushing inflation in the year to 2.6% as expected. This, along with the possibility of new taxes from the administration of President-elect Donald Trump, is making investors believe that the FED may pause interest rate cuts, leading to gold prices falling for four consecutive sessions.
On the morning of November 14, the world gold price fell to 2,573 USD/ounce, down 46 USD from the previous session's high of 2,619 USD/ounce.
On the daily chart, the gold price has broken the uptrend channel and is currently continuing to decline. The next support levels are at 2,492 USD and 2,444 USD/ounce. If the price holds above this support level, a short-term recovery may occur. However, if the price continues to break these levels, the downtrend is likely to continue.
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.
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