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XAUUSD trade ideas

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!
OANDA:XAUUSD
by munmeeth
7
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!
OANDA:XAUUSDShort
by Bo-Samson
3
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."
OANDA:XAUUSDEducation
by munmeeth
4
14 RR TRADE GOLD TP DONEAs you may have seen from my previous post, I anticipated this move accurately. Price reached a level where both sellers and buyers were positioned, setting up for a pivotal breakout. After forming a minor trend line, price attempted to push through the recent swing highs but failed to break decisively. Once it closed below the previous low, I took the opportunity to enter, setting my take profit at a significant 4-hour level. This setup delivered strong results, and I secured a great profit. I hope you captured this trade too! I'll be sharing more in-depth analysis on gold shortly. If you're interested in BTC analysis as well, let me know in the comments. Please like, comment, and share if you find value in these trades. More to come!"
OANDA:XAUUSDShort
by munmeeth
4
XAUUSD Declines Sharply: Support at 2,488 Under USD PressureCurrently, XAUUSD is in a strong downtrend, trading around 2,551 USD/ounce after failing to hold above the previous support level at 2,605 USD. This move has pushed the price closer to the next support level at 2,488 USD, with a high probability of further decline unless strong buying signals emerge. The 34 and 89 EMA lines are positioned above the current price, acting as dynamic resistance, sustaining selling pressure and reinforcing the downtrend. The primary trend remains bearish, and if XAUUSD cannot reclaim the resistance zone at 2,605 USD, prices may correct further toward 2,488 USD or lower. With a strong USD supported by expectations that the Fed will maintain high interest rates, gold continues to face pressure from financial markets. However, investors should closely watch U.S. economic data and any announcements from the Fed, as these are key factors that could impact the future direction of gold prices.
OANDA:XAUUSDShort
by Vanna-Cris
1
Gold :Due for a pullback: Wait and watch zoneGold sold of hard in yesterday trading session as expected and explained in previous post and now trading below weekly S1 (2635) and currently trading at support area (2605-20) , as we have seen a good decline already so at this support area we can expect a pullback (but still there is no major confirmation of buy on any TF yet) , so idea is to wait for pullback near to major resistance area( 2645-55 : On volume profile ) and confirmed rejection we can look for sell opportunities . Those who want to take risk on buy they either have wait for day candle confirmation or can look for buy your stop will be H4 closing below 2600. 𝑺𝒖𝒎𝒎𝒂𝒓𝒚 : Expecting a pullback and then we have to wait for confirmation for a re sell. Current price is not favourable for holding or initiating new sell orders, and for buy we have to wait for confirmation on day close.
OANDA:XAUUSD
by iambalramkashyap
Gold Faces Steady Decline Amid USD Strength and Fed ExpectationsGold closed the week with relatively stable movements, trading around $2,563 with a slight recovery, though the overall trend remains bearish. Despite minimal changes in price, gold stayed near its two-month low as the U.S. dollar continued its strong rally. The robust performance of the dollar and reduced expectations of aggressive rate cuts by the Federal Reserve have pressured gold, leading to its worst weekly performance in over three years. The precious metal struggled to gain traction amidst these headwinds. Looking ahead, the gold market could face further challenges. President-elect Donald Trump's proposed tariffs may drive inflation higher, potentially slowing down the Fed's rate-cutting cycle. Rising interest rates make gold less attractive as investors turn to higher-yielding assets, leaving the metal at a disadvantage.
OANDA:XAUUSDShort
by Mr_Siro
4
GOLD ANALYSIS FOR 11TH NOVGold Analysis 4H: Price took demand as support, showing bullish intentions at this level. 1H: Likely to fill imbalances downwards, indicating potential for a pullback. 15M: Rejection noted from a key order block, followed by a break of recent lows and a retracement. Currently, price is positioned at a resistance level. Plan: Wait for price to break this resistance, then observe for a retracement to confirm an entry for a short setup. Targets (TP1, TP2) are marked for reference. Thank you for 200 followers! Like, follow, and comment for more in-depth analyses!
OANDA:XAUUSDShort
by munmeeth
3
When will gold stop falling? The trend of the gold market next week may continue to maintain a bearish trend. The market has already shown a series of technical and fundamental signals, suggesting that gold may continue to face downward pressure in the coming period. Combining the current technical form and market sentiment of gold, below we will conduct a detailed analysis of the trend of gold next week from three perspectives: technical, market sentiment and fundamentals. Technical analysis Daily chart performance: Judging from the daily chart, the current trend of gold is obviously in a downward trend. In recent weeks, the price of gold has reversed and declined from its highs, breaking the previous upward channel and forming an obvious downward trend. In particular, last week's negative closing for six consecutive trading days formed a significant short arrangement, indicating that the market's short power is strong. In addition, although the price of gold has seen some fluctuations recently, the volume of short positions has gradually shrunk, indicating that although the market is still in a short trend, the selling momentum has slowed down and the short market may be entering a period of adjustment. 4-hour line and 1-hour line patterns: On the 4-hour chart, gold shows a typical wave downward trend. After rebounding, the price still cannot break through the key resistance level in the early stage, so the overall trend is still biased downward. The current upper line of $2,151 has formed strong pressure. If the price cannot effectively break through this level, gold's downward trend may continue. Below, the low of $2,537 becomes a key support level. If gold prices break below this support, the market could accelerate its move lower to retest previous lows. The 1-hour line shows a more detailed trend. Gold has recently formed an M-head pattern, with a strong resistance area forming near the top of $2,576. A breakdown of this position may accelerate gold's decline. At present, the neckline support of $2,560 is crucial. If this position is broken, it means that gold will fall further and test the previous low. Morphological structure analysis: Overall, the trend of gold is in a short structure, and the market still has no obvious reversal signal after the continued decline. The current restorative rebound is still weak, and after each rebound repair, the price ushered in a deeper correction, which shows the lack of bullish power in the market. If the current restorative rebound fails to break through $2,576 and falls further, gold may continue to weaken and may even enter a deeper decline. If gold can break through $2,576 and break through the upper resistance of $2,596, then the market will likely re-evaluate the trend of gold, and there may be a certain rebound in the short term. Fundamental factor analysis In addition to technical aspects, changes in fundamentals may also have an important impact on gold prices. Recently, U.S. economic data and the Federal Reserve's monetary policy decisions are the two key factors affecting gold trends. Fed policy: The Federal Reserve's monetary policy continues to maintain a hawkish stance. Although the market is generally expected to slow down the pace of interest rate hikes, Fed officials still emphasized their determination to combat high inflation in recent speeches. If the Federal Reserve continues to maintain a high interest rate environment, the dollar may strengthen further and gold prices may remain under pressure. Rising interest rates are typically a negative for gold because it becomes more expensive to hold, while a stronger U.S. dollar makes gold less attractive to holders of other currencies. U.S. economic data: At the same time, the performance of the U.S. economy is also an important influencing factor. The performance of U.S. economic indicators such as inflation data, employment data, and GDP growth will affect the Fed's next decision. If economic data shows that inflationary pressures are still high, the Federal Reserve may continue to raise interest rates, which will further suppress gold. If the U.S. economy shows signs of slowing down and the market's expectations for the Federal Reserve to raise interest rates decrease, gold may experience certain safe-haven demand and may experience a rebound in the short term. Summarize Based on comprehensive technical and fundamental analysis, the trend of gold next week will most likely maintain a short trend. In the short term, gold is likely to continue to face downward pressure, with key support levels near $2,537 and $2,560. If these support levels are effectively broken down, gold may test lower prices and may even challenge previous lows. However, if gold can break above the $2,576 and $2,596 resistances above, then the market may reassess gold's trend and a short-term rebound may occur.
OANDA:XAUUSD
by Gold-Cat