XAUUSD trade ideas
#XAUUSD/H4 Gold is bottoming out or continuing to adjust?Market outlook for the European-American trading session on November 15, 2024:
The price correction of gold has been weakening, possibly forming a bottom. However, it is advisable to be patient and wait for lower price levels to find a good entry point.
Today's trading trend: BUY.
Key price levels to pay attention to:
🔴BUY zone: 2550 - 2555, 2535 - 2540, and 2515 - 2520.
🔴SELL zone: 2572 - 2577, 2585 - 2590, and 2609 - 2614.
Recommended orders:
Plan 1: BUY XAUUSD zone 2551 - 2553
SL 2548
TP 2556 - 2565 - 2575 - 2590.
Plan 2: BUY XAUUSD zone 2538 - 2540
SL 2535
TP 2543 - 2550 - 2570 - 2590.
Plan 3: SELL XAUUSD zone 2588 - 2590
SL 2593
TP 2585 - 2575 - 2565 - 2560.
Gold Trading Strategy 15th November 2024Gold Trading Strategy
Buy Above: $2578
Sell Below: $2554
Monitor the one-hour closing price. Only act if the price closes above $2578 or below $2554 on a one-hour timeframe.
Current Price: $2564.720
Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Trading involves risk, and you should consult with a financial professional before making any investment decisions. The price and levels mentioned are subject to market conditions and may not guarantee results.
How long can the gold shorts last?
Since the current market is dominated by shorts and there is no clear signal to stop the decline, the gold price is still facing downward pressure. Therefore, in the short term, we should maintain a high-altitude mindset and sell short on rebounds. At the same time, we can try short-term long orders at appropriate low levels, but be cautious.
The daily chart shows a short arrangement, and the upward channel has been broken, and the price trend is still bearish. It is recommended to pay close attention to the closing of the daily line. If the daily line continues to maintain a negative line, the short trend will be more obvious, and the short-selling strategy should still be maintained.
During the adjustment process of the 4-hour and 1-hour lines, the gold price failed to rebound continuously, and the callback pressure was relatively large. Judging from the low point of the 1-hour line, if the price fails to break through the key rebound point, the short pressure is still strong.
Key position: 2595-2605 area
When the gold price rebounds to the 2595-2605 area, this area may encounter strong short pressure. If the price tests this range and a reversal signal appears, you can consider shorting.
Target support level below: 2550, 2533, 2487
The short position target is set at the support level below, especially at 2533 and 2487. If the price continues to weaken, it may fall further.
If the gold price shows a stabilization signal during the decline and rebounds to around 2560, you can try to arrange short-term long positions. At this time, the upper resistance level is still in the range of 2574, 2585, and 2592. If the rebound fails to break through these resistances, it may fall again.
Target: 2574, 2585, 2592
These target levels can be used as exit points for short-term long positions, especially when the rebound is weak, to lock in profits in time.
Given the volatility of the market, especially when the price approaches key support or pressure levels, stop loss is very important. For example, when shorting, a stop loss can be set near the 2595-2605 area to prevent the risk of a strong rebound. For low long positions, you should also pay attention to timely stop profit if the price fails to break through the predetermined target level.
In the short term, the trend of gold prices is still weak, and the situation dominated by short sellers has not changed fundamentally. For short-term operations, short orders can be arranged through rebounds. The key resistance level is in the 2595-2605 area. At the same time, low longs can be tried at appropriate positions. It should be noted that there is no obvious sign of stopping the decline in the current market, so when operating, it is necessary to avoid blindly guessing the bottom and respond flexibly to market changes.
XAU USD ANALYSIS Hello Traders,
I hope you are doing well and earning some money from the Market 🤝
Market tapped into 1 HR order flow and started reacting I am selling gold for the target of 2540-2536 with very small risk of 0.50% of my account balance.
Let's see what happens Next 📉
Gold Takes a Breather.. Retracement or Reversal?Price action between 2600 and 2750 will decide future of Gold, Whether it will continue to remain bullish or Witness a healthy correction.
Below 2750, 2600 will remain a decent possibility.
Sustaining Below 2600 will open Doors to 2400.
See You out of the Range Again
what does positive delta mean before news event ?A positive delta formation on a 15-minute chart indicates that there is more aggressive buying than selling within that time frame, reflecting a rise in net buying volume or interest. Delta measures the difference between buying and selling volume, so a positive delta means buyers are stepping in more than sellers at that point.
After a long fall in prices, a positive delta can suggest that buyers are beginning to absorb the selling pressure, possibly signaling an exhaustion of the downtrend or a potential reversal. This could be an early sign that demand is building up, and a recovery or temporary retracement might follow.
Here’s how to interpret it in more detail:
1. Initial Bottom Formation: After a prolonged price decline, a positive delta can indicate that buyers see value at these lower levels and are entering aggressively, absorbing the remaining sell orders.
2. Volume and Price Action Confirmation: Check if the positive delta aligns with a price action signal, like a hammer or bullish engulfing candlestick, on the 15-minute chart. Combining delta with these patterns strengthens the signal for a reversal or a retracement.
3. Trend Reversal Potential: If positive delta continues to form across multiple candles and starts creating higher lows in price, it could confirm the beginning of an uptrend. This is especially significant after a major sell-off where demand may now be outweighing supply.
4. Risk Management: A positive delta alone doesn’t confirm a full reversal; it may simply represent short-term buyers. Consider waiting for price to break above key resistance or moving average levels on higher timeframes before taking a long position if you aim to follow a more secure trend reversal.
What's in fate of Gold for todays US events. Here’s a simpler way to understand how high-impact news events might affect gold prices in the short term, especially with events coming up in the next three hours:
There are three possible scenarios:
All Positive for the U.S. Dollar:
If all four key news events release numbers that favor the U.S. dollar, gold is likely to move downward. Since gold has already been under pressure since Trump’s election, more positive U.S. news could push prices down further. In this case, short-selling gold could be a popular choice.
All Negative for the U.S. Dollar:
If all four news releases are unfavorable for the U.S., gold could make a strong upward move, potentially reaching the 2600 level. Here, the 200 EMA (Exponential Moving Average) might act as a resistance point, causing some buyers to start taking profits. This scenario suggests short-term buying opportunities in gold.
Mixed Results:
If the news events have a mix of positive and negative outcomes, we might see a more volatile movement. Gold could initially jump up, then drop down in a sharp reversal, forming an "anti-V" shape before stabilizing with little overall movement. This can leave traders in a difficult position, as gold consolidates with no clear direction.
Recommendation:
It’s best to avoid trading just before or during the news events, as price swings can be unpredictable. Waiting until after the news can help you avoid getting stuck in volatile moves.
GOLD ANALYSIS 14TH NOV"Strong rejection from the top with multi-timeframe confirmations aligning. Price action indicates a clear trend with lower highs and lower lows, trapping demand-side buyers. Positioning for a 1:5 risk-reward target. Let’s monitor and see how it plays out. Feel free to like, follow, and comment with your thoughts!"
GOLD (XAUUSD) - Time to Exit Shorts - Price is reaching Support GOLD 4 hr chat = CMP 2557
Price fell one way from 2800 to 2550 levels now..
Price is currently almost at the support/halt/confluence zone
FIB levels at between 50 and 60%
Previous consolidation resistance at 2530 ( now turns support)
AVWAP from the lows are now placed at 2537
If short, it is better to book out and wait for a bounce.. But Fresh shorts are not advisable here..
This is't a buy call.. One can play the bounce for short term trade.. but more pain ahead
I am not a SEBI registered analyst. Please consult your Financial Advisor for investment decisions
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.
Gold Trading Strategy for 14th November 2024Gold Trading Strategy: Buy Above 2,586 / Sell Below 2,568
Current Price: 2,574.00 USD
Key Levels:
Buy Signal: If the price closes above 2,586 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 2,568 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 2,574.00 USD, just below the buy signal level.
It's important to monitor the price closely, especially around the 2,570 to 2,590 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 2,586 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 2,600 and 2,615.
Sell: If the price breaks below 2,568 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 2,550 and 2,535.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
On daily basis i have this idea to work on with XAUUSDAs Gold keeps moving downstairs, rally towards pullback will end to nearest hanging fruit on Daily chart. my idea concern daily chart.
Gold under Non stop selling pressure Gold is under Non stop selling pressure and now reaching the support area as per daily TF , on H1 gold is forming a falling wedge pattern , and for any pullback price need to breakout the trendline from higher side , On Higher TF there is no good indication of any pullback as of now but I think every DIP is a buying opportunities as at present I am not expecting a bearish reversal for a longer period.
First support area is at 2530-55 area.
Second Support area is at 2500-25 area.
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 Hits 7-Week Low Amid Rising Yields and Dollar PressureGold prices are under pressure as the US dollar strengthens, US Treasury yields rise to 4.5%, and demand for gold from China declines. In the recent trading session, gold prices fluctuated sharply, falling to a 7-week low of $2,599/ounce. Market sentiment is gradually losing confidence in gold, with many investors selling off to preserve capital.
In addition, US stocks also weakened as the Dow Jones and S&P 500 both fell, adding more pressure to gold. If factors such as the US dollar do not decrease and gold demand does not recover, the possibility of gold prices continuing to decline is still very high in the short term.
In the short term, gold prices are likely to continue to be under downward pressure if the US dollar maintains its strength and US bond yields remain high. The nearest important support level could be the $2,580/ounce area. If the price breaks this level, the downtrend could extend to lower levels, towards the $2,550 area. Conversely, if there is significant buying pressure, gold could recover slightly, but the possibility of maintaining a strong upward momentum is low as economic factors remain unfavorable for this precious metal.
Gold drops to $2577: A rebound towards $2630-$2660 likely?As Gold drops from record $2790 to $2577, this $213 fall may be considered as Wave A
Correctional wave 1-2-3 may follow up from this $2577-$2572 zone and a recovery rally may begin targeting $2630 & $2660 in near term.
GOLD longgold going for block area on daily
and GP V on H4 will push the price up
for reteest the new resisitance area
gold spot monthly analysis as per chart after made life time high gold came dwn 170$++++ now if mkt hold blw 2660$ than looks dwn fall 2565--2530--2466$ where some bounce expect 2640--45$ in near terms . more update stya tuned with us
Sell Gold sellGold has lost its hold on 2600 levels.
XAUUSD buyers failed to uplift the side of gold seeing the lower demand zone, gold is triggered further lower side.
10 $ immediate profit booking is seen on the chart
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.
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.
