One thought on Selling in Gold (XAUUSD)I'm thinking of selling from here. The reason for this is the weekly imbalance, Daily TF OB and the displacement that happened in 15 minutes.
XAUUSDG trade ideas
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.
GOLD - Weekly Chart Profit BookingGold seems to have completed the Rounding bottom pattern target on the upside.. Profit booking could be seen.. trail with strict SL
Looking for trade setup on Gold. Have a look at this. XAU/USD.XAU/USD on daily timeframe has switched from bullish to bearish but it’s still Bullish on weekly. We will take about weekly later but daily chart itself is speaking a lot of things.
We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias.
For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays.
For a really nice setup we would have to be patience and need to follow our plan of action.
Follow us any stay updated with more setups tuning in.
Appreciate you’ll time.
Note this is for educational purposes only.
Will gold break through 2700 on Friday?
Gold market analysis:
In the Asian session on Friday, gold quickly rose after opening, breaking through the key technical level of 2690 and forming a head and shoulders bottom pattern, showing the possibility of further rise. So far, the gold price has reached 2694 as high as possible. If nothing unexpected happens, it is expected that the weekly line this week will form a big positive line. From a technical point of view, the upward momentum of gold is still strong. Moreover, as the situation between Russia and Ukraine continues to ferment, market uncertainty has intensified, and the demand for gold as a safe-haven asset has also increased, which has provided continuous impetus for the rise of gold. Therefore, in today's operation, we can still maintain the idea of backing back to buy.
Background factors of gold rise
The recent rise in gold prices is obviously closely related to geopolitical tensions. The conflict between Russia and Ukraine has not been effectively curbed. On the contrary, as the situation escalates, the market's uncertainty about the global economy is also increasing. In this case, investors tend to turn to safe-haven assets such as gold to hedge potential market risks. From historical experience, geopolitical risks tend to push up gold prices in the short term, and the current situation between Russia and Ukraine remains one of the main focuses of the market. The safe-haven demand for gold has therefore been further enhanced.
In addition, as the global central bank continues to raise interest rates, the trend of the US dollar has become one of the important factors affecting the price of gold. Although the US dollar remains strong, gold can still occupy a place in the global market due to geopolitical uncertainties. The current momentum of gold's rise is closely related to the intensification of the situation between Russia and Ukraine, and this factor may continue to support the rise of gold for some time to come.
Technical analysis
From the current 4-hour chart of gold, gold has broken through the important technical level of 2690, forming a head and shoulders bottom pattern, which usually means that gold has a strong potential for growth. At present, the price of gold has touched the 2694 line. If it continues to break through the 2700-2705 pressure range, gold is expected to rise further, or even break through higher levels, and the target may point to around 2750.
Upper pressure level: 2700-2705
The short-term resistance level of gold is in the 2700-2705 range, which is a key technical range that has failed to break through many times. After breaking through this area, gold is expected to rise further, and the short-term target may point to the 2750 line. If gold can break through and stabilize in this area, it may attract more investors to follow up, thereby pushing the price of gold to continue to rise.
Support level below: 2660-2666
In terms of support below, the 2660-2666 range is still an important support level for gold. If the price pulls back to this area, you can consider looking for long opportunities. From a technical point of view, gold has rebounded strongly in this area recently, and the probability of breaking through this support in the short term is low. Therefore, when it falls back to this support range, it is an ideal opportunity to enter the market.
Risk control: strict stop loss
Due to market uncertainty, especially in the European and American trading hours, there may be sudden black swan events that cause drastic market fluctuations, so risk control is very important. It is recommended to set a reasonable stop loss point in each transaction, especially in the European and American trading hours with large fluctuations. The stop loss can be set 10-20 points below the support level to ensure that in case of drastic market fluctuations, it can stop loss in time to reduce losses.
Operation strategy
Based on the current market situation, the operation idea is still to fall back and do more. When the gold price pulls back to the 2660-2666 support range, you can consider intervening to do more. The target position can be set in the 2700-2705 area. If it breaks through this area, it can continue to hold, and the target may further rise to around 2750. When entering the market, pay special attention to risk management, especially during the European and American trading hours, be particularly cautious and guard against violent market fluctuations.
Retracement and long: Wait for the gold price to pull back to the 2660-2666 support area, and go long in this area.
Stop loss setting: Set the stop loss below 2660 to prevent unexpected market fluctuations.
Target position: The initial target is set in the 2700-2705 range. If it breaks through this area, it can further look at 2750.
Risk warning
Risk of black swan events: Although gold currently has a strong upward momentum, market risks still exist. Sudden events may occur during the European and American trading hours, causing violent market fluctuations. Investors should always be vigilant to avoid being greatly affected by sudden black swan events.
Technical volatility risk: Gold has a certain pressure level on the technical side. If it fails to break through the 2700-2705 range, there may be a risk of a pullback. At this time, it is necessary to adjust the operation strategy in time to avoid holding positions for too long and encountering price declines.
Summary
In general, the upward momentum of gold is relatively strong. Affected by the situation in Russia and Ukraine and global economic uncertainty, the safe-haven demand for gold still exists. Technically, gold has broken through 2690 and has the potential to rise further. In terms of operation, you can wait for gold to pull back to the 2660-2666 area to enter the market and go long, set a reasonable stop loss, and strictly control risks. Maintain a cautious trading attitude, especially during the European and American trading hours, to ensure the flexibility of trading strategies and the effectiveness of risk control.
Gold Trading Strategy 22nd November 2024Gold Trading Strategy
Current Price: 2669.140
Buy Above 2674
Action: Wait for a one-hour candle to close above 2674.
Target 1: 2685
Target 2: 2698
Stop Loss: 2660
Rationale: This level acts as a breakout point, suggesting bullish momentum if surpassed.
Sell Below 2647
Action: Wait for a one-hour candle to close below 2647.
Target 1: 2635
Target 2: 2622
Stop Loss: 2660
Rationale: A close below this level indicates bearish sentiment and potential further downside.
Key Levels Summary:
Resistance Levels:
2674 (Immediate resistance and breakout level)
2685 (First target)
2698 (Extended target if momentum persists)
Support Levels:
2647 (Immediate support and breakdown level)
2635 (First target)
2622 (Extended target on bearish continuation)
Disclaimer
This strategy is based on technical analysis and is provided for informational purposes only. It is not financial advice. The price of gold can be influenced by multiple factors, including economic news and geopolitical events, which may affect the levels and trading outcomes. Always manage your risk appropriately and consult a financial advisor if unsure.
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!!
Just a viewAs price has reached to its bearish order block
A short position can be build here .
SL -2712.8
TG1- 2638.5
Tg2- 2574.5
Its just an view only no trade signal.
Trade as per your risk management .
Have a nice day
BTC |GOLD | PRICE ACTION ANALYSIS | 21 NOV | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
Gold prices continue to climb, surpassing $2,660. 27.50K positive delta on just 1 million volume of trade which means 27 % approx. of trading is net positive on buying side over the daily candle. This is massive interest in buyers side, and shows no room for selling side in near term momentum.
Gold price buyers appear unstoppable, price extends its recovery mode into a fourth straight session early Thursday, helped by a modest pullback in the US Dollar (USD) and the US Treasury bond yields.
The USD rallied hard on Wednesday, tracking the sharp gains in the US bond yields as traders reinforced the Trump trades optimism, digesting hawkish Fed commentary and poor 20-year bond auction results.
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 - XAUUSD - Shorting Opportunity with Good Risk RewardGOLD (USD) - CMP $2630
TF: 90 Minutes
After a 5 wave decline, price has moved up in a corrective bounce. And now getting halted/rejected at the 200 Period EMA which is also the previous support zone (now turning to be Resistance)
I was hoping for it to test the AVWAP from the highs $2660 (which is also about 50% retracement of this entire fall)
Even if Gold has to go up, it can't be a V shaped recovery.. It will come down to retest the lows at the least or even 0.618 Fib of this entire corrective rise.
For Aggressive shorts 2645 will be the SL (2 candles close above).. But I would still prefer a test of 2660-70
Xauusd SMC Levels for 21-11-24 #Goldsetup # thezenmaster forexPlay between 2670 and 2650,
Sell level 1 - 2670
Sell level 2 - 2677
Buy level 1 - 2656
Buy level 2 - 2650
stay bullish
short only for scalp
Use SL
Cheers!!
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.
