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 📈
XAUUSDG trade ideas
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.
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
Gold Price Tests Key Support Amid Downward MomentumThe current gold price is testing support around $2,560, reflecting a downward trend that began after reaching recent highs. The resistance at $2,607 has proven resilient, contributing to the bearish sentiment as prices struggle to regain momentum.
If gold fails to establish a reversal pattern above this support level, we could see further declines toward the next key support zone around $2,480. This area is highlighted as a potential bounce-back region, where buyers might re-enter the market. However, any recovery will need to break above the previous resistance to shift the trend back to a bullish stance.
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.
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!
GOLD longgold going for block area on daily
and GP V on H4 will push the price up
for reteest the new resisitance area
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
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.
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!!
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. 🙏
[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.
Gold target and entryAs per the trend gold have to hold the bottom line and targets mentioned in chart
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.
XAUUSD Faces Pressure from China and USDChina has recently discovered a new gold mine, potentially reducing its future demand for gold, which could push gold prices lower. Meanwhile, Trump’s election victory has strengthened the USD, adding additional downward pressure.
Currently, XAUUSD is hovering around 2,627.275 after a recovery from a low near 2,605.310. However, the price was rejected at the strong resistance zone near 2,700, signaling a significant hurdle as the previous upward trendline has been broken.
The EMA 34 (2,653.133) and EMA 89 (2,585.826) are acting as potential support levels but also indicate that the bullish momentum is fading. If the price fails to hold above the EMA 34, a deeper decline towards the 2,560 support zone could occur, especially as selling pressure intensifies.
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market.
With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
Gold positional short upto 7th december 72000As the trending up channel has been broken with SL of 2686 one can go short on every up
Best short at 2661 2653 and risky traders can short at 2643 for the target of $2500
Yes there is support at 2589 but partial profit can be booked there with revised SL of 2619
Gold's (xauusd) perspective for starting the week
Key Observations:
Ascending Channel: Gold is trading within a well-defined upward channel. The recent rejection near the upper boundary confirms resistance at higher levels.
Pullback Underway: The price has shown a pullback from the highs and is approaching the internal trendline around $2,642, which could act as interim support.
Major Support Zone: The key support zone lies between $2,500-$2,550, coinciding with the lower boundary of the channel. This area is crucial for maintaining the bullish structure.
Expected Movement:
The price may first retest $2,642, followed by another drop to the $2,500-$2,550 support zone.
A bullish bounce from this zone would reaffirm the long-term uptrend.
Bearish Scenario: A break below the $2,500 support zone could invalidate the ascending channel, exposing gold to deeper declines.
