GOLD TRADEFlag and Pole in Gold (XAUUSD) is seen at 30 min so we can see a good momemtum from here and trader keep your eye in orange zone of support to put the trade in.
XAUUSDK trade ideas
GOLD TRADEFlag and Pole in Gold (XAUUSD) is seen at 30 min so we can see a good momemtum from here and trader keep your eye in orange zone of support to put the trade in.
Gold -> How Long Will the Adjustment Last? Emphasis on $2,600Hello, dear friends!
Gold (XAU/USD) extended its recovery early this week, reaching the critical $2,600 mark and ending a six-day losing streak after a false breakout and a retest of $2,546. This rally has been fueled by escalating geopolitical tensions as the U.S. authorized Ukraine to use long-range weapons to strike Russia.
However, the market remains under significant pressure. The USD and bond yields continue to rise, while the Federal Reserve maintains a hawkish stance. Economic struggles in Europe are weakening the euro, driving demand for the USD and further weighing on gold.
This week, the gold market is expected to remain subdued with limited major economic data releases. Key areas to watch include U.S. housing data, the University of Michigan Consumer Sentiment Index, and comments from Federal Reserve officials.
Gold is currently testing the critical resistance zone at $2,600–$2,589. A false breakout here could trigger strong selling, reinforcing bearish momentum. Conversely, a modest pullback followed by a decline to $2,546 would solidify a clearer downtrend. Keep a close watch!
Plan For Shorts Market want to drive till next key level area of 32 Goes Fall Till 32.00according to Fibonacci 0Area Means 1st TP
After the adjustment is completed, the recovery process begins.Market analysis for XAUUSD trading on November 18, 2024:
Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week.
Today's trading trend: BUY.
Key price levels to watch:
BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530.
SELL zone: 2595 - 2600 and 2615 - 2620.
Recommended orders:
Plan 1: BUY XAUUSD zone 2556 - 2558
SL 2653
TP 2561 - 2670 - 2580 - 2600.
Plan 2: BUY XAUUSD zone 2539 - 2541
SL 2536
TP 2544 - 2550 - 2560 - 2580 - 2600.
Plan 3: SELL XAUUSD zone 2595 - 2597
SL 2600
TP 2592 - 2580 - 2570 - 2560.
Gold : due for a pullback : Unconfirmed Gold price seems to be bouncing on Bullish Imbalance on daily TF (Seems like a hammer on daily) but we need a green follow up day to confirm this as possible pullback (The length of pullback is not clear right now but we can expect it approx. 70-80$ from the recent low).
In higher side we have to watch 2595 (First Fib retracement level on daily) and then 2600-20 area for re sell opportunities on confirmation.
GOLD (XAUUSD) Buy Entry at 1 ) 2578 2 ) 2571Gold Shown Significant fall from 2790 to 2600 now it time to enter buy side trade so First entry in gold at 2577(+-2 Dollar ) and second entry at 2570.7 (+- 1 Dollar ) Mostly trade will active from 14 or 15 Nov 2024
GOLD ANALYSIS FOR 18TH NOV🔸 Market Analysis:
Daily Time Frame: Price is rejecting a significant daily order block, aligning with the overall downtrend.
Structure: The market is creating a series of lower lows and lower highs, confirming bearish momentum.
Momentum: A strong bearish push suggests the potential for an upside retracement before further continuation.
🔸 Key Insights:
Scenarios Highlighted: I've marked two possible price movements on the chart.
Confirmation is Key: Always wait for clear retracement confirmations or valid breakouts before taking action.
Plan Your Trades: Trade according to your strategy, ensuring proper risk management.
💬 Questions? Drop a comment if you'd like analysis on any other asset or clarification on this setup.
Gold in buying zone.With better US news results even , Gold prices sustained over previous days low, which clearly shows buyers being accumulated on short term . Seems selling term is over for now and accumulation is ignited.
FX_IDC:XAUUSD
Gold is on rally again as its been 2 weeks now XAUUSD has faced good selling pressure, and profit booking.
We could assume that gold may be rising now and the near term selling pressure is over.
GOLD ANALYSIS 15TH NOV
Refined Trading Plan
4H Analysis: Price is sitting at a significant order block, indicating potential bullish strength.
1H Confirmation: A clear retracement has occurred, and the structure is forming higher highs, signaling continuation of the uptrend.
15M Precision: Momentum aligns with higher time frames, with price pushing consistently higher.
Entry Plan:
Wait for price to break and retest a minor trend line.
Look for rejection candles or wicks during the retest to confirm entry.
Target & Risk Management:
Risk-Reward Ratio: 1:3.
Position sizing based on your predefined risk percentage per trade.
This ensures alignment across multiple time frames for a high-probability setup. 💹
Tip: Stay disciplined, wait for confirmations, and avoid forcing trades. Like & follow for more actionable insights! 🚀
#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.
