XAUUSDK trade ideas
Gold Trend Forecast for New Day (December 5) – Rebounds to 2666 🔽Gold prices rose on Wednesday (December 4), after data showed the number of jobs created by the US private sector increased at a moderate pace last month, ahead of a speech by the US Federal Reserve Chairman Jerome Powell later in the day and the official jobs report on December 6.
🔽The ADP report showed that the US private sector created 146,000 jobs last month, slightly lower than the forecast of 150,000 jobs increase from economists participating in a Reuters poll.
🔽Gold is seeing a weak reaction today, with a stronger-than-expected impact from the upcoming official US jobs report and if the data shows a weakening number of jobs, that will support gold prices.
🔽Gold seems to be finding strong resistance at 2630
Note: Currently Gold is completely following fundamental news Especially US economic news! Bad News Gold Rises! Good News Gold is down
🔽Currently, Gold has broken 2655 and has a Closed closing level around 2650 and is the second consecutive day that Gold has closed higher than the previous day, so today Kevin will prioritize following Buy Gold
🥰Trading plan:
🔼 Buy Gold: 2636x – 2634x
SL: 2630
Tp: 2644 - 2653 – 2688 – 2720
🔽 Sell Gold: 2663x – 2665x
SL: 2668
TP: 2678- 2665
🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order.
🫶Wishing everyone a happy and joyful Thursday 🫶
XAUUSDAfter a sweep of Tuesday Low, it has created a strong Bullish OB with a iFVG inside.
Currently expecting the market to move below the IPDA, taking out the Asian Low and then move higher into the ERL-PDH.
Entry from the iFVG.
Gold (XAU/USD) !! Bears are Getting Ready.How's the Josh traders??
So Gold,
Many of them are Bullish and the shorter time frame charts are showing a bullish stance.
BUT !! My Analysis Seems Different.
On the chart in Daily time frame we can clearly se Price is taking resistance near 0.618% & 0.786% of Fibonacci levels, May be I am Wrong.... but i am considering it as Impulse wave 3(Elliot Wave theory) so if i am right then wave 5 is also pending and price may move further more downwards.
AS PER MY ANALYSIS, I AM INITIATING SHORT POSITION.
SHORT GOLD
SL : HIGH OF FIBONACCI RETRACEMENT OF 0.786%
TARGET : 2366/2109
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE.
HAVE A GOOD DAY TRADERS.
GOLDGold Spot looking good to trade Bullish BAT pattern with resistance of 2650.52, RSI also in weak zone. PRZ will be 2637.63.
Gold XAUUSD still sell on rise near resistance area on chartDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAUUSD todayHello dear friends, it's Samson here!
Gold prices continue to consolidate within a familiar range, as the market awaits a fresh catalyst to drive the next decisive move. What’s in store for gold, and what scenarios could unfold?
At the moment, sellers have hit the pause button, keeping an eye on key events like Federal Reserve Chair Jerome Powell’s remarks, U.S. employment data, and the all-important CPI report. These indicators will shape expectations for the Fed's policy outlook. According to the CME FedWatch Tool, traders are currently pricing in a 74% chance of a 25-basis-point rate cut at the upcoming Fed meeting. However, nothing is set in stone, and until clear signals emerge, the market may remain locked in consolidation mode.
On the technical front, gold could build bullish momentum to test significant resistance levels amid favorable news. However, if prices break below the critical support at 2636 and sustain that position, a bearish wave could gain traction sooner than anticipated.
This is a pivotal moment for XAUUSD, as the market balances between anticipation and action. What’s your take on the current setup? Let’s discuss your thoughts, forecasts, or any questions you have—together, we can navigate these shifting dynamics!
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I want to challenge myself, so every week I will handle 1–2 requests to code a trading system on TradingView based on ideas contributed by the community. (mostly XAU or BTC)
The system might turn out to be profitable, or it might not meet expectations, but what matters is how I combine indicators, transform indicator combinations into an automated entry and exit system, and analyze the output metrics.
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All of this will help traders shorten the process of refining their systems, save time, and achieve greater profits.
👇 What you need to do is provide a detailed description of your request in the comments below. I will pick requests one by one and complete them.
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Gold taking rejectionGold taking rejection from supply zone.
if sustains we can see a downward moment till demand zone.
Zone to zone trading.
Gold analysis on Wednesday: long-short boundary near 2645Gold analysis on Wednesday: long-short boundary near 2645
As shown in the figure:
Four-hour cycle: 2620-2660 is still the current oscillation range
Oscillating center: 2640-2645 range (ray A: the most effective pressure line at present)
Oscillating space: Today, there will be a general direction around 2645 (yellow circle: the current convergent oscillation range, there is not much area, which means that a new trend is about to break out)
The current trend of gold is converging and oscillating around 2640-2645. Still focus on the trend performance around 2640-2645.
Strategy:
-------------------------
Bull thinking:
Bottom support: 2635-2640
Breaking pressure: 2650-2655
Upward target: 2655-2670-2680
-----------------------------------------
Bear thinking:
Top pressure: 2650-2655
Breaking support: 2640-2635
Downward target: 2630-2620-2600-2580
As the Asian market gradually weakens, once it breaks below 2635, gold is likely to fall in volume today, and stop loss must be set at the same time
Today's gold thinking: short at highs
Policy: (Gold is about to explode in a big market, and risk control must be done well)
The explosive market is about to happen! Powell's speech leads these major events to come. There are many risks in financial market events on this trading day, including the US ADP employment report, the US ISM service industry PMI, the Federal Reserve Beige Book, and the speech by Federal Reserve Chairman Powell, which are expected to trigger major market movements.
1: The US ADP employment change data for November will be released. This data is known as the "small non-agricultural": the US ADP employment is expected to increase by 150,000 in November. Previously, the US ADP employment increased by 233,000 in October. If the data is higher than expected, it may rekindle optimism about Friday's non-agricultural employment data and lead to lower gold prices.
2: The US ISM non-manufacturing purchasing managers' index (PMI) for November will be released, expected to be 55.5.
3: Federal Reserve Chairman Powell will be invited to be interviewed at the New York Times DealBook/Summit conference.
In his last speech in November, Powell made hawkish remarks, saying that the Fed did not need to rush to cut interest rates because the job market was solid and the inflation rate was still above the 2% target. Federal Reserve Chairman Powell said at an event at the Dallas Fed that the U.S. economy has not sent any signal that the Fed needs to cut interest rates as soon as possible, and the current strong economy gives the Fed the ability to make cautious decisions.
XAUUSD The price has entered the Discount zone after the Asian Session in the LKZ.
OTE Entry !!
Targeting the PDH
Xauusd SMC Levels for 04-12-24 #Goldsetup #thezenmasterforexPlay between 2627 and 2651,
Sell level 1 - 2646
Sell level 2 - 2651
Buy level 1 - 2643
Buy level 2 - 2638
Neutral till NFP
Use SL
Cheers!!
#GOLD/SILVER RATIO CHARTOn longer time frame #Silver is underperforming #Gold till now, but this can turn very soon. Ratio chart suggests- #Silver can soon start performing. As per ratio chart currently we are 85-86 level staying below 90, we can see 65-55 levels coming month.
Gold (XAU/USD) Analysis superb trade Gold (XAU/USD) Analysis
Timeframe: 15-Minutes
Key Observations:
A strong descending resistance trendline (purple) is visible, tested multiple times (marked with yellow circles).
Price has bounced from the ascending support trendline (purple) near the lower zone, showing significant buying pressure.
Horizontal support and resistance zones (blue) provide clear areas for price reactions.
Indicators Used:
Ichimoku Cloud: Highlighting key dynamic support and resistance zones.
EMA lines: Confirming directional trends and potential crossovers.
Price is testing a resistance zone, indicating a potential reversal or breakout scenario.
Trade Setup:
Entered a long position near the trendline support.
Stop Loss: Below the ascending support zone.
Target: Near the next significant resistance zone.
This setup reflects a balanced risk-reward ratio, respecting technical zones and market momentum.
Update XAUUSDSpot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold.
Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend.
Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among financial investors about potential instability in the country, which could impact commodity prices and international currency markets. Consequently, many have increased their gold purchases as a safe-haven asset. These factors are fueling gold prices to climb further today.
Gold trading strategy for 04th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Big Bullish Trade in XAU/USD(GOLD).I have noticed a good triangle BREAKOUT Zone in GOLD.
I have placed some levels where i am going to TRADE.
Hope you find it educational.
Disclaimer - Education Purpose only.
gold update blw edu pur.spot gold stya abv 2647 looks up side 2655--60++++ in mcx styaa abvv 76850 looks up side 77100++ expect yes dedicate bounce ready support find 2630@if blw than more dwn side in mcx 76700@ support
Gold analysis today: 2640-2645 will show a new directionGold analysis today: 2640-2645 will show a new direction
As shown in the figure:
Four-hour cycle: 2620-2660 is the current oscillation range
Oscillating center: 2640
The current trend of gold is converging and oscillating around 2640. We still focus on the trend performance near 2640.
Strategy:
-------------------------
Bull ideas:
Bottom support: 2630-2635
Break pressure: 2640-2645
Upward target: 2650-2660-2670
---------------------------------------
Bear ideas:
Top pressure: 2640-2645
Break support: 2630-2635
Downward target: 2620-2600-2580
Monday market interpretation: fast fall, slow rise, start to fall from the Asian session
Tuesday market interpretation: slow fall, fast rise, start to rebound from the Asian session
Today's market summary:
Low-to-long ideas, reasonable position control, set a good stop loss
Policy (positive):
New York Fed President Williams, who is known as the "third in command of the Federal Reserve" and enjoys permanent voting rights on the FOMC, said that now that inflation and employment risks are more balanced, officials may need to further lower interest rates to shift policies to a neutral stance.
But Williams did not say whether he would support a rate cut when policymakers meet later this month, saying decisions would be made at each meeting.
"I expect that it will be appropriate to continue to move toward a more neutral policy environment over time," Williams said Monday in prepared remarks for a Queens Chamber of Commerce event in New York. "The path of policy will be data-driven. If we have learned anything over the past five years, it is that the outlook remains highly uncertain."
The neutral rate is the rate that neither stimulates nor hampers economic growth.
Williams said the economy is in good shape and the labor market is solid. Labor demand has cooled and labor supply has increased, and Williams said the labor market is unlikely to add to inflationary pressures in the future.
Williams said that while inflation remains above the Fed's 2% target, there is reason to believe that inflation will reach the target, noting that inflation for goods and services other than food, energy and housing has slowed.
Fed officials began cutting rates in September after raising them to a peak of 5.25% to 5.5%, which helped cool inflationary pressures from a peak of 7.2% in mid-2022.
But recent data showed stubbornly high inflation in the services sector, and investors in December futures contracts are betting that the rate-cutting cycle could pause. The personal consumption expenditures price index excluding food and energy rose 2.8% in the 12 months through October.
On the geopolitical front (bullish):
At least nine people were killed and three others wounded in an Israeli attack on two southern Lebanese towns, Talousa and Haris, on Monday. The Israeli military said it struck dozens of Hezbollah targets across Lebanon. Earlier on Monday, Lebanese authorities reported two more deaths in Israeli strikes elsewhere in southern Lebanon, including a state security agent who was killed in the line of duty, bringing the day's death toll to 11.
Shortly before Israel launched its latest attack, Hezbollah accused Israel of violating a ceasefire by firing missiles at an Israeli military position in the disputed Shebaa Farms area. Hezbollah said it was a "defensive warning strike."
Residents of Beirut also told Reuters they heard drones flying low overhead late at night.
The exchange of fire makes the U.S.-brokered ceasefire between the two sides increasingly fragile less than a week after it came into effect.
U.S. officials worry that the Lebanon ceasefire could fall apart. The White House is concerned that Lebanon's fragile ceasefire could fall apart after Israel and Hezbollah exchanged fire in recent days.
