XAUUSD_LMAX trade ideas
XAUUSDENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Gold (XAU/USD) intraday trading at current levels 11/4/2024Support and Resistance Levels:
Support Levels:
First Support (S1): $2,750
Second Support (S2): $2,740
Resistance Levels:
First Resistance (R1): $2,770
Second Resistance (R2): $2,780
Trading Recommendations:
Buy Entry:
Entry Point: Near $2,750 (S1)
Target: $2,770 (R1)
Stop-Loss: Below $2,740 (S2)
Sell Entry:
Entry Point: Near $2,770 (R1)
Target: $2,750 (S1)
Stop-Loss: Above $2,780 (R2)
These levels are derived from recent market data and technical analysis. It's essential to monitor Gold's price movements closely, as commodity markets can be highly volatile. Adjust your trading strategy accordingly and consider using additional indicators to confirm entry and exit points.
GOLD IDEA FOR 4TH NOV
"Recently, gold broke below an order block, attracting sellers—only to trap them by pushing higher. Currently, gold is within a key order block and has dipped to grab liquidity from recent lows. There’s potential for it to move lower, trapping demand buyers, before luring in more sellers by appearing to break the demand zone, and then possibly reversing upward to fill major imbalances.
"If this turns into a genuine breakdown, we could see strong momentum similar to the recent 400-pip move. Reversals in the market are notoriously tricky—they often act as traps for traders. That’s why caution is key: watch for confirmation and don’t rush in without clear signals.
This is why it’s essential to wait for a retracement and observe whether lows and highs are being broken before taking a position. Always prioritize confirmation.
If you found this analysis useful, please like, follow, and comment for more insights!"
GOLD TP DONE 1ST NOV 2024Trade Recap: We observed price retrace to the 0.5 Fibonacci level, aligning with a minor order block on the 5-minute time frame. A strong bearish engulfing candle formed on both the 5-minute and 15-minute charts, signaling potential downside. The next candle in the 5-minute chart showed solid rejection, further confirming the entry.
With a setup yielding a 1:4 risk-to-reward (RR) ratio, we closed the trade early before reaching the take-profit level due to the impending close of the gold market.
Hope you enjoyed this analysis! If you found this helpful, please like, comment, and follow for more trade setups, insights, and detailed market breakdowns. Happy trading!
GOLD TP DONE 31 NOV 2024"As you can see, gold wicked our take profit, making it a successful trade with a proper setup. Currently, after breaking structure on the 1-hour time frame, gold has completed its retracement and is holding the 0.618 level strongly. If there are any signals for an upside move, I’ll set up a trade shortly. Please like, follow, and comment if you’d like more trade setups with detailed logic explained."
Profit booking done, Gold again in buying zone\With start of new day of new month, XAUUSD is again in buying zone. The profit booking of the month is done completely.
The buyer on XAUUSD are again on zoom to extend the gains as there are more valid reason for gold to rise highter than settling lower.
Today, the gold price continues to trend upward, driven by several key factors. First, heightened geopolitical tensions and economic uncertainties are strengthening gold’s appeal as a safe-haven asset. Central banks worldwide, particularly in Asia and Europe, are also increasing gold reserves as they diversify away from the U.S. dollar amid "de-dollarization" trends. This demand from institutions and governments is a notable driver of the current rally.
Additionally, expectations around U.S. Federal Reserve policies contribute to the gold surge. Investors widely anticipate potential interest rate cuts in 2024, as the Fed shifts its stance in response to easing inflation and potential economic slowdowns. A lower interest rate environment generally supports higher gold prices, as it decreases the opportunity cost of holding gold compared to yield-bearing assets.
#XAUUSDDeep adjustment rhythm, awaiting the upcoming opportunityMarket outlook for Gold trading during the European-American session on November 1, 2024:
Yesterday saw a profit-taking adjustment that was anticipated. This adjustment will be quite strong, and we should wait for a good entry point to implement our upcoming hold strategy.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2760-2765 and 2770-2775.
BUY zone: 2725-2730, 2710-2715, and 2680-2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2660 - 2662
SL 2665
TP 2657 - 2650 - 2640 - 2630 -open
Plan 2: SELL XAUUSD zone 2773 - 2775
SL 2778
TP 2770 - 2760 - 2750 - 2740 - open.
Plan 3: BUY XAUUSD zone 2711 - 2713
SL 2708
TP 2716 - 2720 - 2725 - 2730.
XAUUSD Trade setup for 01-11-2024 #Goldsetup #XauusdRocksKeylevels are between 2757.46 to 2743.33 play between these levels before NY
there is a weak support at 2748.96
Always use Stoploss
Dont add layers in between, add only at levels.
Cheers!!
BUY GOLD In my opinion, I am looking to buY , which is a strong DEMAND ZONE and gold in strong uptrand . It is not advisable to enter without confirmation from a lower TF.
GOLD ANALYSIS 1ST NOV 2024Gold Market Analysis
Gold recently took a 400-500 pip plunge, which we captured yesterday. Currently, price has tapped into a 4-hour order block and is forming higher highs, though the bullish momentum remains relatively weak.
On the 5-minute timeframe, there's a minor order block in focus. If price breaks above this level and retraces, it’s likely to reach a major order block overhead. This move could potentially trigger a strong bullish push, as there are limited levels above, only some imbalances and fair value gaps (FVG) to consider.
However, if this bullish setup turns out to be a trap, we may see price tap or briefly break the order block to attract more buyers, only to reverse and resume the bearish trend with increased momentum.
Trade Strategy
To reduce risk, always wait for market structure confirmations on the 15-minute or 1-hour timeframe. Let the setup develop, and don’t jump in prematurely.
If you found this breakdown helpful, please like, follow, and leave a comment for more insights on trade logic.
Gold flirts with sellers in a bullish channel ahead of US NFPGold is stabilizing after its largest daily decline in 15 weeks, as traders await Friday's US Nonfarm Payrolls (NFP) report. In doing so, the precious metal bounces back above the 50-SMA but struggles to reclaim its previous upward trend, signaled by a three-week-old rising wedge. Still, it remains within a bullish channel established since early August.
Bulls need conviction to retake control
Even with gold's recent bounce and its position within a multi-day bullish channel, Thursday’s confirmation of a rising wedge bearish chart formation, combined with bearish MACD signals and a lack of oversold RSI, raises concerns for buyers.
Key technical levels to watch
Gold buyers focus on the rising wedge's bottom near $2,762 to regain control. If they succeed, the next targets will be the wedge's top at around $2,796 and the bullish channel’s upper line at about $2,810. A firm move above $2,810 could lead to the bullion’s gradual rise toward $2,900 and potentially $3,000.
On the other hand, Gold sellers are looking at Thursday’s low of $2,731, with the previous weekly low of around $2,708 in their sights. Key levels for bears include the bullish channel bottom and the 200-SMA near $2,687 and $2,670, respectively. If gold drops below $2,670, it may be set for a decline toward the rising wedge target of $2,570.
Bulls in control, but sellers seek opportunities
The recent bearish chart pattern offers sellers a chance for short-term gains, especially if the US employment report impacts gold prices. However, buyers are expected to maintain their hold on the market.
GOLD 15R TRADEgold broke consolidation area and gave a retest rejecting the minor support..inital plan was to hold trade till price takes out liqudiity at tp 1 but sudden momentum made gold go down by 300 pips and hit our tp 3
GOLD(XAUUSD)XAUUSD is under a 5:4 wave formation which fall can be arrest near 2759. and we may see 5:5 formation which was a last phase of Impulse completion.. I will use this rally to exit my longs between 2789 to 2810.
Risky trade is to go long near 2759-2750 SL 2734 tgt 2789-2809..
Safe trade is look to short near 2809 zone...
GOLD SHORTING OPPURTUNITY 31 OCT 2024Gold Analysis and Trade Strategy
Gold has recently broken through a major support zone, closing decisively below it. This shift signals potential selling opportunities if the price consolidates and shows a strong short setup around key retracement levels.
Trade Setup:
Preferred Entry: Look for price to retrace to an order block region, providing a tight stop-loss option.
Confirmation: Observe the 15-minute chart. Wait for price rejection at our levels, accompanied by a series of lower lows.
Once all conditions align, consider entering the trade for an optimal risk-to-reward setup.
🔔 Like, comment, and follow for more gold trade insights!
GOLD SHORT 31 OCTObserved a major consolidation breakout on a higher time frame, followed by a retest and rejection at minor consolidation support, which prompted my entry. Price is currently filling an imbalance (FVG) but may trap and reverse, potentially taking out the FVG before moving up due to the overall bullish trend. Noted significant resting liquidity at demand zones, so I secured 50% profits at the FVG and moved the stop loss to entry. Monitoring for continuation downward to trap FVG buyers. Feel free to like and comment for further trade insights!
Xauusd Trading setup for 31-10-2024 #Goldsetup #XauusdrocksXauusd reacted as expected and predicted in my levels from 2789
Today also play between 2789 and 2777, avoid trading in between.Always use stoploss
I'm overall bullish on long term but we can expect ocassional selling pressure.
Do boost If you agree:)
Cheers
GOLD will make new ATH soon |||BUY GOLD on BREAKOUT...
TARGET mentioned on chart>>>>
STOPLOSS Below Support..
Thanks & Regards
@VishwajeetSharma
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day!
Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal.
Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach.
Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!
"Gold Trading Zones for October 31, 2024: Key Buy & Sell Levels!In this chart:
Red levels indicate selling levels.
Green levels indicate buying levels.
These levels can guide entries and exits for trades in the Gold Spot/USD market.
Plan Trading day : 31.10.2024 with Gold"I think today I will trade within the M15 range as shown.
I see that H4 is showing hesitation from both the buying and selling sides. Yesterday, the information seemed to support gold's rise, but fundamentally it is overbought, so it may need to slightly decrease to allow liquidity to enter and push the price up. This phase does not seem to be promising for traders.
I will wait for a signal to enter a SELL around 2790 and look for a signal to BUY around the 2773 area.
Good luck to you all!"
