Follow the trend and keep sellingGold fell sharply on the daily line. With Trump's victory, market funds flowed into US bonds and the US dollar index, which had a certain negative impact on gold and silver. The short-term hourly chart has double tops, the four-hour moving average dead cross opens downward, the daily dead cross opens downward, and the RS indicator breaks through the middle axis. Oversold intraday trading rebounds and high-altitude is the main focus.
Gold shorts are unstoppable, and bulls basically have no counterattack power. Gold is now shorting with the trend, and the rebound is an opportunity to short. Gold is directly shorted near 2660 in the Asian session! Believe in the power of the trend.
Gold's 1-hour moving average is still diverging downward, and the gold short momentum is still very strong. After gold rebounded yesterday, it continued to fall weakly under pressure at 2678. Gold is too weak, so it will continue to be short. If the rebound is too large, gold can't continue to be short. Now the rebound is weak and it is directly short.
First support: 2632, second support: 2609, third support: 2600
First resistance: 2663, second resistance: 2675, third resistance: 2683
Trading strategy:
Prioritize shorting based on resistance, shorting can be done near 2663/2675; buy again if a stop-fall signal appears at the resistance position.
Goldtradingstrategy
GOLD UPDATES MOMENTUM AHEADHello fellow traders, were back on. after the ascending channel, price corrects and clear the high. RUn liquidity for 30$ moves upside, then price has momentum on going back to its trendline. Im expecting a price to clear the previous corrections. First might get the OB then manipulate below.
The higher targets would be the previous high! THis is not a financial advice.
Follow for more.
chart invalid if the friday highs break next week.
For more detailed charts keep following.
THE KOG REPORT - ELECTION SPECIAL UPDATEEnd of day update from us here at KOG:
The path has worked quite well so far with price testing the high, adhering to KOG's bias for the day and week and respecting the red boxes. We've managed to stay the right way and capture most of the move down completing nearly all the bias level targets on the KOG Report.
So, what now?
We have major support below at the 2650-55 region with slight extension in to 2645. If this level is attacked and defended in the coming sessions we should get a move back upside into the initial levels of 2675 and above that 2680-5. We do need to see a clean reversal for this to happen so let's be patient if you're looking to go long. Those who followed and are short, we suggested protecting and taking partials along the way while enjoying the move.
For now, planned and executed, Excalibur and the red boxes performing well. Let's see what tomorrow's news brings.
As always, trade safe.
KOG
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
A volatile day in the markets today from the US election and once again we were able to use our levels to navigate the markets even on a volatile day like this.
We did not chase momentum but instead we stuck with our plans to buy dips from our weighted levels for a 30 to 40 clean catch from 2700 level.
We are now seeing a further breakdown into the retracement range. EMA5 is lagging due to market momentum. However, although we are seeing price in the retracement range and ema5 lagging behind we will need to see ema5 lock below 2672 to open the swing range. Failure to cross and lock below 2672 will see price push up to test the Goldturns above.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2754
EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET
2784
BEARISH TARGETS
2724 - DONE
EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET
2696 - DONE
EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE
2672 - DONE
EMA5 CROSS AND LOCK BELOW 2672 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2640 - 2611
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
11.7 Analysis of Short-term Gold OperationsOn Wednesday (November 5), gold prices fell below $2,700 as the dollar rose after Republican Donald Trump was elected as the US president after his amazing political comeback. Now it is trading sideways at $2,666.
Technical analysis:
Gold has key positions of support and resistance in the short term. At this stage, the $2,680-2,675 area constitutes an important support level for gold. If the gold price falls below this level, it may accelerate downward to test the support area below $2,650, which is the lower edge of the short-term rising channel since July. If it falls further, the next support range of market attention will be concentrated around $2,665, and further explore the $2,640 line.
At the same time, if the gold price rebounds, the $2,748-2,750 area may constitute the first resistance level, and the key resistance above is in the $2,780-2,785 range. If it can stand firm in this range, it may be expected to return to the $2,800 mark. It is worth noting that the $2,800 mark, as the pivot point of the long-term upward trend, will be of great significance to the bulls. If it can be steadily broken through, it may restart the upward trend.
BUY:2660
First target 2680
Second target 2700
Third target 2720
Analyzing the Factors Behind the Recent Gold Price Decline
A Post-Election Dip
Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment.
Why Did Gold Fall?
1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal.
2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities.
3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets.
Is More Downside Ahead for Gold?
While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory:
1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal.
2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold.
3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices.
Technical Analysis
From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly.
Investor Strategies
Given the current market conditions, investors may consider the following strategies:
1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility.
2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation.
3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs.
4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk.
In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Corrective wave continuing in GoldGold is in corrective wave now gold should continue this move and give a good target for sellers.
5th impulsive wave has been completed and 2nd corrective wave also completed now 3rd corrective wave is coming, and this wave should be high sell in gold because it's 3rd wave of correction.
Gold’s Sharp Decline Brings Profits; Ready to BuyI predicted it in advance—the election results would boost the dollar, leading to a drop in gold. Do you trust my analysis? Have you ever traded with such precision? If you followed my suggestion, I’m sure you’ve made a substantial profit! Gold’s volatility remains high, and it may drop below 2700 before rebounding. I’m ready to start buying—are you joining in?
11.6 Gold price plunged sidewaysAfter the high-volume plunge on Thursday, the gold price has been trading sideways above 2720. The price will maintain less than 30 US dollars in the short term. Yesterday, the direct 2745 dry short price can be repeatedly shorted in the short term. 2730 has been broken as expected on Tuesday, and the price will fall below 2700. The US dollar index has begun to rise sharply, and the non-US has already reacted very clearly, and the gold price is following closely. The 2745 dry short price has fallen to 2731 in the morning. Repeatedly go up to 2749 and do short again! At present, 2750 is the second highest point of the gold price. Wait patiently for the large short volume! This sideways trading is to accumulate power for diving!
Intraday strategy:
SELL: 2745 2750 Target: 30------20
BUY: 2700 2705 Target: 35-----40
XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700The XAUUSD (gold) market has a strong initial demand zone at 2722-17 , where a pullback is expected before facing resistance at 2747-53 , which is forecast as a significant supply level. Our major aim is 2700 , which corresponds to a robust daily demand zone.
Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia , have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
If you find this analysis helpful, please consider boosting this idea. Thanks!
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!Chart Analysis Summary
In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend.
Reversal Signal: Double Top with Bearish Flag
The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move.
Bull Flag Structure and Liquidity Zone Testing
The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction.
Potential Entry and Exit Scenarios
Based on Entry Types from your strategy:
High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top.
Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout.
Confluence of Multi-Touch and Patterns
The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately.
Strategy Application:
Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel.
Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs.
Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations.
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!This is an image of the original Video tutorial i made walking through XAU/USD
Chart Analysis Summary
In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend.
Reversal Signal: Double Top with Bearish Flag
The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move.
Bull Flag Structure and Liquidity Zone Testing
The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction.
Potential Entry and Exit Scenarios
Based on Entry Types from your strategy:
High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top.
Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout.
Confluence of Multi-Touch and Patterns
The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately.
Strategy Application:
Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel.
Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs.
Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations.
XAUUSD:5/11 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2716
Four-hour resistance 2800, support below 2730-16
Gold operation suggestions: Gold was flat in volatile trading yesterday. The price of Asian and European sessions was under pressure at the 2744 mark and gradually weakened. The European session fell back and stabilized at the 2732 mark and rebounded. The US session broke through the 2748 line for the second time and was under pressure and weakened. It finally closed at around 2736. The overall gold price was further under pressure at the 2750 mark and ushered in a suppressed volatile adjustment.
From the current technical level of the daily line, the upper resistance is near the 2800 integer mark, and the lower short-term support is around 2716.
With the advent of the US election risk event, the market is relatively stalemate. For the time being, it is still mainly short-term fast in and out. The upper pressure is 2750. The rebound below 2750 is still maintained during the day. Continue to pay attention to the gains and losses of 2730. The rapid rebound after the Asian session pierced proves that there is still a certain amount of bargain hunting buying below. We need to be cautious today. Note that 2730 has been tested for 6 times in a row. The support is gradually weakening. If it approaches 2730 again, it is also likely to accelerate the decline. In the face of the US election in the near future, the market volatility may be relatively fast. Investors are requested to pay attention to risk control, stay vigilant and pay close attention to the latest news changes.
BUY:2717near SL:2714
BUY:2727near SL:2724
SELL:2750near SL:2754
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week.
According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September.
After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48
Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF
GEOPOLITICS
As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price
US ELECTIONs
As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our levels being respected, allowing us to buy dips inline with our plans.
Same as yesterday, we got the bearish target re-test again at 2733, which failed to cross and lock below confirming the support. This gave us another perfect bounce inline with our plans to buy dips and just fell short of the bullish target at 2751 by a few pips. However, we secured our 40 pips clean. The full gap remains open and therefore we will see levels tested side by side until one of the weighted levels break and lock to confirm the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2751
EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET
2768
EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET
2782
EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET
2799
BEARISH TARGETS
2733 - DONE
EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2717
EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2705 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Perfect Time to Buy Gold! Morning Star Signals Further UpsideGood morning, everyone! A new day, a new opportunity! Yesterday’s trading brought us solid profits, and today we aim for even more gains.
In the current gold market, I believe buying is the optimal strategy. In the short term, gold is likely to rise before a potential pullback. What’s behind this view?
Take a look at the 30-minute chart: gold has successfully broken through the MA60 resistance and has formed a “morning star” pattern—a strong bullish signal indicating increased upward momentum. If MA60 can hold as support, gold is expected to rise to around 2745, possibly even reaching 2750.
Continue to go short today, with detailed market analysisThe gold trend indicator MA5 and MA10 tend to be in a state of adhesion. Although it closed below the moving average, from the overall shape, because there is no sustained decline, it is still a high-level sideways correction. Continue to pay attention to the break direction of the 2720/2750 range adjustment.
Gold continues to be weak. Gold rebounded in the past few days and was short. It also won repeatedly. Gold bulls have no rebound power. The rebound in the Asian session continues to be short. Gold is weak, and the short-term short trend will continue. Go with the trend, and the rebound is an opportunity to go short.
The gold 1-hour moving average continues to cross downward and diverge. The gold moving average resistance now moves down to around 2745. After the rebound, gold continues to fall weakly. Bulls basically have no counterattack power. Gold rebounds near the moving average resistance of 2745 in the Asian session and continues to go short.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2748, second resistance: 2763, third resistance: 2775
Trading strategy:
2720-2750 range, sell high and buy low according to resistance and support
XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish.
From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday.
However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty.
Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
11.5 Gold adjustment is still continuing!1: For gold price, 2730 is support in the short term! 2730 is just a rebound, not a reversal. The pressure is concentrated in the range of 2745-50. The sideways trading at the bottom is not a bottoming out, but a new adjustment is brewing.
2: The reason is that gold has fallen from the high of 2790 US dollars. After breaking through the support of 2770 US dollars, the high point position has continued to break down. Even if the non-agricultural data is positive in the middle, it did not drive gold to continue to rise. It just rebounded to above 2760 to complete the top and bottom conversion (previously 2760-70 was a strong support, and strong pressure was formed after breaking).
3: From the $60 plunge in gold last Friday to the non-agricultural data, which did not rise, it shows that the selling pressure from above is large, the buyer's power is weakened, and the gold price can no longer be sent to a higher position. Moreover, the rise from 2605 to 2790 is a full $185. The technical side also needs to be corrected, and the profit-taking urgently needs to close the position and leave the market, so it is not blindly optimistic to chase more!
The 1-hour structure clearly indicates that the highs have been moving down from 2790/2760/2748, while the lows of 2770/2734/2725 have been lost. This is a typical adjustment market pattern. There is no need to guess where the bottom is. Just keep an eye on whether the last high point has been lost.
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results.
Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
Gold Analysis==>>Falling ContinuesGold ( OANDA:XAUUSD ) has already started falling from the Resistance zone($2,751-$2,746) and the Resistance line ( in the 15-minute time frame ).
According to Elliott wave theory , Gold seems to have completed main wave 4 , which has a structure of the Double Three Correction(WXY) .
I expect Gold to fall to at least the Support zone($2,734-$2,731) , and if the Support zone breaks , we can confirm the end of main wave 4 , and most likely, Gold will fall to $2,721 .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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