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Xauusdshort

Gold trend! continued decrease ! sideway⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) continue to decline during Thursday's Asian session, following the previous day’s pullback from the $2,658 level. Strong US economic data released on Wednesday, along with limited progress in reducing inflation, suggest that the Federal Reserve (Fed) may approach further rate cuts cautiously. This outlook has driven a slight rebound in US Treasury yields and bolstered US Dollar demand, putting pressure on the non-yielding precious metal. However, markets are still largely expecting a 25 basis point (bps) rate cut by the Fed in December. Additionally, US President-elect's tariff threats have sparked concerns over a potential trade war that could harm global economic growth. Combined with ongoing geopolitical risks from the Russia-Ukraine conflict, these factors are helping Gold maintain support above the $2,600 level. ⭐️Personal comments NOVA: Selling pressure continues - target returns to 2605 area, bank holiday gold price mainly sideways and decreases slightly ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635.5 SL $2639 scalping TP1: $2625 TP2: $2612 TP3: $2605 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2605 - $2603 SL $2598 TP1: $2615 TP2: $2622 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
GOLD 1HR CHART BACK TESTING OR..Backtesting in the gold market is a critical process that leverages historical price data to assess the viability and performance of trading strategies over a defined time period. By simulating trades and market conditions from the past, traders gain insights into how their strategies would have performed under varying market scenarios, including periods of volatility and stability. This detailed analysis helps identify strengths, weaknesses, and potential risks within a strategy, allowing for adjustments and refinements before applying it in live trading. In the context of the gold market, where price movements can be influenced by global economic factors, geopolitical tensions, and currency fluctuations, robust backtesting serves as an essential tool for developing informed and resilient trading approaches...
OANDA:XAUUSDLong
by SadarExplore
Gold price analysis November 29Gold has formed an upward channel and is trading within that price range, 2679-2680 has become the destination and also the most important resistance zone today. Gold is facing some selling pressure at 2665, so the 2665 zone has become the immediate port zone that Gold will encounter when it wants to surpass 2680. The possibility of a sell-off at the end of the day is possible, so when the price channel is broken, that is, breaking the important zone of 2650, Gold will soon find 2605 and 2585 again. Wishing you a successful trading day
OANDA:XAUUSD
by TVS-Trader
Shorting gold is my best Thanksgiving gift to youBros, although gold has risen sharply to around 2646 in the short term, from the overall structure, the rebound strength of gold is still lacking, and it has never been able to break through the key level, resulting in limited room for gold to rise; and gold still faces the resistance area of ​​2650-2655 in the short term. So don't be scared by the sharp fluctuations in the short term. The rebound is an opportunity to short gold; in addition, once gold forms a falling relay platform, gold is likely to continue to fall and try to reach 2600, or even 2580. Bros, this is my Thanksgiving gift to you! Be brave to short gold! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Consolidation for gold and then down to supportSo looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week sometime. Thanks for reading, let me know your thoughts.
FOREXCOM:XAUUSDShort
by T-800_CyberdyneSys_Model-101
Gold's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range. However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547. Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
OANDA:XAUUSD
by TradingGuide_Dean
XAUUSD Buy Gold price (XAU/USD) drifts lower during the Asian session on Thursday, albeit finds some support near the $2,620 area and has now trimmed a part of its intraday losses. Wednesday's US macro data dump pointed to a still resilient US economy and stalled progress on inflation, suggesting that the Federal Reserve (Fed) might be cautious about further rate cuts. This, in turn, triggers a fresh leg up in the US Treasury bond yields, which helps revive the US Dollar (USD) demand and undermines the non-yielding yellow metal. Meanwhile, the current market pricing indicates around 70% probability that the US central bank will lower borrowing costs at the December policy meeting. Moreover, expectations that Scott Bessent – US President-elect Donald Trump's US Treasury Secretary nominee – will restrain budget deficits might cap the upside for the US bond yields. This, along with concerns about Trump's threatened tariffs and geopolitical risks stemming from the worsening Russia-Ukraine conflict, offers some support to the safe-haven Gold price.
OANDA:XAUUSDShort
by KingForex078
GOLD - Bearish Trend with Key Resistance at 2661Gold Technical Analysis The price declined yesterday, as anticipated, and then reversed, currently attempting to reach the resistance level at 2661 before potentially turning bearish again if it stabilizes below this level. The price continues to show bearish volume, with targets at 2625 and 2612, as long as it trades below 2661. However, it may first test 2661 if it stabilizes above 2644. The general trend remains downward. For a bullish trend to emerge, the price must stabilize above 2661, confirmed by a 4-hour candle close, to target 2678. Key Levels: Pivot Point: 2644 Support Levels: 2625, 2612, 2585 Resistance Levels: 2661, 2678, 2693
OANDA:XAUUSDShort
by SroshMayi
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook: In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits. With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance. Today's Trading Strategy: Sell Zone: Short positions near 2640 and above. Buy Zone: Long positions near 2620 or lower. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
OANDA:XAUUSD
by Falcon-Training-Camp
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases. That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
OANDA:XAUUSD
by XU99
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound. However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
OANDA:XAUUSDShort
by TradingGuide_Dean
XAU ! Scalping , trade under 2700 ! The bears will prevailSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold. Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation. ⭐️Personal comments NOVA: Gold price is recovering. If it breaks through 2662, the buying force will still be strong and will wait for a stronger resistance area at 2688. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2688 - $2690 SL $2693 TP1: $2680 TP2: $2670 TP3: $2660 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
Sorry, I've already started shorting goldBros, gold rose to the 2650-2660 area as expected, and we made a very good profit on the long position we held since yesterday. At present, gold has reached a high of around 2654. Then it is obvious that since gold fell from 2721 to 2604, its 50% split line is exactly in the 2660-2665 area; and in the short term, since gold fell from 2688 to 2604, its 61.8% split line is exactly in the 2655-2660 area. So gold faces resistance in the 2655-2665 area in the short term. If the current rebound of gold is just a correction to the downward trend, then gold may still fall again when facing this resistance area. So I have reminded everyone that you can short gold near 2653, bros, wish us good luck! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.
OANDA:XAUUSDLong
by TradingGuide_Dean
Will gold continue to rise? For now, can gold continue to rally next week? Will there be a new rise? The answer is, of course! Remember, continuity is the key to an uptrend anyway, and look at crude oil to see what rhythm is. Fundamentals from the overall pattern, risk aversion has not subsided, gold is still in an upward pattern. The current plate technical point of view, last week's weekly line big Yin and this week's weekly line big Yang echo, rise and fall are also 150 dollars range, the only difference lies in a negative line, a positive line. This week's pull up broke the weekly four consecutive Yin closed a big Yang column, the solid effectively stabilized the upward channel, and closed above the short-term weekly average, the intensive support on the cycle average line is more prominent, the cycle index also maintained upward, weekly long strong; Therefore, weekly deep V reversal, superpose daily 5 even Yang, a little bit in the long run must be to test the previous high 2785-2790, this position may directly break through, may also be regress after the adjustment to break through. Either way, the direction is up, so the trading mind only needs to be long, and a pullback is an opportunity to be long. This is also evidenced by our continued bullish thinking this week. Detailed trading strategies will be updated later, so join me in the discussion
TVC:GOLDLong
by Boooooob
1
XAUUSD SELL setup Gold price climbs above $2,650 on trade war concerns, sliding US bond yields and softer USD Gold price sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day. Hotter-than-expected US inflation data could raise further doubts about the Fed’s rate cut trajectory, reinforcing selling pressure around the Gold price. The 21-day SMA crossed the 50-day SMA from above on a daily closing basis on Tuesday, confirming a Bear Cross. Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) remains below the 50 level, currently near 47. Therefore, any upside attempts in Gold price could likely be sold into unless buyers find acceptance above the 21-day SMA and 50-day SMA crossover near $2,660. The next topside barriers are at the $2,700 level and Monday’s high of $2,721. Alternatively, the immediate support is at the previous day’s low of $2,605, below which a drop toward the 100-day SMA at $2,569 remains in the offing.A ceasefire between Israel and Lebanon helped reduce the haven demand for the Greenback, exerting additional downward pressure even though the Minutes of the US Federal Reserve (Fed )November meeting showed that officials were divided on further rate cuts. Reuters reported, “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.”
OANDA:XAUUSDShort
by KingForex078