XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Xauusdshort
Trade Plan- No. 1 (Technical + Fundamental)Several weeks ago I indicated that "Bear Market: 2024 United States presidential election, Nov 5, 2024"
What happened next?
Greed kills!
Gold-Trade Plan (No. (1))
Short-Term overview
Bias: Bearish
price: 2668 , 1 Ethereum = 1.18642 XAU (Nov 11, 2024)
Stop level: $ 2700
Target-1: $ 2595
Target-2: $ 2515
Fundamental:
Bearish!
XAUUSD: Today's Strategy—Buy LowFollowing yesterday's significant decline in gold prices, short-term indicators show a strong rebound potential. Today’s strategy is to buy at lower levels and wait for prices to rise above $2,640, at which point we can adjust the approach based on market movements. The detailed strategy was shared during yesterday’s session, so please refer to it if you need clarification. If you have any questions regarding trades, feel free to leave a comment, and I’ll be happy to assist.
Scalping XAU ! decreasing trend M15SCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Trump's win has raised questions about whether the US Federal Reserve might slow its pace of rate cuts, supporting the Greenback and pressuring USD-denominated Gold.
"The dollar and yield rally is weighing on gold, as rising real interest rates typically reduce demand for safe-haven assets," said Matthew Jones, precious metals analyst at London’s Solomon Global. "However, from a broader perspective, the outlook remains ‘as good as gold,’” he added.
⭐️Personal comments NOVA:
Trendline M15 - downtrend - break and retest sideway M15 XAU/USD
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2669 - $2671 SL $2674
TP1: $2664
TP2: $2658
TP3: $2650
⭐️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
Gold (xauusd): Potential Pullback After Downtrend Breakhello guys!
let's analyze GOLD!
Downtrend Break: The sharp decline suggests a bearish sentiment as gold fails to hold previous support levels around $2,693.
Retest Zone: There is a potential retest zone around $2,678 - $2,693. If the price retraces to this area and faces resistance, it could signal a continuation of the downtrend.
Next Support Target: If the bearish momentum continues, the price may reach a major support area around $2,610 - $2,630 (highlighted in grey), which aligns with a longer-term trendline support.
Continuation Scenarios:
Scenario 1: Price could retrace to the $2,678 - $2,693 area, face resistance, and continue downward toward the support zone.
Scenario 2: If the price breaks above $2,693, the bearish bias may temporarily weaken and move towards higher resistance levels.
XAUUSD: Eyeing a Short Position Above 2650With market volatility now reduced after today’s decline, a short-term rebound is likely tomorrow. If gold prices reach above 2650, it could offer an optimal shorting opportunity with a target range between 2580 -2560. While it may take some time to hit this target, there’s also the possibility of a quick move down to these levels. I view this as a solid setup for a long-term trading plan, with opportunities to add smaller swing trades in between. For those interested in participating, feel free to contact me for detailed trading insights and information.
How to layout gold under a sharp declineOn Monday, gold faced a severe downturn, plummeting by $60, setting a bearish tone for the week.
Fundamental Analysis: Following Trump's victory, the U.S. dollar strengthened as investors anticipated a shift from the Federal Reserve toward a less dovish stance. The market expects that Trump’s proposed economic policies will pave the way for high economic growth in the U.S., potentially complicating the Fed’s efforts to control inflation. This scenario may prompt the Fed to reassess its future policy easing path. All signs point to significant downward pressure on the gold market, suggesting that any rally could provide an opportunity to short.
Technical Analysis: On the hourly chart, gold prices appear to be stabilizing around the 2613 level, indicating that an initial oversold rebound may be imminent.
Current Gold Strategy: Consider long positions around 2613. If prices rebound to approximately 2625, this could serve as an entry point for short positions.
For those following this analysis, these insights should clarify the general trading direction for the week. For a detailed strategy, feel free to reach out. I will be sharing the complete weekly trading strategy with all VIP members.
XAUUSD: 1700+ Pips Sell, Gold is going to melt hard! OANDA:XAUUSD dropped after touching daily order block at $2710, price dropped to $2617 almost achieving 930+ pips. Expecting a minor correction of 300-400 pips taking price to 2650 area where we can enter another sell enter. A possible target of 1700+ pips target. Remember this is swing sell entry. Good luck.
XAUUSD: BUYThe price of gold has recently experienced a significant drop. Some traders may have hit their stop-loss levels, while others are still holding their positions. Typically, after such a rapid decline, the market tends to see a minor rebound, with the expected rebound range between 2643-2657. However, based on the current technical pattern, gold has formed a "head and shoulders" pattern, which often signals the potential for further downside. It is anticipated that the price of gold may drop to around 2600 in the near term.
XAUUSD: From $2720 To $2500 A Move of 2200+ Pips ! Comment DownOANDA:XAUUSD
Price dropped after creating a record high at 2790$, price dropped as mainly due to US Elections and aftermath of the election. We can see price to drop further after filling up the fair value gap within the market. Please do your own research before taking any decision. Good Luck.
XAU ! 11/11 ! XAU sideway , wait retest 2681XAU / USD trend forecast November 11, 2024! SCALPING
Gold prices saw their sharpest weekly drop in over five months as the US Dollar strengthened broadly and US Treasury yields surged after Donald Trump's presidential win. The "Trump trade" momentum keeps supporting the Greenback, adding pressure to gold prices for the second day on Monday, with equity markets maintaining a positive outlook.
Gold is still sideways around the price range of 2664 - 2675, waiting for a break and entering orders following the trend. Waiting for the retest range of 2681 to set up a SELL signal.
/// SELL XAU : zone 2681-2684 scalping
SL: 2687
TP: 40 - 80 - 150 pips (2669)
Safe and profitable trading
Gold: A Sudden Pivot and Decline… All Eyes on Powell and the FedGold’s Outlook Amidst Global Shifts: Anticipating the Federal Reserve’s Decision and Trump’s Return to Power
Gold (XAUUSD) currently exhibits a technical reversal setup, hinting at a potential downward trend in the medium to long term. The fundamental landscape is shifting to favor the U.S. dollar, subtly steering capital away from gold. This pivot is influencing price targets and investor sentiment, aligning more with an appreciation of the dollar than a rally in precious metals.
In a surprising twist in U.S. politics, Donald Trump has regained the presidency. What does this political shift mean for gold and other key markets? Historically, Trump’s policies have leaned toward deregulation and fiscal expansion, potentially fueling inflation. With an administration focused on rapid economic growth and bold policies, there’s a plausible scenario for rising inflation, increased demand for the dollar, a robust stock market, and strengthening U.S. bond yields. Yet, gold and currency markets might not see immediate benefits from this environment.
Trump’s known stance toward China and Europe, marked by economic confrontation and protectionist measures, could eventually provide a supportive backdrop for gold, although this may not manifest immediately. Investors may perceive gold as a safe haven in the face of prolonged U.S.-China tensions, but significant gains may only materialize over time—perhaps not until late next year or beyond.
So, what are the forward-looking targets for gold? Analysts are keeping an eye on potential pullbacks to levels like 2400, 2300, or even 2200. Should the selling pressure increase, a test of the 2000 mark isn’t out of the question. These medium to long-term projections underscore a cautious outlook, hinging heavily on both domestic policy under the new administration and ongoing global economic challenges.
At present, however, the immediate focus lies with the Federal Reserve. This Thursday’s rate decision is critical: Will the Fed cut by another 0.25% to continue economic support, or opt for stability and keep rates steady? Yet, the spotlight is less on the rate decision itself and more on Fed Chair Jerome Powell’s commentary. Any signals that the Fed may ease up on its current rate cut cycle could impact markets dramatically, especially those tied closely to interest rates like gold. Hints of a potential slowdown in easing could push investors away from the yellow metal as confidence in the dollar strengthens.
From a technical perspective, gold appears to be re-entering a price range, with attention drawn to significant internal levels, including the 0.5 Fibonacci retracement line—a crucial marker. Should gold breach this level, a resumption of the downtrend may be imminent. If sellers reclaim control below this level, a deeper pullback may follow.
Key Levels to Watch:
Resistance: 2670, 2685, 2696
Support: 2652 (trigger point), 2637, 2624
As a correction pattern emerges in the wake of recent declines, traders are monitoring for a potential false breakout. If gold experiences a brief push above these resistance points but subsequently consolidates below them, it could signal a continuation of the bearish trend.
In summary, gold's trajectory will be shaped by a unique combination of technical pressures and fundamental shifts. Trump’s return and its implications for inflation and foreign policy, combined with the Fed’s upcoming rate guidance, form a complex backdrop. Investors should brace for heightened volatility, as the evolving policy landscape and economic indicators will likely be pivotal in determining gold's next moves.
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones.
Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance.
Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio.
Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
XAUUSD: Holding Short Positions Over the WeekendAfter rising to around 2704, gold prices have retraced, and the resistance remains strong, causing the price to fluctuate near the support level. Market sentiment remains cautious, making it difficult to form a clear trend in the short term. If you prefer not to hold positions over the weekend, it's recommended to close your positions before the market closes.
If you choose to hold positions over the weekend, I would personally suggest considering holding short positions before the market closes. Given the current market weakness, gold prices may face further downward pressure.
For those with less favorable account conditions, it's advisable to set stop-loss orders (SL) to effectively manage risk. Unpredictable news or events over the weekend can cause unexpected volatility, and having a stop-loss in place will help prevent significant losses from sudden market movements.
XAUUSD: Monitor Support Levels at 2673-2667Gold has dropped significantly! Last week, I advised everyone to hold their short positions over the weekend, and now we’re seeing substantial profits. Congratulations to all who followed the strategy signals—you’ve just secured your first big win of the week!
Gold is experiencing rapid fluctuations, offering traders a prime opportunity to make strategic entries! Today, the key support lies between 2673-2667—if this support holds, a strong rebound is highly likely! Keep an eye on resistance at 2687-2692; breaking above this level could lead to further upside. However, if support fails, prices may retest the previous low around 2652. For those looking to capitalize on this wave, stay alert to these key levels
Gold continues downtrend - market stability✍️ NOVA hello everyone, Let's comment on gold price next week from 11/11 - 11/15/2024
🔥 World situation:
Gold prices fell on Friday as the US Dollar rebounded, despite a dip in Treasury yields. Traders adjusted their "Trump trade" positions, cautious about tariff uncertainties following Trump’s election win. XAU/USD is down 0.67%, trading at $2,688.
US equities continued to rise, brushing off previous election concerns that had boosted Gold. With political risks easing, the market focus now shifts to Trump's policy plans.
🔥 Identify:
The time when gold is sideways and adjusts down, stabilizing the price in 2024 to a safe zone. In the context that there will be many financial packages to stimulate the global economy in the near future, gold will become less attractive than other financial sectors.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2710, $2756
Support : $2666, $2645, 2606
🔥 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
- The winner is the one who sticks with the market the longest
XAU! 11/8! Create liquidity for the downtrendXAU / USD trend forecast November 8, 2024
Gold prices rose above $2,700 after the Federal Reserve cut interest rates and noted that US election impacts are unlikely to be immediate. Currently, XAU/USD is trading at $2,704, up over 1.7%.
Wall Street gained further as the Fed unanimously lowered the federal funds rate by 0.25%. In its statement, the Fed pointed to solid economic growth, though labor market conditions have weakened slightly. Officials also observed that inflation is closer to the Fed’s 2% target but remains somewhat elevated.
Long term framework - gold price is still in a downtrend. Market recovered thanks to FED continuing to cut 0.25% as expected. Short term recovery
/// SELL XAU : zone 2719-2722
SL: 2727
TP: 50 - 150 - 300 pips (2692)
/// BUY XAU : zone 2667-2664
SL: 2659
TP: 50 - 150 - 300 pips (2694)
Safe and profitable trading
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Gold sideway below 2700 - in DOWN trendSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Traders took profits on recent Trump trades, leading to a pullback in the US Dollar from a four-month high and giving a boost to Gold prices on Thursday. The USD continued to ease after the Federal Reserve cut its benchmark interest rate by 25 basis points, bringing it to a target range of 4.50%-4.75%.
⭐️Personal comments NOVA:
sideway in a bearish correction - waiting for the 2700 resistance zone to scalp SELL
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2700 - $2702 SL $2705
TP1: $2694
TP2: $2688
TP3: $2680
⭐️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
XAUUSD: Key Resistance 2712-2720Following the rate decision, gold saw a slight pullback as expected, then rebounded near support. Those following the long strategy have locked in profits. Looking ahead, the focus now shifts from support to resistance, specifically in the 2712-2720 range. If gold reaches or approaches this resistance zone, it may offer an opportunity for short trades. However, caution is advised; avoid excessive risk, and stay alert to signals of a potential trend shift in the broader timeframe.