Gold Market Analysis 12/04Yesterday, gold tested the 2635 support multiple times without breaking below it. At one point, prices rose above 2650, which aligns with our expectations. During this consolidation, long positions were quite profitable.
Current Market Outlook:
The consolidation range is gradually narrowing, and today we are likely to see a breakout in one direction.
If prices break upward, the previous high around 2666 will act as a new resistance.
If prices break downward, gold could return to around 2625.
2628 remains an important support level to watch.
Key Factors to Monitor:
Technical Levels:
Support at 2635, 2628, and 2625.
Resistance at 2666.
Geopolitical Considerations:
Keep an eye on the situation in Syria. While the current geopolitical developments have not shown significant positive news for gold bulls, unexpected events could still have an impact on the market.
Risk management is crucial, especially with potential geopolitical volatility.
Risk Management:
Ensure appropriate stop-loss orders are in place, especially given the uncertainty in the geopolitical landscape.
Conclusion:
Gold is currently in a consolidation phase, and a breakout in either direction is imminent. Stay vigilant and adjust your strategy based on market developments and technical signals. Let me know if you have any questions or need further assistance!
Xauusdtrade
Next, how to grasp gold trading and make money!Bros, today I shorted gold near 2650 according to the trading plan. Although gold once rose to around 2655 during the period, as gold fell sharply to around 2635 in the short term, it was obvious that our short position was closed by hitting TP: 2637. In this short transaction, I made a profit of more than $6K, which is a good trading result.
From the current gold structure, gold closed above 2630 many times during the decline. It can be clearly seen that a certain amount of buying support has accumulated in the 2635-2630 area; but in the absence of rebound strength, if gold cannot effectively break through the 2655-2665 area, gold is still in a relatively weak position.
Therefore, in terms of short-term trading, if gold cannot break through the 2655-2665 area, we can still continue to short gold based on this resistance area; but what we must be careful about when executing transactions is that once gold strongly breaks through the 2655-2665 resistance area, Gold may also continue to rebound to the 2670-2680 area.
Bros, do you know how to correctly grasp the rhythm of gold trading? 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!
Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold.
Bros, are you as bearish on gold as I am? 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!
XAU/USD 03 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
XAUUSD Potentially BearishOANDA:XAUUSD topped out at almost 2800 and there after we have seen some consistent lower lows and lower highs. If price continues to hold around the 2650 area with some significant rejections, we just might see price creating a new lower high and potentially targeting the 2542 key zone area. Although we might see price dropping lower than that, I will rather lock in some profits when price comes to that zone
Always do your analysis before taking any trade. Past results does not guarantee future results
Israel's Shift to Syria and Its Impact on Gold PricesOver the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage.
Many of you may not understand the connection between these events, but here’s a simplified explanation: Ukraine and Israel are in the same camp. While Ukraine has been facing difficulties in the Russia-Ukraine war, Russia holds over 80 strategic points in Syria. If Russia loses these, it would be a significant blow. So, Israel, as an ally of Ukraine, attacked Syria, hoping to help Ukraine gain an upper hand before a ceasefire, thus securing more significant benefits. However, up to now, things have not gone as smoothly as expected. Russia deployed troops to Syria, and in the process of attacking, they destroyed a command center of the four-nation alliance. Reports suggest that the leader of the Shams Liberation Organization may have been killed in the strike.
Due to the stalemate in the war, gold's price movement has been unclear. In this situation, the focus should be on the developments in Syria. If Israel gains the upper hand, the probability of gold rising increases significantly.
From a technical standpoint, the bulls currently have a slight advantage. Key support is at around 2635. As long as this support holds, the bullish momentum is likely to continue, and we may see a rapid rally at any time.
Hold on to short gold positionsBros, as I said in my last opinion, we can short gold with the 2645-2650 resistance area. I have already shorted gold at 2645 and 2651 as planned.
Although gold has not fallen effectively so far, it still remains above 2640. But we can see that gold has not effectively broken through 2650 in many rebounds, so I think that after consuming a certain amount of long energy, gold will fall again.
So I am still very confident in my short position. Bros, have you followed me to short gold? 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!
Short gold after reboundBros, the lowest retracement of gold during the day was around 2622, and then rebounded and is now running around 2634. Since gold has chosen to break through downwards and is particularly weak during the rebound, we still give priority to shorting gold in the short term. The top focus is mainly on the resistance in the 2640-2650 area. The main focus on the 2640-2650 area resistance. In terms of short-term trading, we can short gold based on this resistance area.
Scenario on XAUUSDOn the chart we have a level marked around which the price has been hovering all the time. This level is located around the price of 2660-2640. A correction is forming which is still not complete for me. If it cannot break through this resistance at this moment, it is quite likely that the price may correct somewhere towards the level of 2500 or even a lower price. For me, this market is still undecided and for now I am staying out of the position. If what I described happens, I will take a short.
Long gold after a pullbackBros, because the geopolitical situation is tense again, the market risk aversion is high, and gold has broken through the recent short-term resistance and reached near 2667. Since gold has made a breakthrough and chosen a direction, we must follow the trend and go long on gold, and we cannot blindly short gold.
The market risk aversion stimulates buying, so after gold breaks upward, the gold retracement space may not be too large, so we maintain the continuity of the trend in trading. If gold falls back to the continued rising position area, then we can start to try to go long on gold, that is, the current continued rising support area is 2655-2645 area.
Then in this range, we can start to try to go long on gold.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!
Continue to hold long gold positionsBros, as I said in my last article, since gold has chosen to break upward after the shock, there will not be much retracement in a short period of time. Although gold has encountered resistance and fallen back near the 2665 position many times in the short term, as long as it does not fall below the 2660-2655 area during the decline, then gold must have room to rise.
For this round of gold rise, I think gold is likely to try to touch the 2680 area. So we can hold the long positions we currently hold with confidence and wait for the profit to expand!
Bros, are you following me to go long on gold? 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!
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!
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.
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XAU/USD 28 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
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!
Hold on to the short position and don't give up!Bros, gold once rose to around 2658. Seeing the sharp rise in gold in the short term, have you given up your short position?
I still insist on holding short orders near 2653. Although gold rose sharply to near 2658 in a short period of time, it did not break through the 50% dividing line in the 2660-2665 area; and the daily level resistance is also located near 2660. and the daily level resistance is also located near 2660. So I have reason to believe that after gold fails to effectively break through the 2660-2665 area, it will usher in a wave of retracement in the short term, and the retracement target is 2640-2635 area.
Therefore, I still continue to hold a short position in gold and look forward to a good result and continue our winning streak!
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!
XAUUSD OUTLOOK H4 XAU/USD (Gold) with key features highlighted. Here's a breakdown of the analysis:
1. Order Block and FVG:
The upper blue zone represents an Order Block, an area of institutional interest where selling pressure may emerge.
The Fair Value Gap (FVG) is also marked, indicating a potential imbalance that the price might fill before continuing its movement.
2. Supply Zone:
The mid-level blue zone indicates a Supply Zone, where selling pressure is likely to push the price downward if tested.
3. CHoCH (Change of Character):
The dotted line labeled CHoCH signifies a structural shift from bullish to bearish momentum, marking the beginning of a downtrend.
4. Break of Structure (BOS):
BOS levels are identified, confirming bearish continuation with successive lower lows.
5. Future Projections:
If the price breaks through the resistance in the Supply Zone, it could potentially test the higher Order Block before a reversal.
Alternatively, failure to break resistance may result in a continuation of the bearish trend.
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Still sticking to long goldBros, as I said in the last article, gold still failed to fall below the 2605-2600 area, and even failed to fall below 2610, even in the process of falling, and the falling low point is gradually shifting upward, and there is still a certain buying support below. Now gold is still a bargain, so in terms of trading, I still advocate long gold.
And I have already longed gold near 2626 and 2618 according to my plan, and now I expect gold to rebound to around 2640. Of course, I still haven't given up my target of 2650-2660.
Bros, are you long 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!
Gold may continue to rebound to the 2650-2660 areaBros, after testing the support of the 2605-2600 area, gold rebounded again. The current highest has rebounded to around 2633. Will gold continue to rise?
In fact, gold fell from around 2721 yesterday and has now reached a low of around 2605. Although the decline has exceeded $116, it has not effectively destroyed the long structure, so gold still has the possibility of continuing to rebound upward. Judging from the current structure, the short trend of gold has not ended, but before continuing the short trend, gold may still rebound to the 2640-2650 area, or even the 2655-2665 area in the short-term structure, and then continue the short trend.
Therefore, if gold retests to the 2620-2610 area, we can consider going long on gold again. Bros, 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!
XAU/USD 26 November 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as yesterday's analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Gold falls sharply, is there a turnaround for bulls?Bros, today gold has fallen since around 2721, and currently has dropped to the lowest level around 2616, with a drop of more than $105. During the decline of gold, the bulls have no ability to resist. So, is there no hope for the bulls' energy?
In fact, gold bulls have not completely given up at present, and the bulls' energy is still organized and resistant in the 2610-2600 area. So the bulls still have the strength to fight back. If gold fails to fall below the 2610-2600 area in the first time, then gold may still rebound to around 2635-2640.
Therefore, after a sharp decline, near the short-term support area, we should not be too bearish on gold. On the contrary, if gold falls back to the 2610-2600 area and does not fall below, we can consider starting to go long on gold.
Bros, 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!