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XAU! 11/11! sideway beginning of the week, below $2700XAU / USD trend forecast November 11, 2024 Gold prices (XAU/USD) extend last week's significant losses, staying under selling pressure for a second consecutive day on Monday due to continued strength in the US Dollar (USD). Optimism about Donald Trump's proposed expansionary policies supports the USD near its four-month high from last week, which in turn weighs on gold prices. Gold price sideways at the beginning of the week, price range 2660 - 2690 , in a downtrend, buyers try to keep the price against selling pressure from the market /// BUY XAU : zone 2656-2653 SL: 2648 TP: 50 - 150 - 200 pips (2673) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
2
The gold market experienced sell-offs.Experts believe that the market's adjustment phase is a "temporary" reaction to Donald Trump's re-election as US President and maintains his opinion in favor of increasing gold prices in the near future. During the question and answer session this morning, Governor of the State Bank Nguyen Thi Hong shared that "gold is also a headache for the world". She informed that before the State Bank intervened, the international price per ounce was about 2,300-2,400 USD, but has now increased to around 2,700 USD. Compared to the beginning of the year, precious metals have increased by more than 50%. The USD skyrocketed after this event, and the gold market experienced sell-offs. Bond yields rose as investors worried that the tariffs and tax cuts that Mr. Trump promised before his election could cause inflation to rise again. Morrison said, USD and interest rates increased. Gold prices fell sharply and found a bottom, then increased slightly in the last session of the week, gold was under strong selling pressure. Gold prices hold support from 2,635 to 2,675 USD/ounce. This is the resistance level of gold prices in the last week of September and early October.
TVC:GOLDLong
by FalCol_TradingMaster
XAU/USD Longs from 2,66.000 back up?My analysis this week suggests that gold may accumulate around my point of interest at 2,660.00, where a 9-hour demand zone has formed. With liquidity and imbalance left to the upside, price might look to continue in its pro-trend direction. Alternate Scenario: If price reaches the area around 2,740.00, we might see a retracement or bearish reaction. Given recent bearish pressure that’s led to a CHoCH and BOS, this scenario could align with the current order flow. Confluences for GOLD Buys: - A clean, unmitigated demand zone below. - DXY has shown strong upside movement and may be due for a pullback. - Significant liquidity lies to the upside. - The overall market trend remains bullish. P.S. If price respects the 9-hour supply zone and continues breaking structure to the downside, it could validate a temporary bearish move. Have a great trading week!
OANDA:XAUUSDLong
by Hassan_fx
Why Gold Could See a 15% Correction Before the Next RallyGold, sitting at around $2,700, boasts an impressive 32.1% YTD performance. However, we're anticipating a significant 10-15% correction from current levels. This past week's market dynamics are telling: the Russell 2000 surged 8.57%, $500B flowed into crypto markets signaling renewed risk appetite, while gold recorded its steepest weekly drop (-1.98%) since May 2024. While these factors shape our near-term bearish outlook, persistent economic risks reinforce our long-term bullish stance on gold for the next couple of years.
COMEX:GC1!Short
by Flow-Trade
Gold Expected to Rise, Target at 2733A great weekend has come to an end, and last week brought us substantial profits. This week, let’s aim for another strong start! Gold trading opens in just half an hour. On Friday, the price of gold showed limited movement, slightly different from our expectations, but this is not a concern—the rally is still on track! As of Friday’s close, gold prices hovered around the MA5 level without fully breaking through, suggesting some resistance. However, a broader time frame shows that the overall rebound isn’t over yet. Friday’s movement was merely an initial attempt to test the MA30 resistance, with the major resistance level expected at the MA60. With this in mind, my strategy this week is to buy gold below 2680. The first target range is 2685-2696, the second target 2706-2712, and the final target 2721-2733. Here’s to another profitable week ahead!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Potential outside week and bullish potential for RMSEntry conditions: (i) higher share price for ASX:RMS above the level of the potential outside week noted on 30th August (adjusted with the incidence of the inside week the following week, allowing activation of the trade above the level of the range for that week, i.e.: above the level of $2.20, as depicted by the blue dotted line and accompanying text on the chart). Stop loss for the trade would be: (i) below the swing low of 27th August (i.e.: below $2.02), should the trade activate.
ASX:RMSLong
by Ivory_Wolf
Gold Rise to Resistance Zone: Elliott Wave!!!Gold ( OANDA:XAUUSD ) started to correct as I ✅ expected in previous posts ✅. Did you profit from this move!? Gold started to rise well from the Support zone($2,645-$2,625) and 50_SMA(Daily) . Gold is moving near the Resistance zone($2,720-$2,700) and the lower line of the ascending channel (broken) . According to the Elliott wave theory , it seems that Gold has succeeded in completing microwave 3 . We should wait for the completion of microwave 4 , and then probably microwave 5 will end in the Resistance zone($2,720-$2,700) and Monthly Pivot Point . ⚠️Note: We should expect more pumps if Gold goes above the Resistance zone($2,720-$2,700).⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
9
World gold price recovers despite high USDWorld gold prices recover despite the high USD. Recorded at 9:50 a.m. on November 8, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 104.430 points (up 0.19%). According to Kitco, central banks cutting interest rates, a wave of buying, and recently released US economic data... are supporting the recovery of gold prices. On Thursday, the US Federal Reserve (FED) continued to cut interest rates. This was a move that many people had predicted and long expected. The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points, in line with expectations. Interest rates are currently trading in a range of 4.5% to 4.75%. The FED did not provide much guidance on the future path of monetary policy. They noted that the economy continued to grow at a solid pace. Not only the FED, the Bank of England (BoE) has also just decided to cut interest rates further. In a long-awaited move, the BoE cut the bank rate to 4.75% on Thursday. In addition, gold prices rebounded sharply after the release of US labor market data. Mr. Ernest Hoffman - market analyst at Kitco News - said that the US Department of Labor announced on Thursday that initial jobless claims increased to 221,000 in the week ended November 2. This figure was completely in line with expectations, as the general estimate forecast the number of claims was 221,000. 🔥 GOLD BUY 2683 - 2681🔥 ✅TP1: 2690 ✅TP2: 2700 ✅TP3: OPEN 🚫SL: 2675
TVC:GOLDLong
by FalCol_TradingMaster
XAU/USD – Is the Uptrend Ready for the Next Move?Gold is approaching a major support level within its rising channel! 📊 Could this be the next higher low (HL) in the uptrend? If bulls step in here, we might see a push back toward the channel highs! 🚀 🔹 Key Support Levels: $2,655 is the immediate support, while $2,580 serves as a critical backstop below. 🔹 Potential Setup: Long on bullish confirmation around these supports. 🔹 My Thought: I believe Gold could be forming another HL here, potentially setting up for another push higher before any major correction. Historically Gold has shown bullish momentum leading up to U.S. elections, rallying once before turning bearish afterward. What are your thoughts? Are you bullish or bearish on gold? 💬 Drop your comments below and let’s discuss! 👇
OANDA:XAUUSDLong
by kashifone1
XAUUSD 2.695.08 -0.44% INTRADAY MULTI-TF SETUPHELLO TRADERS Hope everyone is doing great 📌 A look at GOLD At the close of ASIA INTO THE LONDON, TO NY PM SESSION - As we draw to the close of the week, looking for GOLD to close bullish. * on the 4H looking for a bearish open with the close of ASIAN SESSION. * PO3 * Push LOWER before going for HIGHER structures LQ pull. 1 HOUR TF * Looking for the mitigation of the bullish OB+. * FVG below has already been mitigated. * if this structure holds, looking for long entries to close the week. * BASED on the price action served next session... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
OANDA:XAUUSDLong
by PULEMokhothu
4
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%. • Chart Analysis: • A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown. • There are red and green candlesticks representing the price movement in each hour. • The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
OANDA:XAUUSDLong
by Khalifapatrick
Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730. Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
1
How I Rode the Gold Trend Using Multi-Timeframe AnalysisHey Traders! 📈 I want to share an analysis of a recent opportunity on Gold that came up, focusing on using multi-timeframe analysis to spot a reaccumulation pattern. Market Context: On the daily timeframe, Gold was showing a retracement. By zooming into the 1H timeframe, I identified what seemed like a reaccumulation (REACC) model—giving a potential entry point to go long in this trending market. The Entry Setup: On the 1H TF, after a retrace, the price continued the uptrend with strong structure, confirming a breakout. I entered long, aligning with the market trend and using a trailing stop to manage the position and capture potential further upside. Floating PnL: Right now, the trade is floating around 12RR and still trailing! This is a great example of how multi-timeframe analysis can help uncover high-probability setups. This educational breakdown is meant to help others see the power of combining market structure and risk management to stay in profitable trades. Hope this helps you spot similar setups in the future! 🚀 Leave a comment if you surfed with this trend too!
FOREXCOM:XAUUSDLong
by TraderOuss_LumaNex
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
FXOPEN:XAUUSDLong
by David_strategy
1
Gold is in the bullish direction after correcting the supportHello 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
EIGHTCAP:XAUUSDLong
by ForexMasters2000
2