GOLD BUY | Idea Trading AnalysisGOLD is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Xauusdlong
Gold Trading Strategy 11/21Based on the recent gold market movements, the following analysis and strategy are proposed:
Market Overview:
Previous Decline: Gold prices have declined from around 2670, causing long positions entered near 2700 to be trapped.
Current Situation: As prices rebound to approximately 2650, some traders are closing positions to realize profits, leading to sustained fluctuations at this level.
Remaining Positions: High-level positions remain trapped, requiring prices to rise to around 2670 for breakeven.
Strategic Insights:
Resistance at 2670: Upon reaching 2670, there is an 80% probability of price decline or consolidation, with only a 20% chance of further increase.
Optimal Shorting Zone: The 2663-2673 range presents a favorable opportunity for short positions, offering potential high returns with manageable risk.
Trading Strategy:
Initial Positioning at 2652:
Minimal Short Position: Enter a small short position to test market response.
Minimal Long Position: Alternatively, enter a small long position to capitalize on potential upward movement.
Adjustments Based on Price Movements:
If Price Rises Above 2660:
Close long positions.
Add to short positions.
If Price Falls Below 2640:
Close short positions.
Add to long positions.
Risk Management:
Stop-Loss Orders: Implement appropriate stop-loss levels to mitigate potential losses.
Position Sizing: Ensure position sizes align with individual risk tolerance and account size.
Gold’s profit this week has been 280%After hitting a two-month low, gold rebounded in the short term, mainly because US President Biden announced that Ukraine could use long-range missiles provided by the United States to carry out deep strikes into Russian territory. Russia said it would respond to this reckless decision, which would directly involve the United States in the conflict. This has increased the uncertainty of the major geopolitical event of the Russia-Ukraine conflict and boosted gold's safe-haven demand. Safe-haven buying has driven gold prices higher.
Driven by yesterday's positive line that broke through the 5-day line, the gold market sentiment today is obviously bullish. During the Asian session, it rebounded and tested the pressure at 2627, without breaking the expected 60-day line pressure. On the hourly chart, this also completed the short-term three-wave rebound action. However, during the European session, gold suddenly rose again, testing the pressure at 2636. Such a trend is a 4-wave small rebound rhythm on the hourly chart. This state is acceptable, but it also reflects that there is an extreme sentiment in the current market.
The United States continues to stir up tensions in the conflict between Russia and Ukraine, and the market's risk aversion sentiment has heated up. Safe-haven buying has pushed gold prices up. In terms of operations, it is recommended to treat it with a volatile mindset. Affected by the cooling of the Fed's interest rate cut expectations, it is difficult to determine that the current rebound is a reversal unless the tension further intensifies. The support for gold below is $2,620, followed by $2,610, and the pressure above is $2,650, followed by $2,660. Overall, today's short-term gold operation strategy is recommended to focus on callbacks and high shorts. The upper short-term focus is on the 2650-2660 line of resistance, and the lower short-term focus is on the 2620-2615 line of support.
Gold Trading StrategiesGold continues to fluctuate around 2648. If you want to take a break, just close the order and take a break. Today is profitable overall. There is no need to stay up late and hurt your body because of a $2 fluctuation. I will share signals with you again during tomorrow's trading. Making a stable profit every day will accumulate over time, which is not bad.
Gold Market Analysis and Strategy
Based on the current market trends, there is a strong likelihood that gold prices will continue to rise beyond the 2650 level. At this point, a shorting opportunity may emerge, as there appears to be a potential downside of approximately $28, targeting a price around 2622.
Key Considerations:
Upward Momentum: Gold’s recent movements indicate strong bullish momentum, likely driven by market sentiment and technical factors.
Resistance at 2650: The 2650 level serves as a significant resistance zone where the upward trend may stall.
Shorting Opportunity: After reaching this resistance, there could be a reversal, offering a window for shorting with a measurable target.
Trading Plan:
Entry Point: Monitor gold prices closely as they approach 2650. Prepare to open short positions once signs of reversal appear, such as bearish candlestick patterns or a decline in momentum indicators.
Target: Set the target at 2622, capturing the $28 potential downward movement.
Risk Management: Use a stop-loss above 2660 to minimize potential losses in case of unexpected bullish breakouts.
Gold Market Analysis and Strategy
Gold prices continue to fluctuate around the 2640 level. The initial short position has already reached the target of 2622. Currently, prices are rising again, and it is expected that the previous high of 2641 will be broken.
Trading Strategy:
Long Opportunity:
Close around 2645
Short Opportunity:
Alternatively, wait for the price to rise into the 2646-2655 range, which is anticipated to serve as a resistance zone, before opening short positions (selling).
Expected Target:
For the short position, a potential downside of approximately $19 is anticipated, targeting a drop back to the 2627-2636 range.
Gold Market Update and Strategy InsightsToday, gold prices rebounded sharply from the lows, driven by heightened safe-haven demand following news of North Korea’s potential involvement in the Ukraine conflict. Prices surged from 2622 to 2650, aligning with my recent emphasis on prioritizing long positions in gold. Those who followed this approach should have seen significant gains in their accounts!
Market Outlook and Strategy Suggestions
A technical pullback is likely in the near term, with 2640 identified as a key support level. If the price dips to this level, it is expected to trigger the next upward trend.
Trading Plan for Today:
Enter light short positions near 2650, targeting 2640;
Increase long positions around 2640, aiming to ride the next bullish wave;
Risk Management: Place stop-loss for shorts above 2660 and for longs below 2635.
Risk Advisory and VIP Support
While VIP users have reported strong profits this week, some traders may have experienced losses or trapped positions due to deviation from recommended strategies. If this applies to you, I am here to assist with tailored solutions.
For those considering joining VIP but hesitant, I am offering a free trial session to showcase my strategic approach. Reach out if interested!
Reminder: The gold market remains highly volatile. Always manage your positions wisely, avoid over-leveraging, and trade with discipline to secure sustainable profits.
Helpful gold analysis for youGold fundamentals, November 20
🔹On Wednesday (November 20) in early European trading, gold prices hit 2618 and then stabilized and rebounded. The recent decline in gold prices after a sharp rise is mainly due to some investors choosing to take profits. However, the geopolitical situation surrounding Russia and Ukraine remains a focus of attention, which provides support for gold as a traditional safe-haven asset.
🔹At the same time, rising U.S. Treasury yields and a stronger dollar have suppressed gold prices. The market is currently paying close attention to the speeches of Fed officials for clues on the future direction of monetary policy, which may have an important impact on the trend of gold in the coming days. However, if the geopolitical situation becomes tense again, especially if the conflict between Russia and Ukraine escalates further, it may drive gold prices to rise sharply again.
🔹The recent strength of the U.S. dollar is mainly due to the market's optimistic expectations for President-elect Trump's economic policies, including potential tax cuts and tariffs, which the market expects may push up inflation. At the same time, U.S. Treasury yields continued to rise, with the 10-year Treasury yield reaching 4.8%, reflecting the market's increased expectations for strong economic growth.
🔹The Chicago Mercantile Exchange Group (CME) "FedWatch" tool shows that the probability of the Federal Reserve cutting interest rates by 25 basis points in the December meeting has dropped to below 60%, indicating that market expectations for further monetary easing are weakening. The strong performance of the US dollar and bond yields still puts gold under certain pressure in the short term.
🔹Currently, gold prices are affected by multiple factors: on the one hand, geopolitical risks provide support for gold; on the other hand, the strengthening of the US dollar and the rise in US bond yields put pressure on gold prices. The future trend will depend on the remarks of Federal Reserve officials and the development of the situation in Russia and Ukraine. Investors need to pay close attention to relevant developments.
GOLD:A long trading strategy
These two days of gold bulls are very strong, the daily line for two consecutive trading days crazy pull, has topped the daily pressure around 2642, in terms of its power 2642 is difficult to keep, yesterday stepped back today pulled up again, this wave of rise is caused by the escalation of the situation in Russia and Ukraine, today we first find more single opportunities
2642 This yesterday short thinking in line with expectations, there is little room for decline. Today's thinking to do more, at present, bullish strong support has been in step by step, long has worn the daily line 5 and 10 line, long trend is beyond doubt, but the weekly trend of short or in, we pay attention to it this wave of height can change the weekly short trend.
The shape of K has been V-shaped, there are many opportunities for backstepping, and the 4-hour moving average is also pierced, the previous backstepping low 2620 is today's strong support, small support is already around 2630-32.
Support around 2620 and 2630 can be long in batches, target 2642, disk strength division line 2632.
World tension! Gold price momentum increases⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold recorded consecutive gains on Tuesday, rising by 0.70% as escalating tensions in the Russia-Ukraine conflict fueled risk aversion. Investors turned to the safe-haven metal, pushing its price above $2,600 after hitting a two-month low of $2,536.
At the time of writing, XAU/USD is trading at $2,629. The metal's rise was supported by declining US Treasury yields and a weaker US Dollar amidst a light economic calendar. Geopolitical risks also played a major role, with Russia’s intensified attacks on Ukraine and US President Joe Biden’s authorization of long-range missile use within Russia further boosting demand for Gold.
⭐️Personal comments NOVA:
Gold prices recovered at the end of November 2024 thanks to tensions in the world, Russia - Ukraine; Korean peninsula. Recovery continues
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2672 - $2674 SL $2679
TP1: $2665
TP2: $2650
TP3: $2640
🔥BUY GOLD zone: $2612 - $2610 SL $2607 scalping
TP1: $2618
TP2: $2625
TP3: $2640
🔥BUY GOLD zone: $2576 - $2578 SL $2571
TP1: $2588
TP2: $2600
TP3: $2610
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Is Investing in Gold a Smart Move for the Future?A Precious Metal's Persistent Appeal
Gold, the timeless symbol of wealth and security, is poised for further gains. It is predicted that the precious metal could surge to $2,900 an ounce by the end of 2025.
Why Gold is Glimmering
Several factors are driving this bullish sentiment for gold:
1. Central Bank Demand:
o Central banks worldwide have been actively increasing their gold reserves. This strategic move aims to diversify their portfolios and hedge against economic uncertainties.
o As geopolitical tensions escalate and inflationary pressures persist, central banks are turning to gold as a safe-haven asset.
2. Inflationary Concerns:
o Persistent inflationary pressures are eroding the purchasing power of fiat currencies. Gold, historically, has proven to be an effective hedge against inflation.
o As central banks continue to grapple with inflation, investors may seek refuge in gold to protect their wealth.
3. Geopolitical Risks:
o Geopolitical tensions, including the ongoing Russia-Ukraine conflict, have heightened uncertainty and fueled demand for safe-haven assets.
o Gold, with its long-standing reputation as a safe-haven asset, is likely to benefit from such geopolitical risks.
4. Declining Real Interest Rates:
o Negative or low real interest rates reduce the opportunity cost of holding non-yielding assets like gold.
o In such an environment, gold can become an attractive investment option.
5. Diversification Benefits:
o Gold can serve as a valuable diversification tool within investment portfolios.
o By adding gold to a portfolio, investors can reduce overall portfolio volatility and enhance risk-adjusted returns.
A Word of Caution
While the outlook for gold appears promising, it's essential to consider potential downside risks:
1. Rising Interest Rates:
o Higher interest rates can increase the opportunity cost of holding non-yielding assets like gold.
o If central banks aggressively tighten monetary policy to combat inflation, it could negatively impact gold prices.
2. Economic Recovery:
o A strong global economic recovery could reduce demand for safe-haven assets like gold.
o As investors become more optimistic about the future, they may shift their focus to riskier assets.
3. Market Sentiment:
o Market sentiment can significantly influence gold prices.
o Negative market sentiment, driven by factors such as economic uncertainty or geopolitical tensions, can support gold prices. Conversely, positive sentiment can lead to a decline in gold demand.
A Strategic Investment
Despite these potential risks, gold remains a compelling investment option for long-term investors. Its ability to preserve wealth, hedge against inflation, and diversify portfolios makes it a valuable addition to any investment strategy.
Investors considering investing in gold can do so through various channels:
• Physical Gold: Purchasing physical gold bars or coins is a traditional way to invest in the precious metal.
• Gold ETFs: Gold exchange-traded funds (ETFs) offer a convenient and cost-effective way to invest in gold.
• Gold Mining Stocks: Investing in shares of gold mining companies provides exposure to the gold market and potential dividends.
By carefully considering the factors influencing gold prices and diversifying their investments, investors can capitalize on the potential upside of this precious metal.
XAUUSD prices increased mainly due to Russia-Ukraine tensionsPreviously, investors expected that Mr. Trump could end the Ukraine conflict within 24 hours as announced after his election. Expectations that geopolitical tensions will cool in many areas have caused gold to plummet, from a peak of 2,789 USD/ounce recorded today, October 30, to 2,540 USD, November 14.
But now, the forum in Ukraine may change. Ukraine believes that US long-range missiles can "change their address", while Russia will certainly respond strongly if Kiev uses long-range missiles to target Russian territory.
According to Bloomberg, Moscow has just attacked Ukraine and launched a long-range missile made by an American manufacturer into Russia's Bryansk province. This is a very bad signal for this area.
With the latest forums, gold recorded a very rapid increase in purchasing power. Goldman Sachs has just reported that gold will reach 3,000 USD/ounce in 2025.
In the medium and long term, gold is still supported by the interest rate cycle of the US Federal Reserve (Fed).
🔥 XAUUSD BUY 2622 - 2620🔥
💵 TP1: 2630
💵 TP2: 2635
💵 TP3: OPEN
🚫 SL: 2614
🔥 XAUUSD SELL 2644 - 2642🔥
💵 TP1: 2635
💵 TP2: 2630
💵 TP3: OPEN
🚫 SL: 2652
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved to the level of 2,640.00.
Possible scenario
The best way to use this opportunity is to place a buy limit order at 2,630.
Set your stop loss at 2,623. below the previous low ($7.00 loss for 0.01 lot) and take profit at 2,655. ($25.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold Positive - Rebounds on Military TensionsXAU / USD trend forecast November 19, 2024
Gold prices (XAU/USD) drew safe-haven demand on Monday, rebounding after last week's sharpest weekly decline in over three years and breaking a six-day losing streak amid escalating geopolitical tensions.
Additionally, a pullback in US Treasury yields led to profit-taking on the US Dollar (USD) following its post-election surge to a new year-to-date high, providing further support for the non-yielding yellow metal.
Korean peninsula tension - boosts gold price to increase and recover. Wait for resistance zone according to FIBONACCY for gold price to decrease
/// SELL XAU : zone 2640-2643
SL: 2648
TP: 50 - 100 - 200pips (2623)
Safe and profitable trading
Gold: Fibonacci-Based Long Setuprice consolidation around the 0.5 Fibonacci retracement level at 2,632.796 signals a potential continuation of the bullish trend. A breakout above this zone confirms strong buyer momentum, providing an opportunity to capitalize on the uptrend.
Trade Setup:
Entry: 2,632.796
Stop Loss: 2,620.949 (below Fib 0.0 level for protection)
Take Profit:
Target 1: 2,648.473 (Fib 1.5 level)
Target 2: 2,657.553 (Fib 2.0 level)
This setup offers a well-defined risk-reward ratio, leveraging clear technical levels to guide entry, stop loss, and take profit decisions.
XAUUSD: Sell Around ResistanceLast week, I repeatedly emphasized that gold would rebound and recommended focusing on long trades. Those who followed my strategy have likely secured substantial profits this time.
Additionally, I clearly pointed out yesterday that gold would retest the support around 2580, presenting a new buying opportunity, with resistance at 2608–2614. This analysis has been validated by the market movement.
Currently, gold prices have risen to around 2640, entering a new resistance zone. Today’s trading strategy will focus on selling near the resistance area to capture potential pullback opportunities.
Recovery continues! Expected price range 2644⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices surged over 1.80% early this week, recovering from a two-month low of $2,536 to climb above $2,600. Heightened tensions in the Russia-Ukraine conflict, coupled with a weaker US Dollar, supported Gold’s rise on Monday. At present, XAU/USD is trading at $2,610.
Market sentiment on Wall Street is mixed, with two major US equity indices posting gains while the other two remain volatile. Geopolitical developments remain a key driver for Gold, as Russia’s large-scale offensive in Ukraine prompted a response from the White House.
⭐️Personal comments NOVA:
Gold price still shows strong upward momentum, recovery may be higher approaching potential price zones such as 2644 - 2673
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2644 - $2646 SL $2649
TP1: $2638
TP2: $2630
TP3: $2620
🔥SELL GOLD zone: $2673 - $2675 SL $2680
TP1: $2660
TP2: $2645
TP3: $2630
🔥BUY GOLD zone: $2589 - $2587 SL $2582
TP1: $2595
TP2: $2610
TP3: $2620
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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: BUYToday, gold rebounded after a pullback to around 2554. As mentioned during yesterday's session, I alerted everyone to watch the 2556-2547 range for the pullback, and unless there were any surprises, this would present a new buying opportunity. I believe those who have been paying close attention to the updates should have seized this opportunity. Currently, the market is facing resistance and is in a consolidation phase. There is a possibility of further testing of support in the short term, but in the medium term, the bulls have a stronger potential. Therefore, my trading strategy remains focused on the long side, with the primary target above 2580.
Support 2554-2547, 2537-2526
XAU ! Nov 19 ! Break - prices continue to rise, scalpingXAU / USD trend forecast November 18, 2024 ! SCALPING
Market expectations that US President-elect Donald Trump's expansionary policies could drive inflation higher and reduce the likelihood of further interest rate cuts by the Federal Reserve have kept US Treasury yields elevated. This has limited the upward momentum for Gold prices.
However, persistent geopolitical risks from the prolonged Russia-Ukraine conflict and ongoing tensions in the Middle East continue to provide support for the safe-haven asset, urging caution before initiating new bearish positions.
Small timeframe M15 , see price BREAK past 2625 and continue to rally towards 2640 soon
/// BUY XAU : zone 2625-2622
SL: 2619
TP: 40 - 80 - 150 pips (2637)
Safe and profitable trading
GOLD BUYS!!!Trade Description for Gold (XAU/USD)
Trade Setup Summary
- Instrument: Gold (XAU/USD)
- Timeframe: 4-Hour Chart
- Trade Direction: Bullish (Buy)
Key Levels:
1. **Entry Zone**:
- Planned within the **Golden Zone**, between **61.8%** ($2,946) and **78.6%** ($2,910) Fibonacci retracement levels.
- This zone is identified as a high-probability area for a reversal based on Fibonacci principles.
2. **Stop Loss (SL)**:
- Positioned just below the **78.6% Fibonacci level** at approximately **$2,910** to minimize risk if the price invalidates the setup.
3. **Take Profit (TP)**:
- **TP1**: At the **0% Fibonacci retracement level** (~$3,043), corresponding to the nearest resistance level or the top of the previous range.
- **TP2** (if applicable): Extended profit level, potentially aligned with Fibonacci extensions (e.g., -27.2% or -61.8% for continuation).
Trade Logic:
1. **Fibonacci Confluence**:
- The price has retraced into the golden zone, an area with strong historical significance for reversals.
2. **Trend Bias**:
- The current market structure suggests a potential uptrend resumption after the pullback.
3. **Risk-to-Reward Ratio (R:R)**:
- This setup offers a favorable R:R, targeting a large profit potential relative to the risk defined by the SL.
4. **Moving Averages**:
- The 50 EMA (blue) and 200 EMA (orange) act as dynamic support/resistance. A price above 50 EMA could add confirmation.
Market Considerations:
- **Price Reaction**: Monitor price action closely within the golden zone. A bullish engulfing candle or breakout would provide further entry confirmation.
- **Volume Analysis**: Increased volume on bullish candles will validate momentum strength.
- **News & Fundamentals**: Watch for U.S. Dollar (USD) strength/weakness, Federal Reserve policy updates, or geopolitical risks, as these heavily influence gold prices.
Market Analysis and Trading RecommendationsDear traders, over the past few days, I had the pleasure of meeting several VIP members for one-on-one sessions. During these meetings, I provided detailed guidance on trading strategies and methods, which proved highly effective. If any of you would like a similar experience, feel free to book in advance for personalized assistance.
Weekly Market Overview
Last week, we focused on short positions, successfully capturing the downward market momentum. This week, with a lack of significant market-moving news, the trend has shifted to a technical recovery rally. Hence, our primary trading approach will revolve around strategic long positions.
From the current price action, the 2613-2612 zone stands out as a robust support area with dense trading activity. This provides an ideal entry point for long positions, with significant upside potential as highlighted in the chart.
Trading Strategy for Today
Entry Level: Enter long near 2615;
Add Positions: Consider increasing exposure if the price drops to the 2610 area;
Stop-Loss Guidance: Place stop-loss below the critical support level, adjusted to individual risk tolerance.
This strategy is based on a combination of technical analysis and market sentiment, aiming to capitalize on the corrective upward movement. For detailed trading plans, VIP members are encouraged to reach out for exclusive insights.
Reminder: All trades involve risk. Ensure proper position sizing and adherence to your trading plan.