GOLD next weekKept this in mind that I told yall about this sell out this week, if the weekly candle closed bearish, that one line I drew below would be our next target/DOL.
XAUUSD trade ideas
XAUUSD - OUTLOOKI think Gold will find support once more at the $2,575 level and will push up from there to test the all time high. If Gold does get supported here I will track the movement up. From the all time high, I think we will see a very much needed deep correction down in the $2,300 area (This is of course a long term outlook)
Please let me know your thoughts in the comments.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has officially broken below the 'Flat Correction' channel & Wave 3 sell's are in full effect! This sell volatility was induced by the Federal Reserve lowering the Interest Rate down to 4.5% last night.
As per usual fundamentals come into effect AFTER and push price towards our technical bias. I've said it before & I'll say it again. Politics & Economic data is one of the most manipulated facades out there😉
Neutral GoldI'm currently looking at a new fresh consolidation pattern forming inside an ascending triangle. I will be trading both the supports and the resistance until we get a clear brekout to either side
Gold sell long term and short termSell gold at the current price with a stop loss at 2621 (190 pips) and take profit at 2560, 2532, and 2515.
XAUUSD Hello Traders and investor 👋
What are your thoughts on Gold
After yesterday's significant drop. Gold
Is currently in a corrective phase . This
Correction is expected to continue with
Some consolidation in the current Range
Once the correction in complete. Gold is
Likely to resume it's downward movement toward the identified targets ❤️
Xauusd sell target today 2628 possibleHere's a summary of your updated XAU/USD trade plan:
Trade Plan
- _Entry Point_: 2650
- _Target_: 2628
- _Stop-Loss_: 2659
Market Analysis
The XAU/USD is experiencing a minor correction, driven by a short-term strengthening of the US dollar.
Technical Analysis
- _RSI Indicator_: The Relative Strength Index (RSI) is below 50, indicating a short-term bearish momentum.
- _Moving Averages_: The 50-day moving average is trending downwards, supporting the bearish view.
- _Support Levels_: The support levels at 2628 and 2620 could provide a buying opportunity in case of a further pullback.
Risk Management
- _Risk-Reward Ratio_: Your risk-reward ratio is approximately 1:1.7, which is relatively conservative.
- _Position Sizing_: Make sure to adjust your position size according to your risk tolerance and account size.
Stay disciplined and stick to your trade plan. Good luck!
GOLD FURTHER SELL OFF?! (UPDATE)Haven't had time to update recently as I've been extremely busy, but either way Gold has been paying us in the background!
We got that rejection from Wave 2 & a huge melt back down again towards the bottom of this 'Flat Correction' channel which I called for you all. Now waiting on Wave 3 to make its huge move down📉
Short on GoldWill sell gold when price fixes below the FVG. SL below the hour candle. TP1 - daily low, TP2 - Last week low, TP3 - three week low.
Daily Analysis of Gold Ounce to USD – Issue 172The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Geopolitical tensions will lead to gold strengtheningGold is trading in an ascending channel drawn by the Andrews fork. The support level of $2,646 acts as a critical point, and if it holds, there is a possibility of a rise to the resistance level of $2,702.
Technical and fundamental analysis
1- Technical analysis: The price is close to the lower Bollinger band and is likely to return to higher levels.
2- Geopolitical tensions: Increased tensions in the Middle East have increased demand for gold.
3- Weakness of the dollar: The decline in the dollar index and possible Federal Reserve policies have worked in favor of gold.
Conclusion
Holding the $2,646 level is essential for the bullish trend to continue, and any increase in geopolitical tensions could push the price towards $2,702.
Gold Faces Strong Resistance Amid Market Speculation- Up Again?Gold Faces Strong Resistance Amid Market Speculation
Today, gold encountered strong resistance near the top of the structure at 2726.
Following the release of US CPI and PPI data, the price couldn't manage to rise further.
The market began speculating about a possible rate cut from the FOMC, debating whether it would be 25 bps or 50 bps.
However, the bearish wave erased almost -1.9% in a few hours, which is a significant movement for gold in a single day.
Given the ongoing conflict in the Middle East, interest rate speculation should be seen as normal, and the price is likely to rise again from the current zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Another good week on the markets with Gold doing what we wanted as per yesterdays trade idea. We got the high, got the low, then the tap and bounce for the long up into the target level which was shared with the wider community. We're also following the path on the Election Special analysis which is working well so far.
Now we have identified the key level above, we'll be looking for price to attempt it, and if we reject, we can get that pullback many traders are waiting for,
For now, job done.
As always, trade safe.
KOG
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello traders. what do you think about this chart.
current price: 2715
since the last week market has continued its bullish trend. after temporary retracement from 2726 to 2700 market is back to its bullish track. market rejected 2700 position which further indicates a strong bullish trend. now market's next target will be 2735.
key points:
support position: 2710/ 2704
resistance level: 2735
study my chart for further detail.
like, comment and follow. thanks for your support .
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold prices are currently in a neutral range-bound trend, oscillating between the defined zones. This behavior reflects a lack of clear market direction in the short term.
It is expected that after continuing its fluctuations within this range, the price will break the identified support zone and move toward its bearish targets.
Don’t forget to like and share your thoughts in the comments! ❤️
GOLD ROUTE MAP UPDATEHey Everyone,
Smashing start to the week with our chart idea playing out perfectly, as analysed.
We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap.
We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
BEARISH TARGETS
2626
EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612
EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE
SWING RANGE
2599 - 2584
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Ping Pong GoldGOLD is in a very strong daily range and possibilities of breaking out in December are minimal.
Please note this is not financial advise and manage risk accordingly
Gold entered into a bearish structure after breaking channelHello 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
XAUUSD CONFIRM SIGNALGold buy now 2647
we have a demand 2645 market can retest it and make reverse to the 2658
use small lots n the zone and make sure to take profits
GOOD LUCK
XAUUSD /GOLD Weekly ForcastGo Through the This Forecast Stay In Sell Side All Traders.
Price will Move in short term Current Price will Moving in 2648 here is Breakout Setup for move to Support Zone 2620 Focus on the Support level If you are Expected Price will move in Sell Side 2620 as Support level But If you Hold on this hope you are making Profit.
You can see more details in the Chart Plz Support with like and Comments For more insights.
TAGETS FOR XAUUSD (GOLD) IN FOMC The Federal Open Market Committee (FOMC) is set to announce its interest rate decision
A horizontal line marks the supply zone, a price level where selling pressure is likely to increase, potentially leading to a downward price movement.
IF YOU WILL GET PRICE THEN ENTER
KEY POINTS FOR SET-UP
ENTRY ZONE 2660 TO 2656
TARGETS WILL NE MENTIONED IN IDEAS
SL BE MUST 2673
LIKE SHARE AND COMMENT KEEP FOLLOW FOR DAILY TA AND SETUP'S
XAUUSDXAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2625 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2720
