GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Xauusdsetup
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports.
The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals.
Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level.
From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered.
Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability.
In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead.
Will gold continue its strong performance, or could a new catalyst shift the trend?
📌 Stay tuned as we navigate the next big moves in the Gold market!
#goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
XAUUSD: Short In The 2780-2800 RangeYesterday, gold prices experienced a significant surge, reaching a high of 2790, which is very close to the psychological level of 2800. In the near term, bullish sentiment is likely to continue probing this important threshold until prices approach 2800. However, it's important to note that due to this substantial increase, market indicators have begun to show divergence, and there is a high probability of a deeper pullback in the short term. From a technical standpoint, the expected pullback should occur in the range of 2770 to 2760. Only after repairing these indicators is there a likelihood for another price increase. Thus, the high point near 2790 will certainly not be a singular peak; there should at least be one more opportunity to revisit this price level.
Additionally, this week is an important data week that occurs once a month, and market volatility on Thursday and Friday will likely intensify. Regarding the data being released this Friday, I believe it poses a significant downside risk for gold. Therefore, if you are holding short positions and find yourself trapped, as long as your account balance is sufficient, there is no need to worry excessively. You can navigate market fluctuations through hedging strategies or multiple directional trades, making it entirely feasible to extricate yourself from this predicament.
Risk aversion will make gold prices continue to rise!The current trend of gold is a unilateral bullish trend. In the trending market, long positions can not only gain greater profit margins, but also have a greater chance of winning if the retracement is small. But don’t regard it as a top just because the price is high and has retraced slightly.
In the bullish trend, even if gold retreats, it will bottom out and rebound. The lower support for gold is around 2776, and the upper resistance is around 2793,2806.
Has gold reached its peak?The high point above gold near 2790 is neither a rapid rise nor a long-term sideways trend followed by a decline. It cannot be considered the formation of a top.
On the 4-hour line of gold, the day's retracement is still within the package of the previous big positive line, so the retracement is just a correction and does not destroy the momentum of continued upward movement.
Gold's lower support is around 2771, and its upper resistance is around 2790 and 2797.
#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.
Best of luck and trade safely.
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below.
Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757.
Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757.
As for today's trading direction, I think it is feasible to choose to short at a high level
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy.
Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
XAUUSD Gold at a Key Extended Level: My Entry Criteria for a Lon👀👉 XAUUSD Gold has reached all-time highs and is currently exhibiting a double top formation. We’re considering a long position on the 4H timeframe if a significant pullback occurs towards equilibrium. *Disclaimer: This is not financial advice. 📊✅
Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off!
After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop.
For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest.
If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it.
This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars.
Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise.
On the contrary, if it closes below 2735-2740, there may be adjustments.
For the day, I am more optimistic about buying at low levels and bullish
XAUUSD: Trading In The 2720-2740 RangeI'm not sure if everyone followed the signals before last Friday's close, but if you did, today's trade should definitely be profitable.
Currently, after filling the gap from today’s lower opening, gold has once again begun to decline, forming a pattern similar to a double top. While there is some support at the current level, it is not strong. From the perspective of the ascending trend, strong support should be around 2722, while the horizontal support from the head and shoulders pattern lies in the 2718-2712 range.
By connecting the high point from last Friday's close to the high point of today's rebound, we can identify a downtrend, with resistance located near 2737. Therefore, today's subsequent trading will primarily focus on the range between 2740 - 2720. If the trend breaks, we will need to adjust our strategy accordingly.
#XAUUAD #GOLD 1HAccording to the 1-hour analysis, I'm currently observing a potential long-term buying opportunity if the price retraces to the 2725 - 2710 zone.
Targets: 2730 / 2740 / 2755
Refrain from placing advance orders at this time. Wait for a clear bullish confirmation before entering.
No Confirmation, No Entry.
#XAUUSD
XAU/USD 28 October 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as yesterday's analysis dated 27 October 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal.
Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase.
Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation.
Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis/intraday expectation remains the same as analysis dated 24 October 2024.
Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase.
As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance.
Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range.
Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low.
M15 Chart:
#XAUUSD #GOLD 4HBased on the 4-hour analysis, the current floating candle demonstrates significant volume strength. If the price manages to close above Friday's high, it’s anticipated that the bullish momentum could drive the price directly towards the 2800.00 level. However, if the price fails to break this resistance, we may likely witness a retracement before any further upward movement.
#XAUUSD
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712.
Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling.
At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690.
This encapsulates my main trading thoughts for the near future.
XAUUSD: There is a possibility of falling below 2700 todayYesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained.
From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised.
With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700
The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
XAUUSD: Key support 2718-2712As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits.
The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading.
From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits.
With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again.
Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space.
The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
XAUUSD: Today’s target is 2700 points, short on rebound highToday's trading strategy:
The support area of 2725-2720 was broken yesterday, and the overall trend of gold prices has been destroyed, so we can no longer maintain a bullish view.
From the hourly chart, the current gold price may form a head and shoulders top pattern. If this pattern is confirmed, it will enter a correction cycle.
The resistance area we need to pay attention to above is around 2740. As long as this position is not effectively broken, the gold price will start to fall, and it is very likely to test 2700 points.
Gold +100 Pips 0 Drawdown , New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.