Get started

Commodities

GOLD ROUTE MAP UPDATEHey Everyone, What a day in the markets today with another big drop following on from last weeks election move. We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum. We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range. We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave. 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 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 - DONE EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 - DONE EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 (DONE) - 2608 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
OANDA:XAUUSD
by Goldviewfx
6
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Some time ago price declined below a support level, thereby breaking it, and started to trades inside the support zone. Later prices declined from this area lower, but soon turned around and backed up to the 2650 level, making a gap and breaking this level. Next, the price made a retest and continued to move up to the resistance level, which coincided with the resistance zone. After Gold reached this level, the price some time traded between this level, and last time it broke the 2735 resistance level, made a second gap, and continued to move up. Some time later price reached the trend line and then started to decline inside the pennant. In this pattern, the price first fell to the 2735 level, and then broke it, after which made impulse down to the support level. A not long time ago price rebounded from this level and now the XAU rise. So, I think that XAUUSD will reach the trend line and then start to decline to the support level, thereby exiting from the pennant. For this case, I set my goal at 2650 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
12
GOLD → The bearish rally is intensifying. Next, 2500-2400?FX:XAUUSD accelerates its fall and updates the low, testing the zone below 2600. Panic? Profit-taking? Are buyers turning around? CPI and PPI ahead, is there still hope? Chinese authorities have played a negative role this time with their weak support for markets (traders are wary of potential trade tariffs that Trump may impose), which is generally reflected in the gold price in part. Theoretically, any attempts to rise in gold may be limited, due to the rise of the dollar, which is feeling support from the market amid the excitement of Trump and fading expectations of future Fed rate cuts. Ahead is the consumer price index, which could have an impact on the Fed's future rate path and the US dollar. Technically, gold is trying to break out of a key range breaking support. If a false break of 2604 is formed, a small correction to resistance may form. Resistance levels: 2626, 2637 Support levels: 2604, 2569, 2546 If the bears keep the price below 2605-2600, the decline may intensify, but since the price is testing strong support, a false breakdown and a correction may be formed as a primary reaction, for example to 2626-2637 (0.5 fibo) before a further decline. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
GOLD - Price can reach resistance area and continue to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price moved up inside rising channel, where it broke $2725 level and later made a gap. After this, price rose to resistance line, turned around, and bounced down to resistance area, exiting from channel. Then price started to trades in pennants, where it traded near resistance area and then reached resistance line of this pattern. Gold bounced from this line and made downward impulse to $2660 level and then bounced up to $2710 points. Later price started to decline and in a short time declined to support line of pennant and recently broke it with $2660 level. In my mind, Gold can reach resistance area and then continue to decline to $2600 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
GOLD → Buyers stop believing in gold ... Are the bears coming? FX:XAUUSD after Powell's support reaches a local high of 2710, but buyers do not let the price near the risk zone. The price is returning to the correction phase and preparing to update the local lows The correction started after the strengthening of interest in the dollar, which is growing at the expense of gold because of Trump's victory. The excitement has not subsided yet, it may continue for a few weeks. The 0.25% cut in interest rates was slightly taken into account by the market, but still supported the metal, but short-term. The market is also disappointed with China, especially with the actions of the authorities towards the country's economy. In general, the fundamental background is negative and it is worth considering this information in your trading. Ahead of the US CPI, which will be published on Wednesday. Technically, the price is turning around and intends to test the liquidity zones located at the bottom... Resistance levels: 2680, 2685, 2700 Support levels: 2665, 2652, 2637 Emphasis on 2665. A pre-breakdown consolidation is forming. If the price breaks this support, selling may intensify. I do not exclude one more attempt to retest the resistance, for example 2680-2685 before further falling. In general, both fundamentally and technically, the market feels the priority towards the bears... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
gold 5 waves complete now abc correction in progress🔸Hello guys, today let's review 6hour price chart for gold. The 5 wave bullish impulse is complete now we are entering ABC correction. 🔸Wave1 was 2335/2472, Wave2 2472/2372, Wave3 2371/2653, Wave4 2653/2605, Wave5 2605/2770, now ABC correction, currently A in progress 2770/2525. 🔸Recommended strategy for gold traders: higher risk bounce play once A completes and transitions into B bounce, BUY/HOLD 2525 exit at 2678. Lower risk sell side setup: B completes near 2678 short sell into bounce exit at 2383 once C completes into liquidity order block zone. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDShort
by ProjectSyndicate
8
XAU/USD : More Fall Ahead ? (READ THE CAPTION)We can observe that after reaching $2699 again, gold faced selling pressure and has corrected down to $2659 so far. Considering that both the New York and Canadian markets are closed today, we are likely to see the next significant move tomorrow. Considering the current price trajectory, we need to see how gold reacts if it declines further to the $2649 level. If this level does not hold as support, there is a high likelihood that gold will first hit the $2643 target and then continue dropping to $2630 and $2616. THE MAIN IDEA : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
16
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603. 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
54
Follow the Gold...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Gold has been overall bullish, trading within the rising channel in orange. Currently, Gold is in a correction phase, so the lower bound of the channel would act as support. Moreover, the blue zone is a strong demand. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline. 📚 As per my trading style: As #XAUUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
6
Gold (xauusd): Potential Pullback After Downtrend Breakhello guys! let's analyze GOLD! Downtrend Break: The sharp decline suggests a bearish sentiment as gold fails to hold previous support levels around $2,693. Retest Zone: There is a potential retest zone around $2,678 - $2,693. If the price retraces to this area and faces resistance, it could signal a continuation of the downtrend. Next Support Target: If the bearish momentum continues, the price may reach a major support area around $2,610 - $2,630 (highlighted in grey), which aligns with a longer-term trendline support. Continuation Scenarios: Scenario 1: Price could retrace to the $2,678 - $2,693 area, face resistance, and continue downward toward the support zone. Scenario 2: If the price breaks above $2,693, the bearish bias may temporarily weaken and move towards higher resistance levels.
OANDA:XAUUSDShort
by melikatrader94
12
XAUUSD trading plan with focus on the 1D MA50.Gold (XAUUSD) is on the 2nd straight red day following Friday's rejection, which is in contrast to Thursday's promising rebound and green 1D candle it showed on the 1D MA50 (blue trend-line). Technically, as long as the 1D MA50 holds, the trend remains bullish within the 5-month Channel Up and our 2800 Target remains intact. As you can see, especially if we observe the 1D RSI fractals, it is a similar (a-e) sequence to the February 14 - May 01 2024 uptrend. Right now it appears that this is phase (e) on the 1D MA50 with the RSI in the lower levels of neutrality (almost bearish). If on the other hand Gold closes a 1D candle below the 1D MA50 (which will be the first time since July 02, more than 4 months), we will take the small loss on the buy and short instead, targeting the 1D MA100 (green trend-line), with a current Target at 2560 (but can change to adapt on the 1D MA100). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
2
SPY/QQQ Plan Your Trade For 11-11: Gap Potential In Trend ModeHappy Veterans Day. Thanks to all the current and past service members who have dedicated so much time and effort to protect all of us from the evil in the world. If you have anyone in your family that has served in the military, please take a moment to call and thank them for their service today. As today is a Federal holiday, I expect the markets to be somewhat muted in terms of trends. We are still seeing BTCUSD rally higher as the Trump win delivers a clear mandate related to global crypto/blockchain opportunities. We are still dealing with a market in a post-election rally phase. I believe this rally phase will diminish over the next 5 to 7+ days and move into the early stages of my Anomaly phase. My research suggests the US and global markets are likely to move into a consolidation phase before attempting to move into a very late phase Santa Rally. So, at this point, with the SPY breaching 600 in pre-market trading, I would suggest traders start to PULL PROFITS and prepare for what I believe will be a moderate consolidation of price over the next 5-7+ trading days. Gold and Silver are still FLAGGING in an inverted Excess Phase Peak pattern. This is currently a bearish price trend - attempting to break higher to move into a rally to Phase #3 (consolidation). We could see some big price rotation today if Gold and Silver break above the FLAGGING trend. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
Bearish drop off 50% Fibonacci resistance?The Gold (XAU/USD) has reacted off the pivot which acts as a pullback resistance that aligns with the 50% Fibonacci retracement and could drop to the 1st support which has been identified as a pullback support. Pivot: 2,713.01 1st Support: 2,605.27 1st Resistance: 2,790.10 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
2
GOLD On The Rise! BUY! My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 2623.4 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 2669.3 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
2
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
OANDA:XAGUSDLong
by Jasminex1x2
3
N-gas / Natural Gas CFD Market Money Heist Plan on Bullish SideHaaiii!! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist N-gas / Natural Gas CFD Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point. Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
FOREXCOM:NATURALGASLong
by Thief_Trader
1
Market Analysis: Gold Price Takes HitMarket Analysis: Gold Price Takes Hit Gold price is declining below the $2,700 support zone. Important Takeaways for Gold Price Analysis Today - Gold price failed to clear the $2,800 resistance and corrected lower against the US Dollar. - There is a key bearish trend line forming with resistance at $2,725 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price was able to climb above the $2,750 resistance. The price even broke the $2,765 level before the bears appeared. The price traded toward $2,785 before there was a fresh decline. There was a move below the $2,760 pivot zone. The price settled below the 50-hour simple moving average and RSI dipped below 30. Finally, it tested the $2,645 zone. The price is now consolidating losses near the $2,660 level. Immediate resistance on the upside is near the $2,668 level or the 23.6% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low. The next major resistance is near the 50-hour simple moving average and the 61.8% Fib retracement level of the downward move from the $2,749 swing high to the $2,643 low at $2,708. There is also a key bearish trend line forming with resistance at $2,725. An upside break above the $2,725 resistance could send Gold price toward $2,760. Any more gains may perhaps set the pace for an increase toward the $2,780 level. If there is no recovery wave, the price could continue to move down. Initial support on the downside is near the $2,645 level. The first major support is $2,635. If there is a downside break below the $2,635 support, the price might decline further. In the stated case, the price might drop toward the $2,620 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
2
GOLD Update: Consolidation Zone with Bearish Breakout RisksTechnical Analysis The price dropped from 2677 to 2606, approximately $70, as mentioned yesterday. Today, the price is expected to consolidate between 2587 and 2606 until a breakout occurs. A bearish trend will be activated if a 4H candle closes below 2587, targeting 2553. Conversely, a 4H candle close above 2606 would indicate a bullish trend, with potential targets at 2629 and 2644. Key Levels: Pivot Point: 2587 Resistance Levels: 2606, 2616, 2629 Support Levels: 2574, 2553, 2526 Trend Outlook: Consolidation between 2587 and 2606 Bearish trend below 2587 previous idea:
OANDA:XAUUSDShort
by SroshMayi