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XAUUSD- Rebound, Resistance, and Selling OpportunitiesXAUUSD- Rebound, Resistance, and Selling Opportunities Gold remains highly volatile. After last week's sharp drop of approximately 1,500 pips from top to bottom, the price rebounded significantly this week, recovering around 1,000 pips. Despite finding a potential bottom at 2,537, the price is expected to encounter strong resistance at 2,680. I'm considering selling in that resistance zone, targeting a potential decline toward the 2,650 level.
OANDA:XAUUSDShort
by Professor-Michael
Gold follows an Uptrend! 2706SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) hold onto solid intraday gains during the early European session, trading near a two-week high just below $2,700. Escalating geopolitical tensions from the Russia-Ukraine conflict continue to drive demand for the safe-haven metal, marking its fifth consecutive day of gains. Additionally, expectations that US President-elect Donald Trump's expansionary policies may spark inflation further support gold, often seen as a hedge against rising prices. ⭐️Personal comments NOVA: The buying pressure of the bulls is still very high, the gold price may continue to trend up to the 2706 area ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2682 - $2680 SL $2675 TP1: $2690 TP2: $2700 TP3: $2706 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Potential bearish reversal?The Gold (XAU?USD) is rising towards the pivot which has been identified as an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 2,712.05 1st Support: 2,656.74 1st Resistance: 2,758.37 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
XAUUSD SHORT SWING TRADEGold's Bearish Outlook for December: An Analysis Using Vinnie's Trading Cheat Code Gold's price action is a reflection of global market sentiment, economic trends, and technical signals. Based on the analysis using **Vinnie's Trading Cheat Code (VTCC)**, the December outlook for gold suggests a bearish trend. Here’s a detailed explanation grounded in both technical and macroeconomic factors: --- **1. Technical Signals from Vinnie's Trading Cheat Code** **A. CC Sell Signal on Higher Timeframes** The VTCC system has triggered **CC Sell signals** on the **daily and 4-hour charts**, indicating a shift in market momentum. These signals are confirmed by: - **Bearish Divergence in the CC MACD**: The Cheat Code MACD shows declining momentum despite previous price spikes, a precursor to potential trend reversals. - **Trend Continuation Markers**: Recent price action has failed to break above key resistance levels, reinforcing a continuation of the bearish trend. **B. Trendline Break Confirmation** A critical ascending trendline, which supported gold prices since early Q3, has been decisively broken. VTCC confirms this as a bearish trigger when combined with a CC Sell Alert. **C. Lack of Volume on Retracements** During recent upward retracements, VTCC's volume-based Confirm Indicator flagged weak buying interest. This suggests that sellers remain in control. --- **2. Macro Factors Supporting the Bearish Thesis** **A. Strengthening U.S. Dollar** Historically, gold moves inversely to the U.S. dollar. With robust U.S. economic data and the Federal Reserve's hawkish tone, the dollar is poised to strengthen further. This diminishes gold's appeal as a safe haven. **B. Rising Treasury Yields** Higher yields on U.S. Treasury bonds make non-yielding assets like gold less attractive. VTCC's Fundamental Sentiment Scanner has highlighted increased bearish sentiment in gold as bond yields rise. **C. Seasonal Weakness** Gold tends to experience seasonal weakness in December due to reduced physical demand and increased profit-taking ahead of the new year. VTCC's historical pattern analysis aligns with this seasonal trend. --- **Conclusion** Gold's bearish outlook for December is well-supported by VTCC's technical indicators and macroeconomic trends. The combination of CC Sell signals, declining momentum, seasonal factors, and macroeconomic headwinds create a compelling narrative for a bearish move. Traders leveraging **Vinnie's Trading Cheat Code** can capitalize on this trend with confidence, knowing the system’s precision in identifying high-probability setups.
FX:XAUUSDShort
by bluesignalfx
GOLD (XAUUSD): Wait For ConfirmationUpdate on Gold 📈 The setup we posted earlier is no longer valid as the Gold price failed to break the neckline of the double top. Now it appears that Gold may be getting ready for a bullish trend. Analyzing the 4-hour time frame, we spotted a descending resistance trend line and a confirmed break above it. The key level for buyers to overcome is the support range of 2638 - 2655 on the 4-hour time frame. If this level is broken and closed above, it will indicate a strong bullish signal. Subsequently, a bullish trend could extend to at least 2700.
TVC:GOLD
by linofx1
5
XAUUSD- Time to sell!!XAUUSD- Time to sell!! I want share with you my opinion about Gold. Looking at the chart, we can see how the price entered to upward channel, where it some time rose near the support line and later rebounded up to the 2570 support level, which coincided with the buyer zone. Then price made a retest and later continued to grow to a resistance line of the upward channel. When Gold reached this line, it turned around and made a correction movement to the support line, after which bounced and rose to the resistance level. Soon, the price broke this level, which coincided with the seller zone, and rose to 2790 points, after which turned around and started to decline. In a short time, XAU fell to the support line of the channel, and exited from it, breaking the 2705 resistance level as well. Then the price dropped to the buyer zone, where it some time traded and then turned around and made a strong impulse up. Price reached resistance level again and now it trying to break it one more time. In my opinion, Gold can enter to seller zone, turn around, and start to decline. For this case, I set my TP at 2630 points.
FOREXCOM:XAUUSDShort
by Professor-Michael
Gold Trade Plan 22/11/2024-Wave BDear Traders, According my last analysis ,Gold has broken through the 0.618 Fibonacci level. Based on the current scenario, we've observed a price reaction to our target order block. I expect gold to face significant resistance around the 2640 level and may undergo a deeper correction from that point. Further analysis will be required to determine the future trend." Dont Forget Like&Boost please if this Forecast is useful for you ! Regards Alireza!
SAXO:XAUUSDShort
by alirezak
GOLD is headed for a 5th day of increaseOANDA:XAUUSD rose for a fourth straight day and is headed for a fifth day of gains on Friday (November 22) as safe-haven demand picks up while traders assess the prospect of further policy easing by the Federal Reserve. Federal Reserve and increasingly escalating geopolitical risks. Gold prices recovered above $2,680 and were on track for their best weekly performance since April as the war between Russia and Ukraine escalated. Ukraine says Russia has launched a "new" ballistic missile toward the city of Dnipro, sending a worrying signal to Western supporters of Kiev. Escalating geopolitical tensions often push investors toward safe-haven assets like gold. When the United States vetoed the United Nations ceasefire resolution in Gaza, relations between Russia and Ukraine became tense again, ensuring gold's long-term appeal. Investors have flocked to safe-haven assets during the global crisis and gold prices have hit multiple record highs since conflict in the Middle East erupted last October. Since the beginning of this year, gold prices have risen nearly 30%, supported by solid central bank gold purchases, growing safe-haven demand and a cycle of interest rate cuts by the Reserve Federal. Although the recovery of the US Dollar put pressure on gold prices, safe-haven demand helped gold prices offset this pressure. A stronger US Dollar often makes goods priced in Dollars more expensive and less attractive. Spot gold prices rose 4% this week, their best gain since April, recovering from their biggest weekly drop in more than three years last week. Gold's decline was fueled by a rise in the US Dollar fueled by Trump's victory in the race for the White House. Investors are also focusing on several Fed officials expected to speak this week. Market expectations for a December rate cut have weakened significantly, with the probability now at 59.4%, much lower than 82.5% a week ago. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold broke out of the downtrend from the price channel and initially achieved the conditions for a new bullish cycle to be formed with a move above the EMA21 level. In addition, the Relative Strength Index is also pointing up to surpass 50, which is considered a signal for price increases in the near future. In the immediate future, gold will need to test and surpass the original price level of 2,700 USD. Normally, the original price levels are considered resistance or support depending on price position conditions. If gold surpasses 2,700 USD and maintains stability above the 0.382% Fibonacci retracement level, it will be able to continue to increase by more than 30 Dollars to reach the 0.236% Fibonacci level. Currently, gold has the conditions for a bullish cycle, so technically, combined with the escalating geopolitical risk of market shock, the trend of gold is leaning more towards the possibility of price increases. Notable technical points will be listed as follows. Support: 2,684 - 2,668USD Resistance: 2,697 - 2,700 - 2,732USD SELL XAUUSD PRICE 2711 - 2709⚡️ ↠↠ Stoploss 2715 →Take Profit 1 2704 ↨ →Take Profit 2 2699 BUY XAUUSD PRICE 2639 - 2641⚡️ ↠↠ Stoploss 2635 →Take Profit 1 2646 ↨ →Take Profit 2 2651
OANDA:XAUUSD
by Xayah_trading
Bullish rise off pullback support?The Silver (XAG/USD) has reacted off the pullback support that aligns with the 50% Fibonacci retracement and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 30.67 1st Support: 29.71 1st Resistance: 32.02 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:XAGUSDLong
by ICmarkets
Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand. Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties. Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains. What about you? Do you think gold will conquer this critical milestone?
OANDA:XAUUSDLong
by Veda_Solomon
6
Bravely hold a short position,TP:2690-2685Bros, today is another fruitful day. Today, we shorted gold with 2695 as resistance as scheduled. After gold broke through the first resistance area of ​​2595, we shorted gold with 2711 as resistance at around 2710 in equal proportion as scheduled. Gold is now back below 2700 and our short position is starting to make profits again! Bros, there is no need to rush to close short positions, gold may continue to fall to 2690-2685, and once gold falls below this area, gold may even continue to fall to around 2675. Boldly hold short positions and look forward to better profits! Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD IS STILL BULLISH hello guys as you can see gold is in an uptrend . after breaking above ma200 and fix it went up to 2672 2672 is strong resistance if price break out this level can go up to my targets Gold has been bullish over the past few days due to several fundamental factors: 1. Expectations of Lower Interest Rates by the Federal Reserve: Recent U.S. economic data, such as easing inflation and weaker growth indicators, suggest that the Fed may pause or even consider cutting interest rates. Lower rates benefit gold because it reduces the opportunity cost of holding non-yielding assets like gold. 2. Geopolitical Tensions: Ongoing geopolitical issues, such as conflicts in the Middle East or global uncertainties, have increased demand for safe-haven assets like gold. Investors tend to flock to gold during times of fear or uncertainty. 3. Weaker U.S. Dollar: The U.S. dollar has shown some weakness recently, making gold more attractive to buyers in other currencies. A weaker dollar generally supports gold prices. 4. Seasonal Demand and Central Bank Purchases: Central banks, especially in countries like China and India, continue to increase their gold reserves, providing strong support for gold prices. Additionally, seasonal demand for gold in certain markets may be playing a role
OANDA:XAUUSDLong
by Lady_scalper
Gold (XAUUSD) Analysis: Anticipated Market Movement1. Current Market Context Phase and Structure Left Chart (1H): Price is currently in Wave 4 of a larger structure, moving within a corrective phase. Wave 5 is expected to complete the bullish push, potentially reaching 2,680.70 or slightly higher, before a Thursday/Friday correction into a bearish weekly close. Right Chart (4H): Price recently completed a Phase B (Distribution), with lower highs forming a divergence. Current push is part of a liquidity grab/inducement phase in preparation for a markdown phase (Phase C). Key Observations A final bullish push (Wave 5) is expected, likely fueled by trapped liquidity (inducement). The correction into Phase C will mark the beginning of the weekly markdown. 2. Expected Price Movement Bullish Push (Wave 5 Completion) Target Levels: First target: 2,680.70 (Divergence Wave 5). Stretch target: 2,695.32 (1.236 extension of Wave 5 diagonal). Invalidation: A failure to break 2,680.70 or a reversal before hitting 2,695.32 would indicate weakness. Correction and Markdown Phase Key Reversal Levels: Expected to top at resistance between 2,680.70 and 2,695.32, triggering markdown. Projected Downside Targets: Short-term target: 2,622.15 (support from prior accumulation). Medium-term target: 2,601.81 (support line of SC accumulation). Extended target: 2,577.30 (Wave 3 must hold or invalidate further downside). 3. Key Price Levels Bullish Resistance Zones 2,680.70: Divergence wave top (high probability reversal zone). 2,695.32: 1.236 extension; upper resistance limit. 2,735.88: Fibonacci 0.786 retracement, potential breakout target. Support Levels 2,622.15: Support line for prior distribution; minor bounce area. 2,601.81: SC (Selling Climax) boundary for accumulation. 2,577.30: Wave 3 invalidation level; failure here signals a bearish continuation. 4. Trading Plan Scenario 1: Bullish Completion of Wave 5 Setup: Look for a breakout above 2,650.0 with strong momentum. Targets: Take profits at 2,680.70 (primary target). Hold remaining for 2,695.32. Invalidation: If price fails to hold 2,650.0, exit longs. Scenario 2: Correction After Wave 5 Setup: Look for signs of reversal between 2,680.70 and 2,695.32. Short Entry: On bearish rejection at resistance zone. Confirmation of markdown with lower highs and bearish momentum. Targets: Short-term: 2,622.15. Medium-term: 2,601.81. Extended: 2,577.30. Stop-Loss: Above 2,695.32 to manage risk. Scenario 3: Failure of Wave 5 Completion Setup: If price fails to break 2,680.70 and reverses early: Early markdown phase starts. Short setup triggers below 2,650.0, targeting lower support levels. Targets: Short-term: 2,622.15. Medium-term: 2,601.81. Invalidation: Reclaiming 2,680.70 invalidates this scenario. 5. Commentary for Viewers What I Expect This Week Gold is currently showing signs of a final push higher (Wave 5) toward 2,680.70 or slightly higher (2,695.32) before topping out. Thursday or Friday will likely mark a weekly correction, as the market transitions into Phase C markdown. The correction may test lower levels, with potential targets between 2,601.81 and 2,577.30. How to Trade For Long Traders: Look for entries on dips to support levels like 2,622.15, targeting 2,680.70. Be cautious near resistance zones and ready to exit longs. For Short Traders: Look for reversal signs at or near 2,680.70 or 2,695.32. Aim for markdown targets at 2,622.15, 2,601.81, or lower. Risk Management Use defined stop-loss levels below support for long trades and above resistance for short trades. Avoid overleveraging, especially during volatility near key reversal levels.
FX:XAUUSD
by spacedevil
Bearish reversal off overlap resistance?WTI oil (XTI/USD) is rising towards the pivot and could reverse to the 1st support which acts as a pullback support. Pivot: 71.13 1st Support: 68.99 1st Resistance: 72.94 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:XTIUSDShort
by ICmarkets
Gold Price Analysis: Consolidation and Key Breakout LevelsGold Technical Analysis The price has reached the resistance zone at 2706 and stabilized below it. Currently, the market is expected to consolidate within the range of 2681 to 2706 until a breakout occurs, with the bias leaning towards a move towards 2681. Bearish Scenario: The price is likely to test 2681 next. A confirmed break below 2681 would establish a bearish trend, with potential downside targets at 2673 and 2661. Bullish Scenario: If the price stabilizes above 2681, it may retest the 2706 resistance. A breakout above 2706 could signal bullish momentum, propelling the price towards 2739. Key Levels: Pivot Point: 2691 Support Levels: 2681, 2673, 2661 Resistance Levels: 2706, 2717, 2739
OANDA:XAUUSDLong
by SroshMayi
GOLD ELLIOTT WAVE ANALYSIS: 22 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M. The ((a))-navy wave has completed as a Five-wave, so it is very likely that the entire ((a))((b))((c))-navy corrective wave is developed as a Zigzag ( 5-3-5). And we are moving forward with its ((b))-navy wave, which is probably developing as a Zigzag, labeled (a)(b)(c)-orange. The (a)-orange wave is almost completing its role as a five-wave, I can already count the i-grey wave to the v-grey wave. Basically the v-grey wave can push a little higher, and we will have a pullback with the (b)-orange wave after the (a)-orange wave is completed. After wave (b)-orange ends, wave (c)-orange will continue to move higher, aiming at targets around 2.691 - 2.735. And I will update continuously to follow all its developments. The push below the lower edge of the Channel is a first sign that the (a)-orange wave may be ending. ALT WAVE COUNT (Less likely): Shows that wave 4-grey ended earlier than expected, and wave 5-grey is unfolding higher. When price breaks through 2.735, I will focus on this view.
TVC:GOLDLong
by ShaneHua