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XAUUSD H1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2657.12, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 2612.06, an overlap support level close to 61.8% Fibo retracement The stop loss will be at 2722, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
XAU/USD 24.11.2024OANDA:XAUUSD Hello Traders, Welcome to my chart update for the upcoming week! Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4. Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move. The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator. So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C). Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target. Good luck, and stay calm!
OANDA:XAUUSDShort
by NeptenFX
4
Are we about to see Gold bounce back?After yesterday's big drop off the back of Trump's pick for Treasury Secretary and news of a potential ceasefire between Israel and Lebanon, the gold price reached a low of 2605 before settling in a range between 2615 and 2630. The drop is a little surprising given the Trump pick had been known for several days and it appears that he might help temper the President Elect's plans for levelling tariffs. There are also signs that the proposed ceasefire plan may struggle to get through the Israeli parliament whilst the two nations continue to attack each other. Currently, Gold is finding strong resistance at 2628-33, the 1H did close slightly above in a small sign that we might be about to see further gains. If this happens the the gold price should find a clear ride to the next fib retracement level at 2650 and then 2663. There is some significant economic news due today including the House Price Index, Consumer Confidence and the FOMC minutes. Given there's no clear direction at the moment we could see a shift in sentiment as each piece of news hits the market. For the moment the price looks to be rebounding off yesterday's lows and the weekly chart show's the price movement remaining well within the established long term uptrend.
OANDA:XAUUSD
by dgowty
2
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last analysis on XAUUSD , it has followed the second scenario and dropped down to 2640 and now even lower. With this in mind, we now have again two possible scenarios. We are sitting at two important KL’s (Key Levels) and we will be sitting out until we see a clear break. It might look like a mess, but it’s pretty simple. Scenario 1: BUYS We broke above 2640 . That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) 2660 . Scenario 2: SELLS We broke below 2604 , and are now targeting breaks of 2590 and revisits of 2550 . Personal opition: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660. KEY NOTES - XAUUSD breaking above 2640 would confirm buys. - XAUUSD failing to break above 2660 would confirm sells. - Breaks below 2604 would result in sells, down to 2590 and 2550. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Gold is in the bullish direction after correcting the supportHello 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
OANDA:XAUUSDLong
by ForexMasters2000
Elliott Wave View: Oil (CL) Short Term May See More DownsideShort Term Elliott Wave View in Oil (CL) suggests that cycle from 10.8.2024 high is in progress as a 5 waves impulse. Down from 10.8.2024 high, wave 1 ended at 66.72. Wave 2 rally ended at 72.89 as the 1 hour chart below shows. It has then turned lower again in wave 3. Down from wave 2, wave (i) ended at 70.94 and wave (ii) bounce ended at 71.64. Wave (iii) lower ended at 66.94 and wave (iv) rally ended at 69.39. Final wave (v) lower ended at 66.61 which completed wave ((i)). Oil then rallied in wave ((ii)) with internal subdivision of a zigzag. Up from wave ((i)), wave (a) ended at 70.15 and wave (b) ended at 68.75. Wave (c) higher ended at 71.51 which completed wave ((ii)). Oil has turned lower and structure of the decline looks impulsive. Down from wave ((ii)), wave i ended at 70.4 and wave ii ended at 71.24. Wave iii lower ended at 68.57. Expect wave iv to end soon and then it should turn lower in wave v to complete wave (i). Afterwards, expect oil to rally in wave (ii) in 3, 7, or 11 swing before the decline resumes. Near term, as far as pivot at 72.89 high stays intact, expect rally to fail in 3, 7, 11 swing for more downside.
NYMEX:CL1!
by Elliottwave-Forecast
Comprehensive Trading Report: XAU/USD (Gold) This report integrates multi-timeframe analysis, FVG interactions, detachment data, Elliott Wave analysis, and Gann methodologies into a unified trading strategy. The detailed breakdown aims to provide actionable insights for precision trading during Tokyo, London, and New York sessions. I. Market Analysis Multi-Timeframe Review 30-Minute Chart • Trend: Short-term bearish. • Key Resistance Levels: • $2,671-$2,673: Tested bearish FVG boundary. • Key Support Levels: • $2,665: Lower Bollinger Band and VWAP lower boundary. • $2,663: Bullish FVG lower boundary. • Momentum Indicators: • RSI ~42, favoring continued bearish pressure. • Price well below EMA-21 and Ichimoku Cloud, indicating a detachment-driven bearish trend. • Key Observations: • Price is consistently rejecting the $2,670-$2,671 zone. • Projected move toward $2,660 (Wave C target and key support). 1-Hour Chart • Trend: Bearish. • Key Resistance Levels: • $2,673-$2,675: Tested bearish FVG and Fibonacci 61.8% retracement. • Key Support Levels: • $2,663: VWAP lower band boundary. • $2,660: Bullish FVG boundary and Gann support. • Momentum Indicators: • RSI remains below 50, confirming bearish dominance. • Key Observations: • Price likely to test $2,660-$2,658 as Wave C completes. 4-Hour Chart • Trend: Neutral with bearish overtones. • Key Resistance Levels: • $2,679-$2,682: Gann resistance and Wave 4 retracement. • Key Support Levels: • $2,660: Key Fibonacci and Gann support. • $2,655: Wave 5 projected target. • Momentum Indicators: • EMA-21 detachment suggests bearish continuation with room for mean reversion. • Key Observations: • Extended bearish trend targeting $2,650 as the final Wave 5 destination. II. Elliott Wave and Gann Analysis Elliott Wave Perspective 1. 30-Minute Chart: • Price appears in Wave C of an ABC correction, targeting $2,660 (Fibonacci 161.8%). 2. 1-Hour Chart: • Sub-wave 3 within a broader Wave 3 downtrend targeting $2,655-$2,650. 3. 4-Hour Chart: • Price within Wave 4 retracement, resistance at $2,679-$2,682. • Wave 5 projection at $2,650. Gann Analysis 1. Gann Fan: • Price below 1x1 and 1x2 angles, signaling a bearish bias. 2. Gann Square of 9: • Key Resistance: $2,673-$2,675. • Key Support: $2,660-$2,655 (aligned with Wave 5 target). III. Key Observations and Confluence Factors 1. FVG Interaction: • Bearish FVG: $2,671-$2,673 (resistance). • Bullish FVG: $2,660-$2,658 (support). 2. Detachment Analysis: • Price consistently below EMA-21, SMA-50, VWAP, and Ichimoku Cloud, confirming bearish sentiment. 3. Session Behavior: • Consolidation observed during the Tokyo session. • Expect bearish continuation during London and New York sessions. IV. Trading Plan Primary Short Entry Setup 1. Conditions: • Price rejects $2,673-$2,675 resistance zone. • RSI < 50 confirms bearish momentum. 2. Entry: • Primary: Near $2,673-$2,675 (tested bearish FVG boundary). • Secondary: Breakdown below $2,665. 3. Targets: • TP1: $2,665 (FVG lower boundary). • TP2: $2,660-$2,658 (Gann 2x1 support). • Extended TP3: $2,655-$2,650 (Wave 5 completion). 4. Stop Loss: • Above $2,676.50 (beyond FVG boundary). 5. Risk-Reward Ratio: • Minimum 1:2. Countertrend Long Entry Setup 1. Conditions: • Price holds support at $2,660-$2,658. • Bullish divergence with RSI > 50. 2. Entry: • Primary: $2,660-$2,658 (bullish FVG boundary). • Secondary: Breakout above $2,665. 3. Targets: • TP1: $2,669-$2,671 (tested resistance). • TP2: $2,673-$2,675 (Wave B structure). 4. Stop Loss: • Below $2,657. 5. Risk-Reward Ratio: • Minimum 1:1.5. V. Scalping Opportunities 5-Minute Chart Entry Type Entry Price Stop Loss TP1 TP2 Confluence Factors Short $2,673 $2,676.50 $2,665 $2,660 Bearish FVG, EMA detachment, RSI divergence Long $2,660 $2,657 $2,665 $2,669 Bullish FVG, EMA alignment, Ichimoku support 15-Minute Chart Entry Type Entry Price Stop Loss TP1 TP2 Confluence Factors Short $2,671 $2,675 $2,665 $2,660 Gann resistance, bearish FVG, Wave C projection Long $2,658 $2,655 $2,665 $2,671 Oversold RSI, bullish FVG, strong support alignment VI. Breakout and Breakdown Structures Breakout Setup • Trigger: Price breaks above $2,675 with volume confirmation. • Targets: • TP1: $2,679 (VWAP and moving average alignment). • TP2: $2,682 (Bearish FVG upper boundary). Breakdown Setup • Trigger: Price breaks below $2,658 with RSI < 50. • Targets: • TP1: $2,655 (Bullish FVG lower boundary). • TP2: $2,650 (Wave 5 completion and Gann 2x1 support). VII. Risk Management 1. Stop Loss Placement: • Below key FVG boundaries or Gann levels for longs. • Above resistance zones or FVG boundaries for shorts. 2. Take Profit Placement: • Use Fibonacci extensions (61.8%, 161.8%) and FVG boundaries as targets. 3. Position Sizing: • Maintain 1%-2% risk per trade. 4. Risk-Reward Ratio: • Minimum 1:2 across all setups. VIII. Session-Specific Expectations London Session • Baseline Bias: Bearish continuation. • Key Price Movements: • Likely rejection at $2,673-$2,675, targeting $2,660-$2,655. • Retracement to resistance before continuation expected. Tokyo to London Transition • Scenario 1: Direct bearish continuation toward $2,660. • Scenario 2: Short-term retracement to $2,673-$2,675 before resuming the downtrend. IX. Conclusion 1. Baseline Outlook: Bearish trend dominates across all timeframes. 2. Execution Priority: • Primary Setup: Short entries at $2,673-$2,675, targeting $2,660-$2,655. • Countertrend Opportunities: Long entries at $2,660-$2,658 for scalping pullbacks. 3. Adjustments: • Monitor volume and RSI for breakout or breakdown confirmations. This comprehensive report provides a high-probability framework for trading XAU/USD with actionable entries, risk management strategies, and session-specific insights.
FX:XAUUSDShort
by ICHIMOKUontheNILE
GOLD MARKET ANALYSIS AND COMMENTARY - [Nov 25 - Nov 29]Last week, gold prices continuously recovered from 2,564 USD/oz to 2,716 USD/oz. The reason why gold prices increased sharply this week is because investors are concerned that the war between Russia and Ukraine will take a more serious turn when President Biden allows Ukraine to use long-range ATACMS missiles to fire into Russian territory to in response to Russia's deployment of North Korean troops in the Russia-Ukraine war. Besides, Mr. Biden seems to want to make his mark in the Russia-Ukraine war when he only has about 2 months left in power before handing it over to Mr. Donald Trump. In addition, according to many experts, this move by Mr. Biden may complicate the war between Russia and Ukraine, making it difficult for Mr. Donald Trump to end the hostilities as easily as he announced during the campaign. elect US President... Perhaps most alarming is the nuclear doctrine that Russia emphasizes. It considers any attack by a non-nuclear country supported by a nuclear power to be a joint attack. This means that Ukraine's use of ATACMS missiles also means that the US is directly involved in attacking Russia, making the war between Russia and Ukraine no longer a war between these two countries, but could potentially lead to a world war. War III. However, according to many experts, the US may only provide a limited number of missiles to Ukraine, fearing the dire consequences of this move. Therefore, the war between Russia and Ukraine is unlikely to drag many other countries, especially NATO member countries, into the war. Furthermore, with only 2 months left until Mr. Trump takes office as President of the United States, the war between Russia and Ukraine will soon subside. The need for refuge in gold may continue to increase in the short term as Russia and the US are still taking tough stances in the Russia-Ukraine war. Therefore, next week's gold price may continue to rise even higher. This week, the US announced two important indicators: third quarter GDP and personal consumption expenditure index (PCE) - an important inflation measure of the FED. If Q3 GDP declines and PCE increases, it will be difficult for the FED to resist further reducing interest rates, further supporting the rise in gold prices next week. On the contrary, if GDP increases and PCE decreases, the FED will have more motivation to delay cutting interest rates, causing gold prices next week to be negatively affected. 📌From a technical perspective, on the H4 chart, a head and shoulders pattern is forming, but a few more up/down cycles are needed to confirm. Specifically, if the gold price has a correction phase to around the support level of 2640, then bounces back to break the resistance level of 2711, then it can be expected that the price will continue to maintain its upward momentum above the 2790 threshold. In case of support area If 2600 is broken, it could trigger another sell-off, causing gold prices to fall to around 2500. Notable technical levels are listed below. Support: 2,684 – 2,697USD Resistance: 2,760 – 2,750 – 2,732USD SELL XAUUSD PRICE 2791 - 2789⚡️ ↠↠ Stoploss 2795 BUY XAUUSD PRICE 2639 - 2641⚡️ ↠↠ Stoploss 2635
OANDA:XAUUSD
by Xayah_trading
Risk aversion fades, trend turns to sellGold risk aversion has been alleviated, and gold has broken down directly. The bullish trend of gold has been temporarily alleviated. After the decline of gold, the bulls have no strong counterattack. It is difficult for gold bulls to make great achievements for the time being. Gold rebounds and continues to be short. Gold broke down with the relief of risk aversion, and then the 1-hour moving average of gold began to turn around. The strength of the gold bullish rise has weakened. The resistance of the gold moving average has now moved down to 2683. Gold rebounded to 2683 in the US market and was shorted at highs. It can be shorted near the rebound of 2680. SELL: 2680-2683
TVC:GOLDShort
by Jun-GoldAnalyst
DOW formation - DOWN trendXAU / USD trend forecast November 26, 2024 Gold prices (XAU/USD) plunged during Monday’s North American session following reports of a ceasefire agreement between Lebanon and Israel, which bolstered demand for riskier assets. Coupled with the announcement of Scott Bessent as the Treasury Secretary in Trump’s administration, this added further pressure on the yellow metal. XAU/USD is currently trading at $2,620, marking a drop of over 3%. The shift in risk sentiment has been a key factor driving Gold’s decline. The metal has broken below the 50-day Simple Moving Average (SMA) at $2,664, paving the way for potential further losses. Gold maintains price range below 2700 after ending short-term recovery - DOW wave 5 bar h1 frame /// SELL XAU : zone 2649-2652 SL: 2657 TP: 50 - 150 - 300pips (2622) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
25/11/2024 Gold trade ideaBetween trumps tweets and a potential ceasefire we saw over a 1,000 pip drop on gold yesterday as demand for a safe haven asset diminished (also why DXY fell) As we start to edge closer to FOMC minutes with the rate decision on the 18th we are seeing a rebound of gold at 2631 area the area we also saw as support this time last week so my bias is still buillish and this seen as just a deeper pullback until we get a body close below 2600 to test 2590 key level. Other than that my bias will be bullish for this trading session with areas to look for buys being: 2632, 2640 to test nearest liquidity zone of 2655 before reassesing. Again news is later and we are coming to the end of the month and soon to be year - trade wisely and remember the markets will always be there tomorrow so make sure your trading account is too.
FPMARKETS:XAUUSDLong
by Thetraderscollective
1
Gold in a Holding Pattern: Awaiting FOMC Minutes for DirectionMarket Review and Outlook: Since yesterday’s sharp decline, gold has found strong support around the 2600 level, with resistance capping the price below 2630. As a result, gold is expected to remain within the 2600-2630 range today, with limited movement outside of this zone. The main reason for this confined price action is the upcoming release of the Federal Reserve’s November meeting minutes tomorrow. The market anticipates that these minutes could provide key insights into the Fed’s future monetary policy, which will likely guide gold’s next directional move. Given this, it’s unlikely that gold will experience significant volatility today ahead of the announcement. Today's Trading Strategy: Buy Opportunity: If gold drops near the 2610 level, consider going long. Sell Opportunity: Look for shorting opportunities if the price approaches 2630. Target Range: Expect gold to oscillate between 2600 and 2630 today. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please ensure that risk management protocols are followed and avoid overleveraging your positions.
OANDA:XAUUSD
by Falcon-Training-Camp