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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 Market Outlook: ReboundToday, the news about the Israel-Palestine ceasefire triggered a sharp drop in gold prices, highlighting the significant impact that war news can have on gold. Recently, updates on the Russia-Ukraine peace talks are also expected to emerge gradually. Traders should remain cautious and avoid blindly chasing highs, because if there is positive news regarding the peace process, gold will likely experience sharp volatility. Although there will undoubtedly be various conflicts during the peace talks, I believe the ultimate outcome will be a successful agreement—it’s just a matter of which side gains more benefits. Earlier, I posted a strategy for trading gold during the Russia-Ukraine peace talks. If you're interested, feel free to check it out. As for current trading, after the large amount of selling pressure has been released, gold is expected to experience a corrective rebound. I’ve already provided specific trade signals—buy in the range of 2636-2621, with a target above 2650. If you'd like to receive signals in real time, you're welcome to follow me.
OANDA:XAUUSDLong
by TradingGuide_Dean
XAUUSD 25/11/24Following last week's shift into a bullish narrative, we remain bullish on the higher timeframe. This outcome was anticipated in our previous reports, where we noted that failing to interact with key areas appropriately would likely result in a bullish shift. As expected, the daily bias has also turned bullish, aligning with our forecast. We failed to engage with the liquid highs and areas of supply, resulting in a push upward and the establishment of a new upward trajectory. Currently, we have an unmitigated area of supply, representing a potential counter move. While this scenario is less likely, we are closely monitoring the area of demand at the base of the last major move. If the current upward trajectory breaks, this demand zone will be our focus. As always, if the price continues downward to the demand area and fails to hold, we will look for lower points within the current range. Our bias will remain bullish unless the daily timeframe bias shifts again. However, if there is no pullback—as previously mentioned—this will be a counter-trend move, increasing the likelihood of another upward expansion. This would target pre-established highs and potentially breach the area of supply. It’s also worth noting that there are several pockets of liquidity around the demand area, as well as liquidity above the major highs of our previous downward trade. Trade safely, stick to your plan, and always follow your risk management rules.
OANDA:XAUUSD
by rosshayes
sell from 2714-2717 area Good Morning, Traders, After an extended hiatus, I’m pleased to reconnect with you all and hope this message finds everyone well. Gold currently exhibits a bullish sentiment, driven largely by geopolitical tensions. However, I maintain that a reversal into my identified zone remains highly probable. While the bullish momentum is evident, with gold forming one of the most significant bullish candles in its history, multiple timeframes (M30 to H4 and beyond) indicate overbought conditions. This scenario necessitates caution, especially as the forthcoming signal involves counter-trend trading. As always, prudent money management will be critical to navigating this market effectively. Trade wisely, and wishing you all success in today’s session.
OANDA:XAUUSDShort
by sajanshrestha72
XAU/USD Multi-Timeframe Trade Plan – Precision Levels & Setups 🔥 XAU/USD Multi-Timeframe Trade Plan – Precision Levels & Setups 🔥 🔍 Technical Overview (30M Chart) 1. Trend: • Bullish momentum with price above EMA-21 ($2,711) and SMA-50 ($2,710). • Price is detached from EMA-21 by $4.62—expecting pullbacks near $2,705-$2,710 for reversion. 2. Key Levels to Watch: • Bullish FVG: Below $2,705.74 (support zone). • Bearish FVG: Above $2,721.50 (resistance zone). • Immediate Resistance: $2,713-$2,724. • Fibonacci Retracements: • Strong Support: 78.6% at $2,695.74. • Pullback Zone: 61.8% at $2,690.73. 3. Momentum Indicators: • RSI: At 68 (nearing overbought)—upside potential limited without volume. • Stochastic RSI: Bearish crossover in overbought zone—short-term pullback likely. 🔒 Higher and Lower Timeframe Analysis 1. Higher Timeframes (1H, 4H): • 1H Chart: • Resistance near VWAP Upper Band ($2,722.60). Bearish RSI divergence aligns with rejection risk. • 4H Chart: • Price nearing upper Bollinger Band ($2,725)—overextension signals a pullback. 2. Lower Timeframes (5M, 15M): • 5M Chart: • Bullish FVG support near $2,709. • 15M Chart: • Bearish RSI divergence supports short opportunities at $2,715-$2,720. 🎯 Trade Setups 📈 Long Entry Setup • Entry Conditions: • RSI > 50, stochastic crossover near EMA-21 ($2,709-$2,711). • Entry Levels: • Primary: $2,711. • Secondary: $2,705. • Take Profits: • TP1: $2,717 (VWAP Band). • TP2: $2,722.50 (Fibonacci extension). • Stop Loss: Below $2,705 (FVG boundary). • Confidence: 70%. 📉 Short Entry Setup • Entry Conditions: • RSI < 50, bearish stochastic crossover near $2,721-$2,725. • Entry Levels: • Primary: $2,721.50. • Secondary: $2,724. • Take Profits: • TP1: $2,715 (EMA-21 reversion). • TP2: $2,709 (Fibonacci retracement). • Stop Loss: Above $2,725.50. • Confidence: 65%. 🔄 Scalping Opportunities Timeframe Type Entry Stop Loss TP1 TP2 Trigger 5M Long $2,709.50 $2,707 $2,713 $2,716 FVG + EMA Alignment 15M Short $2,720.50 $2,722.50 $2,715 $2,711 Bearish FVG Divergence ⚙️ Risk Management Guidelines • Stop Loss: Place below/above FVG or Ichimoku baselines. • Take Profit: Key Fibonacci extensions and untested FVG levels. • Risk-to-Reward Ratio: Minimum 1:2. • Position Sizing: Risk 1%-2% per trade. 📊 Detachment Calibration • 30M Chart: Price detached by $4 from EMA-21—expecting pullback near $2,711. • 1H Chart: Overextension near VWAP Upper Band ($2,722.60). • 4H Chart: Resistance near upper Bollinger Band ($2,725). 📌 Summary Gold (XAU/USD) is showing signs of a near-term pullback before resuming its bullish trend. Watch for price action at key FVG zones and Fibonacci levels to align with the outlined setups. Execute patiently—let the market come to you! Happy Trading! 🚀
FX:XAUUSDLong
by ICHIMOKUontheNILE
Gold - Tensions between Russia and Ukraine are intensifying, andGold rose for the fourth consecutive trading day on Thursday, reaching a high of more than a week, and tensions between Russia and Ukraine intensified, leading to a surge in risk-averse demand. During the global crisis, investors flocked to risk-averse assets. Since the outbreak of the Middle East conflict in October last year, gold has hit record highs many times. Since this week, the gold price has risen by 4%, the best performance since April, recovering from the largest single-week decline in more than three years last week. As can be seen in the technical chart, the RSI and stochastic indexes continue to rise, and even the MACD indicator breaks the signal line, which also indicates that the gold price can maintain a high tendency. If calculated by the cumulative decline in the month, the margin of 61.8% is $2,692. And the 25-day average line 2685 is also a key reference. If the gold price can remain stable above this area in the short term, it will further consolidate the rise of the gold price; the larger resistance is 2750, and the medium-term key target is still the 2800 barrier that failed to break through last month. The closer support is estimated at $2,665 and $2,658, and the next level is estimated at $2,548.
OANDA:XAUUSD
by TMrxxxxxx
SasanSeifi|Will Gold Reach Higher Targets!?Hey there, ✌Analyzing the gold chart on the 2-hour timeframe shows that after a bearish trend and reaching the 2540 level, the price entered a consolidation phase and faced demand. Following the breakout of the supply zone, the price rallied to the 2640 range. Currently, after hitting the 2640 resistance, the price has started a corrective move toward the support zone at 2620-2610. In a bullish scenario, the price is expected to target levels of 2645, 2650, 2660, and potentially 2667-2675. However, rejection and further corrections are possible from these levels. If the price breaks below 2610 and stabilizes, the likelihood of further declines toward 2600-2590 increases. On the daily timeframe, the overall outlook leans more towards a bearish move, with a target of 2500. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
FOREXCOM:XAUUSD
by SasanSeifi
Gold Rallies to One-Week High Amid Rising Geopolitical TensionsGold prices have climbed for a second consecutive session, reaching their highest level in over a week, driven by renewed safe-haven demand and geopolitical uncertainties. The escalating conflict between Russia and Ukraine has spurred a surge in gold purchases as investors seek refuge for their assets. Meanwhile, market participants eagerly await key signals regarding the Federal Reserve's interest rate strategy, adding another layer of anticipation to gold's movement. Supportive Factors for Gold's Momentum: Geopolitical Risks and Economic Uncertainty: Heightened geopolitical tensions, coupled with economic vulnerabilities, continue to solidify gold's appeal. Fed Rate Speculations: This week, Fed officials are set to speak, potentially shedding light on the trajectory of U.S. interest rate cuts. Market sentiment currently suggests a 62% probability of a 25-basis-point rate cut in December. Central Bank Buying and Widening Deficits: Central bank acquisitions and increasing fiscal deficits in the U.S. and other Western nations remain robust pillars of support for gold prices. Dollar Weakness: A retreat in the U.S. dollar, following its surge to a one-year high last week, has further bolstered gold's attractiveness for international buyers using other currencies. Gold's allure remains firmly underpinned by the interplay of economic risks, geopolitical turmoil, and favorable market conditions. As investors closely monitor upcoming Fed communications, gold's upward trajectory seems poised to sustain its momentum in the near term.
OANDA:XAUUSD
by Pierce_Bowers