Gold 1H Intra-Day Chart 21.11.2024Here is what I am looking for next;
Gold prices dip lower $2,630 zone as prices are overbought. The VRVP also shows there is little volume left from buyers so the least we should see is a retracement down now.
XAUUSD trade ideas
GOLD FURTHER SELL OFF?! (UPDATE)Gold has been moving up very sharply but overall still trading within our Wave B zone. Still bearish on price action overall.
If price trades back above $2,700 then it'll range around $2,720 - $2,735. This huge move up is something called 'short squeeze' in trading. It's designed to make traders start panicking at buy the market at the top, at which point the big banks drop the price straight back down.
XAU/USD 1H Short Bearish DivergenceXAU/USD 1H Short Bearish Divergence
Gold making Bearish Divergence on 1H
Will Short on Breakout of 2616.27
Sell Stop: 2616.27
SL: 2639.500
TP1: 2595.193
TP2: 2573.039
XAUUSD buy limit orderHi everyone. As we have a CHoCH in 15min TF I think this area is good to go long. But please consider the risk management.
Entry: 2614
SL: 2608.4
TP1: 2619.8(1:1RR)
TP2: 2630.8(1:3RR)
TP3: 2641.45(1:4.9RR)
TP4: 2658.1(1:7.9RR)
26 Nov - BuyI believe the market will recover to key levels near 2660. With the right conditions at this level, we should have further bearish movement to near 2540
GOLD RISKY LONG|
✅GOLD will be retesting a support level of 2604$ soon
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
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Gold 1H Intra-Day Chart 25.11.2024Here is what I am looking for next;
Gold prices dip lower $2,602 - $2,590 zone as prices are overbought.
Gold chart viewGold chart view:
sustain 2685 then will see good buy in gold...
2670 will be immediate support...
Charts for Educational purposes.
Thanks,
V Trade Point
GOLD - Potential for Correction Wave CGold is nearing a completion of Wave B. We need to wait for rejection to confirm the start of Wave C. Overall, the Bullish momentum has been very strong due to ongoing conflicts however as we approach end of year, we may see a stronger dollar due to profit takings. Trump is also coming in Power in Jan 2025, so this will give a Bullish momentum to Dollar as well.
If the Above Resistance level is broken, then this analysis will be voided and we should see Bullish move on Gold.
For entries, please wait for at least two candle reversals at the specified level and apply appropriate risk management.
If you found this analysis helpful, please consider boosting and following for more updates.
Disclaimer: This content is for educational purposes only and should not be considered financial advice.
XAUUSD H4 It seems that gold will be able to close the week with a clear positive, so we look forward to buying from the 2630 level.
The stop is the closing of the 4-hour candle below the 2615 levels.
First target: 2700
Second target: 2716
Third target: 2762
Fourth target: 2793
Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
Bearish reversal off 61.8% Fibonacci resistance?The Gold (XAU/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level.
Pivot: 2,642.32
1st Support: 2,591.17
1st Resistance: 2,708.30
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GOLD WEEKLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone,
Great finish to the week clearing all bearish targets across all our multi timeframe chart ideas and also allowing us to buy dips from our weighted levels.
This is the weekly chart we have been tracking for over a month now and also shared on Sunday.
This chart played out perfectly with the correction into the retracement range. The channel top and the retracement range are good areas of support for a reaction. However, this weeks close will confirm if we see a candle body close below the retracement range, which will open the swing range and ema5 cross and lock will further confirm this.
We will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.
The new week will likely have a detachment above on the weekly candle so some retracement to the detachment above when created is also likely.
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Today market overview must check Hello guys! today I'm going to show you my simple entry &exit strategy. As we were seeing in previous days a strong supply zone near 2700 and then we saw how aggressively market broke it and market is consistently going down will find for sell entry, and now there is also a demand zone near 2550 So I am looking for here a sell entry my target🎯 will be 2500
Thanks
Gold : The fundamental context and goals have both changedOANDA:XAUUSD a local downtrend channel breakout damages sellers. The fundamental background is changing despite continued USD buying and a generally risk-off environment, which is overall positive for gold as a safe-haven asset in times of crisis.
The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities.
Despite the optimism for the USD, gold prices remain resilient and benefit from the escalating geopolitical tensions between Russia and Ukraine.
Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions are likely to consolidate for sellers before further strengthening.
Technically, gold has every chance to test the boundaries of the previously broken channel, but based on fundamental news and technical factors, we can conclude that further growth may continue.
Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
The Secret of Market Price Movement What is SMC (Smart Money Concepts)? – A Deep Dive into Market Logic
Have you ever wondered why the market reverses just when it looks like it’s trending? Or why your stop-loss always seems to get hit before the market moves in your favor? If these questions resonate with you, SMC (Smart Money Concepts) might hold the answers.
1. What is SMC?
SMC is a trading methodology based on the idea that financial markets are not purely driven by supply and demand. Instead, they are manipulated by Smart Money—banks, institutions, and hedge funds—who control price action by targeting liquidity in the market.
These institutions capitalize on retail traders’ mistakes, such as poorly placed stop-losses or impulsive trades. By understanding SMC, you learn to align yourself with the movements of Smart Money instead of falling victim to their traps.
2. Core Principles of SMC
• Markets Are Not Random
Markets are influenced by the IPDA (Interbank Price Delivery Algorithm), which engineers price movement to create liquidity and drive market cycles. This algorithm exploits traders’ emotions—fear and greed—to guide price action.
3. How Does SMC Benefit Traders?
By mastering SMC, you can:
1. Identify Smart Money’s Liquidity Targets
• Look for areas like previous highs/lows, order blocks, and inefficiencies where price is likely to react.
2. Avoid Being a Liquidity Target
• Learn how Smart Money hunts stop-loss orders and how to place entries and exits strategically.
4. Why Choose SMC Over Traditional Analysis?
Unlike conventional technical analysis, which relies on patterns and indicators, SMC focuses on the manipulative nature of markets. It helps traders understand the “why” behind price movements and positions them to trade alongside the institutions, not against them.
5. Where Can SMC Be Applied?
SMC is versatile and applicable across all markets—forex, stocks, commodities, and even cryptocurrencies. It focuses on the logic of price action, making it adaptable to any instrument with measurable price movement.
SMC is not just a strategy; it’s a mindset shift. It teaches traders to move from a retail perspective to an institutional perspective by analyzing price action and liquidity.
Align yourself with Smart Money instead of being their target.
Gold: Structure change ... The focus is the speech of the FedHello, dear friends, Ben here
Gold prices are surging strongly after breaking through the resistance channel at 2650, as investors turn to this safe haven amid heightened geopolitical uncertainty due to escalating Russia-Ukraine tensions.
It’s evident that geopolitical tensions have heightened interest in safe havens, including the yellow metal. However, this inverse correlation has resurfaced in recent weeks, and the strength of the dollar is likely to hinder gold's momentum moving forward.
All eyes are on several Fed officials scheduled to deliver speeches this week. Market expectations for a December rate cut have dropped significantly, with current odds at 55.7%, down from 82.5% just a week ago.
From a technical perspective, gold has confirmed a trend and shifted sentiment, giving us a major movement to follow in shaping our trading decisions. A false breakout around the local resistance level at 2643 is forming. Price consolidation above this area could trigger further bullish momentum. However, I haven’t ruled out the possibility of a fake move around 2622 to accumulate before a stronger rally.
What are your thoughts on this?
GOLD M30 TECHNICAL INSIGHTBULLISH OUTLOOK :
GOLD price are expected to rise from resistance levels at 2622 and 2618 , as continueasly droping today , we will try for buying opportunity.
TECHNICAL ANALYSIS :
on the technical front, gold is selling all day , all the indicators I use tells selling , we try technicals as we do.
SNR
key level for GOLD are at 2620 and 2618 ,while resistance levels for GOLD are now at 2660 and 2670.
TRADING STRATEGY :
based on our analysis ,we recommend a long position in gold targeting a move towards 2650 and 2670. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.
BEST WISHES TOM 😎
XAUUSD Trade Update: Opportunities Ahead!Hey Guys, here's the latest update on XAUUSD.
We've had a solid run with gold recently, although we faced a small loss yesterday. Don't worry, though—there are plenty of opportunities coming up!
Update :
XAUUSD has broken through the channel and is currently testing the resistance level.
Trend :
In the short term, the bearish momentum is weak. However, the long-term trend remains strong, so we shouldn't go against the overall market direction.
Scenario :
At the moment, XAUUSD is testing the 2643 midrange as resistance. If it breaks back above this level, as indicated by the arrows on the chart, I’ll re-enter the trade and go long. My first target will be 2710, and the second target will be the higher range at 2790.
First Target: 2710
Second Target: 2790
Stay tuned for more updates and follow along for the next moves!
Gold trade idea 25/12 / 24Asian saw us have a pullback to start the week of c600 which sounds large until you factor in last weeks gold candle closed bullish around 1,500 pips due to new fear uncertainty and doubt surrounding Ukraine/Russia. And so a 50% correction was expected.
That does now however give us a 500 pip range to play with back to the Asian highs of c2722.
Trade ideas:
Buys:
- 2676
- 2686
-2697 and 2707 with the overall take profit being 2715
Bias would only change to bearish if we saw a break and close on the 30 or higher below 2655.
Please also take into consideration Thanksgiving and the end of the month which can cause extra volatility.
For 121 coaching DM me - Happy Trading
