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XAUUSD_LMAX trade ideas

Correction up for goldHi traders, Last week's price action of XAUUSD did exactly what I've said in my outlook. It continued to drop lower the whole week. Now we could see a (small) correction up to the higher Daily FVG and 38.2 fib. retracement. Let's see what price does and react. Trade idea: Don't trade. Or wait for a (small) correction down on a lower timeframe to trade (short term) longs. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDLong
by EduwaveTrading
1
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
OANDA:XAUUSD
by Goldviewfx
7
XAUUSD: Focus on 2556$ and 2609$XAUUSD: Technical and Fundamental Analysis (Daily Time Frame) Technical Analysis: Breakout and Retest of the Uptrend Channel: Gold price broke below the uptrend channel at $2609, signaling potential bearish momentum. A retest of the $2556 demand zone confirmed its strength as a key support. Bearish Scenarios: Scenario 1: Breakdown to $2280 If price pulls back to $2609 but fails to hold above $2556, a breakdown could lead to a crash toward $2280, the next major support level. Scenario 2: Lower High Formation If price rises to the resistance zone of $2672–$2680 and faces rejection, it may continue the downtrend, targeting $2475. Bullish Scenarios: Scenario 1: Breakout Above $2780 If price breaks above $2780 and sustains, it would invalidate the bearish structure. A higher high above $2788 could push the price toward $2956. Scenario 2: Consolidation Above $2556 Consolidation above $2556 could indicate accumulation, supporting a potential bullish breakout. Downtrend Structure: Despite the bearish outlook, no lower lows or lower highs have been confirmed yet, leaving room for price reversal or continuation. Fundamental and Geopolitical Analysis: Impact of US Political Landscape: Speculation surrounding Donald Trump’s potential election victory suggests a stronger US Dollar Index (DXY). A strong dollar could weigh on gold prices due to their inverse relationship. Federal Reserve Policy: With the Federal Reserve not cutting interest rates, higher yields on dollar-denominated assets may reduce gold's appeal. Geopolitical Tensions and De-Escalation: Trump's commitment to addressing conflicts (e.g., Israel-Lebanon, Iran, Palestine) could lower safe-haven demand for gold. Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Always perform your own due diligence before making trading decisions.
OANDA:XAUUSD
by FXNEWSCLUB
2
GOLD - Price can bounce up from support line to resistance levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 After price started to trades inside rising channel, it at once rose to $2730 level from $2610 level. Then price broke it and some time traded inside resistance area, where it made a gap and later grew to resistance line. Next, price turned around and started to decline inside falling channel, exiting from rising channel. In falling channel, Gold broke $2730 level and some time later reached $2610 level and some time traded near it. Recently price broke it and fell to support line of channel, but a not long time ago it bounced up. So, in my mind, Gold can fall to support line again and then bounce up to $2610 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
5
"Gold Takes a Dive: Market Signals Sustained Downward Momentum"Gold (XAUUSD) remains under pressure as it tests the resistance of a critical descending channel, with bearish sentiment prevailing due to significant global economic fundamentals. Key macroeconomic and geopolitical factors continue to shape market sentiment, reinforcing the challenges faced by bulls in establishing any meaningful upside momentum. ### **Geopolitical and Economic Backdrop** Market fears surrounding the Russia-Ukraine conflict appear to be slightly easing, with the potential for reduced geopolitical tensions. However, the spotlight remains firmly on the U.S. Federal Reserve, as traders anticipate key guidance from upcoming speeches and the pivotal December policy meeting. The Fed’s decisions regarding interest rates will likely serve as a crucial catalyst for future gold price movements, with traders eager to understand the central bank’s longer-term approach in balancing inflation and economic stability. ### **Technical Outlook: Gold Confirms Downtrend** From a technical perspective, gold continues to respect the boundaries of a well-defined downward-sloping channel, reinforcing a bearish bias. The current price action suggests that sellers remain firmly in control, with repeated failures to break key resistance levels highlighting the challenges for any sustained bullish recovery. A critical level to watch is **2627**, where a false breakout appears to be forming. Should prices consolidate below this resistance, it could signal a fresh wave of selling pressure, potentially targeting lower support zones. The nearby resistance levels of **2627** and **2643** remain significant hurdles for the bulls, while the key support zones at **2694** and **2560** offer potential downside targets if the downtrend persists. ### **Scenarios to Consider** 1. **Bearish Priority**: - The primary expectation remains further downside movement, especially from the **2627** resistance level or the upper boundary of the descending channel. - A failure to reclaim the **2627** level and subsequent consolidation beneath this zone would strengthen the bearish outlook, paving the way for a test of deeper support levels. 2. **Bullish Breakout Possibility**: - While the bearish trend dominates, an alternative scenario could emerge if gold manages to break above the **2643** resistance level. - A sustained breakout and consolidation above **2643** may open the door for renewed buying interest, providing an opportunity for the bulls to challenge higher levels within the broader trend structure. ### **Trading Implications** For traders, the descending channel provides a reliable framework for decision-making. Any rejection at the key resistance zones or failure to break above **2627** should be treated as an opportunity to align with the prevailing downtrend. Conversely, a decisive breakout above **2643**, supported by strong volume, would warrant caution for short positions and could signal the early stages of a trend reversal. In conclusion, while short-term volatility may present opportunities for both buyers and sellers, the overall trend remains firmly bearish. Monitoring critical resistance and support levels, as well as staying attuned to fundamental developments, will be essential in navigating the complex dynamics of the gold market.
OANDA:XAUUSD
by lonelyPlayer0
GOLD: Bulls regain momentum to charge ahead ?Hello Traders and Investors Gold has been largely bullish for the past weeks making new all time price highs unapologetically. From the start of November we started to see a significant retracement that was justified by a long over due brake on the pedals. In what seems to be a reversal Gold buyers have started to regain momentum as price broke out of the 4H downward trendline together with the 4H demand zone where selling pressure failed to hold. After which we saw a bounce on the 4H demand zone which is a strong indication of bullish momentum. Trade idea There is a high probability price will continue to rise, take profit targets for short to medium term buyers can be set for 2710.971 Please don't forget to like, share and follow for more content. Thank you
OANDA:XAUUSDLong
by Tadiwa_Bryan_Musere
Gold to dominate once again due to geopolitical tensionsThis week, we have witnessed Gold Choch to the upside due to escalating geopolitical risks.Sentiment turned sour following Putin's nuclear doctrine approval and mixed signals from Russian officials. Market players seeking safety flock to the golden metal, which has risen above $2,600 after dipping to a two-month low of $2,536. Thus, I am anticipating once again that the Bulls will step in and drive the metal.@around @2680zone before retracing and testing that area and once again the bulls will dominate and drive the metal to my @2730 handle but the aggressive traders can trail the metal to my unmitigated liquidity zone @2770 @1st tp 2680 @2nd Tp 2730 3rd aggressive move tp @2770 that's my theory for the remaining few days of November
TVC:GOLDLong
by que
Gold: Uptrend to continue from 2650...Hello everyone, Tom here! As I predicted earlier, gold is becoming more attractive after the dollar entered a consolidation phase... currently at $2657. Accordingly, expectations of additional stimulus measures from China also supported the growth of the metal's price. The focus this week remains on the Fed's speech after signals that tensions in the Middle East are easing a bit. From a technical perspective, gold investors need to watch the range around $2650. Because Since the opening of the session, the price has increased quite strongly, which increases the resistance to stop this increase at the next resistance level. I am assuming its formation With wave 5 and the priority is to target profit taking at 2685 - 2700 respectively.
OANDA:XAUUSDLong
by TomtradeFX
2
XAU ! 11/ 21 ! SCALPING Gold price still increasesXAU / USD trend forecast November 21, 2024 ! SCALPING Anticipations that US President-elect Donald Trump's proposed tariffs could drive inflation higher and reduce the Federal Reserve's (Fed) ability to lower interest rates continue to support elevated US Treasury yields. Combined with a generally upbeat risk sentiment, this could deter traders from making aggressive bullish moves on XAU/USD. Attention now shifts to upcoming US macroeconomic data and Fed commentary, which are expected to offer fresh direction for the precious metal. Long term frame, the uptrend still has great buying power. SCALPING short term frame to find a good BUY entry point /// BUY XAU : zone 2646-2643 SL: 2640 TP: 40 - 80 - 150 pips (2658) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy