XAUUSD:29/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2700
Four-hour resistance 2760, support below 2733
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The upward trend channel support is near 2735-38. It is our opportunity to arrange long orders near this position. The upper pressure opportunity is 2758-2762. At present, shorting in such a market is only a small decline and accumulation of momentum. Wait patiently for the key point to enter the market.
BUY:2733near SL:2730
BUY:2739near SL:2735
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Goldlong
Perfectly achieved goal 2757The market is crazy.
After buying gold at 2741 price. Had a good nap. Hit the target directly.
I think there is nothing more pleasant than this. Is it because yesterday's market fluctuations were too stable, so today I was given a small surprise in advance?
I believe many people have seen the quick trading strategy I posted and bought it. That is worth toasting.
This is the fast trading strategy.It is a beacon on the road.It guides you in the direction and allows you to see the road clearly in the dark night.
OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD BITSTAMP:BTCUSD COMEX_MINI:MGC1!
Gold Price Analysis October 29Fundamental Analysis
Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious metal. Moreover, falling US Treasury yields kept US Dollar (USD) bulls on the defensive below the highest since July 30 touched on Monday, also supporting the commodity.
That said, bets for a less aggressive Federal Reserve (Fed) easing policy, coupled with concerns over deficit spending after the US election, should limit the downside in US bond yields and the USD. In addition, the underlying bullish tone in the global equity markets is keeping a lid on Gold prices. Investors also seem reluctant ahead of the key US macro releases this week - including the Q3 Advance GDP print, Personal Consumption Expenditures (PCE) Price Index and Non-Farm Payrolls (NFP) report.
Technical Analysis
Gold has almost reached the ATH zone today. A break of 2757 will see a price of 2770 soon. With the possibility that when the European session starts, if the price fails to break the upper band, it can push further to lower zones. 2742 is the first buy zone in the sclalping zone but it will not have as much value as the session port zone around 2725. Pay attention to the price zones to have favorable trading strategies.
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election.
⭐️Personal comments NOVA:
Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2755 - $2757 SL $2762
TP1: $2748
TP2: $2740
TP3: $2730
🔥BUY GOLD zone: $2717 - $2715 SL $2710
TP1: $2725
TP2: $2733
TP3: $2740
⭐️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
Gold short-term day trading plan.From the trend point of view. Compared with long and short positions, the bulls are still slightly stronger. So the operation is still mainly based on low buying.
The intraday trend maintains high fluctuations. The amplitude is about 15 US dollars. But it finally returned to the high level in the New York market, which is enough to prove the strength of the bulls.
At present, the gold price is maintained at the 2741 line. The analyst of the fast trading team said that in the short term, it can be maintained at a low buy below the price of 2735. Whether the pressure of the upper 2760 line can be broken. If it breaks through, continue to go long. If the pressure is very high. Then short selling at high levels can be maintained in the short term. Short selling at a high level. (This view is for reference only) Specific transactions are mainly based on real-time notifications.
There was no loss in trading failures on Monday. Others look at the record by the winning rate. I only measure the record by the losing record.
The fast trading strategy is tailored for: novices. Trading losses, those who want to expand profits but do not expand profits, and those who are unclear about the direction and do not know how to analyze the market. If you are also. Then you can try to change your trading style with fast trading strategies and get rid of those hateful labels. OANDA:XAUUSD CAPITALCOM:GOLD BITSTAMP:BTCUSD NYMEX:MCL1! BINANCE:BTCUSDT
Gold Out lookWe have a mixed overview on gold as todays market opening has gone against our anylisis but as i always say no one is perfect in this market there is a probability Rati in this game so we are still bullish over gold but as gd is moving in a Minor 1H channel and has is consolidating in the channel we will be looking for buys when the pair breaks the channel above and currently its moving to its 4H Support level if price rejects the level and moved back and breaks above the newely formed resistance level of 2740-44 we will seek a bullish position as the price is consolidating we are bearish to 4H Support
10.29 Gold Short-term Professional Operation AnalysisLast Friday, the gold price generally showed an upward trend. The highest price rose to 2747.56 on the day, and the lowest price fell to 2716.9, closing at 2746.25. Looking back at the details of the gold market performance last Friday, the price was suppressed by the four-hour resistance position during the early trading, and then it was under pressure to go down as expected, and then it stopped going up again after falling in the European session, and the US session rose strongly again, and finally ended with a big positive state on the daily line. At present, gold is still above the daily support of 2692, so it is still more band-oriented for the time being. At the same time, the price in the four-hour period continued to fluctuate in the range of 2710-2758.5, with the middle position in the 2730 area, so the price in the range focuses on selling high and buying low. Considering the overall bullish trend, the focus is on the subsequent upward trend in the range, and the price will continue after breaking the range.
Intraday operation:
Gold 2719-20 range is more, defending 10 US dollars, target 2730-2750
Buy Gold Scalping ideaI am buying gold as we're hitting a support resistance (drawn following the 1h and 30min timeframes).
Price action seems to show that price is reversing, it might go back for the next 30 min candles.
I am placing a limit buy order on the second support zone.
I have used price action, bollinger bands, and support and resistance for this trade.
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly.
The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate.
1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40.
2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction.
3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing.
Intraday thinking plan:
BUY:2715 SELL:2740
GOLD OPENING GAP AND NEXT MOVE!On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above $2750. A well-managed long position in this scenario could yield a profit of 100-200 pips.
2731-2725 Short Sell,SELL XAUUSD
Overnight gold prices continued their bearish trend again, and the fast trading strategy members made another good profit.
Trading is like this, buy in a bullish trend and sell in a bearish trend, so as to earn the difference and make a profit.
Don't miss the deal in hesitation. I said this a month ago. Now is the best time to trade the market. Trading is a place to experience risk, passion, and thus expand profits. Whether you are a novice or an old hand, you will have different gains.
This week, most members of the fast trading strategy have achieved a profit of more than 168%. A few are less than 80% due to the time of joining the group. In addition to accurate market analysis and strict guidance, all members have achieved different levels of profit.
This is the result I want to see. This is also my original intention.
Today is the last trading day of the week. The market may not be particularly volatile, but there are still opportunities to expand profits and recover losses. If this is you, don't hesitate. The strategy of the Fast Strategy Group is definitely suitable for you. Whether you are a novice or an old hand.
Supplement. Today's trading market is mainly short at a high level. The trading strategy notified in real time by the fast team is the main one.
Did you follow the low position to buy yesterday?
If you didn't follow. It's a pity, you just missed the profit of more than 20 points.
After the big drop yesterday, it rebounded overnight. And I just announced the fast trading strategy. The market development trend is consistent with my fast trading strategy, and the target is 2725-2740. The obvious pressure is 2735-2740. At present, the increase in the Asian market and the London market is almost the same. There is a big upward pressure in the short term, so we will not buy. Selling is the main thing.
A head and shoulders posture is also formed above. Whether you have large funds or small funds, you can make money by selling gold prices.
The 2735-2740 range is mainly short-selling.
tp2724-2714, you can close it at any time when the profit reaches your expectations.
OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
USDCHF BuyUS Dollar VS Swiss Franc is in a Bullish trend as US dollar has gained power and swiss franc price declined we are expecting a rally upwards in USDCHF pair the confluence is price is making higher highs and higher lows on H1 time frame and price is moving in a wedge pattern which make price confluence as bullish so we bullish over gold as currency strength also powers up our anylisis
EURUSD Sellas we were bearish last week and now still this week too we are bearish although we have NFP pending this week if data goes into favor we will have a rally downwards and profits will be taken
we have some bearish confluences over the pair which are lined up as
Confluence
EUR vs Dollar is in bearish trend from Monthly to weekly to daily to H4 to H1 we are all bearish
the pair is making Lower highs and Lower low formation from last week and has completed its retracment and am waiting for BOS only we will go bearish over it
Geo politics is also a factor for EUR to be bearish All currencies are affectee of this Situation
we will be bearish this week and let the price play if any change in price character is seen i will be mentioning that into my analysis
DOW JONES - Short from bearish OB !! Hello traders!
‼️ This is my perspective on DOW JONES.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
Like, comment and subscribe to be in touch with my content!
10.27 Weekend Summary: Gold Wins BigIn last week's gold profit plan, the brothers of the team showed their professional strength. They perfectly predicted the trend of gold in every gold transaction, which made the profit plan for members perfectly completed last week. The total profit was 55K+ USD. Thanks again to the brothers of the team for their efforts and the trust of the members. Finally, I wish you all a happy weekend.
Gold Out LookAs we had a rally upward last week and got tons of Profits following Technicals as well as this week is concerned still bullish in GOLD
Confluences
Price is following a bullish channel and show some rejection from channel last week
50 SMA on H1 is also bullish
From Monthly to weekly to daily to H4 to H1 to M30 to M15 gold is all bullish
Geopolitical situations are also in favour of Gold price as Iran and Israel tension has escalated last week closing we can see a rally upwards
So gold is bullish and we are too bullish on Gold if Price breaks above 2752 level of previous ATH it will go bullish to its physiological level
Gold's Record Rally: Safe Haven Amid Global Uncertainty💹 Geopolitical Tensions Driving Demand
Gold prices are soaring, hitting historic highs as geopolitical instability, notably in the Middle East, keeps pushing investors toward safe-haven assets. Escalating conflicts, such as tensions involving Israel and Iran, are solidifying gold’s position as a hedge against uncertainty, with current levels above $2,080 per ounce.
💰 Federal Reserve Policy & Rate Cuts on the Horizon
The Federal Reserve's expected rate cuts, ranging from 0.75% to 1% by the end of 2024, will likely sustain gold’s upward momentum. As these cuts make interest-bearing assets less attractive, gold could see further gains, with analysts forecasting potential prices of $2,300 by year’s end if economic challenges persist.
🌍 Market Trends and Supply Constraints
Strong futures and ETF activity is also supporting prices as global demand grows. On the supply side, production issues in major mining regions like Australia and the U.S. are adding to the bullish case for gold, creating a “perfect storm” for long-term price support.
📅 Key Events to Watch:
- Federal Reserve’s next rate decision (mid-November)
- Ongoing geopolitical developments in the Middle East
- Year-end inflation reports impacting central bank strategies globally
With a mix of economic and geopolitical tailwinds, gold’s trajectory looks bullish in the near term. For a deeper look into gold’s macro environment, keep this post handy as these developments unfold! 🚀
Xauusd sell confirm signal weekly chart Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum.
From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders pattern on short-term charts. The neckline support of the said pattern is pegged near the $2,705 region, which should now act as an immediate strong support. Some follow-through selling, leading to a subsequent fall below the $2,700 mark, should pave the way for deeper losses and drag the Gold price further towards the $2,675 support. The downfall could extend further towards the bearish pattern target near the $2,660 area.
Gold now sell 2747
Support 2715
Support 1701
Resistance 2757