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Goldlongsetup

Perfect Time to Buy Gold! Morning Star Signals Further UpsideGood morning, everyone! A new day, a new opportunity! Yesterday’s trading brought us solid profits, and today we aim for even more gains. In the current gold market, I believe buying is the optimal strategy. In the short term, gold is likely to rise before a potential pullback. What’s behind this view? Take a look at the 30-minute chart: gold has successfully broken through the MA60 resistance and has formed a “morning star” pattern—a strong bullish signal indicating increased upward momentum. If MA60 can hold as support, gold is expected to rise to around 2745, possibly even reaching 2750.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results. Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Clear Outlook for Gold Rebound: Bulls May Retest 2753At today’s opening, gold formed a long lower shadow, indicating that support remains intact. Currently, the MA5 is undergoing a shift from support to resistance, which, if successful, could signal a short-term bullish trend and a potential move higher. I expect gold to approach the MA60, around 2745, followed by a pullback to retest the MA5 to confirm support, potentially reaching 2753. Thus, buy orders placed on Friday may see profits today. However, as we approach the New York session, gold may encounter downward pressure. The daily chart shows a notable bearish divergence, suggesting a long-term trend shift. Barring a major bullish catalyst, this divergence may only resolve through further declines or consolidation. Iran’s possible retaliation could serve as a pivotal event. Meanwhile, tomorrow’s U.S. election is expected to bolster the dollar, potentially adding pressure on gold. Today’s strategy favors buying, but attention should shift to selling opportunities tomorrow.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone! Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight. As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740. Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand. After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Gold (XAU/USD) Technical Analysis Update – 31 October 2024Gold has displayed impressive bullish momentum, recently reaching an all-time high of 2790.120 on October 30, 2024. This significant level was achieved just one day after breaking through previous highs at 2758.52 on October 29. With this aggressive upward trend, Gold continues to showcase strength in the face of global market uncertainty, signaling strong demand. Analyzing the 1-hour timeframe, we observe that the price is trading within an ascending channel pattern. This setup indicates a steady upward trend, with the potential for price pullbacks that may create new higher lows along the way. This pattern suggests that Gold is likely to continue its upward movement after minor corrections, with the next key resistance level in sight at 2800.000. Traders should monitor this level closely, as a break above 2800 could indicate further bullish extension. However, it's crucial to watch for any pullbacks that may test previous support levels within the channel, presenting potential buying opportunities. Trade safely and stay wise! Always ensure your risk management strategies are in place. Gold’s high volatility can bring both significant gains and risks. Stay updated, stay prepared, and may your trades be profitable.
OANDA:XAUUSDLong
by TeptForex
1
XAUUSD: Based on Previous Analysis! **XAUUSD: 1-Hour Chart Analysis** Hello Traders, Based on our previous analysis, we had expected prices to reversed from our designated buying zone. And price did that exactly, reversing from 2625 which took the price towards 2771. Where we have seen some resistance. We still are very much bullish on Gold. Next targets are 2800$ and then 2900$ as followed. Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character. The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signalling a strong bullish sentiment. Traders with open buy positions may consider holding them. The market opened with a sell side gap on Monday, which does not invalidate our entry at all. Currently, the price is 400+ pips in the green. I recommend closing half of the positions.
OANDA:XAUUSDLong
by Setupsfx_
6
10.24 Gold fluctuates upwardThe price of gold fell below the moving average and now began to fluctuate. The upper side was originally at 2755, and the lower support was at 2713. You can buy low and sell high. Yesterday evening, the price fell quickly and found the support of 2713. When the price of gold retreated, you can buy on dips. In terms of the day, the sharp drop in the rise can be alleviated, but whether it can change direction depends on the continuation. Only if the sharp drop continues can it be the top. The focus is on how many bulls are above 2740. Only if the price rises in a cycle in the morning, it fell back twice in the early morning yesterday, and the watershed was 2709. Today's data: Number of initial jobless claims in the United States as of October 19 (10,000 people) Today's focus is whether the daily line will be negative or positive when it fluctuates. In terms of rhythm, the European session is still the focus. If we look at the continued retreat, then pay attention to the watershed 2735, which is the empty point. Remember, once the watershed continues to break, then this high point will be formed in the short term, and there will be opportunities for the mid-term in the future. But no matter what, there is definitely not much room for bulls above the risk area, and it is not recommended to make a layout. Resistance level 2735 Support level 2715
TVC:GOLDLong
by David_strategy
1
Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
GOLD Explodes Past All Targets – Massive Gains Achieved!The long trade on GOLD entered at 76195 has surged with incredible momentum, hitting all our profit targets. The current price stands at 78375, confirming the strength of this bullish run. Key Levels Entry: 76195 – Long entry made as the uptrend was confirmed. Stop-Loss (SL): 76062 – Strategically placed to manage downside risk. Take Profit 1 (TP1): 76358 – Successfully reached, signaling the first leg of the rally. Take Profit 2 (TP2): 76622 – Continued bullish movement hit this target. Take Profit 3 (TP3): 76887 – Strong momentum allowed this target to be met. Take Profit 4 (TP4): 77050 – Final target achieved, capping off a solid bullish trade. Trend Analysis The price has maintained consistent support above the Risological dotted trendline, affirming a robust uptrend. The consistent climb from TP1 to TP4 highlights the power of this movement, with all targets now realized.
MCX:GOLD1!Long
by ProfitsNinja
WEEKLY FOREX FORECAST OCT. 14 - 18th: GOLD | XAUUSD Gold is still bullish, and BUYS are still the best bet. There is the potential for an overdue retracement, but I suspect it will be limited. The formation of a +FVG will support higher prices, and we may get that on Monday's close. Patience.... Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
Golden opportunity for gold! The Fibonacci channel has been drawn, and Elliott waves can be observed on the chart. Currently, the price is in the fifth Elliott wave. We have two scenarios for the future of gold: 1)The first scenario is a bullish scenario. Given the geopolitical tensions and conflicts between Israel, Iran, and Lebanon, as well as China's threats against Taiwan, which have all contributed to a further increase in gold prices, if these trends continue, it could complete wave 5 at the 1.414 level of the Fibonacci channel. 2)The second scenario is a bearish scenario. If we witness a hawkish stance from the FED or a reduction in geopolitical tensions, then we should expect a price reversal from the previous high of 2687. In this case, the 0.618 Fibonacci channel level would serve as strong support. Considering the geopolitical tensions, I believe the first scenario and a breakout above the previous high are more likely. In that case, we should watch for a breakout above the previous high and then enter a long position after confirmation.
OANDA:XAUUSDLong
by Market-Analyzer
WEEKLY FOREX FORECAST SEPT 7-11th: GOLD | XAUUSDGOLD | XAUUSD is in consolidation currently. I am waiting for it to touch down at the Weekly +FVG and move higher. I'm interested more in long setups versus shorts. Patience usually pays, so I wait and watch for valid setups to form this week. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
2
Gold: Calm Market Expected: Focus on Short Positions Yesterday's trades were very successful. I bought at 2552 and closed at 2578, then sold at 2588 and closed at 2572, resulting in solid profits. It's Friday, and with no significant news scheduled for release—aside from uncontrollable events like natural disasters—the market should remain calm today. A $20 range would already be considerable movement. An upward move is unlikely. On a day like this, relying purely on technical patterns, a breakout above 2600 is a pipe dream. Instead, the probability of dropping to 2572 is much higher. So, the strategy for today is to focus on selling. There's no need to consider bullish trades.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
1