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10.24 Can gold reach a high level?On Thursday (October 24), gold prices partially recovered, continuing the previous upward momentum. After a brief correction on Wednesday, spot gold once again broke through the $2736-2737/ounce area, and then narrowed its gains to 0.66%. It is currently trading around $2733, up about $18/ounce on the day. Thanks to the weakening of the US dollar and the decline in US bond yields. In addition, the uncertainty in the Middle East and US politics has also increased the market's demand for safe-haven assets, further boosting the attractiveness of gold. From a technical perspective, there is a certain downward pressure on the short-term trend of gold prices. According to the technical chart, the upward trend line of gold was broken on Wednesday, indicating that the market may have a further correction in the short term. If gold prices cannot remain above the support of the $2730-2732 range, they may face greater downward pressure. The first target is the $2700 mark. If it falls below this level, the next step will test the intermediate support of $2685, and may even fall to around $2670. If gold can hold the key support level of $2,730 and successfully break through the recent resistance level of $2,750, the market will re-enter the upward channel. At that time, the price of gold is expected to challenge the high point of the $2,770-2,775 range again, and may even further attack the psychological barrier of $2,800. In terms of technical indicators, the oscillator on the hourly chart shows a certain callback signal, indicating that there are still opportunities for short sellers in the short term. However, given the current geopolitical and macroeconomic uncertainties, the strength of short sellers may be limited.
TVC:GOLDLong
by David_strategy
1
Buy XAUUSD at a low level. Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours. Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure. Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent. Trading Plan: Buy Zone: 2711-2708 Take Profit: 2725-2740 Stop Loss: 2700 For those unfamiliar with trading, please stay updated on real-time trading strategies. CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by George_parse
1
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
10.23 Will gold turn around? Bearish view 2760In the early Asian session on Wednesday (October 23), spot gold fluctuated narrowly at a high level and is currently trading around $2,750.98 per ounce. Gold climbed 1% on Tuesday, shaking off the impact of a strong dollar and U.S. bond yields, reaching a high of $2,748.87 per ounce, setting a new record high again, closing at $2,748.86 per ounce, as the uncertainty of the U.S. election and the war in the Middle East stimulated safe-haven demand, and expectations of further monetary easing magnified the rise in gold prices. Yesterday, gold did not continue to adjust. It broke through 2740 and is currently running at 2745. Obviously, the single-day high and fall did not cooperate with the next day's big Yin, and the short-term has not yet peaked. Yesterday's closing was barefoot Yang, suggesting that there is still inertia to rush up, so the upper track 2765 pressure will be tested again. There is no need to chase more at this time. The follow-up rise of silver and oil suggests that gold is close to the stage of adjustment. There are not many fundamental data recently. Even if there is before the election, it is fake. At the same time, the US dollar, gold, and US stocks are all rising at the same time. Obviously, it is peaceful. In fact, the biggest news is the BRICS meeting. This is a step to whether the payment system can abolish the US dollar settlement. Of course, at this time, the US dollar remains strong in order to compete for the status of international capital settlement. Therefore, there is no shock decline after the interest rate cut, but it has risen strongly since the interest rate cut. There are election reasons and suspicions of manipulation behind the scenes. I have always said that no matter who is elected, the US dollar must remain strong to cater to the essence of plundering global wealth. The two sides are talking about topics again, just for the election, but whoever is elected will remain essentially unchanged, so it is rare for gold to follow the strength of the US dollar at this time, so there is no need to chase the rise. Resistance: 2760---2765 Support: 2700---2650
TVC:GOLDShort
by David_strategy
1
10.22 Gold intraday short-term operation guideYesterday, we entered the US market at 2715 and entered the long position, making a profit of 18K. Yesterday, in the technical points, as long as you are bullish, you can follow. 1. Cyclic rise in the morning, this is the case in the extremely strong market. Everyone is bullish, and basically there is no retracement. If there is a retracement, it will not rise. 2. The second rise in the afternoon, the retracement position is slightly larger, but the morning rise in the strong market, the afternoon is expected to continue, one is not to break the morning low watershed, but to continue to break the European market. 3. Rapid bottoming and rebound before the US market, and 6-8 points of big sun. 10.22 intraday analysis: 1. Daily cross, the probability of this top cross is very small, and the continuous sun is still rising. The price has reached the 2740 risk area, but the shape is not enough, and there should be another high point. 2. In the strong market, the cross is seen, this is not the top, and the probability of today's shock is relatively high. It is still cyclical rising in the morning, and it is still expected to rise in the afternoon today, and it will fluctuate at a high level. 3. If you feel that the price is high, you dare not buy more. In fact, the acceleration is not enough. At least you need to force out the short positions. In terms of operation, it is expected to fluctuate today. Relying on the 2713 watershed, short-term long positions are expected during the day. Looking at the situation of the European session, the upper resistance is 2732-4.
TVC:GOLDLong
by David_strategy
1
10.22 Gold hits new highs, near 2710, longOn Monday (October 21), gold prices rose for the fifth consecutive trading day to a record high, while silver prices hit their highest level in nearly 12 years, affected by factors such as uncertainty in the US election, continued tensions in the Middle East, and expectations of interest rate cuts by central banks. Fundamental analysis: safe-haven demand supports gold prices The current global instability, especially tensions in the Middle East, provides strong support for gold. As a traditional safe-haven asset, gold usually attracts a lot of buying when uncertainty increases, especially when geopolitical conflicts continue to ferment. On the other hand, the market lacks the release of heavyweight economic data, and investors will pay attention to the speeches of several Fed policymakers this week. These speeches may have a significant impact on market expectations, especially in terms of monetary policy. If the Fed expresses its inclination to continue to maintain a tight policy, it may put pressure on gold prices. Conversely, any signs of easing will further push gold prices up. The situation in the Middle East continues to ferment Tensions between Israel and Iran are one of the main drivers of this round of gold price increases. The latest military action has further escalated the market's risk aversion. The US investigation into leaked documents has also added uncertainty. Gold naturally becomes a safe haven for investors in such an environment. In the short term, as long as geopolitical risks are not resolved, gold prices may remain high and volatile. Federal Reserve Policy Expectations With Fed policymakers about to speak, the market is closely watching their latest views on economic growth, inflation and monetary policy. Any hint of rate hikes or balance sheet reduction may change the market's expectations for future gold trends. Currently, gold prices remain high due to the interweaving of safe-haven demand and policy expectations. Technical analysis: The risk of a correction is increasing Gold bulls can break through the resistance level of $2,730, and gold prices are expected to test the psychological level of $2,750. $2,730 is currently a key watershed, and breaking through this level will greatly enhance gold's bullish sentiment and open up further room for growth. BUY: 2,715 Target 2,730----40
TVC:GOLDLong
by David_strategy
1
Gold Prices Surge to New Heights The weekend news cycle has once again ignited tension in the market, leading to gold prices hitting a historic high of $2732 at Monday's open, followed by a sustained increase of approximately 10 basis points. This trend aligns with my forecasts, and I anticipate that both the London and New York markets will continue to rise in the coming days. Looking ahead, gold prices are expected to reach new dimensions this week. In terms of trading strategy, I recommend employing a buy-low, sell-high approach, with particular attention to the critical levels of 2725 and 2712. Members utilizing rapid trading strategies should remain vigilant, as new strategies will soon be announced.
TVC:GOLDLong
by George_parse
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders, We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
OANDA:XAUUSDLong
by Setupsfx_
8
10.21 Gold Asian session longs,Gold did not fall back too much after the Asian session opened, and continued to rise steadily. Then the downward correction of gold would not be too large. If the correction was too large, it would mean that the rise of gold had ended. If gold fell slightly in the early trading, you could continue to go long. The 1-hour moving average of gold continued to diverge upward. Gold fell back to 2713 several times on Friday night and began to stop falling and rise. If gold fell back in the early trading, you could continue to go long first. Gold bulls continue to be strong, so gold bulls have not ended yet. Without a rapid upward surge, gold bulls will not end. Gold falling means continuing to go long.
TVC:GOLDLong
by David_strategy
2
Gold prices are about to usher in huge trading opportunities Today our fast trading strategy sold from high and bought from low. All of them generated different profits. I believe that the members who followed the fast trading strategy have gained something. Just like I told them. Although the chance of making money from trading is high. But you need to take action. If you don't take action. Then the chance for you is 0. The trading opportunity of the New York market is about to come out. If you don't want to miss the trading opportunity of the fast trading strategy group. Stay tuned.
TVC:GOLDLong
by George_parse
The 10.18 rally is not over yet and the highs will continue to bThe highest intraday rise was around 2714, and the new high was constantly being refreshed. Since the rise on Tuesday this week, the hourly line has basically rarely shown a negative line, and more of it has continued to close positively, and the overall rhythm is strong. After the morning rise, it turned negative and retreated after the afternoon trading. It was only two consecutive negative lines without much room to go down, so the US market continued to be bullish and continued to break highs! Below we will analyze the real data behind the recent economic data released by the United States, the European interest rate cut, and the impact of various factors such as the "Trump deal" on gold: First, the data released overnight showed that US retail sales increased by 0.4% month-on-month in September, higher than the expected value of 0.3% and the previous value of 0.1%; the year-on-year growth rate dropped to 1.7%, the lowest level since January. The US Census Bureau made the largest seasonal adjustment to this month's retail data in history. If the seasonal adjustment factor is excluded, retail sales in September actually fell by 7.5% month-on-month. Therefore, the data does not necessarily indicate an economic recovery. Even if the US dollar and gold have strengthened recently, it is based on risk aversion factors. In addition, some data values ​​released by the United States recently are greater than market expectations, which means that the US economy is not as bad as everyone thinks. However, after excluding some beautiful data, such as: child care is becoming increasingly unaffordable, the system is difficult to operate, high medical costs and energy prices, etc., the market environment still has downside risks. Secondly, the European economy is under pressure. The central bank has recently cut interest rates, and the euro has continued to fall, boosting the trend of the US dollar; at the same time, the widespread economic weakness also has a risk-averse effect on gold. Third, as we mentioned earlier, as the US election approaches, traders are gradually pricing in election risks, and there are signs that Harris, who had previously been strong, has been overtaken by Trump. The "Trump deal" has regained its previous popularity, and risky assets have been boosted. Finally, from the perspective of gold technical patterns: First, the stronger the market, the shorter the time for retracement correction, the smaller the retracement space, and the fewer times the negative lines appear. Since the price of gold started to rise from 2641 on Tuesday this week, especially from the 4-hour line, there have been callback K-line patterns in the process of continuous pull-up, but they are all single negative, and the entity is very small, and then continue to turn positive and rise; this is the recent trend of the strong pattern of gold prices. Secondly, from the rhythm of intraday operation, there was a horizontal correction in the morning, and then it rose directly. There were two consecutive negative corrections in the European session. The support near 2702 is the support position of the lower trend line, and it has not even reached the high point of 2696.50 in the US session last night, so don't wait for too low positions in operation. Thinking planning for the US session: Due to the strong market trend, there are no excessive corrections and adjustments, and the strong rhythm of the day, the upper space is expected to continue to be released in the evening, so sideways or retracement is an opportunity to go long. The lower support is 2702. Even if it retraces again in the evening, it will continue to rely on this bullish trend. The upper resistance is around 2722 and 2730. BUY: 2710 Target 2730
TVC:GOLDLong
by David_strategy
3
The fast trading strategy makes a big profit againDear friends, under the guidance of our rapid trading strategy, are you aligning with my recommendations? Many have successfully generated profits, and the bullish momentum remains robust. Following the buy-in range of 2702-2698 has proven fruitful, as the upward trend continues to perform well. This highlights the advantages of a swift trading strategy. I will continue to share upcoming trading plans, so stay tuned for more updates! OANDA:XAUUSD
TVC:GOLDLong
by George_parse
Gold hits new high, but has not yet reached its peakIn the unilateral rise of the 4-hour chart of gold with the middle track of the Bollinger Band as the critical point of the bulls, this forced short-selling slow rise will continue before the high-rise falls back and loses the middle track. The correction indicator sets a new high. The short-term Asian and European sessions are still dominated by low-long intraday, and the US session combines the pattern to reverse after the high. The rise is a setback. The key to high-altitude low-long is the entry point. At present, the rising trend line and the support of the middle track overlap at 2670-2675. It is also the low point of the retracement last night. This position is today's defense point. The Asian session retreats to 2683-2680 and first defends 2672. The target is 2700-2705. After the high, combine the hourly chart pattern to close the bag in time. From a technical perspective, the overall technical advantage of gold bulls in December is strong in the near future. The next upward price target for bulls is to make its closing price above the important resistance level of $2,750. The next near-term downside price objective for the bears is pushing futures prices below important technical support at the October low of $2,648.90. First resistance is seen at today's all-time high of $2,712.70 and then at $2,725.00. First support is seen at today's low of $2,688.20 and then at Wednesday's low of $2,674.90.
TVC:GOLDLong
by David_strategy
1
Gold Prices Surge: A Golden Opportunity for Investors After a week of tug-of-war between bulls and bears, bullish forces have clearly outmatched bearish ones. Currently, after reaching a new high, gold prices have stabilized at the level of 2692. The ongoing geopolitical tensions show a certain degree of persistence. As a highly sought-after safe-haven asset, the rise in gold prices is merely a matter of time. After several hours of sideways consolidation, the gold market presents a new trading opportunity. Buying now is akin to picking up money; you just need to bend down. Recommended buying levels for gold are between 2690 and 2685, with a take profit target above 2703 and a stop loss at 2675. Investors interested in trading gold may find this information helpful.
TVC:GOLDLong
by George_parse
Clear gold buying price As mentioned yesterday, the upward trajectory of gold necessitates certain catalysts. Today, the influence of geopolitical factors has intensified, propelling gold to a peak of 2688. Concurrently, the latest U.S. initial jobless claims data was released, yielding a bearish impact that temporarily reduced gold prices to 2673, before a swift rebound brought them back to 2680. With the two primary news items now available, it's evident that bullish sentiment significantly outweighs bearish pressure, with substantial upside potential awaiting a breakout. The sustained appreciation of the U.S. dollar amidst geopolitical tensions further underscores the dual role of both gold and the dollar as safe-haven assets. Thus, until the geopolitical landscape stabilizes, a low-position buying strategy for gold remains prudent. Buy: 2670-2675 Sell: 2700 Profit margins should be managed according to individual risk tolerance.
OANDA:XAUUSDLong
by George_parse
Gold approaches historical highs, U.S. economic data becomes keyThe previous entity of the 4-hour cycle has been broken, and the gold price has been rising step by step, with new highs constantly, and it is necessary to take the previous high point in one round. The 4-hour operation is maintained above the moving average, and the trend is very healthy. In addition, from a structural point of view, the gold price first fell to the 2610 line, so the later stage is to break through the previous high, which is structurally a case of breaking without building. The daily line is still under double top suppression. If it falls under pressure, the double top pattern will gradually show its power, and gold will slowly weaken. Of course, there are data today. If gold directly breaks through the historical high, then gold will continue to rise. If it breaks through the historical high, then the decline will follow the trend and go long. If it does not break the historical high, then gold will continue to be short at highs below 2685 in the short term 1. The morning rise continues to test the 2685 high point without breaking, forming a morning force. 2. The current retracement, the watershed yesterday morning low of 2667, is also the stop loss position for long orders 3. The trend of the morning power is very important in the European session. It has been emphasized before that the earlier the European session breaks through, the greater the upward momentum. In addition, the more times the top is tested, the greater the probability of breaking, so if it goes up, it will break the high. At the same time, if this pattern continues to be long, we must pay attention to the European session. The price cannot go down the watershed. If it breaks, it will be volatile. Therefore, with the help of retracement, continue to be long, break the watershed loss, the upper target is 2688-90, break the European session, and the US session will look at the 2700 mark
TVC:GOLD
by David_strategy
1
Navigating Market Volatility: Strategies for Gold Trading In the New York market, profits from short positions near the recent high of $2,680 have been realized on two occasions. Similarly, profits from low buy orders have been observed. Currently, we find ourselves near the $2,675 level, where I have paused trading. Upon market opening, I anticipate a certain degree of downward movement, providing opportunities for gold price recovery. As mentioned previously, breaking through the recent highs requires greater momentum. Until this momentum materializes, I suggest maintaining a predominantly short position. Key factors to monitor include geopolitical developments and the release of initial jobless claims data in the U.S. this week, as well as any potential black swan events. Sell: $2,680 - $2,685 Buy: $2,660 - $2,665 Profit margins should be managed at your discretion. CAPITALCOM:GOLD OANDA:XAUUSD
CAPITALCOM:GOLDShort
by George_parse
Gold : Key Events to Watch for Breakthrough OpportunitiesGold prices are currently facing significant upward resistance, and breaking through historical highs requires specific market catalysts. Major economic data releases, shifts in geopolitical dynamics, and the upcoming U.S. weekly jobless claims report are all critical factors that could impact gold’s trajectory. Additionally, a substantial appreciation of the U.S. dollar may exert further pressure on gold prices. Therefore, in the short term, it is advisable to adopt a strategy focused on selling at high levels to achieve optimal profit targets. Sell Range: 2685-2680 Buy Range: 2660-2665 OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
CAPITALCOM:GOLDShort
by George_parse
Short-term gold peaks and continues to pull back, look at 2660Gold, washing up, the daily line turned positive and broke the high, and continued to rise. But in terms of trend, it did not rise directly, but bottomed out and rebounded, and continued to wash out. On the one hand, the price broke the low point of 2640 in the previous two days, and it was weak on the surface, but the European market rose strongly and returned to the opening of the morning. And the long orders were defended at this position price, and they had to be swept out. On the other hand, if you look at the breakout and fall, yesterday's rebound empty basically fell into the pit. Technical points: 1. It is not extremely strong, because it is bottoming out and rising, washing up. We expect it to be extremely strong, with a cycle in the morning, the European market rose vigorously, and the US market broke the high, but it bottomed out to the watershed in the morning. 2. The rising cycle at 10 o'clock in the morning has not been broken. It continued this morning. 3. The European market has a V-shaped reversal. If the European market reverses, the US market will be bullish. And yesterday there was also a position to follow: the US market rose the day before, and just at 8 o'clock it retracted the increase of 618. The same was true for the US market yesterday, just at 8 o'clock it retracted the intraday increase of 618. 4. The US market did not rise directly, but pulled back and forth twice, up and down, and continued to attack and close, still testing the bulls, which is a shock wash, not extremely strong. Intraday operation analysis: 1. The 10-point rising cycle rhythm still appeared in the Asian market. 2. The watershed 2658 line. 3. The more times the resistance level is tested during the rise, the weaker the resistance level. The higher the probability of breaking the high. Continue to pay attention to two rhythms:, The earlier the European market breaks through, the greater the probability of the US market breaking the high. The European market rises, pay attention to the cycle of these two days, the position and time point of the US market.
TVC:GOLDShort
by David_strategy
2
Short-Term Rebound and Conservative Short StrategyAfter shorting at 2668 yesterday, it dropped about 7-9 points to 2659. Then it started to consolidate sideways, which is consistent with my speculation in the short term. However, after the overnight gold price was affected by the news that "Israel's attack plan on Iran is ready", it continued to rise to 2683, close to the historical high. But the detailed events have not been updated. So will the war break out again? At present, the gold price is at 2678, and I continue to short. At present, there is still buying pressure near 2685. So the gold price will continue to be under pressure and fall in the short term. Of course, if the market releases "smoke bombs" again. I think the gold price will fall again and then rebound to test the upper pressure position. Short the gold price first, and then go long. sell:2683-2679 buy:2660-2665 Waiting for the arrival of the New York market.
TVC:GOLDShort
by George_parse
Gold fluctuates at a high level on 10.16, waiting for a pullbackGold has fluctuated at a high level in the past two days, and there are many resistances above. Don't chase long at high levels for the time being. However, the recent risk aversion sentiment has continued to support the rise of gold. Gold should wait patiently for a decline to go long. Pay attention to the resistance above 2680. The 1-hour chart of gold is now fluctuating at a high level. Gold fell to 2638 yesterday to bottom out and rebounded. In the morning, it was long on dips above 2638, and it can continue to go long when it falls back to around 2640; gold is not rising directly unilaterally now. If you go long, you must wait patiently for a decline. Don't chase long easily at high levels, otherwise you will be at a loss again after a pullback. Continue to pay attention to the historical high of 2685 resistance above. You can go short in the short term. At this strength, gold does not have the momentum to set a new high in one fell swoop. Gold longs and shorts are in a state of anxiety again; gold does not break highs, don't chase long easily, wait patiently for a decline opportunity, and follow up if it breaks through a new high directly. Operation idea: SELL: 2678 Stop loss: 2685 Target 2655--50 BUY: 2640, stop loss 2630, target 2660-2670;
TVC:GOLDShort
by David_strategy
1
Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial. OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
TVC:GOLDShort
by George_parse