XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,757.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,755.30.
Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Goldprediction
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
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
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it.
This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars.
Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise.
On the contrary, if it closes below 2735-2740, there may be adjustments.
For the day, I am more optimistic about buying at low levels and bullish
GBPUSD plan analysis week 44🌐Fundamental Analysis
In the absence of high-impact macroeconomic data and fundamental drivers, GBP/USD may react to changes in risk sentiment on Monday. On Wednesday, the UK government will present its Autumn Budget. The US economic calendar will also feature important data releases in the second half of the week.
The US Bureau of Economic Analysis will release the first estimate of annualized Gross Domestic Product (GDP) growth for the third quarter on Wednesday and release the Personal Consumption Expenditures Price Index (PCE) figures for September on Thursday. Finally, the US Bureau of Labor Statistics will release October labor market data on Friday.
🕯Technical Analysis
GBPUSD is trading within a bearish channel, and to break out of this channel, GBPUSD must trade above 1.3000. The areas of interest for next week are 1.31000 and 1.28200. This is the trading range for the week. Next week there is Nonfarm news pay attention to the further port area at the further support resistance area around 1.322-1.270.
GBPUSD entry analysisGBPUSD Analysis
After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency.
The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week.
Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day.
Technical Analysis
GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
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 Price Analysis October 28Fundamental Analysis
Gold prices edged lower to near $2,735, snapping a two-day losing streak in early morning trading in Asia on Monday. However, the precious metal’s losses may be limited amid geopolitical tensions and ongoing uncertainty surrounding the US presidential election.
Buying by central banks and rising demand from investors have pushed up prices of the yellow metal. The World Gold Council said that central banks around the world have bought more than 1,000 tonnes of gold in each of the past two years, with China topping the list of countries looking to increase their gold reserves.
On the other hand, a slower pace of interest rate cuts from the US Federal Reserve amid stronger US economic data has weakened the yellow metal. According to CME's FedWatch tool, traders are currently pricing in a 97.7% chance that the Fed will cut interest rates by 25 basis points (bps) in November.
Technical Analysis
Gold is approaching the gap again and forming an uptrend if it breaks the important zone of 2750. The all-time high of 2768 will still act as resistance at the moment. On the other hand, a break of 2725 is considered an opportunity to find long-term buying points. 2711 and 2723 are two areas to watch in today's trading session. Wish you a successful trading day.
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
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing candle body close above 2746 with gap above at 2752. Ema5 cross and lock will open the full range above. We also have 2736, as weighted Goldturn support and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2746
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
BEARISH TARGETS
2736
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week, which we have been tracking and trading for the last two weeks and only updating the retracement and swing range, as we go on.
Last week we stated that we had candle body close gap open to at 2737 on market open but needed ema5 cross and lock will further confirm this.
- This played out last week perfectly and gave us the mea5 lock confirmation followed with the target hit.
We also stated that we had a bearish target below at 2715.
- This target a=was also completed last week
We now have a candle body close above 2737 opening 2760 and ema5 cross and lock will further confirm and solidify this gap. We have support below at 2737 and weighted support at 2715. A break below the weighted support will open the range below otherwise we are likely to see bounces from these support levels.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS)
POTENTIALLY 2779
EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814
BEARISH TARGETS
2737
2715
EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE
SWING RANGE
2693 - 2669
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Previously after completing 2690 target, we stated that we had a candle body close above 2690, opening 2725, as ema5 was still lagging and that we got the push up nicely but just short of the target, which remained open for last week.
- This was hit last week completing this target!!!
We now have a ema5 cross and lock above 2725 for a continuation above with a gap open to 2760. Failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 4 weeks.
Last week we stated that we had a candle body close gap open to 2729 for our long range AXIS TARGET.
- This was hit this week completing the target perfectly!!
We are now seeing a body close above 2729 leaving long range gap open to 2856. Ema5 lock will further confirm this long range target.
We will also be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated if tested at all.
As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then 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..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
SasanSeifi| Will It Break Above the $2685 High?Hey there, ✌ In the daily timeframe, as seen on the chart OANDA:XAUUSD , gold's price started an upward movement from the $2300 range and reached a new all-time high (ATH) around $2685. After hitting this peak, the price entered a consolidation phase with a slight pullback that extended to the $2600 area.
Currently, we see that the price has rebounded from the $2600 level due to increased demand, pushing it higher towards $2,657. The medium- and long-term outlook leans towards further upward movement, with potential targets at $2700, $2725, $2750, $2790, and $2,800.
In the daily timeframe, maintaining the support range between $2600 and $2570 is crucial for sustaining the bullish trend. A likely scenario is that if the price stabilizes above $2660 and $2675, it could break the previous high and move toward the mentioned targets, as illustrated in the chart.
To gain a better understanding of the future trend, it's important to monitor how the price performs in the early days of the market. Additionally, if bullish momentum weakens and confirmations appear in lower timeframes, there could be a chance of range-bound movement or a retracement towards the support levels.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
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 - at his supporting area? whats next??#GOLD.. perfect move as per our analysis and now market again at his one of the most important region and supporting area that is around 2709 to 2713
keep close that region because that is your ultimate SWING REIGON
only holding of that region means you can see again bounce from here otherwise not.
but keep in mind that below that region CUT N REVERSE will be a good option.
good luck
trade wisely
GOLD IS GOING TO BUY MOREHello Trader , What do you think about Gold ? Here on Gold price has made double bottom and was able to break above area which means is going to buy more so trader should go for LONG with expected profit target of 2758.136 .Remember to like and share your thought on comment! Use money Management
GOLD ready to sell possibly? shorts from 2,750This Week's Analysis for Gold:
This week, I'm expecting gold to weaken and potentially consolidate. The slight bearish reaction we've observed may indicate that bullish momentum is losing strength. Additionally, with the recent Change of Character (CHOCH) to the downside, an unmitigated 7-hour supply zone has been created, which could prompt a revisit from price.
From that level, I anticipate a potential selling opportunity. Once price taps into this zone, I'll be looking for distribution on the lower timeframe to refine my entry.
Confluences for Gold Sells:
DXY has shown strong bullish movement, and I expect the dollar to keep strengthening.
Gold has shifted to a bearish character, signalling weakness.
A clean, unmitigated supply zone is in place, where price may retrace.
Significant liquidity to the downside and an imbalance that needs filling.
Gold has been heavily bullish and may require a corrective move.
P.S. If this turns out to be a retracement and price continues upward, I’ll look for potential buys at the 2,680 level. Have a great trading week!
XAUUSD: There is a possibility of falling below 2700 todayYesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained.
From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised.
With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700
The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
GOLD ROUTE MAP UPDATEHey Everyone,
A PIPTASTIC finish to the week with our chart idea playing out perfectly once again!!
After completing all our targets this week, yesterday we stated that no cross and lock below 2717 confirmed the rejection into 2730, which then followed with a new cross and lock above 2730 re-opening 2739 and 2747. We also stated that 2739 was hit perfectly with 2747 left and failure to complete this target will see price retest the support below and as long as 2717 holds, we are likely to see the upper levels retested again.
- This played out perfectly today with the drop into 2717, which held as support like we stated and gave another bounce into 2730, 2739 and now heading towards 2747. Our plans to buy dips using our levels played out once again!!!
BULLISH TARGET
2730 - DONE
EMA5 CROSS AND LOCK ABOVE 2730 WILL OPEN THE FOLLOWING BULLISH TARGET
2739 - DONE
2747 - DONE
BEARISH TARGETS
2717 - DONE
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