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Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential. Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements! Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
XAUUSD: Based on Previous Analysis! **XAUUSD: 1-Hour Chart Analysis** Hello Traders, Based on our previous analysis, we had expected prices to reversed from our designated buying zone. And price did that exactly, reversing from 2625 which took the price towards 2771. Where we have seen some resistance. We still are very much bullish on Gold. Next targets are 2800$ 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
How Much Gold Should You Hold in Your Portfolio? Gold, often referred to as a safe-haven asset, has historically been a reliable hedge against inflation, economic uncertainty, and geopolitical risks. As the global economic landscape becomes increasingly volatile, many investors are turning to gold to diversify their portfolios and protect their wealth. The Case for Gold • Inflation Hedge: Gold has traditionally been a reliable hedge against inflation. As the purchasing power of fiat currencies erodes, the value of gold tends to rise. • Diversification: Gold has a low correlation with other asset classes like stocks and bonds. This means that adding gold to your portfolio can help reduce overall risk. • Safe-Haven Asset: In times of economic turmoil or geopolitical uncertainty, investors often flock to gold as a safe-haven asset. • How Much Gold Should You Own? The optimal allocation to gold in a portfolio depends on various factors, including your risk tolerance, investment horizon, and overall financial goals. However, in the current economic climate, many experts recommend allocating a significant portion of your portfolio to gold. A 15-20% Allocation: A Prudent Choice Given the current economic uncertainty, geopolitical tensions, and inflationary pressures, many financial advisors suggest allocating 15-20% of your portfolio to gold. This allocation can provide a solid hedge against potential downside risks and help preserve your wealth over the long term. Factors to Consider: • Risk Tolerance: If you have a higher risk tolerance, you may consider a higher allocation to gold. However, it's important to balance risk and reward. • Investment Horizon: A longer investment horizon allows for a more aggressive allocation to riskier assets like stocks. However, gold can still be a valuable component of a long-term portfolio. • Market Conditions: Economic conditions, geopolitical events, and central bank policies can significantly impact the price of gold. Stay informed about these factors to adjust your allocation as needed. • Diversification: Ensure that your gold investment is part of a diversified portfolio. This means spreading your investments across various asset classes to reduce risk. • How to Invest in Gold There are several ways to invest in gold: • Physical Gold: Buying physical gold in the form of coins or bars is a traditional method. However, it requires secure storage. • Gold ETFs: Gold exchange-traded funds (ETFs) provide a convenient way to invest in gold without the hassle of physical storage. • Gold Mining Stocks: Investing in gold mining companies can offer exposure to the gold market, but it comes with additional risks associated with the mining industry. • Conclusion In conclusion, while gold may not offer the same potential for high returns as other asset classes, it can be a valuable tool for risk management and wealth preservation. By allocating a significant portion of your portfolio to gold, you can protect your wealth against a range of risks and secure your financial future.
OANDA:XAUUSDLong
by bryandowningqln
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below. Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757. Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757. As for today's trading direction, I think it is feasible to choose to short at a high level
TVC:GOLDShort
by AntonyTP
1
Why did the price of gold fall after Iran was attacked? Today is October 28, 2024, Monday. Let me first talk about the facts of the market. The two major players in the Middle East on Saturday and Sunday in the international market, Israel, attacked Iran's military facilities. The weekend was also full of risk aversion. My members were very worried about whether the opening on Monday would reach a new high, with the gold price at 2,700 points. Many shorts were on pins and needles. They would ask me what I think. My answer is very simple. You should have fun on the weekend and don't worry about Monday. It will be a waste of the weekend if you worry in advance. When the market opened on Monday, there was a gap, which has not been filled yet. So in fact, there is no value in worrying in advance, and it is all negative emotional value. This means that there is no need to worry about tomorrow's things, especially when trading. Let's get back to the point. Israel's retaliation against Iran at the weekend is more like giving the public another explanation. It should be fought and warned. The United States also spoke out, saying that Iran should not escalate the situation further. Iranian officials said they would certainly respond, but since the attack did not threaten oil and nuclear facilities, sources said Iran informed Israel through a third party that it would not respond. And we retail investors are like flies swept by the market, flying around. This magical third party, this farce, in my opinion, is more like January 3, 2020, after the Soleimani incident, Iran will launch a jihad, at least to attack the US military bases in the Middle East, and the gold price will rise sharply in the future. It was indeed bombed, but in the end Trump said that before the attack began, Iranian senior officials had notified the US military that the personnel had already evacuated. Therefore, the attack did not cause any casualties. It's like you punched cotton. Obviously, the mysterious third party has become the stepping stone for the two major protagonists in the Middle East. For this farce, the dominant issue is still the economic level. During the pandemic, the world has an overcapacity that cannot be consumed, and the recovery cycle is too slow. Economic contradictions cannot be resolved, so we have to seek stronger, faster and more direct ways to consume production capacity. So after the intensification of contradictions, instability in some local areas has emerged. After all, in troubled times, everyone wants to have a piece of the pie. But who will win? In the end, it was found that the price was still the same, but it was us retail investors who paid the bill. In terms of strength, the current market has not set new highs for several trading days. Compared with the previous market that set new highs every day, this phenomenon can be regarded as a manifestation of the rising momentum is not so crazy. Coupled with the adjustment signals of large and small cycles, this shock is about to begin. As for the next important events, this week the market will have job vacancy data, small non-agricultural data on Wednesday, inflation PCE price index annual rate on Thursday, and large non-agricultural data on Friday. There are still many highlights this week. If possible, I suggest you control your position and make the stop loss as large as possible. After all, every important event and data is an opportunity for market reversal. At the same time, coupled with the bets of market investors, the probability of sweeping the market is very serious. So either you participate with a light enough position and set a large enough stop loss. Or participate in the transaction at the key price. Specifically, you can take a look at my thoughts today: International gold this morning was affected by the weekend news and opened lower and moved lower. From a technical point of view, there was a gap in the market. So today's trading should be based on the gap theory. The most important thing about the gap theory is to pay attention to the gap filling at the one-hour level. As shown in the figure, the black line represents the market filling the gap with shadows. At this time, our trading opportunity is 2747 bearish. As long as the shadow line covers the gap, it will be downward in conjunction with the jumping direction. It means that the market will start a downward trend. 2747 is an important opportunity to participate. The second is based on actual performance. As shown in the solid line trend in the figure, the price fills the gap with entities at the one-hour level, which means that the gap theory is bullish for the future market, and the bullish trading opportunity will be bullish at 2737 as support. So these two prices are the key trading opportunities to focus on today. Note that the market will experience the performance of the US non-agricultural employment data this week, and the interest rate decision and the US election next week. The risk will increase relatively, and the market fluctuations will also be greater. Therefore, when making intraday trading plans, you need to expand the price range as much as possible, control risks, and control your positions to participate in transactions.
TVC:GOLDLong
by Yuliya1l11
Gold is approaching its all-time high as the market awaits major With the strong recovery of the US economy, market expectations for future interest rate cuts by the Federal Reserve have gradually weakened. The 10-year Treasury yield rose to a three-month high on Monday, which usually puts pressure on gold prices. The US dollar index rose 3.6% in October, its best monthly performance since April 2022, making gold less attractive to overseas buyers. Although it is facing some pressure at present, the uncertainty of the general election may curb selling activity, and any action may have a greater impact on gold prices. In terms of geopolitics, tensions between Israel and Iran remain the focus of market attention. Iranian Foreign Ministry spokesman Bagae said that Iran will not give up its right to respond to Israel's "aggression", emphasizing that under international law, countries that have been aggressed have the right to fight back. This statement may exacerbate market uneasiness and drive demand for safe-haven assets. The Israeli Defense Forces completed a "precision strike" against Iran on October 26. Although the attack was small in scale, it still caused market concerns about the future situation. The Iranian military claimed to have successfully defended against the Israeli attack. This tension may continue to affect market sentiment in the coming weeks, and thus affect gold prices. The strength of the dollar makes gold more expensive in dollar terms, which has dampened the willingness of overseas investors to buy. The market is confident in the strong performance of the US economy, especially in the job market and consumer spending, which has driven the further appreciation of the dollar. The policy direction of the Federal Reserve will have a profound impact on the gold market. The market generally expects the Federal Reserve to discuss future interest rate strategies at its policy meeting on November 6-7. According to market expectations, the possibility of a rate cut remains, but market expectations for a rate cut have gradually weakened due to the strong performance of economic data. Federal Reserve officials expressed optimism about the economic outlook in recent speeches, believing that the current unemployment rate and inflation levels are within an acceptable range. This optimism may lead to changes in market expectations for future rate cuts, which will affect gold prices. Because U.S. Treasury yields rose and the dollar strengthened, while investors were waiting for a series of heavyweight U.S. economic data and risk events to be released this week for clues about the Fed's interest rate outlook, but the uncertainty of the U.S. election and concerns about the geopolitical situation still provided safe-haven support for gold prices, so gold fluctuated upward on Monday. After the opening of today's market, the price of gold has risen strongly. At present, the short-term upward trend of gold remains good, so today investors continue to pay attention to the 2740 area of ​​the 1-hour upward trend line support below, and continue to go long on gold after gold pulls back and stabilizes. The JOLTs job vacancy data for October to be released today will become the focus of investors' attention. This data reflects the supply and demand situation in the labor market. At the same time, the US ADP employment data, personal consumption expenditure (PCE) data, and non-farm employment report will be released this week. These data will directly affect the market's expectations of the Fed's future policies. If you are interested in my analysis, please comment and tell me, thank you
FOREXCOM:XAUUSDLong
by Yuliya1l11
2
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!
TVC:GOLDLong
by George_parse
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.
OANDA:XAUUSD
by TVS-Trader
1
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.
TVC:GOLDShort
by QAZIFXTRADER
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
TVC:GOLDLong
by George_parse
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
TVC:GOLDLong
by David_strategy
1
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
TVC:GOLDLong
by AntonyTP
1
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.
by TVS-Trader
3