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
Goldprice
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XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge.
As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase.
Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS.
As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance.
After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line.
Price is currently trading between an internal low and a fractal high.
Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase.
M15 Chart:
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
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%.
Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs.
Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01.
Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory."
Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs.
⭐️Personal comments NOVA:
After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2760 - $2762 SL $2767
TP1: $2750
TP2: $2740
TP3: $2730
🔥BUY GOLD zone: $2695 - $2697 SL $2690
TP1: $2705
TP2: $2715
TP3: $2730
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . As we failed to break a new ATH today, we could consider this a “double top” as well.
In detail,
We failed to break a new ATH (All Time High) . We will most likely drop down to 2714 which is an important KL (Key Level) for us. If broken, we will see deeper pullbacks to 2696 or even revisiting our previous ATH at 2685 . Keep in mind if our KL at 2714 is not broken, we might consolidate between levels 2714 - 2740 .
PARAMETERS
- Entry: 2731.561
- SL: 2743
- TP: 2685.800
KEY NOTES
- XAUUSD failed to create a new high.
- XAUUSD price is showing slight exhaustion.
- Break below our KL (Key Level) could result in more downside.
- Failing to break our KL could result in some consolidation.
Happy trading!
FxPocket
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.
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.
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Easier simply to quote what it's all about from their website Paxos.com
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I just took a look at the Gold and Silver charts and their medium & longer term outlook. I can't even see a decent correction on the nearby horizon, Silver looks even in greater shape than Gold but both are staying strong and bullish is my assessment.
This PAXG they are talking about a massive compounding of its price in only a year or 2 and beyond that it is almost hard to believe. DYOR.
"PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company."
#XAUUSD: $3000 Year End Target! Swing Buy Our recent analyses have yielded substantial gains, exceeding 5,000 pips in total. Given the current market conditions, with the price reaching the 2,740 level, we anticipate a potential bearish correction towards the 2,680 region. This area serves as a critical support level for swing buyers. Accordingly, we recommend exercising caution and awaiting a more favorable entry.
good luck and trade safe!
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
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.
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.
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.
Gold | H4 | Body Structure- Gold | H4 | Body Structure
- Green Area Shows the Body Break Structures
- Expected move 2727 - 2734.00 because without completing the trend its chances to go back down seems crucial
- if gold break/supports next move would be 2710 then 2702.00
if 2710 touched and not able to break the support level we will take a small risk from this point with buy position
- Probably a upper hike would be possible without a good pump in gold chances are comparatively low ..
candles need volume remembered
GOLD - Long Term ChartGold: here is a chart with long-term targets. This year has been very positive for gold.
My opinion is that gold and silver have lagged behind, and what is driving the increase is the massive monetary injection since 2021.
My opinion is that gold and silver have lagged behind, and what is driving the increase is the massive monetary injection since 2021.
More money in the market for roughly the same amount of goods -> rising prices.
Inflation has been reflected in everyday life and in some financial markets, but not really in gold, and even less in silver.
Certain sectors, like U.S. small caps AMEX:IWM TVC:RUT , have not yet made the adjustment.
Some smart investors are positioning in the U.S. small caps sector with a long-term objective, and they are absolutely right.
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.