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GOLD ANALYSIS OCTOBER 27: TRADING CAUTION💯GOLD PLAN UPDATE DAILY: October 27 👉 Gold prices increased slightly during Thursday's trading session. Data from the US “paints a picture of a very strong economy”, raising the possibility that the Fed could raise interest rates again, putting gold at a disadvantage but the problem of Middle East risks let go of the pressure from this data. 👉 Many investors believe that the stability of the economy means the Fed may have to keep interest rates higher for longer to bring inflation to its 2% target. Such an interest rate outlook is likely to cause 10-year US Treasury bond yields to continue to rise in the coming sessions, putting downward pressure on gold prices. 👉 After the US GDP report, investors' focus will turn to new US inflation data, with the personal consumption expenditure price index (PCE) expected to be announced by the Ministry of Commerce this evening. now. 👉 Yesterday's plan had AE winning the Sell bet of 190 pips. Today I will still give priority to Buy orders, AE, gold is now strongly influenced by news of geopolitical instability. 📌Today's trading plan: 🔽 Sell Gold Entry: 1994x – 1997x SL 1999 TP 1985 - 1978 🔼 Buy Gold Entry: 1978x – 1976x Sl 1973 TP 1983 – 1992 -2010
OANDA:XAUUSDLong
by AETradingFx1
GOLD Continues to SURGE Higher Despite Seller thinking otherwiseWhat's up folks - I am met with an absolutely pleasant surprise here on this trade, lovely way to end the week - and let me say this I am not closing my gold trade here. I honestly at this point see Absolutely NO reason to close my buy because in order to close a buy technically you are selling your position. If you don't think the market will sell, why would you sell? - I don't think the market would sell so I am not going to close my buy. I am glad I stood my ground with my bias and so far it is continuing to pay dividends.. To the sellers who thought GOLD would sell this week...not saying that you were wrong but I think you didn't observe all of the facts. I think majority of the analysis that I saw that the sell argument were only surface level. But it is what it is Have a great weekend guys!
OANDA:XAUUSDLong
by Brandon_evo4
2
XAUUSD: 24/10 Today’s Trading StrategyThe U.S. dollar index fell rapidly on Tuesday, approaching the 105.40 mark, while the gold price exceeded 1980. Gold has recently experienced a period of consolidation after rising, but short-term price pressure cannot be ignored. Previously, gold prices stagnated near the psychological mark of $2,000, but with the U.S. dollar index falling, will gold show strong momentum again? Gold fell slightly yesterday to correct last Friday's gains. At present, gold is in a sideways consolidation stage, the rate of rise has slowed down slightly, and the US dollar is also slightly weak, so gold temporarily lacks the motivation to rise further. In the short term, gold is gathering strength. The daily chart shows that it has entered the correction phase of the second trading day. Today and tomorrow are critical times. Usually in a strong market, the current space begins to converge. In addition, there was no further rise yesterday. In the short term today, it may be Continue to make corrections. The disk shows certain resistance to falling, with the central axis support located near 1965. The short-term trend within the day is likely to rise within the range of 1965. Since it has not been able to stabilize above 1980, the bullish power seems to be a little weak, so we need to be wary that this rise may stop at the key position of 2000. After all, the unilateral rise in technology has led to overbought conditions, and there is a demand for a correction in the market. However, as long as the situation in the Middle East remains unstable, demand for gold as a safe-haven asset will remain strong. It is unrealistic for short sellers to reverse the strong trend and fall sharply. Therefore, in terms of intraday operations, it is recommended to consider placing long orders during the retracement. The following still focuses on the support level of 1964-1950, focusing on whether the 1970 mark can be held. If it falls below this support level, it may test the support level near 1960, while the upper resistance level is near 1982, which may be broken through within the day. Therefore, above, we will first pay attention to whether 1990 can form an effective suppression, and then look at 2000. If the 1H line stands firm at 1990, then short selling is not recommended. SELL:1991-1993 SL:1998 TP1:1985 TP2:1980 BUY:1970-1972 SL:1964 TP1:1979 TP2:1984
OANDA:XAUUSDLong
by ActuaryJ
Gold Friday Trading Strategy Gold is still continuing its upward trend. The current price is 1988. I think it will trade sideways between 1980 and 1992 in the European market today. It is also worth paying attention to the news in the US market. I think gold may fall to around 1970. The overall trend is Still bullish, my temporary strategy for you today is: Golden signal: gold: buy1978-1982 tp1989-1993 sl1973 If gold falls to near the 1965-1970 support line in the US market, we can go long directly with the target of 1995 I share real-time trends and signals on my channel, if you need more help please join me
FX:XAUUSDLong
by Krause_Philipp
Gold maintained a stable position for 2 consecutive daysGold Analysis October 27: Gold maintains position Fundamental analysis: Gold continues to perform well and yesterday was no exception. From 1992 he saw prices decline until 1972 and then rise until 1988. The US GDP in the third quarter was a very impressive 4.9%, much higher than his 2.1% in the second quarter. This shows that the US economy is still very strong and there is no reason for the Fed to raise interest rates anytime soon. The ECB left interest rates on hold yesterday, and the Fed is likely to do the same next week. Currently, 98.5% expect the Fed to keep interest rates unchanged. There are positive signs from the Israeli-Palestinian conflict as Iran's foreign minister has declared that he does not want to prolong the war and that Hamas is ready to release prisoners. PCE inflation data is also very noteworthy today. If inflation continues to rise, this will put downward pressure on gold. In general, the fundamental factors that support and pressure gold are in balance. Gold prices may remain high until next week's FOMC meeting. - Technical analysis: Gold prices continued their upward trend yesterday, hitting higher highs and lower lows. When the price touches the 1972 support zone, a large candlestick shadow is formed. I will continue to purchase Bought gold circa 1978, SL – 1973, TP1 – 1985, TP2 – circa 1992.
TVC:GOLDLong
by TheLeader_WOLF
xausd signal sharing Gold experienced very large fluctuations in both decline and increase in the US market yesterday. As I remind everyone of light position trading, you can make profits by retaining enough funds to resist the fluctuations. Today in the US market, there will be a fixed news from Thursday. , the news about the number of unemployment benefits recipients in the United States was announced, and the impact of war news makes us have to be vigilant, so I still recommend that everyone do a good job in risk control and find good buying points to trade. This will be safer. According to technical analysis Let me provide you with a trading strategy that you can refer to: Asian gold strategy: buy1978-1981 tp 1986-1988 European gold strategy: buy1972-1975 tp 1984-1989 In the US market, I recommend that you trade after the news is announced. If you are interested in my analysis, please join me
FX:XAUUSDLong
by Krause_Philipp
GOLD BULL Move Explained - Why I THINK Traders Stay LOSING!What's up folks, so this is an update video just to explain why I think gold did what it did. By no means is the the 100% only way and there are thousands of ways to approach this, but this is the way that works for me and I think it makes sense. I will continue to say Everything about what I think could be absolutely wrong which is completely fine with me but so far it seems to be working and has been doing so for approach 8 years now. I think most traders simply do not think about their analysis long and hard enough, they don't try to understand why they see what they see. Even if they lose a trade they don't try to break down that loss and figure out what they could have done better or different. The Gold market loves traders like this as they are easy targets. Gold has no problem taking you for all that you have and then some more. The signs that gold was going to continue to buy were as follows: - Still a bull market overall (higher timeframe) - Currently a bull market from Oct 6th 2023 (lower timeframe) - The dealer would have been validating\inducing sellers on this recent move downward - People for some reason would be convinced that the war would cause gold to sell (I really don't understand where this belief is coming from btw) - Traders thinking because it is at a high that it has to drop (meaning liquidity from sellers would be injected) - Multiple news events being released over the last few days making traders believe that that would be the catalyst to cause gold to drop (induction) - Traders believing that they just need to go against the direction to get the best possible entry (this is conditioning that the dealer would have worked really hard for years and years to establish) - Traders not understanding that a basic technical analysis is not enough to decipher what is actually happening causing them to see false moves that really aren't there and I could probably go on and on. But all in all I really want to drive home the idea that your analysis is supposed to give you complete faith in yourself. So much faith that you should be willing to back up your claim with your money and that is where executing the trade comes in. One thing you cannot do is be bouncing around from going bullish to bearish etc etc. If you weren't solid on a direction gold probably would have dealt with you some time this week But let me stop here. Have a great day guys :)
OANDA:XAUUSDLong
by Brandon_evo4
5
Gold Has Entered a New UptrendIn this trading idea, we'll explore a potentially profitable strategy for buying gold by utilizing a combination of technical analysis tools. We'll focus on key factors such as critical support levels, Fibonacci retracement levels, order blocks, and trend reversals. Support Levels: We'll closely monitor important support levels on the gold chart. These levels often act as significant barriers for price movement. A break below these levels can indicate a potential trend reversal or a strong bearish sentiment. Fibonacci Levels: Fibonacci retracement levels are essential for identifying potential reversal zones. We'll use Fibonacci analysis to pinpoint key levels where price may encounter resistance or support, offering valuable entry and exit points. Order Blocks: Understanding order blocks is crucial for spotting areas where significant buying or selling activity has occurred. We'll identify these zones to anticipate potential reversals or trend continuations. Trend Reversal: Recognizing signs of a trend reversal is vital for shorting gold effectively. We'll analyze various technical indicators and chart patterns to identify potential shifts in the trend direction. By combining these elements in our analysis, we aim to provide you with a comprehensive trading strategy for buying gold that maximizes profit potential while minimizing risk. Keep a close eye on these factors and stay prepared for potential market moves. Remember to perform your due diligence and risk management before executing any trades
OANDA:XAUUSDLong
by KarolinaKanova
💡 GOLDOZ: Sellers are now in a better position💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold 💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but failed. 💡Almost like an upside-down V-shaped reversal for H1 gold after the price first swept to the bottom and then pulled back up, forming a false break - creating a bear trap.
TVC:GOLDShort
by Stone_Haven
GOLD - after a day of crazy moves💯UPDATE YELLOW PLAN DAILY: 👉 Gold prices rose in Wednesday`s trading session due to continued conflict in the Middle East, while investors await US third quarter GDP data today and the personal consumption expenditures price index (PCE). ) of the US on Friday for more clues about the Fed's interest rate policy path. If interest rates are higher, it will increase the demand for holding gold. “Geopolitical concerns will not go away anytime soon, and this will continue to support gold prices,” said Mr. Bob Haberkorn, senior market strategist at RJO Futures. 👉 Higher dollar and US 10-year Treasury bond yields also limited the precious metal's rise. 👉 China Gold Association announced that China's gold consumption in the first three quarters of 2023 increased significantly by 7.32% year-on-year due to increased demand related to economic recovery. 👉In yesterday's plan, AE lost on a 50 pips sell bet, but instead he won on a 200 pips buy bet. I will prioritize buy orders today, AE 📌Today's trading plan: 🔽 Gold Entry Sales: 1992-1995 SL 1997 City 1984 – 1970 – 1962 🔼 Gold purchase entry: 1962 - 1960 Sula 1957 City 1970-1991-2019
TVC:GOLDLong
by TheLeader_WOLF
Gold Nears 5-Month High as Mid East Tension RisesGold is currently on the rise and is inching closer to a remarkable 5-month high, thanks to the escalating tensions in the Middle East. As we all know, gold has always been a safe haven for investors during times of uncertainty and geopolitical unrest. With the recent developments in the Middle East, the demand for this precious metal is soaring, causing its value to skyrocket. This presents an incredible opportunity for traders like you to capitalize on this upward trend and potentially reap significant profits. Now, you might be wondering, "How can I make the most of this golden opportunity?" Well, my friend, the answer lies in taking a long position on gold. By going long on gold, you are essentially betting that its value will continue to rise in the near future. Given the ongoing tensions in the Middle East, this seems like a highly favorable strategy to adopt. So, let's seize this chance together and make the most of the current market conditions. I encourage you to consider going long on gold and take full advantage of the potential gains that lie ahead. Remember, timing is everything in the world of trading, and this could be the perfect moment to dive into the gold market. Don't let this opportunity slip through your fingers! Take action today and position yourself for success. If you have any questions or need further assistance, please don't hesitate to comment below.
OANDA:XAUUSDLong
by bryandowningqln
Gold after a day of sideways movement, will the new trend change. Yesterday, the market produced a doji-shaped candle at bar D1 with a short candle body and his two long candle shadows. We've seen some very intense battles between buyers and sellers. In the past two days, the gold price has reached the major selling threshold from 1978 to 1980, and if the price breaks through this threshold, it will be very dangerous. , retesting over $2000 is very easy. However, we will continue to focus on selling the 193x and 1900. . In the H4 framework, prices fell to 23.6% of FIBO, the 1954 price range, but then recovered in the short term. Currently, in the h4 frame, the price is still in a downward accumulation channel as there is no new news coming in to move the price. Since it is not new, I will focus on selling up to 193x1900. 👉 See ACE strategy: Gold sale 1976.XX SL 50 TP 50 100PIP
TVC:GOLDShort
by TheLeader_WOLF
GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇 Gold closed, respecting a key horizontal daily resistance. Analyzing a 4H time frame, I have spotted a rising wedge pattern. Its support breakout can be an important sign of strength of the sellers. Candle close below may initiate a correctional movement on the market. Bearish movement will be anticipated to 1954 then. Alternatively, a bullish breakout of the underlined red structure on a daily will trigger a further bullish continuation. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
💡XAUUSD: Ability to recover after a slight decline💡At the end of yesterday's trading session, the price of gold experienced a slight decrease, putting an end to the impressive surge that took it close to $2,000 per ounce in the previous week, while the ongoing tensions in the Middle East show no signs of abating. 💡According to David Meger, the Director of Metal Trading at High Ridge Futures, the demand for safe-haven assets may continue to push gold prices higher after a brief period of decline. He expressed the belief that political instability and unrest in the Middle East will likely keep driving gold prices upwards. 💡 Meger also added, "If inflation data exceeds expectations, it could raise concerns about interest rate hikes, which may subsequently lead to an increase in the demand for safe-haven assets."
OANDA:XAUUSDLong
by Stone_Haven
(XAUUSD) Short Sell Gold After nearly hitting the low for the year, price made a bearish reversal and gapped up from the 1835 area. In October it peaked at the ceiling level and is most likely to decrease until December then after. *I am not a financial advisor, and the information provided here is for informational purposes only. Any financial decisions you make should be based on your individual financial situation and goals. It is important to consult with a qualified financial advisor or professional who can provide you with personalized advice tailored to your specific circumstances. Additionally, please be aware that financial laws and regulations may change over time, so always ensure you are up to date with the latest information and consult with a professional before making any significant financial decisions.*
FXOPEN:XAUUSDShort
by JoeCrypto313
3