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GOLDUpcoming Week's Gold Market Analysis As you can observe from the chart, Gold is currently undergoing a pattern of five waves, indicating an impulse-correction sequence. Having closely monitored its ascent in line with our analysis, it's evident that Gold is displaying signs of weakening. A correction phase is essential before it can resume its upward trajectory. Our skilled traders are diligently identifying the optimal entry points for our valued clients. Don't miss out on the chance to benefit from our trading expertise this week. Join us to seize this opportunity! Note: All our trade insights are provided entirely free of charge.
OANDA:XAUUSD
by oraclpips
Confused 🤔 GoldGold had an impact of war overall and as we were in sell trend gold has suddenly change its direction upwards now as i speak in top down anylisis scenario i would speak 🗣️ Monthly time frame On Monthly time frame we are seeing a strong resistance level on gold Weekly time frame Also on weekly time frame we had a resistance on this level its a significant level Daily Timeframe On daily timeframe we can see gold has formed a bearish candle stivk pattren which is inverted hammer pattern and also gold is on its significant level of resistance of daily too the Confluence Is about all sell gold but still as war has an impact fundamentals will override technincal aspect so we are a bit confused on gold as market is too if escalation goes on gold will go buy if there goes a cease fire then we can sell gold
OANDA:XAUUSDShort
by Wakeel_Saab
1
What would stop gold from rising? The conflict between Palestine and Israel is currently raging, and at the same time, the situation in many places is tense. Yesterday, gold hit a new high price of 1977. It seems that nothing can stop gold from continuing to rise. Immediately after Biden speaks, I think gold will rise again after correction, but it may also It’s so crazy that it goes up directly. Operation suggestions: gold: buy1968-1972 tp1985/ buy1955-1960 tp1975-1980 Set a stop loss that matches the account funds If you like my analysis, please join my channel, I will continue to bring you good analysis and trading signals
FX:XAUUSDLong
by Krause_Philipp
Gold still maintains a stable increasing position, possibly retu👉 Gold continued to be a strong bullish candle yesterday without any major corrections, with the price retesting the previous breakout zone of 1945 and then surging back to the expected zone of 1985. 👉 In the second half, prices remained within the short-term moving average band, extending the bullish momentum. The 1982-1985 zone is a strong resistance zone. If you break through, you can continue. As for who sells this area, he is in the area in 1965 and it is likely that he will sell it in 1990. I haven't sold it yet, but I'm waiting patiently to buy it at a good price. 👉 Purchase restrictions 1962-1965 SL, 1955 TP 1977-1985, plus 1990. today's war news According to Russian experts, the Israeli military leadership is in a very difficult situation where it can no longer retreat, but it does not really want to attack yet because it could lose. Moreover, experts say failure would definitely be a disaster for Tel Aviv. “The bombing and shelling that Israel is carrying out does not stem from any recognition of its own strength. "Because they feel helpless in the face of fear for the future," expert Podryaka added on his Telegram channel. Podryaka further pointed out that many countries have begun to evacuate their citizens from Israel, as well as neighboring Lebanon. This indicates the parties have not reached an agreement and the region will face severe tensions as hostilities reach their highest level in decades.
TVC:GOLD
by TheLeader_WOLF
💡 GOLDOZ: Gold reversed sharply yesterday💡 Following recent dovish comments from some US politicians, investors are now awaiting Thursday's speech from Federal Reserve Chairman Jerome Powell for further guidance on interest rate trends. According to the CME Fed Watch tool, the market has priced in a 90% chance that the Fed will leave interest rates unchanged at next month's policy meeting. That number yesterday morning was 67%. 💡 Carlo Alberto de Casa, a market analyst at Kinesis Money, said current developments in the conflict between Israel and Hamas have made it less likely that the US Federal Reserve will raise interest rates in the near future. Stated. In this context, gold will benefit.
TVC:GOLDLong
by Stone_Haven
XAUUSD is Preparing to GO DOWN !In this trading idea, we'll explore a potentially profitable strategy for Selling 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 selling 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
FOREXCOM:XAUUSDShort
by KarolinaKanova
4
19.10.2023 - SELL GOLD at 1948.00 The recent price movement aligns perfectly with my previous analysis. The market is currently progressing towards the key resistance level. The price managed to break out of a descending channel after forming a double bottom at the support level. I believe there is a possibility of gold retracing from the resistance zone and the upward trendline, given that we have witnessed a bullish trend for the past two weeks, and some correction is likely needed. Should the market test the 1968 level and encounter rejection, this could potentially lead to a bearish reversal. I anticipate a brief pullback from the resistance zone in the short term. My target is set on the support region around 1933.60.
OANDA:XAUUSDShort
by GoldyMan
1
Gold price confirms the breakthroughThe price of gold achieved a strong breach of the 1945 level and closed the 4H candle above it, strengthening expectations for the continuation of the upward trend during the coming sessions, paving the way for heading towards 1958 as the next main target. The current negativity of the Stochastic indicator may cause some temporary sideways fluctuation before resuming the expected rise, noting that the 50 moving average provides continuous positive support for the price, while breaking 1945 will stop the positive scenario and pressure the price to turn lower. Pivot Price: 1945 Resistance Price: 1958 & 1968 & 1978 Support price: 1932 & 1923 & 1913 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
XAUUSD: 19/10 Today’s Trading StrategyGold prices experienced a strong rise yesterday, stimulated by risk aversion due to the possible expansion of the Palestinian-Israeli conflict. Gold soared nearly $40 during the trading day, hitting a high of 1962.5, before pulling back slightly. At the final close, gold closed up 1.28% at 1947.81. The daily line reached a maximum of 1962.9, and then began to consolidate under the influence of Bollinger's upper track pressure, and finally closed at 1947.4. However, the closing positive line indicates that the market is expected to continue to rise, and technically there is continued bullish demand. The 4-hour chart shows the market's unilateral rise in heavy volume, relying on the mid-track rise, and has not yet retreated and corrected. The current rate of increase is beginning to slow down, and may turn into a shock-type increase next. A direct rise indicates that the market is strong, has greater impact, and has better continuity. As the rally progresses, higher prices are bound to face greater resistance. Market adjustments and shocks are inevitable. At this time, the trader needs to have good market reading skills. The current support is around 1940, any pullback should be viewed as aggressively bullish and continue to focus on new highs. Regarding gold’s operating ideas, it is recommended to focus on long positions, with bullish calls on lows; the upper suppression point is 1968-1976. The important short-term resistance at the top is located at the 1975-1987 line, and the important short-term support at the bottom is at the 1940-1943 line. SELL:1942~1944 SL1938 TP1:1952 TP2:1958 SELL:1969~1972 SL:1976 TP1:1964 TP2:1958
OANDA:XAUUSD
by ActuaryJ
2
All current world news supports gold returning to 2000 priceThe world war situation has not cooled down and many powers such as Russia, America and China are showing signs of getting involved. This is why I firmly believe that gold will increase in the long-term trend, let's see. Consider my analysis for today. Gold analysis: - The drop in gold prices from $1,962 to $1,938 could be a sign of seller participation. - All will become clear after today's Asia session. Gold is still trading below $1,950 and a significant reversal is possible. As the situation in the Middle East continues to escalate, gold prices have surpassed their 1950 peak and remain under upward pressure in today's trading. Today's scenario considers maintaining the buy strategy and GOLD is expected to make new highs again in today's session. The upward trend is likely to continue until his 1983 resistance target. Currently, the price of gold depends on the war situation in the Middle East, so it may not follow the analysis or methodology. I think it is better to set the SL carefully without letting it run free.
TVC:GOLDLong
by TheLeader_WOLF
Key resistance level coming up in Gold, potential sellHello traders, we are approaching a key level in Gold. Price is now within the moderate supply zone. The area between 1945-1952 would be the one to watch out for. In case of bearish price action in this level, traders can consider selling with 1880 as the target. Potential entry would be between 1945 to 1952. Keep in mind that if price breaks strongly through this zone, then we will see a continuation of the uptrend
OANDA:XAUUSDShort
by MarcellusLUX
18