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Xauusd(w)

Gold trading, make money with meGold is in the Bollinger Band range and fluctuates sideways for 4 hours. As the saying goes, it gets colder at high places. Since the bull market has been slow to reach new highs, gold opened low in the morning. There was a rebound and rise during the period, but the highest rebound to 2744 just barely filled the gap of the low opening. Then the short-term continued to fall, indicating that the bulls’ counterattack was weak. The current market will be dominated by the short side, and our operating strategy is the same. The idea will be mainly high-altitude tonight! The short-term focus on the upper side is the 2743-2744 resistance line, and the short-term focus on the lower side is the 2717-2715 support line.
OANDA:XAUUSD
by btxebtxe
GOLD XAUUSD PREDICTION🇺🇸 How the 2024 U.S. Presidential Election Could Impact Your Investments With the upcoming U.S. presidential election, markets are on edge. Both Donald Trump and Kamala Harris offer contrasting approaches, which could lead to different outcomes for stocks and gold. Here’s a breakdown of potential impacts under each candidate: 📈 If Trump Wins: • Stock Market: Known for pro-business policies, Trump may boost investor confidence through tax cuts and deregulation, potentially leading to a stock market rally. However, his tough stance on international trade, especially with China, could create market volatility. • Gold: Gold typically benefits from uncertainty. If Trump’s approach increases geopolitical tension or economic uncertainty, gold prices could rise. Conversely, a stronger dollar under his policies might limit gold’s growth. 📉 If Harris Wins: • Stock Market: Harris will likely continue Biden’s policies, focusing on infrastructure and clean energy. These policies could favor sectors like renewable energy. However, possible tax hikes on corporations may cool off overall market enthusiasm. • Gold: With more regulatory oversight expected, investor caution may drive gold demand as a safe-haven asset, especially if concerns about government spending or inflation arise. 🔍 Key Takeaways: • Market Volatility: Elections bring uncertainty, so markets may experience short-term swings as investors react to possible policy shifts. • Long-Term Impact: While election outcomes have immediate effects, the long-term impact depends on actual policy implementations and global economic factors. Stay tuned and diversified! Elections are just one of many forces shaping financial markets, so having a balanced approach is key.
FX_IDC:XAUUSD
by wallstreetwolfx
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week. According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September. After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD: Preparing for a bullish reversal.Gold is about to go from neutral to bearish on its 4H timeframe (RSI = 45.410, MACD = -2.540, ADX = 22.042) as after breaking under its 4H MA50, it has failed to cross it on two attempts. This pullback is part of the techical bearish wave of the 3 month Channel Up and it is the 3rd in total. The two waves before that found a bottom near the 0.382 Fibonacci level and we are already just over that level. We expect some more sideways movement and ideally when the 4H RSI hits 35.000, begin the bullish reversal. Our aim is a minimum of +7.00% rise (TP = 2,900) for the next HH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48 Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF GEOPOLITICS As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price US ELECTIONs As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
OANDA:XAUUSDShort
by Wakeel_Saab
Gold Becomes the Second Largest Central Bank Reserve AssetGold's importance as a reserve asset for central banks is on the rise According to Bank of America, gold has now overtaken the euro to become the second largest reserve asset, To be more precise, B of A should have specified that it is the eastern hemisphere Central Banks that are diversifying out of the U.S. dollar and the euro and buying gold and yuan. Currently, gold accounts for 16% of global bank reserves, while the dollar has dropped to about 58%, down from over 70% in 2002. Poland emerged as the largest buyer of gold in the second quarter of this year (though the specific amount purchased by China's PBoC remains undisclosed). Additionally, Poland is requiring that the gold it acquires be delivered directly to its Central Bank, rather than being stored by London banks. Turkey is another significant gold purchaser, and several African nations have also announced plans to increase Central Bank gold reserves. While it may not happen immediately, there’s potential for gold to surpass the dollar as the top reserve asset, especially if the BRIC nations and other Eastern hemisphere countries go forward with their rumored plans for a gold-backed trade currency. A BRICS Summit will be held in Kazan, Russia, from October 22nd to 24th, where discussions on a new trading currency may take place, though this has not been officially confirmed. On September 5th, Russia announced plans to ramp up its daily gold purchases from $13.5 million to $93 million (1.2 billion rubles to 8.2 billion rubles) for the next month, using surplus revenue from oil and gas. This information was reported by the Russian news agency, Interfax. This move seems to align with the potential development of a BRICS gold-backed trade settlement currency, or even a broader gold-backed currency system. I raise this point because the U.S. Federal Reserve is in a difficult position. It’s facing immense pressure from the market and Wall Street to reduce interest rates, but doing so could trigger a sharp decline in the value of the dollar. The chart referenced above shows a 5-year daily performance of the US dollar index, with the dollar currently testing the 100 level—a key technical support since early 2023. If the Federal Reserve begins cutting interest rates, it's highly likely the dollar will fall to 90, a level last seen in mid-2021. This decline would likely push gold prices toward $3,000 and silver toward $50. A weakening dollar presents several challenges. First, it could accelerate the reduction in the dollar's role as a reserve asset for global central banks. Even more concerning for the US, a depreciating dollar coupled with lower interest rates would make it harder to attract foreign investment to finance additional Treasury debt, a challenge that is already becoming evident. Additionally, the Fed is aware that inflation is running higher than what is reported by the CPI. Reducing rates will further drive real interest rates deeper into negative territory. While the official CPI suggests real rates are positive, using more comprehensive measures like the Shadow Stats Alternative CPI, real rates are currently at -3% using the 1990 CPI method and -6% based on the 1980 version. Negative real interest rates fuel price inflation, contributing to its persistence. Cutting rates further would likely intensify this inflationary pressure. This is one reason gold has been reaching new all time highs almost daily since the Fed cut rates earlier this month. Silver, similarly, is on the verge of breaking into the high $33 range. Precious metals markets are anticipating more than just optimistic Fed rhetoric about a strong economy and lower inflation; they are also predicting a potential return to money printing policies
OANDA:XAUUSDLong
by moonypto
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the charts today with our levels being respected, allowing us to buy dips inline with our plans. Same as yesterday, we got the bearish target re-test again at 2733, which failed to cross and lock below confirming the support. This gave us another perfect bounce inline with our plans to buy dips and just fell short of the bullish target at 2751 by a few pips. However, we secured our 40 pips clean. The full gap remains open and therefore we will see levels tested side by side until one of the weighted levels break and lock to confirm 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 2751 EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2782 EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET 2799 BEARISH TARGETS 2733 - DONE EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2717 EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2705 - 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
OANDA:XAUUSD
by Goldviewfx
13
XAU/USD : Gold Set for a Move as U.S. Election Sparks VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we can observe several reactions to the demand levels we identified. Yesterday, we saw an initial bounce from the $2733 zone, with a 70-pip rise taking it close to $2740. Later, this morning, the price dipped below $2730 and reached the $2727 zone, where it was met with strong demand, resulting in a sharp increase of over 200 pips up to $2745. Currently, gold is trading around $2742, and I expect it to soon make another move toward the liquidity pools above $2745 and $2748. After that, keep an eye on the price reaction at $2752. Note that today is the U.S. election day, and the market may experience significant volatility. Be cautious with your trades! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
2
Continue to go short today, with detailed market analysisThe gold trend indicator MA5 and MA10 tend to be in a state of adhesion. Although it closed below the moving average, from the overall shape, because there is no sustained decline, it is still a high-level sideways correction. Continue to pay attention to the break direction of the 2720/2750 range adjustment. Gold continues to be weak. Gold rebounded in the past few days and was short. It also won repeatedly. Gold bulls have no rebound power. The rebound in the Asian session continues to be short. Gold is weak, and the short-term short trend will continue. Go with the trend, and the rebound is an opportunity to go short. The gold 1-hour moving average continues to cross downward and diverge. The gold moving average resistance now moves down to around 2745. After the rebound, gold continues to fall weakly. Bulls basically have no counterattack power. Gold rebounds near the moving average resistance of 2745 in the Asian session and continues to go short. First support: 2730, second support: 2718, third support: 2700 First resistance: 2748, second resistance: 2763, third resistance: 2775 Trading strategy: 2720-2750 range, sell high and buy low according to resistance and support
OANDA:XAUUSDShort
by Jun-GoldAnalyst
GOLD SHORTSWHY I AM LOOKING FOR SHORTS There is a mitigated supply zone on the left, causing a price decline and leaving an unmitigated supply area. Liquidity has built up below this zone. After the Asian session, the price swept the highs of the Asian range and tapped into the supply area. A strong rejection suggests that the price is likely to continue downward toward the Asian lows. FUNDAMENTAL ANALYSIS On U.S. election day, gold prices can experience volatility due to political uncertainty and market reactions. If there's significant uncertainty over the election outcome, gold often rises as investors seek safe-haven assets. A clear result, especially one that signals stability, could lead to a dip in gold prices as risk appetite increases.
OANDA:XAUUSDShort
by MARKLISO
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
GOLD - Price can bounce up from support area to $2785Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it at once fell below a support level, but soon backed up. Then it continued to decline and later broke $2645 level one more time, after which reached the support line. Gold bounced and exited from the falling channel, and started to grow inside the pennant, where it soon broke $2645 level again. After this, the price made a first gap and later rose to $2735 level, where it some time traded near and broke it too. Next, price made a second gap, reached the resistance line of the pennant, and then declined to the support area. In my mind, Gold can little correct and then bounce up to $2785 from support area, exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
9
Xauusd sell From a technical perspective, last week's failure near the top boundary of an ascending channel extending from late July and the subsequent pullback from the all-time peak could be seen as a sign of bullish exhaustion. However, mixed oscillators on the daily chart warrant some caution before positioning for further losses. Hence, any further decline is more likely to find some support near the $2,720-2,715 horizontal zone, below which the Gold price could aim to challenge the trend-channel support, currently pegged near the $2,690 region. Some follow-through selling would mark a bearish breakdown and pave the way for some meaningful corrective fall in the near term. Gold now sell 2740 Support 2730 Support 2725
OANDA:XAUUSDShort
by JohnHarry_7
7
Gold price analysis November 5Fundamental Analysis Gold prices reversed intraday losses to hit a more than one-week low and traded around $2,738, largely unchanged on the day ahead of the European session on Tuesday. Safe-haven demand stemming from a bitterly contested US presidential election and the risk of escalating geopolitical tensions in the Middle East provided some support for the precious metal. Furthermore, the unraveling of the “Trump deal”, coupled with bets that the Federal Reserve will cut interest rates further amid signs of a cooling US labour market, continued to drag US Treasury yields lower. This, in turn, fueled fresh US dollar selling and became another factor in favour of non-yielding gold amid cautious sentiment across global equity markets. However, the upside momentum in Gold remains limited as traders seem reluctant to place positive bets ahead of the key event risks this week – the US presidential election and the Federal Open Market Committee (FOMC) meeting. Meanwhile, the release of the US ISM Services PMI Index on Tuesday will be looked at for short-term trading opportunities later in the North American session. Technical Analysis Gold is trading sideways in a narrow range between 2747 and 2725. Today the market is focused on this range as it breaks out of the notable port zone of 2758-2760 and 2712-2710 to generate reasonable BUY and SELL signals. Today’s strategy is quite basic in a day when gold is trading dull and trendless.
OANDA:XAUUSD
by TVS-Trader
US Presidential Election Forex Analysis5th November US Presidential Election DXY: Could retest 103.50 area, and rebound up to cover gap and up to 104.30 (if price breaks 103.40 could trade down to 102.90) NZDUSD: Sell 0.6040 SL 20 TP 80 AUDUSD: Sell 0.6635 SL 20 TP 60 (trend following) Counter trend opp: Buy 0.6670 SL 30 TP 90 GBPUSD: Sell 1.2980 SL 40 TP 130 EURUSD: Buy 1.0930 SL 30 TP 70 USDJPY: Ranging between 151.70 and 153.40, looking for breakout potential following major news USDCHF: Buy 0.8650 SL 20 TP 55 USDCAD: Sell 1.3870 SL 20 TP 50 Gold: Needs to break 2730 to trade down to 2710 and then possible rebound
TVC:DXY
by JinDao_Tai
GOLD → The US election and how does XAUUSD depend on it?FX:XAUUSD is waiting for strong news. The price continues to test and even update local lows, but in the next 1-2 days you need to be careful as high volatility is expected. The main issue on the agenda is the US presidential election. High volatility is expected. Until last week, markets were pricing in a Trump victory (his policies on immigration, tax cuts and tariffs will put upward pressure on inflation, bond yields and the US dollar). But on Monday, the situation showed a slightly different picture, with the odds of a Harris victory (opposite, successor, policies) rising In addition, expectations of a less aggressive easing cycle from the Fed are also supporting the dollar. Also, markets are taking into account the ongoing Middle East conflict between Israel and Iran. Technically, the emphasis of the flat boundaries. While the price is trading inside, but most likely an attempt to get out of the accumulation will be formed.... Resistance levels: 2745, 2758 Support levels: 2731, 2724, 2713 Technically, gold continues to test support with the aim of retesting deeper liquidity zones below. But the risks are quite high right now. Gold is still feeling the support, so there could be unpredictable market reactions depending on the outcome! Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
GBPUSD technical bearish, eye on BoE MPCMarket expectations for the November 7 meeting The Bank of England's (BoE) Monetary Policy Committee (MPC) will meet this Thursday, with 90% of market participants expecting interest rates to be cut by 25 basis points from 5% to 4, 75%. This follows the central bank's first interest rate cut of 2024, which took place at the meeting ending on July 31, 2024. At this meeting, the MPC voted with a majority to reduce the Interest Rate Bank interest rate 0.25%, down to 5%. Key economic indicators influence decisions Recent data paint a complicated picture for BoE decision-makers. The current inflation index of 1.7% is lower than the bank's 2% target, so is no longer an immediate concern for the BoE. According to the Office for National Statistics, the UK unemployment rate (for those aged 16 and over) is estimated to be 4.0% in June to August 2024 compared to 4.1% before there. From June to August 2024, average annual employee regular earnings growth (excluding bonuses) is 4.9% and the region's average annual regular earnings growth public sector was 5.2%, down 5.7% compared to the same period three months ago; for the private sector it is 4.8%. Global monetary policy context The US Federal Reserve (Fed) also meets this Thursday, with markets pricing a 25 basis point interest rate cut to 4.50%-4.75% with a probability of nearly 100%. This creates an interesting context for the BoE's decision as global central banks are increasingly shifting their focus from fighting inflation to supporting economic growth. Analyze technical prospects OANDA:GBPUSD On the daily chart, GPB/USD recovered from the lower edge of the price channel, however, the recovery was limited as the main trend of GBP/USD up to now is still a downtrend noticed by the channel. price. GBP/USD is also under pressure from the 0.236% Fibonacci retracement level, the 1.30042 horizontal resistance level and the EMA21 moving average. Even if GBP/USD manages to move above 1.30042, it still doesn't have much solid bullish conditions as there are other resistance levels above from 1.30448 and the confluence of the upper channel edge with the 0.382% Fibonacci. As long as GBP/USD remains below Ema21 and within the price channel it remains technically bearish, while the Relative Strength Index is also close to 50, the 50 level being considered resistance when RSI is below this level. During the day, the technical outlook for GBP/USD is bearish with the highlights listed below. Support: 1.29073 – 1.28448 Resistance: 1.29842 – 1.30042 – 1.30448 – 1.30705
by Xayah_trading
EURUSD: Recovery in Sight Following Prolonged DowntrendThe EURUSD pair has shown signs of recovery after an extended downtrend, aligning with Dow Theory’s principles of reversion to the mean. Key market factors, including recent U.S. dollar weakness due to speculations around the Federal Reserve’s future rate decisions, have contributed to this upward movement. On the provided chart, EURUSD is bouncing back towards the 0.5 and 0.618 Fibonacci retracement levels, which correspond to the 1.09341 – 1.09875 range. These levels serve as immediate targets for a potential bullish retracement, indicating a zone where traders might look for resistance. This recovery aligns with technical indicators and could attract buying interest as long as the price sustains its position above the recent lows. Keep an eye on economic updates and Fed statements, as they could further influence this recovery phase.
Long
by Chipucu
2
XAU/USD 05 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in yesterday's intraday analysis dated 04 November 2024, I mentioned that price was expected to continue targeting the weak internal low. Price followed this expectation, reaching the weak internal low and printing a bearish iBOS. Subsequently, price has printed a bullish CHoCH, indicating the initiation of a bullish pullback phase. Internal structure has also been confirmed. Intraday Expectation: Price is expected to react at either premium of the 50% EQ or the M15 supply level before targeting weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK