Get started

Xauusd(w)

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
XAUUSD: Breakout or Deep Correction?On the 4-hour chart, XAUUSD is on a strong upward journey but now faces a key resistance zone at 2,758.158. This is a major barrier; if breached, gold could continue its breakout. However, if it fails to conquer this level, the price may correct down to the support zone at 2,717.700, where the EMA 34 stands firm like a “fortress” safeguarding the uptrend. Optimal strategy for traders: look for a long position if the price rebounds from support, or short if resistance holds strong. Each price swing is a chance for explosive gains, and your decision is the key to unlocking profits!
OANDA:XAUUSDLong
by Zola_Hello
Is the Gold Rally Over? Preparing for the Next Wave of SellingSince the beginning of the week, I've been making the case that Gold's recent move has become overextended, and that complacency in the market often precedes strong reversals. This type of overconfidence, where traders believe the uptrend will continue indefinitely, can lead to sudden and sharp corrections when sentiment shifts. Indeed, after reaching yet another all-time high at 2758, OANDA:XAUUSD began to pull back. Once it broke below the key support level of the rising channel, the downward momentum intensified, leading to an accelerated sell-off. This drop culminated in an intraday low of 2708—an impressive 500-pip decline from top to bottom. Looking ahead, in my view, this correction is not over yet. I believe we are likely to see a new wave of selling pressure in the coming sessions. The market may experience brief rebounds or retracements, but these should be seen as opportunities to position for further downside. My strategy moving forward is to sell into this rebound, with negation if we have a new ATH. Until that happens, the primary target for this move remains the 2680-2690 support zone, which could provide a more substantial floor for the price in the near term.
OANDA:XAUUSDShort
by Mihai_Iacob
10
Gold prices are influenced by inflation risks and political.World gold prices decreased slightly when the USD index increased. Recorded at 9:15 a.m. on October 28, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,357 points (up 0.22%). Nine analysts participated in Kitco News' gold survey. Last week's near-bullish consensus has narrowed. 5 experts expect gold prices to increase this week, while another 2 experts expect the price of this precious metal to decrease. The remaining two analysts remain neutral on gold's short-term prospects. Meanwhile, 213 votes were cast in Kitco's online poll. The majority of Main Street investors believe that gold has an upward trend. 126 traders expect gold prices to increase this week. There are 47 people who expect precious metals to decrease. The remaining 40 investors said that prices will tend to move sideways this week. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2740 - 2738 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2748
OANDA:XAUUSDLong
by FalCol_TradingMaster
Can Gold hit 2800/2900 usd in November?🔸Hello guys, today let's review 6HOUR price chart for gold. Trading above key s/r zone 2500 usd, most likely downside is very limited as the bulls are still pushing for the new highs. 🔸Key s/r zones defined at 2600 usd / 2700 usd / 2800 usd / 2900 usd. All dips so far get scooped up and therefore downside remains limited as the bulls are targeting 2800/2900 usd. Into US elections most likely we will test 2900 usd. 🔸Price re-accumulated near 2600/2700 usd before clearing resistance at 2700 usd. right now trading at 2735 usd. 🔸Recommended strategy position traders: BULLS focus on scooping up dips near 2700 USD, downside remains limited by 2500 USD. TP1 bulls 2800 usd TP2 bulls 2900 usd. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
OANDA:XAUUSDLong
by ProjectSyndicate
14
XAU/USD 28 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as yesterday's analysis dated 27 October 2024. -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal. Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase. Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation. Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/intraday expectation remains the same as analysis dated 24 October 2024. Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase. As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance. Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range. Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also react at nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Levels discussed on 28th October Livestream28th October DXY: Retracing from top of 104.55, could trade down to 104.20 before retesting high again. Needs to stay above bullish trendline. NZDUSD: Sell 0.5980 SL 25 TP 65 (Test and reject bearish trendline) AUDUSD: Sell 0.6565 SL 20 TP 80 GBPUSD: Sell 1.30 SL 25 TP 90 EURUSD: Ranging between 1.0780 and 1.0840, could trade up in smaller timeframe USDJPY: Retracing, could test 152.50, look for rejection, Buy 153.10 SL 50 TP 200 USDCHF: Buy 0.8705 SL 15 TP 45 USDCAD: Look for possible retrace and reaction at 1.3850 Gold: Likely to fluctuate between 2720 and 2747 while directional bias develops
TVC:DXY
by JinDao_Tai
Gold Triangle Breakout! Targeting the Key Pink ZoneGold is forming a triangle pattern on the 1-hour chart, and I’m watching closely for a breakout! 📈 If the price breaks out of the triangle with confirmation, I'll be looking to go long, aiming for the next pink zone as the target 🎯. Strategy: Enter on confirmed breakout, hold until we approach the pink zone, then reduce my position as it may attract sellers. I’ll update here if anything changes! What’s your take on this trade? Let me know below! 👇
CAPITALCOM:GOLDLong
by rebenga93
Gold Rebounds as Bulls Seek New Highs Amid Market ShiftsAt the start of the week, gold has quickly regained its upward momentum, aiming for new highs. Currently, the precious metal is trading around $2,731, with the bulls firmly in control of the market. On Friday, gold saw an influx of buying interest, which slightly eroded the previous day’s gains as the USD weakened. This shift was supported by expectations of a less aggressive easing policy from the Federal Reserve. Additionally, a generally positive tone in the stock market has somewhat dampened demand for this safe-haven asset. However, ongoing political uncertainty in the U.S. ahead of the November 5 presidential election, persistent geopolitical risks from ongoing conflicts in the Middle East, and further declines in U.S. Treasury yields are providing solid support for gold prices.
OANDA:XAUUSDLong
by Pierce_Bowers
XAUUSD_1D🏌‍♂XAUUSD_1D🏌‍♂ Analysis of Anas Gold in daily and long-term time According to Elliott waves, the market is big in wave 3. If the price is maintained above 2713, it is possible to continue the rising wave and it can complete wave 3 at the price of 2990 and 3000 dollars. And then for the mid-term time, enter the correction as wave 4 and then the new wave as wave 5 to complete its range of $3333. ⚠️ In any case, the number 2713 is lost, the price of waves will change. The main number is 2666 dollars.
OANDA:XAUUSDLong
by Elliottwaveofficial
EUR/USD: Pullback Before the Big Drop?The EUR/USD exchange rate remains stable around 1.0790 during early Asian trading on Monday, yet it faces potential downside pressure due to rising expectations of a less dovish stance from the Federal Reserve. Recent encouraging economic data from the United States has fueled these expectations, suggesting the Fed may adopt a more stringent policy in November, which could strengthen the dollar. From a technical perspective, EUR/USD has broken out of its descending regression channel, stabilizing above the upper line. On the downside, support levels are seen at 1.0800 and 1.0750. Last Thursday, EUR/USD displayed some resilience, benefiting from improved market sentiment and a dip in U.S. Treasury yields, leading to a temporary softening of the dollar. However, the pair remains at a crossroads, awaiting fresh cues from the economic calendar, such as U.S. durable goods orders data, which is expected to show a 1% decline. A stronger-than-expected figure could boost the dollar, while a more significant drop might weaken it, though the effect on EUR/USD could be short-lived. The neutral stance in U.S. index futures partly reflects broader uncertainty, leaving open the possibility that shifts in risk sentiment could impact the dollar; a continuation of risk flows favoring safer assets might keep the USD under pressure. Good trading day!
Short
by Forex48_TradingAcademy
1
It is predicted that the price will continue to rise above 2,750Last week, gold prices fluctuated strongly, reaching a record high, but also encountered many difficulties in maintaining the upward momentum, causing experts to have mixed opinions on this week's price trend. According to a survey by Kitco News, the optimism of experts and investors has decreased significantly compared to last week, when only about 56% of experts forecast that gold prices will increase, 22% said that prices will decrease, and the remaining 22% hold a neutral opinion. Marc Chandler from Bannockburn Global Forex believes that gold prices may adjust in the short term. He said that current risks are tilted to the downside, especially if gold breaks the threshold of 2,700 USD/ounce, which could lead to strong selling pressure. Sharing the same opinion, Colin Cieszynski from SIA Wealth Management also forecasts that gold prices may decrease next week because there is no positive news from the BRICS conference for the precious metals market. He said that gold is facing a correction after previously increasing strongly. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2732 - 2734 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2742
OANDA:XAUUSDLong
by TheLeader_WOLF
Gold Rises Short-Term to Close Gap Ahead of US Economic DataBased on the chart and the current situation, I see gold prices are creating a gap and tending to rise to close that gap. This may reflect the cautious sentiment of investors ahead of the release of important US economic data this week, including GDP, unemployment rate, consumer confidence index and some other important indicators on the labor market. US government bond yields are rising sharply, pushing to 4.275%, and the Dollar-Index is also at a high of 104,400 points. These factors usually put downward pressure on gold prices because a stronger USD makes gold more expensive for investors holding other currencies. However, with the gap opening up, I expect a short-term rally to close the gap, before gold continues to test higher resistance levels. The key support level is still around $2,730, and if the price holds at this level, there is a good chance of a short-term rally to fill the gap, giving investors a chance to find a reasonable entry point in the short term. However, I remain cautious with the possibility of a drop to lower levels if US economic data supports the strength of the USD.
OANDA:XAUUSD
by Naoomi