GOLD BUYING MORE AFTER BREAKOUT hello traders as i can see Gold is shining more day-by-day investors are not missing any dip Geopolitical issues are showing us more demand of safe haven in market and technically charts always talk if anyone can read correctly, we can see a fib retracement on GOLD to 0.382 and holding a uptrend line zone now if it breaks last ATH then we can see these new levels on gold before the elections US Economy is shrinking day by day weaker labor markets and more war geopolitical pressure which boost the demand of safe haven GOLD our risk rewards is grt on this trade make a proper analysis before taking any trade it a trade idea by trend and technical view Stay tuned for more updates
Xauusd(w)
Gold prices will continue to rise after the market opens
As of the market close, a total of six trades were executed today, with two sell orders at $2732 and $2738, and four buy orders around $2727. All members of the rapid trading strategy group reported profits, and low-position buy orders are being held into the close, anticipating a target exit above $2731 tomorrow.
The current market remains in a bullish trend, with recent pullbacks considered mere technical corrections. The recommended strategy is to focus on buying at lower levels, with critical support identified in the 2700-2712 range. I expect the market will likely break through upper resistance this week.
While the U.S. dollar remains strong, the impending impact of interest rate cuts could provide upward momentum for gold. Additionally, geopolitical factors may also support price increases. In the coming hours, gold prices are expected to experience notable gains, making buying at the market open a prudent choice. The likelihood of an upward movement in the Asian market is very high, followed by a technical correction in the London market before a significant rise in New York. This is my fundamental view for the market tomorrow.
OANDA:XAUUSD BITSTAMP:BTCUSD
Some investors may perceive limited trading opportunities in gold, even facing ongoing losses; however, I disagree. As Warren Buffett famously said, "Be fearful when others are greedy, and greedy when others are fearful." Market opportunities often lie within the current volatility. If you are facing losses, low profits, or uncertainty about your trading direction, please feel free to reach out—I will respond promptly.
Wishing everyone profitable trading in the market each day.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold's Reversal Signals: Why I'm Watching for a Drop Below 2700?Yesterday, I mentioned that a correction in OANDA:XAUUSD seemed imminent, even though we didn’t yet have confirmation at that moment, and I emphasized that buying no longer appeared attractive at these levels.
Indeed, after reaching another all-time high of 2740 during the day, a strong sell-off followed, pushing the price down to the 2715 zone.
Currently, the bulls are back in control, but in my view, this looks more like a natural rebound aligned with the broader trend, rather than a renewed surge in buying interest.
The 2740 level now serves as significant resistance, and a fresh reversal from this zone could very well occur.
For the bulls, the key support level lies in the 2725-2730 range. A drop below this zone would signal the beginning of a potential new downward move.
From my perspective, I'm focused on selling opportunities.
A break below 2700, with a move toward the 2685-2690 support range, is what I’m closely watching for.
Gold continues to conquer new heightsHello everyone! What is the current price of gold? Let's analyze with Victor!
The world gold price today set a new record of 2,747 USD/ounce, up 27 USD compared to the same period yesterday at 2,720 USD/ounce. The world gold price skyrocketed to an all-time high as investors increased their demand for safe capital due to uncertainties surrounding the US presidential election and ongoing military conflicts in the Middle East. In addition, gold is considered a hedge against geopolitical and economic instability and has increased by more than 32% since the beginning of 2024. Lower interest rates also increase the attractiveness of holding gold.
As can be seen on the 2-hour chart, gold is showing an extremely positive technical outlook. With moving averages sloping up and technical indicators supporting the bullish trend, gold is ready to conquer new highs. The $2,733 support level acted as a solid cushion in line with the 34 EMA and the rising channel limit, allowing gold to easily clear the $2,747 resistance and move strongly towards the $2,770 target.
So, what do you all think about gold prices today? Will the bullish momentum continue?
XAUUSD Update and How To Day Trade GOLD👀👉 This is an update to my previous video. In that session, I discussed the importance of identifying a retracement and waiting for a bullish structure break to enter long positions. In this video, we will analyze gold on a lower timeframe, specifically focusing on strategies for engaging with the trend on a 15-minute chart. Disclaimer: This video is intended for educational purposes only and should not be considered financial advice. 📊✅
XAU 1M Gold price formation history and future expectationsGold , or as denote the main trading pair XAUUSD , has been gaining a lot of attention around itself in recent years.
As soon as major analysts or hedge fund top-managers begin to say that the next crisis is near, investors immediately start buying gold as a defensive asset, and its price, accordingly, goes up.
Let's walk a little through the history of the Gold price.
We finished drawing the graph, to what exists on tradingview.com, based on the data that is freely available.
1) In 1933, to overcome the crisis after the "Great Depression", US President Roosevelt issued a decree on the confiscation of gold from the population. The price for an ounce of gold is set at $20.66.
2) In 1971, a real rise in the value of gold begins. After decoupling the US dollar rate from the "gold standard", which regulated the cost of 1 troy ounce of gold at $35 for a long period from 1934 to August 1971.
3) 1973 - "The First Oil Crisis" and the rise in the value of gold from $35 to $180 - as the main anti-crisis instrument, a means of hedging investment risks.
4) 1979-1980 Islamic Revolution in Iran (Second Energy Crisis). The cost of gold, as the main protective asset, in a short period of time grows more than 8 times and sets a maximum at around $850
5) During 1998-2000, the world swept through: the "Asian economic crisis", defaults in a number of countries, and the cherry on the cake - the "Dotcom Bubble". During this period, the price of gold was twice aggressively bought out by investors, from the level of $250. It was a clear signal - there will be no lower, next, only growth!
6) And so it happened, from 2001 to 2011 there was an increase in the value of gold from $250 to $1921 . Even the mortgage crisis of 2008 could not break the growth trend, but only acted as a trigger for a 30% price correction.
Looking at the XAUUSD chart now, one can assume that large investors were actively buying gold in the $1050-1350 range during 2013-2019.
It is hard to believe that investors who have been gaining long positions for 6 years will be satisfied with such a small period of growth in 2019-2020.
For ourselves, we establish a Gold purchase zone in the range of $1527-1600 per troy ounce, from where we expect the growth trend to continue to the $3180-3350 region
What are your views on the future price of gold? Share them in the comments!
Market Analysis: Gold Rallies To New ATHMarket Analysis: Gold Rallies To New ATH
Gold price started a fresh surge above $2,720.
Important Takeaways for Gold Price Analysis Today
- Gold price started a strong increase from the $2,645 zone against the US Dollar.
- A major bullish trend line is forming with support at $2,735 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price formed support near the $2,645 zone. The price remained in a bullish zone and started a fresh increase above $2,680.
The bulls even pushed the price above the $2,720 level and the 50-hour simple moving average. Finally, it traded to a new all-time high at $2,748. The price is now consolidating gains near the $2,745 zone and the RSI is above 50.
Initial support on the downside is near a major bullish trend line at $2,735 and the 50-hour simple moving average. The next support sits near the 23.6% Fib retracement level of the upward move from the $2,645 swing low to the $2,748 high at $2,725.
The first major support is near the $2,700 zone or the 50% Fib retracement level of the upward move from the $2,645 swing low to the $2,748 high.
If there is a downside break below the $2,700 support, the price might decline further. In the stated case, the price might drop toward the $2,670 support. Immediate resistance is near the $2,748 level. The next major resistance is near the $2,750 level.
An upside break above the $2,750 resistance could send Gold price toward $2,765. Any more gains may perhaps set the pace for an increase toward the $2,780 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Xauusd sell signal On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base.
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.
Gold now sell 2754
Support 2737
Support 2729
eurusd h8 buy/hold bounce setup +200 pips🔸Hello traders, let's review the 8hour chart for EURUSD today. Bears maintain control since we cracked the heavy psych level at 1.10 currently trading near 1.09 and expecting further losses before a potential bounce.
🔸Based on recent data from 2024 we had multiple 3.6% corrections before
the bounces for 150-300 pips in EURUSD. specifically we had a 4% correction,
3.8% correction, 3.6% correction, 3.2% correction, 2.2% correction before
strong bounces off the lows. Current correction projected to complete near
0800, this is a 3.6% correction which is typical for eurusd.
🔸Recommended strategy for EURUSD traders: focus on buying low near
0800. SL fixed at 0750 TP1 +150 pips TP2 +200 pips final. good luck traders!
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SasanSeifi|Bearish Momentum Targets Key Support Levels! Hey there, ✌ OANDA:EURUSD In the daily timeframe, the price advanced toward the liquidity level of 1.11300 and the 1.12 price range with a significant upward trend. Following this rise, corrections occurred, and after forming a low, the price again moved towards the key 1.12 level. However, with the failure to break the previous high, a double top was formed, leading to another wave of corrections.
⏭Currently, after breaking the low at the 1.10 level, the price has retraced to 1.095. The overall outlook is bearish, with potential corrections targeting 1.086 to 1.082. If momentum weakens around the support range of 1.095 to 1.090 and a confirmation is received, the price may enter a consolidation phase, ranging between 1.10, 1.10400, and 1.10800.
🔹After this, we might see a pullback followed by further corrections. Monitoring price reactions at the first demand zone will provide better insight. However, if the selling pressure continues and the demand zone is broken, the price could target the corrective levels of 1.086 and 1.082 within the FVG and order block areas.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
XAUUSDXAUUSD The trend is still in a strong uptrend. From the very high price, we expect that in the short term, the price may have a correction at 2757-2761. If the price cannot break through 2761, it is expected that the price will go down. Consider selling the red zone.
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Please consider carefully whether such trading is suitable for you.
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GOLD → Consolidation at bullrun. Shall we update ATH?FX:XAUUSD is forming the lower boundary of consolidation within the local correction. False breakdown of MA-50 and support at 2713 activate buying. Bulls are aggressively buying gold at every opportunity
Uncertainty around the US presidential election, market caution ahead of key US earnings reports are reviving demand for traditional safe-haven gold. In terms of the upcoming interest rate cut, the market has probably already resigned itself to the most likely 0.25% cut. Also, we continue to monitor the difficult economic environment in the markets of China... The Middle East conflict is still at the same level, with no signs of escalation or de-escalation, but it should not be overlooked.
The metal is forming a sideways range of 2739 - 2713 - consolidation. A primary retest of resistance could trigger a correction to 2728, or deeper, but with a high probability, gold could continue to rise
Resistance levels: 2739, 2750
Support Levels: 2728, 2713
Price may test the ATH in the near term. If the bulls break the resistance and hold the defense above 2739, gold may continue to rise.
If a bounce or false breakout is formed, the price may test the nearest support. Next, we need to watch for a reaction. If gold will return to retest 2739, then the chances of a breakout and further growth will grow!
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
XAUUSD Possibly heading to GALAXY!XAUUSD has broken out of the monthly resistance and price started to bounce back up to the resistance. Multiple timeframe is showing bullish price action with price trading above 10EMA which is indication of strong trend. Currently price is breaking out of resistance on 4H timeframe with strong liquidity grab from the support. As price has not specific resistance to follow, we may see price having a strong breakout. Is it heading to Galaxy?
Gold Trading Strategy Here’s a quick summary based on the chart:
Current Trend: The price of gold is in a strong uptrend, indicated by the upward arrow and the parabolic curve that suggests continued bullish momentum.
Support Zones: There are three key support zones highlighted in light blue:
Around $2,626.60
Around $2,600.00
Around $2,521.33
These zones act as potential areas where buyers could step in if there is a retracement in price.
Moving Averages: The chart shows two moving averages that are trending upward, further confirming the bullish sentiment in the market.
Price Action: The price is currently above the nearest support level, indicating that there is room for further upward movement.
Trading Strategy: The chart suggests a continuation of the bullish trend, with potential pullbacks to the support zones being good opportunities for traders to consider long positions. The overall outlook remains positive, with a likely target above $2,800.
This visual guide provides a clear indication that gold traders should remain attentive to the support zones and the strong upward momentum for further potential gains.
Gold prices continue to rise at the end of the week!Hello everyone, what do you think about the gold price?
Today, the gold price is on an upward trend, after the buyers previously completed conquering the highs at 2661 -2700 - 2720 respectively, the price has started to increase and is currently trading at a new high of 2721 dollars. This increase is due to the fact that the two largest and second largest economies in the world, the US and China, have both announced negative economic data, which has boosted the demand for gold reserves. In addition to the reason for the poor economic information, investors expect the US Federal Reserve to cut the USD interest rate in early November, the market also expects the upcoming US election in November.
As seen on the 4-hour chart, the gold price has been continuously pushed up since the price broke out of the downtrend and in addition, the new peak is still unclear before the weekend close, showing that the upward trend will continue. Using the Fibonacci extension, I expect and forecast that the gold price will likely move in the Elliott wave (1,2,3,4,5) and target higher levels at around 1.618 i.e. (2739) and if 1.272 (2717) holds, the price will increase higher to level 2 (2762) to continue to set as the final target.
At this time, the realization phase is forming, Conan is waiting for confirmation with the aim of further strengthening in the coming time. What do you think about this view?
GBP/USD: Is the Dollar Weakness Back?After a brief two-day recovery, GBP/USD reversed course on Monday, losing 0.5% and continuing to show signs of weakness on Tuesday morning, trading slightly below the 1.3000 level. Market sentiment was cautious at the beginning of the week due to escalating geopolitical tensions in the Middle East, which bolstered demand for the US Dollar as a safe haven. The US economic calendar features the Richmond Fed Manufacturing Index for October, though it is not expected to significantly impact the market. Additionally, Bank of England Governor Andrew Bailey will deliver a speech at the Bloomberg Global Regulatory Forum in New York, but without expected comments on monetary policy, the event could have a minimal effect on the pound.
The next important data releases for GBP/USD will be on Thursday, with the preliminary PMI Manufacturing and Services Index data for the UK and the US, which could provide further direction for the pair. It is also worth noting that on Tuesday, the market closed the day with a doji candle, opening up a potential bullish opportunity. We will see if today, during the London session, the market provides a clear confirmation to go long.
Happy trading, and have a great day!
Xauusd prices increased in the context of the US also climbingWorld gold prices are also supported when the money flow into the US stock market shows signs of decreasing after the Dow Jones, S&P500, and Nasdaq indexes have all continuously set records in nearly 5 months.
The race for the White House is getting into a dash phase, very fierce with symptoms and symptoms of a reversal toward Donald Trump. The election will take location on November 5. This is taken into consideration to be a turning factor for the gold market.
Many human beings consider that Mr. Trump can clear up geopolitical conflicts in a few areas, thereby riding down gold prices. However, many human beings are afraid that Mr. Trump`s strong-arm guidelines may want to shake the world.
Many specialists expect that each Mr. Trump and Ms. Kamala Harris will step up pumping cash and stimulate the economic system if elected. Besides, gold additionally advantages whilst americaA maintains to reduce hobby costs as planned.
Gold charge forecast 23/10/2024As of 8:45 a.m. on October 23, the world gold price listed on Kitco was at 2,738.4 USD/ounce, an increase of 8.6 USD/ounce compared to the beginning of the previous trading session.
Gold charge forecast
World gold expenses are anchored excessive no matter the growing USD index. Recorded at 8:forty five a.m. on October 23, americaA Dollar Index measuring the fluctuation of the dollar with 6 essential currencies became at 103,749 points (up 0.12%).
Early this morning, global gold expenses reduced as compared to remaining night`s session, however had been nevertheless indexed round document highs. Overall, from the start of the 12 months till now, gold bars have accelerated via way of means of greater than 32%.
Gold has risen no matter growing greenback and Treasury yields, and the upward thrust in gold expenses has outweighed weaker bodily call for and better supply, analysts stated.
Exinity Group marketplace analyst Han Tan stated gold ought to overcome unheard of charge degrees if the valuable steel maintains to disregard the healing in US Treasury yields and the electricity of the silver greenback. green.
💎 TVC:GOLD Buy limit 2724 - 2722💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2716
➖➖➖➖➖➖➖➖
💎 TVC:GOLD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2758
Gold price may rise to $3,000 by the end of this yearBusinessInternationalWednesday, October 23, 2024, 08:34 (GMT+7)
World gold prices increased again
The need for shelter when geopolitical tensions escalated pushed gold prices to a new peak, at 2,748 USD an ounce.
Closing the trading session on October 22, the world spot gold price increased nearly 30 USD to 2,748 USD per ounce. This is a new record high for the precious metal.
"Geopolitical tensions are still the main cause. The US presidential election will take place in two weeks and the race is still very close. Political instability is driving up the need for shelter."
The latest Reuters/Ipsos poll shows that Vice President Kamala Harris's support rate is currently 46%, slightly higher than former President Donald Trump's 43%. "This closeness is creating a situation of uncertainty. This environment is beneficial for gold," said analysts at BNP Paribas bank.
Grant predicts that if tensions in the Middle East continue to heat up, the price could rise to $3,000 by the end of this year. Since the beginning of the year, the price has increased 33% and continuously set new peaks.
💎 OANDA:XAUUSD Buy limit 2724 - 2722💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2716
➖➖➖➖➖➖➖➖
💎 OANDA:XAUUSD Sell limit 2750 - 2748💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2758
Gold Benefits From Political TensionsThe technical analysis of the gold chart shows that the price has increased sharply and broken the resistance level near $2,743/ounce. The EMA 34 and 89 continue to point up, reinforcing the long-term uptrend. It is expected that the gold price may have a correction to the $2,700 level before continuing to increase to higher targets around $2,800 and $2,950, corresponding to the Fibonacci levels 1.0 and 1.618.
The political news factor also contributes significantly to the fluctuations of the gold price. The US presidential election in November is strongly affecting the market sentiment. If Mr. D.T. wins, the gold price is likely to decrease due to expectations that he can resolve geopolitical tensions. However, strong economic policies from both candidates may also increase economic stimulus and money injection, further supporting the gold price increase.