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Xauusdbuy

XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024 Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal. The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
3
#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis** Hello Traders, Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character. The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them. Best of luck and trade safely.
OANDA:XAUUSDLong
by Setupsfx_
22
How Much Gold Should You Hold in Your Portfolio? Gold, often referred to as a safe-haven asset, has historically been a reliable hedge against inflation, economic uncertainty, and geopolitical risks. As the global economic landscape becomes increasingly volatile, many investors are turning to gold to diversify their portfolios and protect their wealth. The Case for Gold • Inflation Hedge: Gold has traditionally been a reliable hedge against inflation. As the purchasing power of fiat currencies erodes, the value of gold tends to rise. • Diversification: Gold has a low correlation with other asset classes like stocks and bonds. This means that adding gold to your portfolio can help reduce overall risk. • Safe-Haven Asset: In times of economic turmoil or geopolitical uncertainty, investors often flock to gold as a safe-haven asset. • How Much Gold Should You Own? The optimal allocation to gold in a portfolio depends on various factors, including your risk tolerance, investment horizon, and overall financial goals. However, in the current economic climate, many experts recommend allocating a significant portion of your portfolio to gold. A 15-20% Allocation: A Prudent Choice Given the current economic uncertainty, geopolitical tensions, and inflationary pressures, many financial advisors suggest allocating 15-20% of your portfolio to gold. This allocation can provide a solid hedge against potential downside risks and help preserve your wealth over the long term. Factors to Consider: • Risk Tolerance: If you have a higher risk tolerance, you may consider a higher allocation to gold. However, it's important to balance risk and reward. • Investment Horizon: A longer investment horizon allows for a more aggressive allocation to riskier assets like stocks. However, gold can still be a valuable component of a long-term portfolio. • Market Conditions: Economic conditions, geopolitical events, and central bank policies can significantly impact the price of gold. Stay informed about these factors to adjust your allocation as needed. • Diversification: Ensure that your gold investment is part of a diversified portfolio. This means spreading your investments across various asset classes to reduce risk. • How to Invest in Gold There are several ways to invest in gold: • Physical Gold: Buying physical gold in the form of coins or bars is a traditional method. However, it requires secure storage. • Gold ETFs: Gold exchange-traded funds (ETFs) provide a convenient way to invest in gold without the hassle of physical storage. • Gold Mining Stocks: Investing in gold mining companies can offer exposure to the gold market, but it comes with additional risks associated with the mining industry. • Conclusion In conclusion, while gold may not offer the same potential for high returns as other asset classes, it can be a valuable tool for risk management and wealth preservation. By allocating a significant portion of your portfolio to gold, you can protect your wealth against a range of risks and secure your financial future.
OANDA:XAUUSDLong
by bryandowningqln
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below. Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757. Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757. As for today's trading direction, I think it is feasible to choose to short at a high level
TVC:GOLDShort
by AntonyTP
1
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy. Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
OANDA:XAUUSDShort
by Mia-Signal
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
4
Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off! After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop. For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest. If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Escalating Middle East Tensions and Gold Trading StrategyIsrael has launched an attack on Iran, but the missiles were intercepted by Iran's air defense system, resulting in minimal casualties. Interestingly, in the attacked areas, people stood on rooftops to watch the “fireworks,” which is quite a humorous image. The response from Iran regarding this attack will be important to monitor. Regardless, the war continues, and for gold, another rise seems inevitable. After the market opens on Monday, I believe we can pursue the bullish trend. When the price approaches previous highs, we should close our long positions and begin selling, aiming for a small swing trade. If the price gets near MA20 and shows strong support, we can continue to buy; if not, we’ll consider buying again near MA60.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
2
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it. This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars. Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise. On the contrary, if it closes below 2735-2740, there may be adjustments. For the day, I am more optimistic about buying at low levels and bullish
TVC:GOLDLong
by AntonyTP
1
XAUUSD: Trading In The 2720-2740 RangeI'm not sure if everyone followed the signals before last Friday's close, but if you did, today's trade should definitely be profitable. Currently, after filling the gap from today’s lower opening, gold has once again begun to decline, forming a pattern similar to a double top. While there is some support at the current level, it is not strong. From the perspective of the ascending trend, strong support should be around 2722, while the horizontal support from the head and shoulders pattern lies in the 2718-2712 range. By connecting the high point from last Friday's close to the high point of today's rebound, we can identify a downtrend, with resistance located near 2737. Therefore, today's subsequent trading will primarily focus on the range between 2740 - 2720. If the trend breaks, we will need to adjust our strategy accordingly.
OANDA:XAUUSD
by Mia-Signal
Strategic Gold Trading in NFP Week: Steady PositioningStrategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach. Specific Trade Setups: Enter long positions on gold between the 2725-2728 range Initiate short positions on gold between the 2737-2739 range Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
OANDA:XAUUSDLong
by Falcon-Training-Camp
GOLD with two probabilities for 10/28/2024GOLD with a high probability to make the decision for 10/28/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
FXOPEN:XAUUSDShort
by Abderrahmane_24
10/25 ! XAU ! stable trading above 2720XAU / USD trend forecast October 25, 2024 Gold prices rose on Thursday as falling US Treasury yields drove demand for safe-haven assets. Increased tensions in the Middle East and concerns about the US election are supporting gold. At the time of writing, XAU/USD is trading at $2,734, up 0.72%. Despite improved risk appetite, as seen in Wall Street's positive performance, US labor market data remains strong, contrary to the Federal Reserve's projections, which prompted a 50 basis point rate cut in its last meeting to avoid over-tightening. Gold price is stable, sideways after a strong increase at the beginning of the week, sideways in the price range of 2720 - 2758 /// SELL XAU : zone 2756-2759 SL: 2764 TP: 50 - 200 - 300 pips (2728) /// BUY XAU : zone 2710-2713 SL: 2705 TP: 50 - 200 - 300 pips (2740) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold continues to riseDear traders, we bring you better trading strategies every day. We hope you will leave your support after watching. After CPI and the number of people receiving unemployment benefits, the US dollar index rose and fell, and gold rebounded upward, allowing the previous weak pattern to continue to return to the range operation. In addition, based on the fact that there was no excessive retracement in the early morning, it rose again to test around 2631. It is difficult to have a large downward space for the day, which increases the demand for continued rebound. In the previous trading day, we first looked at the rebound around the bottom support of 2604, and then looked at the downward trend twice around the top low position of 2624. After three highs of 2624 in the late trading, we did not enter the market again, and finally broke through 2624 and went higher. This round of correction is likely to stop at 2604. Gold has touched the 2600 mark many times but failed to break down successfully. At present, the one-hour market trend has reached 2602 three times and has been pulled up. The support effect of 2600-2602 is obvious, and the gold pull-up has broken through the previous 2624 suppression. In the short term, it will continue to climb upward. In terms of operation, we will mainly do more. In the 4-hour chart, the stochastic indicator crosses upward, indicating a bullish trend. The 4-hour chart has not formed a dead cross yet. If the dead cross crosses downward, the gold price can fall. At present, the gold price in the one-hour chart is running above the moving average. The moving averages have overlapped and are about to form a golden cross, which is basically a done deal. This will inevitably boost the bullish momentum. Today, pay attention to the support of 2625-2620 below and the pressure of 2650-2660 above. In terms of operation, the callback is mainly bullish.
OANDA:XAUUSDLong
by jfqch1
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.
OANDA:XAUUSDLong
by jfqch1
Week of Consistent Wins: Gold Strategy PositioningThis week’s gold strategy has achieved a remarkable 100% success rate, with those who closely followed the trades seeing a 200% profit—congratulations to everyone on consistent gains! Today marks the final trading day of the week, and this key setup will define our closing profitability for the week. Fundamental Analysis: The “U.S. Initial Jobless Claims for the week ending October 19” was a significant bearish driver for gold yesterday, leading to a sharp price drop. This further confirms the strengthening U.S. economy, which continues to weigh on gold. Today’s “October University of Michigan Consumer Sentiment Index Final” will also reflect U.S. economic conditions and likely adds to the bearish sentiment on gold, presenting another trading opportunity. Technical Analysis: Although the daily chart previously formed a bullish engulfing pattern, this setup has invalidated as gold prices moved higher, and buying pressure increased. Additionally, the Relative Strength Index (RSI) has ceased its decline and is resuming an upward trajectory in the bullish region, signaling renewed buyer interest. Today's Strategy: Based on a combined analysis of fundamental and technical factors, today’s first move is to go long on gold, with a profit target at the 2733-2734 level. After the long position reaches the target, a short position can then be initiated with a profit target between 2720-2718. Given the complex nature of today's trades, if you require my guidance or wish to join the VIP for more real-time strategies, feel free to reach out!
OANDA:XAUUSDLong
by Falcon-Training-Camp
XAUUSD: Key support 2718-2712As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits. The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading. From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
OANDA:XAUUSDShort
by Mia-Signal
Gold: A Rebound to 2730 is Not a ProblemYesterday, gold experienced a dramatic decline. I'm curious how everyone fared—did you make a profit or incur a loss? If you made money, you can continue to profit today; if you lost, follow my lead today, and I’m sure I can help you. In scenarios like yesterday's drop, a rebound is inevitable. Remember this: after a significant decline, a rebound will follow, and after a significant rise, a correction will occur. These are major trading opportunities that every trader should seize. For this rebound, we won’t set overly ambitious targets. Although my psychological expectation is above 2740, I’m not willing to take that risk. I’d prefer to close my buy positions before hitting 2740 and patiently wait for it to rise before considering selling. That’s all for now. If you want to see more detailed and specific signals, reach out to me, and you'll gain access.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again. Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space. The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
OANDA:XAUUSDLong
by Mia-Signal
2