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Xauusdbuy

Break M45 - continue to increase waiting for 2745! 10/21XAU / USD trend forecast October 21, 2024 Gold price (XAU/USD) continues Friday’s breakout above $2,700, gaining momentum for the fifth straight day at the start of the week. This marks its seventh positive day in the last eight, reaching a new record high above $2,730 during the Asian session. Ongoing geopolitical tensions in the Middle East and political uncertainty in the US ahead of the November 5 presidential election support the safe-haven demand for gold. 2 M45 trend lines - gold price continues to rise. Wait for correction to touch EMA then continue to increase. /// SELL XAU : zone 2745-2747 SL: 2753 TP: 50 - 100 - 300 pips (2717) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold Trading Strategy: Today's Gains and Future OutlookBefore Friday’s close, I chose to buy gold at 2719. Today, the opening price rose, and I closed positions at 2723 and 2725, selling within the 2723-2732 range. Currently, the order at 2732 has closed at 2725. The price has dropped to MA30, showing support, though not strong. I believe it will find better support at MA60 (2715). Before that, if a rebound occurs, I consider MA5 (2728) as a reference for resistance. Today has been another profitable day. I'm looking forward to the New York session, where market volatility will increase, and we’ll continue trading then!
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders, We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
OANDA:XAUUSDLong
by Setupsfx_
8
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs. Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices. Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous. The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall. From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level. But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain. The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction. So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.
TVC:GOLDLong
by AntonyTP
1
XAUUSD: $2740 Big Move In Making! Swing BuyDear Traders, The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels. A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block. We extend our best wishes for a successful trading week.
OANDA:XAUUSDLong
by Setupsfx_
21
Next Steps in the Gold Market: Are You Ready?Last week, we made significant profits in gold trading. As a new week begins, I’m eager to hear your thoughts on the gold market. Before the market closed on Friday, I bought gold at 2719, setting a take-profit target at 2725. This setup is based on my predictions of market trends. I believe that after today’s opening, gold will experience a slight increase before starting to correct, testing the support strength of the recent upward trendline. Therefore, my plan is to buy first and then sell, with specific trading signals shared on Friday for your reference. Throughout the trading session, I’ll keep a close eye on market movements and will promptly inform you of any changes, so stay tuned!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
1
XAUUSD will reach 2800 in the short termCurrently, the XAUUSD price has further ascended after three consecutive days of gains, reaching a historic high of $2711. At the same time, the price has touched $2727, nearing the $2730 threshold! The ongoing interest rate cuts by several global central banks, combined with heightened tensions in the Middle East and uncertainties in U.S. politics, provide robust support for the rise in gold prices. Recently, the risk-averse sentiment driven by U.S. political developments and conflicts in the Middle East, along with the accommodative monetary policies of major economies, have continuously supported buying in the XAUUSD market. In this context, the dollar's pullback has further enhanced the appeal of XAUUSD, becoming one of the key drivers of gold's rise this week. It is anticipated that this momentum will carry into the first half of next week, leading to a predominant focus on long positions in XAUUSD today and throughout the latter half of the week. However, technical analysis indicates that XAUUSD may experience some adjustments during its upward trajectory. The resistance level around $2720 could serve as a short-term target. If the gold price corrects, support may emerge in the $2700 region; a breach below this level could lead to a further retracement towards $2680. The $2680 area is viewed as critical support, expected to attract significant buying interest, making it a strategic point for bullish positions. In summary, from a short-term perspective, if the gold price pulls back to the $2700 region, it remains a viable opportunity for continued long positions.
TVC:GOLDLong
by Falcon-Training-Camp
XAUUSD: Sell@2710-2720 Gold has broken above 2700, followed by a slight retracement. Currently, a potential double-top pattern is emerging. Mid-term indicators still show bullish momentum, but short-term factors favor the bears. The trade strategy is to continue shorting. If the price reaches the 2718-2724 range, increase short positions, with a target near 2700. Double-Top Pattern: This is a potential bearish reversal signal, especially if the price fails to break above the previous high and begins to decline, signaling a possible trend change.
OANDA:XAUUSDShort
by Mia-Signal
XAU increased sharply! Continued bullish FOMO⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) rises for the fourth consecutive day, marking six positive days out of seven, and surpasses the $2,700 mark to reach a new record high during Friday's Asian session. Key factors driving this upward trend include anticipated rate cuts by major central banks, Middle East tensions, and uncertainty around the US Presidential election. Thursday's strong US data reinforced expectations of moderate rate cuts by the Federal Reserve (Fed), which boosted the US Dollar to its highest level since early August. However, this hasn't dampened the bullish momentum for Gold, which is set for strong weekly gains. ⭐️Personal comments NOVA: Gold prices show a crazy bull run in 2024 - continuing the crazy uptrend. Above the $2700 zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2733 - $2735 SL $2740 TP1: $2725 TP2: $2715 TP3: $2700 🔥BUY GOLD zone: $2684 - $2686 SL $2679 TP1: $2692 TP2: $2700 TP3: $2710 ⭐️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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3
Golden Investment Strategy: Opportunities Amidst TensionThe current international situation is indeed tense, leading to a continuous rise in gold prices, which are now nearing $2700, compared to under $2000 last year. It is striking that "when the cannon fires, gold weighs heavy." Until international relations stabilize, a significant drop in gold prices seems unlikely, so our investment strategy should favor a bullish approach. Based on current conditions, MA30 will serve as a crucial support level; as long as this level holds, we can pursue long trades. However, a slight adjustment is expected today, potentially dropping to around $2684. For the highs, we should look towards the $2704-$2712 range—if we reach that point, a decisive sell is advised. If $2700 remains unbroken for an extended period, consider a small short position, and upon a pullback to MA30, execute a minor long trade to see if a breakthrough occurs. If a breakthrough happens, significant selling should take place, aiming to close positions around $2688.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
XAU ! 10/17 waiting for new ATH 2712XAU / USD trend forecast October 17, 2024 Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold. Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712 /// SELL XAU : zone 2712-2715 SL: 2720 TP: 50 - 100 - 300 pips (2685) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
After making a profit, how to plan the next strategyWe strategically positioned ourselves a few hours ago ahead of the U.S. data release, successfully capitalizing on a significant profit wave. Following the data-driven volatility, we anticipate a transition to a more technical-driven market. Analyzing the hourly candlestick chart, we observe that XAUUSD remains in an upward trend; however, the potential for further gains is diminishing, indicating an impending shift in market momentum. Key resistance is identified at 2700, with support around 2688. Absent any major news or data releases, the trading range appears constrained, making it essential to accurately gauge market movements to achieve profitable outcomes. Our forthcoming trading strategy is as follows: XAUUSD: Short near 2700; Long near 2688.
OANDA:XAUUSD
by Falcon-Training-Camp
XAUUSD: Key Resistance at 2698-2708Yesterday, gold successfully held the support level between 2668 and 2663 during its pullback and subsequently began a consolidation and upward trend. As highlighted in my previous analysis, the strategy was clear: if the price held above this support, we would go long; if it broke below, we would wait for a rebound to go short. If you followed this analysis, I trust you captured significant profits from this movement. Currently, the price is approaching the crucial resistance level of 2700, where substantial selling pressure is anticipated. It's possible that the price may either break through and subsequently pull back or begin to retreat as it nears this level. Therefore, the prudent approach is to adopt a short position initially and then reassess the situation based on support levels to determine whether to transition into a long position.
OANDA:XAUUSDShort
by Mia-Signal
Gold on the Verge – Breakout to 2,705 or Drop Back to 2,673?Alright, folks, Gold (XAU/USD) is flirting with a breakout. If the bulls push it past 2,705, we could see some real upside momentum. But if it runs out of steam, we might dip back toward the 2,673-2,667 support zone for a reset. Key Levels: Resistance: 2,705 – A breakout here could spark a rally higher. Support: 2,673 – Bulls need to hold this line to avoid more downside. Fallback Zone: 2,667 – If this level cracks, we’re likely heading lower. Right now, we’re at a pivotal moment. Will buyers keep the momentum alive, or are we headed for a quick pullback? Keep a close eye on the next move—there’s opportunity on both sides. What do you think—are we breaking higher or taking a breather? Drop your thoughts, follow, and share if this helped you get prepped for the next move. Mindbloome trader Trade what you see
CAPITALCOM:GOLDLong
by Mindbloome-Trading
NEW ATH ! XAU ! wait to reach $2700 for gold⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The recent drop in Crude Oil prices is likely to reduce inflation pressures, enabling major central banks to cut interest rates further, which supports demand for Gold. The European Central Bank is set for its third rate cut of the year this Thursday, while a sharp decline in UK inflation has strengthened expectations of a Bank of England rate cut in November. ⭐️Personal comments NOVA: Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2700 - $2702 SL $2707 TP1: $2690 TP2: $2680 TP3: $2670 🔥BUY GOLD zone: $2663 - $2661 SL $2656 TP1: $2670 TP2: $2680 TP3: $2690 ⭐️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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3