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Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability. In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead. Will gold continue its strong performance, or could a new catalyst shift the trend? 📌 Stay tuned as we navigate the next big moves in the Gold market! #goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
PEPPERSTONE:XAUUSD
by darcsherry
4
XAU/USD 31 October 2024 Intraday AnalysisH4 Analysis: -> 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. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. In yesterday’s intraday analysis, I mentioned that technically, price was expected to react at the internal 50% EQ discount to target the weak internal high. However, there was also potential for a bearish iBOS, which is exactly what unfolded. Price has made multiple attempts to breach the strong internal high at 2,789.855 but has yet to succeed, leaving it intact. Intraday Expectation: Price has reacted from the H4 supply zone. Technically, price is now expected to target the weak internal low at 2,770.925. Note: Price remains highly volatile due to ongoing geopolitical tensions and the Fed’s dovish stance. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
#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
Gold Short: Pullback from Overbought HighsCurrently, Gold (XAU/USD) is showing signs of nearing overbought levels, with price action testing the upper resistance channels on the 30-minute timeframe. A descending trendline aligns with key Fibonacci retracement zones, suggesting a potential reversal opportunity from recent highs around $2,764. In this setup, I’m monitoring price action around the trendline for any signs of rejection, which could indicate the start of a short-term downward movement. The Relative Strength Index (RSI) is approaching overbought territory, currently close to 69, which often signals an imminent pullback. This, combined with recent highs, gives a strong technical basis for a short position targeting a reversion to lower support levels. Fundamental Context: Fundamental factors are adding weight to this setup. Market sentiment remains risk-off due to persistent geopolitical uncertainties in the Middle East and a closely watched U.S. presidential election, both of which have driven safe-haven demand for Gold. Additionally, there is a 96% market expectation for a Fed rate cut of 25 basis points, creating a low-interest rate environment, further supporting bullish Gold sentiment. However, despite these bullish drivers, any signs of easing in geopolitical tensions or unexpected outcomes in the Fed’s rate decision could diminish the upward momentum. Combined with RSI overbought conditions, this presents a tactical opportunity to capitalize on a potential corrective move in Gold’s price. Trade Plan: 1. Entry: Short position near the $2,755 resistance level. 2. Stop Loss: Set above the recent high around $2,770 to guard against a false breakout. 3. Target: Initial target at $2,720, with potential to add partials or adjust if price action shows signs of reversal. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
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
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
XAU/USD 25 October 2024 Intraday AnalysisH4 Analysis: Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024. -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase. Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/intraday expectation remains the same as yesterday's 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
2
XAU/USD 24 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase. Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. 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 respond to nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
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.
TVC:GOLDLong
by George_parse
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase. Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS. As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance. After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line. Price is currently trading between an internal low and a fractal high. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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. 📊✅
FX:XAUUSDLong
by fxtraderanthony
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