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Xauusdidea

Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release. Pre-Data Release Gold Trading Strategy: Entry Range: Short gold between 2780-2782 Take-Profit Target: 2772 Stop-Loss: 2790 Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
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
Strategic Short Positioning at ResistanceAnalysis: Today’s U.S. ADP employment data revealed a significant downside surprise, typically bearish for gold. However, gold prices have held steady, underscoring the strong fundamental support from factors such as geopolitical tensions and the lack of selling pressure. The market's reluctance to react sharply suggests the path of least resistance for gold remains upward. Despite this, gold sits at elevated levels, and while today’s data may not have triggered an immediate reaction, there’s an expectation of selling pressure as the U.S. trading session opens. Thus, our strategy focuses on initiating short positions to capitalize on potential pullbacks. Trade Strategy: Entry: Short gold between 2778-2780 Take-Profit Target: 2770 Mindset: Remain confident in the short strategy, stay composed, and await the gradual absorption of bearish data. Execute with discipline to optimize returns.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU/USD 30 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold’s rally continues, driven by the Fed’s dovish tone and escalating geopolitical tensions, further reinforcing its safe-haven appeal. Price has printed a bullish iBOS, positioning it within an internal low and a fractal high, with the bearish CHoCH level denoted by a blue dotted line. Intraday Expectation: Since the internal range has yet to establish, I’ll remain on standby for now. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As noted in the weekly analysis from 27 October 2024, the daily timeframe’s CHoCH positioning was distant, making it likely for both H4 and M15 to print bullish iBOS, which has since materialised. Price has now printed two bullish iBOS' within a significantly narrowed internal range, and we’re currently trading between an internal low and a fractal high, with CHoCH positioning marked by a blue dotted line. Intraday Expectation: Technically, price is expected to react at the internal 50% EQ discount to target the weak internal high. However, a bearish iBOS is also plausible. As emphasised before, price remains highly volatile due to ongoing geopolitical tensions and the Fed’s softer 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_
Gold prices slipped slightly this week amid strong USD demand.Gold prices (XAU/USD) faced pressure on Friday, erasing some of the previous gains due to USD buying amid a weaker dollar and expectations of less aggressive easing from the Fed. Positive sentiment in the stock market also reduced demand for gold. However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked. Personal opinion: The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800. Attention to price range: Buy Zone: 2719 - 2717 SL: 2712 Sell Zone: 2748 - 2750 SL: 2755 Sell Zone: 2758 - 2760 SL: 2765
OANDA:XAUUSDLong
by Chana-Trading
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
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
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
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
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's strong rise hits key resistanceDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Gold has tested the 2604 support line several times in the past few days, but failed to break through successfully, indicating that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. If it falls back, it will give us an opportunity to enter the market or increase our positions! We still need to pay attention to the 2650 pressure line on the top. If it breaks through this position, then this round of correction will come to an end. Otherwise, gold will continue to fall. On the whole, Jin Shengfu recommends shorting on rebounds as the main strategy for short-term gold operations today, and long on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 2648-2650 resistance line, and the short-term focus on the lower side is the 2620-2624 support line.
OANDA:XAUUSDShort
by jfqch1
Gold intraday operation suggestionsDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Last night, the price of gold fell and only reached the 2604 line. This is the second time that it has touched the 2604 line and rebounded again, indicating that the support effect of 2604 is obvious. After the decline last night, gold has entered the stage of rebound correction. We short-term operations followed closely and went long. In the short term, the price of gold will further test the stabilization strength of the 2600 integer mark. If it does not break the support below, it still needs to rebound. Today, the upper resistance will focus on yesterday's opening price around 2625-30, the lower support will focus on the 2600 integer mark, and the short-term gold price long and short strength line is 2630. Gold operation strategy: 1. Go short on the rebound at 2630-35, stop loss at 2643, and target 2605-2608. 2. Gold falls back to the 2600-2605 line and does not break it. Go long, stop loss 2596, target 2625-30 line.
OANDA:XAUUSDShort
by jfqch1
Gold fluctuates and falls from high levelDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Technical analysis of gold: Gold closed higher with a small positive line on the daily line, and continued to rise for five consecutive days, but they were all small positive star K lines, without a high-level volume movement, and belonged to a slow and high-shrinking movement. In the short term, the volume is temporarily insufficient, and the US dollar is also strong, which limits the momentum of further volume of gold prices. Gold was only a line away from a new high yesterday, and fell under pressure. Today, gold is particularly critical. If it breaks through a new high, then gold will rise again. If it falls under pressure again, then gold will start a large correction. In terms of today's short-term operation ideas for gold, Jin Shengfu recommends rebound shorting as the main, and callback long as the auxiliary. The short-term focus on the upper side is 2682-2685 line resistance, and the short-term focus on the lower side is 2638-2640 line support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by jfqch1
1
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712. Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling. At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690. This encapsulates my main trading thoughts for the near future.
OANDA:XAUUSDShort
by Mia-Signal
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