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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
XAUUSD GOLD Update PLUS Technical Analysis and New Trade Idea👀👉 XAUUSD has been in a sustained bullish trend, with price action extending into new all-time highs. Given the overextended nature of the move, my suggestion is to lock in profits on existing positions. I would then wait for a potential retracement into the imbalance highlighted in the video for a possible re-entry, should market conditions align as outlined. Disclaimer: This content is for educational purposes only and should not be considered financial advice. 📊✅
FX:XAUUSD
by fxtraderanthony
XAU/USD 21 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024. Price has printed both a bullish iBOS and a subsequent BOS. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs). Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line. At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge, driven by a softer stance from the Fed and increasing geopolitical tensions. Since the last analysis, price has printed a BOS followed by a series of bullish iBOS’. The internal range of iBOS has narrowed, with price now targeting the weak internal high after reacting from the M15 demand zone. Intraday Expectation: Price is expected to target the weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 21/10/2024 Is the rally over? Looking at H1 we see that wave 3 is still continuing. - The target of wave 3 we measure at the price zone 2736 - 2739 or the price zone 2800 - First we look at the price zone 2736 - 2739, this is the minimum target price zone of wave 3 ending at this zone, so when the price approaches, there is a high possibility that the price will react at this zone, so we will set a SELL target at this zone - Next, there is an area determined by the confluence of Fibonacci, which is the 2768 zone, this is also the resistance zone that the price must overcome - With the structure that is completing wave 3 like this, our priority target is BUY at the end of wave 4 to follow the uptrend of wave 5 - With the assumption that the target of wave 3 ends at the price zone 2736 - 2739, the target zone to end the adjusted wave 4 is the price zone 2706 - 2703 or the price zone 2693 - 2690 Trading Plan SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2706 BUY ZONE: 2706 - 2703 SL: 2700 TP1: 2718 TP2: 2725 TP3: 2738 BUY ZONE: 2693 - 2690 SL: 2683 TP1: 2706 TP2: 2718 TP3: 2738
OANDA:XAUUSDShort
by DEEKOP
1
XAU/USD 21-25 October 2024 Weekly AnalysisWeekly analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation. The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line. Price has continued to rise, bringing CHoCH positioning significantly closer to analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions. Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materialising. The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has been brought significantly closer to current price action. The bearish CHoCH level is denoted by a blue dotted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Since the last analysis, due to illness, price has printed both a bullish iBOS and a subsequent BOS. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs). Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line. At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
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
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
XAUUSD 18/10/2024 Is the uptrend over? Looking at H1 with the price making a new ATH yesterday this confirms to us that the corrective wave 4 has ended and the price is currently in red wave 5 - Looking at the smaller wave level we are seeing that in red wave 5 the structure of wave 1 and wave 2 is being formed and the price breaking through the top of wave 1 proves that the price has confirmed that the corrective wave 2 has ended and it is currently wave 3 - In wave 3 the uptrend is the main trend for us to place orders - The price zones that return based on Volumeprofile I have identified 3 price zones in which the price zone 2696 - 2693 and the price zone 2669 - 2666 are the important price zones we pay attention to - For the Sell zone we expect the first target of wave 3 at the price zone 2736 - 2739 which is the sell target price zone Trading plan BUY ZONE: 2696 - 2693 SL: 2688 TP1: 2709 TP2: 2737 BUY ZONE: 2669 - 2666 SL: 2664 TP1: 2685 TP2: 2695 TP3: 2717 BUY ZONE: 2657 - 2654 SL: 2647 TP1: 2668 TP2: 2685 TP3: 2694 SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2697
OANDA:XAUUSDLong
by DEEKOP
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: After a New High, a Support Retest is Needed Following a recent pullback, gold is now in the midst of a rebound, riding the momentum of its newly achieved all-time high. However, the difficulty of sustaining further upside increases at this stage. Therefore, it presents a strategic opportunity to establish short positions in the 2680-2690 range, anticipating a fresh support retest. If the price holds above 2668 during this pullback, it could signal another buying opportunity, allowing traders to re-enter long positions with confidence.
OANDA:XAUUSDShort
by Mia-Signal
Bulls Take Profits, Await Shorting Opportunities Today's long position within the 2652-2646 range has been successful—congratulations to those who followed my strategy! In trading, identifying strong signals is critical to profit. Without it, the market can be unforgiving. Currently, the bulls are in control, but as soon as momentum shows signs of weakening, it will be time to shift focus and prepare for a short position. Stay vigilant and ready to act when the opportunity presents itself.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe