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Xauusdlong

Gold Prices on the Rise: What to KnowThe price of gold has hit a new record high, reaching $2,714.10 per ounce amid escalating geopolitical tensions and concerns about the global economy. The surge in gold prices has prompted investors to seek haven assets as they fear a potential recession. The record high for gold prices comes as Russia continues its invasion of Ukraine, raising fears of a wider conflict in Europe. The war has disrupted global supply chains and led to a spike in energy prices, which has put pressure on businesses and consumers around the world. In addition to geopolitical tensions, concerns about the global economy are also driving up gold prices. The International Monetary Fund (IMF) has warned that the world is facing a "polycrisis" of challenges, including inflation, rising interest rates, and debt distress. These factors have increased uncertainty and make investors more cautious. The surge in gold prices has significantly impacted India, which is one of the world's largest consumers of gold. The Indian rupee has weakened against the US dollar, making gold more expensive for Indian buyers. As a result, gold prices in India have reached record highs in recent weeks. The rise in gold prices has benefited gold miners and other companies in the gold industry. However, it has also put pressure on consumers and businesses that use gold in their products. For example, as prices have risen, jewelers and other retailers have seen a decline in demand for gold jewelry and other products. The future of gold prices is uncertain. If geopolitical tensions and economic concerns continue to escalate, gold prices could rise further. However, if the situation improves, gold prices could fall. Investors who are considering buying gold should be aware of the risks involved. Gold prices can be volatile, and there is no guarantee that they will continue to rise. It is important to do your research and to consult with a financial advisor before making any investment decisions. Here are some of the factors that could affect gold prices in the future: • The outcome of the war in Ukraine • The state of the global economy • The level of inflation • The interest rate policy of the US Federal Reserve • The demand for gold from India and other major consumers It is important to stay informed about these factors and to monitor gold prices regularly. By doing so, you can make informed decisions about whether or not to invest in gold.
OANDA:XAUUSDLong
by bryandowningqln
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
PEPPERSTONE:XAUUSDLong
by ForexMasters2000
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
XAU ! 10/18 ! Weekend price increaseXAU / USD trend forecast October 18, 2024 On Thursday, the European Central Bank cut interest rates for the third time this year, the first consecutive cuts in 13 years, and signaled more reductions due to the worsening economic outlook. The Federal Reserve is also expected to lower rates again after a significant cut in September, while weak UK inflation data has strengthened expectations for more aggressive easing by the Bank of England. price increase to create new ATH - continue to wait for new ATH at the end of the week. FOMO is huge /// SELL XAU : zone 2723-2726 SL: 2731 TP: 50 - 100 - 300 pips (2696) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
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
The golden high will continue to be refreshed!Gold’s rally is not over yet, and highs will continue to be refreshed! Due to the strong market trend of gold, there are not too many corrections and adjustments, and the strong rhythm during the day is expected to continue to release the upper space today, so sideways or declines are opportunities to go long. The lower support for gold is around 2702. Even if there is a slight decline, gold continues to be bullish, with the upper resistance near 2722 and 2730.
TVC:GOLDLong
by Donald-trading-star
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
XAUUSD Market Dynamics: Strategy AnalysisToday, XAUUSD (Gold/US Dollar) exhibited a robust upward momentum, successfully breaking through the upper trend line. From a candlestick technical analysis perspective, XAUUSD still possesses upward momentum and a continuing bullish trend. Additionally, the uncertainties surrounding the U.S. presidential election and conflicts in the Middle East are driving investors to seek safe-haven assets. Coupled with a loose monetary policy environment, this will further support gold prices at elevated levels. Following the Federal Reserve's decision to cut rates by 50 basis points last month, the market anticipates the potential for further rate cuts. The ongoing geopolitical uncertainties have collectively propelled gold prices up over 30% year-to-date, with the possibility of reaching new historical highs. Therefore, under the current market conditions, we recommend a proactive approach to building long positions at lower levels. Today's Trading Strategy: Establish long positions in XAUUSD around the 2700 level, with a profit target set at 2710.
OANDA:XAUUSDLong
by Falcon-Training-Camp
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 Wealth_Waves
XAU/USD : IMPORTANT Pre Market Analysis (READ THE CAPTION)Currently, the price of gold is hovering around **$2656.99**. Recently, gold has seen a slight increase, driven by several factors such as inflation concerns, recent CPI and PPI reports, and geopolitical tensions. Key Influencing Factors: 1. Persistent Inflation: Recent CPI and PPI reports show that inflation remains slightly above expectations, keeping gold in demand as a safe-haven asset. 2. Interest Rates: Expectations around interest rate cuts have stabilized, which increases gold's appeal as a non-yielding asset. 3. Geopolitical Tensions: Ongoing global political instability, particularly in regions like the Middle East, is adding upward pressure to gold prices. Technical Analysis: • Resistance Level: If gold prices break above $2685, there could be further bullish momentum. • Support Level: On the downside, key support zones include $2636-$2642, $2628-$2630, and $2620, which should be closely monitored if the price declines, as strong demand in these areas could lead to a reversal. Outlook: Given the economic and geopolitical landscape, gold remains in a bullish trend. Traders should keep an eye on economic reports and geopolitical developments as any increase in uncertainty could further boost gold's price. This sets the stage for today’s market session, with potential for continued upward movement. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
67
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
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