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GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)

GOLD Spot (XAUUSD) (OANDA EU Clients)

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Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold." I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order. My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.
OANDA:XAUUSDShort
by goldenBear88
XAUUSD H1 TF SMC ANALYSIS (11/06/2024)Looking at this updated Gold Spot (XAU/USD) chart on the 1-hour timeframe, we can identify the following insights: Break of Structure (BOS): The recent BOS suggests a shift in momentum, indicating that a bullish reversal could be on the horizon if certain levels are held. External Order Block (EXT OB): Located around the $2720 level, this area represents a key demand zone. Price may look to revisit this zone before any significant bullish reaction. Potential Scenario: If the price tests the EXT OB level and shows a strong rejection, we might see a bullish rally, potentially targeting the recent high near $2790. Outlook: A bullish scenario may unfold if the EXT OB at $2720 holds as a support level. Traders could look for potential entries upon confirmation of reversal patterns in this zone, with targets set towards the previous high.
OANDA:XAUUSDLong
by DCBFOREXTRADING
1
GOLD_108 2024.11.05 14:24:05 Trading Signal SELLFrankPro Signal for GOLD_108 Type: Screen Signal: SELL TP: 2726.69 SL: 2748.14 Entry Price: 2744.84 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term expectations for the XAU/USD price. **Short-term Expectation (next few days/week):** Given the current market caution ahead of the US presidential election and the Federal Reserve's policy announcement, I expect the gold price to remain volatile but with a slight upward bias. The technical analysis suggests that the gold price is challenging the key $2,730 demand area, and the 14-day RSI is near 59, indicating some buying interest. Additionally, the support levels at $2,718, $2,700, and $2,673 are likely to hold, preventing a sharp decline. Therefore, in the short term, I expect the gold price to **stay the same** or experience a **slight increase**, potentially testing the $2,746 resistance level. **Long-term Expectation (next few weeks/months):** Considering the two forecast scenarios, I believe that the **Bullish Scenario** is more likely to play out. The mixed labor market report and expectations of a 25 basis points interest rate cut by the Fed are likely to support gold prices. Additionally, the technical analysis suggests that a breakout above the $2,746 resistance level could lead to a continued growth with a potential target above $2,875. Therefore, in the long term, I expect the gold price to **go up**, potentially reaching the target above $2,875. Please note that these expectations are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Up LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (Gold) in both the short-term and long-term: **Short-term (next few days to a week)** * The price is expected to stay the same or experience a slight decline. The market is cautious ahead of the US presidential election and the Federal Reserve's policy announcements, which may lead to a temporary consolidation or a small pullback. * The support level near $2,730 is crucial, and if it holds, the price may rebound. However, if it breaks, the price could test the $2,718 or $2,700 levels. * The 14-day RSI indicates revived buying interest, but it's not strong enough to suggest a significant short-term uptrend. **Long-term (weeks to months)** * The price is expected to go up. The forecast suggests that gold may test the support level near $2,690 before rebounding and continuing its growth, with a target above $3,175. * A breakout above the $2,905 resistance area would confirm the growth scenario, and a successful breakout above $2,800 could lead to a test of the all-time high at $2,790. * The overall outlook is bullish, with the market expecting a continuation of the uptrend once the uncertainty surrounding the US election and Fed's policy announcements is resolved. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days)** Based on the technical analysis and market context, I expect the gold price to remain volatile in the short-term, with a slight bias towards a pullback or correction. The 14-day RSI is near 60, indicating some buying interest, but the price is still below the $2,746 resistance level, which is the 23.6% Fibonacci Retracement level of the recent rally. The key support levels at $2,730 and $2,718 are crucial, and a failure to hold above these levels could lead to a drop to around $2,711. Additionally, the market is cautious ahead of the US presidential election and the Fed's policy announcements, which could lead to price movements of at least $100 in either direction. **Prediction:** Short-term price movement: **DOWN** (with a target of around $2,711) **Long-term Analysis (Next few weeks/months)** In the long-term, the gold price is expected to continue its growth trend, with a potential target above the $3,175 level. The ascending channel and the 21-day SMA at $2,700 provide a strong support base for the price. However, the long-term outlook is highly dependent on the outcomes of the US presidential election and the Fed's policy decisions. A dovish Fed and a risk-off sentiment could lead to a surge in gold prices, while a hawkish Fed and a risk-on sentiment could lead to a correction. **Prediction:** Long-term price movement: **UP** (with a target above $3,175) Please note that these predictions are based on the available data and are subject to change as new information becomes available. Result: ST=Down LT=Up
CAPITALCOM:GOLDShort
by frankiepro
2
H-1 SCENARIO [TRUE SMC STRUCTURE MAPPING] gold is showing key levels that may signal its next move. Currently, minor resistance is observed around $2,775, aligned with a downward trendline that could trigger selling pressure if prices approach this level. A failure to break above this could lead to a pullback, potentially driving prices down to the support level around $2,732. Should gold breach the $2,575 level, it may see additional bullish momentum toward recent highs. The primary support range to monitor on this timeframe is around $2,622, with a critical psychological support near $2,600 if further declines occur. A strong move above resistance, particularly with positive catalysts such as dovish Fed expectations, could pave the way for further gains​
OANDA:XAUUSDLong
by BELLATRIXFX
Gold : Short Term Trading Pattenr Trading Setup: A Trading Signal is seen in the Gold XAUUSD h4 Traders can open their Sell Trades NOW m15 TA : ⬇️Sell Now or Sell on 2754.9 ⭕️SL@ 2776.0 🔵TP1@ 2713.0 🔵TP2@ 2673.0 🔵TP3@ 2606.1 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDShort
by pullbacksignal
GOLD established a falling structure after a sharp declineOANDA:XAUUSD Spot delivery is basically stable after yesterday's plunge. The current gold price is about 2,660 USD/ounce. Previously on Wednesday (November 6), after Trump was elected President of the United States, investors rushed to buy US Dollar, OANDA:XAUUSD plummeted to its lowest level in 3 weeks. As sent to readers in many articles about the election of Trump, a shock decline in gold is inevitable because Trump's "steering wheel" will support the Dollar from general economic policies. Trump's victory will boost the dollar as he is expected to propose new tariffs that could cause a spike in inflation and cause the Federal Reserve to pause its easing cycle. Fed decision upcoming After cutting interest rates by 50 basis points in September, the market expects the Fed to cut interest rates by 25 basis points this time. The US economic calendar today (Thursday) will focus on the Federal Reserve's monetary policy decision. The Fed is expected to reduce borrowing costs by 25 basis points to a range of 4.50%-4.75%. Trump and the Fed Trump's economic policy proposes imposing taxes, increasing the fiscal deficit, and reducing taxes. His economic advice conflicts with the Fed's anti-inflation policy. Therefore, the Fed will be forced to take a very cautious approach when loosening monetary policy. The risk of rising inflation after Trump introduced new taxes could slow the pace of interest rate cuts by the Federal Reserve. This is very important because Trump and the Fed are becoming opposing, it is likely that Trump will destroy all previous efforts of the Fed to curb inflation. For more than 70 years, the Federal Reserve has operated as an independent government agency in the United States, but this tradition may soon be overturned. After declaring victory on Wednesday (November 6), Donald Trump is preparing to talk about "interest rates" after taking office in January 2025, insisting his intuition is better than the Chairman of the Reserve Federal Powell. For more than 70 years, the US central bank has operated as an independent government agency. When officials meet to decide interest rates, they will not need to consult with the president and other elected officials. That's because, as the former Fed chairman famously said, “The job of the central bank is to get rid of the drinking bowl just as the party is getting started.” In other words, they have to make unpopular decisions that ultimately seek to bring long-term benefits to the economy. However, once President-elect Trump returns to the White House, the independence the Fed has maintained for many years could be compromised. Trump's statement was posted on CNN: “I think the president should at least have a say. I feel very strongly,” Trump said about the Fed's interest rate decision at a press conference in August. Trump added: “I make a lot of money, I'm very successful and I think in many situations I have better abilities than the people at the Fed or the president.” Analysis of technical prospects for OANDA:XAUUSD After yesterday's strong price drop, gold has all the technical conditions to decrease in price through the price channel. The fact that gold was sold below the price channel and the 21-day moving average (EMA21) caused the bullish price structure to be completely broken. Currently, gold is recovering slightly after receiving support from the 0.618% Fibonacci retracement level, and once this level is further broken below, gold tends to continue to decline with a subsequent target level of around 2,600 USD around the 0.786% Fibonacci retracement area. On the other hand, the Relative Strength Index continues to point downward after breaking the 50 level, which should be considered a negative signal for gold as the RSI's next target is 25. Showing that the downward momentum remains quite wide in the front. In the near future, technically, gold has the potential to decrease in price with the price channel being the short-term trend. As long as gold remains in the price channel and below the EMA21 level, the bearish outlook will still be prioritized, and the notable points will be listed as follows. Support: 2,640 – 2,645USD Resistance: 2,668 – 2,684 – 2,697USD SELL XAUUSD PRICE 2708 - 2706⚡️ ↠↠ Stoploss 2711 →Take Profit 1 2701 ↨ →Take Profit 2 2696 BUY XAUUSD PRICE 2637 - 2639⚡️ ↠↠ Stoploss 2633 →Take Profit 1 2644 ↨ →Take Profit 2 2649
OANDA:XAUUSDShort
by Xayah_trading
1
Trump vs. Harris: Economic and Policy Impacts on the U.S. Introduction: The U.S. presidential election is one of the most critical events in global politics, shaping the future of the country’s policies. This year, voters face a significant choice between two candidates with distinct approaches: Donald Trump and Kamala Harris. Their policies will influence the economic, social, and environmental future of the U.S. This script explores the key focus areas of both campaigns, their policy priorities, and the potential impact on the U.S. economy and national debt. 1. Economic Focus in Campaigns: Donald Trump: Tax Cuts and Deregulation: Trump emphasizes reducing taxes and deregulating industries to stimulate economic growth. He believes this approach helps businesses thrive and creates jobs. Job Creation and Manufacturing: Trump aims to bring back manufacturing jobs to the U.S., reduce outsourcing, and bolster domestic industries. Trade Policies: His "America First" trade policies focus on renegotiating trade deals to benefit American workers and industries. Stock Market Performance: Trump often points to stock market gains as an indicator of economic health and success under his administration. Kamala Harris: Economic Equity and Middle-Class Support: Harris advocates for policies that support the middle class, such as raising the minimum wage and providing tax relief for lower-income families. Investment in Green Economy: Her plan involves creating jobs through investment in renewable energy and sustainable infrastructure, aiming for long-term economic growth. Healthcare as Economic Policy: Harris believes in reducing healthcare costs, arguing that affordable healthcare boosts economic productivity. Support for Small Businesses: She proposes targeted support for small businesses, especially those owned by women and minorities, to foster inclusive growth. 2. Policy Focus in Campaigns: Donald Trump: Immigration and Border Security: Trump’s policies focus on strict immigration control and border security to protect American jobs and safety. "America First" Policy: This policy emphasizes prioritizing U.S. interests in trade, defense, and foreign relations, appealing to nationalistic sentiments. Law and Order: Trump advocates for strong law enforcement to tackle crime and violence, particularly in urban areas. Kamala Harris: Healthcare Reform: Harris promotes expanding access to affordable healthcare, with reforms aimed at improving the healthcare system. Climate Change and Green Policies: She strongly supports measures to combat climate change through renewable energy and environmental regulations. Social Justice and Equality: Harris focuses on criminal justice reform, racial equality, and reducing income inequality. Women's Rights and Reproductive Health: She advocates for protecting women’s rights, including access to reproductive healthcare and equal pay. 3. Impact on U.S. Debt: Donald Trump: Tax Cuts and Defense Spending: His tax cuts, similar to those in the 2017 Tax Cuts and Jobs Act, are expected to reduce government revenue and potentially increase the national debt by $1.5 trillion over a decade. Short-Term Debt Impact: Increased defense spending could further elevate the debt unless offset by spending cuts elsewhere. Kamala Harris: Healthcare and Green Investments: Harris’s plans for healthcare expansion and green initiatives could increase the debt by $3.0 trillion over the next decade, unless funded by higher taxes on the wealthy and corporations. Long-Term Debt Impact: While these investments aim for sustainable growth, the initial cost could significantly raise the national debt if not managed carefully. Conclusion: In this election, Americans are choosing between two very different visions for the country’s future. Donald Trump’s focus on tax cuts, deregulation, and strong national policies contrasts with Kamala Harris’s emphasis on healthcare reform, climate action, and social justice. Understanding the economic and policy implications of each candidate's platform is crucial for voters. This decision will shape not only the U.S. economy but also its social fabric and global standing for years to come. Impact on the Global Economy: This election will not only determine the direction of U.S. domestic policies but also significantly influence the global economy. The current geopolitical landscape, including ongoing conflicts, adds to the complexity. The policies of the next U.S. administration could shift trade dynamics, global markets, and international alliances, particularly during a time of heightened tensions and uncertainty. Risk Management During the Election: During election periods, markets can be highly volatile due to uncertainty. To protect against potential losses, traders should: 1. Reduce Position Sizes: Lower your exposure to minimize the impact of sudden price swings. 2. Set Tight Stop Losses: Use stop-loss orders to limit potential losses. 3. Avoid Overtrading: Stay disciplined and avoid making impulsive decisions based on market noise. 4. Hedge Positions: Consider hedging strategies, such as options, to manage risk. 5. Stay Informed: Keep track of election-related news and updates to adjust your strategies accordingly. 6. Increase Cash Reserves: Holding more cash reduces risk exposure and provides flexibility. By following these risk management strategies, traders can navigate the election period more safely and protect their capital.
OANDA:XAUUSDEducation
by SroshMayi
Lingrid | GOLD reached Historic HIGHSThe price perfectly fulfilled my previous idea. It hit the target zone. OANDA:XAUUSD has reached another all-time high after breaking and closing above the triangle pattern. The market has been forming small candles, which may indicate a potential pullback, especially with high-impact news scheduled for today that could influence market volatility. I believe the market might retest the previous day's high before moving higher towards another psychological level. Keeping an eye on the news and price action will be essential for determining the next moves. My goal is resistance zone around 2800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
16
XAUUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2756.90, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 2714.96, a swing-low support level. The stop loss will be at 2789.88, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
XAUUSD- Bearish Continuation or Reverse...GOLD Technical Analysis Gold recently dropped below a key pivot level, signaling a potential bearish continuation. Notably, as we mentioned yesterday already dropped about 85$ Bearish Scenario: If Gold remains below the pivot at 2677, further declines are expected toward the support levels of 2644 and potentially down to 2629. Stability below 2629 would reinforce bearish momentum, targeting 2587 as the next level. Bullish Scenario: A move above 2677 may trigger a bullish rebound, with an initial target at 2695. Sustained trading above 2706 would suggest further upside potential, aiming toward 2749. Key Levels: Pivot Point: 2677 - 2668 Resistance Levels: 2695, 2706, 2720 Support Levels: 2645, 2629, 2606 previous idea:
OANDA:XAUUSDShort
by SroshMayi
Ready for the US election, GOLD still fluctuates quite modestlyOANDA:XAUUSD volatile without a clear trend, as uncertainty over the US election has fueled market expectations of a controversial outcome and possible political tensions, while investors also Close attention should be paid to the Federal Reserve this weekend during their monetary policy meeting. The US presidential election takes place on Tuesday, with polls showing Democratic candidate Kamala Harris and Republican candidate Donald Trump in a tight race for the White House. A Reuters/Ipsos poll last month showed public fears that the US could repeat the riots that followed Trump's 2020 election loss, when hundreds of people stormed the country after he claimed that his defeat was due to fraud in Congress. If Trump wins, I think gold will fall then rise quickly again because a Trump win will benefit the Dollar and a stronger Dollar means gold will be under direct correlation pressure. However, we will not forget that under Trump, the tariff war and his policies created a long period known as the “Trade War”, which has caused gold prices to increase ever since. up to now. Another focus this week is the Federal Reserve's interest rate decision on Thursday, with markets expecting a 25 basis point rate cut. Gold is considered a hedge against economic and political instability and often performs well when interest rates are low. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has reached the support level most recently noticed by readers in the previous issue at the horizontal support level of 2,725 USD. There has been a slight recovery as of the time this article was completed, but the level of recovery is not significant as the operating amplitude is still very slow while the downward RSI has not been reached yet. level 50, level 50 is considered a support or resistance point depending on the RSI's movement conditions. In the short term, if gold moves above 2,745 USD, the resistance point you noticed in the previous publication, it will have the conditions to continue to increase further with a target of around 2,768 USD in the short term. , more than the 2,786USD price point of the 0.50% Fibonacci extension. In a more negative case, gold breaks below 2,725 USD, it is likely to decline further with a target of 2,709 USD in the short term more than the original price of 2,700 USD which is also the price point of the 21-day moving average EMA21. Therefore, the short-term long-term protection level should be set behind the level of 2,725 USD, in the longer-term case the long-term open position protection level should be set behind the original price level of 2,700 USD. In the immediate future, gold still has an upward trend in the medium and long term with support for the above mentioned price increase, and notable points will be listed as follows. Support: 2,725 – 2,709 – 2,700USD Resistance: 2,745 – 2,768 – 2,786USD SELL XAUUSD PRICE 2777 - 2775⚡️ ↠↠ Stoploss 2781 →Take Profit 1 2770 ↨ →Take Profit 2 2765 BUY XAUUSD PRICE 2703 - 2705⚡️ ↠↠ Stoploss 2699 →Take Profit 1 2710 ↨ →Take Profit 2 2715
OANDA:XAUUSD
by Xayah_trading
XAUUSD : Head and Shoulders PatternTrading Setup: A Trading Signal is seen in the Gold XAUUSD h4 Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 2740.8 ⭕️SL@ 2763.8 🔵TP1@ 2686.5 🔵TP2@ 2660.1 🔵TP3@ 2586.1 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDShort
by pullbacksignal
Gold (XAUUSD) Targeting $2,790 in Upcoming RallyGold has shown strong bullish momentum recently, with technical indicators pointing toward a potential rally to the $2,790 level. This target aligns with key resistance levels and is supported by ongoing market conditions that favor safe-haven assets. Key Highlights: Price Target: $2,790 Market Sentiment: Bullish on safe-haven demand and macroeconomic factors driving gold’s value. Technical Support: Strong base established around current support levels, building a solid foundation for this potential uptrend. 📌 Trading Plan: Consider entering on dips or confirmation signals of breakout above recent highs. Tight stop-losses near support levels are recommended to manage risk effectively in this setup. 🚨 Disclaimer: This is not financial advice. Perform your own analysis before investing.
FX:XAUUSDLong
by MarxBabu
Will Gold Hold at 2630? Key Levels for Bulls and BearsI'm eyeing a sell opportunity in gold (XAUUSD) , targeting the 2660 level for an ideal short entry. The price is expected to dip towards 2630 , a significant support zone, where a potential reversal could occur. If the market finds strength there, we may see a bounce as buyers step in. Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
FOREXCOM:XAUUSDShort
by bluechipfx
Comparing Full Time Trading and Full Time Job Hey traders, In this educational article, we will compare full-time trading and full-time job . THE MONEY And I guess, the essential thing to start with is the money aspect. Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses. In contrast, trading does not give any guarantees. You never know whether a current trading month will be profitable or not. Of course, the average annual earnings of a full-time trader are substantially higher than of an employee. However, you should realize the fact that some trading periods will be negative, some will be around breakeven and only some will be highly profitable. Sick-leave & Vacations In addition to a stable salary, a full time job usually offers a paid sick-leave and vacation , while being a full-time trader, no one will compensate you your leaves making the position of an employee much more sustainable. Office Being an employee, you usually work in an office with the fixed working hours . Taking into consideration that people often spend a quite substantial time to get to work and then to get home, a full-time job typically consumes at least 10 hours, not leaving a free-time. In contrast, full-time traders are very flexible with their schedule . Even though they often stick to a fixed working plan, they spend around 3-4 hours a day on trading. All the rest is their free time, that they can spend on whatever they want. Moreover, traders are not tied to their working place. They can work from everywhere, the only thing that they need is their computer and internet connection. No Boss Traders normally work alone. The main advantage of that is the absence of a subordination . You are your own boss and you follow your own rules. However, such a high level of freedom breeds a high level of personal responsibility . We should admit the fact that not every person can organize himself. In addition to that, working alone implies that you are not building social connections and you don't have colleagues. Being an employee, you are the part of a hierarchy . You usually have some subordinates, but you have a supervisor as well. You are constantly among people, you build relationships, and you are never alone. There is a common bias among people, that full time trading beats full time job in all the aspects. In these article, I was trying to show you that it is not the fact. Both have important advantages and disadvantages . It is very important for you to completely realize them before you decide whether you want to trade full time or have a full time job.
OANDA:XAUUSDEducation
by VasilyTrader
1
GOLD Analysis Post-Election: Bearish Continuation with Key LevelTechnical Analysis As we mentioned yesterday, GOLD was expected to be bearish due to the high likelihood of Trump’s success in the election. Now that Trump has won, GOLD has dropped by about $49 as anticipated, reaching 2712 and 2700. Currently, we remain in a bearish trend, with the price still aiming for 2712 and potentially 2695 and 2677. A retest of up to 2739 is possible. As long as the price trades below 2731, further declines toward 2712 and 2695 are expected. Bearish Scenario: The price may retest 2731 before resuming its downward trend toward 2706, 2695, and 2677. Stability below 2706 reinforces the bearish outlook. Bullish Scenario: A 4-hour candle close above 2739 would indicate a potential bullish shift, with subsequent targets at 2749 and 2758. Key Levels: Pivot Point: 2731 Resistance Levels: 2739, 2749, 2758 Support Levels: 2706, 2695, 2677 Trend Outlook: Under 2739: Downtrend previous idea
OANDA:XAUUSDShort
by SroshMayi