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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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XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish. This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure. Price is now trading within an established swing range. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase. Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range. Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone. Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
The situation of gold in the coming weeks, correction or new H?The situation of gold in the coming weeks, correction or new ceiling? According to the chart in the weekly long time frame, we have the hanged man candle, which is confirmed by a big red candle. Considering the fundamental conditions of the US presidential election, the growth of gold in recent weeks, the announcement of the US interest rate today, we may see a correction for gold, this precious metal. Profit from existing positions with capital management. good luck
OANDA:XAUUSDShort
by mansour1978
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
Few things can happen for GoldGood drop because of tight election night so here is the way gold can do; It need to break Resistance 2,663 | 2,685 & 2,700. If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone. If you are in the buy now please be very careful and cautious cuz the resistance are very tight. 2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine. Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much. SL : 2,660.70 or 2,659.75 I known its close but it can spike pretty quickly before you know it. So please use proper risk management Lets make this money
OANDA:XAUUSD
by JoyBoyVegae
Gold Wave Analysis 6 November 2024 - Gold broke support area - Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. The breakout of this support area accelerated the active minor ABC correction from the end of November. Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
FX_IDC:XAUUSDShort
by FxProGlobal
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> 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. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure. Intraday Expectation: Price is anticipated to target the weak internal low. Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Gold 3Month (quarterly)Overview: Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. By the end of October, silver had surged by 42.4 percent, a dramatic increase that reflects growing demand and limited supply. Gold, similarly, has gained 33.7 percent, solidifying its role as a reliable store of value. These gains in the precious metals market outpaced other commodities and most traditional financial assets. For comparison, the NASDAQ—the best-performing stock index—has gained 24 percent over the same period. This robust performance in the NASDAQ reflects strength in technology stocks, yet it still falls short of the exceptional growth observed in gold and silver. Such trends highlight the unique appeal of precious metals, especially during periods of market turbulence and geopolitical tension. Watch the RSI as another blue candle will indicate a Q4 bullish momentum that may continue into the New Year. As for a Red Q4 Candle... This may push the RSI below the 80, creating a bearish Divergence in the LONG term. This Pullback may even look like a trend reversal. Keep in mind a healthy market needs to retrace. Key Levels: 2450 2315 2235 (Support)
FX:XAUUSD
by nikdobii
GOLD NEXT MOVE (expecting a bearish move) (03-10-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (03-10-2024) Current price- 2649 "if Price stays below 2665, then next target is 2639 and 2625 and above that 2675". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
12
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market. Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now. However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
TVC:GOLDShort
by FalCol_TradingMaster
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor. The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely. Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%. Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months. 🔥 XAUUSD BUY LIMIT 2733 - 2731🔥 ✔️ TP1: 2755 ✔️ TP2: 2765 ✔️ TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✔️ TP1: 2745 ✔️ TP2: 2735 ✔️ TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold. Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset. What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset. Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later. The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward. Now, let’s take a look at the chart and summarize. Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices. Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position. Good Luck and Have a Nice Weekend!
OANDA:XAUUSDShort
by ClashChartsTeam
XAUUSD Market scenario,, running uptrend (Read captions)XAUUSD Price Forecast 🔔 Gold remains in an uptrend, with key resistance at 2788. A breakout above this level could confirm targets of 2820. Support holds at 2760, and a breakdown through the moving average may trigger further selling, targeting 2739, 2718, and 2696. The 200 EMA & 50 EMA golden crossover signals a bullish outlook. OANDA:XAUUSD Trade Setup: Buy Entry: 2778-2760 Target 1: 2788 Target 2: 2820 Stop Loss: 2755 Trade Setup: Sell Entry: 2778 Target 1: 2760 Target 2: 2739 Target 3: 2718 Target 4: 2696 Stop Loss: 2792
OANDA:XAUUSD
by AlphaForex56
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports. The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals. Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level. From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered. Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
TVC:GOLDLong
by AntonyTP
1