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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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GOLD.PRO.OTMS trade ideas

THE KOG REPORT - Update End of day update from us here at KOG: Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want. Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
GOLD → Risks are rising and so is the price. News ahead! FX:XAUUSD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race. Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold. The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks. Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa. Resistance levels: 2789, 2800 Support levels: 2777, 2771, 2758 Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze: The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788. Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target. Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738. Key Levels: Pivot Point: 2781 Resistance Levels: 2790, 2804, 2816 Support Levels: 2769, 2758, 2738 Trend Outlook: Correction til 2769 or 2758 Above 2788: Uptrend Under 2758: Downtrend
OANDA:XAUUSDLong
by SroshMayi
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold. Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions. ⭐️Personal comments NOVA: still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2802 - $2804 SL $2809 TP1: $2795 TP2: $2780 TP3: $2770 🔥BUY GOLD zone: $2757 - $2755 SL $2750 TP1: $2762 TP2: $2770 TP3: $2780 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
8
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
GOLD ANALYSIS: Sell above 2.800?Hi Traders| Gold remained above $2,780 per ounce on Thursday, holding at record levels due to increased demand for safe-haven assets amid uncertainties surrounding the US elections and geopolitical risks. Markets are also evaluating the latest US economic data, which shows a 2.8% annualized GDP growth for the third quarter, slightly below the 3% expectation. Meanwhile, personal consumption and sales rose significantly, indicating American consumers' resilience and maintaining elevated inflation risks, as highlighted by unexpectedly high core PCE price figures from the last quarter. Still, traders are poised for further monetary easing at the upcoming meeting, which benefits gold as lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. Investors are now awaiting PCE figures and payroll data due Thursday and Friday. 📊 TECHNICAL ANALYSIS That said our bullish setup is still in play with Target 2 (see chart below), but at the same time, above the 2,800 area an important resistance area and some Reversal Patterns on lower time frames should appear in the short term. If this happens we can try to take a short position. 🔴 ANALYSIS TARGET 1 (long/bullish) (click & play on chart below) 🔴 ANALYSIS TARGET 2 (long/bullish) (click & play on chart below) Thanks for watching.
OANDA:XAUUSDShort
by TheAnonymousBanker
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wouldn’t be looking to long for the early part of the week, instead gave the path moving up into the 2727 and 2742 price targets where we wanted to attempt the short. This worked well during the early part of the week, but we didn’t get to complete the move, instead our red boxes kicked in and we continued to look upside into the 2739 and 2745 price point. We then updated traders with the hotspots at the 2750-55 region and suggested looking for a reaction in price there mid-week which was tapped into and rejected giving the lovely move down that we experienced completing the first red box target 2710 before the bounce upside. It wasn’t an easy week, very choppy and frustrating with burst of volume but we didn’t do to badly completing 6 gold Excalibur targets on top of the bias level targets and the red box targets. Small stops and big captures should have given our followers a decent week on Gold moving level to level with the red boxes we share as well as KOG’s bias of the day. Excalibur performed again with 21 targets completed across the other pairs we trade. So, what can we expect in the week ahead? For this week we’re seeing a little more bullish movement on Gold but there’s a level above which needs to be watched and needs to be broken for us to go higher and target that 2800 level! So we’ll look for price to attempt the 2750-55 region during the early session and if rejected there is potential for the pullback to present itself into the 2735-32 red box defence. It’s this 2732-35 region we feel an opportunity to the long is available back up to attempt 2763 and above that 2765. Please note, 2765 is the level we need to break and hold above for us to attempt to target higher pricing for now. Those looking to attempt the short trades should be looking at the levels of 2760-5 and if broken 2780-5 for opportunities to capture the pullbacks and maybe even a short swing. Now, we have a slight issue here with the extension of the move this week and with a lot of news to come together with it being the end of the month, we’re concerned about profit taking and a potential sell off, so for that reason, we’ll play level to level on the upside picking the right levels and using the red boxes for our entries and exits which have proven to give the 50-70pip captures quite easily. KOG’s BIAS FOR THE WEEK: Bullish above 2730 with targets above 2755, 2762 and 2779 Bearish on break of 2730 with target below 2709 RED BOXES: Break above 2755 for 2762, 2768, 2780 Break below 2742 for 2732, 2720, 2709 Good luck for the week. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
9
XAU/USD 04 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 noted in my analysis dated 01 November 2024, I mentioned that I would confirm internal structure if the price reached the premium of the 50% EQ of the internal range. Price has now achieved this, confirming the internal structure. Although price has made attempts to target the weak internal low, it has not yet succeeded. Intraday Expectation: Price is expected to continue targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs? Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP. Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data. The overall environment is complicated due to the US presidential race. Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy. Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities! Resistance levels: 2758, 2775 Support levels: 2745, 2728, 2724 Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently: 1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800 2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
Physical demand for gold is still strong?“Gold is basically ignoring a stronger dollar and rising Treasury yields,” Michael Armbruster, co-founder and managing partner at Altavest). He believes that indicates , primarily from central banks that are committed to dedollarization of their reserves.” Similarly, Oxley pointed to speculation that the continued strength in gold is a “wider paradigm shift driven by BRICs+ central banks beefing up gold reserves to reduce reliance on the U.S. dollar,” he said. BRICs refers to an intergovernmental organization that includes Brazil, Russia, India and China. But “perhaps the most convincing argument to ‘rationalize’” gold’s latest price moves is that they’re part of a “wider ‘Trump trade’ as markets adjust to a higher probability being assigned” to a U.S presidential election win for former President Donald Trump, said Oxley. “If you’re worried about fiscal profligacy, financial repression and attacks on independence, gold would be an attractive asset,” he said. However, ”When Russia and Ukraine negotiate peace, as well as Hamas and Israel, and China’s economy recovers, then there will downward pressure on gold prices,” said U.S. Money Reserve’s Moy.Needless to say, the idea of peace seems a bit far fetched at this time.
OANDA:XAUUSD
by Alecampos83
Lingrid | GOLD Weekly MARKET OutlookOANDA:XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility. On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish. On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long. 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
29
Gold trading, make money with meGold is in the Bollinger Band range and fluctuates sideways for 4 hours. As the saying goes, it gets colder at high places. Since the bull market has been slow to reach new highs, gold opened low in the morning. There was a rebound and rise during the period, but the highest rebound to 2744 just barely filled the gap of the low opening. Then the short-term continued to fall, indicating that the bulls’ counterattack was weak. The current market will be dominated by the short side, and our operating strategy is the same. The idea will be mainly high-altitude tonight! The short-term focus on the upper side is the 2743-2744 resistance line, and the short-term focus on the lower side is the 2717-2715 support line.
OANDA:XAUUSD
by btxebtxe