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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

Gold eyes @2763 as Major Banks seeks to Cut interest Rates we have been seeing gold gain positive traction for the fourth successive day from the past week or so and climbing beyond the $2,700 mark, hitting a fresh record high during the Asian session on Friday. Major central banks have been cutting interest rates and are expected to ease monetary policy further. This, along with persistent geopolitical risks stemming from the ongoing conflicts in the Middle East and the uncertainty surrounding the US Presidential election, turn out to be key factors driving flows towards the precious metal. thus said here are my predictions for the next few days Trading Implications: Bullish Scenario: If the price breaks above the 2,714 resistance level, it could indicate a continuation of the bullish trend, and new highs could be tested. Bearish Scenario: If the price fails to break above 2,714 and reverses downward, a pullback to the 2,691 or 2,677 support zones is likely, where bulls might regroup for another attempt upward.my take profit for the few coming days will be @2763 so for now am with the bulls as banks seeks to cut interest rates
TVC:GOLDLong
by que
XAUUSD:29/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2700 Four-hour resistance 2760, support below 2733 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The upward trend channel support is near 2735-38. It is our opportunity to arrange long orders near this position. The upper pressure opportunity is 2758-2762. At present, shorting in such a market is only a small decline and accumulation of momentum. Wait patiently for the key point to enter the market. BUY:2733near SL:2730 BUY:2739near SL:2735 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off! After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop. For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest. If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
FOREXCOM:XAUUSDShort
by Wealth_Waves
GOLD: Trend is still bullishHi Traders! Gold futures rise 0.3% to $2,763.30 a troy ounce. The precious metal is close to its all-time high of $2,772.60/oz, set on Wednesday. Gold is maintaining its strength despite rising U.S. Treasury yields and slightly easing geopolitical tensions, says Pepperstone research strategist Dilin Wu. The driving force appears to be bets on a potential Trump victory in the U.S. presidential election, Wu says in a note. This is coupled with growing concerns over the escalating U.S. debt crisis. While both candidates advocate for expansionary fiscal policies, a sweep for Trump could see U.S. debt skyrocket by $7.5 trillion over the next decade, Wu says. This is more than double the $3.5 trillion expected under a Harris administration. Given the "Trump trade," the path of least resistance for gold seems to be upward, she adds. From a technical point of view, the trend is still bullish and on the intraday chart we have something like a bullish harmonic structure with a potential Target around 2773. The Trendline bearish breakout is negative, because it could trigger the Harmonic Pattern failure. Please support this idea for future updates below. Thanks for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
GOLD REACHES NEW HEIGHTS AMID RISING SAFE-HAVEN DEMANDUS economic data   Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy. ECB rate cut   ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach. US dollar index-   The US dollar index showed a minor decline due to profit booking.  A break above 104 would confirm a continuation of the bullish trend.   Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
OANDA:XAUUSDLong
by DCFX-TA
Gold next move (weekly forecast)(07 October- 11 Oct-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (07 October- 11 Oct-2024) Current price- 2653 1st Scenario, (bullish move) "if Price stays above 2640, then next target is 2663, 2673 and 2688 and below that 2632" if price fulfills the 1st Scenario, 2nd Scenario, (bearish move) "if Price stays below 2690, then next target is 2660, 2645 and 2620 and above that 2700" -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
32
GOLD-Trade Plan 30/10/2024Dear Traders, Based on our earlier analysis, gold touched the 1.618 Fibonacci extension of wave 4 and then retraced approximately 100 pips. Our projection for the end of wave 5 is between 2790 and 2810. I anticipate a significant correction of at least 1000 pips, taking the price down to around 2680. We'll need to wait for wave 5 to fully develop and for confirmation of our analysis before taking any action." Dont Forget Like&Comment please ! Regards, Alireza!
OANDA:XAUUSDShort
by alirezak
XAUUSD / UNDER UPWARD PRESSURE TO PUSH A NEW ATH / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Current Price Action , Gold prices are approaching an all-time high (ATH) near $2,790. The price is now testing a demand zone between $2,756 and $2,746. If prices hold above or within this demand zone, there is potential for an upward move to the ATH of $2,790, with a possible extension to a new ATH of $2,810 if bullish momentum continues. If the price breaks below this demand zone, it could drop to the lower demand zone between $2,735 and $2,728. A decisive break below this level might confirm a downtrend. Overall Market Sentiment , Currently, the market exhibits upward pressure, with a generally bullish outlook as long as prices stabilize above or within the key demand zone.
OANDA:XAUUSDLong
by ArinaKarayi
Gold on interesting Technical fractalTechnical and Fundamental analysis: My mid-week Target been met earlier than I expected as the DX, (Stocks remained High) and Bond Yields dipped. The Volatility is still High however but Gold is giving me decent accuracy patterns but with mixed Technical signals and may look to set a new Support zone first (my estimate #2,772.80) before hitting #2,800.80 benchmark. The Long-term trend remains Bullish with Daily turned green on all of its MA periods, still on the middle stages of the new Bull run as it is just below the 0.618 Fibonacci level (hence the current pull-back). My Long-term Target remains #2,852.80 and #2,900.80 benchmark in continuation. I will treat every Bearish spike as an Buying opportunity. Notice how, as explained on previous posts, the DX broke its Daily chart's Support which was much needed for Gold in order to break first Lower then Higher. The decline on Bond Yields also helped. I believe that Gold's set to push Higher, potentially testing Higher High's Upper zone as interest Rates head Lower, central banks extend purchases, and uncertainty surrounding geopolitics and Bond Yields pullback. As these interest Rates came down, Gold has rallied in #2019, rising to the Highest level in six years, as Investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and China and festering trade frictions (similar to current upswing). The upswing has been given added momentum as central banks, including authorities in Russia and China step up purchases. A revival in Stocks lead to spillover demand from Investors for the older haven, Gold. Interest rates are going so low, particularly now in Europe. My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal.
TVC:GOLDLong
by goldenBear88
XAU/USD : Bull or Bear ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up to $2739, and it is currently trading around $2736. Pay attention to the $2732 to $2735 range, as it is a key demand zone. If the price can hold above this level, we will likely see further growth in gold. However, if this important support zone fails to hold back the decline, we could potentially see a further drop with the first bearish target at $2727. In case of continued growth (Scenario 1), the targets will be $2739.5, $2741, $2743.5, $2748, and $2755, respectively. 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
OANDA:XAUUSDLong
by ArmanShabanTrading
20
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
GOLD possible retrace?Hi guys, Gold, XAU USD is currently at a possible area where we may find strong resistance and selling opportunity. The pink box just above price is that zone. This zone is the 2.0 retracement of the massive base that gold created between 2011 and 2020. This zone is also significant retraces of all the high to lows on the daily from a few months ago. Price has been travelling in the bearish channel , and is now again at the very top of this channel. RSI is in overbought and clear divergence on the daily timeframe. All in all solid confluence to suggest sell setups may appear around this area. Lower timeframe entries using BOS CHOCH, trendline breaks ,chart patterns etc could lead to nice risk/ reward trades. Safe Trading all.
OANDA:XAUUSDShort
by elyask120
Lingrid | GOLD slows DOWN: Identifying OPPORTUNITY to Buy OANDA:XAUUSD formed a deeper pullback following the news release yesterday and has since bounced off a support level, which may indicate a potential entry into a consolidation phase. With another packed schedule of news events today, we could see volatile moves and spikes in the market. I anticipate that the market may pull back to take liquidity below the previous day's low and potentially retest the psychological level at 2700 before moving upward. My goal is resisatnce zone around 2770 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 is going to $3,000 as the market faces a tectonicAccording to the pricing experts, industry leaders, financial analysts, and big banks, there are several factors that could affect gold prices in 2024. These include: US/Global recession The Fed stops rate hikes Geopolitical tensions High Demand by Central Banks US dollar weakening India and China retail gold demand stabilizes US political risks Banking failures You can prepare a buy position every time the market goes down (Buy On Dip), Strong support area $2.602/toz Disclaimer: This only informative. The information & recommendations provided are not always complete & accurate, so customers need to verify personally. Trading futures is a costly activity and brings not only profits but also losses
FX:XAUUSDLong
by Njjeha
GOLD (XAUUSD) MULTI TRADE SETUPPAIR : GOLD ✔ Classic BULLISH formation GOLD is holding continuous UP Trend. Gold created the buy setup .We observe that if the higher high point is rejected then the market can come to 2726 and if retraces first then the open market will see 2735 -2730 to go fly 2771 and 2790 levels in ZONE. This week i think gold market create new higher.. .... So I can take BUY entry when the market bull run. . If your analysis matches it take a trade otherwise skip the trade. "💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"
OANDA:XAUUSDShort
by Forex_bank_Liquidity
1