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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

What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ? ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDShort
by CobraVanguard
India’s Gold Imports Jump 21.78% on Festive Demand Technical Analyze: The gold (XAU/USD) chart indicates a strong upward trend with the price reaching a key resistance level near 2,804. A break above this level would confirm a continuation toward the next bullish target at 2,816. Bullish Scenario: If the price breaks and stabilizes above the current resistance, it’s likely to continue toward the 2,816 level, as marked by the next bullish station. Bearish Scenario: Failure to hold above the correction point at 2,758 may trigger a pullback towards lower support levels around 2,738 and 2,712. A deeper decline could target the support zone at 2,677. Key Levels: Pivot Point: 2775 Resistance Levels: 2790, 2804, 2816 Support Levels: 2758, 2748, 2738 Trend Outlook: Correction til 2775 or 2758 Above 2775: Uptrend India's Gold Imports Surge Amid Strong Domestic Demand India's gold imports increased by 21.78% to $27 billion during April-September of this fiscal year, influenced by strong domestic demand, according to government data. This rise in imports impacts the country’s current account deficit (CAD). For the same period in the previous fiscal year (2023-24), imports stood at $22.25 billion. An industry expert highlighted that the ongoing festival season has significantly boosted demand, contributing to the increase in imports. previous idea:
OANDA:XAUUSDLong
by SroshMayi
3
GOLD Will Grow! Buy! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,782.14. The above observations make me that the market will inevitably achieve 2,800.00 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDLong
by SignalProvider
1
XAUUSD_1Hhello Short time gold analysis Analysis based on Elliott waves The first case: the market is in a blue wave and the ceiling of wave 3 has been reached, and we enter a short correction towards the 2765 range and the price increases again towards wave 5 towards the range of 2806 dollars. The second case: the market is in a red wave and continues to rise and completes wave 3 and enters the correction to the $2770 range and increases the price again towards wave 5. And in any case, we are buyers for any correction to the bottom for the next rising waves Important numbers as support 2761 and 2771 dollars Important numbers as resistance $2785 and $2806
OANDA:XAUUSDLong
by Elliottwaveofficial
GOLD new era levels, pay attention to today's GDP dataOn Asian markets on Wednesday (October 30), OANDA:XAUUSD delivery maintained its uptrend during the day and the gold price has now reached $2,780/ounce once again refreshing its all-time high and heading towards the target technical point noted by readers in yesterday's publication . OANDA:XAUUSD Continuing its upward momentum from the previous session, spot gold rose more than $32 on Tuesday due to uncertainty over the US presidential election and conflict in the Middle East, as well as expectations of an interest rate cut by the Federal Reserve. Federal Reserve, has enhanced the investment appeal of gold. During this trading day, the US Bureau of Economic Analysis will release third quarter gross domestic product (GDP) data. This is the most important economic data of the day and is expected to cause big fluctuations. on the financial market in general and gold in particular. Current market expectations suggest that the initial value of US real GDP in the third quarter is expected to grow at a quarterly rate of 3%. If GDP data is higher than market expectations, this could cause gold to correct short-term declines or react lower after a long streak of gains and support the USD. On the other hand, GDP data was much lower than expected, which should be supportive for gold and could see it continue to find new all-time highs. Ahead of the Fed's next policy meeting on November 6-7, traders will need to closely monitor more US economic data later this week including inflation and employment data. could provide direction for the Fed's 2025 outlook. Economists expect the Fed to cut interest rates by 25 basis points next week. Because gold does not generate interest, it tends to perform better in low interest rate environments and is considered a hedge against market volatility and risk. According to Bloomberg, the latest news coming from the situation in the Middle East, Israel launched an attack on a residential building in the northern Gaza town of Beit Lahiya on Tuesday, killing at least 93 Palestinians or more. missing. The US called it a "terrible incident". Regarding the situation in the Middle East, the latest report by Britain's Reuters on Wednesday said that the Gaza Ministry of Health announced that Israel had launched an attack on a residential building in the northern town of Beit Lahiya Gaza on Tuesday, leaving at least 93 Palestinians dead or missing, and 10 injured. Medical staff said at least 20 children were among the dead. Analysis of technical prospects for OANDA:XAUUSD The technical chart continues to show that gold has the ability to increase in price comprehensively with the price channel currently trending in the short term. Gold has also had 4 consecutive days of gains after correcting from $2,758, it is heading for the 5th day with an active position that brings a lot of upside prospects. Currently, gold has broken above the price channel while maintaining price activity above the 0.382% Fibonacci extension, which provides it with room to continue further gains with a subsequent target of around $2,786 Fibonacci price points. extended 0.50% attention to readers in yesterday's edition. As long as gold remains in the price channel, it will still have a short-term bullish outlook, along with that, once gold breaks above the 0.50% Fibonacci level it can continue to increase further towards the original price level of 2,800 USD, Fibonacci point 0.618% at 2,804USD. The relative strength index (RSI) has just broken above the overbought area, but has not yet peaked nor shown any signs of weakening, so in terms of momentum, prices can still be bullish with expectations of a correction around the area. The price point area was 2,800 USD when RSI peaked. During the day, the bullish outlook for gold will be noticed again by the following technical levels. Support: 2,774 – 2,768USD Resistance: 2,786 – 2,800 – 2,804USD SELL XAUUSD PRICE 2801 - 2799⚡️ ↠↠ Stoploss 2805 →Take Profit 1 2794 ↨ →Take Profit 2 2789 BUY XAUUSD PRICE 2740 - 2742⚡️ ↠↠ Stoploss 2736 →Take Profit 1 2747 ↨ →Take Profit 2 2752
OANDA:XAUUSDLong
by Xayah_trading
Gold soared amid U.S. election instability and geopolitical riskSpot gold prices surpassed $2,770 on Wednesday as market participants sought safety ahead of significant data releases and the upcoming U.S. elections. The precious metal gained momentum before Wall Street opened, accelerating after the release of U.S. data. The Conference Board's consumer confidence index rose to 108.7 in October, up from 99.2 in September. The present situation index increased to 138.0, while the expectations index surged to 89.1, well above the 80 threshold that typically signals an impending recession. Personal opinion: XAU/USD has pulled back slightly from a new high but is still holding most of its gains for the day, trading around $2,766. The technical indicators on the daily chart still suggest that a further bullish trend could continue, indicating the possibility of another price increase in the near future. Pay attention to the price range: Buy Zone: 2746 - 2744 SL: 2739 Buy Zone: 2760 - 2758 SL: 2753 Sell Zone: 2794 - 2796 SL: 2801
OANDA:XAUUSDLong
by Chana-Trading
1
GOLD BUY OR SELL IMPORTANT ANALYSIS?Technical Analysis: Currently, gold is trading at $2771, showing signs of potential volatility in the near term. The price has recently faced resistance around $2785 to $2790, which suggests that a correction may be imminent. I anticipate a retest of key support levels at $2758 or even $2748 before a possible rebound. Should the price maintain above these support zones, we could see gold push higher, targeting those upper levels again. Conversely, if selling pressure persists and we break below $2748, the next support level to watch would be $2730. Fundamental Analysis: On the fundamental side, gold's movements are heavily influenced by macroeconomic factors such as interest rates, inflation expectations, and geopolitical tensions. Recent economic data points, such as inflation reports and employment figures, have created uncertainty in the markets. This backdrop has historically driven investors towards safe-haven assets like gold. If ongoing economic indicators continue to signal instability, we may witness renewed buying interest in gold, pushing prices higher. However, if the Federal Reserve maintains its aggressive stance on interest rates, this could exert downward pressure on gold, reinforcing the need to monitor these developments closely. Let’s see how gold plays out in the coming sessions!
CAPITALCOM:GOLD
by goldsnipertrades
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan: Trade Details: Option 1: Entry: Sell in the Potential Reversal Zone (PRZ) Stop Loss: 2759.50 Option 2: Entry: Sell Stop at 2740 Stop Loss: Above the defined last high (LH) Reason for Trade: The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation. Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
OANDA:XAUUSDShort
by Unknown_Trader007
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.
OANDA:XAUUSDLong
by jfqch1
Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential. Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements! Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
H4 SCENARIO Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and Federal Reserve policy changes expected by the end of 2024. Goldman Sachs foresees gold possibly reaching $2,700 per ounce, supported by a weaker U.S. dollar and ongoing high demand from central banks worldwide. Other analyses, including insights from Bank of America, suggest levels around $2,400 if rate cuts proceed in Q2 2024, which may stimulate further demand. Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
CITYINDEX:XAUUSDLong
by BELLATRIXFX
10.29 Gold Short-term Professional Operation AnalysisLast Friday, the gold price generally showed an upward trend. The highest price rose to 2747.56 on the day, and the lowest price fell to 2716.9, closing at 2746.25. Looking back at the details of the gold market performance last Friday, the price was suppressed by the four-hour resistance position during the early trading, and then it was under pressure to go down as expected, and then it stopped going up again after falling in the European session, and the US session rose strongly again, and finally ended with a big positive state on the daily line. At present, gold is still above the daily support of 2692, so it is still more band-oriented for the time being. At the same time, the price in the four-hour period continued to fluctuate in the range of 2710-2758.5, with the middle position in the 2730 area, so the price in the range focuses on selling high and buying low. Considering the overall bullish trend, the focus is on the subsequent upward trend in the range, and the price will continue after breaking the range. Intraday operation: Gold 2719-20 range is more, defending 10 US dollars, target 2730-2750
TVC:GOLDLong
by David_strategy
1
Continue to short goldFrom the market point of view, the decline of gold in recent trading days is inseparable from the boost of news, but overall, the bears have clearly taken the advantage. In terms of the daily line, the current daily line structure is six consecutive negatives, which is very weak from the perspective of the shape alone, especially after breaking the 2630 low support and closing at a low level. After the gold price tested near 2630 yesterday, the upward weakness was fully revealed. The short-term indicators continued to probe downward, and the price was under pressure. The short-term 5-day moving average and the 20-day moving average formed a strong suppression. The other period moving averages maintained a short-term arrangement and development. The daily line tended to be obviously weak, and the overall bears had the advantage. Operation ideas: It is recommended to continue to look at the performance of bears for intraday operations. As for the upper resistance, continue to pay attention to the 2630 area. This is the low point of last week and is a strong support. It is also the current top-bottom conversion. Therefore, there is a probability of continuing to explore the 2600 area or even breaking through it during the day. If it is strongly broken by the bulls, it may form a wave of continued pull-up. At that time, we need to focus on the intensive strong pressure in the 2645-2650 area. After being pierced at the end of last week, there was a large decline, which fully demonstrated that its suppression was strong, so we can continue to arrange short positions. As for the lower support, pay attention to the 2605-2600 area. As the low point of yesterday's trading, it is the first time to approach it in the white market today. Short-term long can be considered, but any break will increase the probability of short-term extension downward. At that time, we need to pay attention to the short-term support formed in the 2685-2688 area. Of course, for these short-term supports, I think we can only participate in short-term long when the opportunity arises. After all, the current short-term control ability is constantly strengthening.
OANDA:XAUUSDShort
by jfqch1
1
XAUUSD: Bullish trend still intact.Gold is heavily bullish on its 1D technical outlook (RSI = 67.558, MACD = 11.460, ADX = 25.892) as supported by the 4H MA50, it is approaching the top of the 3 month Channe Up. Compared to the two bullish waves before it, the 4H RSI shows that there is still at least another 2 days on this uptrend. Stay bullish (TP = 2,800) and sell on the first sign of rejection near the top. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
“Gold’s Next Big Move: Key Price Levels in Focus”Gold (XAUUSD) has been in an upward trend, with key indicators suggesting it may either continue rising or face a pullback soon. This analysis highlights crucial Fibonacci levels, resistance zones, a parabolic curve supporting the bullish trend, and a potential ABCD reversal pattern. Monitoring these levels can help traders identify opportunities for buying or selling as gold approaches critical price points. Key Price Levels to Watch Primary Resistance: $2,778.68 – Major resistance level, could act as a ceiling for price movements. Potential Reversal Zone (ABCD Pattern): $2,830–$2,880, with an upper margin up to $2,898. Next Major Resistance (if breakout occurs): $3,163.70 Upper Target Levels: $3,342.93 and $3,737.90 for extended bullish continuation. Fibonacci Support Levels (for a possible pullback): 0.236 Level: $2,523.41 0.382 Level: $2,354.63 Trading Scenarios Bullish Continuation: Watch for a breakout above $2,778.68, with potential to reach $3,163.70 and beyond if the bullish trend continues. Bearish Reversal: If resistance holds in the $2,830–$2,880 range, a pullback to Fibonacci support at $2,523.41 or $2,354.63 may be likely. Takeaway Gold is nearing a critical resistance range, and traders should monitor for either a breakout or reversal, using the 3-5% margin for flexibility around key levels. Disclaimer: This is not financial advice. Conduct your own research and consult a financial advisor before trading.
PEPPERSTONE:XAUUSD
by Gravity-Traders-Academy