xauusdGold will surely correct to sell for the afternoon, let's not forget that the trend is bullish
GOLD.PRO.OTMS trade ideas
GOLD with two probabilities for 10/28/2024GOLD with a high probability to make the decision for 10/28/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Gold key levels for week 27th to 01Gold key levels for the upcoming week:
Recommended buy and sell levels are as follows:
For a buy, I'll consider entering at 2754, expecting the following:
- 2760 to 2762 as resistance
- 2771
- 2778 to 2780 as key resistance
- 2789
If 2789 is breached (though highly unlikely), the next levels would be:
- 2806
- 2816
- 2820
On the sell side, I'll look to enter at 2738, anticipating:
- 2730 as the first resistance
- Then 2720 as another significant resistance
- 2714
- 2702
- 2691
- 2680
- 2650
Xauusd Gold price (XAU/USD) has stretched to fresh record highs on Wednesday, favored by a combination of higher demand for safe-haven assets amid the US political uncertainty and retreating US Treasury yields.
Gold sell 2780
Support 2770
Support 2763
GOLD: Move Down Expected! Sell!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 2,764.510$
Wish you good luck in trading to you all!
10.30Gold accelerates to the top, 2780 watershedThe gold market rose strongly yesterday. It opened at 2742.3 in the morning and then fell back to 2739.5. After that, it rose strongly. After reaching the previous historical high of 2758, the market was under pressure and consolidated to 2745.8. After that, the market rose strongly in the US market due to fundamental stimulus. After breaking the previous historical high, it reached the highest point of 2774.9 and then consolidated. The daily line finally closed at 2774.5. After that, the market ended with a saturated large The market closed with a positive line, and after this pattern ends, today's market has the technical need to impact the 2805 pressure. In terms of points, the longs at 1996 and 2028 below have stop losses followed up at 2600. After the long positions at 2722 were reduced last Friday, the stop loss followed up at 2735. Today's market is 2762 longs and 2759 longs are conservative with stop losses at 2755. The target is 2775. If it breaks through, the target of this round of impact will be at the 2800-2805 pressure.
XAUUSD GoldPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
Symmetrical Triangle as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
RSI - Divergence
Order Block
Gold Prices Surge, Testing the 2,800 Resistance LevelGold reached a peak of $2,771.61/oz on October 29, driven by political uncertainties and expectations of a Fed rate cut, climbing 0.9% to $2,766/oz.
Currently, gold remains in a strong uptrend, approaching the critical resistance level at 2,800 – a barrier that could put pressure on further growth.
However, the support zone at 2,700, along with the trendline, acts as a potential “launchpad” if there’s a slight pullback.
A smart strategy is to wait for a pullback to this support zone to buy in, capitalizing on a possible rebound.
Don’t forget to place a stop-loss below the support level, as in this game, a single slip could shift the entire market landscape.
Gold 1H Intra-Day Chart 28.10.2024Despite the 120 PIPS gap on market open for Gold last night, price has pushed back up again covering most of the gap. Currently a lot of choppy price action. Here is what I am looking for next;
Option 1: Gold carries on dropping lower now towards $2,680 as first target.
Option 2: Gold pushes a little higher towards $2,770 - $2,785 next.
Gold possible buy Yesterday we traded continuation trend, today we will continue from where we stopped, liquidity has been created and cleared while entry has been activated
XAUUSD - Up 75% - $2,800Based on the analysis, here’s a probability breakdown for the upward continuation of Gold (XAU/USD) toward the $2,800 - $2,820 target leading up to the U.S. election on November 5:
Probability of Reaching $2,800 - $2,820 by End of This Week or Early Next Week: 75 out of 100
This is due to strong recent momentum, supportive fundamentals, and robust buying pressure shown on the volume indicators.
Probability of Gold Continuing a Bullish Trend Until the U.S. Election: 85 out of 100
With the election approaching, geopolitical uncertainty and demand for safe-haven assets favor Gold’s upward trend, supported by strong technical foundations and continued buy-side volume.
These probabilities reflect current technical and fundamental signals, as well as historical tendencies for Gold in pre-election periods.
XAUUSD position
Today's GDP News could see Gold reach ATH of 2800.If the Gold price hits the mark then it could drop sharply during the crude oil inventories news.
XAUUSD Plan day (30/10/2024)
SET UP GOLD PRICE:
SELL GOLD zone: $2796 - $2800
BUY GOLD zone: $2762 - $2763
Gold price analysis October 30Fundamental Analysis
Gold prices rose to a fresh record high in Asian trade on Wednesday as uncertainties surrounding the US presidential election and Middle East conflicts continued to boost demand for traditional safe-haven assets. Additionally, a slight decline in US Treasury yields and weak US Dollar (USD) price action benefited the precious metal. The supportive factors, to a large extent, overshadowed the bullish market sentiment, which tends to weaken the commodity.
Even expectations of fewer rate cuts by the Federal Reserve (Fed) and higher US Treasury yields could not mask the underlying bullish sentiment surrounding non-yielding Gold. However, it remains to be seen whether buyers can build on the upside momentum amid mildly overbought conditions on the daily chart and ahead of key US macro releases. The data could provide signals on the Fed's interest rate outlook and determine the next step in the directional move for XAU/USD.
Technical Analysis
Gold is at an all-time high with expectations of retests to continue buying in line with the trend. The first areas of interest are the breakout zone at 2770, the next around 2761 and the last area of interest around 2745. These are the 3 important support areas with the aim of reaching the 2800 round port. Only consider scalping in the psychological price zones of 2785 -2790-2800.
Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit.
Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow.
It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.
Gold expands its range, waiting for key U.S. economic data.USD buyers took profits after a three-month high, repositioning before key U.S. economic data. The JOLTS survey and Consumer Confidence data will be watched for insights on economic resilience and potential Fed rate cuts. Traders are cautious ahead of the PCE inflation index and Non-Farm Payroll report, as well as Q3 earnings from major companies like Alphabet, Meta, and Amazon, which are weighing on the USD.
Personal opinion:
If gold holds steady at $2,750, it could be a positive signal for optimistic traders. If it continues to rise, gold might surpass the all-time high around $2,759 and test the resistance level of the upward trend line that has been in place for nearly four months, around $2,770-2,775. If this momentum continues, we could see gold reaching the $2,800 mark.
Pay attention to the price range:
Buy Zone: 2727 - 2725
SL: 2720
Sell Scalp: 2758 - 2760
SL: 2765
Sell Zone: 2769 - 2771
SL: 2776
XAUUSD ANALYSIS PLAYING OUTAt the start of the week I told you guys of how I will be taking buys if price broke above and retest yes price did that but I missed getting in was waiting for a pullback to activate buy my limit buy didn’t get a pullback but if you got in at the support congrats and Enjoy….
300 pips target trading strategy !Gold price is falling at the beginning of the sixth, when the seller returns after not finding a firm foothold on the $ 2,740 static resistance threshold again. The attention is now switching to a series of new US economic data and speeches from the US Federal Reserve's policy makers to create a new motivation for gold prices.
Transaction plan:
Buy around the support level 2,720.
Price target: 2,758.
Gold Weekly Analysis 28 Oct - 1 Nov 2024Gold Weekly Analysis 28 Oct - 1 Nov 2024
World Gold rose to $2,745/toz on Friday, recovering from earlier profit-taking as geopolitical tensions in the Middle East and uncertainty surrounding the upcoming US election increased demand for safe haven assets.
Next week based on Kitco.com survey. Although not as optimistic as the previous week, Wall Street & Main Street still agree that gold will continue its rise.
According to the Trendline Indicator, the 4-hour gold time frame is in a consolidation phase with a bullish bias.
Transaction Advice
If the price falls and is stuck above 2733, wait for a valid Buy signal to appear because the market has the potential to rise again to test the All Time High (ATH) 2758, if it breaks, you can open a buy position again because the market will continue to rise towards the next resistance in the 2773 - 2789 area
However, on the other hand, if the price falls below the 2733 pivot, you can look for an opportunity to buy in the 2708 support area. WARNING If the price is confirmed to close below 2708, there is an opportunity for gold to change direction to a downtrend.
Important US Data Next Week
CB Consumer Confidence (29/10)
JOLTS Job Openings (29/10)
ADP Non-Farm Employment Change (30/10)
Advance GDP q/q (30/10)
Core PCE Price Index m/m (31/10)
Employment Cost Index q/q (31/10)
Unemployment Claims (31/10)
Average Hourly Earnings m/m (1/11)
Non-Farm Employment Change (1/11)
Unemployment Rate (1/11)
ISM Manufacturing PMI (1/11)
Disclaimer: The information above is informative and you need to verify it and always remember and understand risk management if there is a reversal, also pay attention to ongoing technical indicators and fundamental news that will be released
#XAUUAS #GOLD 15MinOn the lower timeframe, I’m looking for a buying opportunity around my key zones at 2734.00 and 2730.00.
Targets: 2750.00 / 2765.00 / 2775.00
Avoid placing advance orders at this time; wait for a strong bullish confirmation before entry.
#XAUUSD
#XAUUAD #GOLD 1HAccording to the 1-hour analysis, I'm currently observing a potential long-term buying opportunity if the price retraces to the 2725 - 2710 zone.
Targets: 2730 / 2740 / 2755
Refrain from placing advance orders at this time. Wait for a clear bullish confirmation before entering.
No Confirmation, No Entry.
#XAUUSD
BULLISH OUTLOOK showing a slight uptick of 0.11% in today's session. The price range for today is between $2,728.75 and $2,733.15, while the 52-week range for gold
Based on technical analysis, the momentum is mixed, with near-term indicators leaning towards a buy signal. This suggests that gold prices may see some bullish movement, but overall sentiment could shift due to market volatility. The possibility of gold approaching the $2,750 mark exists if momentum sustains, but caution is advised.
Xau/ usd ShortLong Trend Is Still Bullish but On Technical basis short is coming. Resistance area from 2770-2780. And the top trend line is also touching these areas. So From this resistance zone seller will be active.first support is 2715-2720
#Gold another bearish leg possibilityIn the 1H timeframe, it appears that price has completed a 5-wave bullish impulsive move, which may now be followed by a 3-wave bearish corrective move.
So far, we have observed legs A and B of this bearish correction, but wave C has yet to form.
Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.
