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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 stays strong amid the US election and Fed rate cuts.Early on Tuesday morning, the latest developments surrounding the U.S. presidential election showed that former President Donald Trump is leading Vice President Kamala Harris in each of the seven swing states, although the margin is very narrow. A survey by AtlasIntel revealed that Trump holds the widest margin in Arizona, with 52.3% compared to Harris's 45.8%. This update seems to have helped the U.S. dollar halt its decline, keeping gold prices in USD at a low level. Furthermore, expectations of a less aggressive easing cycle from the U.S. Federal Reserve (Fed) have also supported the dollar. Personal opinion: Gold prices remain steady, fluctuating between $2,730 and $2,748, with no catalyst pushing them outside this range. While the RSI still indicates bullish momentum, buying pressure seems to be easing. For continued gains, gold buyers need to reclaim the key $2,750 level, which could lead to a target of $2,790. However, a daily close below $2,750 could signal further weakness. Pay attention to the price range: Buy Zone: 2715 - 2713 SL: 2708 Sell Zone: 2747 - 2749 SL: 2754 Sell Zone: 2761 - 2763 SL: 2768
OANDA:XAUUSDLong
by Chana-Trading
1
XAUUSD is forming a phase of correctionDisappointing NFP data was offset by hot wage inflation data. The U.S. labor market report failed to deter dollar buyers as it had limited impact on market pricing in Fed meeting expectations. Which had a negative impact on the price of gold... All eyes are now on the US presidential election on November 5, and the outcome of the Fed meeting on Thursday. Markets believe that Trump's policy will put upward pressure on inflation, bond yields and the dollar, while if Harris wins, the dovish policy will continue. Technically, traders are taking a wait-and-see approach. The price is forming a range, and most likely gold will trade inside this channel in the near term Resistance levels: 2745, 0.5 and 0.7 Fibo, 2758 Support levels: 2731, 2724, 2713
FX:XAUUSD
by SwiftSignalFX
1
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Our 1H chart is idea playing out perfectly, as analysed!! As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range. We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETR 2746 - DONE EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET 2752 - DONE 2762 - DONE BEARISH TARGETS 2736 - DONE EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2728 (DONE) - 2720 EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2707 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
Can we see XAU at USD2760 today? XAUUSD starting it's bullish moment, crossing the halfway mark of the uptrend channel, currently at USD2749.25. While the USD Presidential Election is ongoing, Gold is building up the bullish momentum. If the current candle can close above the previous high (USD2750.09), and maintaining above the upper region of the parallel channel. There may be a good chance we'll be able to see XAUUSD somewhere between USD2760.00 to USD2765.00. I may be wrong, but still hopeful that will be the case in the next few hours before the election concluded.
OANDA:XAUUSD
by shackks
1
Gold Long Term AnalysisSo I thought I'd post some thoughts for the first time on TradingView. As we've all heard a million times; 'the trend is your friend.' Given the price movement in Gold in the last week, I thought I'd zoom out on the weekly chart for Gold to see where last week's results sit with the longer-term trend. I've been using the adaptive trend finder from Julian_Eche, I like this tool because it provides some empirical rigour around identifying the trend along with some statistical testing to determine the strength. Whilst gold has been in an uptrend since ~Sept '23 we can see that the current trend was established in over the last 20 weeks with a pearson R squared of over 0.98 suggesting that the weekly close is adhering very closely to this established price channel. Last week's close appears to have been a result of some mixed economic news and profit taking however, the trend is still being respected. Given the mixed news from employment data and the PMI figures last week following higher than expected inflation data it appears that the Fed is still likely to cut 25pbs at the end of the week. The US presedential election result also looks to remain tight and it may take days for the result to be known adding uncertainty for markets. Gold ETFs have also seen substantial inflows this year as investors pour into the safe-haven asset which have supported the price. I believe that all this supports higher prices on the precious metal in the short to medium term and the intra-week movements seem to have respected established channel so far.
OANDA:XAUUSDLong
by dgowty
1
XAUUSD Resistance Zone MovementXAU/USD (gold) price movement. From your analysis: - **Current Price**: 2697 - **Support Zone**: 2690 - **Resistance Zone**: 2710 - 2720 Here's my take on this: 1. **Bullish Sentiment**: You mentioned that XAU/USD seems bullish, and based on the current price near the support zone (2697), it does appear to be in a potential upward move. The support zone at 2690 could act as a good buying opportunity if the price holds above this level. 2. **Resistance Zones**: The resistance zones at 2710 and 2720 could provide hurdles. If the price moves towards this area, there may be selling pressure, especially if the market has already tested these levels multiple times and failed to break through. 3. **Market Structure**: If the price bounces from the support zone (2690) and begins to move upwards, a potential test of the 2710-2720 resistance levels seems likely. Watch for price action around these levels. A breakout above 2720 would signal a continuation of the bullish trend, while a rejection at these resistance levels could lead to a pullback toward the support zone again. 4. **Risk Management**: It’s important to manage risk around these zones. If you’re looking for buying opportunities, you could consider entering near the support zone with a stop below 2690. On the other hand, if you are looking to sell, be cautious near the resistance zone, but remember to confirm any reversal signals before taking that position. It looks like you're keeping an eye on key levels and that’s crucial in understanding where the price could go. However, I’d recommend also monitoring overall market sentiment (interest rates, inflation, and broader economic data) since those factors can significantly impact gold prices.
FOREXCOM:XAUUSDLong
by Chris_hemsworth
1