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GOLD trade ideas

H-1 SCENARIO [TRUE SMC STRUCTURE MAPPING] gold is showing key levels that may signal its next move. Currently, minor resistance is observed around $2,775, aligned with a downward trendline that could trigger selling pressure if prices approach this level. A failure to break above this could lead to a pullback, potentially driving prices down to the support level around $2,732. Should gold breach the $2,575 level, it may see additional bullish momentum toward recent highs. The primary support range to monitor on this timeframe is around $2,622, with a critical psychological support near $2,600 if further declines occur. A strong move above resistance, particularly with positive catalysts such as dovish Fed expectations, could pave the way for further gains​
OANDA:XAUUSDLong
by BELLATRIXFX
GOLD established a falling structure after a sharp declineOANDA:XAUUSD Spot delivery is basically stable after yesterday's plunge. The current gold price is about 2,660 USD/ounce. Previously on Wednesday (November 6), after Trump was elected President of the United States, investors rushed to buy US Dollar, OANDA:XAUUSD plummeted to its lowest level in 3 weeks. As sent to readers in many articles about the election of Trump, a shock decline in gold is inevitable because Trump's "steering wheel" will support the Dollar from general economic policies. Trump's victory will boost the dollar as he is expected to propose new tariffs that could cause a spike in inflation and cause the Federal Reserve to pause its easing cycle. Fed decision upcoming After cutting interest rates by 50 basis points in September, the market expects the Fed to cut interest rates by 25 basis points this time. The US economic calendar today (Thursday) will focus on the Federal Reserve's monetary policy decision. The Fed is expected to reduce borrowing costs by 25 basis points to a range of 4.50%-4.75%. Trump and the Fed Trump's economic policy proposes imposing taxes, increasing the fiscal deficit, and reducing taxes. His economic advice conflicts with the Fed's anti-inflation policy. Therefore, the Fed will be forced to take a very cautious approach when loosening monetary policy. The risk of rising inflation after Trump introduced new taxes could slow the pace of interest rate cuts by the Federal Reserve. This is very important because Trump and the Fed are becoming opposing, it is likely that Trump will destroy all previous efforts of the Fed to curb inflation. For more than 70 years, the Federal Reserve has operated as an independent government agency in the United States, but this tradition may soon be overturned. After declaring victory on Wednesday (November 6), Donald Trump is preparing to talk about "interest rates" after taking office in January 2025, insisting his intuition is better than the Chairman of the Reserve Federal Powell. For more than 70 years, the US central bank has operated as an independent government agency. When officials meet to decide interest rates, they will not need to consult with the president and other elected officials. That's because, as the former Fed chairman famously said, “The job of the central bank is to get rid of the drinking bowl just as the party is getting started.” In other words, they have to make unpopular decisions that ultimately seek to bring long-term benefits to the economy. However, once President-elect Trump returns to the White House, the independence the Fed has maintained for many years could be compromised. Trump's statement was posted on CNN: “I think the president should at least have a say. I feel very strongly,” Trump said about the Fed's interest rate decision at a press conference in August. Trump added: “I make a lot of money, I'm very successful and I think in many situations I have better abilities than the people at the Fed or the president.” Analysis of technical prospects for OANDA:XAUUSD After yesterday's strong price drop, gold has all the technical conditions to decrease in price through the price channel. The fact that gold was sold below the price channel and the 21-day moving average (EMA21) caused the bullish price structure to be completely broken. Currently, gold is recovering slightly after receiving support from the 0.618% Fibonacci retracement level, and once this level is further broken below, gold tends to continue to decline with a subsequent target level of around 2,600 USD around the 0.786% Fibonacci retracement area. On the other hand, the Relative Strength Index continues to point downward after breaking the 50 level, which should be considered a negative signal for gold as the RSI's next target is 25. Showing that the downward momentum remains quite wide in the front. In the near future, technically, gold has the potential to decrease in price with the price channel being the short-term trend. As long as gold remains in the price channel and below the EMA21 level, the bearish outlook will still be prioritized, and the notable points will be listed as follows. Support: 2,640 – 2,645USD Resistance: 2,668 – 2,684 – 2,697USD SELL XAUUSD PRICE 2708 - 2706⚡️ ↠↠ Stoploss 2711 →Take Profit 1 2701 ↨ →Take Profit 2 2696 BUY XAUUSD PRICE 2637 - 2639⚡️ ↠↠ Stoploss 2633 →Take Profit 1 2644 ↨ →Take Profit 2 2649
OANDA:XAUUSDShort
by Xayah_trading
1
Gold : Short Term Trading Pattenr Trading Setup: A Trading Signal is seen in the Gold XAUUSD h4 Traders can open their Sell Trades NOW m15 TA : ⬇️Sell Now or Sell on 2754.9 ⭕️SL@ 2776.0 🔵TP1@ 2713.0 🔵TP2@ 2673.0 🔵TP3@ 2606.1 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDShort
by pullbacksignal
FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold. Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues. ⭐️Personal comments NOVA: As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2727 - $2729 SL $2734 TP1: $2720 TP2: $2710 TP3: $2700 🔥BUY GOLD zone: $2668 - $2670 SL $2663 TP1: $2675 TP2: $2688 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Trump vs. Harris: Economic and Policy Impacts on the U.S. Introduction: The U.S. presidential election is one of the most critical events in global politics, shaping the future of the country’s policies. This year, voters face a significant choice between two candidates with distinct approaches: Donald Trump and Kamala Harris. Their policies will influence the economic, social, and environmental future of the U.S. This script explores the key focus areas of both campaigns, their policy priorities, and the potential impact on the U.S. economy and national debt. 1. Economic Focus in Campaigns: Donald Trump: Tax Cuts and Deregulation: Trump emphasizes reducing taxes and deregulating industries to stimulate economic growth. He believes this approach helps businesses thrive and creates jobs. Job Creation and Manufacturing: Trump aims to bring back manufacturing jobs to the U.S., reduce outsourcing, and bolster domestic industries. Trade Policies: His "America First" trade policies focus on renegotiating trade deals to benefit American workers and industries. Stock Market Performance: Trump often points to stock market gains as an indicator of economic health and success under his administration. Kamala Harris: Economic Equity and Middle-Class Support: Harris advocates for policies that support the middle class, such as raising the minimum wage and providing tax relief for lower-income families. Investment in Green Economy: Her plan involves creating jobs through investment in renewable energy and sustainable infrastructure, aiming for long-term economic growth. Healthcare as Economic Policy: Harris believes in reducing healthcare costs, arguing that affordable healthcare boosts economic productivity. Support for Small Businesses: She proposes targeted support for small businesses, especially those owned by women and minorities, to foster inclusive growth. 2. Policy Focus in Campaigns: Donald Trump: Immigration and Border Security: Trump’s policies focus on strict immigration control and border security to protect American jobs and safety. "America First" Policy: This policy emphasizes prioritizing U.S. interests in trade, defense, and foreign relations, appealing to nationalistic sentiments. Law and Order: Trump advocates for strong law enforcement to tackle crime and violence, particularly in urban areas. Kamala Harris: Healthcare Reform: Harris promotes expanding access to affordable healthcare, with reforms aimed at improving the healthcare system. Climate Change and Green Policies: She strongly supports measures to combat climate change through renewable energy and environmental regulations. Social Justice and Equality: Harris focuses on criminal justice reform, racial equality, and reducing income inequality. Women's Rights and Reproductive Health: She advocates for protecting women’s rights, including access to reproductive healthcare and equal pay. 3. Impact on U.S. Debt: Donald Trump: Tax Cuts and Defense Spending: His tax cuts, similar to those in the 2017 Tax Cuts and Jobs Act, are expected to reduce government revenue and potentially increase the national debt by $1.5 trillion over a decade. Short-Term Debt Impact: Increased defense spending could further elevate the debt unless offset by spending cuts elsewhere. Kamala Harris: Healthcare and Green Investments: Harris’s plans for healthcare expansion and green initiatives could increase the debt by $3.0 trillion over the next decade, unless funded by higher taxes on the wealthy and corporations. Long-Term Debt Impact: While these investments aim for sustainable growth, the initial cost could significantly raise the national debt if not managed carefully. Conclusion: In this election, Americans are choosing between two very different visions for the country’s future. Donald Trump’s focus on tax cuts, deregulation, and strong national policies contrasts with Kamala Harris’s emphasis on healthcare reform, climate action, and social justice. Understanding the economic and policy implications of each candidate's platform is crucial for voters. This decision will shape not only the U.S. economy but also its social fabric and global standing for years to come. Impact on the Global Economy: This election will not only determine the direction of U.S. domestic policies but also significantly influence the global economy. The current geopolitical landscape, including ongoing conflicts, adds to the complexity. The policies of the next U.S. administration could shift trade dynamics, global markets, and international alliances, particularly during a time of heightened tensions and uncertainty. Risk Management During the Election: During election periods, markets can be highly volatile due to uncertainty. To protect against potential losses, traders should: 1. Reduce Position Sizes: Lower your exposure to minimize the impact of sudden price swings. 2. Set Tight Stop Losses: Use stop-loss orders to limit potential losses. 3. Avoid Overtrading: Stay disciplined and avoid making impulsive decisions based on market noise. 4. Hedge Positions: Consider hedging strategies, such as options, to manage risk. 5. Stay Informed: Keep track of election-related news and updates to adjust your strategies accordingly. 6. Increase Cash Reserves: Holding more cash reduces risk exposure and provides flexibility. By following these risk management strategies, traders can navigate the election period more safely and protect their capital.
OANDA:XAUUSDEducation
by SroshMayi
Hellena | GOLD (1H): Short to support area 2641.84.Colleagues, I believe that the price will continue the downward movement, but before this movement there is a high probability that the price will reach the area of 2734, then continue the downward movement. There are only 2 options to enter the position. Either you take a risk and enter on the market. Or you wait for the local high of 2710 to be updated. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
1
THE KOG REPORT - UpdateEnd of day update from us here at KOG: In Sunday's KOG Report we gave the levels of interest above that we wanted to long into and then said we would be looking for RIPs there to short the market. We did get a bit of a stretch and range above, but the 2780-85 region worked well together with KOG's bias of the day completing all the bullish targets and then giving us the move down that we wanted today following the bias level targets and the red boxes. A phenomenal move on Gold which may have caught many traders by surprise, but after the move we've had, it's normal to see this type of pullback. Now we've tapped into the order region and price looks like it's exhausting, we will suggest no shorting here, rather be looking for the 2730 level to hold us up and for there to be a potential move upside into the initial levels of 2745 and above that 2750. Expect there to be a lot of ranging and choppy price action now pre-event NFP tomorrow. For now, that's been a pretty accurate week again for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
Ready for the US election, GOLD still fluctuates quite modestlyOANDA:XAUUSD volatile without a clear trend, as uncertainty over the US election has fueled market expectations of a controversial outcome and possible political tensions, while investors also Close attention should be paid to the Federal Reserve this weekend during their monetary policy meeting. The US presidential election takes place on Tuesday, with polls showing Democratic candidate Kamala Harris and Republican candidate Donald Trump in a tight race for the White House. A Reuters/Ipsos poll last month showed public fears that the US could repeat the riots that followed Trump's 2020 election loss, when hundreds of people stormed the country after he claimed that his defeat was due to fraud in Congress. If Trump wins, I think gold will fall then rise quickly again because a Trump win will benefit the Dollar and a stronger Dollar means gold will be under direct correlation pressure. However, we will not forget that under Trump, the tariff war and his policies created a long period known as the “Trade War”, which has caused gold prices to increase ever since. up to now. Another focus this week is the Federal Reserve's interest rate decision on Thursday, with markets expecting a 25 basis point rate cut. Gold is considered a hedge against economic and political instability and often performs well when interest rates are low. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has reached the support level most recently noticed by readers in the previous issue at the horizontal support level of 2,725 USD. There has been a slight recovery as of the time this article was completed, but the level of recovery is not significant as the operating amplitude is still very slow while the downward RSI has not been reached yet. level 50, level 50 is considered a support or resistance point depending on the RSI's movement conditions. In the short term, if gold moves above 2,745 USD, the resistance point you noticed in the previous publication, it will have the conditions to continue to increase further with a target of around 2,768 USD in the short term. , more than the 2,786USD price point of the 0.50% Fibonacci extension. In a more negative case, gold breaks below 2,725 USD, it is likely to decline further with a target of 2,709 USD in the short term more than the original price of 2,700 USD which is also the price point of the 21-day moving average EMA21. Therefore, the short-term long-term protection level should be set behind the level of 2,725 USD, in the longer-term case the long-term open position protection level should be set behind the original price level of 2,700 USD. In the immediate future, gold still has an upward trend in the medium and long term with support for the above mentioned price increase, and notable points will be listed as follows. Support: 2,725 – 2,709 – 2,700USD Resistance: 2,745 – 2,768 – 2,786USD SELL XAUUSD PRICE 2777 - 2775⚡️ ↠↠ Stoploss 2781 →Take Profit 1 2770 ↨ →Take Profit 2 2765 BUY XAUUSD PRICE 2703 - 2705⚡️ ↠↠ Stoploss 2699 →Take Profit 1 2710 ↨ →Take Profit 2 2715
OANDA:XAUUSD
by Xayah_trading
XAUUSD 8H1. Wyckoff Phases and Structural Analysis The chart is divided into classic Wyckoff Phases—Phase A, Phase B, Phase C, and Phase D—suggesting a potential accumulation or reaccumulation pattern. Phase A - Reaccumulation: Early stage where preliminary support (PSY) and automatic reaction (AR) are identified, hinting at the beginning of a potential reaccumulation zone. Phase B - Distribution: This phase includes various swing highs and lows, establishing a broader range, and showing signs of a Secondary Test (ST) in distribution. There's also a Sign of Weakness (SOW) in Phase B, indicating initial distribution signs, but later phases suggest this could be a false distribution. Phase C - Spring or Test: Typical in Wyckoff theory, this is the phase where the price tests liquidity by pushing lower before reaccumulating. The pattern indicates a possible shakeout to trap sellers. Phase D - Reaccumulation: In this phase, the Last Point of Support (LPS) has been marked, suggesting that price is preparing to move upwards out of the range, but careful monitoring is needed for confirmation. 2. Elliott Wave Structure The wave labeling indicates a series of impulsive and corrective waves, with the current high marked as Wave (5) in a diagonal formation. Diagonal Wave 5: The peak around $2,823.37 and $2,851.21 (1.236 extension) marks the end of a potential diagonal fifth wave, hinting at a possible completion of the trend. Corrective Waves (1), (2): After reaching Wave (5), the chart indicates corrective waves in orange lines, suggesting that the price could be entering a multi-wave correction phase to retest previous support zones. 3. Key Price Levels and Fibonacci Extensions Volume Divergence by Wave 5 (1.236 Extension): The chart highlights volume divergence at $2,803.59 and the diagonal completion around $2,823.37, signaling potential exhaustion and a likely reversal or deeper pullback. Invalidation Levels: Notably, $2,733.24 is labeled as the Invalidation Level for further bullish progression. If price falls below this, the wave structure and bullish continuation are at risk. Support and Resistance Zones: POC (Point of Control): Around $2,594.99 is a significant level where trading volume concentrated, acting as support in Phase D of reaccumulation. PWL (Previous Week Low) and PMH (Previous Month High): These levels serve as short-term reference points for retracement and potential support or resistance. 4. Trading Traps and Manipulation Zones Creek: The chart marks an area as "Creek," which Wyckoff practitioners recognize as a resistance zone within the reaccumulation phase that needs to be broken decisively for further upside. SOW (Sign of Weakness) in Phase B: This area is marked to indicate possible price manipulation; it’s designed to induce selling pressure and trap retail traders, only for the price to potentially rebound. Buy Side Liquidity (BSL): Buy-side liquidity zones are marked at the peaks, suggesting these areas may serve as potential reversal zones due to liquidity grabbing, especially in Phase B. 5. Strategic Points of Interest and Future Outlook Phase C – Final Test or “Spring”: This phase acts as a last point of support before a more confirmed move higher, assuming the reaccumulation thesis holds. The test in Phase C indicates a potential turning point for another bullish run. Resistance and Support Lines for Distribution Phases: Resistance Line at the BC Distribution level might act as an overhead ceiling if prices try to push higher. Support Line at AR Distribution: If prices fall below this line, it could invalidate the reaccumulation structure and trigger a larger downtrend. Projection Path: Orange lines map out a potential future wave structure, indicating anticipated moves within the corrective phases, with likely touchpoints at POC (1D) and other key levels. This shows a bearish bias in the short-term as price tests lower levels in a corrective structure. 6. Volume and Market Sentiment Indicators The presence of volume divergence, especially at key highs in Wave 5, suggests that buying momentum may be waning. High-Volume Nodes: These levels may serve as potential support or resistance zones where institutional interest is present, and they often act as magnets for price action. Summary This chart indicates a complex structure where XAU/USD may be transitioning from a bullish trend into a possible distribution and correction phase, as seen in the Wyckoff reaccumulation/distribution phases. Key levels around $2,594.99 (POC) and $2,733.24 (invalidation) are essential for determining the validity of the reaccumulation thesis. If the price breaks significantly below these zones, it may signal the end of the bullish trend. The setup shows a mixed outlook, with potential for both upward continuation (if reaccumulation confirms) or deeper correction if distribution pressure holds.
FX:XAUUSDLong
by spacedevil
Gold (XAUUSD) Targeting $2,790 in Upcoming RallyGold has shown strong bullish momentum recently, with technical indicators pointing toward a potential rally to the $2,790 level. This target aligns with key resistance levels and is supported by ongoing market conditions that favor safe-haven assets. Key Highlights: Price Target: $2,790 Market Sentiment: Bullish on safe-haven demand and macroeconomic factors driving gold’s value. Technical Support: Strong base established around current support levels, building a solid foundation for this potential uptrend. 📌 Trading Plan: Consider entering on dips or confirmation signals of breakout above recent highs. Tight stop-losses near support levels are recommended to manage risk effectively in this setup. 🚨 Disclaimer: This is not financial advice. Perform your own analysis before investing.
FX:XAUUSDLong
by MarxBabu
Will Gold Hold at 2630? Key Levels for Bulls and BearsI'm eyeing a sell opportunity in gold (XAUUSD) , targeting the 2660 level for an ideal short entry. The price is expected to dip towards 2630 , a significant support zone, where a potential reversal could occur. If the market finds strength there, we may see a bounce as buyers step in. Geopolitical tensions continue to support gold's safe-haven appeal, but a stronger dollar or global risk-off sentiment may keep downward pressure in the short term. Monitoring price action closely around these levels for potential setups.
FOREXCOM:XAUUSDShort
by bluechipfx
Comparing Full Time Trading and Full Time Job Hey traders, In this educational article, we will compare full-time trading and full-time job . THE MONEY And I guess, the essential thing to start with is the money aspect. Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses. In contrast, trading does not give any guarantees. You never know whether a current trading month will be profitable or not. Of course, the average annual earnings of a full-time trader are substantially higher than of an employee. However, you should realize the fact that some trading periods will be negative, some will be around breakeven and only some will be highly profitable. Sick-leave & Vacations In addition to a stable salary, a full time job usually offers a paid sick-leave and vacation , while being a full-time trader, no one will compensate you your leaves making the position of an employee much more sustainable. Office Being an employee, you usually work in an office with the fixed working hours . Taking into consideration that people often spend a quite substantial time to get to work and then to get home, a full-time job typically consumes at least 10 hours, not leaving a free-time. In contrast, full-time traders are very flexible with their schedule . Even though they often stick to a fixed working plan, they spend around 3-4 hours a day on trading. All the rest is their free time, that they can spend on whatever they want. Moreover, traders are not tied to their working place. They can work from everywhere, the only thing that they need is their computer and internet connection. No Boss Traders normally work alone. The main advantage of that is the absence of a subordination . You are your own boss and you follow your own rules. However, such a high level of freedom breeds a high level of personal responsibility . We should admit the fact that not every person can organize himself. In addition to that, working alone implies that you are not building social connections and you don't have colleagues. Being an employee, you are the part of a hierarchy . You usually have some subordinates, but you have a supervisor as well. You are constantly among people, you build relationships, and you are never alone. There is a common bias among people, that full time trading beats full time job in all the aspects. In these article, I was trying to show you that it is not the fact. Both have important advantages and disadvantages . It is very important for you to completely realize them before you decide whether you want to trade full time or have a full time job.
OANDA:XAUUSDEducation
by VasilyTrader
1
GOLD Analysis Post-Election: Bearish Continuation with Key LevelTechnical Analysis As we mentioned yesterday, GOLD was expected to be bearish due to the high likelihood of Trump’s success in the election. Now that Trump has won, GOLD has dropped by about $49 as anticipated, reaching 2712 and 2700. Currently, we remain in a bearish trend, with the price still aiming for 2712 and potentially 2695 and 2677. A retest of up to 2739 is possible. As long as the price trades below 2731, further declines toward 2712 and 2695 are expected. Bearish Scenario: The price may retest 2731 before resuming its downward trend toward 2706, 2695, and 2677. Stability below 2706 reinforces the bearish outlook. Bullish Scenario: A 4-hour candle close above 2739 would indicate a potential bullish shift, with subsequent targets at 2749 and 2758. Key Levels: Pivot Point: 2731 Resistance Levels: 2739, 2749, 2758 Support Levels: 2706, 2695, 2677 Trend Outlook: Under 2739: Downtrend previous idea
OANDA:XAUUSDShort
by SroshMayi
Bearish breakout?XAU/USD is falling towards the support level which is a pullback support which aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2,720.15 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 2,758.32 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 2,686.32 Why we like it: There is a pullback support level that is slightly above the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
Gold (XAU/USD)Technical Analysis (4H TimeFrame)Trend The Chart Show a clear uptrend in Gold with a series of higher highs and higher lows Support Levels key support zone are marked on chart where the price previously found buying interest these levels help to identify where the price may bounce back if it pull back Resistance to Support Flip A fomer resistance level has been broken and is now acting as support which further strengthens the bullish sentiment Target the chart indcates a target level of 2800 suggesting that price to move upward to ward this level Gold price Trading around 2785 with a bullish outlook towards the market target
CAPITALCOM:GOLD
by Xauusdsignalprovder
2
XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700The XAUUSD (gold) market has a strong initial demand zone at 2722-17 , where a pullback is expected before facing resistance at 2747-53 , which is forecast as a significant supply level. Our major aim is 2700 , which corresponds to a robust daily demand zone. Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia , have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones. If you find this analysis helpful, please consider boosting this idea. Thanks!
FOREXCOM:XAUUSDShort
by bluechipfx
Gold Price Is About To Hit Lao Doc? Opportunity To Take Profit!Today, gold is showing signs of a potential bearish move on the technical front, highlighted by a significant crossover between the 34 EMA and the 89 EMA on the hourly chart. This crossover point, in theory, often indicates a potential trend reversal, suggesting a shift from recent bullish momentum to a potential bearish trajectory. Technical Analysis Overview: As illustrated on the provided chart, gold is currently trading around $2,736, with key support levels identified below. Targets for a bearish move are charted at approximately: Target 1: Near $2,720, which aligns with recent support zones. Target 2: Around $2,710, which provides deeper support if price falls below the first target. Key Factors: USD Strength: The recent strengthening of the US dollar has put downward pressure on gold prices, as investors typically view the dollar and gold as having an inverse relationship. Any further strengthening of the dollar could reinforce the bearish move for gold. Interest Rate Expectations: Market participants are closely watching for any indications from the Federal Reserve regarding future interest rate hikes. Higher interest rates typically weigh on non-yielding assets like gold, making them less attractive to investors. Geopolitical Tensions: While geopolitical factors have supported gold prices in recent weeks, any easing of tensions could lead to reduced safe-haven demand for the metal. Trends and Strategy: With the recent EMA crossover signaling a potential trend reversal, traders may consider a short position with conservative targets, initially focusing on the $2,730 level. If the price breaks below this level, the next support level at $2,720 could act as a secondary target.
OANDA:XAUUSDShort
by AmbaniFX
XAU/USD shorts from 2,760 or Longs from 2,720This week, my analysis suggests that gold may continue to drop, targeting the trendline liquidity formed below. Once that liquidity is taken out, I anticipate a bullish reaction, potentially around the demand zone I have identified. If the price retraces up to the supply zone, I’ll look for potential sell opportunities to follow this short-term bearish trend. Since my overall bias is bullish, I am more inclined towards long positions due to the higher time frame outlook. However, if the price surpasses any of my nearby Points of Interest (POIs), I’ll watch for a deeper retracement around the demand at 2,680 or the supply at 2,780. Confluences for Gold Sells: - Price has shown a bearish shift on the higher time frame. - Supply zones remain on both the 1-hour and daily charts. - There is significant trendline liquidity below, providing a target for further downside movement. - The dollar has been moving bullishly, which aligns with a potential drop in gold. - Gold has been in a strong bullish trend and may be showing signs of exhaustion, hence the recent heavy decline. P.S. I’ll stay vigilant and assess where the price moves first. If price breaks structure to the downside, I’ll have a stronger inclination to sell. Have a great trading week!
OANDA:XAUUSDShort
by Hassan_fx