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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Closing my orders with Profit / prolonged weakness on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged Medium-term two re-Sell orders on #2,745.80 (as in previous Buying orders, #2.0 and #3.0 Volumes on each order) with #2,600.80 as an optimal Target. Also, I will start Shorting Gold as Technically as evident on previous cycles, #2,790.80 should represent Ultimate Top zone for now and #2,552.80 - #2,600.80 poses as an excellent Medium-term Target on Gold." I have closed both of my Selling orders (#2.0 and #3.0 Volumes) with excellent Profit a bit earlier than expected on #2,752.80 benchmark as I was Highly satisfied and Profit was too good to be ignored (or allowed additional Risk). I had two Short-term Selling orders (#2,725.80 - #2,766.80 closing point) and when #2,700.80 benchmark gave away, I have added one more Sell on #2,698.80 - also #2,766.80 closing point for second order. My position: Overall I am very satisfied with yesterday's session and the fact that Gold didn't recovered already what was erased / lost of previous Bullish Daily chart's candles confirms my thesis that #2,790.90 might pose as an Ultimate Top's and that we are Trading new Bearish Short to Medium-term cycle. I will for now monitor the Price-action from sidelines as I haven't got intention to Risk more (await how market will digest post-Election day) after spectacular yesterday's session. I will have more with tomorrow's session candle.
TVC:GOLDShort
by goldenBear88
XAUUSD - Stable transactions around 2750 USDOn the 1-hour chart, gold is currently trading around 2,745 USD/ounce, testing a key resistance zone (highlighted in yellow). This level has been challenging to break, indicating that selling pressure remains strong in this area. Key Points to Note Resistance and Support: The current resistance at 2,748 USD is proving difficult to surpass. If gold fails to break above this level, a correction down to the support zone between 2,732 - 2,728 USD is likely. Short- and Long-term EMAs: The EMAs indicate that the bearish trend remains in place, with selling pressure still dominant in the market. If gold fails to break through the 2,748 USD level, we could see a drop towards the support area at 2,732 USD. However, if it manages to break past this resistance, the next target on the upside would be around 2,756 USD.
OANDA:XAUUSD
by Chipucu
99% rate cut odds in election week? With both the election and an upcoming Fed meeting in focus, markets could face a surge in volatility this week. According to the CME Group’s FedWatch Tool, traders are placing a 99% probability on a quarter-point rate cut at the conclusion of the Fed’s policy meeting on Thursday, following a half-point cut in September. After the rate decision, Fed Chair Jerome Powell is expected to speak. But, even if Thursday brings a clear election outcome, Fed officials are likely to sidestep any questions about potential policies from the next administration until the winner assumes office. Only then will they assess how campaign pledges translate into actual policy, watching closely to see how businesses, consumers, and financial markets react before making any further moves on monetary policy.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD Analysis | Upcoming Election...GOLD recently bounced off the key resistance zone whilst creating all time highs for the last 2 weeks before slowing down before the next quarter phase of $2,800 where we saw a pivot correction into what could be a inner descending channel of the overall long term bull trend. As price approaches a key support level which is met by several confirmations such as the EMA, Dynamic Trend, Lower BB + Latter half of this quarter phase we could see a short term pullback to test that newly created resistance and create a lower high inside the inner channel before descending to fulfil price at these confirmation levels of $2,700 and a suitable long entry point for the long term trend following the correct validations. In previous times following elections the precious metal has had corrections from its price which would increase the probability of this idea but it is still important to be patient and make sure to wait for suitable confirmations to unfold before looking at entries due to the volatility that will occur primarily watching price action to gain better insight into the market movements. If you like this analysis feel free to drop a like and comment your ideas about the upcoming direction of gold below :)
OANDA:XAUUSDShort
by OfficialKieranTrewick
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report. ⭐️Personal comments NOVA: Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2742 - $2739 SL $2735 TP1: $2750 TP2: $2760 TP3: $2771 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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:XAUUSDLong
by Nova-Scalper
8
Gold will fall again after a small upward movementInstrument: Time Frame: H4 Chart Observations: 1. A Strong choch was identified after several BOSes 2. That Choch changed the direction of trend from up side to down. 3. Fair Value Gape was also Observed at the place where ChOch formed 4. Gold is going up to fill the fair value gape and it will get instant reversal from P.O.I Trading Strategy: In this trade Our Risk Reward Ratio will be (1:5) Right Now We put Buy Entries Upto 2735 Strong Selling Zone will be 2735_2740 little above the P.O.I will be our S.L= 2755 the Previous L.L will be our Take Profit= 2642
TVC:GOLDShort
by Fxjames0009
11.7 Analysis of Gold Short-term OperationYesterday, the gold market fluctuated greatly due to the influence of the US election. After opening at 2742.6 in the morning, the market first pulled up, and the daily line reached the highest pressure near 2750. After that, the market was affected by the US election result that Trump was re-elected and began to fall. After breaking the previous day's low of 2724, the market accelerated its decline. The daily line gave a minimum of 2650.7 and then the market consolidated. The daily line finally closed at 2658.8 and the market closed with a super large Yin line with equal upper and lower shadows. After this pattern ended, the daily head and shoulders top pattern was formed. In addition, the fundamentals expected that the market would fall back after stepping back. In terms of points, the long stops of 1996 and 2028 below were followed at 2600. The US market first rose to 2660 and gave a long stop loss of 2650. The upper target is 2675 and the breakthrough is 80-----90
FXOPEN:XAUUSDLong
by David_strategy
1
XAUUSD Trading Idea 07/11/2024Overall Trend: The chart shows an extended uptrend from the left side, followed by a significant downtrend. There are potential signs of trend exhaustion near the recent lows, but no clear reversal yet. Sentiment: 0 (Neutral) Patterns: Head and Shoulders Top (bearish reversal pattern), Descending Channel (bearish continuation pattern) Strategy: A bearish strategy seems appropriate given the recent downtrend and bearish patterns. Potential short entries could be considered on a break below the recent swing lows or on any failed rally attempts into resistance levels. Alternatively, a bullish countertrend strategy might be viable if the market shows clear signs of a trend reversal and breaks above the descending channel resistance. Sentiment Analysis: The recent sharp sell-off and bearish chart patterns suggest a shift in sentiment towards a more bearish stance, although the market remains indecisive near the current levels. Market Structure: The Head and Shoulders Top pattern identified a major swing high, followed by a series of lower swing highs and lows, indicating a strong bearish impulsive move. The recent sell-off encountered support near the 2663 level, forming a potential swing low. A break below this level could expose further downside targets. Order Flow: The sharp sell-off suggests significant selling pressure overwhelming buyers. However, the recent price action around 2663 shows some buying interest emerging, potentially indicating a struggle for control between buyers and sellers. Potential Entries: Short: 2640, 2620 (break of support) Long: 2695, 2720 (break of resistance) Stop Loss: Short - Above 2720, Long - Below 2640 Take Profit: Short - 2600, 2580, Long - 2740, 2780 Signal Strength: 65 (Moderately Strong) Next Analysis: Monitoring order flow and volume at key support/resistance levels to gauge potential trend continuation or reversal. Additionally, analyzing higher timeframe charts for broader market context and alignment.
PEPPERSTONE:XAUUSD
by Sai2k
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:XAUUSD
by bluechipfx
Gold’s Next Big Move: Election Night’s Hidden Chart Signals!Chart Analysis Summary In both charts, we see a prominent ascending channel on a higher time frame (HTF), suggesting an overall bullish structure initially. However, there are signs of potential reversals, especially around critical levels where price fails to break higher and instead forms correctional structures. The ascending channel shown aligns with The Rule of Three, as it often precedes reversals after the third touch due to exhaustion in the trend​​. Reversal Signal: Double Top with Bearish Flag The first chart illustrates a double top pattern within the broader ascending channel, a common reversal signal. This pattern suggests a weakening bullish momentum, aligning with a probable corrective phase. Following the double top, we observe a bearish flag or descending channel, indicating that the price may continue downward after a break. This aligns with Patterns within Patterns, where a smaller bearish flag within a larger corrective structure increases the probability of a downside move​. Bull Flag Structure and Liquidity Zone Testing The second chart labels a large bull flag on the higher time frame (4H) near a liquidity zone. The corrective phase within this flag aligns with the market psychology of retracement after an impulsive move. Multi-Touch Confirmation indicates that these structures gain credibility with multiple touches on key support/resistance lines, making the upcoming third touch a critical point for deciding the direction​. Potential Entry and Exit Scenarios Based on Entry Types from your strategy: High-Probability Entry: Enter on a break of the corrective structure (such as the bear flag or descending channel) following multiple touches. Place a stop loss above the recent high if you’re anticipating a downside continuation, using a reduced-risk entry if you see low-momentum candles and ascending channels close to the top​. Wait for Confirmation: Given the corrective nature, it might be safer to wait for a confirmed breakout rather than entering at the top without solid confirmation. Back-tested data often shows better results when entries are taken after the third touch or initial pullback post-breakout​​. Confluence of Multi-Touch and Patterns The multi-touch confirmation method supports the idea of a third touch before a potential breakout or breakdown. Additionally, patterns within patterns enhance reliability, as seen with ascending or descending channels within larger structures, suggesting the market’s next probable moves more accurately. Strategy Application: Assess the Momentum: Enter on the first pullback (flag formation) after a significant breakout if momentum is strong. For a conservative approach, watch for a third touch on the boundary of the corrective channel. Risk Management: As part of your trading plan, place stops conservatively to avoid getting caught in corrective waves, as tight stops near liquidity zones may result in unnecessary stop-outs. Psychological Preparation: Avoid the perfectionist trap; if the confluence signals are strong but not perfect, following the 80/20 rule may be more beneficial than waiting for ideal entries, as markets rarely align perfectly with expectations​​.
OANDA:XAUUSD
by Adlercon333
Gold Consolidates Ahead of U.S. Election🟡 Gold Price Update: Currently at $2737.00 Gold has been moving sideways recently, showing a period of consolidation as market participants await further catalysts. This sideways movement reflects uncertainty and cautious positioning, likely influenced by the upcoming U.S. election. Historically, major events like elections can introduce volatility as investors seek safe-haven assets in times of uncertainty, and gold often responds with significant moves. 📊 Technical Outlook Support Zone: $2725.00 - $2730.00 Resistance Zone: $2745.00 - $2755.00 Range: The current range-bound movement between $2725 and $2755 indicates that buyers and sellers are in balance for now, awaiting clearer market direction. Key Indicators: Relative Strength Index (RSI): Currently near the 50 level, showing neutral momentum. A breakout above 60 could signal buying strength, while a drop below 40 may suggest a bearish momentum. Moving Averages: The 20-period SMA is close to the price action, underlining the ongoing consolidation. Watch for price action to decisively break above or below the SMA, potentially signaling a new trend. Volume: Volume has been decreasing, suggesting a lack of strong conviction from either buyers or sellers. Look for a volume increase on any breakout to confirm the direction. 🔮 Possible Scenarios with U.S. Election Implications With the election on the horizon, any surprising result or political uncertainty could cause a significant uptick in gold demand as investors seek safety. However, a clear result may bring stability, potentially putting downward pressure on gold. Trade Setup Idea: Bullish: Consider buying on a confirmed breakout above $2755, targeting $2780 or higher. Bearish: A break below $2725 could open doors for a drop to $2700. As always, keep your risk management tight and watch for news developments. The market will react sharply as new information comes in!
OANDA:XAUUSD
by forexorbit
World gold prices fall when the USD index is anchored highInvestors are expressing caution ahead of the US Presidential election and the upcoming decision of the US Federal Reserve (FED) on interest rates. Today (November 5), the US presidential election will take place. Public opinion polls show that Democratic candidate Kamala Harris and Republican candidate Donald Trump are closely tied in the race for the White House. UBS analyst Giovanni Staunovo shared: "The driving force for gold this week will be the US presidential election. If Donald Trump wins, the gold price will move faster closer to the target of 2,900 USD/ ounces, gold will likely fall if Ms. Kamala Harris wins. Meanwhile, the Fed's interest rate decision is unlikely to create much change, because the bank will likely signal further cuts in line with market expectations." 🔥 XAUUSD BUY LIMIT 2727 - 2725🔥 ✅TP1: 2755 ✅TP2: 2765 ✅TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✅TP1: 2745 ✅TP2: 2735 ✅TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
XAUUSD Hits the “Shield” of Resistance: Correction or Rebound?Currently, XAUUSD is facing a strong resistance zone at 2,748 USD/oz, with the 34 EMA acting as a “shield” that deflects buyers' recovery efforts. If the price fails to break through this resistance, it may correct down to the support zone at 2,720 USD/oz, with a potential further dip to 2,705. This area could offer buyers a chance to "get back in the game." The latest news adds fuel to the fire: Expectations that the Fed will maintain high interest rates are strengthening the USD, putting pressure on gold prices. However, pre-election uncertainty in the U.S. is boosting demand for safe-haven assets, which could trigger an unexpected rebound if tensions escalate. Suggested Strategy: Stay calm and observe price reactions as they approach support or resistance levels. This is a moment to exercise patience, waiting for clear opportunities, ready to seize the “wave of opportunity” when the market gives a clearer signal.
OANDA:XAUUSDShort
by Zola_Hello
1
GOLD 05/11 OTE Order Block (OB) Zone: The chart indicates a strong resistance level in the red-shaded area labeled "-OB" around 2,750. This zone signifies a potential reversal or strong selling point if the price reaches there, aligning with an Overbought Trigger Event (OTE). OTE Zone: This Optimal Trade Entry (OTE) zone is marked in blue below the OB zone. It’s a significant level, usually associated with retracement and an ideal entry for short positions if price action confirms resistance. Support Levels: The green lines around 2,727 and lower levels indicate multiple support areas. They suggest potential bounce points if the price declines, aligning with the Fibonacci
OANDA:XAUUSDShort
by Engineer2008