Get started
CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)

CFDs on Gold (US$ / OZ)

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

GOLD trade ideas

Analyzing the Factors Behind the Recent Gold Price Decline A Post-Election Dip Gold prices experienced a significant decline following the recent US election. The precious metal, often seen as a safe-haven asset, retreated as the US dollar strengthened and Treasury yields surged. This confluence of factors put pressure on gold, which tends to perform poorly in a rising interest rate environment. Why Did Gold Fall? 1. Stronger US Dollar: A stronger US dollar typically weighs on gold prices. When the dollar appreciates, it becomes more expensive for foreign buyers to purchase gold, reducing demand for the precious metal. 2. Rising Treasury Yields: Higher Treasury yields reduce the appeal of non-yielding assets like gold. As bond yields rise, investors may shift their focus from gold to fixed-income securities. 3. Reduced Safe-Haven Demand: The election results, while not entirely unexpected, may have reduced some of the safe-haven demand for gold. Investors may have perceived less geopolitical risk and economic uncertainty, leading them to seek out riskier assets. Is More Downside Ahead for Gold? While the recent decline in gold prices has been significant, it's important to consider the factors that could influence its future trajectory: 1. Economic Uncertainty: Despite the post-election rally, global economic uncertainty remains elevated. Factors such as geopolitical tensions, trade disputes, and potential economic slowdowns could continue to support gold's safe-haven appeal. 2. Inflationary Pressures: Persistent inflationary pressures could drive investors toward gold as a hedge against currency devaluation. Central banks may need to tighten monetary policy to combat inflation, which could indirectly benefit gold. 3. Central Bank Demand: Central banks around the world have been significant buyers of gold in recent years. Continued central bank demand could provide support for gold prices. Technical Analysis From a technical perspective, gold prices have broken below key support levels. A further decline could be on the cards, with potential targets at the next significant support levels. However, it's important to note that technical analysis is not foolproof, and market sentiment can change rapidly. Investor Strategies Given the current market conditions, investors may consider the following strategies: 1. Dollar-Cost Averaging (DCA): By investing a fixed amount of money in gold at regular intervals, investors can reduce the impact of market volatility. 2. Physical Gold: Owning physical gold can provide a tangible asset and hedge against inflation. 3. Gold ETFs: Gold ETFs offer a convenient way to invest in gold without the physical storage costs. 4. Diversification: Incorporating gold into a diversified investment portfolio can help reduce overall portfolio risk. In conclusion, while the recent decline in gold prices is concerning, it's essential to consider the long-term factors that could influence its future trajectory. Investors should carefully assess their risk tolerance and investment goals before making any investment decisions related to gold.
OANDA:XAUUSDShort
by bryandowningqln
Gold Sell Strategy: Targeting Profits at 2737 and 2730, with a DSure! Here's your translation with a more detailed explanation and key points highlighted: --- **"I have analyzed the trading chart today and set a target for gold sell. My first profit target is **2737**, and the second profit target is **2730**. Even if the price touches **2744**, it will eventually come down."** --- ### Key Points: 1. **Trading Analysis**: You’ve done your analysis on the gold chart for the day. 2. **Sell Target**: Your first profit target for selling gold is at **2737**, and your second target is **2730**. 3. **Price Movement Expectation**: Even if gold briefly hits **2744**, you believe the price will eventually drop and come back down. The idea here is that you're anticipating a downward movement in the price of gold, with two specific levels where you expect to take profit. You're also considering the possibility of a slight upward movement, but ultimately, you believe gold will fall. --- Does this breakdown and translation meet your needs?
OANDA:XAUUSD
by BinSalmanFundsReal
XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish. From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday. However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty. Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
OANDA:XAUUSDLong
by Mia-Signal
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results. Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
FOREXCOM:XAUUSDShort
by Wealth_Waves
XAUUSD 3M 1. Elliott Wave Structure and Key Levels Wave 5 Completion (2,747.14): The fifth wave peaks around $2,747.14, reaching a 1.618 extension, suggesting this could be a point of reversal. The formation of volume divergence at this level indicates potential weakness in bullish momentum, marking a critical level to watch for a possible trend change. Wave 1 (Current Correction Phase): The chart shows a beginning corrective move from Wave 5, indicating an A-B-C structure may follow. This corrective phase could bring prices down to fill previous gaps and approach key support levels. 2. Wyckoff Phases and Distribution Structure Phase A (Accumulation - $1,046.23 to $1,512.84): This phase includes a consolidation around the $1,046.23 low and forms the base before a significant rally. The Automatic Rally (AR) and Secondary Test (ST) suggest the end of Phase A and a potential upward shift in market sentiment. Phase B (Mark Up and Distribution at Resistance): After accumulation, prices move up in a mark-up phase, testing the Resistance Line of BC Distribution. This area includes Upthrust (UT) and Upthrust After Distribution (UTAD), which are signs of potential distribution before a downtrend. Phase C (Breakdown Expected): Phase C may involve the start of a downtrend from Wave 5, with price likely returning to lower levels for further testing. This phase includes the Sign of Weakness (SOW) and anticipates a retest of support near $1,512.84. 3. Fibonacci Levels 0.618 Retracement ($890.62): The 0.618 retracement level is marked as a strong support, below which price should not pass without invalidating the bullish wave structure. This level could act as a long-term support area during the corrective phase. 1.236 Extension ($2,369.74): The 1.236 level marks a significant potential reversal area for Wave 5. A move back to this level could signal the completion of a deeper pullback, possibly a key point of interest for traders looking for long-term entries. 4. Liquidity and Key Order Blocks Liquidity Void: The chart highlights a liquidity void in the three-month time frame (3M), representing an area where price may revisit to fill previous inefficiencies. This void may act as a magnet, attracting price downward in the corrective phase. Buy-Side Liquidity (BSL) Area: The Buy-Side Liquidity (BSL) near the recent highs represents a key area where stop losses and limit orders are likely concentrated. This region may experience volatility as larger players look to capitalize on retail stop losses. 5. Support and Resistance Lines Resistance Line - BC Distribution ($1,720.00): The $1,720.00 level acts as a key resistance line in the distribution phase. A break above or below this level in Phase B may confirm the direction of the trend and could signal a shift in momentum. Support Line - AR Distribution ($1,512.84): The $1,512.84 level serves as a critical support in the accumulation phase and may act as a bottom if the market revisits this area in the corrective structure. 6. Break of Structure (BOS) and Market Sentiment Shifts BOS Wave 3 (12M): The Break of Structure (BOS) in Wave 3 on the 12-month chart signals a major structural shift, often indicating the end of one trend and the beginning of another. This point may see increased volatility and shifts in market sentiment. BOS in Phase B (3M): The BOS within Phase B on the three-month time frame highlights potential points of interest for continuation or trend reversal. It indicates that a shift in sentiment may occur, influencing market participants to prepare for trend changes. 7. Dealing Ranges and Points of Control (POC) Dealing Range (12M-3M): This range, marked at recent swing high and low levels, provides a boundary for price movement, with the Point of Control (POC) likely aligning with high-volume areas. The dealing range helps in identifying areas where price could consolidate or reverse. Current Trend (Dealing Range for Wave 4): The range defined for Wave 4, including swing highs and lows, offers insight into the ongoing market structure. Observing price behavior within this range helps to gauge the momentum of the corrective wave. 8. Next Week’s Trading Plan Primary Strategy: The corrective phase is expected to continue, with a probable downward move to fill liquidity voids and test lower support areas. Key Target Levels: Downside Targets: Monitor support around $1,720.00 (Resistance Line) and $1,512.84 (Support Line). These levels could provide entry points if price tests and holds as support. Upside Targets: Watch for potential shorting opportunities if price retests resistance near the recent swing high at $2,747.14. Risk Management: Stop-loss orders should be placed above recent highs around $2,800.00 to manage risk if there’s an unexpected upward move. Volume and Price Action: Look for volume divergence or signs of weakness near resistance levels, especially around the 1.618 level ($2,747.14), as they could signal a trend reversal. Summary of Key Points Wave 5 likely completed at $2,747.14, with a corrective A-B-C structure now underway. Wyckoff Distribution phase suggests further downside as Phase C unfolds, targeting key support levels. Liquidity voids and POC levels act as magnets for price, which may revisit these areas during corrections. The Resistance Line at $1,720.00 and Support Line at $1,512.84 are essential for tracking entry and exit points in line with the current downtrend.
FX:XAUUSDShort
by spacedevil
GOLD_115 2024.11.01 06:55:04 Trading Signal BUYFrankPro Signal for GOLD_115 Type: Screen Signal: BUY TP: 2795.02 SL: 2743.21 Entry Price: 2752.63 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold). **Short-term Forecast (next few days to a week)** * The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback. * Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction. * Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility. * Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back. **Expected Price Movement:** Down ( potential pullback to test support levels) **Long-term Forecast (next few weeks to months)** * Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend. * A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook. * The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term. **Expected Price Movement:** Up ( continuation of the long-term upward trend) Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024: **Short-term Analysis (next 10 days)** * The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages. * The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook. * The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days. * Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment. **Expected Price Movement (Short-term): UP** **Long-term Analysis** * The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors. * The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand. * However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term. **Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks** In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down * Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33. * Potential price target: $2,715-$2,720 **Long-term (next few weeks to months):** * Expected price movement: Up * Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend. * Potential price target: $2,850-$2,900 Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly. Result: ST=Down LT=Up
TVC:GOLDLong
by orbborisson
XAUUSD View!!Gold's rally may have run its course, UOB Global Economics & Markets Research's Quek Ser Leang says in a research report. Last week, gold formed 'Doji' pattern on weekly candlestick chart, which is typically perceived as a bearish signal, the markets strategist says. Crossover in weekly slow stochastics from overbought territory suggests downside risks are building. On the daily chart, gold broke below the three-month rising trendline support two sessions ago, with bearish divergence on daily MACD. However, any pullback will probably be choppy and potentially drawn out, with initial support at 55-day exponential moving average, which is now at $2,636/oz, the strategist adds. Spot gold is down 0.4% at $2,694.69/oz.
FOREXCOM:XAUUSDShort
by FXBANkthe8055
Gold weekly summary and forecast 11/2/2024As expected in my last week's forecast, gold indeed touched upper end of the channel and dropped quickly and closed the week with a red candle. I expect a few weeks' selling session is coming, if the channel is broken next week. From 2d TF, bearish trend is not confirmed yet. I expect a head-shoulder pattern to form next week. So Monday we may see a quick drop to 2720 and reverse from there. We could see a drop from 2760 on Wed onwards and close the week with strong red candle. Next week's low will be at least 2678. Let's see what the market will give us. Happy weekend and happy trading to all.
OANDA:XAUUSDShort
by SteadyFund
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability. In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead. Will gold continue its strong performance, or could a new catalyst shift the trend? 📌 Stay tuned as we navigate the next big moves in the Gold market! #goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Editors' picks
PEPPERSTONE:XAUUSD
by darcsherry
4
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Gold is trading under bullish pressure despite a recent pullback of 2.09%. This suggests that while there’s short-term weakness, the overall trend is still upward. The analysis identifies a demand zone between $2,735 and $2,728, with a possibility for a dip to $2,710, which could serve as another support level. Should prices stabilize here, a bullish continuation is likely. If gold fails to hold above $2,728 on a 4-hour closing basis, a further decline toward the next demand zone between $2,688 and $2,672 may be anticipated. An initial upward target lies in the fair value gap (FVG) between $2,756 and $3,772. Above this, the analysis notes supply zones between $2,782 and $2,790, with an all-time high (ATH) of $2,810 as the next major resistance. The strategy is a combination of support-resistance testing and close monitoring of 4-hour candles. Stabilizing above the lower zones suggests a bullish rebound, while a failure could lead to extended declines.
OANDA:XAUUSDLong
by ArinaKarayi
Today's XAAUSD Targets: Maximizing Profit PotentialXAAUSD Trading Analysis Today's Targets: Target 1: 2755 Watch for price action around this level; it could indicate a potential reversal or continuation. Target 2: 2765 This level may provide further opportunities for profit if the market momentum remains strong. Target 3: 2773 Aiming for this target could yield significant returns, but ensure to assess market conditions closely. Stop Loss: 2735 Setting a stop loss at this level helps manage risk. If the price falls below this point, it may indicate a shift in market sentiment.
OANDA:XAUUSD
by BinSalmanFundsReal