Gold 30 min IdeaGold is in overbought and time now to sell. NFP and election upcoming Shortby Manc07Updated 5
XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024 Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal. The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable tradingLongby Moon-ForexAcademyUpdated 336
Gold can rise almost to resistance line and then continue fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price entered to buyer zone and some time traded inside, and even tried to break the 2505 level. But later, the price finally broke this level and rose a little, after which made a small correction and continued to move up inside the upward channel. Some time later Gold rose to the resistance line of the channel, which coincided with the current support level with the support area, and then started to decline. In a short time, the price fell to the support line of the channel and then turned around and continued to move up. Soon, the price reached the 2680 level again, and now broke it, after which rose to the resistance line of the channel, and some time traded near. Recently, the price bounced down and now it trades a little below. So, I think that the price can make a small movement up and then continue to decline to the 2680 support level, where is locate my TP. Please share this idea with your friends and click Boost 🚀Shortby LegionQ8Updated 101097
Gold on interesting Technical fractalTechnical and Fundamental analysis: My mid-week Target been met earlier than I expected as the DX, (Stocks remained High) and Bond Yields dipped. The Volatility is still High however but Gold is giving me decent accuracy patterns but with mixed Technical signals and may look to set a new Support zone first (my estimate #2,772.80) before hitting #2,800.80 benchmark. The Long-term trend remains Bullish with Daily turned green on all of its MA periods, still on the middle stages of the new Bull run as it is just below the 0.618 Fibonacci level (hence the current pull-back). My Long-term Target remains #2,852.80 and #2,900.80 benchmark in continuation. I will treat every Bearish spike as an Buying opportunity. Notice how, as explained on previous posts, the DX broke its Daily chart's Support which was much needed for Gold in order to break first Lower then Higher. The decline on Bond Yields also helped. I believe that Gold's set to push Higher, potentially testing Higher High's Upper zone as interest Rates head Lower, central banks extend purchases, and uncertainty surrounding geopolitics and Bond Yields pullback. As these interest Rates came down, Gold has rallied in #2019, rising to the Highest level in six years, as Investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and China and festering trade frictions (similar to current upswing). The upswing has been given added momentum as central banks, including authorities in Russia and China step up purchases. A revival in Stocks lead to spillover demand from Investors for the older haven, Gold. Interest rates are going so low, particularly now in Europe. My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal.Longby goldenBear884
Soon Gold Fall again in the zone of 2710_2720We've identified a triangular pattern in gold's price movement, with consistent respect for established support and resistance levels. As previously forecasted when gold was at $2715, our analysis indicated a potential all-time high (ATH) around $2780, which is now within reach. Investors are advised to consider opening sell positions within the $2775-2780 range, with a recommended stop-loss at $2790 and take-profit at $2720Shortby LeonardoTrader9t91113
Xau / Usd ShortLong Trend Is still Bullish .but in short term on technical basis Short is comming because 3/4 Touch on the top trend and also resistance from 2770-2780. I think from this point seller will be active . Shortby ammad19442
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter. The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market. Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much. Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.Shortby TheLeader_WOLF2
XAUUSD | 28.10.2024SELL 2745.00 | STOP 2770.00 | TAKE 2714.00 | Volume sales from historical highs.Shortby ProPhiTradeUpdated 1
Gold continues to heat up!Hello all dear traders! The world gold price continues to heat up in the context of the US presidential election season reaching its peak on November 5. Meanwhile, US economic data shows a very strong increase in the number of new jobs compared to the forecast. The country's gross domestic product increased at an annual rate of 2.8%. The US Federal Reserve (FED) policymakers are expected to cut interest rates by 0.25% next week, which could continue to benefit the safe-haven precious metal. As can be seen on the 1-hour chart, the technical uptrend along with support from the nearby EMAs 34 and 89, shows that the bullish outlook remains intact without any risks. Furthermore, the recent consolidation around the 2790 - 2777 range and the unbroken price wedge suggest that gold prices are likely to accelerate to around $2800 and beyond. Wishing you all the best of luck in your trading!Longby Bentradegold2
The Danger of Complacency in Gold’s Bullish TrendThe current sentiment around Gold is highly bullish, with traders showing a strong bias towards continued upward momentum. This optimism, however, may be breeding a sense of complacency that often precedes a major market shift. Technically, indeed, the recent break above local resistance around the $2,742-$2,745 zone gives bulls a target near $2,780, reflecting the recent momentum. Yet from a swing trading perspective, entering long at this level may carry more risk than reward. The market's potential for a significant downside reversal could present far more valuable entry points. Waiting for clear signs of a trend change, rather than chasing highs, aligns better with my risk-conscious approach, positioning to capture more meaningful moves on the downside.by Mihai_IacobUpdated 8865
Gold Buy ideaAs if we see current prices of gold so gold market opened with a gap to downside so now there is a big possibility that gold will cover it’s gap area and will go up. By seeing this we are currently seeing a buy opportunity on gold that can be buy the at 2730 to 2733 area and 1st tp will be 2740 and 2nd tp will be 2747 and so on so you guys can enter for this trade setup.Longby Ahmad_Fxbeast221
GOLD (XAUUSD) MULTI TRADE SETUPPAIR : GOLD ✔ Classic BULLISH formation GOLD is holding continuous UP Trend. Gold created the buy setup .We observe that if the higher high point is rejected then the market can come to 2726 and if retraces first then the open market will see 2735 -2730 to go fly 2771 and 2790 levels in ZONE. This week i think gold market create new higher.. .... So I can take BUY entry when the market bull run. . If your analysis matches it take a trade otherwise skip the trade. "💖 Show your love by liking & leaving a comment! Your support means the world to us! 💖"Shortby Forex_bank_Liquidity115
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 2
GOLD A NEW ATH AFTER THIS RETRACE 2850$ HELLO TRADERS Technically on daily charts it show a retracement after a higher over bought conditions next rate cuts coming soon US Elections a week ahead world geopolitical wars remember wars not a single war only wars escalating day by day Putin in Ukraine and North Korea officially Involvement of troops allies with Russia & Bricks new currency with US 35 $ Trillion Debt all these things are behind the charts too noting hidden DE-DOLLARIZEING so it's a great opportunity to join the rally and bull Rally to commodities more new ATH Coming banks and Institutions are accumulating shiny metal. investors always prefer safe have Technically + fundamentally with a low risk and looking for bigger rewards it's a great trade idea in my view what's Ur friends we love your support don't forget to boost if you really love our given analysis its always be appreciate Ur comments and share which gave us more energy to bring u incoming great markets updates technically and fundamentally Make a proper search before any trade Stay Tuned Longby APEX_TRADING_ACADMEYUpdated 6
ADP data is coming soon! Gold shortThe market performance on Wednesday (October 30) continued the recent strong upward momentum. The price of gold hit $2,789.83/ounce in early trading, setting a new record high and rising sharply by more than $15. With the ongoing conflicts in the Middle East and the intensification of geopolitical risks, gold has once again become a safe haven choice for investors. Technical analysis After breaking through the resistance area of 2,780-2,785 US dollars/ounce, the price of gold became an offensive signal for bulls. The price of gold may further push towards the $2,800/ounce mark. At present, any meaningful correction is expected to find good support around $2,750/ounce. If there is a subsequent sell-off in the price of gold, it may push the price of gold to the support level of $2,732-2,730/ounce, or even further down to the $2,715/ounce area. Today's focus data: US unemployment rate in October US non-farm payrolls in October (10,000 people) Today's expected trend of gold prices can focus on the fluctuations between the support level of $2,765.00/ounce and the resistance level of $2,800.00/ounce. Under the current market sentiment and technical conditions, gold is still a worthy investment option.Shortby David_strategy5
Gold uptrend channelThis is the ascending channel of gold. According to this channel, we can make a decision. Sell positions are not reasonable at all right now. But if we see a red candle from the top of the channel, we can open a sell position to the bottom of the channel with a reliable stop loss.by AbedEkhlaspoorUpdated 4
Gold Spot / U.S. DollarHello community, Look at the price of gold since 1833! Weekly scale in log, I use linear regression, powerful mathematical tool! The graph speaks for itself. Make your opinion, before placing an order. ► Thank you for boosting, commenting, subscribing!Longby DL_INVEST1
GOLD (XAUUSD): Important Decision Ahead The price of GOLD is currently testing a daily resistance cluster base on the all-time high. With the long-term trend being bullish, there is a high likelihood that the market will update this resistance and reach a new high. Confirmation of this breakout will come with a 4H candle closing above the highlighted structure. If this occurs, the bullish rally could continue to at least 2780. For those looking to short the market, it is advised to closely monitor the 30-minute time frame. The market is currently trading within a narrow range, showing respect to the resistance and minor support levels at 2749 and 2748. A signal to short would be a bearish breakout below the support level of the range, with confirmation coming from a 30-minute candle closing below it. The next target for shorts would be 2742.by linofx1115
Xauusd-1hAfter the flag pattern has broken upwards and has risen to the level of the flag itself, now it has returned to the support range of the flag. In this case, we will expect a return to the top and a price drop tp:2748Shortby ahmadreza_re26
What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ? ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!Shortby CobraVanguard63
Gold swing trade for the week 27 October Gold swing trade for the coming week Expecting Gold to retrace to previous support at 2736 and continue to 2760. Method Parallel channels from previous areas and Fibonacci retracements . We have had previous high levels of support at 2735.7 expecting this to hold again. Entry criteria Wait for levels break and retest is the safest entry Expecting 240 to 280 pips As always trade safe don't overleverage Longby F0rexBorexUpdated 2
xauusd hit the target again hi guys please look my strategy see if you guys like fro 10 shooting we hit 8 to 9 .10:56by pescausa8333
GOLD Will Grow! Buy! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,782.14. The above observations make me that the market will inevitably achieve 2,800.00 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112