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

Downtrend continues - GOLD slows down⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) faces heavy selling pressure heading into Wednesday’s European session, dropping to near $2,700, marking a nearly three-week low. With Republican nominee Donald Trump leading the US presidential race and likely to become the 47th president, the US Dollar is seeing a strong rally, spurring sell-offs in gold. Concerns over deficit spending and expectations for a less aggressive rate cut from the Federal Reserve are also driving US Treasury yields higher, diverting interest from the non-yielding gold. Additionally, a risk-on mood—shown by a strong rally in US equity futures—suggests a downward trend may continue for XAU/USD. ⭐️Personal comments NOVA: The election results pushed gold prices back to the support price range of 2700, a recovery in correction mode. Still maintaining the upcoming gold support zone: 2700 - 2680 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2748 - $2750 SL $2755 TP1: $2740 TP2: $2725 TP3: $2715 note scalping support: 2713 🔥BUY GOLD zone: $2700 - $2702 SL $2695 TP1: $2708 TP2: $2715 TP3: $2730 ⭐️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
5
Gold correction, continue to rise! Target 2,800!The dollar extended its recent four-week rally to its highest level since July 30 as expectations grew for a more cautious approach by the Federal Reserve to cut interest rates. According to the CME Group's FedWatch Tool, the market has almost fully priced in a quarter-point rate cut at the Fed's November policy meeting. At the same time, the latest polls show a tight race between Vice President Kamala Harris and Republican candidate Donald Trump amid growing concerns about deficit spending after the Nov. 5 presidential election. The price of gold at Monday's opening was between 2717 and 2745 Sell: 2755-2757 SL 2762 TP1: 2745 TP2: 2740 TP3: 2730 Buy: 2717-2715 SL 2710 TP1: 2725 TP2: 2733 TP3: 2740
OANDA:XAUUSDLong
by xrrsxrrs
3
Hellena | GOLD (4H): Short to support area 2603 (after wave 5).Dear colleagues, I believe that wave “5” is not completed yet, but it can end at any moment, so I consider 2 variants of events, but in both the target is the support area 2603. 1) The riskier one is to open a short position on the market. 2) Conservative - wait for the price to rise, and enter with less risk. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
OANDA:XAUUSDShort
by Hellena_Trade
51
Gold price today: Continuing momentum!Ben hello everyone. Today, gold price is tending to decrease, after not passing the resistance vertices of 2790-2750, the price has begun to decrease and currently trading at $ 2728. This decline takes place before important events such as the US presidential election and the interest rate of the US Federal Reserve (Fed). As seen on the 2 -hour chart, it can be seen that gold price is still reacting around EMA 34 and the discount has not been broken, showing that the downtrend has not ended. Due to these factors, according to Ben's personal opinion, it is expected that gold price will continue to decrease in the near future, which is likely to reach about $ 2708 lower than $ 2709.
OANDA:XAUUSDShort
by Bentradegold
2
Gold Analysis==>>Falling(Signs)Today's data release included the Core PCE Price Index , Employment Cost Index (ECI) , and Unemployment Claims . Core PCE, the Fed's key measure of inflation, saw slower-than-expected growth, suggesting some cooling in consumer prices. This could lead to a potential moderation in the Fed's rate policy if inflationary pressures continue to ease. The ECI also grew slower than forecasts, indicating wage growth remains somewhat controlled, which also alleviates inflationary concerns. Meanwhile, the higher-than-expected unemployment claims hint at challenges in the labor market. According to the recent economic data and the possible reduction of inflationary pressures, the desire to reduce the interest rate has increased, and this has caused the price of gold to decrease . Gold ( OANDA:XAUUSD )is attractive as a safe-haven asset in times of high inflation, and deflation has reduced its demand. Regarding Technical Analysis , Gold started to fall, as I expected in the previous post. According to the Elliott wave theory , Gold has completed main wave 5 , and we should wait for Corrective Waves . One sign of a further decrease in Gold can be the formation of a Bump and Run Reversal Top Pattern , which is currently in the Run phase . I expect Gold to continue its downward trend due to the high momentum of the decline experienced in the previous hours. Drop targets can be the Support zone($2,720-$2,708) in the first step and then the Lower line of the Ascending Channel . 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
Outlook for Monday Nov. 4th - Tuesday Nov. 5th For the upcoming Monday, the outlook for gold trading suggests a potential continuation of the short term bearish trend, (post a potential push up prior) observed in Fridays sessions. Key factors to watch include any overnight developments in geopolitical tensions and economic data releases scheduled for the week, and the US election. Technical analysis indicates that support levels around 2733 is critical; if this hold, we might see a rally towards resistance at 2749 , and upwards. However, if prices break below this support, and retest, we could see increased selling pressure! Traders should remain vigilant for market volatility, and consider setting stop-loss and execute sniper entries to manage risk effectively. Overall, a balanced approach combining technical insights with current market events will be essential for navigating Monday's trading session.
OANDA:XAUUSD
by JayGrandi
2
GOLD is waiting for more information from the electionOANDA:XAUUSD Still waiting for more information from the US Presidential election for a medium-term trend, investors need to prepare for political tensions after polls showed Donald Trump and Kamala Harris are both tied. each other on scores. The presidential election still has a very high possibility of a controversial result, and remember that in the 2020s when Trump lost the race for the White House, there were many riots in the US. protests led to mild political tensions. With the tight race between former President Trump and Vice President Harris for control of the U.S. Congress at stake, in the event the result is unclear or controversial, this could aggravate further political instability. Trump has repeatedly said that any defeat can only come from widespread fraud, echoing his claims in 2020. If the margins in key states are as close as expected, there is It may take several days to know the final winner. Additionally, the Federal Reserve is expected to cut interest rates by 25bps on Thursday, following a sharp cut in September, while adding to US interest rate cuts this year. Gold is considered a hedge against economic and political instability and tends to perform strongly when interest rates are low. This has helped gold gain nearly 33% this year so far. Analyze technical prospects OANDA:XAUUSD On the daily chart, gold's technical structure has not changed much. For more than 3 trading sessions, it has mainly moved sideways, because there has been no sudden impact from the fundamental factors. Support at $2,725 helped gold recover yesterday but the RSI is still pointing down without reaching the nearest support level at 50. This shows that gold can still A little more bearish, and once the $2,725 support level is broken below it will be open to a little more downside with a target then around $2,709 – $2,700. However, on the daily chart overall, gold still has conditions to increase with the main long-term price channel supporting the uptrend and the same with the medium-term price channel. The most notable support is the EMA21 level which is also keeping gold above it. During the day, gold's main technical outlook is bullish with notable technical points listed as follows. Support: 2,725 – 2,709 – 2,700USD Resistance: 2,745 – 2,768 – 2,786USD SELL XAUUSD PRICE 2777 - 2775⚡️ ↠↠ Stoploss 2781 →Take Profit 1 2770 ↨ →Take Profit 2 2765 BUY XAUUSD PRICE 2703 - 2705⚡️ ↠↠ Stoploss 2699 →Take Profit 1 2710 ↨ →Take Profit 2 2715
OANDA:XAUUSD
by Xayah_trading
3
Gold technical analysis and trading advice!!Gold technical analysis and trading advice!! Key Levels: Pivot Point: 2677 - 2668 Resistance Levels: 2695, 2706, 2720 Support Levels: 2645, 2629, 2606 Gold recently dropped below a key pivot level, signaling a potential bearish continuation. Notably, as we mentioned yesterday already dropped about 85$ Bearish Scenario: If Gold remains below the pivot at 2677, further declines are expected toward the support levels of 2644 and potentially down to 2629. Stability below 2629 would reinforce bearish momentum, targeting 2587 as the next level. Bullish Scenario: A move above 2677 may trigger a bullish rebound, with an initial target at 2695. Sustained trading above 2706 would suggest further upside potential, aiming toward 2749.
OANDA:XAUUSDShort
by traderidqpmuna
2
Gold price analysis November 7Fundamental Analysis Gold (XAU/USD) extended losses for a second straight session on Thursday. The dollar-denominated precious metal faced downward pressure from a stronger US dollar (USD) following former President Donald Trump’s victory in the US election. Gold prices are under pressure as safe-haven flows ease amid market optimism and the “Trump trade”. The move was driven by the apparent victory of the president, while the market had previously anticipated a controversial outcome. The US Federal Reserve’s (Fed) policy decision will be in focus on Thursday. Markets expect a modest 25 basis point rate cut this week. This could be supportive for Gold as lower interest rates reduce the opportunity cost of holding non-yielding assets. The CME FedWatch tool shows a 98.1% chance that the Fed will cut interest rates by 0.25 percentage points in November. Technical Analysis After yesterday's sharp decline, Gold is being adjusted slightly higher at the beginning of today's Asian trading session. Pay attention to the 2677 port area for SELL strategies in the Asian and European sessions. The 2625 and 2603 support areas become key support levels and also become TP zones for SELL signals. The psychological port breakout zone of 2700 becomes an important resistance zone at the moment when Gold prices have some retests.
OANDA:XAUUSD
by TVS-Trader
2
Gold's Next Target 2800Instrument: Time Frame: 3H Observations: 1. GOLD is moving in a traingle chart pattern that momentum started from 18 October. 2. Support and Resistance Zone also observed that has changed the direction of trend many times. 3. Price reversed to Bearish in last days upon hitting the resistance zone 2785_2790. As the market will open it will change it's direction again after Touching Support Zone at 2725_2730 4. Current price action shows respect for the Resistance zone that is lying at 2800 means soon we will see bullish trend. Trading Strategy: Gold Buy at 2725_2735 Take Profit1= 2750 Take Profit2= 2780 Take Profit3= 2800 Stop Loss= 2715
TVC:GOLDLong
by Fxjames0009
1
XAU / USD ! 11/4! Downtrend - correction continuesXAU / USD trend forecast November 4, 2024 Gold price (XAU/USD) sees modest gains around $2,740 during early Asian trading on Monday, breaking a two-day losing streak. Safe-haven demand for gold may rise due to uncertainties surrounding the US presidential election and Middle East tensions. The upcoming US presidential election on Tuesday is a key focus this week. Analysts at JPMorgan suggest that any decline in gold prices, regardless of the election results, could be a buying opportunity. Gold price continues downtrend H1 - waiting for the US presidential election move and the decision to lower interest rates or not in November 2024 /// SELL XAU : zone 2747-2750 SL: 2755 TP: 50 - 120 - 200 pips (2730) /// BUY XAU : zone 2717-2714 SL: 2709 TP: 50 - 120 - 200 pips (2734) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
3
GOLD-Trade Plan-04/11/2024Dear Traders, Gold prices continue to exhibit a downward trend on both the 1-hour and 4-hour charts. Considering the significant selling pressure experienced last week, it is highly probable that the price will dip to test the 2700 level. If this level acts as a support, we can anticipate a minimum price rebound of 600-700 pips. However, if the 2700 level is breached, the subsequent targets would be 2660 and 2600. Given the ongoing geopolitical tensions in the Middle East, I anticipate a period of price consolidation rather than a sustained price decline. Dont Forget like&Comment please ! Regards, Alireza!
FOREXCOM:XAUUSDLong
by alirezak
2
Gold Price Today: Short-Term Sell Opportunity ?Hello everyone, let’s dive into today’s gold price analysis! I’ll be focusing on the 1-hour chart to analyze and strategize. Currently, gold is trading around the $2,733 mark, showing a gradual downward trend. The downtrend is further confirmed as the price moves within a descending wedge, with lower highs and lower lows forming consistently. Additionally, the 34 and 89 EMAs provide strong signals favoring sellers. In my view, a short-term sell strategy seems promising. What do you think? Share your thoughts in the comments below!
OANDA:XAUUSDShort
by Chipucu
6
Gold Bulls Alert: Key Support Holds, XAU/USD Prepares for UpsideOverview: The chart highlights recent price action in XAU/USD, with a potential bullish scenario following a consolidation phase. The key points of interest include a strong support zone and potential levels for price reversal and continuation. Key Levels: Support Zone: The shaded region around 2,736 indicates a significant support level, where price has bounced multiple times. This suggests a strong buying interest at this level, which could serve as a base for an upward move. Resistance Zone: The horizontal line near 2,754 marks an immediate resistance level. If the price reaches this level, it may encounter selling pressure, leading to a potential short-term pullback. Price Structure and Projections: Consolidation at Support: Price has tested the support zone multiple times, showing signs of stability. This suggests that buyers are likely stepping in at this level, preventing further declines. Possible Pullback: If price approaches the 2,754 resistance, a short-term pullback may occur. This is common as traders take profits, and sellers attempt to regain control at a previous high. Bullish Breakout Scenario: If price successfully breaks above 2,754, it could signal a bullish breakout. In this case, the next move could target higher levels around 2,780 or beyond, as indicated by the upward arrow. Conclusion: Given the current structure, XAU/USD appears poised for a potential bullish reversal if support at 2,736 holds and price manages to break above the 2,754 resistance. Traders might consider waiting for a confirmed breakout or pullback as entry opportunities, with a cautious approach around key levels.
OANDA:XAUUSDLong
by Wasbeer_121
1