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XAUUSD trade ideas

Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze: The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788. Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target. Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738. Key Levels: Pivot Point: 2781 Resistance Levels: 2790, 2804, 2816 Support Levels: 2769, 2758, 2738 Trend Outlook: Correction til 2769 or 2758 Above 2788: Uptrend Under 2758: Downtrend
OANDA:XAUUSDLong
by SroshMayi
GOLD/ Price Tests ATH Zone: Key Breakout or Bearish Reversal?GOLD The price is trading in a sensitive zone near its all-time high (ATH). A 4-hour candle close above the ATH at 2,758 would confirm a bullish trend, with potential targets at 2,775 and 2,785. Alternatively, the price should stabilize below 2,757 to maintain a bearish outlook, aiming for levels at 2,738 and 2,712. Key Levels: Pivot Point: 2758 Resistance Levels: 2775, 2785, 2797 Support Levels: 2738, 2712, 2695 Trend Outlook: Under 2758: Downtrend Above 2758: Uptrend
OANDA:XAUUSD
by SroshMayi
227063SELL XAUUSD for bullish trend reversal STOP LOSS : 2,831 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
FOREXCOM:XAUUSDShort
by BALE_FX
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7. Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said. 🔥 XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold on slide aftermath / Medium-term Buy orders closed with TGNew meta: As it was evident recently on my commentaries, I have been engaging Medium-term Buying orders (#2.0 and #3.0 Volumes) #3 times in a row now and first two times it was sharp #100-point Profits. Previous two orders were engaged on #2,712.80 and since #2,790.80 was Fibonacci Ultimate Top's I have decided to close both of them there / delivering #78-point Profit on both of orders. I could officially await #2,800.80 benchmark or more however I took a safe path and closed my orders with #78-point Profit on both of them / Highly satisfied however since Elections are approaching, I will not make any more moves since Elections can finally deliver certain Selling action on Gold (as markets may have some confidence after voting) which may cause safe-haven assets such as Gold to lose and riskier assets to gain on Medium-term. Intra-day / Short-term: The #2,772.80 former strong Support now turned in Resistance was crossed and Gold was Technically ready to accomplish new local Low’s (major break-out I announced if it gets invalidated). This will be essentially a Higher High's Lower zone first on Descending Triangle validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #2 session horizon. The (#1W) Weekly candle is now at (# +1.05%) and the week will most likely close on a positive note following last candle's (# +2.28%). I will take advantage of the Higher High’s Lower zone, giving distinguished Buying order within this relief rally / Bullish Intra-week cycle and Profit on wide timeframes for reduced Risk as I still maintain my Buying order (Buying every Bottom) which I engaged on #2,735.80 (ideally I expect to close the position above #2,752.80 benchmark). Keep in mind that this is NFP session as I am looking at #2,727.80 test initially if NFP delivers upside surprise. My position: As discussed above, I do expect upside surprise on NFP announcement and if that's the case, Gold may spike towards #2,727.80 Support zone in extension. I will close my current Buying order as Higher as I can and will look to re-Sell Gold ahead of NFP numbers. Overall another excellent week.
OANDA:XAUUSDShort
by goldenBear88
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy. Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
OANDA:XAUUSDShort
by Mia-Signal
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OANDA:XAUUSDEducation
by Snick3rSD
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we said we would be looking to long from the lows up into the order region 2730-35 which gave us a decent trade early session. We then gave KOG's bias of the day as bullish above and achieved our Excalibur target but fell just short of the 2745 target level that we wanted. We're now at support 2730 which looks to be holding up but we have resistance 2745. We expect this range to continue for the remainder of the session unless one of the levels is broken. As is stands, if we need to break above 2745 to then target the 2760 level but due to the ranging it's not giving us a clear set up. We'll await the close and re-assess tomorrow. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly. The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate. 1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40. 2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction. 3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing. Intraday thinking plan: BUY:2715 SELL:2740
TVC:GOLD
by David_strategy
1
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset. However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices. ⭐️Personal comments NOVA: H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2750 - $2752 SL $2758 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2709 - $2711 SL $2704 TP1: $2718 TP2: $2730 TP3: $2740 ⭐️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:XAUUSDShort
by Nova-Scalper
3
XAUUSD: There is a possibility of falling below 2700 todayYesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained. From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised. With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700 The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
TVC:GOLDShort
by AntonyTP
1
XAUUSD- Continued to rise from $2,750 per ounceGold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal? Key drivers: Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset. XAUUSD's new outlook: If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher. Short-term levels to watch: Major support: $2,740 - $2,750 Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
OANDA:XAUUSDLong
by peuypaju
NFP Ahead: Targeted Short Strategy for Optimal GainsMarket Insight: Great work today on capturing profits with the short trade, everyone! My VIP members and I have made impressive gains. If you're interested in continuing to secure these returns, reach out to me directly—we’re setting up for a major strategic move. With most key economic releases for the week showing bearish outcomes, tomorrow brings one more critical release: the U.S. October Non-Farm Payroll (NFP) report, which is highly likely to impact gold negatively. We’ll continue focusing on short positions for the remainder of this week. Looking ahead, however, as the U.S. election concludes next week, we anticipate a potential shift, at which point we’ll pivot to long strategies to capture possible upside momentum. Current Gold Trading Strategy: Entry Level: Short gold at 2740 Take-Profit Target: 2730 Stop-Loss: 2750 Exclusive Member Strategy Update: This strategy will only be shared once today. For tomorrow’s detailed NFP trading plan, I’ll be providing specific guidance exclusively to my VIP members. If you’d like to join and get access to tailored strategies, reach out now!
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD: Watch for a Sharp Decline Soon!XAUUSD MARKET ANALYSIS Today, we are focusing on key intraday levels that could influence trading decisions: Support Level: 2734-30 Resistance Level: 2748-50 Upcoming Market Events: This Friday, we have the highly anticipated Non-Farm Payroll (NFP) report, which historically tends to create significant volatility in the market. The data released can lead to quick price movements, offering potential trading opportunities. Monitor Price Action: If the price approaches the support level (2734-30) and holds, it may provide a buying opportunity, signaling potential upward momentum. Conversely, if the price breaks through the resistance level (2748-50), it could indicate a bullish trend, suggesting traders might consider entering long positions. Consider Market Sentiment: Pay attention to pre-NFP sentiment in the market. A strong jobs report could lead to a rally, while a weaker report might trigger a sell-off. Adjust your strategies accordingly. If you find this analysis valuable, please like the idea. Your support motivates us to continue providing high-quality content!
OANDA:XAUUSDLong
by bluechipfx
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside. Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
TVC:GOLDShort
by goldsnipertrades