Xau/ usd ShortLong Trend Is Still Bullish but On Technical basis short is coming. Resistance area from 2770-2780. And the top trend line is also touching these areas. So From this resistance zone seller will be active.first support is 2715-2720
XAUUSD trade ideas
GOLD SELL NOW!!!!!!!!Gold just tap into the previous highs and now price is heading to take out the sell side liquidity to complete the falling wedge pattern and breakouts then from there am expecting a retest from the fvg or supply zone to sell Gold down to the support level my goal target will be
2605
Tell us your views on this...........
gold long : on monday morninggold has shown a beautiful long chracter on the monday opening near 3am .... that is marked in the chart... so hopefully in this morning this will repeat its behaviour .... so a good chance to buy the gold...
GOLD SHORT OVERVIEW (4H UPDATE)Since I posted the update yesterday, Gold is down 420 PIPS since!😍
Amazing completion of Wave 5 of the EW strategy, now which'll be followed by a much needed downside correction!
GOLD → Bullish flat (consolidation). News aheadFX:XAUUSD corrects to 2713, confirming strong support. We talked to you about the risks yesterday. Bulls have been actively buying the metal since the start of the Asian session, hinting at strong support...
Further gains in gold remain dependent on the upcoming PMI and jobless claims data. Traders are awaiting information on the state of the global economy, which will influence the short- to medium-term strategy against the dollar and gold...
Market nervousness ahead of key reports in the US and the presidential election will also play a role. Any potential decline in the gold price is likely to be contained for several reasons: the BRICS summit, the US elections, the ongoing Middle East conflict. In this case, gold acts as a safe haven.
Resistance levels: 2748, 2758, 2775
Support levels: 2729, 2713
ATH may be tested in the near future. Further news and high volatility, high risks may provoke profit-taking, which may bring gold back to support. And after correction the growth may resume due to strong enough interest from buyers....
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
XAUUSD: The rise is not over yet, 2740 is not the topYesterday, our strategy of waiting for the 2720-2725 area to stabilize before buying was still correct. Although the gold price hit a low of 2714, it continued to rebound and reached a high of 2738. We bought near 2720 yesterday and have taken profits today.
From the 1H chart, we can see that the decline in gold prices yesterday touched the rising trend line of 2715. As time goes by, the price of the trend line will gradually rise. The 2720-2725 area is where the next trend line is located. Therefore, my thinking today will continue to follow yesterday's trading method. If the gold price falls back to the 2720-2725 area again, I will buy long orders again, with the target at 2750.
#XAUUSD: Daily ViewPoint Will War Conflict Affect The Gold PriceDear Traders,
Gold has been in range at the moment the HH of day week it created when it reached 2670 and then dropped to 2645 level. Currently ranging between these two levels. What we are thinking here is that there is possibility that price continue the range until the friday when we have nfp. That will be crucial for the price to decide its future trend.
Long From Support AreaIn my opinion, this support will push gold up because it's showing buying signs here. Please do your own research and manage risk. May pips be with you!
GOLD 31/10/24 potential to sellTo approach a potential sell near the 2790 level in gold
Waiting for confirmation prevents premature entry. Be prepared to skip the trade if price action signals a breakout above 2790
Golden Pause: A Strategic Consolidation on the Bullish Ascent**Gold's Market Landscape: Navigating XAUUSD Range with Strategic Precision**
As XAUUSD oscillates within a defined range between 2758 and 2713, the structure reflects a temporary consolidation. This sideway formation suggests an evolving buyer base, reinforced by a strong foundational support that hints at underlying bullish intentions. While gold has found itself in a tight channel, the larger narrative remains tethered to favorable conditions that could catalyze a retest of its all-time high (ATH).
On the macroeconomic front, the US dollar has maintained strength, a byproduct of a more measured approach from the Federal Reserve on rate cuts, alongside a looming U.S. election. These factors typically cast a shadow over gold’s bullish momentum, as a stronger dollar can reduce demand for the precious metal. However, the effect on gold prices has been limited thus far. Renewed optimism around potential stimulus measures from China—the world’s leading gold consumer—has added a supportive layer to prices. Simultaneously, the ongoing tensions in the Middle East continue to influence gold as a traditional safe haven, with no current signs of resolution on the geopolitical front.
From a technical perspective, XAUUSD’s current position within this range emphasizes a careful, level-oriented trading approach. Active trading around key levels is paramount, with opportunities presenting themselves at both support and resistance boundaries. The support levels between 2728-2724 and 2713 have shown resilience, providing buyers a foothold against bearish pressure. Similarly, resistance at 2745 and 2758 presents pivotal thresholds. Within this context, gold remains prone to potential bounces or false breakdowns at these boundaries, as it settles into a flat, yet range-bound, state.
A notable resistance retest could act as a springboard toward a breakout, potentially propelling XAUUSD towards a fresh push to ATH territory. Conversely, a support-level bounce could also signify renewed momentum, especially if accompanied by bullish fundamentals. Traders should remain vigilant, as each retest of range boundaries—whether on support or resistance—provides invaluable insight into gold’s trajectory, with the chance for breakout signals growing at each test.
In summary, while the broader fundamental factors have created a supportive backdrop, technical traders will find that range-bound strategies centered on strong levels may offer the best framework for engaging with the current market. The market awaits a decisive move, either a breakout or a renewed consolidation, as gold continues its journey through this well-defined channel.
NEW IDEA FOR GOLD
Global gold will strengthen due to the possibility of Iran's response to the Israeli missile attack
By examining the trend in the four-hour time frame, gold has an important support range in the range of 2712-2698, and if it is maintained, it can increase to the resistance of the channel ceiling in the range of $2804.
Gold looks shaky for a short
Gold will tumble on a breach of the triangle its currently situated. Here is the trend line in red.
The Gold Price for the past 2 hours has been stationary much of the time at the bottom of a 1 hour triangle. Waiting to be shorted and trapped down lower. Will you join me? There was very recently a 1 to 3m chart head n shoulders pattern so price was on the move upwards and around 2733 now.
For educational purposes as trading can be risky.
The chart has details of a stop loss and 2 profit targets for the Short. Idea is to short Gold with a waiting Limit order at 2735.
Now, if you find that price gets close to 2735 but does not trigger your order, then that will mean that price is heading lower and they don't want you getting liquidity to sell your order and possibly profit from the short. That is when you sell on Market near 2735 or just below.
Stop Loss is 2739.39 (tight) or for a wider but less Reward, place stop at 2744.78, a fair bit of room. I did that because the gold price does retrace and move around a bit pre New York.
2713.76 is TP1 and TP2 is 2682.62 or take profits when and where you feel comfortable.
xauusd 01 november 2024 bearish strongThere is no reversal pattern from some time ago, no engulfing or strong rejection.
xauusd will continue to continue its bearish trend until 2720 minimum.
with sell point at 2756 area, I hope this target will be realized before US market starts.
Gold Weekly Analysis 28 Oct - 1 Nov 2024Gold Weekly Analysis 28 Oct - 1 Nov 2024
World Gold rose to $2,745/toz on Friday, recovering from earlier profit-taking as geopolitical tensions in the Middle East and uncertainty surrounding the upcoming US election increased demand for safe haven assets.
Next week based on Kitco.com survey. Although not as optimistic as the previous week, Wall Street & Main Street still agree that gold will continue its rise.
According to the Trendline Indicator, the 4-hour gold time frame is in a consolidation phase with a bullish bias.
Transaction Advice
If the price falls and is stuck above 2733, wait for a valid Buy signal to appear because the market has the potential to rise again to test the All Time High (ATH) 2758, if it breaks, you can open a buy position again because the market will continue to rise towards the next resistance in the 2773 - 2789 area
However, on the other hand, if the price falls below the 2733 pivot, you can look for an opportunity to buy in the 2708 support area. WARNING If the price is confirmed to close below 2708, there is an opportunity for gold to change direction to a downtrend.
Important US Data Next Week
CB Consumer Confidence (29/10)
JOLTS Job Openings (29/10)
ADP Non-Farm Employment Change (30/10)
Advance GDP q/q (30/10)
Core PCE Price Index m/m (31/10)
Employment Cost Index q/q (31/10)
Unemployment Claims (31/10)
Average Hourly Earnings m/m (1/11)
Non-Farm Employment Change (1/11)
Unemployment Rate (1/11)
ISM Manufacturing PMI (1/11)
Disclaimer: The information above is informative and you need to verify it and always remember and understand risk management if there is a reversal, also pay attention to ongoing technical indicators and fundamental news that will be released
29 Oct - Looking for buysMy target remains 2780. I believe we will see a retrace to near 2740 and then up to 2780 and higher in the long run.
News today should provide the required bullish momentum.
Xauusd buy confirm signal From a technical perspective, acceptance above the $2,750 supply zone could be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price beyond the all-time peak, around the $2,759 region, towards testing a nearly four-month-old ascending trend-line resistance near the $2,770-2,775 region. The momentum could extend further towards the $2,800 round-figure mark.
Gold now buy 2750
Support 2766
Support 2780
Xauusd Hi traders based on last gold analysis ; we have a gap 9r fvg; it's sign of market reversal. after higher high market is bearish
GOLD ANALYSIS: Sell above 2.800?Hi Traders|
Gold remained above $2,780 per ounce on Thursday, holding at record levels due to increased demand for safe-haven assets amid uncertainties surrounding the US elections and geopolitical risks. Markets are also evaluating the latest US economic data, which shows a 2.8% annualized GDP growth for the third quarter, slightly below the 3% expectation.
Meanwhile, personal consumption and sales rose significantly, indicating American consumers' resilience and maintaining elevated inflation risks, as highlighted by unexpectedly high core PCE price figures from the last quarter.
Still, traders are poised for further monetary easing at the upcoming meeting, which benefits gold as lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion.
Investors are now awaiting PCE figures and payroll data due Thursday and Friday.
📊 TECHNICAL ANALYSIS
That said our bullish setup is still in play with Target 2 (see chart below), but at the same time, above the 2,800 area an important resistance area and some Reversal Patterns on lower time frames should appear in the short term. If this happens we can try to take a short position.
🔴 ANALYSIS TARGET 1 (long/bullish)
(click & play on chart below)
🔴 ANALYSIS TARGET 2 (long/bullish)
(click & play on chart below)
Thanks for watching.
XAUUSD Real-time analysis of the gold market, continuously updatDear gold traders
Yesterday, we chose to leave the field near gold 2785, continued to watch the breakthrough strength near 2790, and finally gold twice explored and stopped near 2790.
We have also successfully predicted that gold may have a correction depth in the 2776-2780 range. Those who have followed me can check out my analysis in the last post.
Today's deal should be clearer
1: From the perspective of the big cycle, gold is still an upward trend and is still strong.
2: From the observation of the cycle at all levels of the hour line, the trend of gold began to weaken
Summary: The purpose of our current day trading can only be backed by the corresponding support, accurate operation, the current gold repeatedly broke new highs, for the future long cycle is indeed accompanied by huge opportunities, but the current day trading choice, we must clearly recognize the pressure and support brought by the various thresholds
3: Figure
Summary: The next few prices I marked are very critical
Downward analysis: We can look at the red line ABC trend, focusing on the zoning pressure around 2780 and 2778, and 2772-2770 below as a short-term target level
Upward analysis: We can look at the trend of the blue line 12345, and focus on the partition support near 2780-2781, and 2790 will be the first target level upward.
If, as a trader, you can also carefully split all my crossing paths, it must be the most accurate judgment on the current trend of gold. We can not predict the future perfectly, but we must understand the current market to make a reasonable trading plan for the future.
Next, I will continue to update our plans and accompany you to keep up with the trend of gold.
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024
Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook.
The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types.
/// SELL XAU : zone 2798-2801
SL: 2806
TP: 50 - 200 - 300 pips (2771)
Safe and profitable trading
Strategic Gold Trading in NFP Week: Steady PositioningStrategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach.
Specific Trade Setups:
Enter long positions on gold between the 2725-2728 range
Initiate short positions on gold between the 2737-2739 range
Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
XAUUSD - SELL Wait for a break and close below the specified level before entering the trade. This helps confirm the market's direction and minimizes the risk of false breakouts.
