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XAUUSD trade ideas

GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
OANDA:XAUUSDShort
by SRA_Trades
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 Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD: Shorting Range: 2796-2807The market is currently closed. On the 2-hour chart, there are three long lower shadows, indicating strong support below. Although the MACD indicator is facing a bearish crossover, the presence of this strong support suggests a potential for a second surge in volume. Therefore, during tomorrow's Asian and European trading sessions, if the support level in the 2780-2776 range holds, gold is likely to break above the 2790 high and test the psychological level of 2800. Additionally, tomorrow during the U.S. session, we will have the initial jobless claims data released, which I expect to have a bearish impact on gold. Consequently, the overall trading strategy for tomorrow will be to go long first and then short later. The trading range will be set with 2796-2807 as the high range and 2772-2767 as the low range.
OANDA:XAUUSDShort
by Mia-Signal
Nonfarm Trading PlanFundamental Analysis The Federal Reserve (Fed) meets next week and announces its monetary policy decision on Thursday, November 7. The odds of a 25 basis point (bps) rate cut are 94.5%, down slightly from 95.5% last week. However, market players are still weighing whether a Republican victory in the upcoming presidential election could force the Fed to slow its easing. Meanwhile, the Bank of Japan (BoJ) decided to keep its interest rate target unchanged at 0.25% on Thursday and reiterated its forecast for inflation to remain near its 2% target. The announcement weighed on the Japanese Yen (JPY), supporting the US Dollar. Asian and European stock indexes fell sharply, leading Wall Street to a second straight day of declines. Focus now shifts to the US Non-Farm Payrolls (NFP) report, due out on Friday. The economy is expected to add 113,000 new jobs in October, while the unemployment rate is expected to hold steady at 4.1%. Technical Analysis After a sharp drop in gold prices last night in the US session, gold recovered from the 2730 area. The 2732 area is considered an important session port area when the market's momentum begins to jump into the market. The Asian breakout zone is also noted around 2744 for scalping around the European session when selling pressure returns. Currently, gold cannot break 2754, so gold will have a push to 44 and 30 before Nonfarm. According to this scenario, Nonfarm gold will continue to sweep down first and it will be difficult to push up after Nonfarm. Pay attention to the 2720 and 2710 zones when nonfarm is announced. If gold breaks to the 2754 zone, it will be pushed back to the 2761 and 2773 zones to execute the SELL plan.
OANDA:XAUUSD
by TVS-Trader
What Should You Do if You Hold Long Positions Between 2770-2750?Today, influenced by negative data, gold experienced a significant drop. After completing the take profit on my short positions, I entered long trades. I believe many of you are in a similar situation, holding long positions in the 2767-2730 range, which has led to our accounts being in a trapped state. However, after such a large decline, a market rebound is inevitable. As long as we hold our positions firmly, we can at least expect a rebound to around 2760. Additionally, tomorrow's NFP data and unemployment rate will be released, along with several other minor data points that will certainly contribute to increased market volatility. If the price rebounds to around 2760 before the data is published, then under negative data conditions, it is likely to drop again. However, if the price does not rebound to this level, gold will not drop too much under negative data, with 2721-2712 being an acceptable range. In this context, next week's trading will definitely focus on long positions. So, if your orders are also in a trapped state, there’s no need to worry too much. The market always has its ups and downs; stay confident and seize the opportunities for a rebound. In the end, we will achieve better results.
OANDA:XAUUSDLong
by Mia-Signal
XAUUSD: Short In The 2780-2800 RangeYesterday, gold prices experienced a significant surge, reaching a high of 2790, which is very close to the psychological level of 2800. In the near term, bullish sentiment is likely to continue probing this important threshold until prices approach 2800. However, it's important to note that due to this substantial increase, market indicators have begun to show divergence, and there is a high probability of a deeper pullback in the short term. From a technical standpoint, the expected pullback should occur in the range of 2770 to 2760. Only after repairing these indicators is there a likelihood for another price increase. Thus, the high point near 2790 will certainly not be a singular peak; there should at least be one more opportunity to revisit this price level. Additionally, this week is an important data week that occurs once a month, and market volatility on Thursday and Friday will likely intensify. Regarding the data being released this Friday, I believe it poses a significant downside risk for gold. Therefore, if you are holding short positions and find yourself trapped, as long as your account balance is sufficient, there is no need to worry excessively. You can navigate market fluctuations through hedging strategies or multiple directional trades, making it entirely feasible to extricate yourself from this predicament.
OANDA:XAUUSDShort
by Mia-Signal
GOLD ALERT WITH BINSALMANFUNDS Support and Resistance Levels: You've correctly identified the support at 2760 and resistance at 2780. These levels act as critical decision points in your trading strategy, helping you anticipate potential price movements. Entry Point and Targets: Your entry at 2774 places you strategically between the support and resistance. If the price breaks down through 2760, it could signal a selling opportunity. Conversely, if it breaks above 2780, you should consider entering a buy position. Risk Management: Setting a stop-loss order is essential. This protects your capital in case the market moves against your position. For example, placing a stop-loss just above 2780 for a sell position can help minimize losses. Market Conditions: Always stay updated on market news and trends, as they can significantly impact price movements. Economic indicators and major announcements can lead to volatility that might affect your targets.
OANDA:XAUUSD
by BinSalmanFundsReal
XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce. This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand. From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting. Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
OANDA:XAUUSD
by Pierce_Bowers
1
Closing my Selling order / #89 Profits rowAs discussed throughout my morning's commentary: "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. " I have closed my Selling order (#2,770.80 - #2,752.80) on a fine #18-point Profit extending my results rage to #89 Profits row and #19 Stop-loss hits regarding January - October cycle. Indeed Selling sequence lasted more however due Bull Medium-term, I did decided to close my order earlier that expected. Regardless, I have closed also my both Medium-term Buying orders on #2,790.80 which I will announce in my morning's commentary. Congratulations on Profits!
OANDA:XAUUSDShort
by goldenBear88
XAU ! 10/30 ! Bulls dominate - continue to make ATHXAU / USD trend forecast October 30, 2024 Gold opened the week slightly lower, down 0.15%, pressured by rising US Treasury yields as markets gear up for significant US economic data that could influence the Federal Reserve’s policy direction. Traders are also watching the November 5 US election closely, with FiveThirtyEight showing Trump's odds at 52%, versus 48% for Vice President Kamala Harris, though she maintains a narrow lead in most national polls. Strong uptrend - helping gold reach highest ATH 2782. Uptrend maintained going forward - Higher ATH: 2787 - 2800 /// SELL XAU : zone 2800-2803 SL: 2808 TP: 50 - 200 - 300 pips (2773) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Gold Analysis for upcoming move!Technical Perspective: Currently, XAU/USD is showing bullish momentum, with recent price action indicating a potential rally towards the 2760 resistance level. On the 1-hour timeframe, we have observed a clear Break of Structure (BOS) signaling strong buying interest. Key support is identified around 2730, which can serve as a solid entry point for long positions. Utilizing Fibonacci retracement levels, we see confluence around these areas, providing additional confirmation for a potential upward move. Traders should monitor momentum indicators like the RSI for overbought conditions as they approach the target. Institutional Perspective: From an institutional standpoint, recent positioning data suggests that large players are accumulating long positions in gold, anticipating a continuation of inflationary pressures and geopolitical uncertainty. Central bank policies and market sentiment around safe-haven assets are driving institutional interest in XAU/USD. The influx of buying from hedge funds and other large entities could propel prices higher toward the 2760 level. It’s essential to consider market dynamics and liquidity events, as institutional traders may lead the price movements, creating opportunities for retail traders to align with the prevailing trend.
OANDA:XAUUSDLong
by goldsnipertrades
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
11.1 Gold shock awaits non-agricultureJudging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data. 1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen much. We have been emphasizing this point of view to everyone recently: Don't buy more twice when gold retreats in the US market. After the increase is too large, it is easy to fall by a large margin. Double bottoms, 618, and other positions are not caught, and there is no rebound. But compared with yesterday's empty, it is the rhythm. Continuous failures and no operating mentality are easy to form. If you can't get started when you see it right, and you can't hold back and get started, it's wrong. 2. The morning is still a cyclical rise. Intraday analysis: 1. A sharp drop in the rise, the first day is still a bull correction, which has been seen countless times before. 2. The continuous sharp drop breaks the bottom, which changes the short-term bull direction. 3. There will be non-agricultural data tonight. Before the non-agricultural data, the overall market should not change much. 4. If the bearish outlook continues, the rebound in the morning is focused on the European session. If the European session continues to rebound, the US session will inevitably fluctuate. If the market is weak, the European session will retreat first. At present, it is obviously the top of the hourly big Yin line at 2757, because this position breaks the position of the decline and rebound at 382. And there is no high point of correction in the early morning, so it can only be arranged at the top of the big Yin line. At the same time, the non-agricultural data is divided into two parts: 1. Look at the second retracement before the non-agricultural data. 2. Whether the non-agricultural data can continue the decline of yesterday depends on the data. Last month, it was 254,000, and this time it is expected to be only 11.3. Whether it is from the initial claims or from ADP, it is impossible to be lower than 11.3. It can only be high. How high it is depends on the data performance. Therefore, the worst non-agricultural data is also bad for gold. It just depends on how bad it is. For example, ADP rebounds first and then falls, or it retreats directly. As long as the data is higher than 150,000, the pullback is also empty, but no matter what, the European session is very critical. The European session continues to rebound and is strong. The US session fluctuates, but the European session is weak, and the probability of breaking the bottom is high.
FXOPEN:XAUUSD
by David_strategy
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.
TVC:GOLDShort
by David_strategy
My #2,800.80 Medium-term Target approachingTechnical analysis: Gold has formed one narrow and one wider Ascending Channel on the Hourly 4 and Daily chart. Since Price-action broke above the #2,772.80 first Resistance with force (and comfortably Trading above it), the Hourly 4 chart’s reversal crossed into a Bullish territory, and with DX easing Overbought levels near #5-Week High's (struggling to make Bullish comeback for more than #2-session horizon), Buyers re-appeared as Gold entered the Bullish formation, with #2,792.80 - #2,800.80 as an Target extension zone. On the other hand, Selling response was expected regardless as Price-action broken the upper Bollinger bands line (last time such scenario occurred is on the September #23 fractal) and even though Technically Gold should stage serious correction already near #2,772.80, Gold is fulled by Fundamentals as I turned to Short-term Buying besides Medium-term also. As such any #10-point pullback towards nearby Support and apparent rejection remains an additional Buying opportunity. Unless the strong Support breaks (#2,772.80), Bullish sentiment remains intact however personally, break of Support could arise Sellers which could fill #2,752.80 psychological barrier on the way down, however Buying extension is far from over where #2,800.80 test remains Intra-day possibility. My position: I am Highly satisfied with my both Medium-term Buying orders (#2.0 and #3.0 Volume), both engaged on #2,712.80 with #2,800.80 benchmark as an optimal Target (this will be #3rd time to book #100-point Profit on same two orders since #2,500's). I also turned to Buying from #2,772.80 as I keep my Buying order with Stop on breakeven until #2,800.80 is realized. Do not Sell Gold at all costs even though Technically Gold is strong Sell option as sequence is solely trapping more and more Sellers on Daily basis.
TVC:GOLDLong
by goldenBear88
Why did the price of gold fall after Iran was attacked? Today is October 28, 2024, Monday. Let me first talk about the facts of the market. The two major players in the Middle East on Saturday and Sunday in the international market, Israel, attacked Iran's military facilities. The weekend was also full of risk aversion. My members were very worried about whether the opening on Monday would reach a new high, with the gold price at 2,700 points. Many shorts were on pins and needles. They would ask me what I think. My answer is very simple. You should have fun on the weekend and don't worry about Monday. It will be a waste of the weekend if you worry in advance. When the market opened on Monday, there was a gap, which has not been filled yet. So in fact, there is no value in worrying in advance, and it is all negative emotional value. This means that there is no need to worry about tomorrow's things, especially when trading. Let's get back to the point. Israel's retaliation against Iran at the weekend is more like giving the public another explanation. It should be fought and warned. The United States also spoke out, saying that Iran should not escalate the situation further. Iranian officials said they would certainly respond, but since the attack did not threaten oil and nuclear facilities, sources said Iran informed Israel through a third party that it would not respond. And we retail investors are like flies swept by the market, flying around. This magical third party, this farce, in my opinion, is more like January 3, 2020, after the Soleimani incident, Iran will launch a jihad, at least to attack the US military bases in the Middle East, and the gold price will rise sharply in the future. It was indeed bombed, but in the end Trump said that before the attack began, Iranian senior officials had notified the US military that the personnel had already evacuated. Therefore, the attack did not cause any casualties. It's like you punched cotton. Obviously, the mysterious third party has become the stepping stone for the two major protagonists in the Middle East. For this farce, the dominant issue is still the economic level. During the pandemic, the world has an overcapacity that cannot be consumed, and the recovery cycle is too slow. Economic contradictions cannot be resolved, so we have to seek stronger, faster and more direct ways to consume production capacity. So after the intensification of contradictions, instability in some local areas has emerged. After all, in troubled times, everyone wants to have a piece of the pie. But who will win? In the end, it was found that the price was still the same, but it was us retail investors who paid the bill. In terms of strength, the current market has not set new highs for several trading days. Compared with the previous market that set new highs every day, this phenomenon can be regarded as a manifestation of the rising momentum is not so crazy. Coupled with the adjustment signals of large and small cycles, this shock is about to begin. As for the next important events, this week the market will have job vacancy data, small non-agricultural data on Wednesday, inflation PCE price index annual rate on Thursday, and large non-agricultural data on Friday. There are still many highlights this week. If possible, I suggest you control your position and make the stop loss as large as possible. After all, every important event and data is an opportunity for market reversal. At the same time, coupled with the bets of market investors, the probability of sweeping the market is very serious. So either you participate with a light enough position and set a large enough stop loss. Or participate in the transaction at the key price. Specifically, you can take a look at my thoughts today: International gold this morning was affected by the weekend news and opened lower and moved lower. From a technical point of view, there was a gap in the market. So today's trading should be based on the gap theory. The most important thing about the gap theory is to pay attention to the gap filling at the one-hour level. As shown in the figure, the black line represents the market filling the gap with shadows. At this time, our trading opportunity is 2747 bearish. As long as the shadow line covers the gap, it will be downward in conjunction with the jumping direction. It means that the market will start a downward trend. 2747 is an important opportunity to participate. The second is based on actual performance. As shown in the solid line trend in the figure, the price fills the gap with entities at the one-hour level, which means that the gap theory is bullish for the future market, and the bullish trading opportunity will be bullish at 2737 as support. So these two prices are the key trading opportunities to focus on today. Note that the market will experience the performance of the US non-agricultural employment data this week, and the interest rate decision and the US election next week. The risk will increase relatively, and the market fluctuations will also be greater. Therefore, when making intraday trading plans, you need to expand the price range as much as possible, control risks, and control your positions to participate in transactions.
TVC:GOLDLong
by Yuliya1l11