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XAUUSD trade ideas

Gold vs Paperhis chart shows the performance of gold against major world currencies (USD, EUR, GBP, CHF, and JPY) over the past 5 years. Here are the key observations: 1. Overall Trend: - Gold has appreciated against all major currencies, showing a strong upward trend - The most dramatic appreciation appears to be against the Japanese Yen (likely the top purple line, showing ~220% increase) 2. Notable Periods: - Early 2020: Sharp spike across all currencies (likely due to the COVID-19 pandemic) - 2023-2024: Significant acceleration in gold's appreciation, particularly against the Yen - Recent months show steeper appreciation across all currencies 3. Currency Performance Comparison: - The Japanese Yen has weakened the most against gold (highest line) - The other currencies show more clustered performance against gold - Gold's appreciation appears to be around 100-150% against most major currencies over this period 4. Recent Momentum: - The chart shows solid upward momentum in recent months - The divergence between currencies has become more pronounced This visualization effectively demonstrates gold's role as a store of value against fiat currency depreciation, with a particularly stark performance against the Yen during this period. Share
OANDA:XAUUSDLong
by Moshkelgosha
The Emotional Appeal of Gold: Is it Worth its Weight?Gold. The word alone carries a certain weight. For centuries, it has held a place not just in our vaults but in our hearts, symbolising wealth, power, and security. But why, in a world of ever-evolving financial markets and digital assets, does gold continue to hold such an emotional appeal for investors? And more importantly, what are the risks we may overlook? A History Wrapped in Emotion From ancient Egypt to the Roman Empire, gold was more than a precious metal—it was a status symbol, a sign of divine power. Civilisations believed it to be the stuff of the gods, a shimmering proof of stability. Fast forward to today, and we still see this ancient reverence playing out in modern investment decisions. There’s something psychological about gold. It doesn’t rust. It doesn’t degrade. It stands the test of time, both physically and emotionally. Investors, whether consciously or not, tap into this deep-rooted belief that gold is eternal, a safe haven that can withstand the chaos of the world. However, while gold may feel like a timeless asset, it’s crucial to acknowledge that its value fluctuates like any other investment. In times of calm or economic growth, gold often underperforms compared to riskier assets like equities. Investors seeking returns may find gold’s price stagnant or even declining during bull markets (past performance is not indicative of future results). The Comfort of Tangibility—But at What Cost? In a world increasingly dominated by invisible assets like cryptocurrencies and complex derivatives, gold offers something unique: tangibility. You can hold it, feel it, store it in a safe. There’s a psychological comfort in that—a sense of control that many investors crave, especially in times of uncertainty. But physical ownership comes with its own set of challenges. Storage and insurance costs can erode potential gains, and in some jurisdictions, tax implications can be significant when selling gold. While the emotional anchor of tangibility is appealing, investors must weigh the practical considerations, such as liquidity and costs, when opting for physical gold versus other forms like ETFs or mining stocks. Trust in Uncertainty—But Volatility Still Applies Gold’s appeal lies in its track record during turbulent times. When things get shaky—whether due to inflation, war, or economic crises—gold shines brightest. Historically, it has been seen as a hedge against inflation and currency devaluation. Yet, while gold has traditionally performed well in uncertain environments, its price can still be subject to sharp drops. For instance, after the 2011 gold bubble, prices tumbled and took years to recover. Relying on gold as a ‘safe bet’ ignores its potential volatility, particularly when market conditions change abruptly. Gold’s Journey Through Time —A Chart Analysis To understand the emotional and financial significance of gold, a long-term price chart provides powerful context. Gold has had its moments of glory, but it has also experienced significant downturns. One of the first major spikes occurred during the 1970s inflation crisis , when rampant inflation eroded the value of paper currencies. But investors should note that gold also dropped sharply after inflation stabilised, reminding us that it is not immune to market corrections. Fast forward to the 2008 Financial Crisis : Gold became a beacon of security, with prices soaring. However, those who bought at the peak faced years of waiting for prices to return to those levels. The 2020 pandemic provided another powerful example of gold’s reliability, but by 2021, prices had cooled off as the global economy stabilised, once again highlighting gold's cyclical nature. Investors need to consider these fluctuations before placing full trust in gold’s stability. It may be seen as a ‘safe haven,’ but that doesn’t mean it’s free from risk. The Technical Setup: Stability in Volatility—But Patience Is Key From a technical analysis perspective, gold’s price chart often reflects its dual nature as both a stable asset and a volatile one. Long-term moving averages show gold’s upward trend, but the market also reveals periods of consolidation and sharp corrections. While technical indicators like the Relative Strength Index (RSI) show sustained demand for gold, they also warn against overbuying during market euphoria. Investors looking at gold for long-term capital preservation must be prepared for periods where gold’s price may stagnate or decline—patience is key, and timing the market becomes crucial. A Safe Haven for All Seasons—But Not Without Drawbacks Gold has earned its reputation as a cyclical asset that investors turn to in times of crisis.However, relying solely on gold can expose portfolios to additional risks, such as liquidity issues, volatility, and opportunity costs. During periods of economic expansion, equities and other riskier assets might outperform gold, leaving those heavily invested in gold with limited gains. Furthermore, gold’s correlation with inflation and interest rates isn’t perfect. In some high-interest rate environments, gold may underperform as other income-generating assets become more attractive. As such, it’s essential for investors to view gold as part of a diversified strategy rather than a one-size-fits-all solution. Conclusion: Gold Is More Than Metal—But It’s Not Without Risk While modern investors may seek higher yields or exciting potential, gold remains unique in its emotional and cultural significance. It’s not just about the price per ounce—it’s about trust, security, and the timeless allure that makes it more than just metal in the eyes of investors. However, despite its long history and emotional appeal, gold is not a risk-free asset. Investors must approach it with a balanced view, recognising both its benefits as a safe haven and its limitations in terms of price volatility and opportunity cost. Gold, quite simply, feels safe—but feeling safe doesn’t always guarantee financial security. In the volatile world of finance, the emotional connection to gold is worth acknowledging, but investors must stay grounded in the risks that come with this timeless asset. Is the emotional connection worth its weight in...well, you know? The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Another aggressive day on the Gold with price giving the retracement traders wanted but not before the stretch! Yesterday we gave the circled regions and suggesting watching them for reactions in price. The first level 2650-55 held with a limited upside giving the move downside. We had also switched our bias today with the target levels 2750 and below that 2744. We left the path on the chart as we were expecting this move from Sundays KOG report bar the stretch. So now we have support 2710 with the immediate resistance level being 2736 and above that 2730-35. If we can get the close that we want we will look to complete the path but that is depending on the 2730 level holding the price down. For now, the bias targets are complete for the day, not many caught the whole move but we hope some took note of the reaction levels and KOG's bias of the day. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
Learn How to Avoid Margin Call in Trading Hey traders, In this educational article, I will share with you 5 simple tips that will help you not to blow your trading and avoid margin call. 1️⃣ Always Use Stop Loss. Let's start with the obvious - with the stop loss order. Never ever trade without that. Before you open your trade, plan in advance its placement, stick to it once the position becomes active and never remove it. 2️⃣ Manage Your Position Sizes I know that most of you are trading with a fixed lot. That is a bad habit. You should measure the lot size for each trading position you take. You should define in advance the risk percentage you are willing to lose per trade and calculate the lot sizes for your trades accordingly, then. 3️⃣ Avoid Taking Too Many Positions Remember that in trading, quantity does not imply quality. The more trades you take, the harder it is to manage each position individually. I would suggest opening maximum 5 trades per day and holding no more than 8 trades simultaneously. 4️⃣ Avoid Trading Too Many Markets The wider is your watch list, the harder it is to focus on each individual element inside. Do not try to control as many markets as possible, instead, narrow your watch list and concentrate your attention on your favorite trading instruments. 5️⃣ Remember About Volatility The more volatile is the market that you trade, the harder it is to trade it and the bigger stop losses you need to keep your positions safe. Remember, that the volatility is the double-edged sword. It can bring substantial profits, but it can also blow your entire account in a blink of an eye. Following these 5 simple rules, you will make your trading much safer. Study them and add them in your trading plan. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
Xauusd sell confirm signal weekly chart Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum. From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders pattern on short-term charts. The neckline support of the said pattern is pegged near the $2,705 region, which should now act as an immediate strong support. Some follow-through selling, leading to a subsequent fall below the $2,700 mark, should pave the way for deeper losses and drag the Gold price further towards the $2,675 support. The downfall could extend further towards the bearish pattern target near the $2,660 area. Gold now sell 2747 Support 2715 Support 1701 Resistance 2757
OANDA:XAUUSDLong
by JohnHarry_7
XAUUSD-touched the lower boundary of my sell zoneXAUUSD-touched the lower boundary of my sell zone Hello, traders, over the past 10 days, I’ve consistently noted that XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days. A strong correction is both healthy and expected. Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom. Despite this correction, I believe there’s more downside potential ahead. I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals. My overall target remains a drop below 2700, with 2690 as a strong support level to test.
OANDA:XAUUSDShort
by peuypaju
1
XAUUSD - Profit Taking as per usual by NY The recent drop in gold appears to be a classic profit-taking move by algorithms using the latest economic data as a justification to temporarily drive prices lower. Despite some stronger U.S. data, nothing has fundamentally shifted in terms of gold’s long-term outlook. Fundamental Justification: Inflation Stability: Core inflation indicators remain steady, reinforcing gold’s appeal as a hedge against inflation. Interest Rate Expectations: The Federal Reserve is expected to hold rates steady, with markets leaning toward potential rate cuts next year, which is typically bullish for gold. Global Uncertainty: Persistent geopolitical tensions and economic uncertainties still make gold attractive as a safe haven. In essence, the recent pullback is more about short-term positioning rather than a change in the fundamental landscape for gold, keeping the overall bullish view intact with $2,790 as a reasonable upside target. Target: Given the previous high of $2,790, we should expect a return to this level as per usuual. Breakdown: Fundamentals: 85/100 – Supportive due to inflation concerns, steady rates, and safe-haven appeal amidst global uncertainties. Technical Outlook: 75/100 – Some short-term selling pressure, but the trend remains positive with a high likelihood of retesting previous highs. The score reflects strong underlying bullish support with a high probability of a return to previous levels, though some short-term volatility from profit-taking will obviously persist.
OANDA:XAUUSDLong
by NZ_Shareman
Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit. Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow. It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.
TVC:GOLDLong
by George_parse
H4 SCENARIO Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and Federal Reserve policy changes expected by the end of 2024. Goldman Sachs foresees gold possibly reaching $2,700 per ounce, supported by a weaker U.S. dollar and ongoing high demand from central banks worldwide. Other analyses, including insights from Bank of America, suggest levels around $2,400 if rate cuts proceed in Q2 2024, which may stimulate further demand. Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
CITYINDEX:XAUUSDLong
by BELLATRIXFX
Gold trading analysis, October 30, continuously updated...Dear gold investors As shown in the figure The rising trend from red point A to red point B is the most recent wave of gold trading. From the perspective of technical analysis, I record it as the beginning of the present The significance of this trend is that the segmentation of the current market is convenient for us to accurately judge the future trend. When we analyze the future trend for trading, the first thing we need to understand is what the trend of gold has experienced before the current wave of rise, and where it will most likely go in the future. 1: Red point A to red point B is the main rising trend of the previous wave, sorting out the upward outbreak point of the market at the position of red point C 2: The white channel is interpreted as the downward channel that may be caused by the retracement of red point B 3: The blue channel is interpreted as the upward channel of the current gold with a high probability 4: The orange parallel line is interpreted as the price blockage and stay relationship that gold is likely to experience now and in the future 5: The green line is interpreted as the central line of the oscillation, which means zoning and classification, because the oscillation starts with a wave of rising or falling market, and ends with the final exhaustion, thus going out of a new period of oscillation The core theory of line analysis is actually the law of conservation of volume and energy. No matter how much money comes into the market, it will eventually go out in the future. Therefore, money, as kinetic energy, forms conservation fluctuations, which also forms the high and low echoes in the channel. So next, according to technical analysis, gold stands firm near the orange C line of $2,748, which means the fulcrum of the current market. It also means a defensive point that cannot be ignored for all intraday transactions. At present, we see that gold has risen to around 2,785. In theory, the expected retracement of trend trading will rise to the range of $2,760-2,770. Next, we patiently wait for the retracement of gold and buy on dips.
OANDA:XAUUSD
by GoldFxTradingPioneer
GOLD is close to the current level of 2,758 USDOn Tuesday (October 29) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price just touched 2,757.74 USD/ounce, setting a new intraday high and approaching the previous historical high. Traders prepare to release key economic data that will help set the tone for the Federal Reserve's next policy decision. Although tensions in the Middle East appear to have cooled, the Uncertainty about the US election still supports gold prices. The Fed will announce its interest rate decision at its two-day meeting starting November 6. Jobs and inflation data, as well as if the results of the US presidential election are contested, This could influence the Fed's decision. The market still expects policymakers to cut interest rates by 25bps at their November meeting. Lower borrowing costs are typically positive for gold, which does not yield a yield. According to CME's FedWatch Tool, the market expects the probability of the Fed cutting interest rates by 25 basis points to be about 98.4%. When the presidential election between Harris and Trump was still too close, gold had 3 consecutive weeks of increases despite the increase in US Treasury bond yields and the USD, which often puts pressure on precious metals, losing correlation. This describes both gold and USD as having separate supports. According to the latest statistics from the China Gold Association, China's gold consumption decreased by 11.2% year-on-year in the first three quarters of 2024 as high prices suppressed jewelry demand. Analysis of technical prospects for OANDA:XAUUSD Gold has had 3 consecutive days of increase and is heading for the 4th day of price increase after adjusting and taking support from the short-term price channel and the 1% Fibonacci level. Currently, gold is close to the all-time peak set previously, once gold breaks the $2,758 level which is also the target increase since gold corrected down from this level, it will have enough room to continue. upside with the next target around 2,768USD in the short term, more than the 2,786USD price points of the Fibonacci 0.382% and 0.50%. The relative strength index (RSI) is pointing up with no signs of weakness as it approaches the overbought area, suggesting that bullish momentum remains solid, and as long as gold remains within the channel it will continue to trend. short-term upward trend. However, in case it is sold below 2,700 USD, it will open up expectations for a medium-term correction down cycle with the target at the area of ​​the EMA21 moving average. In the current market context, this scenario is quite unlikely. During the day, the bullish technical outlook for gold prices will be brought into focus again by the following notable levels. Support: 2,745 – 2,741 – 2,725USD Resistance: 2,758 – 2,768 – 2,786USD SELL XAUUSD PRICE 2774 - 2772⚡️ ↠↠ Stoploss 2778 →Take Profit 1 2767 ↨ →Take Profit 2 2762 BUY XAUUSD PRICE 2730 - 2732⚡️ ↠↠ Stoploss 2726 →Take Profit 1 2737 ↨ →Take Profit 2 2742
OANDA:XAUUSDLong
by Xayah_trading
1
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy: 1. Trend Analysis: The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure. Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart. 2. Liquidity Zones: Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves. Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones. 3. Support and Resistance Levels: Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation. Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717. 4. Price Action Observations: The recent red bearish candle indicates sellers are actively testing the support area. If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again. Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support. 5. Bias: Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks. Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717. 6. Potential Trade Ideas: Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond. Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717. Summary In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
OANDA:XAUUSD
by merlyvasaya82