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XAUUSD trade ideas

#GOLD ⟶ BEARISH CHANNEL BROKEN: SET FOR GROWTH!#Gold Analysis Summary Time-frame: 4 hours The recent gradual dip can be framed within a bearish channel on the 4-hour time-frame. Following the recent growth, #GOLD has managed to break this channel to the upside, increasing the likelihood of further growth 📈. In addition to breaking the bearish channel to the upside, #GOLD is currently positioned above its weekly support level (2641.015). Upon hitting this support, we witnessed a rise 🟢. As long as #GOLD remains above the 2641.015 support on the 4-hour time frame, growth toward Targets 1 to 4 (as per the previous analysis) is expected 🎯. However, if contrary to our expectation, the 2641.015 support is broken downward before hitting the targets, we could see a temporary dip 🔻. This dip is likely to be halted at one of the support zones: 2620.555 or 2583.930-2597.415, after which we expect #GOLD to enter a bullish phase toward the targets 🚀. Pay special attention to the overall stop-loss for the bullish scenario (closing below 2597.415 on the daily time-frame) ⚠️. ...................... #GOLD Analysis Summary Time-frame: 1 hour In the 4-hour time-frame analysis, we mentioned that as long as #GOLD remains above the 2641.015 support, there is a strong chance of growth (without a temporary dip) 📈. Right above the 2641.015 support, in the lower 15-minute time-frame, there is a possibility of forming a continuation pattern, the expanding triangle. For growth based on this triangle, the condition is breaking the last dip’s resistance within the triangle. The resistance of the last dip is the top of the bearish channel drawn in the 1-hour time-frame. For a valid breakout, three consecutive candles need to close above the channel's top in the 1-hour time-frame (which has happened) ✅. With this confirmation (breakout above the 1-hour channel), #GOLD could start growing from this point. However, keep in mind that before the growth, there’s a chance it may retest the lower bound of the triangle, corresponding to the support range of 2639.027-2641.015, before moving upward again 📊. Don’t forget, the stop-loss for this growth scenario, based on the triangle structure, is a break of the weekly #GOLD support (2641.015) in the 4-hour time-frame ⚠️.
OANDA:XAUUSDLong
by Eldorado_Land
Gold Roadmap==>>When will Gold Correction Start Begin!?Today, I want to show you the Gold ( OANDA:XAUUSD ) roadmap before the US presidential election . Gold has started an upward rally for over 2 months and is moving in an Ascending Channel . Educational tip : Try to draw the channels you draw in the chart with a tolerance. The question that arises for us is how long this bullish Gold rally can continue and when the correction of Gold will begin. In addition to the fundamental discussion , we can use technical analysis tools to answer the above questions . One of the best methods is the Elliott Wave Theory . According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 in the Ascending Channel(small) . I expect the main wave of 5 Gold to finish in the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ) , and then we have to wait for the starting correction . ---------------------------------------------------------------------- Let's see what the history of gold has been like in the last month before the US presidential election . Throughout history, gold prices have often fluctuated in the months leading up to U.S. presidential elections. These changes have been influenced by various factors specific to each period. Here's a brief summary of gold's performance before some key U.S. elections : 1- 2016 Election (Donald Trump vs. Hillary Clinton) : Prior to the 2016 election, gold experienced significant volatility. Uncertainty about the outcome, especially with Trump's unpredictable economic policies, increased demand for gold as a safe haven. Gold prices rose in the months leading up to the election, reaching new highs after Trump's victory. 2- 2012 Election (Barack Obama vs. Mitt Romney) : Leading up to the 2012 election, gold showed less volatility compared to other years. The Federal Reserve’s expansionary monetary policies and low interest rates kept gold attractive as a safe investment. Gold prices remained relatively stable before the election but surged after due to concerns over the "fiscal cliff." 3- 2008 Election (Barack Obama vs. John McCain) : The 2008 global financial crisis had a massive impact on gold prices. In the months leading up to the election, gold saw increased demand as a safe haven. Economic uncertainty and large bailout packages led to a significant rise in gold prices during this period. 4- 2000 Election (George W. Bush vs. Al Gore) : The 2000 election was marked by the "hanging chad" controversy, causing significant political uncertainty. This drove demand for gold. In the months before the election, gold prices rose, and after the election, due to ongoing political unrest and doubt over the result, gold saw further increases. 5- 1980 Election (Ronald Reagan vs. Jimmy Carter) : During this period, severe inflation and political uncertainty, both domestic and international, increased the demand for gold. In the months leading up to the 1980 election, gold prices were on an upward trend and reached new highs. Conclusion : History shows that gold often rises in the lead-up to U.S. elections due to political and economic uncertainty. Elections coinciding with financial crises or heightened uncertainty (such as in 2008 and 2016) have had a greater impact on gold price surges. ---------------------------------------------------------------------- Now, let's see how gold has performed in November . Here’s a summary of the percentage changes in gold prices during November over the last 10 years : 1- November 2023 : Data not yet available, but gold has been volatile due to economic and inflation concerns. 2- November 2022 : Approximately +8% increase due to lowered interest rate expectations and recession concerns. 3- November 2021 : Approximately -1% decrease due to rising interest rates and stronger financial markets. 4- November 2020 : Approximately -5% decrease post-U.S. election, but demand remained high due to COVID-19 and stimulus packages. 5- November 2019 : Approximately +3% increase due to the U.S.-China trade war. 6- November 2018 : Approximately +1% increase after a few months of decline. 7- November 2017 : Approximately -2% decrease due to stock market growth and higher interest rates. 8- November 2016 : Approximately -7% decrease following Trump’s victory and market optimism. 9- November 2015 : Approximately -6% decrease due to anticipation of the Federal Reserve raising interest rates. 10- November 2014 : Approximately -5% decrease due to a stronger U.S. dollar and improving U.S. economy. 11- November 2013 : Approximately -4% decrease due to global economic recovery and the Fed's exit from its quantitative easing policies. Gold in November tends to be influenced by changes in monetary policy and economic conditions. Years with inflation or uncertainty saw increases, while years with economic recovery and rising interest rates experienced declines. But in general, there has been a downward trend, especially in the years when the US presidential elections were held. 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 4-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
3
Gold Analysis==>>Correction Time!!!Gold( OANDA:XAUUSD ) entered the Potential Reversal Zone(PRZ) , as I expected in the previous post . ( The Long position is closed. ) Gold is moving near the Upper lines of Ascending Channels . According to Elliott's wave theory , Gold is completing microwave 5 of microwave 5 of main wave 5 . So we have to wait for the CORRECTION . Also, Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to decline to at least the lower line of the ascending channel(Big) and the Support zone($2,686-$2,666) after breaking the lower line of the ascending channel(Small) . ⚠️Note: If Gold can form a 4-hour candle above $2,800, we should expect gold to increase and pump again.⚠️ 🔔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
HelenP. I Gold will rise a little and then drop to support levelHi folks today I'm prepared for you Gold analytics. A little while back, the price hit support 2, which matched up perfectly with the support zone. It spent some time trading in that area before it dipped down to the trend line. After that, it kicked off a nice rally, growing inside this pennant pattern, and soon came back to support 2. It broke through that level, shot up a bit more, and then made a small correction. After that pullback, Gold kept its upward momentum and hit support 1, which was another support zone. But then it reversed course and quickly dropped down to the trend line again. Once it hit that line, the price rebounded and broke out of the pennant, pushing up to support 1 once more. When it reached that level, it broke through and kept climbing higher. Now, I'm expecting XAUUSD to make a little move up before it takes another dip. My target is set at the 2685 support level, so I’m keeping an eye on that for the next move. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
8
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs. Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices. Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous. The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall. From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level. But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain. The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction. So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.
TVC:GOLDLong
by AntonyTP
1
Gold delivering excellent Intra-day opportunitiesFundamental analysis: The DX did approach the #104.500 Resistance zone (as I mentioned probability of Medium-term recovery ahead on DX few Months ago) but Gold remained more or less stationary on Hourly 4 chart, highlighting the strong Selling pressure it is under and evident Head and Shoulders pattern in full motion. Besides strong Selling Intra-day impulse, Gold found Buyers within #2,720’s many times which represents Higher High’s Lower zone where Institutional capital flew to Gold and Investors offloaded their Short-term Buying orders (as I announced many times), pushing Price-action once again towards #2,730’s, former multi-Month Resistance level. Constant Hourly 4 chart’s Bullish spikes and Bullish move in general had so far no further room to go, so I don't expect this consolidation to continue for more than #2-session horizon. My focus shifts to the DX numbers and Fed repurchase agreement negotiations which are in final phase, aswell to the ties of Gold with Bond Yields and DX, where Gold is attempting to find a equilibrium between the two. This indeed is not a good sign for those who want to Sell this market (most of Traders will) on the Medium to Long-term as the more prominent area for Sellers to arise is likely below #2,700.80 benchmark which is crucial re-Buy zone to rely on, having seen how well it held Price-action Lower or Higher in the past few weeks (current fractal). This is a cautious market at the moment. My position: I am utilizing Intra-day Buying and Selling Trading opportunities (Selling from #2,735.80 and Buying from #2,723.80 throughout yesterday's session successfully) and still keeping my both (#2.0 and #3.0 Volume) Medium-term orders with Stop on breakeven (#2,800.80 Target). Buying seems limited in most cases, I am still waiting for Selling confirmation as Gold is Trading under Selling pressure (however if you are not already priced in on your Selling order from #2,732.80 or above, now it is too late to pursue #2,700.80 benchmark as it is possible extension Intra-day. In light of the analysis above, keeping my Stop-loss wide on the next order may be the better path to take at the moment and sustain current Stop-loss hunts by Institutional Traders. If market closes below #2,714.80, Rising Wedge is invalidated to the downside as I can pursue #2,700.80 psychological benchmark and below with my Selling orders then. If case is opposite, then re-Buy zones are on main stage where I will continue operating by with. Keep in mind that current Price-action setting (changing almost on Hourly basis) is disastrous for small margins so those should keep away for now.
OANDA:XAUUSDShort
by goldenBear88
3
It is predicted that the price will continue to rise above 2,750Last week, gold prices fluctuated strongly, reaching a record high, but also encountered many difficulties in maintaining the upward momentum, causing experts to have mixed opinions on this week's price trend. According to a survey by Kitco News, the optimism of experts and investors has decreased significantly compared to last week, when only about 56% of experts forecast that gold prices will increase, 22% said that prices will decrease, and the remaining 22% hold a neutral opinion. Marc Chandler from Bannockburn Global Forex believes that gold prices may adjust in the short term. He said that current risks are tilted to the downside, especially if gold breaks the threshold of 2,700 USD/ounce, which could lead to strong selling pressure. Sharing the same opinion, Colin Cieszynski from SIA Wealth Management also forecasts that gold prices may decrease next week because there is no positive news from the BRICS conference for the precious metals market. He said that gold is facing a correction after previously increasing strongly. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2732 - 2734 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2742
OANDA:XAUUSDLong
by TheLeader_WOLF
GOLD 1H & 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart hitting two bullish targets 2730 and 2739 and one remaining at 2747, which will be further confirmed with ema5 lock above 2739. 1H CHART ROUTE MAP This 4H chart had ema5 lock above 2715 opening 2737, which was also hit perfectly completing this setup. A PIPTASTIC start to the week!!! We will now look for ema5 lock above 2737 to confirm the range above or failure to lock will follow with a rejection to test lower Goldturns for our reactional bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2737 (EMA5 LOCK ABOVE 2715 WILL FURTHER CONFIRM THIS) - DONE EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2760 POTENTIALLY 2779 EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2715 2693 EMA5 CROSS AND LOCK BELOW 2693 WILL OPEN THE FOLLOWING BEARISH TARGET 2669 EMA5 CROSS AND LOCK BELOW 2669 WILL OPEN THE SWING RANGE SWING RANGE 2640 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets. Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening. ⭐️Personal comments NOVA: Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2765 - $2767 SL $2772 TP1: $2758 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2730 - $2728 SL $2723 TP1: $2740 TP2: $2750 TP3: $2760 ⭐️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:XAUUSDLong
by Nova-Scalper
5
Risk aversion will make gold prices continue to rise!The current trend of gold is a unilateral bullish trend. In the trending market, long positions can not only gain greater profit margins, but also have a greater chance of winning if the retracement is small. But don’t regard it as a top just because the price is high and has retraced slightly. In the bullish trend, even if gold retreats, it will bottom out and rebound. The lower support for gold is around 2776, and the upper resistance is around 2793,2806.
TVC:GOLDLong
by Donald-trading-star
Gold prices are influenced by inflation risks and political.World gold prices decreased slightly when the USD index increased. Recorded at 9:15 a.m. on October 28, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,357 points (up 0.22%). Nine analysts participated in Kitco News' gold survey. Last week's near-bullish consensus has narrowed. 5 experts expect gold prices to increase this week, while another 2 experts expect the price of this precious metal to decrease. The remaining two analysts remain neutral on gold's short-term prospects. Meanwhile, 213 votes were cast in Kitco's online poll. The majority of Main Street investors believe that gold has an upward trend. 126 traders expect gold prices to increase this week. There are 47 people who expect precious metals to decrease. The remaining 40 investors said that prices will tend to move sideways this week. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2740 - 2738 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2748
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 . In detail, As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 . PARAMETERS - Entry: 2737.811 - SL: 2749.285 - TP: 2685.800 KEY NOTES - XAUUSD price is showing exhaustion. - XAUUSD broke our KL (Key Level). - The bullish structure has been broken. - Breaking above our SL would result in more upside. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket