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XAUUSD trade ideas

XAU/USD : Bull or Bear ? NFP's coming! (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as observed last night, gold dropped sharply from $2782 to $2731, creating a significant liquidity gap. As mentioned yesterday, the first key demand zone was between $2733-$2735, and once the price reached this critical zone, it was met with buying pressure, leading to a rebound of over 250 pips, taking gold up to $2757. Currently, gold is trading around $2752, with the NFP report ahead. If the NFP data comes in lower than the forecast, it could push gold to higher levels. Conversely, if the data is higher than expected, we might see further declines in gold. There’s no certainty here, so I prefer to observe rather than make any trades on gold today. Good luck, friends!
OANDA:XAUUSD
by ArmanShabanTrading
11
Gold- Where is the next 1k pips trade?As I've outlined in both written and video analyses on FOREXCOM:XAUUSD , I’m anticipating a substantial pullback in gold prices. Let’s look at this objectively: just as trees don't grow to the sky, neither does Gold. With a remarkable 2,000-pip rally over the last 20 days, the likelihood of a meaningful retracement is increasing. Each new high reached only makes a sharper pullback more probable. That said, I’m not rigidly fixed on one outlook. In yesterday’s analysis, I noted that a new all-time high seemed highly probable. Acting on this, I opened a small long position after observing a buildup consolidation just under the previous ATH, which I closed at 2770. The key question now isn’t whether gold will start pulling back, but rather where that pullback will begin. On the 1-hour chart, since the low near 2600 on October 10th, Gold has been trading within an ascending channel. Each time the price touches the upper boundary of this channel, it has reversed back down. Based on this behavior, I anticipate a similar reaction if gold approaches or slightly exceeds 2800, and I plan to fade any move above that level. In conclusion, for those looking at potential 1,000-pip opportunities, I believe the short side currently holds more promise. In the short term, a retracement toward 2700 seems more realistic than an extension to 2900. P.S: Looking at previous times when Gold has made ATHs, the reversal from the top has been more than 1000 pips.
OANDA:XAUUSDShort
by Mihai_Iacob
5
NF - the market becomes negative! XAU decrease⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) regain some ground on Friday, supported by uncertainty around the US presidential election and ongoing Middle East tensions, both of which increase demand for safe-haven assets. However, rising US Treasury yields and a stronger US Dollar (USD) could weigh on Gold. Traders are awaiting Friday’s October employment data, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings, for further direction. Strong results could reduce expectations for a softer policy approach by the Federal Reserve (Fed), potentially adding pressure on the non-yielding yellow metal. ⭐️Personal comments NOVA: After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2762 - $2764 SL $2767 scalping TP1: $2755 TP2: $2748 TP3: $2740 🔥SELL GOLD zone: $2788 - $2790 SL $2795 TP1: $2780 TP2: $2770 TP3: $2760 🔥BUY GOLD zone: $2712 - $2710 SL $2705 TP1: $2720 TP2: $2730 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
10
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted price to reject the high and give us the short into the red box defence during the early session levels 2730-35. We did get that move but it was achieved via the gap on open giving traders a couple of opportunities to take the long trade from the level following the path. We're yet to complete the first bullish target but we're on our way so we'll stick with the plan! Based on the structure and range at the moment we're not discounting another dip into the low but will look for pull backs into the 2735 region to hold to continue the move upside. Support 2735, resistance 2750 could give a reaction for the short scalp. Keep an eye on the red boxes, pinned below, they're working really well. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
THE KOG REPORT - Update End of day update from us here at KOG: Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want. Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today, as our updated from yesterday played out once again. After completing our targets yesterday, we stated that we were seeing the rejection back into the weighted Goldturn level 2717, which will either provide support for another bounce up or a cross and lock below to confirm the lower range. - No cross and lock below 2717, as a new Goldturn was created just above it, confirming the perfect rejection for the bounce into 2730. This followed with a new cross and lock above 2730 re-opening 2739 and 2747. 2739 was hit perfectly completing this target once again with 2747 left. Failure to complete the next target will see price retest the support below. As long as 2717 holds, we are likely to see the upper levels retested again . 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 2730 - DONE EMA5 CROSS AND LOCK ABOVE 2730 WILL OPEN THE FOLLOWING BULLISH TARGET 2739 - DONE 2747 - DONE BEARISH TARGETS 2717 - DONE EMA5 CROSS AND LOCK BELOW 2719 WILL OPEN THE FOLLOWING BEARISH TARGET BEARISH TARGET 2706 EMA5 CROSS AND LOCK BELOW 2706 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2692 - 2682 EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE SWING RANGE SWING RANGE 2673 - 2661 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
22
Gold collapse imminent? 7hr chartPrice action on Gold since August as shown on the above 7hr chart. A Euphoric rally in the last 3 months has Gold bugs jubilant in celebration with a record 48% win from September 2011 (Ignore the 480% return of the S&P 500 in the same period). There are now messages aplenty calling for $5k and beyond. Who knows. One thing I do know, a common theme throughout the messages, people are euphoric. Market tops print with euphoria. Now this idea is not about who is wrong or who is right, congratulations if you've made a profit. The point of the post is to make sure profits are realised. A profit on paper is not a win and the bubble may now be about to pop. 90% of folks long on gold will not collect the recent gains. Why might the party be about to end? A few reasons.. 1) Price action support is broken. This is also true for RSI. 2) Throughout history RSI above 80 on the 3 week chart (below) has been a warning shot for extreme overbought conditions. Look left. Corrections between 20% and 50% are recorded. 3) Price action is at historical macro resistance (see 2 month chart below). Is it possible this time is different? Sure. Is it probable? No. Ww 3 week 2 month
OANDA:XAUUSDShort
by without_worries
27
Gold Price Analysis October 31Fundamental Analysis The US Dollar (USD) attracted some buying on the dip and now appears to have halted its corrective slide from three-month highs amid bets on a slower pace of rate cuts by the Federal Reserve (Fed), supported by strong economic data. This, coupled with concerns over the growing US fiscal deficit, continued to push US Treasury yields higher and limited the upside in the non-yielding yellow metal as it remained mildly overbought on the daily chart. Traders also appeared reluctant to place fresh bullish bets on Gold, opting to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. In addition, the closely watched US Non-Farm Payrolls (NFP) report on Friday will be looked at for clues on the Fed's interest rate outlook, which will boost demand for the precious metal. Technical Analysis After a strong reaction around 2771, the session port zone was formed and is the immediate support level today for gold prices to react. 2756-2758 is noted in the area after which is a notable break point. In the resistance direction, SELL orders are not very favored. Ahead is the ATH level 2789, which is not too trustworthy, the second level around the port in 2799-2801. With the next resistance point, pay attention to the psychological level 2810. Wish everyone a successful trading with my analysis.
OANDA:XAUUSD
by TVS-Trader
9
Gold Hits New All-Time High Amid Market SpeculationGold Hits New All-Time High Amid Market Speculation Gold has once again reached a new all-time high, breaking through the previous level to nearly $2758.50, dating back to October 23, 2024. Today's market movement is heavily influenced by speculation related to US JOLTS data and the upcoming NFP data release on Friday. However, this new bullish wave seems unusual under normal conditions, as the market appears to be entirely positioned on the bullish side. One observation is that gold didn't react immediately to geopolitical tensions, such as Iran's attack on Israel, but moved days later when no significant events occurred. Similarly, despite Israel's retaliatory attack on Iran over the weekend, gold remained static initially but is moving today. It seems that US jobs data holds more sway over gold prices than the ongoing conflict in the Middle East. This situation appears manipulated and lacks technical clarity, raising doubts about the reliability of technical analysis in gold trading. Technical Analysis: If GOLD stays above 2758.50 it could rise as shown on the chart. If the price breaks back below 2758.50, it will increase the chances of a false bullish breakout and we could see some big crash. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSD
by KlejdiCuni
5
Is the Gold Rally Over? Preparing for the Next Wave of SellingSince the beginning of the week, I've been making the case that Gold's recent move has become overextended, and that complacency in the market often precedes strong reversals. This type of overconfidence, where traders believe the uptrend will continue indefinitely, can lead to sudden and sharp corrections when sentiment shifts. Indeed, after reaching yet another all-time high at 2758, OANDA:XAUUSD began to pull back. Once it broke below the key support level of the rising channel, the downward momentum intensified, leading to an accelerated sell-off. This drop culminated in an intraday low of 2708—an impressive 500-pip decline from top to bottom. Looking ahead, in my view, this correction is not over yet. I believe we are likely to see a new wave of selling pressure in the coming sessions. The market may experience brief rebounds or retracements, but these should be seen as opportunities to position for further downside. My strategy moving forward is to sell into this rebound, with negation if we have a new ATH. Until that happens, the primary target for this move remains the 2680-2690 support zone, which could provide a more substantial floor for the price in the near term.
OANDA:XAUUSDShort
by Mihai_Iacob
10
HelenP. I Gold can grow a little and then rebound downHi folks today I'm prepared for you Gold analytics. In the chart we can see how the price declined to trend line and then started to grow inside pennant. In this pattern, price some time rising near trend line and later rebounded to the support zone, which coincided with the support 2. Then price made correction, after which continued to move up and soon broke the support 2, after which rose until to resistance line of the pennant. Then Gold turned around and started to decline and quickly fell to the support 2, which coincided with the trend line and then rebounded. Price made a gap and then exited from the pennant, after which continued to move up to the support 1, which coincided with one more support zone. Soon, Gold broke this level, rose a little and made retest, after a breakout. After this movement, price rebounded and continued to move up, and now trades close 2790 points. So, in my mind, XAUUSD will reach 2795 and then start to decline to 2715 support level, which I set my goal. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
GOLD - Price can little correct and then bounce up to $2825Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Not long ago, price bounced from $2665 support level and fell below it, after which it started to grow inside rising channel. In channel, Gold broke $2665 level one more time and later rose to resistance line of channel, after which made little move down. Then Gold rose to $2755 level, after which bounced down to support line of channel and then continued to grow. Later price made a gap, after which fell back to support line and then bounced up, breaking $2755 level. Price a little rose, after which it started to decline, so, in my opinion, Gold can little decline. After this movement, price can turn around one more time and then start to grow to $2825 resistance line of channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
XAU/USD : The Next Target is $2743.7 , Why ? (READ THE CAPTION)By analyzing the gold chart in the 15-minute timeframe, we can see that the price is currently trading around the $2734 level. At the moment, the $2728 to $2730 range has become a key support zone for gold. Given that a liquidity pool has formed around the $2738.5 level and another one above $2740, I expect the price to move toward higher targets, maintaining the current support. Soon, we should see gold rise to the main target of $2743.7! Keep a close eye on how the price reacts to these levels. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
74
XAU/USD : Bull or Bear ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last night the price dropped to $2708. As I mentioned, due to the sharpness of this drop, I expected the liquidity gap created by the decline to be filled quickly. We saw the price rise from the $2708 demand zone up to $2739, and it is currently trading around $2736. Pay attention to the $2732 to $2735 range, as it is a key demand zone. If the price can hold above this level, we will likely see further growth in gold. However, if this important support zone fails to hold back the decline, we could potentially see a further drop with the first bearish target at $2727. In case of continued growth (Scenario 1), the targets will be $2739.5, $2741, $2743.5, $2748, and $2755, respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
20
XAU/USD Weekly Forecast: Key Market Reversal Zones1. Wyckoff Phases and Key Levels: Phase A (PSY & ST): Preliminary Supply (PSY) marks the area where early sellers start pushing prices down. The Selling Test (ST) occurs as buyers and sellers test the supply. These phases lay the groundwork for a potential accumulation or distribution phase. Phase B (B, AR, Creek, LPS, UT): In Phase B, B and Automatic Rally (AR) represent the initial support and resistance levels. This is followed by a "Creek" or resistance line where price often consolidates below. LPS (Last Point of Supply) and UT (Upthrust) within this phase mark the highs where the price struggled to maintain upward momentum, indicating potential supply zones. The SOS (Sign of Strength) signals the market's strength, potentially leading to Phase C if buyers continue. Phase C (Shakeout): This phase includes a sharp Shakeout where weaker hands are pushed out. This liquidity grab sets up the final push upward. Phase D and E: In Phase D, we observe a final markup with Higher Highs (HH) and Higher Lows (HL) leading into the top where sellers might step in strongly for a distribution phase. This phase concludes in Phase E if a downtrend is established. 2. Elliott Wave Structure: The primary wave count shows completion of Wave 5 at the top. Based on Elliott Wave Theory, this could mark the end of the upward impulse cycle, suggesting the start of an ABC correction pattern. Wave A: The initial corrective leg downward is expected, which aligns with potential selling pressure in Phase D. Wave B: After Wave A, a minor retracement upward could occur as a corrective pullback before continuing the downward correction. Wave C: The final leg of the correction, Wave C, may complete the structure, allowing buyers to re-evaluate for potential long opportunities. 3. Supply and Demand Zones (Smart Money Concepts - SMC): Supply Zone: Located near the highs of the chart, marking resistance and a significant level where institutional sellers may re-enter. Demand Zone: This area is closer to the lows around the PSY and ST. If price moves down, these levels will act as support where buying interest could return. Break of Structure (BOS): Key BOS levels signal structural shifts where the market confirms a new trend direction. Watching for BOS on lower timeframes can indicate smaller trend reversals within the larger correction. 4. Key Levels and Trading Plan for Next Week: W Close Level: This week’s close level will be important for planning trades. If the price remains below this level, we could favor short setups. Invalidation Points: High Invalidation (1W): Located at the top of the wave structure; breaking this would invalidate the bearish setup. Low of the Range (PWL): If the price closes below this low, it would strengthen bearish sentiment. Potential Trade Setups: Sell Setup: If price re-tests the high zones but shows resistance or bearish confirmation, short positions can be initiated with stops above the invalidation level. Buy Setup: If price retraces to demand zones and shows a reversal, there could be potential long setups. A buy setup would look for evidence of absorption of supply before re-entry. 5. Macro Events and Sentiment Analysis: Next week, key economic events (such as Fed announcements or US economic data releases) may influence the USD, which in turn affects XAU/USD. Hawkish Fed sentiment could strengthen the USD, pressuring XAU/USD lower, while dovish sentiment could support a rally in gold. Daily Monitoring: Track price action near the Creek and Supply Zone for early signs of buyer weakness or seller strength, especially leading into economic events. Summary: Bearish Bias: As long as the price remains below the high invalidation point, the outlook leans bearish, expecting a corrective structure. Key Levels: Watch for reactions at high and low invalidation points as well as around BOS zones for early trade entry signals. Events Impact: U.S. economic releases and Fed communications are expected to create volatility, particularly in line with price action around key resistance/support areas.
OANDA:XAUUSDShort
by spacedevil
9
MARKET NEXT CORRECTION AREASAdditionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a deeper correction to $2,685 before buyers re-enter the market In the current gold market, analysts expect a potential retracement following a significant rally, reaching near all-time highs driven by geopolitical uncertainties and Federal Reserve rate cuts. Gold has been hovering around resistance points in the $2,700-$2,800 range as October progresses, and technical indicators suggest possible corrections due to overbought conditions. Specifically, gold’s Fibonacci support level around $2,733 could mark a key area for short-term pullbacks, possibly to $2,700 or lower, before an anticipated continuation upward in Q4 due to seasonal patterns
OANDA:XAUUSDShort
by BELLATRIXFX
3
Gold Price Technical Analysis (XAU/USD) Ascending Channel: Gold is moving within a clear ascending channel, showing a strong bullish momentum. Price has respected both the upper and lower bounds of the channel multiple times, confirming this structure. Support and Resistance Zones: Immediate Resistance at $2,747: This level, marked by a previous price peak, could act as a resistance. A breakout above could lead to further bullish movement. Current Trend: The price is nearing the top of the channel, suggesting either a potential breakout or a retracement towards the lower bounds of the channel. Potential Scenarios: Bullish Case: If the price breaks above $2,747, we could see a continuation of the bullish trend with higher price targets.
OANDA:XAUUSDLong
by melikatrader94
9
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 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:XAUUSDLong
by Nova-Scalper
4