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XAUUSD trade ideas

THE KOG REPORT - UpdateEnd of day update from us here at KOG: Quite pleased with the outcome of today, the levels held well, the red boxes worked well, KOG's bias also worked well and on top of that the red box target worked well! We got a reaction after completing the bullish target and we're now sitting 2720 support which is holding us up. We would suggest those short protect and manage their trades and look for the 2730-35 level as a key level which needs to hold us down in order to complete the move. We'll stick with the plan for now, knowing the entries are safe if you took them from where we suggested. If we break back above 2735 the opportunity comes from higher up, ideally we want lower to get better entries for the long. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
Short gold bravelyBros, I have been optimistic about shorting gold in the past two days. Today, I shorted gold near 2730 and closed the order at 2720, making a profit of 100 pips, which is relatively a good profit. At present, gold has rebounded to around 2730 again, but judging from the strength of the rebound, it is expected that the rebound space of gold will be relatively limited, and the short-term resistance is in the 2730-2735 area. So for short-term trading, I am still optimistic about shorting gold. I think gold will at least try to test the 2705-2700 area. Bros, fuck the bull market, let's sell gold happily together!
OANDA:XAUUSDShort
by Trading-Hawkeye
1
Gold is surging while Crude Oil is laggingHere is a ratio chart of Gold OANDA:XAUUSD and Crude Oil $USOIL. Historically you can see it goes to extremes. Especially in 2020 when crude oil went to zero (and negative). I cut that spike out of the chart so hopefully it shows here. When the Global Financial Crisis in 2008-2009 hit, crude oil hit $140 and gold was low which set up the bottom of this chart on the lower-left. Crude was expensive and gold was cheap. The opposite happened during Covid when crude plunged and gold stayed relatively calm. These are generational trades that can make traders rich but they take too long for the average small investor to stay focused and take advantage of these setups. With Gold now at the upper end of the range of this ratio, it is time to start looking elsewhere to protect your wealth. Can this ratio continue higher? Yes, of course. I point it out as a starting point for your trading. If you are just getting long gold up here now, you need to understand where the historical range is for this ratio and decide if you want energy to keep you warm and let you travel or do you want a store of money. It is always a trade-off between the two. You can't live with only one of these commodities. Cheers. Tim 12:33PM EST, October 22, 2024
OANDA:XAUUSDShort
by timwest
3
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we suggested traders protect and manage their short trades as there were signs of price attempting the retest of the high. We also had a bias level target this morning of 2740 and above that 2745 which are both now complete. Again, we don't want to long here so we've circled potential RIP zones above which are levels to look out for if anyone wants to test the short trade. Support stands at 2735 with resistance 2747 as we await the close of the daily. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01. Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory." Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs. ⭐️Personal comments NOVA: After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2760 - $2762 SL $2767 TP1: $2750 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2730 ⭐️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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418
GOLD / Bearish Continuation GOLD Analyze The price dropped and still running to touch 2712 and then should break 2706 will touch the next support station 2695. The direction will consolidate between 2729 and 2712 till breaking Bearish trend: should stabilize under 2721 to drop quickly, but if closed below 2729 means will drop gradually with some retest toward 2738 Bullish Trend: Gold should stabilize above 2732 to get 2738 and then should close the 4h candle above 2738 means will be bullish toward 2748 and 2758 Key Levels: Pivot Point: 2721 Resistance Levels: 2732, 2740, 2758 Support Levels: 2712, 2697, 2685 Trend Outlook: Bearish while under 2721
OANDA:XAUUSDShort
by SroshMayi
10.25 gold Asian market analysis ideas! !! !!Yesterday, gold began to fluctuate and rise in the early trading, and continued to rise in the European trading, reaching a high of around 2743 in the US trading. Then the market was blocked and fell. After dropping to around 2722, it rebounded to above 2730 in the late trading and fluctuated. The daily line closed with a positive line, and gold once again stood firm at the 2730 line. On the daily line, there was a single negative decline correction on Wednesday, and a volatile rise on Thursday. There was still some resistance to falling in the short term. At the opening of today, the gold price was above the moving average. In the short term, we will first pay attention to the 5-day moving average, which is currently located near 2730. As long as it stands firmly at 2730 today, gold will definitely continue to rise. First pay attention to the resistance near yesterday's high point of 2743, and then pay attention to the resistance near the current high point of 2758. If it continues to break through the high, we need to pay attention to the 2768 pressure level. 2768 is the current resistance position after the extension of the high point line of July 17 and September 26. In terms of intraday operations, it is still mainly low-long. In terms of geopolitical situation, US Secretary of State Blinken said on Thursday that the United States does not want Israel to carry out protracted military operations in Lebanon. At present, all parties are working hard to hold new negotiations on the ceasefire and hostage agreement in Gaza. In terms of economic data, the number of initial jobless claims in the United States last week released on Thursday unexpectedly fell, but the number of continued jobless claims in mid-October rose to a nearly three-year high, suggesting that it is becoming increasingly difficult for the unemployed to find new jobs. The influence of various aspects has also further promoted the upward trend of gold. Although gold fell back on Wednesday, it still rose sharply the next day. The price is expected to break a new high again, and it is far from the target level at present. Support level: 15 Resistance level: 35————45
TVC:GOLDLong
by David_strategy
1
XAUUSD Short term correction is in order.Gold / XAUUSD is extending the August Channel Up, having priced yesterday the latest Higher High on a +6.00% increase from the bottom. This is the start of the technical short term pull back of the Channel. The 1day MA50 hasn't been broken yet, so the price is still high enough for a good short. Target the 0.382 Fibonacci retracement at 2700, which is where the last two pull backs found bottoms. Previous chart: Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDShort
by TheCryptagon
2
XAU/USD Outlook: Technical Key Resistance in Focus.1. Elliott Wave Theory: Wave Analysis Wave 5 Completion (Top of Impulsive Move): End of Wave 5 marks the peak of the bullish phase, followed by a corrective move (ABC correction). Wave 5 Targets and Invalidations: Expected completion around 2,749 - 2,750 (resistance zone). Further upward movement could trigger profit-taking, invalidating further upward thrusts if price breaks below 2,742. Wave 4 Retracement Level: Key Fibonacci levels: 0.34 (2,707.143) and 0.382 (2,707.749). Price reversal after Wave 5 could retest these levels as a critical buy zone. 2. Wyckoff Method: Distribution and Range Structure Distribution Phase: Smart money is preparing to offload positions, leading to markdown in prices. Phase A to Phase B: Phase A (Initial Selling Pressure): Signs of distribution occur; strong resistance met. Phase B (Distribution): Establishes a range with Upthrust (UT) and Upthrust After Distribution (UTAD) leading to false breakouts. Preliminary Supply (PSY): Key resistance area where institutions sell, creating initial downward pressure. Automatic Rally (AR): Price rebounds within the range, marked around 2,718.091 (support line if market turns bearish). Sign of Weakness (SOW): Early indication of the distribution phase completing; marked near Wednesday or Thursday. Phase C (Expected Breakout): Final test or false break of resistance (UTAD) before a sharper decline. 3. Smart Money Concepts (SMC): Market Structure and Liquidity Change of Character (CHoCH): Potential shift from bullish to bearish expected next week after breaking highlighted structure level near AR. Market Structure Break (MSB): Expected below PSY and AR levels, confirming distribution. Liquidity Grab & Trap Setup: Areas highlighted for liquidity grabs around upthrust points (UT), likely early in the week with potential sharp reversal around 2,750. 4. Key Technical Levels & Patterns Upper Resistance Zone: 2,742 - 2,750 area serves as strong resistance; potential for false breakout (upthrust). Strong sell-off expected if price fails to hold above 2,742. Support Levels: 2,718.091 (AR Distribution Line): First significant support; break confirms markdown phase. 2,707 - 2,700 (Wave 4 Retracement Levels): Critical support for bullish bounce; breach leads to significant decline. Lower Target Levels: Expect price to reach 2,645.655 and potentially 2,638.105 after markdown. 5. Time-Based Projections Monday-Tuesday (Range-Bound, Liquidity Grab): Price may test liquidity above the UT area, hitting 2,742-2,750 range with potential false breakout. Wednesday (Sign of Weakness in Phase B): Price expected to weaken, testing AR levels, signaling a bearish market structure. Thursday-Friday (Bearish Breakout Expected): Anticipate a decisive break lower, entering Phase C and marking clear distribution. 6. Risk Management Strategy Invalidation Point: Bullish scenario invalidated if price breaks and closes below 2,707. Stop-Loss Placement: For short positions, place stop-loss above 2,750 to avoid traps. Take-Profit Zones: First target at 2,718, further downside at 2,645. Next Week’s Trading Plan Short Setup: Look for selling opportunities around 2,742-2,750, especially after false breakouts or upthrusts. Use SOW and CHoCH to confirm bearish entries. Target Levels: Expect price drop to 2,718, followed by 2,707 and possibly 2,645 if markdown is strong. Timing: Watch for reversal around midweek (Wednesday-Thursday) when bearish momentum likely takes control.
OANDA:XAUUSDShort
by spacedevil
2