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XAUUSD trade ideas

XAU/USD: Ready for a Pullback!The price of gold (XAU/USD) has recently retreated from an all-time high of around $2,560 and is currently trading slightly below $2,720, complicated by the strength of the US dollar and rising US Treasury yields. Technically, the $2,750 level has shown signs of rejection, making it a key resistance, while immediate support is located at $2,725, near the lower boundary of a two-week ascending channel. A convincing break below this support could trigger technical selling, pushing the price down toward $2,700 and subsequently to $2,680-2,675, where the 100-period simple moving average resides. Despite overbought conditions and pressure from the dollar, political uncertainty and the risk of escalating tensions in the Middle East continue to support demand for gold as a safe haven. That said, gold seems poised for a correction toward $2,675, and we will see in the coming days if it gives us a signal for a short entry. Good evening and happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
GOLD eased slightly from new era highsContinuing to be influenced by the approaching US presidential election and the increasingly new conflict in the Middle East, along with other conflict risks in the Asian region have boosted OANDA:XAUUSD continues to be the top haven asset refreshing to new all-time levels. A Reuters/Ipsos poll shows Democratic Vice President Kamala Harris leading former Republican President Donald Trump by a slim margin, 46% to 43%. Strong buying activity by central banks and expectations of US interest rate cuts have also supported gold's 33% increase this year. Fed officials continue to weigh in on the future, with Jeffrey Schmid favoring a slower pace of rate cuts and Mary Daly predicting deeper cuts. Citigroup raised its three-month price forecast by 3.7% to $2,800 an ounce on expectations that continued labor market weakness will boost demand. Israel and its rivals Hamas and Hezbollah have vowed to continue fighting in Gaza and Lebanon, leaving little hope for a solution to the ongoing conflict in the Middle East. Rising geopolitical tensions often cause investors to flock to safe-haven assets such as gold as a "bunker" against risk and uncertainty in global markets. In the context of geopolitical and economic instability, gold is considered a safe haven tool to hedge risks, and lower interest rates also increase gold's investment appeal. Gold is up more than 33% this year and has renewed all-time record highs multiple times. Analysis of technical prospects for OANDA:XAUUSD Gold has not yet broken the price channel with the upper edge confluent with the price channel and this is considered the most important resistance currently. Gold is down a bit from the aforementioned confluence but overall in the interim it can only be seen as a weak correction signal, with the Relative Strength Index pointing down without breaking the 75 level, if the RSI turns down Below level 75 it will send a clearer signal for a correction towards the 50 area. Temporarily, gold's decline should only be considered a short-term correction, technical conditions still support the possibility of price increases. However, in case gold falls below the 1% Fibnonacci level it would be a good signal for a possible further correction with a target then around $2,721 and more to the $2,711 Fibonacci level. 0.786% expansion. During the day, the bullish prospect of gold prices with technical correction cases will be noticed again by the following price points. Support: 2,721 – 2,711 Resistance: 2,748 – 2,750 SELL XAUUSD PRICE 2767 - 2765⚡️ ↠↠ Stoploss 2771 →Take Profit 1 2760 ↨ →Take Profit 2 2755 BUY XAUUSD PRICE 2709 - 2711⚡️ ↠↠ Stoploss 2705 →Take Profit 1 2716 ↨ →Take Profit 2 2721
OANDA:XAUUSDLong
by Xayah_trading
1
XAUUSD: Sell ​​above 2756Today, gold prices rose to around 2758 before retreating. From previous trends, there is support around 2748, and the 2743-2738 range is also significant. Currently, the market structure is not favorable for bulls, making support crucial. In terms of trading strategy, I am leaning towards short positions today, with a key entry point at 2756, which I shared yesterday, and an additional position in the 2760-2764 range. If the price breaks below support directly, we may need to adjust the strategy and consider going long around the main support levels, but the target should be kept modest, ideally within $6. Additionally, there will be news releases half an hour before the New York session, which could have a substantial impact on the market, so please pay close attention while trading.
OANDA:XAUUSDShort
by Mia-Signal
XAU / USD 4 Hour ChartHello traders. Taking a look at the 4 hour chart I have marked my areas of interest for potential scalp buys / sells. We have news tomorrow so I am in no hurry to rush or force a trade. The NY open should give us some direction today, with lower time frame confirmations, to possibly get in on a good buy or sell scalp trade. Let's see how this current 4 hour closes. I will post a lower time frame chart if I take a trade. BIg G gets a shout out. Be well and trade the trend.
OANDA:XAUUSD
by musclemilk0075
2
GOLD recovered after adjusting from the target levelOANDA:XAUUSD recovered after a correction since reaching the reader attention target increase in previous issues at 2,741 USD. Gold soared to a new all-time high on Monday hitting $2,740.60 an ounce. Uncertainty over the US presidential election and war in the Middle East have contributed to gold's rally, which has been fueled by expectations of lower Fed interest rates. Gold prices have risen this year and have consistently hit record highs, a recovery that has accelerated over the past few months as the Federal Reserve moved to cut interest rates. Worsening tensions in the Middle East and upcoming US elections are also increasing demand for gold as a safe-haven asset. Citi Research raised its three-month gold price forecast in a report on Monday, citing a possible continued slowdown in the US labor market, interest rate cuts by the Federal Reserve and increased gold purchases. physical and ETF funds. The bank raised its 3-month gold price forecast to $2,800 from $2,700 previously and said its 6- to 12-month gold price forecast is $3,000. Specifically, the report said: “We note that despite weak retail physical demand in China and rising US interest rates, gold and silver have performed very well since the Fed cut interest rates by 50 points. basis last month and nonfarm payrolls exceeded expectations.” According to the latest Washington Post poll, Republican candidate Trump and Democratic candidate Harris are still tied in 7 important states. However, on core issues such as the economy, inflation and immigration, Trump's approval rating is higher than Harris's. A Trump victory would mean a completely different story, with more taxes and restrictions likely to negatively impact inflation, forcing the Fed to abandon its current loose monetary policy, meaning If Trump wins the election, it is likely that the USD will strengthen again and gold will come under significant pressure. Regarding the situation in the Middle East, according to local authorities, Israel conducted air strikes across Lebanon at night, targeting Hezbollah's financial activities. "We will continue to fight Iran's proxies until the country collapses," said Israeli Foreign Minister Israel Katz. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, after adjusting from the target increase of 2,741 USD, gold recovered when approaching the nearest support level at the Fibonacci extension level of 0.786% price point of 2,711 USD. The current recovery is significant and is once again close to the key technical level at $2,741, the $2,741 level being the confluence of resistance of the upper channel edge and the 1% Fibonacci extension. If gold breaks above $2,741 it will be primed for a new bull run ahead, and indeed the target after gold breaks $2,741 is not to be found beyond round price points like 2,750 – 2,800 USD. During the day, structurally and the short-term trend remains unchanged to the upside with upward momentum remaining very strong as the Relative Strength Index points steeply upward without any signs of a bend or heading down from the overbought area, although the room for price increases is no longer large, there will still be enough motivation for shock increases (short and strong) before adjusting downward. The upward trend in gold prices on the daily chart will be noted by the following technical points. Support: 2,711 – 2,700USD Resistance: 2,741 – 2,750USD SELL XAUUSD PRICE 2762 - 2760⚡️ ↠↠ Stoploss 2766 →Take Profit 1 2755 ↨ →Take Profit 2 2750 BUY XAUUSD PRICE 2694 - 2696⚡️ ↠↠ Stoploss 2690 →Take Profit 1 2701 ↨ →Take Profit 2 2706
OANDA:XAUUSDLong
by Xayah_trading
Precision Strike: Gold Bearish Trend on the Verge of UnfoldingNo need for excessive explanation—the current gold market trend is clear, and a pullback is imminent. I am confident that now is the ideal moment to go short, focusing on swift, accurate, and decisive moves. With bearish positions already in hand, we are well-prepared for a significant price drop. Technical Analysis: The hourly chart for gold has displayed a strong bearish movement. The large bearish candlestick has decisively engulfed the previous bullish candlestick, forming a classic "bearish engulfing" pattern. From a technical perspective, the price will inevitably revert to the moving average. After an extended rally, gold is showing signs of exhaustion, and this single bearish candlestick has shattered the current strength, signaling a major reversal. With the bearish momentum building, a short position around the 2755 level after a rebound is highly recommended. Fundamental Analysis: Additionally, there will be several bearish factors in the news today supporting further downside movement for gold. Therefore, for short-term traders, maintaining a bearish bias is advised to capitalize on the market’s downward momentum.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Selling gold price is the best timeOvernight, gold prices reached a new high, resulting in substantial profits for long-position traders. Market participants who responded to the news and utilized effective strategies achieved significant gains. Market Trend Analysis: Currently, gold prices have entered an overbought zone, facing considerable short-term pullback pressure. Additionally, geopolitical tensions have eased, providing more volatility opportunities for the market. In this environment, short-selling is undoubtedly the more prudent choice. Over the past month, we have consistently delivered precise rapid trading strategies, with participants achieving at least four notable profit opportunities each day. Current Market Conditions: The spot price of gold is $2757. The strategies are as follows: Short-sell when the market reaches $2765-$2770; Go long when the market falls to $2749-$2744. Trading strategies and signals are time-sensitive, so please stay tuned for the latest updates to capitalize on optimal trading opportunities. OANDA:XAUUSD OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
OANDA:XAUUSDShort
by George_parse
1
Gold bullish trendCurrently, we are in wave 3 of 3, which I anticipate will complete at 2735. We need to wait and trade the corrective wave 4, which is targeted at 2712 - 2708 . From 2708 to 2712 is a good area to begin buying to complete wave 5 from 3. in my view final target for wave 5 from 3 is 2745 -2752 . The level of 2708 is important, we need confirmation below this level to reach 2698-2695 again. and start buy to complete wave 5. The invalidation level for this scenario is 2684 . Please be mindful of high-risk management. HINT : The total government debt of the United States is anticipated to hit $40 trillion in the latter half of the next year, which suggests a continued increase in the prices of gold and silver.
TVC:GOLDLong
by Ibrahim1984
The Upcoming US Election and Gold’s Record Highs Voters in the United States (US) head to the polls on 5 November to elect their next president. The 60th US Presidential election is shaping up to be a tightly contested race between Kamala Harris and Donald Trump, with current polls unable to point to a clear-cut winner. In the midst of ongoing campaign efforts, Gold has remained a clear outperformer, garnering global attention from both investors and market commentators. Candidates Neck-And-Neck As Election Day Nears According to ABC News/538’s latest national polling averages, as of 22 October, Harris maintains a narrow lead over Trump with 48.1% vs 46.4%. Additionally, a poll published by The Washington Post on Monday revealed that approximately 47% of registered voters would ‘definitely’ or ‘probably’ vote for Harris, while 47% stated the same for Trump. The races in the battleground states – Pennsylvania, Michigan, Wisconsin, North Carolina, Georgia, Nevada, and Arizona – are particularly intense, with no candidate maintaining a decisive lead. According to ABC News, the margin between Trump and Harris is two percentage points or less in all seven major swing states. Pennsylvania, with its 19 electoral votes, is a crucial battleground that could determine the outcome of this year’s election. With nine million registered voters, the state typically leans Democratic, having voted for the winner in every presidential election since Barack Obama in 2008. In 2016, Donald Trump won Pennsylvania by just 45,000 votes, while Joe Biden secured the state in 2020 with a margin of approximately 90,000 votes, translating into a one-percentage-point victory. Quantus Insights’ latest Pennsylvania survey, conducted between 17 and 20 October, again points to a very tight race, with Trump leading Harris by two-percentage points (50% vs 48%). The upcoming days will be crucial as both candidates ramp up their campaigns in the swing states, which may ultimately shape the election's outcome. Increased Uncertainty; Gold as a Safe Haven US elections are unquestionably among the most significant events for global financial markets. The occupant of the White House directly influences the direction of the US's economic, fiscal, and monetary policies, as well as its foreign relations – factors that are key drivers of market sentiment. Amid growing uncertainty surrounding the US election outcome, gold – a widely recognised safe-haven asset – reached record highs of $2,758 per ounce. This surge is supported by escalating tensions in the Middle East and expectations of further policy easing from the US Federal Reserve, with investors currently pricing in 44 basis points of rate cuts by year-end. Historical Relationship Between Gold, Politics and Economic Landscape Fluctuations in the price of Gold are nothing out of the ordinary for markets and investors. While Gold prices often experience shifts during US election periods, geopolitical events and economic indicators – particularly inflation and unemployment metrics – along with changes (or expectations of a change) in interest rates also impact the price of the yellow metal and its appeal as a safe haven. During Jimmy Carter's presidency from 1977 to 1981, the price of Gold increased by an impressive 326%. In contrast, while Ronald Reagan was in office from 1981 to 1989, the price of the precious metal dropped by 26%. Some analysts argue that the price spike during Carter’s term was a continuation of an upward trajectory which began in 1971 when President Richard Nixon terminated the Gold standard (i.e., the direct international convertibility of the US dollar to Gold) in response to increasing inflation, as well as geopolitical uncertainty brought on by the Cold War. As the US economy recovered and negotiations began with the Soviet Union during the Reagan administration, the price of Gold decreased by almost 50% between the start of his first and second terms. When Barack Obama left the White House in 2017, the prices of Gold and Silver were up by 40% and 50%, respectively, compared to when he took office eight years earlier. Following concerns over the US debt ceiling and fears of the government defaulting on its debt obligations in 2011, Gold surged to US$1,895 – 122% higher than Obama’s first day as president. During Donald Trump’s presidency, and given the economic fall out of the Covid-19 pandemic, the precious metal’s price hit an all-time high of over US$2,000 in August 2020, marking a 72% increase from his first day in office. Gold Bulls Continue to Outperform Despite Overbought Signals Gold has powered higher this year, climbing 34% year to date and recently refreshing all-time highs of US$2,758. The precious metal is on track to pencil in its largest one-year gain in 14 years. While Gold’s rise is noteworthy, longer-term action signals trouble could be ahead. The monthly chart’s Relative Strength Index (RSI) is closing in on an area of resistance between 87.02 and 83.87; historically speaking, the momentum oscillator has turned south every time it has reached this zone since 2008. Another technical observation worth considering on the monthly scale is the convergence of projection ratios at current price. At US$2,723, a 100% projection ratio is present (harmonic traders will recognise this as an AB=CD resistance pattern), which is closely connected with a 1.272% Fibonacci projection ratio at US$2,777 (an ‘alternate’ AB=CD resistance). Meanwhile, price action on the daily chart shows that Gold is colliding with channel resistance, extended from the high of US$2,531. In addition to potential resistance forming on the monthly timeframe between US$2,777 and US$2,723, adding weight to the daily ascending line is the possibility of a negative divergence signal from the RSI on the daily chart. The combination of monthly and neighbouring daily resistance, along with the RSI signalling upside momentum could slow, may be enough to prompt some profit-taking. That said, the underlying drivers remain strong in this market for now. As a result, while a reaction from said resistances could materialise, it is unlikely to gain much following. A breakout higher, on the other hand, swings the pendulum in favour of further outperformance, potentially as far north as US$3,000.
FPMARKETS:XAUUSDLong
by FPMarkets
GOLD BUYING MORE AFTER BREAKOUT hello traders as i can see Gold is shining more day-by-day investors are not missing any dip Geopolitical issues are showing us more demand of safe haven in market and technically charts always talk if anyone can read correctly, we can see a fib retracement on GOLD to 0.382 and holding a uptrend line zone now if it breaks last ATH then we can see these new levels on gold before the elections US Economy is shrinking day by day weaker labor markets and more war geopolitical pressure which boost the demand of safe haven GOLD our risk rewards is grt on this trade make a proper analysis before taking any trade it a trade idea by trend and technical view Stay tuned for more updates
OANDA:XAUUSDLong
by APEX_TRADING_ACADMEY
1
Gold long resultsGold long targets 1 2 done 150% Lev x 100 30% lev x 20 Congratulations followers the secret behind these results: the best indicators the best entry points. do you want to discover it, and be profitable? you have to learn, tireless. You have to make sacrifices to be a good trader: dedicate time, invest money, win some, lose some, invest money to train, you must never be discouraged.You must learn to one day be a winner and financially free. you will love trading with me
CAPITALCOM:GOLDLong
by RODDYTRADING
Gold's Reversal Signals: Why I'm Watching for a Drop Below 2700?Yesterday, I mentioned that a correction in OANDA:XAUUSD seemed imminent, even though we didn’t yet have confirmation at that moment, and I emphasized that buying no longer appeared attractive at these levels. Indeed, after reaching another all-time high of 2740 during the day, a strong sell-off followed, pushing the price down to the 2715 zone. Currently, the bulls are back in control, but in my view, this looks more like a natural rebound aligned with the broader trend, rather than a renewed surge in buying interest. The 2740 level now serves as significant resistance, and a fresh reversal from this zone could very well occur. For the bulls, the key support level lies in the 2725-2730 range. A drop below this zone would signal the beginning of a potential new downward move. From my perspective, I'm focused on selling opportunities. A break below 2700, with a move toward the 2685-2690 support range, is what I’m closely watching for.
OANDA:XAUUSDShort
by Mihai_Iacob
11
XAU 1M Gold price formation history and future expectationsGold , or as denote the main trading pair XAUUSD , has been gaining a lot of attention around itself in recent years. As soon as major analysts or hedge fund top-managers begin to say that the next crisis is near, investors immediately start buying gold as a defensive asset, and its price, accordingly, goes up. Let's walk a little through the history of the Gold price. We finished drawing the graph, to what exists on tradingview.com, based on the data that is freely available. 1) In 1933, to overcome the crisis after the "Great Depression", US President Roosevelt issued a decree on the confiscation of gold from the population. The price for an ounce of gold is set at $20.66. 2) In 1971, a real rise in the value of gold begins. After decoupling the US dollar rate from the "gold standard", which regulated the cost of 1 troy ounce of gold at $35 for a long period from 1934 to August 1971. 3) 1973 - "The First Oil Crisis" and the rise in the value of gold from $35 to $180 - as the main anti-crisis instrument, a means of hedging investment risks. 4) 1979-1980 Islamic Revolution in Iran (Second Energy Crisis). The cost of gold, as the main protective asset, in a short period of time grows more than 8 times and sets a maximum at around $850 5) During 1998-2000, the world swept through: the "Asian economic crisis", defaults in a number of countries, and the cherry on the cake - the "Dotcom Bubble". During this period, the price of gold was twice aggressively bought out by investors, from the level of $250. It was a clear signal - there will be no lower, next, only growth! 6) And so it happened, from 2001 to 2011 there was an increase in the value of gold from $250 to $1921 . Even the mortgage crisis of 2008 could not break the growth trend, but only acted as a trigger for a 30% price correction. Looking at the XAUUSD chart now, one can assume that large investors were actively buying gold in the $1050-1350 range during 2013-2019. It is hard to believe that investors who have been gaining long positions for 6 years will be satisfied with such a small period of growth in 2019-2020. For ourselves, we establish a Gold purchase zone in the range of $1527-1600 per troy ounce, from where we expect the growth trend to continue to the $3180-3350 region What are your views on the future price of gold? Share them in the comments!
OANDA:XAUUSD
by P_S_trade
24
Xauusd sell signal On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base. Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support. Gold now sell 2754 Support 2737 Support 2729
OANDA:XAUUSDShort
by JohnHarry_7
2
XAUUSD BUY POSITION by TIbBe1Trading Idea by Be1 (TIbBe1) My analysis is 100% naked chart . Cleared risk n reward ratio before entry the market. 15 minutes TF entry, entry and layer with right MM at the entry level n respect SL (-10%) n TP (30%-100%). If you profit 10% from your capital, I suggest to close all trades or if you still eager to flip your account I suggest to put BE. 15 minutes TF can be very risky, must be monitored and if the trend changed, stop n take all profits. #waitingandkeepcalm #controlyouremotion #youcansuccessintrading
OANDA:XAUUSDLong
by TIbBe1
3