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XAUUSD trade ideas

XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish. From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday. However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty. Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
OANDA:XAUUSDLong
by Mia-Signal
Gold Trading Insights Ahead of the Election!Although gold didn’t fluctuate much today, our returns were quite impressive! These small range movements create excellent opportunities for agile buying and selling. As I mentioned yesterday, the New York market did indeed decline today, and the buy signal I provided at the open hit the TP of 2745 perfectly. I then began selling, ultimately closing the trade at 2733 with great results. Tomorrow is the election, and I believe the results will boost the dollar, which could lead to a drop in gold prices. I plan to continue selling during tomorrow's New York session. What do you think?
FOREXCOM:XAUUSDShort
by Wealth_Waves
XAUUSD View!!Gold's rally may have run its course, UOB Global Economics & Markets Research's Quek Ser Leang says in a research report. Last week, gold formed 'Doji' pattern on weekly candlestick chart, which is typically perceived as a bearish signal, the markets strategist says. Crossover in weekly slow stochastics from overbought territory suggests downside risks are building. On the daily chart, gold broke below the three-month rising trendline support two sessions ago, with bearish divergence on daily MACD. However, any pullback will probably be choppy and potentially drawn out, with initial support at 55-day exponential moving average, which is now at $2,636/oz, the strategist adds. Spot gold is down 0.4% at $2,694.69/oz.
FOREXCOM:XAUUSDShort
by FXBANkthe8055
XAUUSD 1M1. Elliott Wave Analysis Wave 5 Completion at 1.618 Extension (2,747.14): The chart shows Wave 5 peaking at $2,747.14, corresponding to a 1.618 Fibonacci extension. This level is typically a significant reversal point, suggesting potential for a corrective move downwards. ABC Corrective Pattern Projection: After the completion of Wave 5, an A-B-C correction is projected. The expected trajectory shows a downward movement to the liquidity void zone, followed by a potential retracement up in a Wave B before a final decline in Wave C. 2. Wyckoff Distribution and Accumulation Phases Phase B (Accumulation - $1,046.23 to $1,920.80): This region marks the accumulation phase with a Sign of Weakness (SOW) in Phase B, where price forms a base before starting the upward trend. Notably, price action within this phase shows consolidation, preparing for a breakout. Phase C (Mark-Up): After the accumulation, price enters the mark-up phase, breaking past resistance and forming new highs. This phase is highlighted by significant upward momentum, taking the price into higher Wyckoff distribution phases. Distribution Pattern in Recent Highs: The recent highs around $2,747.14 align with Upthrust (UT) and Upthrust After Distribution (UTAD) signals, suggesting the end of the mark-up phase and a shift towards potential distribution. 3. Key Fibonacci Levels and Extensions 1.236 Extension (2,744.68): This level is another Fibonacci extension associated with Wave 5, acting as a point of possible reversal. Volume divergence at this level further indicates potential weakness in upward momentum. 0.618 Retracement (Inducement Wave 4): A 0.618 retracement from the previous lows serves as a key support level. If price retraces here during the corrective phase, it may offer a possible entry for continuation trades. 4. Liquidity Zones and Order Blocks Liquidity Void (3M): There’s a liquidity void in the three-month time frame, which price might revisit during the corrective move. This void represents an inefficiency where price could fill gaps created by the upward trend, making it an area of interest for re-entries. Buy-Side Liquidity (BSL): The Buy-Side Liquidity area near the recent highs includes stop losses and limit orders, making it a zone where institutional players might target liquidity. 5. Support and Resistance Levels Resistance Line - BC Distribution (1,920.80): This level acts as a strong resistance line in the accumulation phase. If price revisits this area, it may encounter selling pressure. Support Line - AR Distribution (1,525.84): The support around $1,525.84 represents the Automatic Rally (AR) point in the Wyckoff structure, marking a potential level of demand if price retraces to this level. 6. Break of Structure (BOS) BOS in Wave 3 (12M): The Break of Structure in Wave 3 on the 12-month chart indicates a potential shift in the trend’s momentum, suggesting possible trend continuation or reversal. BOS within Phase B (3M): Another BOS is marked in Phase B, highlighting a structural shift in sentiment. This often leads to an uptrend or a change in market direction as the BOS level confirms a key pivot point. 7. Dealing Ranges and Key Points of Control (POC) Dealing Range (12M-3M): This range, spanning the recent swing highs and lows, establishes boundaries within which price is expected to fluctuate. The Point of Control (POC) within this range often corresponds with areas of high volume, which could act as pivotal zones for price movement. Current Trend (Dealing Range for Wave 4): The range defined for Wave 4 provides insight into ongoing price action. Watching for breakouts or breakdowns within this range could indicate the next potential trend direction. 8. Proposed Trading Plan for Upcoming Weeks Short-Term Correction Expected: With Wave 5 likely completed, a corrective A-B-C structure appears probable. This suggests a short-term downtrend toward lower support zones. Target Zones: Downside: Potential retracements to $1,920.80 and $1,525.84 are key areas to monitor. These support levels could act as potential bounce points or re-entry zones if the price holds. Upside Resistance: If price revisits the recent highs near $2,747.14, look for bearish setups, as this level may act as strong resistance in the corrective phase. Volume and Divergence: Watch for volume divergence or signs of weakness at the 1.618 and 1.236 extensions to gauge the potential for continued reversal. This can provide additional confirmation for trend reversal setups. Summary of Key Observations Wave 5 completion at $2,747.14 suggests corrective phase ahead. Wyckoff Distribution structure signals potential downside with liquidity voids targeted. Key Support and Resistance zones at $1,920.80 and $1,525.84. Expected A-B-C Correction aligns with price filling previous gaps and testing support.
FX:XAUUSDShort
by spacedevil
Non-agricultural gold increased significantlyAs Gold continues its upward trajectory, traders must recognize that pip values and fluctuations aren’t fixed in impact. Consider a scenario where Gold moves by 300 pips—when Gold was trading at $1,500, that would’ve been a 2% shift; now, it’s just around 1%. Being attuned to these changes helps traders avoid overly tight stop-losses, which can lead to premature exit, or take-profits that might cut gains short. In other words, risk management isn't just about setting numbers; it's about knowing the context of those numbers within market conditions. By aligning our strategies with current Gold levels, we’re better equipped to maintain consistent risk and reward ratios.
OANDA:XAUUSD
by TheBraveGirl
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we said we would continue with the plan and look to complete our targets which has worked well today. Our red boxes performed well as well as our bias bearish below level which gave the tap and bounce from 2771, we wanted 2770. Targets completed today: 2755, 2762, 2768 This leaves us with one target level remaining sitting at the 2779 and 2780 price points, which if we can support at the indicated levels we feel should be achieved. We're too high now again to long so unless we get a pullback, we'll follow the plan and look for RIPs from the higher levels for the attempt to short. A great day on the markets completing not only the gold targets but another 10 targets hit across the other pairs we apply the algo to. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3
HelenP. I Gold will make small correction and then continue riseHi folks today I'm prepared for you XAUUSD analytics. If we look at the chart we can see how the price some days ago rebounded from the trend line and rose to support 2, which coincided with the support zone. Then the price broke this level and then continued to move up, until it reached 2680 points, after which it turned around and made a correction movement to the trend line. When Gold reached this line, the price broke it and dropped to support 2, but soon turned around and in a short time rose to the trend line and even made a gap. Then price some time traded near the trend line and later broke it. After which Gold reached support 1, which coincided with one more support zone, broke it, and rose even higher in this area. But sometimes, the price fell to the support zone, and now it rising. For this case, I expect that XAUUSD will make small correction and then continue to move up, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
15
XAUUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2756.90, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 2714.96, a swing-low support level. The stop loss will be at 2789.88, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
Gold Price Outlook: Key Insights for Next Weeks Trading DecisionAs we head into the new week, gold prices remain resilient, fueled by heightened Middle East tensions and U.S. election uncertainty that keeps investors seeking safe-haven assets. Despite dollar strength and recent rate cuts by the Federal Reserve, gold has surged over 32% this year, reflecting sustained demand in the face of global instability. In this analysis, we cover critical areas for buyers and sellers alike, focusing on structural patterns, market psychology, and potential trade opportunities you won’t want to miss. Whether you're watching the price action or setting up entry points, these insights will equip you with a clear roadmap for the week ahead. Will gold continue its strong performance, or could a new catalyst shift the trend? 📌 Stay tuned as we navigate the next big moves in the Gold market! #goldprice #goldtrading #investing #commodities #marketanalysis #tradingstrategy #goldforecast #geopolitics #election2024 #safehaven #financialmarkets #forex #daytrading #swingtrading #middleeast #usdollar #economicuncertainty📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Editors' picks
PEPPERSTONE:XAUUSD
by darcsherry
4
GOLD_115 2024.11.01 06:55:04 Trading Signal BUYFrankPro Signal for GOLD_115 Type: Screen Signal: BUY TP: 2795.02 SL: 2743.21 Entry Price: 2752.63 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Up LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold). **Short-term Forecast (next few days to a week)** * The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback. * Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction. * Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility. * Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back. **Expected Price Movement:** Down ( potential pullback to test support levels) **Long-term Forecast (next few weeks to months)** * Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend. * A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook. * The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term. **Expected Price Movement:** Up ( continuation of the long-term upward trend) Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024: **Short-term Analysis (next 10 days)** * The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages. * The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook. * The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days. * Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment. **Expected Price Movement (Short-term): UP** **Long-term Analysis** * The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors. * The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand. * However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term. **Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks** In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors. Result: ST=Up LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: Down * Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33. * Potential price target: $2,715-$2,720 **Long-term (next few weeks to months):** * Expected price movement: Up * Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend. * Potential price target: $2,850-$2,900 Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly. Result: ST=Down LT=Up
TVC:GOLDLong
by orbborisson
Gold on slide aftermath / Medium-term Buy orders closed with TGNew meta: As it was evident recently on my commentaries, I have been engaging Medium-term Buying orders (#2.0 and #3.0 Volumes) #3 times in a row now and first two times it was sharp #100-point Profits. Previous two orders were engaged on #2,712.80 and since #2,790.80 was Fibonacci Ultimate Top's I have decided to close both of them there / delivering #78-point Profit on both of orders. I could officially await #2,800.80 benchmark or more however I took a safe path and closed my orders with #78-point Profit on both of them / Highly satisfied however since Elections are approaching, I will not make any more moves since Elections can finally deliver certain Selling action on Gold (as markets may have some confidence after voting) which may cause safe-haven assets such as Gold to lose and riskier assets to gain on Medium-term. Intra-day / Short-term: The #2,772.80 former strong Support now turned in Resistance was crossed and Gold was Technically ready to accomplish new local Low’s (major break-out I announced if it gets invalidated). This will be essentially a Higher High's Lower zone first on Descending Triangle validating my expectation of an #10 to #15 point Trading range (Rectangle) on however aggressive pace for the next #1 - #2 session horizon. The (#1W) Weekly candle is now at (# +1.05%) and the week will most likely close on a positive note following last candle's (# +2.28%). I will take advantage of the Higher High’s Lower zone, giving distinguished Buying order within this relief rally / Bullish Intra-week cycle and Profit on wide timeframes for reduced Risk as I still maintain my Buying order (Buying every Bottom) which I engaged on #2,735.80 (ideally I expect to close the position above #2,752.80 benchmark). Keep in mind that this is NFP session as I am looking at #2,727.80 test initially if NFP delivers upside surprise. My position: As discussed above, I do expect upside surprise on NFP announcement and if that's the case, Gold may spike towards #2,727.80 Support zone in extension. I will close my current Buying order as Higher as I can and will look to re-Sell Gold ahead of NFP numbers. Overall another excellent week.
TVC:GOLDShort
by goldenBear88
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Gold is trading under bullish pressure despite a recent pullback of 2.09%. This suggests that while there’s short-term weakness, the overall trend is still upward. The analysis identifies a demand zone between $2,735 and $2,728, with a possibility for a dip to $2,710, which could serve as another support level. Should prices stabilize here, a bullish continuation is likely. If gold fails to hold above $2,728 on a 4-hour closing basis, a further decline toward the next demand zone between $2,688 and $2,672 may be anticipated. An initial upward target lies in the fair value gap (FVG) between $2,756 and $3,772. Above this, the analysis notes supply zones between $2,782 and $2,790, with an all-time high (ATH) of $2,810 as the next major resistance. The strategy is a combination of support-resistance testing and close monitoring of 4-hour candles. Stabilizing above the lower zones suggests a bullish rebound, while a failure could lead to extended declines.
OANDA:XAUUSDLong
by ArinaKarayi
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