Get started
Gold Spot / U.S. DollarGold Spot / U.S. DollarGold Spot / U.S. Dollar

Gold Spot / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSD trade ideas

Few things can happen for GoldGood drop because of tight election night so here is the way gold can do; It need to break Resistance 2,663 | 2,685 & 2,700. If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone. If you are in the buy now please be very careful and cautious cuz the resistance are very tight. 2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine. Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much. SL : 2,660.70 or 2,659.75 I known its close but it can spike pretty quickly before you know it. So please use proper risk management Lets make this money
OANDA:XAUUSD
by JoyBoyVegae
Gold Wave Analysis 6 November 2024 - Gold broke support area - Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. The breakout of this support area accelerated the active minor ABC correction from the end of November. Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
FX_IDC:XAUUSDShort
by FxProGlobal
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure. Intraday Expectation: Price is anticipated to target the weak internal low. Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Gold 3Month (quarterly)Overview: Gold and silver have performed remarkablely in 2024, emerging as the two best-performing assets of the year. Precious metals often serve as safe-haven assets during times of economic uncertainty, and this year has proven no exception. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward. By the end of October, silver had surged by 42.4 percent, a dramatic increase that reflects growing demand and limited supply. Gold, similarly, has gained 33.7 percent, solidifying its role as a reliable store of value. These gains in the precious metals market outpaced other commodities and most traditional financial assets. For comparison, the NASDAQ—the best-performing stock index—has gained 24 percent over the same period. This robust performance in the NASDAQ reflects strength in technology stocks, yet it still falls short of the exceptional growth observed in gold and silver. Such trends highlight the unique appeal of precious metals, especially during periods of market turbulence and geopolitical tension. Watch the RSI as another blue candle will indicate a Q4 bullish momentum that may continue into the New Year. As for a Red Q4 Candle... This may push the RSI below the 80, creating a bearish Divergence in the LONG term. This Pullback may even look like a trend reversal. Keep in mind a healthy market needs to retrace. Key Levels: 2450 2315 2235 (Support)
FX:XAUUSD
by nikdobii
GOLD NEXT MOVE (expecting a bearish move) (03-10-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (03-10-2024) Current price- 2649 "if Price stays below 2665, then next target is 2639 and 2625 and above that 2675". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
12
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market. Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now. However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
TVC:GOLDShort
by FalCol_TradingMaster
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor. The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely. Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%. Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months. 🔥 XAUUSD BUY LIMIT 2733 - 2731🔥 ✔️ TP1: 2755 ✔️ TP2: 2765 ✔️ TP3: OPEN 🚫SL: 2724 🔥 XAUUSD SELL LIMIT 2753 - 2751🔥 ✔️ TP1: 2745 ✔️ TP2: 2735 ✔️ TP3: OPEN 🚫SL: 2760
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold. Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset. What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset. Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later. The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward. Now, let’s take a look at the chart and summarize. Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices. Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position. Good Luck and Have a Nice Weekend!
OANDA:XAUUSDShort
by ClashChartsTeam
Gold price continues to reverse the trendAt the close of the U.S. trading session, global gold prices settled around $2,684 per ounce, marking a sharp decline of over $22 per ounce compared to the previous session's close. The U.S. Federal Reserve (Fed) announced a 0.25% rate cut, bringing the current interest rate to a range of 4.5-4.75%. Typically, a Fed rate cut leads to a weaker USD; however, this time, the greenback surged overnight, strengthening in the international currency basket. The Dollar Index saw a significant rise of 0.42%, reaching 104.950 points, which pressured investors to lock in profits on gold after a strong rally in the previous session. Given this, the USD may continue to strengthen, and gold could face further declines, especially as Fed Chair Powell delivered remarks following the rate cut decision, signaling a possible prolonged strength for the dollar.
OANDA:XAUUSDShort
by Chipucu
Precious metals steady after sell-offPrecious metals have had a torrid time since it became apparent that Trump had won a clear victory in the early hours of yesterday morning. Gold broke below $2,700 and is currently hovering in a band of support which stretches between $2,635-$2,675. This area acted as resistance in the last week of September and the first of October. A break below here would set up a likely retest of $2,600. Just over a week ago, gold hit a record high of $2,790. Since then it has lost around 5%. It was always a concern that gold had manged to rally steadily from early June without any of the sharp, deep pullbacks that were such a feature of its trading pattern from earlier in the year. Well now there’s been one, with Trump providing the catalyst. The question now is whether there’s more downside to come, and if so, will that mark the end of the bull run , or once again provide an opportunity for the bulls to load up and go again? It’s too early to tell. But if it can find support and consolidate around current levels, then the daily MACD can reset at a less overbought area. If not, then gold will head lower to find stronger support. It’s similar situation for silver, with $31 now a level it needs to hold.
TRADENATION:XAUUSD
by TradeNation
Gold Drops After Donald Trump's VictoryOn the day, gold prices fell by 3%, primarily driven by the strong rebound of the US dollar. This shift came after news of Republican candidate Donald Trump’s victory in the 2024 US presidential election. The US dollar surged as investors anticipated that under Trump’s administration, higher tariffs could lead to sustained high interest rates for a longer period, making gold more expensive for buyers holding other currencies. Based on technical chart analysis, gold is currently in a strong downtrend, with the trendline indicating a clear decline. A strong resistance level at 2,746 led to a sharp drop in gold prices, which then tested the support level at 2,648. Given the current situation, the prospects for a short-term recovery in gold are limited, and the likelihood of further declines remains dominant. If gold fails to hold above the 2,648 support level, the downtrend may continue, with subsequent support targets around 2,620 and 2,600. It seems that there will be significant volatility for this precious metal in the short term. Does anyone feel the same way as I do?
OANDA:XAUUSD
by Alisa_Rokosz