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XAUUSD trade ideas

XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce. This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand. From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting. Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
OANDA:XAUUSD
by Pierce_Bowers
1
XAU/USD Trade idea going into November.It looks like a possible head and shoulders formation on the higher time frame(4 hr). We just had a massive bull run to the upside hitting a high of $2780+. Now we are seeing a correction in the market. Missed the early entry to the downside after the bull run. Looking to capitalize on the continuation of the correction. Based on the fact that we just had a bull run and the possible head and shoulders formation, I want to take a sell on the right shoulder before the re test of the neck line. Looking to target the change of character zone and wait for a sell confirmation before enter the trade of the 1 hour chart. Looking to target sell side liquidity for my profit zone. Hopefully I've made a good analysis and looking forward to what you guys think! Feel free to leave some constructive criticism for me to consider.
OANDA:XAUUSDShort
by Jeremiah201
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg. Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
OANDA:XAUUSDShort
by SRA_Trades
GOLD H8 AnalysisGold printed an all time high on 30th October this year as the bullish trend continues. Something to notice is the divergence between what price is doing and what the MACD is doing. There's a higher high in price (most recently) with a lower high in the MACD. This is a potential sign of weakness in the buying strength. This could be temporary as the market begins a natural correction or could be the start of a much bigger monthly correction. If there are any sell setups that meet your strategy rules then the trendline could be a possible target to think about.
FUSIONMARKETS:XAUUSD
by FusionMarkets
Gold looks shaky for a short Gold will tumble on a breach of the triangle its currently situated. Here is the trend line in red. The Gold Price for the past 2 hours has been stationary much of the time at the bottom of a 1 hour triangle. Waiting to be shorted and trapped down lower. Will you join me? There was very recently a 1 to 3m chart head n shoulders pattern so price was on the move upwards and around 2733 now. For educational purposes as trading can be risky. The chart has details of a stop loss and 2 profit targets for the Short. Idea is to short Gold with a waiting Limit order at 2735. Now, if you find that price gets close to 2735 but does not trigger your order, then that will mean that price is heading lower and they don't want you getting liquidity to sell your order and possibly profit from the short. That is when you sell on Market near 2735 or just below. Stop Loss is 2739.39 (tight) or for a wider but less Reward, place stop at 2744.78, a fair bit of room. I did that because the gold price does retrace and move around a bit pre New York. 2713.76 is TP1 and TP2 is 2682.62 or take profits when and where you feel comfortable.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
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
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports. The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals. Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level. From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered. Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
TVC:GOLDLong
by AntonyTP
1
GOLD REACHES NEW HEIGHTS AMID RISING SAFE-HAVEN DEMANDUS economic data   Positive news came from the jobless claims, which dropped to 241,000, much lower than expected and down from the revised 260,000 from the previous week. US retail sales also did better than predicted, rising by 0.4% from the month before, compared to an expected 0.3% increase. Nonetheless, positive retail sales and strong jobless claims are unlikely to alter the course of the Fed's monetary policy. ECB rate cut   ECB cuts rates as expected and upcoming months will be crucial as the ECB evaluates economic conditions and decides on its future monetary policy approach. US dollar index-   The US dollar index showed a minor decline due to profit booking.  A break above 104 would confirm a continuation of the bullish trend.   Based on the CME FedWatch Tool, the likelihood of a 25 basis point rate cut in November has risen to 92.2%, up from 89.50% just a week ago.
OANDA:XAUUSDLong
by DCFX-TA
NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market. These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold. So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point! Trading strategy: Layout before data release: short in the key pressure area of ​​gold Take profit target: 2735-2740 Stop loss setting: 2770 Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend. Detailed strategies and operation points have been released to each VIP member. If you need further guidance, please join the VIP group to get exclusive strategies!
OANDA:XAUUSDShort
by Falcon-Training-Camp
NFP Ahead: Targeted Short Strategy for Optimal GainsMarket Insight: Great work today on capturing profits with the short trade, everyone! My VIP members and I have made impressive gains. If you're interested in continuing to secure these returns, reach out to me directly—we’re setting up for a major strategic move. With most key economic releases for the week showing bearish outcomes, tomorrow brings one more critical release: the U.S. October Non-Farm Payroll (NFP) report, which is highly likely to impact gold negatively. We’ll continue focusing on short positions for the remainder of this week. Looking ahead, however, as the U.S. election concludes next week, we anticipate a potential shift, at which point we’ll pivot to long strategies to capture possible upside momentum. Current Gold Trading Strategy: Entry Level: Short gold at 2740 Take-Profit Target: 2730 Stop-Loss: 2750 Exclusive Member Strategy Update: This strategy will only be shared once today. For tomorrow’s detailed NFP trading plan, I’ll be providing specific guidance exclusively to my VIP members. If you’d like to join and get access to tailored strategies, reach out now!
OANDA:XAUUSDShort
by Falcon-Training-Camp
GOLD: Trend is still bullish on intraday chartHi Traders! Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too. Former President Trump's plans raise the risk of policy disruption, geopolitical tensions and a higher U.S. debt profile, Dhar says in a research report. These have further boosted gold's appeal as a safe-haven asset. CBA expects gold to average $2,800 an ounce throughout the fourth quarter of 2024. It expects gold to rise to average $3,000 an ounce by the fourth quarter of 2025. From a technical point of view, during yesterday's session Gold reached our TARGET 1 (see chart/analysis below), at the same time, the trend seems to remain bullish, and after a corrective structure on intraday chart, Gold could reach the 2,800 area also on the spot market. 🔴 ANALYSIS TARGET 1 (click and play on chart below) Thanks for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
2