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XAUUSD trade ideas

GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone. Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk. However, the market needs to correct periodically before gold can rise further. The first support is near 2770, and the second, stronger support is around 2760. This second area is a strong support zone from where gold may bounce up again. 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:XAUUSDShort
by KlejdiCuni
1
GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
FX:XAUUSDLong
by FX_Elite_Club
2
Gold on interesting Technical fractalTechnical and Fundamental analysis: My mid-week Target been met earlier than I expected as the DX, (Stocks remained High) and Bond Yields dipped. The Volatility is still High however but Gold is giving me decent accuracy patterns but with mixed Technical signals and may look to set a new Support zone first (my estimate #2,772.80) before hitting #2,800.80 benchmark. The Long-term trend remains Bullish with Daily turned green on all of its MA periods, still on the middle stages of the new Bull run as it is just below the 0.618 Fibonacci level (hence the current pull-back). My Long-term Target remains #2,852.80 and #2,900.80 benchmark in continuation. I will treat every Bearish spike as an Buying opportunity. Notice how, as explained on previous posts, the DX broke its Daily chart's Support which was much needed for Gold in order to break first Lower then Higher. The decline on Bond Yields also helped. I believe that Gold's set to push Higher, potentially testing Higher High's Upper zone as interest Rates head Lower, central banks extend purchases, and uncertainty surrounding geopolitics and Bond Yields pullback. As these interest Rates came down, Gold has rallied in #2019, rising to the Highest level in six years, as Investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and China and festering trade frictions (similar to current upswing). The upswing has been given added momentum as central banks, including authorities in Russia and China step up purchases. A revival in Stocks lead to spillover demand from Investors for the older haven, Gold. Interest rates are going so low, particularly now in Europe. My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal.
TVC:GOLDLong
by goldenBear88
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan: Trade Details: Option 1: Entry: Sell in the Potential Reversal Zone (PRZ) Stop Loss: 2759.50 Option 2: Entry: Sell Stop at 2740 Stop Loss: Above the defined last high (LH) Reason for Trade: The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation. Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.
OANDA:XAUUSDShort
by Unknown_Trader007
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter. The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market. Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much. Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.
TVC:GOLDShort
by TheLeader_WOLF
Gold continues to heat up!Hello all dear traders! The world gold price continues to heat up in the context of the US presidential election season reaching its peak on November 5. Meanwhile, US economic data shows a very strong increase in the number of new jobs compared to the forecast. The country's gross domestic product increased at an annual rate of 2.8%. The US Federal Reserve (FED) policymakers are expected to cut interest rates by 0.25% next week, which could continue to benefit the safe-haven precious metal. As can be seen on the 1-hour chart, the technical uptrend along with support from the nearby EMAs 34 and 89, shows that the bullish outlook remains intact without any risks. Furthermore, the recent consolidation around the 2790 - 2777 range and the unbroken price wedge suggest that gold prices are likely to accelerate to around $2800 and beyond. Wishing you all the best of luck in your trading!
OANDA:XAUUSDLong
by Bentradegold
We continue to go long on gold todayGold continued to close strongly and stabilized at 2740. From the current market, gold bottomed out and rebounded, the bullish trend remains unchanged, and there is still room and demand for further rise. Today, gold focuses on the support below at 2731. If it falls back and relies on this support, it will continue to go long! Gold fluctuates back and forth at high levels. Gold has not been persistent recently and has been fluctuating at high levels. The 1-hour chart fluctuates at high levels. It is not meaningful to chase more now. The resistance space of gold's previous historical highs is limited. If gold breaks through the resistance of the historical highs, then it will fall back and go long. If the resistance of the historical highs is under pressure, then gold does not rule out another high and fall back, and continue to fluctuate, waiting for Friday's NFP data to find an opportunity to break through. Trading strategy: Today, pay attention to 2735~2731 for support and go long. We continue to be bullish on gold today and be cautious about shorting.
OANDA:XAUUSDLong
by Jun-goldFX
1
XAU/USD Weekly Forecast: Key Market Reversal Zones1. Wyckoff Phases and Key Levels: Phase A (PSY & ST): Preliminary Supply (PSY) marks the area where early sellers start pushing prices down. The Selling Test (ST) occurs as buyers and sellers test the supply. These phases lay the groundwork for a potential accumulation or distribution phase. Phase B (B, AR, Creek, LPS, UT): In Phase B, B and Automatic Rally (AR) represent the initial support and resistance levels. This is followed by a "Creek" or resistance line where price often consolidates below. LPS (Last Point of Supply) and UT (Upthrust) within this phase mark the highs where the price struggled to maintain upward momentum, indicating potential supply zones. The SOS (Sign of Strength) signals the market's strength, potentially leading to Phase C if buyers continue. Phase C (Shakeout): This phase includes a sharp Shakeout where weaker hands are pushed out. This liquidity grab sets up the final push upward. Phase D and E: In Phase D, we observe a final markup with Higher Highs (HH) and Higher Lows (HL) leading into the top where sellers might step in strongly for a distribution phase. This phase concludes in Phase E if a downtrend is established. 2. Elliott Wave Structure: The primary wave count shows completion of Wave 5 at the top. Based on Elliott Wave Theory, this could mark the end of the upward impulse cycle, suggesting the start of an ABC correction pattern. Wave A: The initial corrective leg downward is expected, which aligns with potential selling pressure in Phase D. Wave B: After Wave A, a minor retracement upward could occur as a corrective pullback before continuing the downward correction. Wave C: The final leg of the correction, Wave C, may complete the structure, allowing buyers to re-evaluate for potential long opportunities. 3. Supply and Demand Zones (Smart Money Concepts - SMC): Supply Zone: Located near the highs of the chart, marking resistance and a significant level where institutional sellers may re-enter. Demand Zone: This area is closer to the lows around the PSY and ST. If price moves down, these levels will act as support where buying interest could return. Break of Structure (BOS): Key BOS levels signal structural shifts where the market confirms a new trend direction. Watching for BOS on lower timeframes can indicate smaller trend reversals within the larger correction. 4. Key Levels and Trading Plan for Next Week: W Close Level: This week’s close level will be important for planning trades. If the price remains below this level, we could favor short setups. Invalidation Points: High Invalidation (1W): Located at the top of the wave structure; breaking this would invalidate the bearish setup. Low of the Range (PWL): If the price closes below this low, it would strengthen bearish sentiment. Potential Trade Setups: Sell Setup: If price re-tests the high zones but shows resistance or bearish confirmation, short positions can be initiated with stops above the invalidation level. Buy Setup: If price retraces to demand zones and shows a reversal, there could be potential long setups. A buy setup would look for evidence of absorption of supply before re-entry. 5. Macro Events and Sentiment Analysis: Next week, key economic events (such as Fed announcements or US economic data releases) may influence the USD, which in turn affects XAU/USD. Hawkish Fed sentiment could strengthen the USD, pressuring XAU/USD lower, while dovish sentiment could support a rally in gold. Daily Monitoring: Track price action near the Creek and Supply Zone for early signs of buyer weakness or seller strength, especially leading into economic events. Summary: Bearish Bias: As long as the price remains below the high invalidation point, the outlook leans bearish, expecting a corrective structure. Key Levels: Watch for reactions at high and low invalidation points as well as around BOS zones for early trade entry signals. Events Impact: U.S. economic releases and Fed communications are expected to create volatility, particularly in line with price action around key resistance/support areas.
OANDA:XAUUSDShort
by spacedevil
9
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1