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XAUUSD trade ideas

Soon Gold Fall again in the zone of 2710_2720We've identified a triangular pattern in gold's price movement, with consistent respect for established support and resistance levels. As previously forecasted when gold was at $2715, our analysis indicated a potential all-time high (ATH) around $2780, which is now within reach. Investors are advised to consider opening sell positions within the $2775-2780 range, with a recommended stop-loss at $2790 and take-profit at $2720
TVC:GOLDShort
by LeonardoTrader9t9
1
I went short Gold at 2735.83. It just happended....! I really was not on the front foot to Short gold or silver so early in the week, it just happened because a report came in on tradingview news that the middle east situation is contained more so than open war-fare and the Gold chart was begging to be shorted because there was no buying and the gold-ghost was taking a break resting under a moving average. Sorry buddy, your shorted! Will see how it goes. Not sure what economic news is on today in the USA but I will soon find out. Other Long trades I am on include GBPUSD, GBPCAD is looking to really break out in the Monday sessions and I am also Short on AUDUSD which I think is starting to become in-the-money. Have a good trading day and remember 'greed normally means losing money not making it'. Chris
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
Gold projection for a serious correction!Precious metals have been on a serious run, but it's time for a cool off heading into winter. I called this massive run over 2 and a half years ago on silver (linked to the post). But, I do believe that we're close to the correction phase and the major one will coincide with the stock market which will infect the precious metals. Target is conservative as a retest of the CUP & HANDLE break out, but it's likely to go lower to catch the buyers off guard as we often see. Let me know what you think and how you're approaching the precious metals.
TVC:GOLDShort
by SkyTrees
XAUUSD: Shorting Range: 2796-2807The market is currently closed. On the 2-hour chart, there are three long lower shadows, indicating strong support below. Although the MACD indicator is facing a bearish crossover, the presence of this strong support suggests a potential for a second surge in volume. Therefore, during tomorrow's Asian and European trading sessions, if the support level in the 2780-2776 range holds, gold is likely to break above the 2790 high and test the psychological level of 2800. Additionally, tomorrow during the U.S. session, we will have the initial jobless claims data released, which I expect to have a bearish impact on gold. Consequently, the overall trading strategy for tomorrow will be to go long first and then short later. The trading range will be set with 2796-2807 as the high range and 2772-2767 as the low range.
OANDA:XAUUSDShort
by Mia-Signal
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release. Pre-Data Release Gold Trading Strategy: Entry Range: Short gold between 2780-2782 Take-Profit Target: 2772 Stop-Loss: 2790 Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2739 Four-hour resistance 2800, support below 2772 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. BUY:2772near SL:2769 BUY:2750near SL:2747 BUY:2740near SL:2737 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Gold Futures Near the 2,800 USD MarkGold prices reached a peak of 2,788.89 USD/oz on October 30, fueled by U.S. election uncertainties and expectations of a Fed rate cut. Gold is surging, approaching the strong resistance level at 2,800 – a “wall” that could halt the rally and trigger a pullback. On the other hand, support levels at 2,747 and 2,717 are ready to act as “fortresses” if prices retreat to these levels. A smart strategy is to wait for the price to hit resistance for a potential short, or to buy at support, capitalizing on a possible rebound. Don’t forget to set a reasonable stop-loss – in this game, a single slip could shift the entire market landscape!
OANDA:XAUUSD
by Zola_Hello
XAUUSD: Bullish trend still intact.Gold is heavily bullish on its 1D technical outlook (RSI = 67.558, MACD = 11.460, ADX = 25.892) as supported by the 4H MA50, it is approaching the top of the 3 month Channe Up. Compared to the two bullish waves before it, the 4H RSI shows that there is still at least another 2 days on this uptrend. Stay bullish (TP = 2,800) and sell on the first sign of rejection near the top. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
1
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly. The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate. 1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40. 2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction. 3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing. Intraday thinking plan: BUY:2715 SELL:2740
TVC:GOLD
by David_strategy
1
XAU/USD Chart Analysis: Key Levels and InsightsTrading Market Analysis In my recent analysis of the trading market, I have established some key levels: Support Level: 2780 Resistance Level: 2780 Key Observations: If the price touches the support level of 2780, it has the potential to rise up to 2787. This indicates a bullish sentiment if we can hold above this level. Targets: My primary target for today is set at 2786. This is a crucial point where traders might look to take profits. Additionally, I have a secondary target at 2790, which could be reached if bullish momentum continues. Conclusion Monitoring these levels will be essential for making informed trading decisions. Stay alert for any movements around these points!
OANDA:XAUUSD
by BinSalmanFundsReal
GOLD_109 2024.10.31 03:00:06 Trading Signal BUYFrankPro Signal for GOLD_109 Type: Screen Signal: BUY TP: 2832.085 SL: 2769.33 Entry Price: 2787.26 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=Down LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, here are my conclusions for short-term and long-term price expectations for XAUUSD (Gold): **Short-term (next few days):** * The price is expected to go down. The analysis mentions a potential short-term correction, with gold possibly falling to support levels at 2677 - 2672 and 2650 - 2642. * The Target Zone of 2740 - 2729 has been reached, and a downward correction may start from the current prices. * Long trades could be considered once the support zones are reached, with the main target at today's high. **Long-term (next few weeks/months):** * The price is expected to go up. The overall trend is considered bullish, with buyers looking to test the $2,800 level. * Technical readings in the daily chart favor another leg north, with key support levels at $2,751.90, $2,739.70, and $2,721.20. * The Elliot Wave Theory and Fibonacci levels analysis also suggests that the trend is still up, and a break of the current structure is needed to confirm the end of the recent wave. Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements. Other factors, such as unexpected economic events or changes in market sentiment, can influence the price of gold. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my predictions for the price movement of XAUUSD (Gold) in the short-term and long-term: **Short-Term Outlook (next few days to a week)** * Expected price movement: **Down** (correction) * Reason: The price has reached a new record high, and a short-term correction is possible after reaching the Target Zone of $2,740 - $2,729. * Potential support levels: $2,677 - $2,672 * Potential rebound: If the correction occurs, gold may rebound from the support levels. **Long-Term Outlook (next few weeks to months)** * Expected price movement: **Up** * Reason: The overall trend remains bullish, driven by upbeat US Consumer Confidence data, anticipation of key economic releases, and market participants seeking safety ahead of the US elections and the Federal Reserve's decision. * Technical analysis: The 20 Simple Moving Average (SMA) and longer moving averages are all pointing upwards, providing bullish traction. * Potential resistance levels: $2,775.00, $2,790.00, and $2,810.00. Please note that these predictions are based on the analysis of the provided data and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for XAUUSD (Gold) in both the short-term and long-term: **Short-term (next few days to a week):** * Expected price movement: **Up** * Reasoning: The technical analysis indicates bullish traction, with the 20 SMA providing dynamic support around $2,740.60. The indicators are firmly in positive territory, and the support levels are identified at $2,751.90, $2,739.70, and $2,721.20. Additionally, the market drivers, such as the increase in the US Consumer Confidence Index and the cooling labor market, are supporting gold prices. * However, there is a possibility of a pullback, especially if the current wave structure indicates a completion of the wave three on higher time frames. This could lead to a minor correction before the price continues its upward trend. **Long-term (next few weeks to months):** * Expected price movement: **Up** * Reasoning: The bullish case for gold remains firm, with buyers looking to test the $2,800 level. The underlying market drivers, such as the easing wage pressures and the Federal Reserve's monetary policy, are expected to continue supporting gold prices. Additionally, the upcoming US presidential election and the Federal Reserve's monetary policy decision may lead to increased market volatility, which could further boost gold prices as a safe-haven asset. Overall, based on the analysis, it appears that the price of XAUUSD is expected to continue its upward trend in both the short-term and long-term, with a possibility of minor corrections along the way. Result: ST=Up LT=Up
CAPITALCOM:GOLDLong
by orbborisson
DeGRAM | GOLD trading in the channelGOLD is in an ascending channel above the trend lines. The price has already reached the upper boundary of the channel and has touched the resistance several times, to which it reacted by declining to the 50% retracement level of the last impulse. The chart maintains an ascending structure. We expect a small correction to the support in case the price consolidates under the correction level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
2
Sell order engaged / #2,732.80 TargetTechnical analysis: As expected the Price-action was rejected upon hitting #2,750's Resistance zone fractal for #2 reasons speculated on my remarks: #1) #2,750's being distinguished as major Resistance fractal (ahead of record High's) on Hourly 4 chart, #2) critically Overbought Technicals and Bullish Fundamentals due Fed rate hike rumours which stalled further slide on Gold which had potential to negate all Buying bias regarding the Short-term. Daily chart is still an healthy Ascending Channel which I am surprised is not Overbought already as RSI is pointed near the middle of the indicator. This suggest that there is still moderate upside potential while Hourly 4 chart still holds some Neutral bias even though Symmetrical Triangle got invalidated to the upside (#2,745.80 is still seen Trading as a Support since it was recovered within the same session, also #2,738.80 fractal). This displays very mixed picture on Gold however there is probability of Selling opportunity before eventual #2,800.80 benchmark test (my both Medium-term Buying orders are in excellent Profit). My position: I have engaged Selling order with #2,755.80 entry point / optimal Target remains #2,722.80 however I might close my order earlier. My Stop is very close to my entry point so I took no High Risk however I do believe that Gold might present decent Selling opportunity before eventual #2,800.80 benchmark extension.
OANDA:XAUUSDShort
by goldenBear88
1