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XAUUSD trade ideas

GOLD-Trade Plan 30/10/2024Dear Traders, Based on our earlier analysis, gold touched the 1.618 Fibonacci extension of wave 4 and then retraced approximately 100 pips. Our projection for the end of wave 5 is between 2790 and 2810. I anticipate a significant correction of at least 1000 pips, taking the price down to around 2680. We'll need to wait for wave 5 to fully develop and for confirmation of our analysis before taking any action." Dont Forget Like&Comment please ! Regards, Alireza!
OANDA:XAUUSDShort
by alirezak
Golden Pause: A Strategic Consolidation on the Bullish Ascent**Gold's Market Landscape: Navigating XAUUSD Range with Strategic Precision** As XAUUSD oscillates within a defined range between 2758 and 2713, the structure reflects a temporary consolidation. This sideway formation suggests an evolving buyer base, reinforced by a strong foundational support that hints at underlying bullish intentions. While gold has found itself in a tight channel, the larger narrative remains tethered to favorable conditions that could catalyze a retest of its all-time high (ATH). On the macroeconomic front, the US dollar has maintained strength, a byproduct of a more measured approach from the Federal Reserve on rate cuts, alongside a looming U.S. election. These factors typically cast a shadow over gold’s bullish momentum, as a stronger dollar can reduce demand for the precious metal. However, the effect on gold prices has been limited thus far. Renewed optimism around potential stimulus measures from China—the world’s leading gold consumer—has added a supportive layer to prices. Simultaneously, the ongoing tensions in the Middle East continue to influence gold as a traditional safe haven, with no current signs of resolution on the geopolitical front. From a technical perspective, XAUUSD’s current position within this range emphasizes a careful, level-oriented trading approach. Active trading around key levels is paramount, with opportunities presenting themselves at both support and resistance boundaries. The support levels between 2728-2724 and 2713 have shown resilience, providing buyers a foothold against bearish pressure. Similarly, resistance at 2745 and 2758 presents pivotal thresholds. Within this context, gold remains prone to potential bounces or false breakdowns at these boundaries, as it settles into a flat, yet range-bound, state. A notable resistance retest could act as a springboard toward a breakout, potentially propelling XAUUSD towards a fresh push to ATH territory. Conversely, a support-level bounce could also signify renewed momentum, especially if accompanied by bullish fundamentals. Traders should remain vigilant, as each retest of range boundaries—whether on support or resistance—provides invaluable insight into gold’s trajectory, with the chance for breakout signals growing at each test. In summary, while the broader fundamental factors have created a supportive backdrop, technical traders will find that range-bound strategies centered on strong levels may offer the best framework for engaging with the current market. The market awaits a decisive move, either a breakout or a renewed consolidation, as gold continues its journey through this well-defined channel.
OANDA:XAUUSDLong
by lonelyPlayer0
GOLD A NEW ATH AFTER THIS RETRACE 2850$ HELLO TRADERS Technically on daily charts it show a retracement after a higher over bought conditions next rate cuts coming soon US Elections a week ahead world geopolitical wars remember wars not a single war only wars escalating day by day Putin in Ukraine and North Korea officially Involvement of troops allies with Russia & Bricks new currency with US 35 $ Trillion Debt all these things are behind the charts too noting hidden DE-DOLLARIZEING so it's a great opportunity to join the rally and bull Rally to commodities more new ATH Coming banks and Institutions are accumulating shiny metal. investors always prefer safe have Technically + fundamentally with a low risk and looking for bigger rewards it's a great trade idea in my view what's Ur friends we love your support don't forget to boost if you really love our given analysis its always be appreciate Ur comments and share which gave us more energy to bring u incoming great markets updates technically and fundamentally Make a proper search before any trade Stay Tuned
OANDA:XAUUSDLong
by APEX_TRADING_ACADMEY
ADP data is coming soon! Gold shortThe market performance on Wednesday (October 30) continued the recent strong upward momentum. The price of gold hit $2,789.83/ounce in early trading, setting a new record high and rising sharply by more than $15. With the ongoing conflicts in the Middle East and the intensification of geopolitical risks, gold has once again become a safe haven choice for investors. Technical analysis After breaking through the resistance area of ​​2,780-2,785 US dollars/ounce, the price of gold became an offensive signal for bulls. The price of gold may further push towards the $2,800/ounce mark. At present, any meaningful correction is expected to find good support around $2,750/ounce. If there is a subsequent sell-off in the price of gold, it may push the price of gold to the support level of $2,732-2,730/ounce, or even further down to the $2,715/ounce area. Today's focus data: US unemployment rate in October US non-farm payrolls in October (10,000 people) Today's expected trend of gold prices can focus on the fluctuations between the support level of $2,765.00/ounce and the resistance level of $2,800.00/ounce. Under the current market sentiment and technical conditions, gold is still a worthy investment option.
TVC:GOLDShort
by David_strategy
What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ? ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDShort
by CobraVanguard
GOLD Moves: Key Levels to Watch TodayGOLD Analysis Overview Current Market Levels: The market is expected to sell off from the zone of 2780-2785. A potential buy opportunity may arise from the zone of 2760-2755. Intraday Trading Strategy: Sell Zone: Monitor price action around 2780-2785 for potential short positions. Buy Zone: Look for bullish signals around 2760-2755 for potential long entries. Key Economic Indicator: Non-Farm Payroll (NFP) Release: Scheduled for this Friday, which may significantly impact market volatility. Stay alert for potential price swings surrounding the announcement. Trading Considerations: Be cautious and prepare for increased volatility as NFP data is released. Implement proper risk management strategies to mitigate potential losses. Conclusion: If you find this analysis valuable, consider sharing it with your trading community to enhance collaborative insights.
FX_IDC:XAUUSDLong
by bluechipfx
Risk aversion will make gold prices continue to rise!The current trend of gold is a unilateral bullish trend. In the trending market, long positions can not only gain greater profit margins, but also have a greater chance of winning if the retracement is small. But don’t regard it as a top just because the price is high and has retraced slightly. In the bullish trend, even if gold retreats, it will bottom out and rebound. The lower support for gold is around 2776, and the upper resistance is around 2793,2806.
TVC:GOLDLong
by Donald-trading-star
Strong gold will continue to challenge the 2800 mark Gold prices continued to rise today, and have hit a record high of $2,790 per ounce so far, with the technical upward trend remaining intact. The technical signal is clear, that is, bulls are dominant and the trend is long. We had already intervened and followed up before the price broke through the previous high yesterday. After profit-taking, we continued to follow up and look bullish today. The US election is getting closer, and the uncertainty before and after it is bound to increase the market's risk aversion sentiment. At this stage, the time has not yet arrived for the shorts to fully release their momentum, and even if there is a retracement, the trend cannot be reversed. Moreover, we can also see from recent economic data that the Fed's expectations for interest rate cuts have not decreased, and the probability of subsequent interest rate cuts and large interest rate cuts is still there, that is, there are factors supporting the further rise in gold prices. During the rise in gold prices, the world's largest gold ETF saw a reduction in holdings yesterday (-1.72 tons), and the silver ETF saw a reduction in holdings on the 28th (-19.85 tons). This data is only for reference and is not the only basis for judging the trend of gold and silver. Today, Wednesday, the U.S. October ADP employment (small non-farm) and third quarter GDP data will be released in the evening. If the data is higher than expected, it will theoretically have a negative impact on the price of gold, otherwise it will push it up. According to the "Multi-cycle Super Trend Indicator", the upper pressure in the short term is around $2,785, which has been broken through, and further extension can be seen at $2,800 and $2,805. The first support below is $2,772, and then $2,764. Especially in the current month-end period, there is always a time when the power of gold prices is exhausted in the slow rise, so it is necessary to pay attention to the sharp decline after the price approaches or breaks through the $2,800 mark. Last Wednesday, the price of gold hit a new high, and then it was under pressure to consolidate. The sharp dive in the evening swallowed up all the gains during the day, and the single-day decline was as high as $50. Today is also Wednesday, and the past trend may not be completely repeated, but we have to be vigilant.
FOREXCOM:XAUUSDLong
by Yuliya1l11
Gold key levels for week 27th to 01Gold key levels for the upcoming week: Recommended buy and sell levels are as follows: For a buy, I'll consider entering at 2754, expecting the following: - 2760 to 2762 as resistance - 2771 - 2778 to 2780 as key resistance - 2789 If 2789 is breached (though highly unlikely), the next levels would be: - 2806 - 2816 - 2820 On the sell side, I'll look to enter at 2738, anticipating: - 2730 as the first resistance - Then 2720 as another significant resistance - 2714 - 2702 - 2691 - 2680 - 2650
OANDA:XAUUSD
by F0rexBorex
GOLD → Consolidation amid a bull run. What to expect?FX:XAUUSD is forming a sideways range of 2758 - 2713. Relatively strong support is forming to confirm the buyer's intentions, and the fundamental background is still favorable for the ATH retest The dollar continues to rise on the back of a less aggressive easing cycle from the Fed, as well as the upcoming US election. In general, this is a negative leverage against gold. BUT. The decline in the gold price remains limited due to renewed expectations of additional stimulus measures in China, as the largest gold consumer in the world, and the situation in the Middle East, where there is no hint of de-escalation of the situation. The situation, technically, is simple. Trade inside the range and exclusively from strong levels. A possible retest of the range boundary, post facto, will determine the future prospects. Resistance levels: 2745, 2758 Support levels: 2728-2724, 2713 Bounces or false breakdowns may be formed against the boundaries, as gold is flat. Another retest of resistance may lead to a breakout and growth towards ATH. It can also happen after the support retest before further growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
Gold can rise almost to resistance line and then continue fallHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price entered to buyer zone and some time traded inside, and even tried to break the 2505 level. But later, the price finally broke this level and rose a little, after which made a small correction and continued to move up inside the upward channel. Some time later Gold rose to the resistance line of the channel, which coincided with the current support level with the support area, and then started to decline. In a short time, the price fell to the support line of the channel and then turned around and continued to move up. Soon, the price reached the 2680 level again, and now broke it, after which rose to the resistance line of the channel, and some time traded near. Recently, the price bounced down and now it trades a little below. So, I think that the price can make a small movement up and then continue to decline to the 2680 support level, where is locate my TP. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
10
10.30Gold accelerates to the top, 2780 watershedThe gold market rose strongly yesterday. It opened at 2742.3 in the morning and then fell back to 2739.5. After that, it rose strongly. After reaching the previous historical high of 2758, the market was under pressure and consolidated to 2745.8. After that, the market rose strongly in the US market due to fundamental stimulus. After breaking the previous historical high, it reached the highest point of 2774.9 and then consolidated. The daily line finally closed at 2774.5. After that, the market ended with a saturated large The market closed with a positive line, and after this pattern ends, today's market has the technical need to impact the 2805 pressure. In terms of points, the longs at 1996 and 2028 below have stop losses followed up at 2600. After the long positions at 2722 were reduced last Friday, the stop loss followed up at 2735. Today's market is 2762 longs and 2759 longs are conservative with stop losses at 2755. The target is 2775. If it breaks through, the target of this round of impact will be at the 2800-2805 pressure.
TVC:GOLDShort
by David_strategy
1
GOLD Will Grow! Buy! Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,782.14. The above observations make me that the market will inevitably achieve 2,800.00 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDLong
by SignalProvider
1
XAU/USD 30 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold’s rally continues, driven by the Fed’s dovish tone and escalating geopolitical tensions, further reinforcing its safe-haven appeal. Price has printed a bullish iBOS, positioning it within an internal low and a fractal high, with the bearish CHoCH level denoted by a blue dotted line. Intraday Expectation: Since the internal range has yet to establish, I’ll remain on standby for now. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As noted in the weekly analysis from 27 October 2024, the daily timeframe’s CHoCH positioning was distant, making it likely for both H4 and M15 to print bullish iBOS, which has since materialised. Price has now printed two bullish iBOS' within a significantly narrowed internal range, and we’re currently trading between an internal low and a fractal high, with CHoCH positioning marked by a blue dotted line. Intraday Expectation: Technically, price is expected to react at the internal 50% EQ discount to target the weak internal high. However, a bearish iBOS is also plausible. As emphasised before, price remains highly volatile due to ongoing geopolitical tensions and the Fed’s softer stance. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold prices slipped slightly this week amid strong USD demand.Gold prices (XAU/USD) faced pressure on Friday, erasing some of the previous gains due to USD buying amid a weaker dollar and expectations of less aggressive easing from the Fed. Positive sentiment in the stock market also reduced demand for gold. However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked. Personal opinion: The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800. Attention to price range: Buy Zone: 2719 - 2717 SL: 2712 Sell Zone: 2748 - 2750 SL: 2755 Sell Zone: 2758 - 2760 SL: 2765
OANDA:XAUUSDLong
by Chana-Trading
XAUUSD_1Hhello Short time gold analysis Analysis based on Elliott waves The first case: the market is in a blue wave and the ceiling of wave 3 has been reached, and we enter a short correction towards the 2765 range and the price increases again towards wave 5 towards the range of 2806 dollars. The second case: the market is in a red wave and continues to rise and completes wave 3 and enters the correction to the $2770 range and increases the price again towards wave 5. And in any case, we are buyers for any correction to the bottom for the next rising waves Important numbers as support 2761 and 2771 dollars Important numbers as resistance $2785 and $2806
OANDA:XAUUSDLong
by Elliottwaveofficial