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GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

Gold : A Perfect Buy Opportunity Amid Expected Pullback!Yesterday, gold prices surged above 2700, rising $60 from open to close. Following such a significant increase, some pullback is likely in today’s session. However, this does not signal the end of the uptrend but rather a natural price correction. After the pullback, gold is expected to resume its upward momentum, with potential to break above 2730. Based on this analysis, today’s strategy is to continue buying gold. The ideal buying range is between 2688-2674, with a target set between 2725-2732. This pullback presents an excellent entry point for bullish positions, creating the potential for further profits!
FOREXCOM:XAUUSDLong
by Wealth_Waves
1
XAUUSDGold (XAU/USD) is one of the world's most widely traded precious metals and a traditional safe-haven asset. As an inflation hedge and store of value, gold often attracts investors during times of economic uncertainty or market volatility. The price of gold is influenced by multiple factors, including interest rates, currency strength (particularly the US dollar), geopolitical events, and supply and demand dynamics. When the US dollar weakens, gold typically becomes less expensive for holders of other currencies, potentially increasing demand and driving up prices. Similarly, lower interest rates tend to make gold more attractive since it doesn't generate yields like bonds or savings accounts.​​​​​​​​​​​​​​​​
OANDA:XAUUSDShort
by HavalMamar
Gold prices continue to rise from $2750What do you think about gold today? Let's discuss and strategize for the day! Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal? Key drivers: Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset. XAUUSD's new outlook: If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher. Short-term levels to watch: Major support: $2,740 - $2,750 Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
OANDA:XAUUSDLong
by AmbaniFX
GOLD SHORTING OPPURTUNITY NOV 1ST 2024"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup. Keep in mind that the recent support may now act as resistance, creating a possible reversal point. Additionally, a minor order block aligns with the 0.618 level on the 5-minute chart. Be thorough in checking all confirmations, and take the trade with a manageable stop loss. Keep your risk controlled, especially with the current market volatility. If you found this insight helpful, don’t forget to like, follow, and comment for more trade logic!"
OANDA:XAUUSDShort
by munmeeth
Best trading opportunity before interest rate decision!Market Analysis: Gold has made a powerful comeback today, and those who followed my buy recommendations yesterday have seen substantial profits—congratulations to all VIP members! Reviewing yesterday’s price action, gold's sharp decline was primarily triggered by Trump’s election win, a bearish news factor that was quickly digested by the market. With the Fed’s rate decision looming today, gold remains in a bullish trend. Forecast and Price Movement: Analyzing the current market setup, I anticipate a minor pullback in gold, likely toward the 2680 level. This dip is expected as the gold market prepares for a potential Fed rate cut in the next few hours. Thus, I foresee a brief drop in prices leading up to the rate announcement, followed by a significant rally post-cut. Trading Strategy: Aggressive Approach: Enter a short position at current levels but secure profits before the rate decision. Conservative Approach: Wait for a pullback before the rate cut to establish a long position, capitalizing on the anticipated post-cut rally. Summary and Recommendations: This analysis should provide a clear direction for today’s gold trading. For a detailed breakdown of this week’s trading strategies, please reach out. All VIP members will receive an exclusive, complete trading plan to maximize gains during this pivotal market phase.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Daily Gold (XAUUSD) AnalysisGold is currently showing a notable bearish momentum, with a significant black candlestick indicating strong selling pressure. Key levels of interest have been identified based on supply and demand zones as well as support and resistance levels. Supply Zone (Potential Resistance): The area around $2,723 - $2,755 USD has acted as a recent supply zone. This region could serve as a resistance point for gold if it attempts a retracement. A sell limit is set at $2,715.85 USD, slightly below this zone, indicating a potential short position if price tests this area. Demand Zone (Support Levels): Demand Zone / support is identified at $2,638, $2,622, and $2,602 USD, providing additional demand zones where buyers may enter. Risk and Reward: With a potential short position near the $2,723 - $2,755 supply zone, the stop loss is likely placed just above the upper limit of the zone to avoid being stopped out by a small retracement. Trend and Indicators: The strong bearish candlestick suggests that bears currently control the momentum. However, monitoring if gold holds support around $2,650 will be crucial to anticipate any possible recovery. If gold fails to hold the $2,650 level, it could move further down to test lower support levels, with a potential medium-term target around $2,622 - $2,602.
PEPPERSTONE:XAUUSDShort
by Mohamed_Kabesh
GOLD Technical Analysis! BUY! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2684.2 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 2718.8 My Stop Loss - 2662.8 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
Gold:Short term analysis for 07/11/2024This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions. Time Frame:1-hour The 1-hour XAUUSD chart exhibits a short-term bullish trend, with the RSI indicating a slight oversold condition. Key Levels: Poc(Point of Control): 2617 Order Block (Lower Target): 2580-2590 Resistance: 2683.00-2700.00 Immediate Support: 2643.00 Trading Bias: A breach of 2643.00 may trigger a corrective decline to the Point of Control (2617) and potentially reach the Lower Target (Order Block) at 2580-2590.
OANDA:XAUUSD
by avatarfreak