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XAUUSDG trade ideas

GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our plans to buy dips playing out perfectly! Market opened with a gap down hitting our bearish target at 2636 followed with a cross and lock opening the retracement range. 2728 Goldturn was hit perfectly followed with a bounce into 2736 and now heading towards 2746. We already had a candle body close above 2746 before market open with a gap above at 2752. Ema5 cross and lock above 2746 will open the full range above. Failure to test and break 2746 will see price test the lower Goldturns again, keeping in mind the full retracement range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET 2752 2762 BEARISH TARGETS 2736 - DONE EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2728 (DONE) - 2720 EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2707 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
Gold Price Analysis October 31Fundamental Analysis The US Dollar (USD) attracted some buying on the dip and now appears to have halted its corrective slide from three-month highs amid bets on a slower pace of rate cuts by the Federal Reserve (Fed), supported by strong economic data. This, coupled with concerns over the growing US fiscal deficit, continued to push US Treasury yields higher and limited the upside in the non-yielding yellow metal as it remained mildly overbought on the daily chart. Traders also appeared reluctant to place fresh bullish bets on Gold, opting to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. In addition, the closely watched US Non-Farm Payrolls (NFP) report on Friday will be looked at for clues on the Fed's interest rate outlook, which will boost demand for the precious metal. Technical Analysis After a strong reaction around 2771, the session port zone was formed and is the immediate support level today for gold prices to react. 2756-2758 is noted in the area after which is a notable break point. In the resistance direction, SELL orders are not very favored. Ahead is the ATH level 2789, which is not too trustworthy, the second level around the port in 2799-2801. With the next resistance point, pay attention to the psychological level 2810. Wish everyone a successful trading with my analysis.
OANDA:XAUUSD
by TVS-Trader
9
XAUUSD: Watch for Buyer at major support.The Large range of 11 Day trading has forming up. Just pay attention at "11 Day VAL" zone. Price may move up and down between "11 Day HVN" and "11 Day VAL". Which is a battle zone between Buyer and Seller. ============== Green direction: If the price couldn't break "11 Day VAL". We might expect that buyer will step in and push the price higher back to "Last week POC" and "YPOC" level. -------------------- Red Direction: If the price break down deeper to major support. We will expect that Buyer won't have enough power to push the price over "11 Day HVN".
CFI:XAUUSD
by chaorua
SHORT TERM PULL BACK - EXPECT BOUNCE TO 3,000 End of the month was text-book played and the market cut a chance of profits they've had all year long. That does not mean the trend is over or there will be a change in major direction for gold. Expect a short term bearish market illusion carefully designed by the algorithms and smart money, to induce sellers more and more. Expect very "perfect resistance" levels being created (ENGINEERED LIQUIDITY), where retail sellers are going to be pacing all of their short stops (which are actually buy stop orders). Once the market reaches a strong enough psychological level (I personally believe it's going to be 2600), than smart money will buy back all of the retail short positions to target all time highs above 2800. - GOOD LUCK,
OANDA:XAUUSDLong
by PersaGold
Gold's Next Target 2800Instrument: Time Frame: 3H Observations: 1. GOLD is moving in a traingle chart pattern that momentum started from 18 October. 2. Support and Resistance Zone also observed that has changed the direction of trend many times. 3. Price reversed to Bearish in last days upon hitting the resistance zone 2785_2790. As the market will open it will change it's direction again after Touching Support Zone at 2725_2730 4. Current price action shows respect for the Resistance zone that is lying at 2800 means soon we will see bullish trend. Trading Strategy: Gold Buy at 2725_2735 Take Profit1= 2750 Take Profit2= 2780 Take Profit3= 2800 Stop Loss= 2715
TVC:GOLDLong
by Fxjames0009
1
Gold after U.S. election : Since rising tensions have played a significant role in the recent increase in gold prices, let’s look at each U.S. presidential candidate’s approach to handling these tensions and their future plans. Kamala Harris, representing the Democratic Party, is focused on diplomatic efforts to reduce conflicts in the Middle East. She generally follows the Biden administration's approach, aiming to ease hostilities through aid and international agreements, including a two-state solution for Israel and Palestine. This approach may help stabilize markets by reducing the volatility tied to prolonged conflicts. Donald Trump, the Republican candidate, takes a more aggressive stance. He supports a strong alliance with Israel, endorses military responses to threats from Iran and its regional affiliates, and prioritizes U.S. strength and independence. Trump's “America First” stance could lead to continued or heightened tensions, which historically correlates with higher gold prices due to investor flight to safe-haven assets. In summary: Kamala Harris: Diplomatic de-escalation, which may stabilize gold prices. Donald Trump: Military strength and strong alliances, likely to keep prices high in case of increased tension. These policy differences could significantly impact markets depending on which candidate wins. Please support us by liking and leaving comments!
OANDA:XAUUSD
by habib75rajabi
GOLD - XAUUSD - INTRADAY IDEAThis XAUUSD - GOLD chart is according to M15. Execute the long once the candle closes above the marked zone we could have longed right away if we were in a running market but the market is closed. Execute the price at the exact price mentioned, NO FOMO. 💡KEEP IN MIND💡 I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market. 🚀Follow, I will drop daily 2-5 Intraday Charts🚀
OANDA:XAUUSDLong
by abdulmoizboy
THE KOG REPORT - Update End of day update from us here at KOG: Yesterday we said we would be looking for the pull back into the lower support regions in order to long again and attempt the outstanding target in Gold 2779 and 2780. Both these targets are now complete but we didn't get the entries that we wanted for them. Instead, we had to switch to the red box indicator which gave us a few decent trades for the day in to the levels that we wanted. We are getting the RIP's from the regions we've highlighted, but nothing significant to be able to say we're going to see the swoop we want. Now, again, I'm happy to sit and wait, we're too high to want to long due to potential profit taking and we still have higher levels open for the target. 2790, 2800 and above that 2804 which are sitting above the red box support are there, however, we have a pullback region of 2765 which gives us the potential range. I would rather we short from higher, or attempt the long from lower, otherwise, the range is to be played 2775 to 2795. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
GOLD → Risks are rising and so is the price. News ahead! FX:XAUUSD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race. Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold. The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks. Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa. Resistance levels: 2789, 2800 Support levels: 2777, 2771, 2758 Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we said we would continue with the plan and look to complete our targets which has worked well today. Our red boxes performed well as well as our bias bearish below level which gave the tap and bounce from 2771, we wanted 2770. Targets completed today: 2755, 2762, 2768 This leaves us with one target level remaining sitting at the 2779 and 2780 price points, which if we can support at the indicated levels we feel should be achieved. We're too high now again to long so unless we get a pullback, we'll follow the plan and look for RIPs from the higher levels for the attempt to short. A great day on the markets completing not only the gold targets but another 10 targets hit across the other pairs we apply the algo to. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
3
XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart XAUUSD touched the support level of 2,734.00 General outlook XAUUSD has been under selling pressure within the last day. The pair moved to the support level of 2,734.00. Possible scenario The best way to use this opportunity is to place a buy stop order at 2,736. Set your stop loss at 2,727. below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,788. ($52.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. this idea for Monday use it on Monday hope we hit our target.
TVC:GOLD
by CHRLEEEXPERT
HelenP. I Gold will make small correction and then continue riseHi folks today I'm prepared for you XAUUSD analytics. If we look at the chart we can see how the price some days ago rebounded from the trend line and rose to support 2, which coincided with the support zone. Then the price broke this level and then continued to move up, until it reached 2680 points, after which it turned around and made a correction movement to the trend line. When Gold reached this line, the price broke it and dropped to support 2, but soon turned around and in a short time rose to the trend line and even made a gap. Then price some time traded near the trend line and later broke it. After which Gold reached support 1, which coincided with one more support zone, broke it, and rose even higher in this area. But sometimes, the price fell to the support zone, and now it rising. For this case, I expect that XAUUSD will make small correction and then continue to move up, therefore I set my goal at 2775 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
15
XAUUSD 1M1. Elliott Wave Analysis Wave 5 Completion at 1.618 Extension (2,747.14): The chart shows Wave 5 peaking at $2,747.14, corresponding to a 1.618 Fibonacci extension. This level is typically a significant reversal point, suggesting potential for a corrective move downwards. ABC Corrective Pattern Projection: After the completion of Wave 5, an A-B-C correction is projected. The expected trajectory shows a downward movement to the liquidity void zone, followed by a potential retracement up in a Wave B before a final decline in Wave C. 2. Wyckoff Distribution and Accumulation Phases Phase B (Accumulation - $1,046.23 to $1,920.80): This region marks the accumulation phase with a Sign of Weakness (SOW) in Phase B, where price forms a base before starting the upward trend. Notably, price action within this phase shows consolidation, preparing for a breakout. Phase C (Mark-Up): After the accumulation, price enters the mark-up phase, breaking past resistance and forming new highs. This phase is highlighted by significant upward momentum, taking the price into higher Wyckoff distribution phases. Distribution Pattern in Recent Highs: The recent highs around $2,747.14 align with Upthrust (UT) and Upthrust After Distribution (UTAD) signals, suggesting the end of the mark-up phase and a shift towards potential distribution. 3. Key Fibonacci Levels and Extensions 1.236 Extension (2,744.68): This level is another Fibonacci extension associated with Wave 5, acting as a point of possible reversal. Volume divergence at this level further indicates potential weakness in upward momentum. 0.618 Retracement (Inducement Wave 4): A 0.618 retracement from the previous lows serves as a key support level. If price retraces here during the corrective phase, it may offer a possible entry for continuation trades. 4. Liquidity Zones and Order Blocks Liquidity Void (3M): There’s a liquidity void in the three-month time frame, which price might revisit during the corrective move. This void represents an inefficiency where price could fill gaps created by the upward trend, making it an area of interest for re-entries. Buy-Side Liquidity (BSL): The Buy-Side Liquidity area near the recent highs includes stop losses and limit orders, making it a zone where institutional players might target liquidity. 5. Support and Resistance Levels Resistance Line - BC Distribution (1,920.80): This level acts as a strong resistance line in the accumulation phase. If price revisits this area, it may encounter selling pressure. Support Line - AR Distribution (1,525.84): The support around $1,525.84 represents the Automatic Rally (AR) point in the Wyckoff structure, marking a potential level of demand if price retraces to this level. 6. Break of Structure (BOS) BOS in Wave 3 (12M): The Break of Structure in Wave 3 on the 12-month chart indicates a potential shift in the trend’s momentum, suggesting possible trend continuation or reversal. BOS within Phase B (3M): Another BOS is marked in Phase B, highlighting a structural shift in sentiment. This often leads to an uptrend or a change in market direction as the BOS level confirms a key pivot point. 7. Dealing Ranges and Key Points of Control (POC) Dealing Range (12M-3M): This range, spanning the recent swing highs and lows, establishes boundaries within which price is expected to fluctuate. The Point of Control (POC) within this range often corresponds with areas of high volume, which could act as pivotal zones for price movement. Current Trend (Dealing Range for Wave 4): The range defined for Wave 4 provides insight into ongoing price action. Watching for breakouts or breakdowns within this range could indicate the next potential trend direction. 8. Proposed Trading Plan for Upcoming Weeks Short-Term Correction Expected: With Wave 5 likely completed, a corrective A-B-C structure appears probable. This suggests a short-term downtrend toward lower support zones. Target Zones: Downside: Potential retracements to $1,920.80 and $1,525.84 are key areas to monitor. These support levels could act as potential bounce points or re-entry zones if the price holds. Upside Resistance: If price revisits the recent highs near $2,747.14, look for bearish setups, as this level may act as strong resistance in the corrective phase. Volume and Divergence: Watch for volume divergence or signs of weakness at the 1.618 and 1.236 extensions to gauge the potential for continued reversal. This can provide additional confirmation for trend reversal setups. Summary of Key Observations Wave 5 completion at $2,747.14 suggests corrective phase ahead. Wyckoff Distribution structure signals potential downside with liquidity voids targeted. Key Support and Resistance zones at $1,920.80 and $1,525.84. Expected A-B-C Correction aligns with price filling previous gaps and testing support.
FX:XAUUSDShort
by spacedevil
XAUUSD 3M 1. Elliott Wave Structure and Key Levels Wave 5 Completion (2,747.14): The fifth wave peaks around $2,747.14, reaching a 1.618 extension, suggesting this could be a point of reversal. The formation of volume divergence at this level indicates potential weakness in bullish momentum, marking a critical level to watch for a possible trend change. Wave 1 (Current Correction Phase): The chart shows a beginning corrective move from Wave 5, indicating an A-B-C structure may follow. This corrective phase could bring prices down to fill previous gaps and approach key support levels. 2. Wyckoff Phases and Distribution Structure Phase A (Accumulation - $1,046.23 to $1,512.84): This phase includes a consolidation around the $1,046.23 low and forms the base before a significant rally. The Automatic Rally (AR) and Secondary Test (ST) suggest the end of Phase A and a potential upward shift in market sentiment. Phase B (Mark Up and Distribution at Resistance): After accumulation, prices move up in a mark-up phase, testing the Resistance Line of BC Distribution. This area includes Upthrust (UT) and Upthrust After Distribution (UTAD), which are signs of potential distribution before a downtrend. Phase C (Breakdown Expected): Phase C may involve the start of a downtrend from Wave 5, with price likely returning to lower levels for further testing. This phase includes the Sign of Weakness (SOW) and anticipates a retest of support near $1,512.84. 3. Fibonacci Levels 0.618 Retracement ($890.62): The 0.618 retracement level is marked as a strong support, below which price should not pass without invalidating the bullish wave structure. This level could act as a long-term support area during the corrective phase. 1.236 Extension ($2,369.74): The 1.236 level marks a significant potential reversal area for Wave 5. A move back to this level could signal the completion of a deeper pullback, possibly a key point of interest for traders looking for long-term entries. 4. Liquidity and Key Order Blocks Liquidity Void: The chart highlights a liquidity void in the three-month time frame (3M), representing an area where price may revisit to fill previous inefficiencies. This void may act as a magnet, attracting price downward in the corrective phase. Buy-Side Liquidity (BSL) Area: The Buy-Side Liquidity (BSL) near the recent highs represents a key area where stop losses and limit orders are likely concentrated. This region may experience volatility as larger players look to capitalize on retail stop losses. 5. Support and Resistance Lines Resistance Line - BC Distribution ($1,720.00): The $1,720.00 level acts as a key resistance line in the distribution phase. A break above or below this level in Phase B may confirm the direction of the trend and could signal a shift in momentum. Support Line - AR Distribution ($1,512.84): The $1,512.84 level serves as a critical support in the accumulation phase and may act as a bottom if the market revisits this area in the corrective structure. 6. Break of Structure (BOS) and Market Sentiment Shifts BOS Wave 3 (12M): The Break of Structure (BOS) in Wave 3 on the 12-month chart signals a major structural shift, often indicating the end of one trend and the beginning of another. This point may see increased volatility and shifts in market sentiment. BOS in Phase B (3M): The BOS within Phase B on the three-month time frame highlights potential points of interest for continuation or trend reversal. It indicates that a shift in sentiment may occur, influencing market participants to prepare for trend changes. 7. Dealing Ranges and Points of Control (POC) Dealing Range (12M-3M): This range, marked at recent swing high and low levels, provides a boundary for price movement, with the Point of Control (POC) likely aligning with high-volume areas. The dealing range helps in identifying areas where price could consolidate or reverse. Current Trend (Dealing Range for Wave 4): The range defined for Wave 4, including swing highs and lows, offers insight into the ongoing market structure. Observing price behavior within this range helps to gauge the momentum of the corrective wave. 8. Next Week’s Trading Plan Primary Strategy: The corrective phase is expected to continue, with a probable downward move to fill liquidity voids and test lower support areas. Key Target Levels: Downside Targets: Monitor support around $1,720.00 (Resistance Line) and $1,512.84 (Support Line). These levels could provide entry points if price tests and holds as support. Upside Targets: Watch for potential shorting opportunities if price retests resistance near the recent swing high at $2,747.14. Risk Management: Stop-loss orders should be placed above recent highs around $2,800.00 to manage risk if there’s an unexpected upward move. Volume and Price Action: Look for volume divergence or signs of weakness near resistance levels, especially around the 1.618 level ($2,747.14), as they could signal a trend reversal. Summary of Key Points Wave 5 likely completed at $2,747.14, with a corrective A-B-C structure now underway. Wyckoff Distribution phase suggests further downside as Phase C unfolds, targeting key support levels. Liquidity voids and POC levels act as magnets for price, which may revisit these areas during corrections. The Resistance Line at $1,720.00 and Support Line at $1,512.84 are essential for tracking entry and exit points in line with the current downtrend.
FX:XAUUSDShort
by spacedevil
XAUUSD 12M 1. Elliott Wave Structure Overview Wave 1 to Wave 5 (Impulse Waves): The chart outlines a classic five-wave impulse structure, indicating a long-term uptrend for XAU/USD. This sequence suggests a series of strong moves up, with each wave climbing to higher price levels. Wave 5 Completion: The fifth wave appears to have reached its final stages, potentially signaling the invalidation extension above Wave 5 if the price moves higher than 3,187.83. This marks the end of the impulsive phase and could lead to a corrective phase (A-B-C pattern). 2. Corrective Phase (A-B-C Waves) Wave A (Initial Decline): If Wave 5 is complete, we may see an initial decline in prices, marking the start of Wave A in the corrective phase. This move typically retraces the preceding impulse and could lead prices toward lower support levels. Wave B (Corrective Rally): Wave B is often a short-lived rally within the larger downtrend and may present a false breakout or inducement for retail traders. This rally can lure traders into buying prematurely, only for the market to resume its decline. Wave C (Continuation of Decline): Following Wave B, Wave C typically resumes the downtrend. This final corrective wave might present a significant buying opportunity as it reaches strong support levels, such as the Point of Control (POC) around the 1,400.00 area, a common zone of equilibrium in the market. 3. Key Fibonacci Levels and Their Importance 0.618 Retracement: Fibonacci retracement levels like 0.618 are crucial for identifying support zones during corrections. This level, marked at around 890.62, is annotated as MUST NOT PASS WAVE 1 INVALIDATION, indicating a strong support area in the corrective phase. 1.236 and 1.618 Extensions: The 1.236 and 1.618 Fibonacci extensions are key indicators of possible trend exhaustion. Specifically, 1.618 at 2,778.78 is noted as the potential maximum for Wave 5, signaling an area of volume divergence where momentum might start to weaken. 4. Volume Divergence and Implications Divergence in Volume on Wave 5: A decrease in volume while prices continue rising (volume divergence) in Wave 5 implies that buyer momentum may be fading. This could be a signal of an upcoming reversal or correction phase, aligning with the start of Wave A in the corrective structure. 5. Break of Structure (BOS) Key BOS Levels: Break of Structure (BOS) marks areas where the market structure changes direction, signaling potential trend shifts. For example, BOS MSS Wave 1 (12M) indicates a structural shift in the first wave that could influence future trend changes. BOS in Wave 3 (Potential Trend Shift): The BOS in Wave 3 may guide the corrective phase. If these BOS levels hold, they serve as critical areas of support or resistance during corrections, guiding potential entry or exit points. 6. Price Levels of Interest Point of Control (POC): The POC, a high-volume node around 1,400.00, represents a point of interest and a key equilibrium area. In corrective phases, prices often return to this level, serving as strong support and a potential buy zone. Premium and Discount Zones: The chart uses premium and discount zones to signify favorable buying and selling areas. The discount zone reflects levels where prices are seen as relatively low, and a buy opportunity might arise. Conversely, the premium zone signals overbought conditions and potential sell opportunities. 7. Market Psychology and Retail Traps Inducement and False Breakouts: Terms like inducement Wave 4 (12M) highlight areas where retail traders may be led to buy or sell at suboptimal times. The fake breakout in Wave 4 suggests that traders might be lured into taking long positions, only for the market to reverse downward. Markup Phase (12M): The markup phase typically occurs when institutional players drive prices higher, accumulating positions at lower levels before pushing the market up. The return to the flip zone indicates where institutional interest often lies, triggering rallies as it becomes a point of interest. 8. Next Week’s Trading Plan Based on the analysis above, here’s a structured plan: Primary Strategy: Seek short-selling opportunities if the chart is entering Wave A of the corrective phase, with the expectation that the market may decline in the short term. Target Levels: Wave A Support Zone: Watch for reactions at the 0.618 retracement level, around 890.62, which is annotated as a must-not-pass zone for invalidation. This area could attract buying interest if the price dips. Wave B Resistance Zone: If Wave B forms, consider this a temporary rally. Short positions might be ideal if the price reaches the premium zone, signaling overbought conditions. Wave C Completion: Look for a significant buy zone if prices reach key levels, such as the Point of Control (POC) near 1,400.00, marked as a point of interest and equilibrium zone. Risk Management: Place stop-loss orders above the invalidation extension above Wave 5 at 3,187.83 to control risk if the wave count is proven wrong. Volume and Price Action: Monitor volume spikes and price action during corrective moves to confirm trend reversals or trend continuations. Summary of Key Points The analysis suggests that Wave 5 may have peaked, with a corrective A-B-C structure likely to follow. The corrective phase provides potential sell opportunities in Wave A and B, while Wave C could mark an ideal buy zone. Use premium and discount zones to identify favorable buying and selling areas, and watch for retail traps like inducement and false breakouts. Equilibrium areas like the POC (around 1,400.00) serve as potential support zones for longer-term buy positions.
FX:XAUUSDShort
by spacedevil