Get started
GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSDG trade ideas

GOLD is close to the current level of 2,758 USDOn Tuesday (October 29) in the Asian market, spot gold suddenly increased sharply in the short term. Gold price just touched 2,757.74 USD/ounce, setting a new intraday high and approaching the previous historical high. Traders prepare to release key economic data that will help set the tone for the Federal Reserve's next policy decision. Although tensions in the Middle East appear to have cooled, the Uncertainty about the US election still supports gold prices. The Fed will announce its interest rate decision at its two-day meeting starting November 6. Jobs and inflation data, as well as if the results of the US presidential election are contested, This could influence the Fed's decision. The market still expects policymakers to cut interest rates by 25bps at their November meeting. Lower borrowing costs are typically positive for gold, which does not yield a yield. According to CME's FedWatch Tool, the market expects the probability of the Fed cutting interest rates by 25 basis points to be about 98.4%. When the presidential election between Harris and Trump was still too close, gold had 3 consecutive weeks of increases despite the increase in US Treasury bond yields and the USD, which often puts pressure on precious metals, losing correlation. This describes both gold and USD as having separate supports. According to the latest statistics from the China Gold Association, China's gold consumption decreased by 11.2% year-on-year in the first three quarters of 2024 as high prices suppressed jewelry demand. Analysis of technical prospects for OANDA:XAUUSD Gold has had 3 consecutive days of increase and is heading for the 4th day of price increase after adjusting and taking support from the short-term price channel and the 1% Fibonacci level. Currently, gold is close to the all-time peak set previously, once gold breaks the $2,758 level which is also the target increase since gold corrected down from this level, it will have enough room to continue. upside with the next target around 2,768USD in the short term, more than the 2,786USD price points of the Fibonacci 0.382% and 0.50%. The relative strength index (RSI) is pointing up with no signs of weakness as it approaches the overbought area, suggesting that bullish momentum remains solid, and as long as gold remains within the channel it will continue to trend. short-term upward trend. However, in case it is sold below 2,700 USD, it will open up expectations for a medium-term correction down cycle with the target at the area of ​​the EMA21 moving average. In the current market context, this scenario is quite unlikely. During the day, the bullish technical outlook for gold prices will be brought into focus again by the following notable levels. Support: 2,745 – 2,741 – 2,725USD Resistance: 2,758 – 2,768 – 2,786USD SELL XAUUSD PRICE 2774 - 2772⚡️ ↠↠ Stoploss 2778 →Take Profit 1 2767 ↨ →Take Profit 2 2762 BUY XAUUSD PRICE 2730 - 2732⚡️ ↠↠ Stoploss 2726 →Take Profit 1 2737 ↨ →Take Profit 2 2742
OANDA:XAUUSDLong
by Xayah_trading
1
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
Closing my Selling order / #89 Profits rowAs discussed throughout my morning's commentary: "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. " I have closed my Selling order (#2,770.80 - #2,752.80) on a fine #18-point Profit extending my results rage to #89 Profits row and #19 Stop-loss hits regarding January - October cycle. Indeed Selling sequence lasted more however due Bull Medium-term, I did decided to close my order earlier that expected. Regardless, I have closed also my both Medium-term Buying orders on #2,790.80 which I will announce in my morning's commentary. Congratulations on Profits!
OANDA:XAUUSDShort
by goldenBear88
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
WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside. Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
TVC:GOLDShort
by goldsnipertrades
Physical demand for gold is still strong?“Gold is basically ignoring a stronger dollar and rising Treasury yields,” Michael Armbruster, co-founder and managing partner at Altavest). He believes that indicates , primarily from central banks that are committed to dedollarization of their reserves.” Similarly, Oxley pointed to speculation that the continued strength in gold is a “wider paradigm shift driven by BRICs+ central banks beefing up gold reserves to reduce reliance on the U.S. dollar,” he said. BRICs refers to an intergovernmental organization that includes Brazil, Russia, India and China. But “perhaps the most convincing argument to ‘rationalize’” gold’s latest price moves is that they’re part of a “wider ‘Trump trade’ as markets adjust to a higher probability being assigned” to a U.S presidential election win for former President Donald Trump, said Oxley. “If you’re worried about fiscal profligacy, financial repression and attacks on independence, gold would be an attractive asset,” he said. However, ”When Russia and Ukraine negotiate peace, as well as Hamas and Israel, and China’s economy recovers, then there will downward pressure on gold prices,” said U.S. Money Reserve’s Moy.Needless to say, the idea of peace seems a bit far fetched at this time.
OANDA:XAUUSD
by Alecampos83
GOLD: Trend is still bullish on intraday chartHi Traders! Gold futures are up 0.6% at $2,793.50 a troy ounce after hitting a fresh record of $2,801.70 an ounce earlier in the session. The new high reflects safe-haven demand, boosted by uncertainty around the U.S. election, says Vivek Dhar, analyst at Commonwealth Bank of Australia. The growing likelihood of a Trump presidency has likely played a role too. Former President Trump's plans raise the risk of policy disruption, geopolitical tensions and a higher U.S. debt profile, Dhar says in a research report. These have further boosted gold's appeal as a safe-haven asset. CBA expects gold to average $2,800 an ounce throughout the fourth quarter of 2024. It expects gold to rise to average $3,000 an ounce by the fourth quarter of 2025. From a technical point of view, during yesterday's session Gold reached our TARGET 1 (see chart/analysis below), at the same time, the trend seems to remain bullish, and after a corrective structure on intraday chart, Gold could reach the 2,800 area also on the spot market. 🔴 ANALYSIS TARGET 1 (click and play on chart below) Thanks for watching.
OANDA:XAUUSDLong
by TheAnonymousBanker
2
XAUUSD Trading Setup - Gold : Triangle Pattern ?Trading Setup: A Trading Signal is seen in the Gold XAUUSD Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 2739.0 ⭕️SL @ 2723.0 🔵TP1 @ 2784.0 🔵TP2 @ 2799.9 🔵TP3 @ 2840.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
OANDA:XAUUSDLong
by pullbacksignal
My #2,800.80 Medium-term Target approachingTechnical analysis: Gold has formed one narrow and one wider Ascending Channel on the Hourly 4 and Daily chart. Since Price-action broke above the #2,772.80 first Resistance with force (and comfortably Trading above it), the Hourly 4 chart’s reversal crossed into a Bullish territory, and with DX easing Overbought levels near #5-Week High's (struggling to make Bullish comeback for more than #2-session horizon), Buyers re-appeared as Gold entered the Bullish formation, with #2,792.80 - #2,800.80 as an Target extension zone. On the other hand, Selling response was expected regardless as Price-action broken the upper Bollinger bands line (last time such scenario occurred is on the September #23 fractal) and even though Technically Gold should stage serious correction already near #2,772.80, Gold is fulled by Fundamentals as I turned to Short-term Buying besides Medium-term also. As such any #10-point pullback towards nearby Support and apparent rejection remains an additional Buying opportunity. Unless the strong Support breaks (#2,772.80), Bullish sentiment remains intact however personally, break of Support could arise Sellers which could fill #2,752.80 psychological barrier on the way down, however Buying extension is far from over where #2,800.80 test remains Intra-day possibility. My position: I am Highly satisfied with my both Medium-term Buying orders (#2.0 and #3.0 Volume), both engaged on #2,712.80 with #2,800.80 benchmark as an optimal Target (this will be #3rd time to book #100-point Profit on same two orders since #2,500's). I also turned to Buying from #2,772.80 as I keep my Buying order with Stop on breakeven until #2,800.80 is realized. Do not Sell Gold at all costs even though Technically Gold is strong Sell option as sequence is solely trapping more and more Sellers on Daily basis.
OANDA:XAUUSDLong
by goldenBear88
How to Find Key Levels on Gold XAUUSD Chart Easily In this short article, you will learn how to find powerful levels on a gold chart. I will explain to you what is a key level, how to apply it in trading. We will discuss key levels and different time frames, valid and invalid key levels. I will share with you a lot of useful trading tips. First, let's start with a definition of a key level. Key level is a single important historic price level on the chart, from where a significant price movement initiated. Usually, key levels are based on the edges of candlestick wicks. Look at Gold chart on a 4H time frame. I underlined a key level. You can see how strong was a bullish reaction to that. The price tested that level, bounced up and formed a long wick. Key levels that are above current prices will be called resistances . We will assume that sellers are placing their selling orders there. Above is the example of a key resistance on Gold on an hourly time frame. The price tested 2479 level, dropped rapidly and formed a long wick. From a key resistance level, a bearish movement is expected. Key levels that are below current prices will be called supports. We will assume that buyers are placing their buying orders there. That is the example of a key support level on Gold chart on a daily. From a key support level a bullish movement is expected. Key levels that are lying close to each other will compose support and resistance clusters. Look at 2 key support levels on Gold on a 4H time frame. These 2 levels are lying very close to each other and compose a support cluster. 3 key resistance above will compose a resistance cluster on Gold on a daily time frame, because these levels lye close to each other. With time, the market tends to break key levels. If the price violated a key support level and closes below that, it turns into a resistance level. Look at a breakout of key support on an hourly time frame on Gold chart. After a candle close below that, the broken key level turned into resistance. If the price violates a key resistance level and closes above that, it turns into a support level. Above is a recently broken horizontal resistance on Gold on a 4H time frame. After a breakout, that key level turned into support. Key levels tend to lose their significance with time. Key level that is broken by the buyers and the sellers or vice versa loses the status of a key level. The underlined level was a significant resistance in the past. However, the market stopped respecting this level and it lost its importance. Remember that you can find key levels on any time frame. But key levels are not equal in their significance. Key levels that are spotted on higher time frame will be stronger than key levels that are spotted on lower time frames. On the chart on the left, I underlined key support and resistance levels on a daily time frame on Gold. While on the right, I market key support and resistance levels on a 4H time frame. Daily structures will be considered to be more significant structures. Hence, the market reaction to such structures tend to be stronger. In comparison to support and resistance areas, key levels provide the safest points to look for a trading opportunity from. Once you spotted a confirmation after a test of a key level, simply set your stop loss below a support or above a resistance. You will have a very good reward to risk ratio. Key levels play a crucial role in technical analysis of Gold. No matter whether you are day trader, scalper, swing trader or investor, key levels is the first thing that you should always start your analysis from. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
HelenP. I Gold can grow a little and then rebound downHi folks today I'm prepared for you Gold analytics. In the chart we can see how the price declined to trend line and then started to grow inside pennant. In this pattern, price some time rising near trend line and later rebounded to the support zone, which coincided with the support 2. Then price made correction, after which continued to move up and soon broke the support 2, after which rose until to resistance line of the pennant. Then Gold turned around and started to decline and quickly fell to the support 2, which coincided with the trend line and then rebounded. Price made a gap and then exited from the pennant, after which continued to move up to the support 1, which coincided with one more support zone. Soon, Gold broke this level, rose a little and made retest, after a breakout. After this movement, price rebounded and continued to move up, and now trades close 2790 points. So, in my mind, XAUUSD will reach 2795 and then start to decline to 2715 support level, which I set my goal. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we wouldn’t be looking to long for the early part of the week, instead gave the path moving up into the 2727 and 2742 price targets where we wanted to attempt the short. This worked well during the early part of the week, but we didn’t get to complete the move, instead our red boxes kicked in and we continued to look upside into the 2739 and 2745 price point. We then updated traders with the hotspots at the 2750-55 region and suggested looking for a reaction in price there mid-week which was tapped into and rejected giving the lovely move down that we experienced completing the first red box target 2710 before the bounce upside. It wasn’t an easy week, very choppy and frustrating with burst of volume but we didn’t do to badly completing 6 gold Excalibur targets on top of the bias level targets and the red box targets. Small stops and big captures should have given our followers a decent week on Gold moving level to level with the red boxes we share as well as KOG’s bias of the day. Excalibur performed again with 21 targets completed across the other pairs we trade. So, what can we expect in the week ahead? For this week we’re seeing a little more bullish movement on Gold but there’s a level above which needs to be watched and needs to be broken for us to go higher and target that 2800 level! So we’ll look for price to attempt the 2750-55 region during the early session and if rejected there is potential for the pullback to present itself into the 2735-32 red box defence. It’s this 2732-35 region we feel an opportunity to the long is available back up to attempt 2763 and above that 2765. Please note, 2765 is the level we need to break and hold above for us to attempt to target higher pricing for now. Those looking to attempt the short trades should be looking at the levels of 2760-5 and if broken 2780-5 for opportunities to capture the pullbacks and maybe even a short swing. Now, we have a slight issue here with the extension of the move this week and with a lot of news to come together with it being the end of the month, we’re concerned about profit taking and a potential sell off, so for that reason, we’ll play level to level on the upside picking the right levels and using the red boxes for our entries and exits which have proven to give the 50-70pip captures quite easily. KOG’s BIAS FOR THE WEEK: Bullish above 2730 with targets above 2755, 2762 and 2779 Bearish on break of 2730 with target below 2709 RED BOXES: Break above 2755 for 2762, 2768, 2780 Break below 2742 for 2732, 2720, 2709 Good luck for the week. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
9