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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

Gold Price Potential Upside with a Bullish Channelhello guys. Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend. Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel. Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back. Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook. Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
OANDA:XAUUSDLong
by melikatrader94
13
GOLD (XAUUSD): One More Bullish Wave is Coming?! Gold is currently stuck within a horizontal range on a daily. The price is approaching its upper boundary at the moment. Because the trend is strongly bullish, chances will be high to see a further bullish continuation. Your reliable confirmation will be a breakout and a daily candle close above the underlined resistance. The next goal for the buyers will be 2780. Alternatively, the market may continue consolidating and trading within the range. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
1
Gold Short: Pullback from Overbought HighsCurrently, Gold (XAU/USD) is showing signs of nearing overbought levels, with price action testing the upper resistance channels on the 30-minute timeframe. A descending trendline aligns with key Fibonacci retracement zones, suggesting a potential reversal opportunity from recent highs around $2,764. In this setup, I’m monitoring price action around the trendline for any signs of rejection, which could indicate the start of a short-term downward movement. The Relative Strength Index (RSI) is approaching overbought territory, currently close to 69, which often signals an imminent pullback. This, combined with recent highs, gives a strong technical basis for a short position targeting a reversion to lower support levels. Fundamental Context: Fundamental factors are adding weight to this setup. Market sentiment remains risk-off due to persistent geopolitical uncertainties in the Middle East and a closely watched U.S. presidential election, both of which have driven safe-haven demand for Gold. Additionally, there is a 96% market expectation for a Fed rate cut of 25 basis points, creating a low-interest rate environment, further supporting bullish Gold sentiment. However, despite these bullish drivers, any signs of easing in geopolitical tensions or unexpected outcomes in the Fed’s rate decision could diminish the upward momentum. Combined with RSI overbought conditions, this presents a tactical opportunity to capitalize on a potential corrective move in Gold’s price. Trade Plan: 1. Entry: Short position near the $2,755 resistance level. 2. Stop Loss: Set above the recent high around $2,770 to guard against a false breakout. 3. Target: Initial target at $2,720, with potential to add partials or adjust if price action shows signs of reversal. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
Understanding Forex CorrelationA Comprehensive Guide to Forex Pair Correlation Strategies Forex correlation is a powerful tool that can help traders understand how currency pairs move in relation to each other. It’s an essential concept that, when used correctly, can improve risk management, enhance profits, and provide valuable insights into the behavior of different currency pairs. The image you've provided breaks down key aspects of forex pair correlation, including positive correlation, negative correlation, and hedging strategies. In this article, we’ll dive deeper into what forex correlation is, how it works, and how you can use it to your advantage in your trading strategies. What Is Forex Correlation? Forex correlation refers to the relationship between the movements of two different currency pairs. When two currency pairs move in tandem or in opposite directions, they are said to be correlated. Correlation can be positive, where both pairs move in the same direction, or negative, where the pairs move in opposite directions. Traders use correlation data to understand potential risks and opportunities. Understanding the relationships between currency pairs allows you to diversify your trades, hedge positions, or double down on strategies based on the expected movements of correlated pairs. Types of Forex Correlations 1. Positive Correlation When two currency pairs move in the same direction, they are said to have a positive correlation. For example, EUR/USD and GBP/USD often have a positive correlation because both pairs share the USD as the base currency, and they tend to respond similarly to events affecting the U.S. dollar. Example of Positive Correlation: If EUR/USD is rising, GBP/USD is also likely to rise due to the influence of the U.S. dollar. Strategy for Positive Correlation: Traders can use positive correlation to open the same-direction positions in both pairs to amplify gains. However, keep in mind that a highly correlated pair will also double your risk if the market moves against you. 2. Negative Correlation When two currency pairs move in opposite directions, they are said to have a negative correlation. For instance, USD/JPY and EUR/USD often have a negative correlation. When the U.S. dollar strengthens against the Japanese yen (USD/JPY), it may weaken against the euro (EUR/USD). Example of Negative Correlation: If EUR/USD is rising, USD/JPY may be falling due to changes in the strength of the U.S. dollar. Strategy for Negative Correlation: Traders can open opposite-direction positions in negatively correlated pairs to offset potential losses. For example, if you are long on USD/JPY and the trade turns against you, holding a short position in EUR/USD can help balance the loss. How to Calculate Correlation Correlation is typically measured on a scale from -1 to +1: +1 means that two currency pairs are perfectly positively correlated. This means they will move in exactly the same direction at all times. -1 means that two currency pairs are perfectly negatively correlated. This means they will always move in opposite directions. 0 means no correlation exists, meaning the pairs move independently of each other. Many trading platforms provide correlation matrices or tools to help you understand the correlation between different pairs. These can be updated in real time or calculated over different time frames (daily, weekly, or monthly). Why Forex Correlation Matters for Traders Understanding forex correlation is crucial for several reasons: 1. Risk Management By using correlation strategies, you can manage your risk more effectively. For example, if you have two highly correlated positions, you're effectively doubling your exposure to the same market conditions, which can increase risk. On the other hand, trading negatively correlated pairs can help reduce exposure to one-sided market movements. 2. Diversification Forex correlation helps you diversify your portfolio by balancing positively and negatively correlated pairs. Proper diversification ensures that you aren’t overly exposed to one currency or market, providing better protection against volatile market movements. 3. Hedging Opportunities As shown in the image, hedging with correlations allows traders to use correlated pairs to balance risk and protect investments. If one pair moves against you, a correlated position in another pair can help minimize the loss. This is a strategy that advanced traders often use during periods of high market uncertainty. Using Forex Correlation Strategies 1. Hedging with Correlations A popular strategy involves using negatively correlated pairs to hedge positions. Let’s say you have a long position in EUR/USD. You might take a short position in USD/CHF to reduce exposure to potential USD weakness. If the U.S. dollar weakens, your EUR/USD trade may incur a loss, but the short USD/CHF position can offset that loss. 2. Trading Positively Correlated Pairs When trading positively correlated pairs, you can open same-direction positions to amplify gains. For instance, if you anticipate the U.S. dollar weakening and are bullish on both the euro and the British pound, you might go long on EUR/USD and GBP/USD. In this case, your profits could multiply if both trades move in your favor. However, this strategy also increases risk since losses would be compounded if the U.S. dollar strengthens instead. 3. Avoiding Over-Exposure While correlation strategies can help increase profits or hedge risks, they can also lead to overexposure if not carefully managed. For example, trading multiple highly correlated pairs (e.g., EUR/USD, GBP/USD, AUD/USD) simultaneously can result in taking on too much risk in a single direction, especially if the market turns against you. To avoid overexposure: Check correlation matrices regularly to understand current correlations. Adjust trade sizes based on the degree of correlation between pairs. Avoid trading multiple pairs that have a perfect or near-perfect correlation unless you are intentionally doubling down on a strategy. When to Use Forex Correlation Strategies During High Volatility: Correlation strategies are particularly useful when the market is volatile, and you want to either reduce your risk through hedging or amplify your profits by trading positively correlated pairs. Economic News Events: Major news events often affect several currency pairs simultaneously. By understanding the correlations between pairs, you can plan for potential reactions and adjust your strategy accordingly. Portfolio Balancing: Long-term traders can use forex correlations to balance their portfolios, ensuring they are not overly exposed to any single currency or market condition. Conclusion Forex correlation is an essential concept for traders seeking to manage risk, diversify portfolios, and maximize profits. By understanding how different currency pairs relate to each other, traders can build more robust strategies that leverage both positive and negative correlations. Whether you're looking to hedge your positions, amplify your gains, or simply protect your investments, correlation strategies offer valuable tools for navigating the complex forex market. Be sure to incorporate correlation analysis into your overall trading plan to enhance your decision-making process and boost your chances of success in the forex market. Happy trading!
FX:XAUUSDEducation
by pow_removetheguesswork
XAUUSD See when to sell and when to buy.Gold (XAUUSD) has been trading within a Channel Up since the August 05 Low and since last Tuesday, the price action has turned sideways to the point that the 1D RSI is breaking today below its MA trend-line. This is a break-out consistent with the start of the previous two Accumulation Phases of the pattern, but in order to confirm this we need the RSI to close the day below it. At the same time the price remains bullish as long as it is being supported by the 4H MA50 (red trend-line). If both break, it would mean that the new Higher High of the Channel Up is in and that the best action would be to buy near the bottom again (2,700). If on the other hand the 4H MA50 holds and the 1D RSI closes above its MA, we will stay bullish, targeting 2800 and then reversing to a sell towards the bottom of the Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
The Emotional Appeal of Gold: Is it Worth its Weight?Gold. The word alone carries a certain weight. For centuries, it has held a place not just in our vaults but in our hearts, symbolising wealth, power, and security. But why, in a world of ever-evolving financial markets and digital assets, does gold continue to hold such an emotional appeal for investors? And more importantly, what are the risks we may overlook? A History Wrapped in Emotion From ancient Egypt to the Roman Empire, gold was more than a precious metal—it was a status symbol, a sign of divine power. Civilisations believed it to be the stuff of the gods, a shimmering proof of stability. Fast forward to today, and we still see this ancient reverence playing out in modern investment decisions. There’s something psychological about gold. It doesn’t rust. It doesn’t degrade. It stands the test of time, both physically and emotionally. Investors, whether consciously or not, tap into this deep-rooted belief that gold is eternal, a safe haven that can withstand the chaos of the world. However, while gold may feel like a timeless asset, it’s crucial to acknowledge that its value fluctuates like any other investment. In times of calm or economic growth, gold often underperforms compared to riskier assets like equities. Investors seeking returns may find gold’s price stagnant or even declining during bull markets (past performance is not indicative of future results). The Comfort of Tangibility—But at What Cost? In a world increasingly dominated by invisible assets like cryptocurrencies and complex derivatives, gold offers something unique: tangibility. You can hold it, feel it, store it in a safe. There’s a psychological comfort in that—a sense of control that many investors crave, especially in times of uncertainty. But physical ownership comes with its own set of challenges. Storage and insurance costs can erode potential gains, and in some jurisdictions, tax implications can be significant when selling gold. While the emotional anchor of tangibility is appealing, investors must weigh the practical considerations, such as liquidity and costs, when opting for physical gold versus other forms like ETFs or mining stocks. Trust in Uncertainty—But Volatility Still Applies Gold’s appeal lies in its track record during turbulent times. When things get shaky—whether due to inflation, war, or economic crises—gold shines brightest. Historically, it has been seen as a hedge against inflation and currency devaluation. Yet, while gold has traditionally performed well in uncertain environments, its price can still be subject to sharp drops. For instance, after the 2011 gold bubble, prices tumbled and took years to recover. Relying on gold as a ‘safe bet’ ignores its potential volatility, particularly when market conditions change abruptly. Gold’s Journey Through Time —A Chart Analysis To understand the emotional and financial significance of gold, a long-term price chart provides powerful context. Gold has had its moments of glory, but it has also experienced significant downturns. One of the first major spikes occurred during the 1970s inflation crisis , when rampant inflation eroded the value of paper currencies. But investors should note that gold also dropped sharply after inflation stabilised, reminding us that it is not immune to market corrections. Fast forward to the 2008 Financial Crisis : Gold became a beacon of security, with prices soaring. However, those who bought at the peak faced years of waiting for prices to return to those levels. The 2020 pandemic provided another powerful example of gold’s reliability, but by 2021, prices had cooled off as the global economy stabilised, once again highlighting gold's cyclical nature. Investors need to consider these fluctuations before placing full trust in gold’s stability. It may be seen as a ‘safe haven,’ but that doesn’t mean it’s free from risk. The Technical Setup: Stability in Volatility—But Patience Is Key From a technical analysis perspective, gold’s price chart often reflects its dual nature as both a stable asset and a volatile one. Long-term moving averages show gold’s upward trend, but the market also reveals periods of consolidation and sharp corrections. While technical indicators like the Relative Strength Index (RSI) show sustained demand for gold, they also warn against overbuying during market euphoria. Investors looking at gold for long-term capital preservation must be prepared for periods where gold’s price may stagnate or decline—patience is key, and timing the market becomes crucial. A Safe Haven for All Seasons—But Not Without Drawbacks Gold has earned its reputation as a cyclical asset that investors turn to in times of crisis.However, relying solely on gold can expose portfolios to additional risks, such as liquidity issues, volatility, and opportunity costs. During periods of economic expansion, equities and other riskier assets might outperform gold, leaving those heavily invested in gold with limited gains. Furthermore, gold’s correlation with inflation and interest rates isn’t perfect. In some high-interest rate environments, gold may underperform as other income-generating assets become more attractive. As such, it’s essential for investors to view gold as part of a diversified strategy rather than a one-size-fits-all solution. Conclusion: Gold Is More Than Metal—But It’s Not Without Risk While modern investors may seek higher yields or exciting potential, gold remains unique in its emotional and cultural significance. It’s not just about the price per ounce—it’s about trust, security, and the timeless allure that makes it more than just metal in the eyes of investors. However, despite its long history and emotional appeal, gold is not a risk-free asset. Investors must approach it with a balanced view, recognising both its benefits as a safe haven and its limitations in terms of price volatility and opportunity cost. Gold, quite simply, feels safe—but feeling safe doesn’t always guarantee financial security. In the volatile world of finance, the emotional connection to gold is worth acknowledging, but investors must stay grounded in the risks that come with this timeless asset. Is the emotional connection worth its weight in...well, you know? The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
XAUUSD 27/10/24Continuing from last week's analysis on gold, we are again anticipating higher prices as we enter this trading week. We don’t expect the trend to change unless there's a clear reason, such as breaking below key lows and staying bearish for an extended period, which could signal the start of potential sell-offs. However, for now, we're not considering this scenario. We have three key reference points: the primary target is another all-time high this week. Watch for price to dip below lows that hold liquidity, and then aim for the target at the all-time high. Follow the upward trend of large bank orders and look for a good entry if we see a pullback. Trade safely and stick to your risk management.
OANDA:XAUUSD
by rosshayes
GOLD IS GOING TO MAKE NEW HIGH PEAK??Gold prices may increase next week due to concerns about Israel's attack on Iran, but if Iran does not respond gold prices may decrease slightly. In addition, important economic data will be released, especially the non-farm payrolls (NFP) report. Information about the US Personal Consumption Expenditure Index (PCE) also attracts attention, because high inflation and a weak labor market may cause the FED to only cut interest rates by 25 basis points this month. next. This can create profit-taking pressure, negatively affecting gold prices. Technically, from a short-term perspective on the H1 chart, the gold price still shows an uptrend when the price is above the EMA89 moving average. Next week, if the gold price trades above the 2720 threshold, we can expect the price to continue to conquer the round resistance level of 2800. In case the support level of 2710 is broken, the immediate gold price will decrease and adjust to around the 2680 mark- SETUP TO TRADE ✨ SELL GOLD PRICE 2801-2799 Stoploss 2805 BUY GOLD PRICE 2679-2681 Stoploss 2675 Hope this will helpfull for u have a Good weekend"💞
OANDA:XAUUSD
by Brain_Trades
Little more upside for goldHi traders, Last week XAUUSD did exactly what I've said in my outlook. After a small correction it continued up again. For next week we could see the continuation of the leg up to finish the impulsive leg wave 3 (blue). Let's see what price does and react. Trade idea: Wait for a (small) correction down on a lower timeframe to trade (short term) longs. If you want to learn more about trading with ICT/ SMC concepts and wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDLong
by EduwaveTrading
Gold's Bullish Momentum: Key Levels and TargetsGold prices remain in an uptrend, with continued bullish momentum expected as long as prices hold above the key support level of $2,710. Traders who aren’t already positioned may look to enter on pullbacks around $2,732 to optimize their risk-to-reward ratio. Near-term upside targets for gold are set at $2,757, with a secondary target at $2,780, in line with the recent all-time highs. Ongoing rate cuts from central banks, Trump's potential inflation-driven policies, and tensions in the Middle East support this bullish outlook. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDLong
by ThinkMarkets
What is Confluence ?✅ Confluence refers to any circumstance where you see multiple trade signals lining up on your charts and telling you to take a trade. Usually these are technical indicators, though sometimes they may be price patterns. It all depends on what you use to plan your trades. A lot of traders fill their charts with dozens of indicators for this reason. They want to find confluence — but oftentimes the result is conflicting signals. This can cause a lapse of confidence and a great deal of confusion. Some traders add more and more signals the less confident they get, and continue to make the problem worse for themselves. ✅ Confluence is very important to increase the chances of winning trades, a trader needs to have at least two factors of confluence to open a trade. When the confluence exists, the trader becomes more confident on his negotiations. ✅ The Factors Of Confluence Are: Higher Time Frame Analysis; Trade during London Open; Trade during New York Open; Refine Higher Time Frame key levels in Lower Time Frame entries; Combine setups; Trade during High Impact News Events. ✅ Refine HTF key levels in LTF entries or setups for confirmation that the HTF analysis will hold the price. HTF Key Levels Are: HTF Order Blocks; HTF Liquidity Pools; HTF Market Structure.
OANDA:XAUUSDEducation
by Snick3rSD
XAUUSD - Profit Taking as per usual by NY The recent drop in gold appears to be a classic profit-taking move by algorithms using the latest economic data as a justification to temporarily drive prices lower. Despite some stronger U.S. data, nothing has fundamentally shifted in terms of gold’s long-term outlook. Fundamental Justification: Inflation Stability: Core inflation indicators remain steady, reinforcing gold’s appeal as a hedge against inflation. Interest Rate Expectations: The Federal Reserve is expected to hold rates steady, with markets leaning toward potential rate cuts next year, which is typically bullish for gold. Global Uncertainty: Persistent geopolitical tensions and economic uncertainties still make gold attractive as a safe haven. In essence, the recent pullback is more about short-term positioning rather than a change in the fundamental landscape for gold, keeping the overall bullish view intact with $2,790 as a reasonable upside target. Target: Given the previous high of $2,790, we should expect a return to this level as per usuual. Breakdown: Fundamentals: 85/100 – Supportive due to inflation concerns, steady rates, and safe-haven appeal amidst global uncertainties. Technical Outlook: 75/100 – Some short-term selling pressure, but the trend remains positive with a high likelihood of retesting previous highs. The score reflects strong underlying bullish support with a high probability of a return to previous levels, though some short-term volatility from profit-taking will obviously persist.
OANDA:XAUUSDLong
by NZ_Shareman
NFP Ahead: Targeted Short Strategy for Optimal GainsMarket Insight: Great work today on capturing profits with the short trade, everyone! My VIP members and I have made impressive gains. If you're interested in continuing to secure these returns, reach out to me directly—we’re setting up for a major strategic move. With most key economic releases for the week showing bearish outcomes, tomorrow brings one more critical release: the U.S. October Non-Farm Payroll (NFP) report, which is highly likely to impact gold negatively. We’ll continue focusing on short positions for the remainder of this week. Looking ahead, however, as the U.S. election concludes next week, we anticipate a potential shift, at which point we’ll pivot to long strategies to capture possible upside momentum. Current Gold Trading Strategy: Entry Level: Short gold at 2740 Take-Profit Target: 2730 Stop-Loss: 2750 Exclusive Member Strategy Update: This strategy will only be shared once today. For tomorrow’s detailed NFP trading plan, I’ll be providing specific guidance exclusively to my VIP members. If you’d like to join and get access to tailored strategies, reach out now!
OANDA:XAUUSDShort
by Falcon-Training-Camp
GOLD heads up into $ 2,700: long term target and possible "Top"Follow-up to my previous $2700 call (click). The uptrend has continued exactly as "expected". We are now approaching a "natural endpoint". Natural as in a Wave 5 that does not "extend". Even if 2700 is not the top, expect a pullback. Commodities are known for extended wave 5s. So very possible we go higher after a dip maybe. $ 2695.15 is a Golden Genesis fib, a BIG deal. $ 2710.21 is a local Golden and Wave ender. $ 2762.41 is the medium-term Wave ender. =========================================== .
OANDA:XAUUSD
by EuroMotif
Gold trading, make money with meGold is in the Bollinger Band range and fluctuates sideways for 4 hours. As the saying goes, it gets colder at high places. Since the bull market has been slow to reach new highs, gold opened low in the morning. There was a rebound and rise during the period, but the highest rebound to 2744 just barely filled the gap of the low opening. Then the short-term continued to fall, indicating that the bulls’ counterattack was weak. The current market will be dominated by the short side, and our operating strategy is the same. The idea will be mainly high-altitude tonight! The short-term focus on the upper side is the 2743-2744 resistance line, and the short-term focus on the lower side is the 2717-2715 support line.
OANDA:XAUUSD
by btxebtxe