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GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

Gold increased before the US presidential electionWorld gold prices increased, with spot gold increasing by 12.5 USD to 2,788.1 USD/ounce. Gold futures last traded at 2,798.6 USD/ounce, up 17.5 USD compared to yesterday morning. Gold continues to benefit as uncertainty ahead of the US presidential election boosts shelter demand for this precious metal. According to RJO Futures senior market strategist Daniel Pavilonis, there are many factors that are supporting gold and could push prices higher. He predicted that the price of this precious metal could reach 2,850 USD/ounce. Saxo Bank's head of commodity strategy Ole Hansen said that gold prices increased due to uncertainty related to the election results and the market is pricing in further interest rate cuts by the US Federal Reserve (Fed). again next week. He emphasized that the weakness of the greenback is also supporting gold. According to OANDA senior market analyst Kelvin Wong, the results of the US election have an impact on gold. He believes that, soon, spot gold will face resistance at $2,800/ounce, then $2,826/ounce. Currently, the US presidential election has entered a sprint race, with recent polls showing that the race for the White House is still very fierce. The gap between the two candidates, Vice President Kamala Harris and former President Donald Trump, is extremely tight.
OANDA:XAUUSDShort
by TheLeader_WOLF
1
XAUUSD Long ModuleDirection / Major Trend - Bullish Daily made a Break Of Structure to a New All Time High and retracement followed through as expected. Initially, the 4H/1H Zone marked as Invalid OB was the nearest Demand/Engulfing Buy Level. However as current market price approaches the watching zone, price broke the zone. Another reason why in my opinion that zone is not valid is because it does not intercept with the Daily Demand. Price of Gold fell with an impulsive movement or also can be known as clean traffic. In M15, we currently have a High and a Low. No Fibonacci Retracement Levels are being used. In all lower timeframes with such impulsive movement, there is no continuation zone like a Drop Base Drop level for a continuation sell. “Invalid” 4H Demand Level : 2756-2746 Daily Demand Level : 2746-2724 As we precise/filter the Daily Demand, there is a Demand level on 4H at 2734-2727 whereby the current market price reacted and formed a low. The closure of 4H also made somewhat of a rejection leaving wicks. There was not much movement from NFP and price eventually fell back to retest the Low/Support Level of M15. For a couple of months now, price has made a solid break out to the upside and never “retested” the Higher Time Frame Demand. Instead, Rally Base Rally Candlesticks kept on forming. Unless the Daily Demand Zone breaks out creating a Swap Zone for continuation sell down to the previous All Time High Level at 2685, The Bullish Bias remains. Currently there is also a trendline confluence pointing at it’s bullish movement with 3 touches making it to be a valid trendline point. Price is now in the 4th touch of the Buying Trendline Level. Take Profit 1 : $2762 (NFP Highs) Take Profit 2 : $2780 (M15 Highs) Take Profit 3 : $2800 (Big Round Number) The following week is very crucial as Presidential Election is going to happen and so is FOMC. With the interest rate coming down again, Gold being bullish is clear as day. This is NOT a Financial Advise.
FX:XAUUSDLong
by intlgrndmstr
GOLD H12 IdeaRecord High and Pullback Gold recently hit a record high of $2,790.17, mainly driven by safe-haven buying due to uncertainty around the U.S. election and tensions in the Middle East. However, it pulled back to $2,736.45 as the U.S. dollar and Treasury yields rose, making non-yielding assets like gold less attractive. Weak Jobs Data and Fed Rate Cut Expectations The latest U.S. Non-Farm Payrolls report showed a low increase of 12,000 jobs, supporting hopes for a Fed rate cut on November 7. This expected cut could make gold more appealing by reducing the opportunity cost of holding a non-yielding asset. A 25-basis-point cut is nearly priced in, though dollar strength is currently offsetting some of this potential support. Technical Indicators Point to Bearish Reversal Gold’s weekly chart shows a possible bearish reversal pattern, with $2,724.75 as a critical support level. If prices drop below this level, it could lead to further declines, potentially targeting $2,697.28 or even $2,604.39. Upcoming Events and Market Impact With the U.S. presidential election and Fed decision next week, markets expect heightened volatility. The election uncertainty could continue to support gold’s safe-haven demand, while a Fed rate cut might add further upside if announced. Outlook If gold holds above $2,724.75, it may signal consolidation and possible upside, especially if the Fed cuts rates as anticipated. Conversely, a break below this support could confirm a short-term correction. For now, the market leans toward a cautious bearish stance in the short term, with potential support from safe-haven demand and lower rates longer term. Traders should monitor critical levels and prepare for swings tied to the election and Fed decision.
OANDA:XAUUSD
by GOLDFXCC
XAU/USD Intraday Trading Plan: Key Price Levels and Scenarios1. Immediate Key Price Levels Primary Resistance (2,790.115): This is the near-term resistance level to watch. Price approaching this area without breaking it could signal a potential short setup. If broken with strength, this level may act as new support. Point of Control - POC (2,782.227): This level is today's pivot point due to high trading volume in this zone. Price holding above this level suggests bullish sentiment; a drop below signals potential bearish control. Secondary Support (2,773.665): This is the critical support level in case of a downtrend. If price reaches this area and holds, it may provide a buying opportunity; however, a break below indicates strong bearish momentum. 2. Scenarios for Today Scenario 1: Bullish Breakout (Continuation) Trigger: Price breaks and closes above Primary Resistance (2,790.115) with increasing volume, indicating buyers are in control. Target Price Levels: Short-Term Target: 2,795.051 (minor resistance from Fibonacci level 0.272) as the initial upside target. Extended Target: 2,803.705 (High Invalidation Point for Wave 5) – this is a major resistance level with possible volume divergence. It is crucial to monitor volume here, as lower volume at this level could suggest an imminent pullback or trend reversal. Stop-Loss: Set below 2,782.227 (POC), since a move back below this level would invalidate the bullish breakout. Invalidation Point: POC (2,782.227) – a drop below this level may indicate a false breakout. Scenario 2: Reversal at Resistance (Bearish) Trigger: Price rejects near 2,790.115 (Primary Resistance) with weak volume, indicating that sellers are stepping in. Entry Point: Initiate short positions near 2,790.115, ideally after observing bearish candlestick patterns or volume declining near this level. Target Price Levels: First Target: 2,782.227 (POC), where price might find some support. Partial profits could be taken here, as POC often serves as a consolidation zone. Secondary Target: 2,773.665 (Secondary Support) – the next significant support level below the POC. Stop-Loss: Above 2,803.705 (High Invalidation Point). If price surpasses this level, the bearish reversal scenario is invalidated. Invalidation Point: A confirmed break above 2,790.115 would indicate potential upside continuation and invalidate this short position. 3. Additional Key Terms and Concepts Volume Divergence: Monitor for volume divergence at the 1.236 (around 2,802) level, as this could indicate reduced buying interest and signal a potential reversal. Break of Structure (BOS): If the price breaks below POC (2,782.227), it signals a BOS (Break of Structure), favoring bearish momentum. This would confirm a downtrend for the rest of the day. Inducement Wave 3: Part of the current wave structure suggests an inducement, which might attract buyers at Primary Resistance only to see a potential reversal if it fails to break. Point of Control (POC): This is the area with the highest traded volume (2,782.227). If price holds above this level, it acts as a bullish pivot point, while a breakdown signals bearish sentiment. 4. Summary of Today's Plan Bullish Bias if price breaks and holds above 2,790.115, aiming for 2,803.705 as an extended target. Bearish Bias if 2,790.115 is rejected, targeting 2,782.227 (POC) initially and 2,773.665 (Secondary Support) as an extended target. Risk Management: Tight Stop-Losses: Use key levels such as 2,803.705 for shorts and 2,782.227 (POC) for longs to manage risk. Volume Monitoring: Pay close attention to volume behavior, especially near resistance and support levels, to gauge the strength of any breakout or rejection.
OANDA:XAUUSDLong
by spacedevil
2
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report. ⭐️Personal comments NOVA: Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2742 - $2739 SL $2735 TP1: $2750 TP2: $2760 TP3: $2771 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
8
What will happen to gold prices if Trump wins re-election?Hello everyone, Today, the global gold price is trading around $2,736 per ounce, down slightly by about 0.22% compared to the previous session. This decline is due to the stability of the U.S. economy, which makes investors feel less compelled to seek safe-haven assets. Rising government bond yields and a stronger U.S. dollar have also reduced gold's appeal. However, this may only be temporary. From my research, I believe Trump will win re-election. He holds a fairly aggressive stance on trade and policy. This approach creates tensions, driving investors to seek safe havens like gold—something that previously pushed gold prices higher during his first term. In summary, while gold prices are currently seeing a slight dip, their future outlook will heavily depend on Trump's policies and the economic shifts during his potential second term. Policy uncertainty could lead to higher demand for gold in the near future.
OANDA:XAUUSD
by Ademha
Is the bullish rally over?Gold continues to show upside potential, maintaining a bullish trend. It is currently supported around the 2731 level and may test resistance at 2758, followed by 2790. If it breaks through these levels, it could aim for a new all-time high around 2880. However, a drop below the 2731 support level would bring attention to the next support levels at 2708 and then a stronger support at 2685. Some indicators hint that a pullback might follow after testing these higher levels, signaling a possible shift toward bearish momentum.
TVC:GOLD
by adeelzahoor76
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSD
by ForexMasters2000
Gold Hits New All-Time High Amid Market SpeculationGold Hits New All-Time High Amid Market Speculation Gold has once again reached a new all-time high, breaking through the previous level to nearly $2758.50, dating back to October 23, 2024. Today's market movement is heavily influenced by speculation related to US JOLTS data and the upcoming NFP data release on Friday. However, this new bullish wave seems unusual under normal conditions, as the market appears to be entirely positioned on the bullish side. One observation is that gold didn't react immediately to geopolitical tensions, such as Iran's attack on Israel, but moved days later when no significant events occurred. Similarly, despite Israel's retaliatory attack on Iran over the weekend, gold remained static initially but is moving today. It seems that US jobs data holds more sway over gold prices than the ongoing conflict in the Middle East. This situation appears manipulated and lacks technical clarity, raising doubts about the reliability of technical analysis in gold trading. Technical Analysis: If GOLD stays above 2758.50 it could rise as shown on the chart. If the price breaks back below 2758.50, it will increase the chances of a false bullish breakout and we could see some big crash. 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:XAUUSD
by KlejdiCuni
5
Gold's rising momentum continues unabated, continue to focus on As a traditional safe-haven asset, gold is often favored during periods of geopolitical turmoil. So far this year, gold prices have risen 35% and are expected to record their best annual performance since 1979. The intensified conflict between Israel and Lebanon has led to tensions, further boosting market demand for gold. Israel's recent air strikes have caused a large number of civilian casualties, attracting widespread attention and condemnation from the international community. The Lebanese Prime Minister said that the two sides may reach a ceasefire agreement in the next few days. Although this news may ease short-term tensions, market concerns about the future situation remain. The release of US third-quarter economic data showed that GDP grew 2.8% month-on-month, and consumer spending grew 3.7% at the fastest rate in a year and a half. Despite the strong economic performance, inflation has slowed, with the core personal consumption expenditures (PCE) price index rising only 2.2%. These data provide new clues to the Fed's policy path. The market generally expects the Fed to cut interest rates by 25 basis points at its meeting next week. Despite strong economic growth, gold remains the first choice for investors in an uncertain environment. As the election approaches, the market is full of doubts about the future direction of US economic policies, and the safe-haven demand for gold may rise further. The supply and demand of gold also affects the price. Uncertainty in the global economy has prompted investors to increase their allocation to gold, especially in a low-interest rate environment, where the attractiveness of gold as an interest-free asset has increased. At the same time, the loose policies of central banks around the world continue to support gold prices. In response to the economic slowdown, many central banks have generally adopted measures such as interest rate cuts and quantitative easing, which has further boosted demand for gold. On Wednesday, it hit a record high of $2,789.89 per ounce. On Wednesday, mainly driven by the uncertainty of the US presidential election and geopolitical tensions, investors' demand for safe-haven assets increased significantly. Gold hit a record high again on Wednesday. Today, investors continue to pay attention to the 1-hour support area below 2,778, and go long on gold after the correction stabilizes. Thank you for your likes, thank you
FOREXCOM:XAUUSDLong
by Yuliya1l11
XAUUSD MONDAY 4.11 - LONGI am looking to enter a long position around 2747 with target prices TP1: 2754 and TP2: 2760. 🚀 First, we must see the market's reaction at open, observe volume, watch for a trendline break, and gauge overall sentiment. 📊 On Monday, we have no impact news, allowing us to focus on technical levels. Upon entry, I will further confirm if the trade is truly valid. 📅 Macroeconomic Context With upcoming U.S. elections, I anticipate a Trump victory, which could boost USD/DAX prices and push gold prices down. Larger market players ("Big Boys") will likely aim for short positions, pushing the price up first to secure optimal entries. 🕵️ Key Zones and Money Flow We are in a strong support area with substantial money flow. I will carefully monitor reactions at key zones, especially for potential manipulation in DAX prices. 🔍 📐 Key Level 2760 - Golden Fibonacci Zone At 2760, we find a “golden Fibonacci” zone, which has previously acted as respected resistance. I plan to partially close the trade in this area. If this zone is broken, I will hold part of the position further and update on new targets. My final target would be around 2767, but only if the 2760 zone is broken.
OANDA:XAUUSDLong
by michal_divitae
1
XAU/USD Short Swing TradeClose below 1D 5SMA opens the door for the opening of short position. Based on the divergences on MACD and RSI daily, slowing momentum and oversold conditions on weekly, considering reversal candles and weekly DOJI to the longer term trend line shorter term pullback to 2700-2624 is in play. It will be interesting to watch important SMA levels and Fibbo lines in red as this can develop to very interesing swing trade. COT favors shorts. This is trade against common seasonal trends.
PEPPERSTONE:XAUUSDShort
by jzavodsk
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
1
MARKET NEXT CORRECTION AREASAdditionally, any decline in gold may present buying opportunities as the metal remains a favored hedge amid inflation and heightened global tensions. If momentum persists and resistance levels at $2,751 and $2,800 are decisively breached, analysts project that gold could aim for new highs around $2,820 or higher. However, a break below $2,710 could suggest a deeper correction to $2,685 before buyers re-enter the market In the current gold market, analysts expect a potential retracement following a significant rally, reaching near all-time highs driven by geopolitical uncertainties and Federal Reserve rate cuts. Gold has been hovering around resistance points in the $2,700-$2,800 range as October progresses, and technical indicators suggest possible corrections due to overbought conditions. Specifically, gold’s Fibonacci support level around $2,733 could mark a key area for short-term pullbacks, possibly to $2,700 or lower, before an anticipated continuation upward in Q4 due to seasonal patterns
OANDA:XAUUSDShort
by BELLATRIXFX
3