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 prices continue to rise from $2750What do you think about gold today? Let's discuss and strategize for the day! Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal? Key drivers: Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset. XAUUSD's new outlook: If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher. Short-term levels to watch: Major support: $2,740 - $2,750 Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
OANDA:XAUUSDLong
by AmbaniFX
XAU/USD🪙 XAU/USD I have the following preview of this pair>>🖊️ On the Daily chart we closed in M2 Daily when Friday's candle was pulled down. On 4HTF we closed below Long M2 4H where wpoc and vpoc Friday are located, we also have short M2 here and on 30MTF we are below vwap this is strong resistance for me. If it breaks through and the candle closes above these zones then it is bullish for me, but now I am bearish according to all confluences. I would expect these scenarios. Of course we will see what the market offers on Monday. I have zones set that I will watch.👀 📝
OANDA:XAUUSD
by Franz0FX
Conditions for a correction cycle, pay attention to US PCEAt the time of writing on Thursday (October 31), spot gold was at 2,783 USD/ounce, after reaching a previous record high of 2,790 USD/ounce. Gold prices rose nearly $13 on Wednesday as uncertainty over the US presidential election fueled safe-haven demand. Today, the U.S. Bureau of Economic Analysis will release the Personal Consumption Expenditures (PCE) price index for September, which is the Federal Reserve's preferred inflation indicator and is expected to trigger a big fluctuations in the market. It is expected that the US PCE price index in September is expected to increase by 0.2% over the previous month and 2.1% over the same period last year. Surveys also show that the core PCE price index in the US in September is expected to increase 0.3% over the previous month and 2.6% over the same period last year. Also on the same day, seasonally adjusted initial unemployment claims in the United States for the week of October 26 will be released, expected to be 230,000, compared to 227,000 the previous week. Following the release of the PCE data, investors will need to focus on the US nonfarm payrolls report on Friday. The focus this week is on jobs data and if strong non-farm payrolls data will support the Federal Reserve to pause interest rate cuts in December. However, in case NFP data is lower than expected Expected results will be positive for gold prices. Details about this data will be sent to readers in tomorrow's publication. Today we will focus on US PCE data. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold corrected slightly from the area of ​​the 0.50% Fibonacci extension you noticed in yesterday's edition and the temporary correction was not significant. Maintaining below the 0.50% Fibonacci level gives gold the ability to decrease a bit more with a short-term target of around 2,768 - 2,770 USD where the price point of the 0.38% Fibonacci confluences with the upper edge of the price channel. In terms of the main trend, gold still has a main trend of increasing prices, but in terms of market structure, gold has also had a long period of price increase where the market will not be able to move in a straight line. Therefore, traders need to be ready for downward corrections, and must also note that during the past 2 years, corrections of hundreds of prices or more have occurred quite frequently. This makes us (traders) have to adapt to the current market environment, the appropriate measures are still volume control and appropriate opening positions and strict protection levels. Currently, if gold falls below the 0.382% Fibonacci level, it would open up a short-term correction with a near-term target around $2,745 as the RSI attempts to turn Go below Level too buy. RSI below is overbought so it is considered a negative signal for gold price. During the day, the main outlook remains bullish but there are expectations for the above downside correction and notable comments are listed below. Support: 2,770 – 2,768 – 2,757 – 2,745USD Resistance: 2,786 – 2,790USD SELL XAUUSD PRICE 2803 - 2801⚡️ ↠↠ Stoploss 2807 →Take Profit 1 2796 ↨ →Take Profit 2 2791 BUY XAUUSD SCALPING PRICE 2756 - 2758⚡️ ↠↠ Stoploss 2752 →Take Profit 1 2763 ↨ →Take Profit 2 2768 BUY XAUUSD PRICE 2749 - 2751⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2756 ↨ →Take Profit 2 2761
OANDA:XAUUSD
by Xayah_trading
1
NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market. These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold. So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point! Trading strategy: Layout before data release: short in the key pressure area of ​​gold Take profit target: 2735-2740 Stop loss setting: 2770 Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend. Detailed strategies and operation points have been released to each VIP member. If you need further guidance, please join the VIP group to get exclusive strategies!
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold: Prepare to short or lighten your longsFrom my previous analysis on 1st Oct saying that Gold is taking a break, it did a sideway correction for the next 6 trading sessions before pushing up again. That was a "neutral" call. Now, I see that Gold is reaching wave 3 target of $2801, meaning there should be a meaningful enough wave 4 correction to go short or at least lighten your longs. There is a convergence of 3 Fibonacci extension levels around $2801, plus completion of 5-wave structure.
TVC:GOLDShort
by yuchaosng
1
XAUUSD / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4H TIME FRAME HELLO TRADERS Gold is trading under bullish pressure despite a recent pullback of 2.09%. This suggests that while there’s short-term weakness, the overall trend is still upward. The analysis identifies a demand zone between $2,735 and $2,728, with a possibility for a dip to $2,710, which could serve as another support level. Should prices stabilize here, a bullish continuation is likely. If gold fails to hold above $2,728 on a 4-hour closing basis, a further decline toward the next demand zone between $2,688 and $2,672 may be anticipated. An initial upward target lies in the fair value gap (FVG) between $2,756 and $3,772. Above this, the analysis notes supply zones between $2,782 and $2,790, with an all-time high (ATH) of $2,810 as the next major resistance. The strategy is a combination of support-resistance testing and close monitoring of 4-hour candles. Stabilizing above the lower zones suggests a bullish rebound, while a failure could lead to extended declines.
OANDA:XAUUSDLong
by ArinaKarayi
Consolidation for XAUUSD On monthly chart XAUUSD recent price level rose up about 2 of the markup started in 2018. Volume on Oct 2024 is the highest and similar with Apr 2022. On weekly chart, the last bar appears to be a bearish since it has a long wick and closed near open. 2790 and 2640 are likely the current resistance and support levels. From daily chart The recent bearish engulfing may signify an upthrust formation. The next possible external liquidity maybe near 2628.
OANDA:XAUUSDShort
by savvyacademy
Gold weekly summary and forecast 11/2/2024As expected in my last week's forecast, gold indeed touched upper end of the channel and dropped quickly and closed the week with a red candle. I expect a few weeks' selling session is coming, if the channel is broken next week. From 2d TF, bearish trend is not confirmed yet. I expect a head-shoulder pattern to form next week. So Monday we may see a quick drop to 2720 and reverse from there. We could see a drop from 2760 on Wed onwards and close the week with strong red candle. Next week's low will be at least 2678. Let's see what the market will give us. Happy weekend and happy trading to all.
OANDA:XAUUSDShort
by SteadyFund