GOLD BUYSLooking to take 75 % Partials at 2770. Final position close at 2780 Lets see how everything goesLongby STMFX2
XAUUSDPair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Long Time Frame Order Block Change of Characteristics Demand Zone Completed " 12345 " Impulsive Wavesby ForexDetective5
Gold Potential UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2745 zone, Gold is trading in trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2745 support and resistance area. Trade safe, Joe.Longby JoeChampion116
Xauusd rising wedge Xauusd rising wedge pattern Touching 5 Ending wave Coming soon 2695 fvg H2 H3 H4Shortby farzad_abdollahzade6
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance. The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control! Longby Donald-trading-star3
Correction It is expected that the price will advance up to the specified resistance levels and then a trend change will be formed and we will see the beginning of the downward trend. If the strong price crosses the 78.6% level, the continuation of the upward trend is likelyShortby STPFOREX111
26/10/2024 - XAUUSD - Bearish Gartley PatternAs of October 26th, 2024, XAU/USD (Gold) has formed a bearish Gartley pattern, suggesting potential downward movement. Here’s the trade plan: Trade Details: Option 1: Entry: Sell in the Potential Reversal Zone (PRZ) Stop Loss: 2759.50 Option 2: Entry: Sell Stop at 2740 Stop Loss: Above the defined last high (LH) Reason for Trade: The bearish Gartley pattern suggests a possible reversal to the downside, with opportunities to enter at the PRZ or after a breakout below the defined LH for added confirmation. Disclaimer: This is not trading advice—it's for educational purposes only. Please conduct your own research before making any trading decisions.Shortby Unknown_Trader007Updated 10
GOLD Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2777.4 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2753.4 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals1111
XAUUSD:29/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2800, support below 2700 Four-hour resistance 2760, support below 2733 Gold operation suggestions: From the current market trend, we will rely on the 4-hour level support to arrange long orders. The upward trend channel support is near 2735-38. It is our opportunity to arrange long orders near this position. The upper pressure opportunity is 2758-2762. At present, shorting in such a market is only a small decline and accumulation of momentum. Wait patiently for the key point to enter the market. BUY:2733near SL:2730 BUY:2739near SL:2735 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.Longby ActuaryJ9
Where to next with XAUUSD (GOLD) ?FX:XAUUSD Monthly So the big question is where is GOLD going next?! As shown on the Monthly chart GOLD has been extremely bullish throughout 2023/2024. My outlooks is mixed with current PA but mostly LONG GOLD, I can't see any real reason to short XAUUSD especially looking at this Monthly chart as we have dynamic support from the EMA's, strong bullish candles and consistent Higher highs however thorough analysis of the lower time frames is needed before any conclusions are met. Weekly Looking at the Weekly chart and candle close I would expect price to potentially pull back the slightest into structure to continue with its lovely trend of higher lows and higher highs. as demonstrated with arrow. I see this only happening with a breach & close below last weeks support at 2,708.62 along with LH and LL off structure (AOI) which will be shown on other charts. Daily Daily charts begin to decipher potential next moves as we have massive bearish engulfing nearly taking out the 2 before it. As shown Fridays price closed at an AOI which was a very significant level in the past weeks holding as strong resistance then support which took price much higher but as we can see the daily candle spiked through this level but did not close along with 10 EMA close dynamic support however the last daily candle especially closing below this AOI tells me we could definitely take the move lower if there is a bearish 4hr close somewhere around market open. If price goes bearish and breaks both structure levels AOI then I see a deeper retracement into previous structure highs as shown below 4hr + Entry 4hr makes things clearer as explained before I wouldn't be making any moves until either a few 4hr closes at the beginning of market open or a daily close bullish or bearish, this is because we have EMA crossover to the downside and 50 EMA resistance but these can all be breached to the upside based on how gold has been moving and a close above 2,741.50 (4hr or daily) as shown with arrow heading to the upside. the other option is price continues short term bearish based on ema confluence and PA along with structure resistance as shown after bullish pullback which failed and was engulfed. looking to the left price has already gone short from this AOI and if it does but doesn't reverse from the lower grey box AOI it will fall into Previous Structure highs as outlined. Possible entries I favour these in order. ;) by MarlyForex13
Gold Long setupLooking for Gold to long as 1) i can see market creating a possible HIGH LOW 2) and we have a uptrend that i want to follow Longby Shaquel_Samaai_Fx5
Gold Trade Alert: Targeting $2,765 with 2:1 RRTrade Setup for Gold (XAU/USD): Entry Point: $2,753 Stop Loss: $2,747 Target: $2,765 I'm looking at a short-term entry at $2,753, aiming for a quick move up to $2,765. With a 2:1 risk-reward ratio, this trade has a tight stop, making it a calculated play. Watch out for momentum around the entry level, and manage risk carefully. Let's see how the market responds!Longby rebenga931
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility." Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%. Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy. Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment. Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.Shortby FalCol_TradingMaster5
Bullish in Gold from herefrom my MAP Strategy GOLD will be Bullish from here MAP strategy is my own way if you see carefully in the chart and the line which price moves between themLongby cryptoangelss3
XAUUSD BullishNext week I will be looking for buy. 4hr candle has broken back up above 2722 and 2740. Next target it may break and close above 2749 and next will be 2758 Reason for buy: 1) 1hr and 4hr price action 2) 4hr candle broke and closed above sell levels 3) Middle east war! Trade safe and good luck. Longby RapidezyUpdated 8
GOLD Rising Support Ahead!GOLD is going down Now but will soon hit a rising support line from Where we will be expecting a Local bullish rebound !Longby kacim_elloittUpdated 119
XAUUSD STRUCTURE Happy New Month traders, we will be starting the month with this setup, our primary target will be the weak high above, prices broke the previous high leading to a new HH and it pulled back, we will be following the pull back up to take out the weak high marked above, stay tuned for more updates, do well to like shar5e and follow.Longby Dr_Trade14
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone! Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight. As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740. Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand. After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!Longby Wealth_WavesUpdated 3
Gold retest to MA 100, make double top and hit MA 200 laterMA 100 = blue MA 200 = red the circle = same pattern issue a mini divergence on RSI 1. stochastic still topped, that's why no signal to retest MA 100 yet when stochastic reversal it will retest MA100 2. MA100 is quite strong (if still a bullish trend) 3. MA 200 will be retested in my opinion but lets focus on MA100 first because there is still higher high potential after bounce of MA100Longby salvanost2
GOLD has conditions to increase with expectations of recoveryOn Thursday (October 31), some traders chose to take profits, causing gold prices to fall again, falling 2% and reaching a low of 2,731 USD/oz. As of the time of writing, Friday, November 1, gold has recovered to 2,746 USD/oz. Safe-haven demand ahead of the US presidential election has pushed gold prices up for the fourth consecutive month, and gold prices have increased about 4% in the past month. Previously, strong economic data released by the US increased market expectations that the Federal Reserve could cautiously cut interest rates in the coming months. Meanwhile, PCE data showed PCE inflation at 2.1% year-on-year, the lowest since early 2021 and slightly above the central bank's 2% target inflation rate. Before the taper, gold prices had risen by more than a third this year due to central bank buying and safe-haven demand due to conflicts in the Middle East and Ukraine. Uncertainty about the US presidential election has also highlighted the value of gold as a safe-haven asset. In 2024, gold's gains are driven by economic uncertainty, central bank buying and geopolitical risks, especially in the Middle East. Gold prices are now entering a historic year as expected interest rate cuts from the Federal Reserve and central bank demand will further support gold prices. Therefore, do not worry about price drops because in terms of fundamental long-term trends, gold is still strongly supported. During this trading day, traders need to pay attention to the US Nonfarm Payrolls (NFP) and October Unemployment Rate data. Surveys predict 108,000 new jobs will be added, compared with 254,000 last month. The Nonfarm payrolls measure the change in the number of people employed during the previous month, excluding agriculture. Job creation is a leading indicator of consumer spending, which accounts for the majority of economic activity. Figures that are much higher than expected or equal to the previous period will be considered a positive signal for the USD and continue to add pressure to the gold downtrend. Meanwhile, data at or below is expected to support gold's return to the bullish cycle and the continuation of its long-term uptrend, ending the ongoing bearish correction. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, yesterday's correction caused gold to swing below the short-term rising price channel noted by the price channel on the chart. However, gold is also approaching a notable support level sent to readers in yesterday's edition at $2,725 when gold has the conditions for a correction. Although the price dropped significantly, the mid- and long-term trend is still bullish with specific conditions such as stable price activity in the price channel, stable activity above the EMA21 level. During the day, if gold can hold above the 0.236% Fibonacci level, it will have the potential to increase further with a short-term target of about 2,768USD, the price point is the confluence of the lower edge of the channel © and the 0.382% Fibonacci level. The expectation for the intraday trend is a recovery with a target level of around 2,768 USD, along with which notable price points will be listed as follows. Support: 2,745 – 2,725USD Resistance: 2,768USD SELL XAUUSD PRICE 2765 - 2763⚡️ ↠↠ Stoploss 2769 →Take Profit 1 2758 ↨ →Take Profit 2 2753 BUY XAUUSD PRICE 2714 - 2716⚡️ ↠↠ Stoploss 2710 →Take Profit 1 2721 ↨ →Take Profit 2 2726by Xayah_trading3
Gold Prices Drop Sharply After Peaking – Will Recovery Return?Hello everyone, Today, November 1, 2024, the global gold price has unexpectedly reversed sharply from an all-time high and is currently trading around 2,745 USD/ounce. The main reason for this decline is the release of U.S. economic data indicating signs of stability and recovery. This diminishes the appeal of gold as a safe-haven asset, while U.S. government bond yields rise and the U.S. dollar continues to strengthen. In the short term, gold prices may remain under pressure if U.S. economic data continues to improve, especially if employment and inflation reports show a positive outlook. However, other risk factors such as geopolitical conflicts or global financial instability could support gold prices. If signs emerge that the Federal Reserve (Fed) will slow the pace of monetary tightening, this could provide momentum for gold prices to rise again.by Ademha4
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold. Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset. What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset. Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later. The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward. Now, let’s take a look at the chart and summarize. Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices. Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position. Good Luck and Have a Nice Weekend!Shortby ClashChartsTeam1
Gold Out LookPreviously from few weeks we were bullish over gold and still if we follow the major trend from monthly to weekly to Daily we are still bullish over the pair but from last week the pair has shown us a new ATH and done a retracment downwards now its has reached between 23.8 to 38.2 retracment level now as the price action is followed it will follow the bear trend from 4H to 1H to lower time frames and go towards price level of 2716 and then if bears will push it more down and price breaks the support level on 2716 it will be seen in 2698 level of support which is 50% of fibbonaci retracement level and then we can a see a upward rally GEOPOLITICAL Factor As we have seen earlier Iran and Israel Tension was on Peak and Investors tried to Invest in Safe heaven and the safe heaven performed well now the tension is weaken a little so that price is going down if some tension increases we will see a Rise in price AMERICAN Elections American elections are right on the edge and price 5th November is a crucial date and the coming week will be a busy week for safe heaven banks and big player so we will be watching price closely if we observe any bullish price action pattern we will be buying safe heaven otherwise we will enjoy the bearish move fingers crossed next week will be very busy and crucial for the future of Bulls and bearsby Wakeel_Saab2