Update on XAUUSD On Thursday the effect of PCE will drag gold down. But before Us Election that where the volatility begin. Make sure to wait for the H1 candle to stop. Good luck everyone. The reward will be Dope.
XAUUSDG trade ideas
GOLD (XAUUSD) MULTI TRADE SETUPPAIR : GOLD
✔ Classic BULLISH formation
GOLD is holding continuous UP Trend. Gold created the buy setup .We observe that if the higher high point is rejected then the market can come to 2726 and if retraces first then the open market will see 2735 -2730 to go fly 2771 and 2790 levels in ZONE. This week i think gold market create new higher.. .... So I can take BUY entry when the market bull run. . If your analysis matches it take a trade otherwise skip the trade.
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Gold Buy ideaAs if we see current prices of gold so gold market opened with a gap to downside so now there is a big possibility that gold will cover it’s gap area and will go up. By seeing this we are currently seeing a buy opportunity on gold that can be buy the at 2730 to 2733 area and 1st tp will be 2740 and 2nd tp will be 2747 and so on so you guys can enter for this trade setup.
Gold- Trade Plan - 28/10/2024Today's gold market opened with a bearish gap, finding support near 2725. Based on my technical analysis, there are two potential scenarios: 1) A bullish breakout above the previous high, targeting 2790, or 2) A retest of the 2700 support level to gather momentum. With no significant news on the horizon, I'm anticipating a period of consolidation."
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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
ADP data is coming soon! Gold shortThe market performance on Wednesday (October 30) continued the recent strong upward momentum. The price of gold hit $2,789.83/ounce in early trading, setting a new record high and rising sharply by more than $15. With the ongoing conflicts in the Middle East and the intensification of geopolitical risks, gold has once again become a safe haven choice for investors.
Technical analysis
After breaking through the resistance area of 2,780-2,785 US dollars/ounce, the price of gold became an offensive signal for bulls. The price of gold may further push towards the $2,800/ounce mark. At present, any meaningful correction is expected to find good support around $2,750/ounce. If there is a subsequent sell-off in the price of gold, it may push the price of gold to the support level of $2,732-2,730/ounce, or even further down to the $2,715/ounce area.
Today's focus data:
US unemployment rate in October
US non-farm payrolls in October (10,000 people)
Today's expected trend of gold prices can focus on the fluctuations between the support level of $2,765.00/ounce and the resistance level of $2,800.00/ounce. Under the current market sentiment and technical conditions, gold is still a worthy investment option.
Gold uptrend channelThis is the ascending channel of gold. According to this channel, we can make a decision. Sell positions are not reasonable at all right now.
But if we see a red candle from the top of the channel, we can open a sell position to the bottom of the channel with a reliable stop loss.
GOLD (XAUUSD): Important Decision Ahead The price of GOLD is currently testing a daily resistance cluster base on the all-time high. With the long-term trend being bullish, there is a high likelihood that the market will update this resistance and reach a new high.
Confirmation of this breakout will come with a 4H candle closing above the highlighted structure. If this occurs, the bullish rally could continue to at least 2780.
For those looking to short the market, it is advised to closely monitor the 30-minute time frame. The market is currently trading within a narrow range, showing respect to the resistance and minor support levels at 2749 and 2748.
A signal to short would be a bearish breakout below the support level of the range, with confirmation coming from a 30-minute candle closing below it. The next target for shorts would be 2742.
xauusd hit the target again hi guys please look my strategy see if you guys like fro 10 shooting we hit 8 to 9 .
Gold Spot / U.S. DollarHello community,
Look at the price of gold since 1833!
Weekly scale in log, I use linear regression, powerful mathematical tool!
The graph speaks for itself.
Make your opinion, before placing an order.
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Xauusd-1hAfter the flag pattern has broken upwards and has risen to the level of the flag itself, now it has returned to the support range of the flag. In this case, we will expect a return to the top and a price drop
tp:2748
What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ?
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Gold swing trade for the week 27 October Gold swing trade for the coming week
Expecting Gold to retrace to previous support at 2736 and continue to 2760.
Method
Parallel channels from previous areas and Fibonacci retracements .
We have had previous high levels of support at 2735.7 expecting this to hold again.
Entry criteria
Wait for levels break and retest is the safest entry
Expecting
240 to 280 pips
As always trade safe don't overleverage
India’s Gold Imports Jump 21.78% on Festive Demand
Technical Analyze:
The gold (XAU/USD) chart indicates a strong upward trend with the price reaching a key resistance level near 2,804. A break above this level would confirm a continuation toward the next bullish target at 2,816.
Bullish Scenario: If the price breaks and stabilizes above the current resistance, it’s likely to continue toward the 2,816 level, as marked by the next bullish station.
Bearish Scenario: Failure to hold above the correction point at 2,758 may trigger a pullback towards lower support levels around 2,738 and 2,712. A deeper decline could target the support zone at 2,677.
Key Levels:
Pivot Point: 2775
Resistance Levels: 2790, 2804, 2816
Support Levels: 2758, 2748, 2738
Trend Outlook:
Correction til 2775 or 2758
Above 2775: Uptrend
India's Gold Imports Surge Amid Strong Domestic Demand
India's gold imports increased by 21.78% to $27 billion during April-September of this fiscal year, influenced by strong domestic demand, according to government data. This rise in imports impacts the country’s current account deficit (CAD). For the same period in the previous fiscal year (2023-24), imports stood at $22.25 billion.
An industry expert highlighted that the ongoing festival season has significantly boosted demand, contributing to the increase in imports.
previous idea:
XAUUSD Trade Outlook
The price recently hit resistance but failed to break through, indicating continued selling pressure. We expect a correction to at least the first support level.
Trade Active:#02
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GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,782.14.
The above observations make me that the market will inevitably achieve 2,800.00 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Gold prices slipped slightly this week amid strong USD demand.Gold prices (XAU/USD) faced pressure on Friday, erasing some of the previous gains due to USD buying amid a weaker dollar and expectations of less aggressive easing from the Fed. Positive sentiment in the stock market also reduced demand for gold.
However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked.
Personal opinion:
The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800.
Attention to price range:
Buy Zone: 2719 - 2717
SL: 2712
Sell Zone: 2748 - 2750
SL: 2755
Sell Zone: 2758 - 2760
SL: 2765
XAUUSD_1Hhello
Short time gold analysis
Analysis based on Elliott waves
The first case: the market is in a blue wave and the ceiling of wave 3 has been reached, and we enter a short correction towards the 2765 range and the price increases again towards wave 5 towards the range of 2806 dollars.
The second case: the market is in a red wave and continues to rise and completes wave 3 and enters the correction to the $2770 range and increases the price again towards wave 5.
And in any case, we are buyers for any correction to the bottom for the next rising waves
Important numbers as support 2761 and 2771 dollars
Important numbers as resistance $2785 and $2806
GOLD new era levels, pay attention to today's GDP dataOn Asian markets on Wednesday (October 30), OANDA:XAUUSD delivery maintained its uptrend during the day and the gold price has now reached $2,780/ounce once again refreshing its all-time high and heading towards the target technical point noted by readers in yesterday's publication . OANDA:XAUUSD Continuing its upward momentum from the previous session, spot gold rose more than $32 on Tuesday due to uncertainty over the US presidential election and conflict in the Middle East, as well as expectations of an interest rate cut by the Federal Reserve. Federal Reserve, has enhanced the investment appeal of gold.
During this trading day, the US Bureau of Economic Analysis will release third quarter gross domestic product (GDP) data. This is the most important economic data of the day and is expected to cause big fluctuations. on the financial market in general and gold in particular.
Current market expectations suggest that the initial value of US real GDP in the third quarter is expected to grow at a quarterly rate of 3%.
If GDP data is higher than market expectations, this could cause gold to correct short-term declines or react lower after a long streak of gains and support the USD. On the other hand, GDP data was much lower than expected, which should be supportive for gold and could see it continue to find new all-time highs.
Ahead of the Fed's next policy meeting on November 6-7, traders will need to closely monitor more US economic data later this week including inflation and employment data. could provide direction for the Fed's 2025 outlook. Economists expect the Fed to cut interest rates by 25 basis points next week.
Because gold does not generate interest, it tends to perform better in low interest rate environments and is considered a hedge against market volatility and risk.
According to Bloomberg, the latest news coming from the situation in the Middle East, Israel launched an attack on a residential building in the northern Gaza town of Beit Lahiya on Tuesday, killing at least 93 Palestinians or more. missing. The US called it a "terrible incident".
Regarding the situation in the Middle East, the latest report by Britain's Reuters on Wednesday said that the Gaza Ministry of Health announced that Israel had launched an attack on a residential building in the northern town of Beit Lahiya Gaza on Tuesday, leaving at least 93 Palestinians dead or missing, and 10 injured. Medical staff said at least 20 children were among the dead.
Analysis of technical prospects for OANDA:XAUUSD
The technical chart continues to show that gold has the ability to increase in price comprehensively with the price channel currently trending in the short term. Gold has also had 4 consecutive days of gains after correcting from $2,758, it is heading for the 5th day with an active position that brings a lot of upside prospects.
Currently, gold has broken above the price channel while maintaining price activity above the 0.382% Fibonacci extension, which provides it with room to continue further gains with a subsequent target of around $2,786 Fibonacci price points. extended 0.50% attention to readers in yesterday's edition.
As long as gold remains in the price channel, it will still have a short-term bullish outlook, along with that, once gold breaks above the 0.50% Fibonacci level it can continue to increase further towards the original price level of 2,800 USD, Fibonacci point 0.618% at 2,804USD.
The relative strength index (RSI) has just broken above the overbought area, but has not yet peaked nor shown any signs of weakening, so in terms of momentum, prices can still be bullish with expectations of a correction around the area. The price point area was 2,800 USD when RSI peaked.
During the day, the bullish outlook for gold will be noticed again by the following technical levels.
Support: 2,774 – 2,768USD
Resistance: 2,786 – 2,800 – 2,804USD
SELL XAUUSD PRICE 2801 - 2799⚡️
↠↠ Stoploss 2805
→Take Profit 1 2794
↨
→Take Profit 2 2789
BUY XAUUSD PRICE 2740 - 2742⚡️
↠↠ Stoploss 2736
→Take Profit 1 2747
↨
→Take Profit 2 2752
#XAUUSD #GOLD 4HBased on the 4-hour analysis, the current floating candle demonstrates significant volume strength. If the price manages to close above Friday's high, it’s anticipated that the bullish momentum could drive the price directly towards the 2800.00 level. However, if the price fails to break this resistance, we may likely witness a retracement before any further upward movement.
#XAUUSD
