Gold could touch 2768 and 2786 again today.Gold is in bullish trend since last week. It is now making strong support and could again cross 2768 and 2787 level today.
Note: This is not a buy/Sell call. Trade with your own decision.
XAUUSDG trade ideas
GOLD possible retrace?Hi guys,
Gold, XAU USD is currently at a possible area where we may find strong resistance and selling opportunity.
The pink box just above price is that zone. This zone is the 2.0 retracement of the massive base that gold created between 2011 and 2020. This zone is also significant retraces of all the high to lows on the daily from a few months ago.
Price has been travelling in the bearish channel , and is now again at the very top of this channel.
RSI is in overbought and clear divergence on the daily timeframe.
All in all solid confluence to suggest sell setups may appear around this area.
Lower timeframe entries using BOS CHOCH, trendline breaks ,chart patterns etc could lead to nice risk/ reward trades.
Safe Trading all.
11.1 Gold shock awaits non-agricultureJudging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data.
1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen much.
We have been emphasizing this point of view to everyone recently: Don't buy more twice when gold retreats in the US market. After the increase is too large, it is easy to fall by a large margin. Double bottoms, 618, and other positions are not caught, and there is no rebound.
But compared with yesterday's empty, it is the rhythm. Continuous failures and no operating mentality are easy to form. If you can't get started when you see it right, and you can't hold back and get started, it's wrong.
2. The morning is still a cyclical rise.
Intraday analysis:
1. A sharp drop in the rise, the first day is still a bull correction, which has been seen countless times before.
2. The continuous sharp drop breaks the bottom, which changes the short-term bull direction.
3. There will be non-agricultural data tonight. Before the non-agricultural data, the overall market should not change much.
4. If the bearish outlook continues, the rebound in the morning is focused on the European session. If the European session continues to rebound, the US session will inevitably fluctuate. If the market is weak, the European session will retreat first.
At present, it is obviously the top of the hourly big Yin line at 2757, because this position breaks the position of the decline and rebound at 382. And there is no high point of correction in the early morning, so it can only be arranged at the top of the big Yin line.
At the same time, the non-agricultural data is divided into two parts:
1. Look at the second retracement before the non-agricultural data.
2. Whether the non-agricultural data can continue the decline of yesterday depends on the data. Last month, it was 254,000, and this time it is expected to be only 11.3. Whether it is from the initial claims or from ADP, it is impossible to be lower than 11.3. It can only be high. How high it is depends on the data performance.
Therefore, the worst non-agricultural data is also bad for gold. It just depends on how bad it is. For example, ADP rebounds first and then falls, or it retreats directly.
As long as the data is higher than 150,000, the pullback is also empty, but no matter what, the European session is very critical. The European session continues to rebound and is strong. The US session fluctuates, but the European session is weak, and the probability of breaking the bottom is high.
Buy opportunity for xau/usdBuy position for gold
In this analysis, the price hit the price floor of 2731
It is expected to enter in the range of 2758 with the rising price and make a good profit up to 2771
Good luck, I hope you have experienced a profitable week and have a good week ahead
✌️
XAUUSD H1 MARKET OUTLOOK AHEAD OF NFP REPORTPrice trades at 2749.28 ahead of the NFP report coming up later in the day. Price maintains a bullish-like structure and We may likely see price trade higher during the news release. We’re having a consensus that suggest worse than expected scenario for USD which will make gold trade more bullish
Gold-Trade Plan -29/10/2024Dear Traders,
Gold has consolidated near the previous high during the Asian session. If the price fails to clear this resistance, we may see a retest of the 2700 support level. Alternatively, a successful breakout could target multiple resistance levels at 2771-2773, 2789-2790, and 2807.
Dont Forget Like&Comment please !
Regards,
Alireza!
GOLD (XAUUSD): Buying After Pullback
With a yesterday's bearish movement, Gold dropped to
a key intraday/daily horizontal support.
A cup & handle pattern formation on that is a reliable signal to buy.
With a high probability, the price will reach 2769 level soon.
❤️Please, support my work with like, thank you!❤️
XAUUSD_1Dhello
Mid-term and long-term gold analysis
Elliott wave analysis style
The trend continues to rise and the trader only takes a buying position.
The support of 2715 and even 2666 dollars is possible, and in any case, we are buying only in steps, and the market can move towards the range of 2868 dollars as wave 3.
And again, we are buying every low towards $2666 for the final target towards the number of $3000.
Today's XAAUSD Targets: Maximizing Profit PotentialXAAUSD Trading Analysis
Today's Targets:
Target 1: 2755
Watch for price action around this level; it could indicate a potential reversal or continuation.
Target 2: 2765
This level may provide further opportunities for profit if the market momentum remains strong.
Target 3: 2773
Aiming for this target could yield significant returns, but ensure to assess market conditions closely.
Stop Loss: 2735
Setting a stop loss at this level helps manage risk. If the price falls below this point, it may indicate a shift in market sentiment.
Gold is going to $3,000 as the market faces a tectonicAccording to the pricing experts, industry leaders, financial analysts, and big banks, there are several factors that could affect gold prices in 2024. These include:
US/Global recession
The Fed stops rate hikes
Geopolitical tensions
High Demand by Central Banks
US dollar weakening
India and China retail gold demand stabilizes
US political risks
Banking failures
You can prepare a buy position every time the market goes down (Buy On Dip), Strong support area $2.602/toz
Disclaimer: This only informative. The information & recommendations provided are not always complete & accurate, so customers need to verify personally. Trading futures is a costly activity and brings not only profits but also losses
Buy Gold @ 2723 - 2719💎Buy Gold @ 2723 - 2719💎
Monday 10/21/2024 03 PM EST
2711 StopLoss —>
2723.5 BreakEven+
TakeProfit 1: 2725
TakeProfit 2: 2727
TakeProfit 3: 2729
TakeProfit 4: 2731
TakeProfit 5: 2733
TakeProfit 10: 2743
TakeProfit 20: 2763
TakeProfit 30: 2783
The Wizard 🧙♂️
XAUUSD Market scenario,, running uptrend (Read captions)XAUUSD Price Forecast 🔔
Gold remains in an uptrend, with key resistance at 2788. A breakout above this level could confirm targets of 2820. Support holds at 2760, and a breakdown through the moving average may trigger further selling, targeting 2739, 2718, and 2696. The 200 EMA & 50 EMA golden crossover signals a bullish outlook.
OANDA:XAUUSD
Trade Setup:
Buy Entry: 2778-2760
Target 1: 2788
Target 2: 2820
Stop Loss: 2755
Trade Setup:
Sell Entry: 2778
Target 1: 2760
Target 2: 2739
Target 3: 2718
Target 4: 2696
Stop Loss: 2792
XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024
Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal.
The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election
/// SELL XAU : zone 2769-2772
SL: 2777
TP: 50 - 200 - 300 pips (2742)
Safe and profitable trading
Trendline Breakout StrategyHere we're analyzing 15M time frame for finding the upcoming moves on Gold price. So I'm using trendline breakout strategy. I will closely monitor the specified levels to leverage them for potential gains in the future.
Use calculated stoploss for your trade.
Use proper risk to reward ratio.
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.
Strategic Gold Trading in NFP Week: Steady PositioningStrategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach.
Specific Trade Setups:
Enter long positions on gold between the 2725-2728 range
Initiate short positions on gold between the 2737-2739 range
Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
XAUUSD (GOLD) BUY ANALYSIS 4HRS TIMEFRAMEHello trader what do you think about Gold? Here on Gold price forming uptrend and has reached a certain level of resistance and is likely to continue falling till it reach at around level of support zone 2758.45 after then trader can now enter for LONG and target profit around resistance level of 2788.89 . Remember to like and share your thought on comment!
XAUUSDIs XAUUSD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 2700 followed 2780.
What you guys think of it?
#xauusd #elliottwave long buy setup wave 5 1Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
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
XAUUSD Trading Setup - Gold : Triangle Pattern ?Trading Setup:
A Trading Signal is seen in the Gold XAUUSD Currency Pair.
Traders can open their Buy Trades NOW
⬆️ Buy Now or buy on 2739.0
⭕️SL @ 2723.0
🔵TP1 @ 2784.0
🔵TP2 @ 2799.9
🔵TP3 @ 2840.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
XAUUSD - LONGXAUUSD on the daily timeframe has triggered our entry setup with a retest of the daily order block. Buys are currently valid, targeting a 1:3 risk-reward ratio or swings to the 3000 price level.
