GOLD D1d th3 buy3rs w1n?Hello.The US 1s 3xp3r13ncing an acc3lerat3d d3t3r1orat1on of 1ts public account and this should soon b3 s33n on the US tok3n.
XAUUSDG trade ideas
GOLD 31/10/24 potential to sellTo approach a potential sell near the 2790 level in gold
Waiting for confirmation prevents premature entry. Be prepared to skip the trade if price action signals a breakout above 2790
XAU/USD Chart Analysis: Key Levels and InsightsTrading Market Analysis
In my recent analysis of the trading market, I have established some key levels:
Support Level: 2780
Resistance Level: 2780
Key Observations:
If the price touches the support level of 2780, it has the potential to rise up to 2787. This indicates a bullish sentiment if we can hold above this level.
Targets:
My primary target for today is set at 2786. This is a crucial point where traders might look to take profits.
Additionally, I have a secondary target at 2790, which could be reached if bullish momentum continues.
Conclusion
Monitoring these levels will be essential for making informed trading decisions. Stay alert for any movements around these points!
Gold Sentiment EstimationGold will continuously bullish, but it will be correction first before uptrend continuation.
XAUUSD WONDERMAP!XAUUSD WONDERMAP!
Bullish daily close, and we’re gearing up for a massive move!
Expect the price to pullback to H4 RBS, H1 support, and M30 breakout for that continuation buy!
Let’s bring that energy and DOMINATE the charts babyy! 💥
GOLD_109 2024.10.31 03:00:06 Trading Signal BUYFrankPro Signal for GOLD_109
Type: Screen
Signal: BUY
TP: 2832.085
SL: 2769.33
Entry Price: 2787.26
Analysis for GOLD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Down LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided analysis, here are my conclusions for short-term and long-term price expectations for XAUUSD (Gold):
**Short-term (next few days):**
* The price is expected to go down. The analysis mentions a potential short-term correction, with gold possibly falling to support levels at 2677 - 2672 and 2650 - 2642.
* The Target Zone of 2740 - 2729 has been reached, and a downward correction may start from the current prices.
* Long trades could be considered once the support zones are reached, with the main target at today's high.
**Long-term (next few weeks/months):**
* The price is expected to go up. The overall trend is considered bullish, with buyers looking to test the $2,800 level.
* Technical readings in the daily chart favor another leg north, with key support levels at $2,751.90, $2,739.70, and $2,721.20.
* The Elliot Wave Theory and Fibonacci levels analysis also suggests that the trend is still up, and a break of the current structure is needed to confirm the end of the recent wave.
Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements. Other factors, such as unexpected economic events or changes in market sentiment, can influence the price of gold.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the price movement of XAUUSD (Gold) in the short-term and long-term:
**Short-Term Outlook (next few days to a week)**
* Expected price movement: **Down** (correction)
* Reason: The price has reached a new record high, and a short-term correction is possible after reaching the Target Zone of $2,740 - $2,729.
* Potential support levels: $2,677 - $2,672
* Potential rebound: If the correction occurs, gold may rebound from the support levels.
**Long-Term Outlook (next few weeks to months)**
* Expected price movement: **Up**
* Reason: The overall trend remains bullish, driven by upbeat US Consumer Confidence data, anticipation of key economic releases, and market participants seeking safety ahead of the US elections and the Federal Reserve's decision.
* Technical analysis: The 20 Simple Moving Average (SMA) and longer moving averages are all pointing upwards, providing bullish traction.
* Potential resistance levels: $2,775.00, $2,790.00, and $2,810.00.
Please note that these predictions are based on the analysis of the provided data and are subject to change as new information becomes available.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for XAUUSD (Gold) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: **Up**
* Reasoning: The technical analysis indicates bullish traction, with the 20 SMA providing dynamic support around $2,740.60. The indicators are firmly in positive territory, and the support levels are identified at $2,751.90, $2,739.70, and $2,721.20. Additionally, the market drivers, such as the increase in the US Consumer Confidence Index and the cooling labor market, are supporting gold prices.
* However, there is a possibility of a pullback, especially if the current wave structure indicates a completion of the wave three on higher time frames. This could lead to a minor correction before the price continues its upward trend.
**Long-term (next few weeks to months):**
* Expected price movement: **Up**
* Reasoning: The bullish case for gold remains firm, with buyers looking to test the $2,800 level. The underlying market drivers, such as the easing wage pressures and the Federal Reserve's monetary policy, are expected to continue supporting gold prices. Additionally, the upcoming US presidential election and the Federal Reserve's monetary policy decision may lead to increased market volatility, which could further boost gold prices as a safe-haven asset.
Overall, based on the analysis, it appears that the price of XAUUSD is expected to continue its upward trend in both the short-term and long-term, with a possibility of minor corrections along the way.
Result: ST=Up LT=Up
Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD
In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential.
Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements!
Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
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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
XAUUSD WONDERMAP FOR TODAYXAUUSD WONDERMAP FOR TODAY
Daily candle close with bullish momentum! Here’s the plan: Predicting a pullback to H4 breakout, H1 support, M30 RBS, and lower timeframe continuation BUY.
Stay sharp, stay focused! Let’s ride that buy wave and make the market work for us!
Xauusd buy confirm signal From a technical perspective, acceptance above the $2,750 supply zone could be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price beyond the all-time peak, around the $2,759 region, towards testing a nearly four-month-old ascending trend-line resistance near the $2,770-2,775 region. The momentum could extend further towards the $2,800 round-figure mark.
Gold now buy 2750
Support 2766
Support 2780
H4 SCENARIO Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and Federal Reserve policy changes expected by the end of 2024. Goldman Sachs foresees gold possibly reaching $2,700 per ounce, supported by a weaker U.S. dollar and ongoing high demand from central banks worldwide. Other analyses, including insights from Bank of America, suggest levels around $2,400 if rate cuts proceed in Q2 2024, which may stimulate further demand.
Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,757.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,755.30.
Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Soon Gold Fall again in the zone of 2710_2720We've identified a triangular pattern in gold's price movement, with consistent respect for established support and resistance levels. As previously forecasted when gold was at $2715, our analysis indicated a potential all-time high (ATH) around $2780, which is now within reach. Investors are advised to consider opening sell positions within the $2775-2780 range, with a recommended stop-loss at $2790 and take-profit at $2720
Gold Next TargetGold pulls away from the all-time-high it set near $2,790 earlier in the day and trades at around $2,780. With the US Dollar struggling to find demand after mixed macroeconomic data releases, however, XAU/USD's downside remains limited.
GOLD-Trade Plan 30/10/2024Dear Traders,
Based on our earlier analysis, gold touched the 1.618 Fibonacci extension of wave 4 and then retraced approximately 100 pips. Our projection for the end of wave 5 is between 2790 and 2810. I anticipate a significant correction of at least 1000 pips, taking the price down to around 2680. We'll need to wait for wave 5 to fully develop and for confirmation of our analysis before taking any action."
Dont Forget Like&Comment please !
Regards,
Alireza!
Gold- Trade Plan - 28/10/2024Today's gold market opened with a bearish gap, finding support near 2725. Based on my technical analysis, there are two potential scenarios: 1) A bullish breakout above the previous high, targeting 2790, or 2) A retest of the 2700 support level to gather momentum. With no significant news on the horizon, I'm anticipating a period of consolidation."
Dont Forget like&Comment please !
Regards,
Alireza!
GOLD — Wave 4 CorrectionGold is entering a danger zone now, the fifth subwave of the third wave that started one year ago is about to end soon. Also approaching a macro trend line resistance.
Here's a macro view so that it's clear where do all the lines come from:
XAUUSD TRADE ANALYSIS Although XAUUSD is at uptrend now, but the price is entering into downtrend phase to target sell side liquidity resting below. With the sell side liquidity sweep it will regain momentum back to the major trend which is uptrend.
GOLD A NEW ATH AFTER THIS RETRACE 2850$ HELLO TRADERS
Technically on daily charts it show a retracement after a higher over bought conditions next rate cuts coming soon US Elections a week ahead world geopolitical wars remember wars not a single war only wars escalating day by day Putin in Ukraine and North Korea officially Involvement of troops allies with Russia & Bricks new currency with US 35 $ Trillion Debt all these things are behind the charts too noting hidden DE-DOLLARIZEING so it's a great opportunity to join the rally and bull Rally to commodities more new ATH Coming banks and Institutions are accumulating shiny metal. investors always prefer safe have Technically + fundamentally with a low risk and looking for bigger rewards it's a great trade idea in my view what's Ur friends we love your support don't forget to boost if you really love our given analysis its always be appreciate Ur comments and share which gave us more energy to bring u incoming great markets updates technically and fundamentally
Make a proper search before any trade
Stay Tuned
XAUUSD: Bullish trend still intact.Gold is heavily bullish on its 1D technical outlook (RSI = 67.558, MACD = 11.460, ADX = 25.892) as supported by the 4H MA50, it is approaching the top of the 3 month Channe Up. Compared to the two bullish waves before it, the 4H RSI shows that there is still at least another 2 days on this uptrend. Stay bullish (TP = 2,800) and sell on the first sign of rejection near the top.
See how our prior idea has worked out:
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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.
