XAUUSD position Today's GDP News could see Gold reach ATH of 2800.If the Gold price hits the mark then it could drop sharply during the crude oil inventories news. XAUUSD Plan day (30/10/2024) SET UP GOLD PRICE: SELL GOLD zone: $2796 - $2800 BUY GOLD zone: $2762 - $2763Longby Godfrey4812
Those who are shorting or want to short remember to readToday, the market has reached my target position of 2757, 2765.2770 for the third time. The long order has completely won. After the fast strategy of high-level selling and low-buying was announced today, members all made good profits. In such an extreme market, I think such a profit is acceptable. Maybe for many people, not losing money is a good result. But not for me. There must be a profit every day. And it must be a good profit. Next is the short selling plan. Today, the New York market is expected to retreat to 2765 or below. If it reaches, continue to go long. The target is 2775. The Asian market can continue to wait for the position of 2780. The announcement of GDP the next day needs to be paid special attention. If the data is negative, the probability of reaching 2800 this week is not high. If the data is positive, then 2800 is very close. Because there will be a non-agricultural data release on Friday this week. This value can determine whether the market can reach 2800 points. In layman's terms, the gold price will continue to rise from today to tomorrow. It has been expanding profits for a month. Others verify based on the winning rate. My verification method is based on the failure rate. If you want to save your account, follow me. And leave a message.Longby George_parseUpdated 3
Gold expands its range, waiting for key U.S. economic data.USD buyers took profits after a three-month high, repositioning before key U.S. economic data. The JOLTS survey and Consumer Confidence data will be watched for insights on economic resilience and potential Fed rate cuts. Traders are cautious ahead of the PCE inflation index and Non-Farm Payroll report, as well as Q3 earnings from major companies like Alphabet, Meta, and Amazon, which are weighing on the USD. Personal opinion: If gold holds steady at $2,750, it could be a positive signal for optimistic traders. If it continues to rise, gold might surpass the all-time high around $2,759 and test the resistance level of the upward trend line that has been in place for nearly four months, around $2,770-2,775. If this momentum continues, we could see gold reaching the $2,800 mark. Pay attention to the price range: Buy Zone: 2727 - 2725 SL: 2720 Sell Scalp: 2758 - 2760 SL: 2765 Sell Zone: 2769 - 2771 SL: 2776Longby Chana-TradingUpdated 3
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.Longby jfqch1Updated 8
XAUUSD ANALYSIS PLAYING OUTAt the start of the week I told you guys of how I will be taking buys if price broke above and retest yes price did that but I missed getting in was waiting for a pullback to activate buy my limit buy didn’t get a pullback but if you got in at the support congrats and Enjoy….Longby THATGUYMAZINO1
BULLISH OUTLOOK showing a slight uptick of 0.11% in today's session. The price range for today is between $2,728.75 and $2,733.15, while the 52-week range for gold Based on technical analysis, the momentum is mixed, with near-term indicators leaning towards a buy signal. This suggests that gold prices may see some bullish movement, but overall sentiment could shift due to market volatility. The possibility of gold approaching the $2,750 mark exists if momentum sustains, but caution is advised.Longby BELLATRIXFXUpdated 2219
Xau/ usd ShortLong Trend Is Still Bullish but On Technical basis short is coming. Resistance area from 2770-2780. And the top trend line is also touching these areas. So From this resistance zone seller will be active.first support is 2715-2720Shortby ammad19444
#XAUUAS #GOLD 15MinOn the lower timeframe, I’m looking for a buying opportunity around my key zones at 2734.00 and 2730.00. Targets: 2750.00 / 2765.00 / 2775.00 Avoid placing advance orders at this time; wait for a strong bullish confirmation before entry. #XAUUSDLongby PIPSFIGHTER6
Gold 1H Intra-Day Chart 28.10.2024Gold did push up which we did say would be a possible option. Currently at a new ATH of $2,774! Here is what I am looking for next; Option 1: Gold bullish momentum now slows down & starts dropping towards $2,718. Option 2: Gold pushes a little higher towards $2,785 next.Longby BA_Investments5
#XAUUAD #GOLD 1HAccording to the 1-hour analysis, I'm currently observing a potential long-term buying opportunity if the price retraces to the 2725 - 2710 zone. Targets: 2730 / 2740 / 2755 Refrain from placing advance orders at this time. Wait for a clear bullish confirmation before entering. No Confirmation, No Entry. #XAUUSDLongby PIPSFIGHTER5
Continue to short goldFrom the market point of view, the decline of gold in recent trading days is inseparable from the boost of news, but overall, the bears have clearly taken the advantage. In terms of the daily line, the current daily line structure is six consecutive negatives, which is very weak from the perspective of the shape alone, especially after breaking the 2630 low support and closing at a low level. After the gold price tested near 2630 yesterday, the upward weakness was fully revealed. The short-term indicators continued to probe downward, and the price was under pressure. The short-term 5-day moving average and the 20-day moving average formed a strong suppression. The other period moving averages maintained a short-term arrangement and development. The daily line tended to be obviously weak, and the overall bears had the advantage. Operation ideas: It is recommended to continue to look at the performance of bears for intraday operations. As for the upper resistance, continue to pay attention to the 2630 area. This is the low point of last week and is a strong support. It is also the current top-bottom conversion. Therefore, there is a probability of continuing to explore the 2600 area or even breaking through it during the day. If it is strongly broken by the bulls, it may form a wave of continued pull-up. At that time, we need to focus on the intensive strong pressure in the 2645-2650 area. After being pierced at the end of last week, there was a large decline, which fully demonstrated that its suppression was strong, so we can continue to arrange short positions. As for the lower support, pay attention to the 2605-2600 area. As the low point of yesterday's trading, it is the first time to approach it in the white market today. Short-term long can be considered, but any break will increase the probability of short-term extension downward. At that time, we need to pay attention to the short-term support formed in the 2685-2688 area. Of course, for these short-term supports, I think we can only participate in short-term long when the opportunity arises. After all, the current short-term control ability is constantly strengthening.Shortby jfqch1Updated 1115
One more high?Gold made a perfect cup and handle formation for wave 5 profit. I think that if we made a 5th wave extension, it might go even higher to 1.618 of the beginning go 1 and ending of 3. Bullish target at 2878. Then, we can see a huge drop I think.Longby Alecampos831
Ideal Time to Short Gold Overnight—Exercise CautionGold is now ready for another short (sell) position, with the option to hold overnight and plan to close tomorrow. Please be mindful of the risks as you trade and ensure your strategy aligns with your individual risk tolerance—stability is key to success!Shortby Wealth_Waves116
#Gold another bearish leg possibilityIn the 1H timeframe, it appears that price has completed a 5-wave bullish impulsive move, which may now be followed by a 3-wave bearish corrective move. So far, we have observed legs A and B of this bearish correction, but wave C has yet to form. Therefore, as long as price remains below 2747, we can anticipate this bearish move to unfold.Shortby mohemati1
Gold Cup & Handle --> still room to goThere are several ways to approach trading the cup and handle, but the most basic is to look for entering a long position. The image below depicts a classic cup and handle formation. Place a stop buy order slightly above the upper trend line of the handle. Order execution should only occur if the price breaks the pattern’s resistance. Traders may experience excess slippage and enter a false breakout using an aggressive entry. --- in % terms we would have upside --- in absolute terms $-Value we are at the topLongby Benbarian1
GOLD ATH SHORTI see Gold accumulated and has taken the highs only one other way to go now. 👁️😉Shortby SUPERINCOMECLASS_SIGNALS333