XAUUSDG trade ideas
Gold stays strong amid the US election and Fed rate cuts.Early on Tuesday morning, the latest developments surrounding the U.S. presidential election showed that former President Donald Trump is leading Vice President Kamala Harris in each of the seven swing states, although the margin is very narrow. A survey by AtlasIntel revealed that Trump holds the widest margin in Arizona, with 52.3% compared to Harris's 45.8%.
This update seems to have helped the U.S. dollar halt its decline, keeping gold prices in USD at a low level. Furthermore, expectations of a less aggressive easing cycle from the U.S. Federal Reserve (Fed) have also supported the dollar.
Personal opinion:
Gold prices remain steady, fluctuating between $2,730 and $2,748, with no catalyst pushing them outside this range. While the RSI still indicates bullish momentum, buying pressure seems to be easing. For continued gains, gold buyers need to reclaim the key $2,750 level, which could lead to a target of $2,790. However, a daily close below $2,750 could signal further weakness.
Pay attention to the price range:
Buy Zone: 2715 - 2713
SL: 2708
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2761 - 2763
SL: 2768
GOLD old prices rose and are set to achieve weekly and monthly gains, driven by increased demand.
REUTERS
Additionally, Citibank's research unit has raised its three-month gold price forecast to $2,800 per ounce, citing potential further deterioration in the U.S. labor market and possible interest rate cuts by the Federal Reserve, which could boost demand for gold.
INVESTOPEDIA
Based on this information, the current trend for gold prices appears to be upward.
XAUUSD is forming a phase of correctionDisappointing NFP data was offset by hot wage inflation data. The U.S. labor market report failed to deter dollar buyers as it had limited impact on market pricing in Fed meeting expectations. Which had a negative impact on the price of gold...
All eyes are now on the US presidential election on November 5, and the outcome of the Fed meeting on Thursday. Markets believe that Trump's policy will put upward pressure on inflation, bond yields and the dollar, while if Harris wins, the dovish policy will continue.
Technically, traders are taking a wait-and-see approach. The price is forming a range, and most likely gold will trade inside this channel in the near term
Resistance levels: 2745, 0.5 and 0.7 Fibo, 2758
Support levels: 2731, 2724, 2713
Came a little short term but heavy BAIS is still bullish.Gold price closed on 2735 seems NFP Hiten hard previous day. As i shown in my chart market maybe reject from 2730-33 zone but if not then looking for 2720-24 in extension. Alternative scenario will hit 2750-55 or further and also its a first day of the week so Consolidation in Place
may also possible.
Regards
Asad iqbal khan
Neuron Markets
Buy gold ideaGold has formed 3 necklines, shifted a trend and reversed to take liquidity, i see gold going up and breaking fibo level, retracing 3 times and then hitting tp.
Xauusd sell Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race.
Gold now sell 2660
Support 2630
Support 2595
gold trade setupthis is gold trade setup in downside. how gold react in down side and how to go up that is important.
Gold can continues to grow inside upward channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price a few moments ago started to grow inside the upward channel, where it at once rose to the resistance line and then made a correction movement. Next, the price continued to grow and later reached the resistance line of the channel again, which coincided with the current buyer zone, after which rebounded to the support line of the channel. Then Gold rebounded from this line to the resistance line of the upward channel, thereby breaking the 2605 support level, and also later exited from the channel. Price little grew and then started to decline, and in a short time fell to the support level. After this, Gold started to grow inside another upward channel, where it bounced from the support line and rose to the 2730 level. Price long time traded between this level, trying to break it, and later finally broke the 2730 level. After this, Gold rose to almost the resistance line of the channel, but not long time ago turned around and fell to the support area. At the moment, I think that the price can correct to support the line of the channel and then continue to grow inside the channel. For this reason, I set my TP at 2825 points, which coincides with the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
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
✌️
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance:
Click chart above to see the detailed analysis👆🏻
After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
XAUUSD LONG AND SHORTI will do day trading in xauusd with target 100 pips per day and max drawdown 3% of total equity
Gold Key bar appears at the topGold Key bar appears at the top
Engulfing bar appears at the top
at 4H chart, and the price
touched 1.13.
Therefore, sell gold when the price
pull back around 2784
SL: Above 2791
TP1: 2758
TP2: 2745
Can we see XAU at USD2760 today? XAUUSD starting it's bullish moment, crossing the halfway mark of the uptrend channel, currently at USD2749.25.
While the USD Presidential Election is ongoing, Gold is building up the bullish momentum. If the current candle can close above the previous high (USD2750.09), and maintaining above the upper region of the parallel channel. There may be a good chance we'll be able to see XAUUSD somewhere between USD2760.00 to USD2765.00.
I may be wrong, but still hopeful that will be the case in the next few hours before the election concluded.
DOWN TRENDclosed below the higher time inverse FVG which leads to a possible downtrend, going down the smaller time frame it is also in a down trend and so our bias as been declared. Then an order bock was formed on the 30mins, waiting for a reaction to the downside off the order block or the higher time frame inverse FVG
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis
Daily resistance 2761, support below 2600
Four-hour resistance 2720, support below 2678
Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday.
From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying.
BUY:2778near SL:2774
SELL:2720near SL:2725
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold can still flyAs we have observed gold has gotten instant reversal at 265* from support area. That support area was formed on 10 OCT_ to 15 OCT means it is strong reversal area that will push gold up so my target is 2700.
Gold Long Term AnalysisSo I thought I'd post some thoughts for the first time on TradingView. As we've all heard a million times; 'the trend is your friend.' Given the price movement in Gold in the last week, I thought I'd zoom out on the weekly chart for Gold to see where last week's results sit with the longer-term trend.
I've been using the adaptive trend finder from Julian_Eche, I like this tool because it provides some empirical rigour around identifying the trend along with some statistical testing to determine the strength.
Whilst gold has been in an uptrend since ~Sept '23 we can see that the current trend was established in over the last 20 weeks with a pearson R squared of over 0.98 suggesting that the weekly close is adhering very closely to this established price channel. Last week's close appears to have been a result of some mixed economic news and profit taking however, the trend is still being respected. Given the mixed news from employment data and the PMI figures last week following higher than expected inflation data it appears that the Fed is still likely to cut 25pbs at the end of the week. The US presedential election result also looks to remain tight and it may take days for the result to be known adding uncertainty for markets. Gold ETFs have also seen substantial inflows this year as investors pour into the safe-haven asset which have supported the price.
I believe that all this supports higher prices on the precious metal in the short to medium term and the intra-week movements seem to have respected established channel so far.
GOLD W Closure Very Bearish , Easy Short Setup To Get 500 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD CONFIRM SIGNALThe current situation of gold is that it is stuck between the zone
If it break and close below our support then we can take sell to 40,100pips and beyond than that
OR IF
Its break our resistance then we can take catch 50,100 and 350 pips buy easily
SO GOOD LUCK EVERY ONE
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift.
1950 (completed support line) would be the key price point for that level.
Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level.
TAYOR.
Safeguard capital always.
Yaqoub-proThis chart shows a strategic approach to trading gold (XAU/USD) by setting multiple take-profit (TP) levels and a stop-loss (SL) to manage risk and maximize profit. The entry price is set at 2666.1575, with three predefined target profit levels: TP (1) at 2663.76, TP (2) at 2661.36, and TP (3) at 2658.96. Each TP level offers an exit point that secures incremental profits if the price moves in favor of the trade.
A stop-loss is positioned at 2668.56, limiting potential losses if the market moves against the trade. Additionally, a market session indicator shows which trading sessions are active, highlighting Sydney as active in this example, with trend and volume data for each session. This setup aims to provide a structured risk-reward strategy, allowing the trader to capture profits at different levels while maintaining a disciplined approach to loss management.
