Get started
GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSDK trade ideas

GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing a gap above at 2751 and a gap below at 2733. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2751 EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2782 EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET 2799 BEARISH TARGETS 2733 EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2717 EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2705 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
GOLD 1H AND 4H CHART ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts today with our 1H chart complete and 4h chart targets also smashed. We got the EMA5 cross and lock above 2762 opening 2772 and 2781, which were hit today completing this 1h chart idea (please see below) Our 4h chart also had ema5 cross and lock above 2737, opening 2760 and 2779, which were both hit completing this range. We now have ema5 lock above 2779 opening the range above. We always take caution chasing targets all the way to the top and that why using our Goldlturns to buy dips is the safest way to chase targets in a new range We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE POTENTIALLY 2779 - DONE EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2737 - DONE 2715 EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE SWING RANGE 2693 - 2669 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
Editors' picks
OANDA:XAUUSD
by Goldviewfx
17
GOLD 4H CHART MARKET UPDATEHey Everyone, Another great day on the chart for us today with price rejection on the final range after hitting all our targets. As shared yesterday we don't like chasing targets all the way to the top on a new range and safer to buy dips and that's what we have been doing, Today once again we were able to use our 1H chart levels to buy 30 to 40 pip dips from our strategic levels even against todays trend. That's the power of our chart setups!! We now have a gap left on the top of the range and seeing price reject into the 4H chart retracement range. We expect a reaction here for a bounce or a cross and lock below this range will see the swing range. We are now also seeing price back in the range on both 1H and 4H chart and therefore the levels and our cross and lock weighted levels are active once again, for us to track and trade the movement. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS) - DONE POTENTIALLY 2779 - DONE EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2737 - DONE 2715 EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE SWING RANGE 2693 - 2669 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
14
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Our 1H chart is idea playing out perfectly, as analysed!! As advised yesterday we got the 2746 hit, followed with ema5 cross and lock above 2746 opening 2752 and 2762. Both targets were hit today completing this range range. We will now look for ema5 lock above 2762 to open the range above or failure to lock will follow with a rejection into the lower Goldturn for support and bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGETR 2746 - DONE EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET 2752 - DONE 2762 - DONE BEARISH TARGETS 2736 - DONE EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2728 (DONE) - 2720 EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2707 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
17
GOLD → The SMAs are hinting that it's about time ... News!FX:XAUUSD is forming a phase of correction, the reason for which is the change of fundamental background. The pressure from sellers is increasing, and the market is forming a key support at this time... Disappointing 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 SMAs are tending towards each other, which could be a mixed reaction from traders. Markets are prioritizing a Republican victory, in fact, this could intensify gold's correction. But the denouement of the presidential race is tomorrow! For now, the focus is on the flat boundaries! Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
22
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing a gap above at 2754 and a gap below at 2724, as weighted Goldturns and will need ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2754 EMA5 CROSS AND LOCK ABOVE 2754 WILL OPEN THE FOLLOWING BULLISH TARGET 2784 BEARISH TARGETS 2724 EMA5 CROSS AND LOCK BELOW 2724 WILL OPEN THE FOLLOWING BEARISH TARGET 2696 EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE RETRACEMENT RANGE 2672 EMA5 CROSS AND LOCK BELOW 2672 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2640 - 2611 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD ROUTE MAP UPDATEHey Everyone, Another great day on the chart today, buying dips inline with our plans from yesterday and our updates on this chart throughout the week. Yesterday we stated after completing all our targets that we were seeing price back in the range on both 1H and 4H chart and therefore the levels and our cross and lock weighted levels are active once again. We also stated that price was testing the retracement range Goldturn 2737 and we will likely see a reaction here. This played out perfectly with the retracement range providing the support for the bounce into 2760 inline with our plans to buy dips We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart idea already playing out. We started the week with a gap above at 2751 and a gap below at 2733. We stated that we will see price lay between these two levels and a cross and lock on either levels will confirm the next range. We got the bearish target at 2733 hit, which gave us the perfect bounce inline with our plans to buy dips. The full gap remains open and therefore we will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2751 EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2782 EMA5 CROSS AND LOCK ABOVE 2782 WILL OPEN THE FOLLOWING BULLISH TARGET 2799 BEARISH TARGETS 2733 - DONE EMA5 CROSS AND LOCK BELOW 2733 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2717 EMA5 CROSS AND LOCK BELOW 2717 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2705 - 2692 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
11
Lingrid | GOLD Pre-Election Weekly MARKET AnalysisOANDA:XAUUSD market recently bounced off a resistance zone, making a impulse move lower. The last time the market approached the psychological 2700 level, it reached 2685 and then bounced off the resistance zone, spending over three weeks in a sideways move before eventually hitting 2700. With the recent bounce off the resistance zone at 2787, it seems likely that the market could remain in a consolidation zone for now. With the overall trend being bullish, any pullback could present an opportunity to enter long positions. However, it is important to consider that this upcoming week is an election week, which could lead to unexpected market reactions. Historically, the gold market has seen corrections after every election since 2012, and it is possible that we may see a similar pattern this time around, especially given that there has not been a red month since March. This scenario suggests that the market could spend another couple of weeks moving lower towards the October lows. On the weekly chart, we also see a long-tailed bar, indicating a potential retest of the 2650 support zone if the price breaks and closes below the previous week's low. With the upcoming presidential election and federal funds rate announcements, it is important to remain vigilant and be prepared for increased volatility and potential market corrections. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
20
GOLD → Background Change. Is it time for a correction?FX:XAUUSD is facing profit-taking and a strong correction after Thursday's news. From ATH, the metal is down 2% for the day. Today is an equally busy news day! The stock and futures market declined quite a bit in yesterday's session. Most likely a reaction to rising inflation..... The data was quite unexpected. The election race is on the agenda. The main question is the pace of easing under this or that president.... At the moment the focus is on the NFP report, which will be released later Friday. It is expected that the economy added 109K new jobs in October and the unemployment rate is expected to remain unchanged at 4.1%. Technically, gold is coming back under the strong 2760 level, this was confirmed by a retest early in the European session. The market may be interested in the imbalance zone and the approximate area of 0.5-0.7 fibo... Resistance levels: 2758, 2771, 2789 Support levels: 2745, 2738, 2728 The fundamental background is changing and it is reflected in gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance retest, e.g. to 2724-2713. But, unpredictable data will renew interest in the metal, which may return to the range of 2760 - 2790 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone, Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range. Previously after completing 2725 target, we stated that we had a candle body close above 2725, opening 2760. Although ema5 is lagging on this chart but we still also got the ema5 cross and lock to further confirm this target. - This was hit last week completing this target!!! We now have a candle body close above 2760 for a continuation above with a gap open to 2797, but no ema5 lock, which would further confirm this. Failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
GOLD → Risks are rising and so is the price. News ahead! FX:XAUUSD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race. Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold. The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks. Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa. Resistance levels: 2789, 2800 Support levels: 2777, 2771, 2758 Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
HelenP. I Gold can reach resistance level and then start fallHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price declined to the support level, which coincided with the support zone and broke it, after which started to trades between this level. Later, Gold rebounded from this level and dropped to the trend line, after which started to trades inside the upward channel, where it soon reached the 2655 support level and broke it again. Also, the price made a first gap, after which continued to move up to the resistance line of the channel, and even reached the resistance level, which coincided with the resistance zone. After this, Gold dropped a little and then continued to move up to the resistance level, making a second gap inside the upward channel. When the price reached the 2755 level, it broke it and rose a little more, after which turned around and dropped. Price exited from the channel and broke the trend line too, after which made a retest and now it declined. For this case, I expect that XAUUSD will grow to a resistance level and then start to decline. Therefore I set my goal at 2710 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
9
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on our weekly chart idea that we have been tracking and trading over the last 4 weeks. Last week we stated that we had a candle body above 2729 leaving long range gap open to 2856 and Ema5 lock will further confirm this long range target. - We got a nice push up, which we took using our smaller timeframes but the gap remains open and we are yet to see the ema5 lock to further confirm this. We will also be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated before, if tested at all. As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
The Pip Shift: Why Gold Traders Must Recalibrate SL and TPA few months back, I shared an article highlighting why fluctuations of 30 or 50 pips in Gold (XAU/USD) had minimal impact. At that time, I also predicted Gold’s potential to climb by 1,000 pips to $2,500. Fast forward to today, and Gold has not only crossed that mark but is nearing $2,750—a substantial increase that requires a fresh look at how we interpret pip values in today’s market. Why 100 Pips Today Isn’t What It Used to Be When Gold traded below $2,000, a 100-pip movement carried a specific weight in terms of impact and volatility. As prices rise, the pip value naturally adjusts in real terms. This means that what was a 100-pip fluctuation when Gold was at $1,800 is now effectively a 150-pip movement at $2,750. Proportionally, it’s the same value as before, but this shift has important implications for traders who need to recalibrate their stop-loss and take-profit orders accordingly. Translating Pip Fluctuations into Percentages To understand why this adjustment matters, let’s look at pip movements in percentage terms. When Gold traded at $1,800, a 100-pip fluctuation represented about 0.56% of the price. At $2,750, a 100-pip movement is about 0.36%—a significant reduction. If we want to maintain the same degree of responsiveness in our trades, the stop-loss should be scaled to approximately 150 pips, rather than sticking to a smaller value that might prematurely trigger stops or undershoot our profit potential. Adjusting Your Trading Strategy As Gold continues its upward trajectory, traders must recognize that pip values and fluctuations aren’t fixed in impact. Consider a scenario where Gold moves by 300 pips—when Gold was trading at $1,500, that would’ve been a 2% shift; now, it’s just around 1%. Being attuned to these changes helps traders avoid overly tight stop-losses, which can lead to premature exit, or take-profits that might cut gains short. In other words, risk management isn't just about setting numbers; it's about knowing the context of those numbers within market conditions. By aligning our strategies with current Gold levels, we’re better equipped to maintain consistent risk and reward ratios. Final Thoughts The Gold market's growth brings both new opportunities and a need for mindful adjustment in trading strategies. As pips become “cheaper” in percentage terms, setting stop-loss and take-profit orders based on percentage targets rather than fixed pip amounts is a more adaptive approach. With Gold’s ongoing climb, staying flexible and adjusting to the evolving pip value can help you remain resilient, even in volatile markets.
OANDA:XAUUSDEducation
by Mihai_Iacob
7
GOLD → The calm before the storm. News ahead... FX:XAUUSD is at a strong resistance of 2790. Traders are getting nervous before the news. Risks as well as the price are rising. PCE, Initial Jobless Claims, Chicago PMI are ahead. Traders have taken a wait-and-see stance ahead of the news. PCE along with NFP on Friday should give an insight into the Fed's interest rate outlook. Against the backdrop of a steady US labor market, a 0.25% cut is the most likely scenario. The metal is holding back any fall that could be seen as a correction due to election uncertainty. There is not much time left. As well as news from China and the escalated conflict in the Middle East. Technically gold is in a range, the chart indicates stronger levels and liquidity zones. The most probable scenario is a retest of one of the support zones and further growth after liquidity capture. Targets in such a case could be 2789-2800. Support levels: 2771, 2758, 2745 Resistance levels: 2789, 2800 It is not excluded that there may be a strong shakeout on the background of the news. Market behavior at the moment will depend on the actual data. The reaction may be extremely aggressive. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
XAU/USD : Bull or Bear ? NFP's coming! (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as observed last night, gold dropped sharply from $2782 to $2731, creating a significant liquidity gap. As mentioned yesterday, the first key demand zone was between $2733-$2735, and once the price reached this critical zone, it was met with buying pressure, leading to a rebound of over 250 pips, taking gold up to $2757. Currently, gold is trading around $2752, with the NFP report ahead. If the NFP data comes in lower than the forecast, it could push gold to higher levels. Conversely, if the data is higher than expected, we might see further declines in gold. There’s no certainty here, so I prefer to observe rather than make any trades on gold today. Good luck, friends!
OANDA:XAUUSD
by ArmanShabanTrading
17
Lingrid | GOLD reached Historic HIGHSThe price perfectly fulfilled my previous idea. It hit the target zone. OANDA:XAUUSD has reached another all-time high after breaking and closing above the triangle pattern. The market has been forming small candles, which may indicate a potential pullback, especially with high-impact news scheduled for today that could influence market volatility. I believe the market might retest the previous day's high before moving higher towards another psychological level. Keeping an eye on the news and price action will be essential for determining the next moves. My goal is resistance zone around 2800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDLong
by Lingrid
16
Gold's Next Move: Key Levels to Watch for Bulls and Bearshello guys. Let's dive into FOREXCOM:XAUUSD analysis! Channel Support: Gold is currently trading within an upward channel, showing steady bullish momentum. Correction Point: The price appears to be correcting, aiming to test the 50% retracement level of the last upward spike, around $2,721.50. This area aligns with strong support, often referred to as the "last hunting area." Scenarios to Watch: Bullish Scenario: If gold finds support at the $2,721 zone and reverses, it could rally back up to challenge the previous resistance near $2,770–$2,780, maintaining the bullish trend. Bearish Scenario: A break below the $2,721 support could indicate a deeper correction, potentially targeting the lower boundary of the channel.
OANDA:XAUUSD
by melikatrader94
6
GOLD → ATH Retest. Next $2800 or reversal? FX:XAUUSD is going to 2800 or??? The price is testing the ATH and does not show signs of reversal. A pre-breakdown consolidation is forming around 2758. Will there be another update of the highs? Traders remain cautious ahead of Thursday's PCE release followed by jobless claims and NFP. Profit-taking risks are increasing in both DXY and gold. It all depends on pre-news sentiment (background) as well as actual data. The overall environment is complicated due to the US presidential race. Gold is supported by the Middle East conflict, as well as hopes for more stimulus in the Chinese markets and economy. Technically, gold is returning to the ATH, forming a pre-breakdown consolidation, hinting that there may be breakout attempts for further gains. Accordingly, as we are testing the ATH, we need to be ready for all eventualities! Resistance levels: 2758, 2775 Support levels: 2745, 2728, 2724 Price has been in consolidation near resistance 2758 for the last 8 hours. It is gaining potential. Consequently: 1) If there will be an attempt to break through 2758 with the subsequent holding of the defense by the bulls above this area, then in the short term we should count on the continuation of growth to 2775-2800 2) IF a false breakout is formed and the price comes back down, forms consolidation below 2745, then further gold may go down to support before further growth. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
17
GOLD - History Repeating Itself... Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📔I find the Gold 4H chart interesting. Do you see a pattern here? Look at the first three purple projections. Gold broke below a low (marked in red), which signaled the start of a correction. The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase. Currently, Gold seems to be pausing, which might indicate the start of another correction phase. 🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,710, followed by a break back above it. This projection could lead to the upper bound of the blue channel, around $2,850. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
FOREXCOM:XAUUSD
by TheSignalyst
10