XAUUSDK trade ideas
GOLD (XAUUSD): Will It Go LOWER?We witnessed 2 significant bearish breakouts on 📉Gold on intraday/daily chart
Initially, the price broke through a crucial daily horizontal support level. Additionally, the market closed below a significant upward trend line.
The violation of the horizontal and vertical structures now form a widening supply zone.
It is recommended to consider shorting from this area, with the anticipation of a continued bearish trend towards 2720.
XAU/USD : Another Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as expected last night, gold showed an upward movement with the market opening. After maintaining its position above the noted support level, it reached the targets of $2739 and $2744. Currently, gold is trading around $2742, and we’ll need to watch over the next two hours to see if it can stabilize above this level.
The key demand zones are $2738.6-$2739.7 and $2727-$2733, while the important supply zones are $2747, $2752, and $2757.
Gold- Where to sell for down continuationOver the past 10 days, I’ve consistently noted that OANDA:XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days.
A strong correction is both healthy and expected.
Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom.
Despite this correction, I believe there’s more downside potential ahead.
I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals.
My overall target remains a drop below 2700, with 2690 as a strong support level to test.
THE KOG REPORT - NFPTHE KOG REPORT – NFP
This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
It’s a quick one for this NFP due to it being the first day of the month as well as KOG having completed nearly all the bias and Excalibur targets on Gold. On the chart we have the levels with key level 2730-27, which if supported again can give us a further push upside into the 2760-65 level initially. The 2760-65 level needs to be watch, as breaching this level will correct the move for yesterday and we will be attempting to break above 2800.
Below, we need a break below the 2730 level to see further losses with lower bias level targets sitting at 2710 and below that 2703.
As always, trade safe.
KOG
Lingrid | GOLD Weekly MARKET OutlookOANDA:XAUUSD spent half of the week trading sideways between the 2710 and 2750 levels, remaining within Wednesday's range. This sideways movement created liquidity above and below these levels, and if the market tests these zones, we can anticipate some volatility.
On the weekly timeframe, the market formed a small candle, indicating a pause in the bullish momentum. Ideally, I would like to see a false breakout below the previous week's low, followed by a continuation of the bullish trend. Conversely, breaking above this week's candlestick would be very bullish.
On the daily chart, we've seen the formation of a bullish flag, which suggests a potential upward movement towards 2800. I believe that gold could eventually reach 3000 by the end of the year, although the path there is unlikely to be straightforward. Next week, we have a significant amount of high-impact news, which will likely to inject some volatility into the markets, so we should exercise caution. Overall, I see any pullback as an opportunity to go long.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
XAU/USD : Ready for more LONG ? (READ THE CAPTION)By analyzing the #Gold chart in the 15-minute timeframe, we can see that gold is currently trading around the $2780 level. If it holds above this level, I expect further upward movement. The potential targets for this rise are $2784, $2787, and $2790.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XAUUSD Daily AnalysisAccording to our previous analysis which showed the exact movement of Gold (based on ichimoku ), the trend of gold is still upward.
So we have correction on chart and expecting to move from the range of 2761 to the first support area ( 2698-2688 ) and then move to higher resistance zones ( 2783- 2788 ) and ( 2814-2819 ).
Note:
*If the 2761 range (4-hour kijensen) is broken, we expect our expected downward correction from the 2783-2788 range to the the support zones.
*if the support of 2698-2688 is broken, the next support zone is (2640-2629).
*We trade at all these levels with proper mm :)
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
In Sunday's KOG Report we gave the levels of interest above that we wanted to long into and then said we would be looking for RIPs there to short the market. We did get a bit of a stretch and range above, but the 2780-85 region worked well together with KOG's bias of the day completing all the bullish targets and then giving us the move down that we wanted today following the bias level targets and the red boxes. A phenomenal move on Gold which may have caught many traders by surprise, but after the move we've had, it's normal to see this type of pullback.
Now we've tapped into the order region and price looks like it's exhausting, we will suggest no shorting here, rather be looking for the 2730 level to hold us up and for there to be a potential move upside into the initial levels of 2745 and above that 2750. Expect there to be a lot of ranging and choppy price action now pre-event NFP tomorrow. For now, that's been a pretty accurate week again for the KOG Report.
As always, trade safe.
KOG
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our plans to buy dips playing out perfectly!
Market opened with a gap down hitting our bearish target at 2636 followed with a cross and lock opening the retracement range. 2728 Goldturn was hit perfectly followed with a bounce into 2736 and now heading towards 2746.
We already had a candle body close above 2746 before market open with a gap above at 2752. Ema5 cross and lock above 2746 will open the full range above. Failure to test and break 2746 will see price test the lower Goldturns again, keeping in mind the full retracement 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.
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
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
Gold Analysis==>>Falling(Signs)Today's data release included the Core PCE Price Index , Employment Cost Index (ECI) , and Unemployment Claims . Core PCE, the Fed's key measure of inflation, saw slower-than-expected growth, suggesting some cooling in consumer prices. This could lead to a potential moderation in the Fed's rate policy if inflationary pressures continue to ease.
The ECI also grew slower than forecasts, indicating wage growth remains somewhat controlled, which also alleviates inflationary concerns. Meanwhile, the higher-than-expected unemployment claims hint at challenges in the labor market.
According to the recent economic data and the possible reduction of inflationary pressures, the desire to reduce the interest rate has increased, and this has caused the price of gold to decrease . Gold ( OANDA:XAUUSD )is attractive as a safe-haven asset in times of high inflation, and deflation has reduced its demand.
Regarding Technical Analysis , Gold started to fall, as I expected in the previous post.
According to the Elliott wave theory , Gold has completed main wave 5 , and we should wait for Corrective Waves .
One sign of a further decrease in Gold can be the formation of a Bump and Run Reversal Top Pattern , which is currently in the Run phase .
I expect Gold to continue its downward trend due to the high momentum of the decline experienced in the previous hours. Drop targets can be the Support zone($2,720-$2,708) in the first step and then the Lower line of the Ascending Channel .
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD: Based on Previous Analysis! **XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Based on our previous analysis, we had expected prices to reversed from our designated buying zone. And price did that exactly, reversing from 2625 which took the price towards 2771. Where we have seen some resistance. We still are very much bullish on Gold. Next targets are 2800$ and then 2900$ as followed.
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signalling a strong bullish sentiment. Traders with open buy positions may consider holding them.
The market opened with a sell side gap on Monday, which does not invalidate our entry at all. Currently, the price is 400+ pips in the green. I recommend closing half of the positions.
THE KOG REPORT - ELECTION SPECIAL THE KOG REPORT:
This week’s KOG Report is a little different this week due to the upcoming elections. For that reason, we’re going to share the levels and potential movement since we are almost guaranteed to see some extreme movement over the coming sessions. The chart was shared in Camelot together with the analysis 4yrs ago which worked well.
On the left chart you can see the 2020 reaction to the elections giving a powerful movement across the markets and gold moving over 2000pips in days. We’ve shown this chart to make new and less experienced traders aware of what can happen based on any result! Price will whipsaw, they will chop and change direction and when they move, it will really move. IF, and it’s a BIG IF, you’re going to attempt to trade it, please make sure your lot sizes are sensible, and your risk model is flexible enough to adapt to sudden changes in direction.
Now the chart on the right. We have drawn a path, but it’s based more on a potential fractal rather than set in stone. The levels however are important, and potentially if targeted can give traders opportunities to capture the bounces or, give them a better understanding of where price can go before taking a breather. We’re close to the 2800 level but as you can see, we’ve struggled to break it, this usually just means that price has travelled enough to take a slight pause in direction, and requires a pullback, which is what we analysed and traded last week. How far thought, with extreme news and volatility entails caution, our immediate support and resistance levels hardly work in these scenarios.
So, when we look at extreme levels on the chart we can see the following:
We have resistance above on the daily at 2745 which needs a daily close above to go higher. This flips our support level into the 2715 level which looks like a decent level for price to attempt in the coming sessions. Our order region is sitting at the psychological level of 2700 with the extension of the move into the 2680-5 level. This, if attempted could give traders and opportunity to take the long back up towards the 2730-35 red box level which will have also flipped into resistance. This is the level currently in play and needs to be monitored as this is the order region they’re using to propel the price in either direction. It’s also the reason they’re accumulating here and start the pre-event range. Break above, and we should see bulls’ step in and force price higher, as shown in the illustration on the chart.
The range is big, the high in sight is the 2820-34 region, which if attacked and rejected can give us opportunities to capture the larger short trade, while the 2575-65 level is sticking out for the undercut low. To be totally honest, knowing what can happen and how price can move, it’s the same strategy as trading NFP and FOMC. Don’t trade the volume driven candles, wait for price to move, use the levels and the red boxes, and then, with a risk model in place take a sensible trade if you’re going to trade it.
The above is just our view and more for educational purposes. We will continue to use our proven red box strategy, indicators and our trusted algo Excalibur to guide us through the markets.
Good luck for the week ahead!
KOG’s bias for the week:
Bearish below 2744 with targets below 2720, 2714 and below that 2702
Bullish on break of 2744 with targets above 2792 and above that 2803
Red boxes:
Break above 2744 for 2753, 2765, 2780
Break below 2730 for 2715, 2705, 2695
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Lingrid | GOLD takes a BREATHER before the next BULLISH MoveOANDA:XAUUSD dipped sharply following unfavorable news for gold. However, the market found support after testing both the support level and the upward trendline. Given the recent significant bearish move, we can anticipate some sideways movement in the near term. While the October candle closed bullish, suggesting potential for bullish trades, the daily timeframe has formed a "three-candle reversal" pattern, which is somewhat concerning. If this pattern plays out, the price could potentially drop to 2700. Nevertheless, given the prevailing bullish trend, I expect the market to consolidate below the psychological level of 2800 before breaking through it to retest that level. My target is resistance zone around 2785
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
NF - the market becomes negative! XAU decrease⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) regain some ground on Friday, supported by uncertainty around the US presidential election and ongoing Middle East tensions, both of which increase demand for safe-haven assets.
However, rising US Treasury yields and a stronger US Dollar (USD) could weigh on Gold. Traders are awaiting Friday’s October employment data, including Nonfarm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings, for further direction. Strong results could reduce expectations for a softer policy approach by the Federal Reserve (Fed), potentially adding pressure on the non-yielding yellow metal.
⭐️Personal comments NOVA:
After yesterday's unemployment data - good for the dollar - gold fell sharply. This could be a sign of a major correction as important NF data is released today
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2762 - $2764 SL $2767 scalping
TP1: $2755
TP2: $2748
TP3: $2740
🔥SELL GOLD zone: $2788 - $2790 SL $2795
TP1: $2780
TP2: $2770
TP3: $2760
🔥BUY GOLD zone: $2712 - $2710 SL $2705
TP1: $2720
TP2: $2730
TP3: $2740
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
DeGRAM | GOLD will continue to growGOLD is in an ascending channel above the trend lines.
The chart maintains an ascending structure.
A harmonic pattern was formed during the correction.
The price has already reached the lower boundary of the channel and dynamic support, and now it is moving in the range formed by the correction levels.
We expect the growth to continue.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Yesterday we said we would continue with the plan and look to complete our targets which has worked well today. Our red boxes performed well as well as our bias bearish below level which gave the tap and bounce from 2771, we wanted 2770.
Targets completed today:
2755, 2762, 2768
This leaves us with one target level remaining sitting at the 2779 and 2780 price points, which if we can support at the indicated levels we feel should be achieved. We're too high now again to long so unless we get a pullback, we'll follow the plan and look for RIPs from the higher levels for the attempt to short.
A great day on the markets completing not only the gold targets but another 10 targets hit across the other pairs we apply the algo to.
As always, trade safe.
KOG
Gold- Where is the next 1k pips trade?As I've outlined in both written and video analyses on FOREXCOM:XAUUSD , I’m anticipating a substantial pullback in gold prices.
Let’s look at this objectively: just as trees don't grow to the sky, neither does Gold.
With a remarkable 2,000-pip rally over the last 20 days, the likelihood of a meaningful retracement is increasing.
Each new high reached only makes a sharper pullback more probable.
That said, I’m not rigidly fixed on one outlook.
In yesterday’s analysis, I noted that a new all-time high seemed highly probable.
Acting on this, I opened a small long position after observing a buildup consolidation just under the previous ATH, which I closed at 2770.
The key question now isn’t whether gold will start pulling back, but rather where that pullback will begin.
On the 1-hour chart, since the low near 2600 on October 10th, Gold has been trading within an ascending channel.
Each time the price touches the upper boundary of this channel, it has reversed back down. Based on this behavior, I anticipate a similar reaction if gold approaches or slightly exceeds 2800, and I plan to fade any move above that level.
In conclusion, for those looking at potential 1,000-pip opportunities, I believe the short side currently holds more promise. In the short term, a retracement toward 2700 seems more realistic than an extension to 2900.
P.S: Looking at previous times when Gold has made ATHs, the reversal from the top has been more than 1000 pips.
Gold Roadmap==>>Short term!!!The recent CB Consumer Confidence and JOLTS Job Openings reports are both pivotal indexes for gold’s market reaction. A lower-than-expected JOLTS report , indicating fewer job openings, suggests possible economic slowing, which tends to support higher gold prices as investors look for safe-haven assets. On the other hand, if the Consumer Confidence Index shows strength, it can signal economic resilience, potentially reducing demand for gold as risk-on assets may become more attractive.
Gold ( OANDA:XAUUSD ) moved as I expected in ✅ yesterday's post ✅.
Gold is moving near the Potential Reversal Zone(PRZ) .
According to the theory of Elliot waves , it seems that we should wait for wave 4 of Gold in the 15-minute time frame .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to decline to at least the Support zone($2,761-$2,756) and the Uptrend line .
⚠️Note: If Gold goes over PRZ, we have to wait for $2,800(at least)⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD - Price can bounce up from support area to $2785Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it at once fell below a support level, but soon backed up.
Then it continued to decline and later broke $2645 level one more time, after which reached the support line.
Gold bounced and exited from the falling channel, and started to grow inside the pennant, where it soon broke $2645 level again.
After this, the price made a first gap and later rose to $2735 level, where it some time traded near and broke it too.
Next, price made a second gap, reached the resistance line of the pennant, and then declined to the support area.
In my mind, Gold can little correct and then bounce up to $2785 from support area, exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Gold Price Analysis October 31Fundamental Analysis
The US Dollar (USD) attracted some buying on the dip and now appears to have halted its corrective slide from three-month highs amid bets on a slower pace of rate cuts by the Federal Reserve (Fed), supported by strong economic data. This, coupled with concerns over the growing US fiscal deficit, continued to push US Treasury yields higher and limited the upside in the non-yielding yellow metal as it remained mildly overbought on the daily chart.
Traders also appeared reluctant to place fresh bullish bets on Gold, opting to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. In addition, the closely watched US Non-Farm Payrolls (NFP) report on Friday will be looked at for clues on the Fed's interest rate outlook, which will boost demand for the precious metal.
Technical Analysis
After a strong reaction around 2771, the session port zone was formed and is the immediate support level today for gold prices to react. 2756-2758 is noted in the area after which is a notable break point. In the resistance direction, SELL orders are not very favored. Ahead is the ATH level 2789, which is not too trustworthy, the second level around the port in 2799-2801. With the next resistance point, pay attention to the psychological level 2810. Wish everyone a successful trading with my analysis.
2787 ! ATH XAU heading in today⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) reach a new record high during Wednesday’s Asian session as US election uncertainties and ongoing Middle East conflicts drive demand for safe-haven assets. Additionally, a slight drop in US Treasury yields and a softer USD further support the precious metal, outweighing the upbeat market sentiment, which would typically limit Gold's appeal.
⭐️Personal comments NOVA:
The uptrend continues to maintain - positive from the market before the November 5 US presidential election. Aiming for the price range 2787 - 2800
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2787 - $2789 SL $2792
TP1: $2783
TP2: $2778
TP3: $2770
🔥SELL GOLD zone: $2801 - $2803 SL $2808
TP1: $2795
TP2: $2780
TP3: $2760
🔥BUY GOLD zone: $2755 - $2757 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
