Gold Might break this LAst support and FallIf Gold does not bounce here... It will fall to where my arrow is... Check out more my chart.
Enjoy you profit.
XAUUSDK trade ideas
Seize the opportunity and welcome Super WeekMarket Analysis: No need for lengthy discussions; the best strategy in the current market is to initiate long positions in gold at lower levels. With the U.S. elections and Federal Reserve decisions approaching, the gold market remains bullish. Recent rumors of Iranian retaliation against Israel, coupled with disappointing employment reports, suggest the Fed may lower interest rates, all of which will likely drive gold prices higher.
Technical Analysis: Gold has retraced to the strong support level of 2733-2735. This area represents a robust support zone from the past few days. In the absence of bearish news, it is unlikely that this support will be broken. Thus, our trading strategy this week will pivot from last week’s approach, focusing on going long at lower levels.
Today’s Trading Strategy:
Entry Strategy: Go long on gold near the support level
Take-Profit Target: 2748-2750
Stop-Loss: 2718-2720
Conclusion and Recommendations: This week marks a super week for the month, with numerous major events and data set to impact market trends. How should you navigate these trading conditions? What will the market trend look like? After reviewing my analysis, you’ll have a clearer sense of direction. For specific trading strategies, please reach out to me, and I’ll share the comprehensive trading plan for the week with all my VIP members.
Gold Dips After Rally: Is This the Perfect Buy Opportunity?Hello wonderful friends!
Today, gold prices are showing signs of correction after a period of strong growth, currently hovering around the support level of 2750 USD. Profit-taking pressure after the recent surge has dragged gold prices lower, but the precious metal has maintained its growth momentum for the fourth consecutive month thanks to safe-haven demand.
In Ben's view, gold may enter a consolidation phase, fluctuating between 2750 - 2716 USD before entering a tense period with the US election and the important Fed meeting. Moreover, geopolitical factors and uncertainty ahead of the election results will continue to support gold, while investors seem to be taking advantage of the opportunity to "buy on correction".
Gold swing trade 03 NovemberWith the US elections on Tuesday we have to be carful on that day as Gold will make some erratic moves pre and post election results.
Trade is based on Fibonacci levels and trend lines both weekly .daily and 4 hour looking for a break on previous support levels .
If Trump wins am thinking this will be good for US dollar , this is based on previous election results last time Trump got in we saw the dollar rise.
Like wise if Harris wins we can expect the USD to fall so gold will rise.
For this entry we are looking for gold to rise and get rejected at 2743.2 area, best for us to wait for break and retest there and then fall to previous support level at 2716/17 so we are targeting 270 pips .
Trade safe on Tuesday watch out for sudden moves and as always don't overleverage.
Gold Sentiment EstimationGold will continuously bullish, but it will be correction first before uptrend continuation.
GOLD SHORTING OPPURTUNITY NOV 1ST 2024"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup.
Keep in mind that the recent support may now act as resistance, creating a possible reversal point. Additionally, a minor order block aligns with the 0.618 level on the 5-minute chart. Be thorough in checking all confirmations, and take the trade with a manageable stop loss. Keep your risk controlled, especially with the current market volatility.
If you found this insight helpful, don’t forget to like, follow, and comment for more trade logic!"
Gold could touch 2768 and 2786 again today.Gold is in bullish trend since last week. It is now making strong support and could again cross 2768 and 2787 level today.
Note: This is not a buy/Sell call. Trade with your own decision.
GOLD_109 2024.10.31 16:14:04 Trading Signal BUYFrankPro Signal for GOLD_109
Type: Screen
Signal: BUY
TP: 2799.91
SL: 2718.36
Entry Price: 2741.66
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=Up LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold).
**Short-term Forecast (next few days to a week)**
* The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback.
* Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction.
* Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility.
* Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back.
**Expected Price Movement:** Down ( potential pullback to test support levels)
**Long-term Forecast (next few weeks to months)**
* Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend.
* A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook.
* The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term.
**Expected Price Movement:** Up ( continuation of the long-term upward trend)
Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024:
**Short-term Analysis (next 10 days)**
* The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages.
* The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook.
* The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days.
* Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment.
**Expected Price Movement (Short-term): UP**
**Long-term Analysis**
* The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors.
* The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand.
* However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term.
**Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks**
In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33.
* Potential price target: $2,715-$2,720
**Long-term (next few weeks to months):**
* Expected price movement: Up
* Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend.
* Potential price target: $2,850-$2,900
Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly.
Result: ST=Down LT=Up
Gold's rising momentum continues unabated, continue to focus on
As a traditional safe-haven asset, gold is often favored during periods of geopolitical turmoil. So far this year, gold prices have risen 35% and are expected to record their best annual performance since 1979. The intensified conflict between Israel and Lebanon has led to tensions, further boosting market demand for gold. Israel's recent air strikes have caused a large number of civilian casualties, attracting widespread attention and condemnation from the international community. The Lebanese Prime Minister said that the two sides may reach a ceasefire agreement in the next few days. Although this news may ease short-term tensions, market concerns about the future situation remain.
The release of US third-quarter economic data showed that GDP grew 2.8% month-on-month, and consumer spending grew 3.7% at the fastest rate in a year and a half. Despite the strong economic performance, inflation has slowed, with the core personal consumption expenditures (PCE) price index rising only 2.2%. These data provide new clues to the Fed's policy path. The market generally expects the Fed to cut interest rates by 25 basis points at its meeting next week. Despite strong economic growth, gold remains the first choice for investors in an uncertain environment. As the election approaches, the market is full of doubts about the future direction of US economic policies, and the safe-haven demand for gold may rise further.
The supply and demand of gold also affects the price. Uncertainty in the global economy has prompted investors to increase their allocation to gold, especially in a low-interest rate environment, where the attractiveness of gold as an interest-free asset has increased. At the same time, the loose policies of central banks around the world continue to support gold prices. In response to the economic slowdown, many central banks have generally adopted measures such as interest rate cuts and quantitative easing, which has further boosted demand for gold.
On Wednesday, it hit a record high of $2,789.89 per ounce. On Wednesday, mainly driven by the uncertainty of the US presidential election and geopolitical tensions, investors' demand for safe-haven assets increased significantly. Gold hit a record high again on Wednesday. Today, investors continue to pay attention to the 1-hour support area below 2,778, and go long on gold after the correction stabilizes.
Thank you for your likes, thank you
GOLD A NEW ATH AFTER THIS RETRACE 2850$ 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
intraday call in XAUUSD....wait below tgt1 in next few hours....intraday call in XAUUSD....
wait below TGT1 XAUUSD....in next few hours....
Sell XAUUSD 2789.89 range to 2770 2760 2740 in next few hours....
Xau / Usd ShortLong Trend Is still Bullish .but in short term on technical basis Short is comming because 3/4 Touch on the top trend and also resistance from 2770-2780. I think from this point seller will be active .
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
Possible future outlook for GOLD 100 EMA holding price on a steady up-trend.
Elections + probable RATE CUT coming should give a lot of gas to gold and it could break toward new highs.
I have been calling 3,000 since FEB. Don't be surprised if this week it breaks 2800.
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GOOD LUCK!
Gold Spot (XAU/USD) Analysis – 1-Hour ChartThe chart showcases the recent price action in the XAU/USD pair with a few important technical levels and concepts marked.
Key Observations:
Break of Structure (BOS): The BOS level, around the 2,747-2,748 zone, indicates a previous resistance level that has been broken. This breakout confirms a shift in structure, suggesting the beginning of an upward trend.
Change of Character (CHoCH): This zone, marked just below the peak (around 2,765), suggests a potential change in the current bullish momentum. A CHoCH indicates that the market may be showing signs of weakness and could reverse or consolidate before the next significant move.
Premium Zone and Weak High: The price approached a premium area (2,788-2,792), where it met resistance and created a “Weak High.” This high has not been strongly reinforced, implying it could be tested again if the bullish momentum resumes.
Equilibrium Zone: There’s a shaded equilibrium area around 2,752. This zone represents a balanced area within the recent price structure and may act as a magnet for price if it consolidates further. It could serve as support if the price re-enters the equilibrium range.
Discount Zone and Strong Low: The blue shaded area below 2,720 marks a discount zone, representing a potential support if the price corrects further. The strong low at around 2,700 could act as a significant floor for the price in case of a deeper pullback.
Potential Scenarios:
Bullish Scenario: If XAU/USD maintains the current structure above the equilibrium zone, it could retest the premium zone around 2,788-2,792. A break above the weak high in this zone may open the door for further upside.
Bearish Scenario: A breakdown below the equilibrium level (around 2,752) could bring the price back toward the discount zone. If the price moves into this discount zone, it might present a buying opportunity at the strong low around 2,700.
Conclusion:
Currently, the price action reflects consolidation with potential for both upward and downward movement, depending on whether it respects the equilibrium and premium zones. Traders might consider watching these levels closely for either a continuation of the bullish trend or a potential retracement toward support.
Daily live trade with XAUUSD in 15m/30m/1h 20241104Daily live trade with XAUUSD in 15m/30m/1h 20241104
GoldGold could probably take us back to 2750 for the day.
What happens at the US open remains to be seen.
XAU / USD 4 Hour ChartHello traders. We have the presidential election here in the US tomorrow. This week should be interesting. I will be looking for Long positions at the area marked on the chart if support forms. I have marked my no trade zone for now. Let's see how things play out when Pre NY volume and then the NY open today. I will post an update / lower time frame chart in a bit. Happy Monday, be well and trade the trend. Big G gets a shout out.
XAU/USD "Gold Dollar" Market Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist XAU/USD "Gold Dollar" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High
Stop Loss 🛑: Recent Swing High using 1h timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Gold long-term forecastGold appears to be close or has completed wave 3 up, and should consolidate for a few months before the next big rally.
AGGRESSIVE BUY ON GOLD!Ladies and Gentlemen!
Please consider buying this aggressive entry on OANDA:XAUUSD
