Gold: BUYGuys, gold prices have plummeted, and the opportunity to catch a rebound is here!Longby Wealth_WavesUpdated 2
Gold Sell GOLD HAS REACHED AN ALLTIME HIGH OF 2790. Before this happened gold created a false head and shoulders pattern with a head at 2758 and a neckline at 2717. If gold breaks through 2717 expect a sell to 2700 and 2665 to complete the head and shoulders pattern. And if any downward movement continues as expected, I will give new targets. Shortby R2CTradingPublished 1
Gold's analysis - 30 Oct 2024Gold has reached upper level of the ascending daily zone. Our recommendation; Sell Gold @ 2780 Stop loss at 2805 Take Profit @ 2720Shortby PalmTreeTradingUKUpdated 2
XAUUSDGrabbed a great thursday on the 4h extension here. waiting for demand zone to hit and give a good trade for the friday session. monthly should give some good hopes lets eseeby ASFAND_GOLDPublished 1
GOLD_113 2024.10.31 12:33:04 Trading Signal BUYFrankPro Signal for GOLD_113 Type: Screen Signal: BUY TP: 2794.17 SL: 2768.07 Entry Price: 2778.51 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 Longby frankieproPublished 1
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter. The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market. Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much. Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.Shortby TheLeader_WOLFPublished 2
XAU/USD Chart Analysis: Key Levels and InsightsTrading Market Analysis In my recent analysis of the trading market, I have established some key levels: Support Level: 2780 Resistance Level: 2780 Key Observations: If the price touches the support level of 2780, it has the potential to rise up to 2787. This indicates a bullish sentiment if we can hold above this level. Targets: My primary target for today is set at 2786. This is a crucial point where traders might look to take profits. Additionally, I have a secondary target at 2790, which could be reached if bullish momentum continues. Conclusion Monitoring these levels will be essential for making informed trading decisions. Stay alert for any movements around these points!by BinSalmanFundsRealUpdated 4
Buy Gold @ 2723 - 2719💎Buy Gold @ 2723 - 2719💎 Monday 10/21/2024 03 PM EST 2711 StopLoss —> 2723.5 BreakEven+ TakeProfit 1: 2725 TakeProfit 2: 2727 TakeProfit 3: 2729 TakeProfit 4: 2731 TakeProfit 5: 2733 TakeProfit 10: 2743 TakeProfit 20: 2763 TakeProfit 30: 2783 The Wizard 🧙♂️Longby SmartWizardFXUpdated 5
10.30Gold accelerates to the top, 2780 watershedThe gold market rose strongly yesterday. It opened at 2742.3 in the morning and then fell back to 2739.5. After that, it rose strongly. After reaching the previous historical high of 2758, the market was under pressure and consolidated to 2745.8. After that, the market rose strongly in the US market due to fundamental stimulus. After breaking the previous historical high, it reached the highest point of 2774.9 and then consolidated. The daily line finally closed at 2774.5. After that, the market ended with a saturated large The market closed with a positive line, and after this pattern ends, today's market has the technical need to impact the 2805 pressure. In terms of points, the longs at 1996 and 2028 below have stop losses followed up at 2600. After the long positions at 2722 were reduced last Friday, the stop loss followed up at 2735. Today's market is 2762 longs and 2759 longs are conservative with stop losses at 2755. The target is 2775. If it breaks through, the target of this round of impact will be at the 2800-2805 pressure.Shortby David_strategyPublished 112
XAUUSD buy from the Demand ZoneGiven economic uncertainties and expectations for key U.S. data, gold could serve as a safe haven if market volatility increases. Consider buying on a retracement near the 2770-2780 demand zone with targets at 2850 if momentum continues.Longby HorazioPublished 1
XAU/USD 30 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold’s rally continues, driven by the Fed’s dovish tone and escalating geopolitical tensions, further reinforcing its safe-haven appeal. Price has printed a bullish iBOS, positioning it within an internal low and a fractal high, with the bearish CHoCH level denoted by a blue dotted line. Intraday Expectation: Since the internal range has yet to establish, I’ll remain on standby for now. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. As noted in the weekly analysis from 27 October 2024, the daily timeframe’s CHoCH positioning was distant, making it likely for both H4 and M15 to print bullish iBOS, which has since materialised. Price has now printed two bullish iBOS' within a significantly narrowed internal range, and we’re currently trading between an internal low and a fractal high, with CHoCH positioning marked by a blue dotted line. Intraday Expectation: Technically, price is expected to react at the internal 50% EQ discount to target the weak internal high. However, a bearish iBOS is also plausible. As emphasised before, price remains highly volatile due to ongoing geopolitical tensions and the Fed’s softer stance. M15 Chart: by Khan_YIKPublished 1
Gold Prices Surge, Testing the 2,800 Resistance LevelGold reached a peak of $2,771.61/oz on October 29, driven by political uncertainties and expectations of a Fed rate cut, climbing 0.9% to $2,766/oz. Currently, gold remains in a strong uptrend, approaching the critical resistance level at 2,800 – a barrier that could put pressure on further growth. However, the support zone at 2,700, along with the trendline, acts as a potential “launchpad” if there’s a slight pullback. A smart strategy is to wait for a pullback to this support zone to buy in, capitalizing on a possible rebound. Don’t forget to place a stop-loss below the support level, as in this game, a single slip could shift the entire market landscape.Longby Zola_HelloPublished 2
XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024 Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal. The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable tradingLongby Moon-ForexAcademyUpdated 336
Daily gold analysisApologies for not posting recently,I had some things going on. Rest assured, my analysis was on point as usual. I will try to make it up for you guys, trying to be more consistent. Here are the key zones for today : Key zone for higher levels : 2786 - 2790 2802 - 2807 2813 - 2817 Key zones for lower levels : 2764 - 2768 2753 - 2750 2742 - 2746 Neutral zone : 2773 - 2779 by Golden_TargetPublished 1
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_InvestmentsPublished 5
XAUUSD Gold at a Key Extended Level: My Entry Criteria for a Lon👀👉 XAUUSD Gold has reached all-time highs and is currently exhibiting a double top formation. We’re considering a long position on the 4H timeframe if a significant pullback occurs towards equilibrium. *Disclaimer: This is not financial advice. 📊✅10:39by tradingwithanthonyPublished 5
XAUUSD BUY DOUBLE BOTTOM ANALYSISHere on Xauusd price form double bottom and was able to rise a bit so there is a chance of going more even up as the price has broken line 2738.090 so trader should look for LONG and expect a profit target of around resistance . Use money managementLongby FrankFx14Updated 4
XAUUSD H4 Entry SetupsThese Entries Based on Technical Analysis. Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folksShortby FalakSHAHPublished 2
Gold within stagnation zone due ElectionsTechnical analysis: Trading continues on very Low rate and Volatility on most levels is easing. Since #2,752.80 benchmark I mentioned many times on my remarks got invalidated and Gold is unable to stage recovery attempt above it, Bearish pattern on Hourly 4 chart reversed the Price-action towards #2,722.80 Support extension (Monthly Low's) and besides Sellung pressure evident throughout yesterday's and today's session, that was maximum for Buyers (at least for for current fractal). Daily chart is even more Bearish than its Moving Averages suggest (and break of former Ascending Chanel and trendline) so another candle is required to cross in Bearish values and reveal true Nature of the future trend which will restore the Selling bias according to my estimations. I am still looking for a complete frame fill at #2,700.80 benchmark first then #2,652.80 benchmark in extension if post-Election candles arrive and global economy feels significant relief which will add confidence into all asset classes and safe-havens such as Gold may lose (Investors losing interest). My position: As it was the case many times before, pre-Election candles carry thin Volume usually so I will monitor the Price-action from sidelines.Shortby goldenBear88Published 1
Key points:Polls show tight race, keeping markets on edgeStock markets moved sideways and an uneasy calm settled over currencies and bonds as investors waited for the United States to choose a new leader with polls showing the contest on a knife edge. I think XAUUSD will rebound moderately.Longby Super_B_XinRPublished 2
GOLD BREAKS ON SUPPORT, $2710 NEXT?We've identified a breakout below the support level on the hourly timeframe. Currently, we are observing a pullback, and we anticipate a continuation of the downtrend toward the support region around $2710. Additionally, the bearish gap opening on the DXY suggests that any effort to fill this gap will likely strengthen the USD, driving XXXUSD pairs further downward.Shortby traderchamp_Published 3
Declines Ahead of U.S. Presidential ElectionOn the global market, spot gold prices edged down by 1.8 USD, settling at 2,736.9 USD/ounce, while gold futures also recorded a decline, reaching 2,745.9 USD/ounce. Investors are currently focused on upcoming key events, such as the U.S. presidential election and the Federal Reserve's interest rate decision. From a technical analysis perspective, the resistance level at 2,747 USD is posing a challenge for gold in the short term, preventing prices from maintaining an upward momentum and exerting pressure for a potential downward correction. Although support at 2,734 USD is helping to prevent a deeper decline, the recovery of gold's upward trend remains difficult. Overall, the gold market is currently driven by short-term technical factors, while macroeconomic events such as the Fed's decision and the U.S. presidential election will play a crucial role in determining the long-term trend of gold prices. Investors will need to closely monitor support and resistance levels, while also keeping an eye on macroeconomic factors to make informed investment decisions.by Alisa_RokoszPublished 2