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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

GOLD_117 2024.11.04 11:19:04 Trading Signal BUYFrankPro Signal for GOLD_117 Type: Screen Signal: BUY TP: 2760.15 SL: 2734.47 Entry Price: 2737.68 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term predictions for the XAU/USD price. **Short-term (next few days):** The price is expected to be volatile due to the upcoming US presidential election and the Fed's rate decision. The technical analysis suggests that the price is currently finding support near the $2,730 demand area, and the 14-day RSI indicates revived buying interest. However, bearish signals, such as the Head and Shoulders pattern on the 4-hour chart and a fake breakout on the daily chart, suggest potential selling opportunities. Given these mixed signals, I predict that the price will likely **stay the same** or experience a **slight decline** in the short-term, potentially testing the support level near $2,711. However, a breakout above $2,800 could signal continued growth. **Long-term (next few weeks/months):** The analysis suggests that gold prices continue to move within an ascending channel, indicating a bullish trend. Moving averages indicate pressure from buyers, and a rebound from the support line on the RSI could signal further price growth. The growth scenario suggests a potential target above the $3,175 level. Given this bullish outlook, I predict that the price will likely **go up** in the long-term, potentially reaching the $3,175 level or higher. However, a breakout below $2,475 would indicate a continuation of the fall. Please note that these predictions 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 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)** * The price is expected to stay the same or experience a slight decline. The market is cautious ahead of the US presidential election and the Federal Reserve's policy announcements, which may lead to a temporary consolidation or a small pullback. * The support level near $2,730 is crucial, and if it holds, the price may rebound. However, if it breaks, the price could test the $2,718 or $2,700 levels. * The 14-day RSI indicates revived buying interest, but it's not strong enough to suggest a significant short-term uptrend. **Long-term (weeks to months)** * The price is expected to go up. The forecast suggests that gold may test the support level near $2,690 before rebounding and continuing its growth, with a target above $3,175. * A breakout above the $2,905 resistance area would confirm the growth scenario, and a successful breakout above $2,800 could lead to a test of the all-time high at $2,790. * The overall outlook is bullish, with the market expecting a continuation of the uptrend once the uncertainty surrounding the US election and Fed's policy announcements is resolved. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days)** Based on the technical analysis and market context, I expect the gold price to remain volatile in the short-term, with a slight bias towards a pullback or correction. The 14-day RSI is near 60, indicating some buying interest, but the price is still below the $2,746 resistance level, which is the 23.6% Fibonacci Retracement level of the recent rally. The key support levels at $2,730 and $2,718 are crucial, and a failure to hold above these levels could lead to a drop to around $2,711. Additionally, the market is cautious ahead of the US presidential election and the Fed's policy announcements, which could lead to price movements of at least $100 in either direction. **Prediction:** Short-term price movement: **DOWN** (with a target of around $2,711) **Long-term Analysis (Next few weeks/months)** In the long-term, the gold price is expected to continue its growth trend, with a potential target above the $3,175 level. The ascending channel and the 21-day SMA at $2,700 provide a strong support base for the price. However, the long-term outlook is highly dependent on the outcomes of the US presidential election and the Fed's policy decisions. A dovish Fed and a risk-off sentiment could lead to a surge in gold prices, while a hawkish Fed and a risk-on sentiment could lead to a correction. **Prediction:** Long-term price movement: **UP** (with a target above $3,175) Please note that these predictions are based on the available data and are subject to change as new information becomes available. Result: ST=Down LT=Up
CAPITALCOM:GOLDLong
by orbborisson
The USD strengthens, and gold continues to declineThis decline is occurring due to profit-taking pressure from investors, many of whom are seizing the opportunity to sell as prices peak. Experts believe that the movements in gold prices are being influenced by the upcoming U.S. elections and the Federal Reserve's interest rate decisions. This week, market sentiment will be shaped by these events, along with data on service sector activity, weekly unemployment claims, and consumer sentiment reports. Additionally, gold prices are also affected by the USD reaching a three-month high, fueled by strong signals from the U.S. economy and the potential re-election of Trump. Today, gold is fluctuating around 2,741 USD/ounce. Currently, the EMA 34.89 has reversed, indicating that gold is in a downward trend. The resistance level at 2,756 will pose a significant challenge for gold at this time. Forecasts suggest that gold prices could drop to the support level of 2,731, with the possibility of breaking through this level and falling further. Will gold reverse and increase again this week?
OANDA:XAUUSD
by Alisa_Rokosz
Gold rebound correction awaits non-farm! Evening gold analysis aFrom the technical point of view, gold bulls retreated under pressure yesterday, resulting in a large decline, the lowest hit around 2731 and then stopped, down about $58, also broke through the early support points, the daily line lost at the short-term average, and closed at the big negative line form, and a small counter-draw after the morning opening. What needs to be tested is the position of 2758 line of the top and bottom conversion in the early stage, which is also related to the long and short watershed in the later stage, and this position will also be an important point of contention for the European plate in the day, once under pressure, it will likely continue in the later stage, and the current reverse draw has also reached the vicinity of 382 this retrusion, this position is also the key point of contention for the long and short, and the evening is non-agricultural. The previous value is 25.4, expected 11.3, then this announcement value is likely to be greater than expected, then gold will likely dive directly, and the key support below is maintained at the early rise point and yesterday's low 2730 line, once continue to break this position, then the later short will likely continue to open. Within days, we still directly placed empty orders around 2757-60; At present, the price fell below the upper and lower line, but did not close below, the focus is whether today can continue, today is the first day of the monthly line change, the gap is large, the probability of compensation this month is very large, and the four-hour lower track support rebound, the overall bottom, the hourly chart big Yin down even broke the lower line and acceleration line, currently in the weak correction, The key is to recover the lower line and the acceleration line, and the recovery will return to the sub-high of the second drop last night, so today pay attention to two points, one is 2758, the other is 67, the lower is still 30 support, followed by 2718-08 here; Gold 1-hour moving average has begun to turn downward, if gold 1-hour moving average formed a dead cross down, then gold downward space continues to open, gold rebound pressure 2758 pressure, European plate 2758 continue to meet the high altitude, the current price around 2755 first empty. In general, today's gold short-term operation ideas suggested rebound short, supplemented by a pullback to do more, the above short-term focus on 2758-2760 first-line resistance, below the short-term focus on 2738-2740 first-line support
OANDA:XAUUSD
by n7sqn7sq
XAU/USD 31 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. In yesterday’s intraday analysis, I mentioned that technically, price was expected to react at the internal 50% EQ discount to target the weak internal high. However, there was also potential for a bearish iBOS, which is exactly what unfolded. Price has made multiple attempts to breach the strong internal high at 2,789.855 but has yet to succeed, leaving it intact. Intraday Expectation: Price has reacted from the H4 supply zone. Technically, price is now expected to target the weak internal low at 2,770.925. Note: Price remains highly volatile due to ongoing geopolitical tensions and the Fed’s dovish stance. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold : Leveraging Double Top Pattern and Support AnalysisToday, I shared a short strategy, selling in the 2787-2791 range, with a target set at 2783-2779 and a stop loss at 2792. This is a smaller range signal. The reason for the sell signal is the double top pattern observed on the 30-minute chart, along with the break of MA5 and MA10. I see this as a solid selling opportunity, with the main target being MA60. During the New York session yesterday, gold found support at MA60 twice, with long lower wicks, indicating strong support. Typically, longer upper wicks suggest stronger resistance, while longer lower wicks indicate stronger support. I hope this trading tip helps everyone—don’t forget to accumulate your knowledge!
FOREXCOM:XAUUSDShort
by Wealth_Waves
Know your targets on all timeframes - Gold Whether you are a long term investor or a day trader, it is important to know your targets i.e. your optimal exit levels. Looking at the monthly analysis the monthly target has been met. Zooming in you can see that we slightly overextended the target. That is because on the smaller timeframes (such as the 4hr timeframe) there were internal targets to be met. As of today, all timeframe almost all targets have been met, aside the target from the last 15 min cross of the macd. This doesn't mean that gold will fall like crazy immediately! We might in fact get some retest of the top after a 30 or 1hr correction first. As soon as we get some re test of the top failure, some double top, or an impulse to the downside followed by a correction, we'll be looking into shorting gold for the c wave down to the $2000 area.
FX_IDC:XAUUSD
by TradingClear
XAUUSD: Ready for a Correction After NFP?Analyzing XAU/USD's movement, the price recently hit a fresh all-time high around $2,790 but then experienced a slight pullback to $2,780. Despite this minor drop, the underlying trend remains strongly bullish, driven by the weakness of the US dollar due to mixed macroeconomic data limiting its demand. From a technical perspective, the daily chart shows a clear bullish setup, suggesting the potential for further highs until a significant correction occurs. After a brief corrective dip, technical indicators have resumed their ascent into overbought territory, signaling that buyers are ready to capitalize on minor price dips. The price could break the psychological threshold of $2,800 before the US presidential elections, with the potential to discover new highs beyond the recent record of $2,789.72. In October, the private sector added 233K new jobs, surpassing expectations and temporarily strengthening the dollar. However, Q3 GDP growth at 2.8% fell short of forecasts, adding downward pressure on the dollar. The quarterly Core PCE Price Index was 2.2%, down from the previous quarter’s 2.8% but above the 2.1% expectation. Despite this decline, inflation remains within the Fed’s tolerance range, reducing the likelihood of an impact on the central bank’s policy decisions.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
XAUUSD - Up 75% - $2,800Based on the analysis, here’s a probability breakdown for the upward continuation of Gold (XAU/USD) toward the $2,800 - $2,820 target leading up to the U.S. election on November 5: Probability of Reaching $2,800 - $2,820 by End of This Week or Early Next Week: 75 out of 100 This is due to strong recent momentum, supportive fundamentals, and robust buying pressure shown on the volume indicators. Probability of Gold Continuing a Bullish Trend Until the U.S. Election: 85 out of 100 With the election approaching, geopolitical uncertainty and demand for safe-haven assets favor Gold’s upward trend, supported by strong technical foundations and continued buy-side volume. These probabilities reflect current technical and fundamental signals, as well as historical tendencies for Gold in pre-election periods.
OANDA:XAUUSDLong
by NZ_Shareman
Gold prices are on the rise today!Dear friends. Let's update and strategize with Ben today! As predicted earlier, the gold price has made an impressive bounce to fill the gap, completely escape the sideways trend and end the parallel wedge pattern. At the time of writing, the gold price is trading below the 2758 barrier. The uptrend is very strong as it consolidates at a high level with stable trading activity on the 2-hour time frame. On the other hand, the gold price may continue to increase due to the forecast that the US Federal Reserve (Fed) will cut interest rates 1-2 more times between now and the end of the year, along with the Central Bank increasing its gold reserve purchases. Due to these factors, it is contributing to making the market hotter than ever. Ben's prediction is that by the end of this week, the gold price will increase by at least about 40 USD, which is the 2780 mark, and even more. Wishing you all a successful trading and earning lots of silver. Best regards!
OANDA:XAUUSDLong
by Bentradegold
GOLD XAUUSD PREDICTION🇺🇸 How the 2024 U.S. Presidential Election Could Impact Your Investments With the upcoming U.S. presidential election, markets are on edge. Both Donald Trump and Kamala Harris offer contrasting approaches, which could lead to different outcomes for stocks and gold. Here’s a breakdown of potential impacts under each candidate: 📈 If Trump Wins: • Stock Market: Known for pro-business policies, Trump may boost investor confidence through tax cuts and deregulation, potentially leading to a stock market rally. However, his tough stance on international trade, especially with China, could create market volatility. • Gold: Gold typically benefits from uncertainty. If Trump’s approach increases geopolitical tension or economic uncertainty, gold prices could rise. Conversely, a stronger dollar under his policies might limit gold’s growth. 📉 If Harris Wins: • Stock Market: Harris will likely continue Biden’s policies, focusing on infrastructure and clean energy. These policies could favor sectors like renewable energy. However, possible tax hikes on corporations may cool off overall market enthusiasm. • Gold: With more regulatory oversight expected, investor caution may drive gold demand as a safe-haven asset, especially if concerns about government spending or inflation arise. 🔍 Key Takeaways: • Market Volatility: Elections bring uncertainty, so markets may experience short-term swings as investors react to possible policy shifts. • Long-Term Impact: While election outcomes have immediate effects, the long-term impact depends on actual policy implementations and global economic factors. Stay tuned and diversified! Elections are just one of many forces shaping financial markets, so having a balanced approach is key.
FX_IDC:XAUUSD
by wallstreetwolfx
GOLD OUTLOOK Gold a safe heaven as we have taken bunch of profits today as it was our lucky day now as we see all day activity gold price remained very choppy price didn't broke above 2748 price level of resistance also didn't broke below 2731 price level of support as price has formed immediate resistance level of 2746-48 Now we again predict a fall in price as from H4 to H1 we can observe price is in a bearish momentum although price is showing some bearish signs over Daily Time frame but still price is in a bullish trend daily as we haven't observed any CHOCH on daily TF GEOPOLITICS As Geopolitics is concerned tight situation between iran and israel has loosen up to some extent of some tension increases we can see a bull run over price US ELECTIONs As far as today's big news is concerned gold is under effect of US Congress elections and what we have observed today is election effect tomorrow at 6th we can see any predictable price movment till now we are bearish over gold as price is all sideways
OANDA:XAUUSDShort
by Wakeel_Saab
GOLD NEXT MOVE (expecting a bearish move) (03-10-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (03-10-2024) Current price- 2649 "if Price stays below 2665, then next target is 2639 and 2625 and above that 2675". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSD
by AnupZiddi
12