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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 Near Key Breakout Level at 2,758Gold is in an exciting phase, maintaining its upward trend above crucial EMA levels, signaling that the long-term momentum remains strong. The resistance level at 2,758.717 is acting as a challenging ‘wall’—can gold break through to initiate a powerful rally? If successful, this could be a golden opportunity for investors to catch the next wave of growth. However, if gold fails to breach this ‘wall’ and reverses, the support level at 2,716.756 and the trendline will serve as a solid ‘fortress,’ where prices may rebound. Don’t miss out—sometimes, a little alertness is all it takes to capture the trend and turn volatility into profit! News update: On October 25, gold saw some profit-taking as both the U.S. presidential election and Middle East tensions provided support for its price.
OANDA:XAUUSDShort
by Zola_Hello
XAU/USD Market Dynamics Unveiled Analysis for October 29-31Wyckoff Structure and Market Analysis The chart illustrates the Wyckoff Distribution with phases A, B, C, and D, each representing distinct price movements and volume dynamics according to the Wyckoff methodology. Phase A highlights the initial Preliminary Supply (PSY) and the Automatic Rally (AR) levels, indicating the onset of selling pressure and potential exhaustion of upward momentum. In Phase B, characterized as the consolidation phase, the Buying Climax (BC) and Secondary Test (ST) establish the trading range boundaries, with the Upthrust (UT) acting as a false breakout. Phase C typically marks the Spring or Upthrust After Distribution (UTAD), representing the last effort to achieve higher prices before a reversal occurs. Finally, Phase D initiates the markdown, signaling the beginning of a downtrend. Key price levels in this analysis include a major Resistance Line at approximately 2,758.525, which the price has struggled to surpass, and a Support Line around 2,716.905, historically an area of demand. Current range markers indicate a Strong Invalidation Point near 2,765, suggesting that a break above this level would negate the bearish outlook, and a Weak Low of a Range (PWL) at 2,740.640, marking the lower limit of potential re-accumulation or distribution. In terms of wave analysis, the chart depicts a 5-wave structure in line with Elliott Wave Theory, indicating an impulsive move. Each wave is sequentially marked, displaying initial bullish momentum, with Wave 5 culminating at the peak of the distribution phase. Following the impulsive 5-wave move, a corrective a-b-c pattern suggests a potential downward correction. Smaller sub-waves within each major wave indicate minor price fluctuations, with the note “NO TRADES ABOVE” around 2,758 marking a crucial resistance level confirming a bearish bias. Key signals, such as the Change of Character (CHoCH) marked during the transition from Phase A to Phase B, indicate initial weakness in the upward trend. The Market Structure Break (MSB) visible in Phase C signifies the conclusion of the upward structure and the potential onset of a downtrend. The analysis also highlights supply and demand zones. The Supply Zone at 2,758.525 represents where selling pressure overtook buying interest, while the Demand Zone (AR Distribution) at 2,716.905 historically provided demand that could either support prices or be breached in a downtrend. In terms of trade setup and triggers, there is a sell setup noted with “OPEN SELL ABOVE BUY BELOW” around 2,740, suggesting a sell signal if the price breaks below this level. A critical Weekly Close (W Close) is marked in red near 2,716, as a close below this level would confirm further downside. Projected price movement is indicated by red lines and anticipated downward movement, with labels like i, ii, iii, iv, v denoting expected minor waves within the projected downtrend. Minor resistance during the downtrend is identified around 2,740, with support areas during the decline at 2,716 and potentially lower levels if further distribution occurs. The analysis includes significant high and low points in the distribution process. The Preliminary Supply (PSY) marks the initial high before Phase A distribution, while Buying Climax (BC) and Upthrust (UT) indicate peak points in Phase B. Additionally, levels that acted as support, such as 2,716, may become resistance if the price breaks below them. Regarding timeframe and events, various date markers, including October 29, 30, and beyond, provide an estimated timeline for each phase and price movement, alongside indicators for major economic events such as FOMC and NFP that could affect price dynamics. In summary, this chart outlines a complex interaction between Wyckoff Phases and Elliott Wave Theory, indicating a Wyckoff Distribution pattern that suggests a bearish outlook. The completed Elliott Wave impulse indicates a corrective wave is currently in progress, with key Resistance around 2,758 and Support around 2,716 acting as critical decision points. A Sell Trigger at 2,740 is noted, with confirmation of a bearish outlook contingent upon a weekly close below 2,716. Additionally, potential harmonic patterns have been identified, including a Bearish Butterfly Pattern and a Bearish Gartley Pattern, aligning with the anticipated bearish reversal. The Bearish Butterfly Pattern consists of an XA Leg from 2,685 to 2,758, an AB Leg retracement to around 2,734, a BC Leg upward extension potentially reaching the 1.272 to 1.618 Fibonacci extension of XA, and a CD Leg aligning with a reversal zone below 2,716. The Bearish Gartley Pattern suggests a retracement from the Tuesday high of the week, where the final price point aligns with support between 2,685 to 2,700. A key harmonic confluence occurs around the 2,758 reversal zone, where both harmonic patterns converge as a high-probability area for bearish entries, targeting down to 2,685. Following the ICT Weekly Template, the high of the week is anticipated to form on Tuesday or Wednesday in a bearish outlook, establishing a peak before a decline. The projected Tuesday high around 2,758 serves as an optimal area for confirming the week’s high and a trigger for bearish trades. A stop-loss could be placed just above this high or slightly above the strong invalidation point at 2,765 to manage risk. The ideal scenario involves a push to this Tuesday high, confirming it as the week’s peak and triggering bearish positions. Once Tuesday's high is established, a downward movement is expected on Wednesday and Thursday, aligning with the forecasted wave structure and distribution pattern. This price action should lead towards lower support zones around 2,716 and ultimately 2,685 if the downtrend continues. In conclusion, the strategy revolves around using the Tuesday high as a sell signal, in alignment with the ICT weekly template and leveraging the Wyckoff Phase B Upthrust (UT) around 2,758 as a potential high for the week. The harmonic confluence of patterns such as the Bearish Butterfly or Gartley aligns with this level as a final reversal point. Trade management includes short positions at the Tuesday high (around 2,758–2,765) if bearish confirmation is observed, with a stop-loss above 2,765 and profit targets set at 2,716, 2,685, and potentially lower based on harmonic and Wyckoff markdown targets.
OANDA:XAUUSDShort
by spacedevil
XAU/USD | Gold has been a good journey, next month however...I will try to keep this one short.. Hi everyone, it has been some time (7 months) since I posted my first idea stating Gold's potential. Gold reached the target 2700$ last week. However, during this week or next week possibly, I am expecting a solid change in direction that will start a short-term consolidation phase. Don't get me wrong, Gold is extremely bullish on the long-term, forming this cup & handle like formation. But throughout the next month, I believe gold will fall around ~2600$, in the worst case around ~2500$. My reasoning is as follows, Looking at the Monthly Chart, Gold's bullish rally carried Gold above the approximately 10-year trend, this is expected to some extent, because Gold has a lot more buying power than it had years before and there is literally a war going on, this too puts pressure on bull side. However, one thing especially caught my attention, RSI is again over 80, which indicates Gold is overbought. In most of the cases where a stock is overbought a consolidation phase is inevitable. Looking at Gold's history, when RSI pushed these levels, in every single case, price dropped. I've added a view that shows the whole history of Gold. And I think this view also suggest sell pressure around the current price. Note that blue marked zone is an approximation because not any information from the past is present. To be able to keep track, I've added this view of the last 4 years. This view also indicates a lot of sell pressure for the short-term. I will update this view from time to time as Gold plays out. Overall, lots of indications, RSI being the most solid one, show that Gold is looking for a consolidation before moving forward with the bull rally. My only concern right now is, Is gold going to push more before consolidation starts? To be honest, It is not easy to comment on that. Least we can do is wait until a solid reversal on a hourly chart. I wouldn’t suggest shorting in situations like this without waiting for confirmation... Please do your own analysis before taking risks, Stay safe...
OANDA:XAUUSDShort
by Kivvwi
GOLD/ Price Tests ATH Zone: Key Breakout or Bearish Reversal?GOLD The price is trading in a sensitive zone near its all-time high (ATH). A 4-hour candle close above the ATH at 2,758 would confirm a bullish trend, with potential targets at 2,775 and 2,785. Alternatively, the price should stabilize below 2,757 to maintain a bearish outlook, aiming for levels at 2,738 and 2,712. Key Levels: Pivot Point: 2758 Resistance Levels: 2775, 2785, 2797 Support Levels: 2738, 2712, 2695 Trend Outlook: Under 2758: Downtrend Above 2758: Uptrend
OANDA:XAUUSD
by SroshMayi
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart XAUUSD touched the resistance level of 2,757.00 General outlook XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00. Possible scenario The best way to use this opportunity is to place a sell order at 2,755.30. Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
TVC:GOLDShort
by CHRLEEEXPERT
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 TP3: $2740 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
4
XAUUSD : The uptrend continues !Let's dive into today’s gold price trends! As of early Tuesday trading, gold is in recovery mode, continuing its upward momentum. The precious metal is hovering around the $2,754 mark, showing resilience even as the USD attempts to regain its upward trend. This week, all eyes are on a series of key U.S. economic reports that could provide further insights into the Federal Reserve's policy direction. The reports include private-sector employment data, core personal consumption expenditures (PCE), and the non-farm payroll numbers. Market expectations suggest there's about a 95% chance the Fed will reduce rates by 25 basis points in November, which would be a supportive factor for gold’s strength. In the short term, gold is nearing resistance at $2,757. Should it break through, we could see more gains, supported by the 34 and 89 EMA levels and current support lines. If resistance holds, however, gold may need to consolidate around nearby support levels to build further momentum. Happy trading, everyone!
OANDA:XAUUSDLong
by Pierce_Bowers
GOLD My Opinion! SELL! My dear subscribers, My technical analysis for GOLD is below: The price is coiling around a solid key level - 2745.4 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2736.2 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
Gold prices are on an upward trend this week!Dear traders, Conan here! Today, gold is in a strong uptrend after all the attempts of the bears failed to reclaim the $2600 level, the price has started to increase and is currently at $2650. The increase is mainly due to the 80% chance that the Fed will tend to cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will remain unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thus supporting the price of gold. With positive signs from the fundamental news and in addition, gold is still reacting around the 34 EMA and the technical uptrend has not been broken when looking closely as on the 1-hour chart, we can fully expect the uptrend to remain completely dominant. Due to these factors, in Conan's personal opinion, gold prices are expected to remain attractive in the near term, with the possibility of rising to $2750. What do you think about this view?
OANDA:XAUUSDLong
by ConanTradingFX
Understanding Bullish Engulfing Candlestick PatternThe Bullish Engulfing Candlestick Pattern is a popular price action signal used by traders to identify potential trend reversals in the market. If you're keen on mastering price action trading, understanding this pattern is essential. This guide will take you from the basics of the pattern to advanced insights, with easy-to-understand explanations to help you become more confident in your trading decisions. What is a Bullish Engulfing Candlestick? A bullish engulfing candlestick is a two-candle pattern that signals a potential reversal in a bearish trend. The pattern consists of a smaller bearish (red) candle followed by a larger bullish (green) candle that completely engulfs the previous one. This indicates that the buying pressure has overwhelmed the sellers, suggesting a shift from a downtrend to an uptrend. Key Features of the Bullish Engulfing Pattern Here’s a breakdown of the key characteristics: Number of Candles: The pattern consists of two candles. First Candle: A bearish candle, typically red, showing a decline in price. Second Candle: A bullish candle, typically green, that completely engulfs the previous bearish candle, including its wicks. Prior Trend: A bearish trend must precede the pattern to validate it as a potential reversal signal. Prediction: A potential shift from bearish to bullish trend. The Anatomy of a Bullish Engulfing Pattern To fully grasp this pattern, let's break down the structure: The first candle in the pattern is a small bearish candle, indicating the continuation of a downtrend. The second candle is a large bullish candle that opens lower than the previous close and closes higher than the previous high, completely engulfing it. This suggests a strong buying momentum. Why Do Bullish Engulfing Patterns Work? A bullish engulfing pattern is significant because it reflects a shift in market sentiment. Here’s why: Seller Exhaustion: The first candle shows a bearish trend, indicating seller dominance. When the second candle engulfs it, it suggests that sellers are losing control. Buyer Strength: The second candle’s larger body signals strong buying interest, indicating a shift in market control from sellers to buyers. Market Psychology: A bullish engulfing pattern indicates that traders are willing to buy at higher prices, leading to increased bullish momentum. Why a Pin Bar Can Be an Engulfing Pattern A common observation among experienced traders is that a pin bar on a higher timeframe can appear as a bullish engulfing pattern on a lower timeframe. This happens because: A pin bar shows a strong rejection of lower prices, which on a lower timeframe looks like a large bullish candle engulfing smaller bearish candles. This highlights the importance of multi-timeframe analysis. Understanding how patterns form on different timeframes gives a more holistic view of market dynamics.
CAPITALCOM:GOLDEducation
by ForexBee
I went short Gold at 2735.83. It just happended....! I really was not on the front foot to Short gold or silver so early in the week, it just happened because a report came in on tradingview news that the middle east situation is contained more so than open war-fare and the Gold chart was begging to be shorted because there was no buying and the gold-ghost was taking a break resting under a moving average. Sorry buddy, your shorted! Will see how it goes. Not sure what economic news is on today in the USA but I will soon find out. Other Long trades I am on include GBPUSD, GBPCAD is looking to really break out in the Monday sessions and I am also Short on AUDUSD which I think is starting to become in-the-money. Have a good trading day and remember 'greed normally means losing money not making it'. Chris
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading