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

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XAUUSDK trade ideas

XAU ! 10/24 ! Adjustment and price decreaseXAU / USD trend forecast October 24, 2024 Gold price (XAU/USD) rises to the $2,736-$2,737 range during the European session, recovering some losses from the previous day’s pullback from a record high. Ongoing Middle East conflicts and uncertainty around the upcoming US Presidential election on November 5 boost demand for the safe-haven asset. Additionally, a slight dip in the US Dollar from its near three-month high and falling US Treasury yields further support gold's upward movement. Gold price continues to be in the long-term uptrend - however, there needs to be adjustments for the market to stabilize and rebalance. Expected price range 2700 - 2680 in the short term /// SELL XAU : zone 2740-2743 SL: 2748 TP: 50 - 200 - 300 pips (2713) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
6
Gold's next probable direction & a safe zone for a Buy entry I am also starting to see some downturn in Gold and Silver prices, mostly from momentum indicators which simply can't sustain the bullish momentum session after session. But I don't think its a big correction, only 4% down from the current Gold price, this is a Fib level of support for price but this Fib level also coincides (ties-in) with recent market structure support. Down below I will give some details of a Gold short I took today in Asia Friday and about 1 hour ago. Interestingly, the Gold price started to slightly sell off Lol, as if I am the only Gold-trader today in the Asia region.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
Gold Rebounds as Bulls Seek New Highs Amid Market ShiftsAt the start of the week, gold has quickly regained its upward momentum, aiming for new highs. Currently, the precious metal is trading around $2,731, with the bulls firmly in control of the market. On Friday, gold saw an influx of buying interest, which slightly eroded the previous day’s gains as the USD weakened. This shift was supported by expectations of a less aggressive easing policy from the Federal Reserve. Additionally, a generally positive tone in the stock market has somewhat dampened demand for this safe-haven asset. However, ongoing political uncertainty in the U.S. ahead of the November 5 presidential election, persistent geopolitical risks from ongoing conflicts in the Middle East, and further declines in U.S. Treasury yields are providing solid support for gold prices.
OANDA:XAUUSDLong
by Pierce_Bowers
Gold topped $2500 per ounce psychological high. Here's whyThe price of spot gold climbed $2500 per ounce to a new record high, by mid-August, 2024. The Yellow metal has rallied 21.5% this year, and this is the best result in this time against Top 4 american indices - Dow Jones Industrial Avg (DJIA), SP500 (SPX), Small cap Russell2000 (RUT) and full of tech stocks Nasdaq-100 indices (NDX). Gold jumped as much as 1.8% on Friday, as investors inflation expectations are still extremely high, and still there're no convincing sign that major Russia - Ukraine conflict as well as Israel - Arab conflict are near to be settled. Even recent weakness in US labor market and new-home starts fall to the lowest level since 2020 give no power to Federal Reserve (US Central Bank) to cut an interest rate even to 1/4 per cent. Last 2 years, a lot of banksters forecasted that Fed will cut interest rate. In fact - it still didn't. Just blah-blah-blah and super-duper AI hype, which based on nothing. In technical terms, spot Gold breaks its $2500 psychological high, ready to go further, up to 3k.
OANDA:XAUUSD
by Pandorra
GOLD IS GOING TO MAKE NEW HIGH PEAK??Gold prices may increase next week due to concerns about Israel's attack on Iran, but if Iran does not respond gold prices may decrease slightly. In addition, important economic data will be released, especially the non-farm payrolls (NFP) report. Information about the US Personal Consumption Expenditure Index (PCE) also attracts attention, because high inflation and a weak labor market may cause the FED to only cut interest rates by 25 basis points this month. next. This can create profit-taking pressure, negatively affecting gold prices. Technically, from a short-term perspective on the H1 chart, the gold price still shows an uptrend when the price is above the EMA89 moving average. Next week, if the gold price trades above the 2720 threshold, we can expect the price to continue to conquer the round resistance level of 2800. In case the support level of 2710 is broken, the immediate gold price will decrease and adjust to around the 2680 mark- SETUP TO TRADE ✨ SELL GOLD PRICE 2801-2799 Stoploss 2805 BUY GOLD PRICE 2679-2681 Stoploss 2675 Hope this will helpfull for u have a Good weekend"💞
OANDA:XAUUSD
by Brain_Trades
Gold next move (weekly forecast)(07 October- 11 Oct-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the week (07 October- 11 Oct-2024) Current price- 2653 1st Scenario, (bullish move) "if Price stays above 2640, then next target is 2663, 2673 and 2688 and below that 2632" if price fulfills the 1st Scenario, 2nd Scenario, (bearish move) "if Price stays below 2690, then next target is 2660, 2645 and 2620 and above that 2700" -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
32
Idea GoldToday is Sunday, 10/27/2024, and the global price of gold is $2,047 and the market is closed. In my opinion, there are several scenarios that I will explain below: 1- The price falls: 1-1- In case of a fall, the price is supported at 2720 and will not go down further. (Buy at 2720 and stop loss at 2715) 2-1- In case of a fall, the possible prices are supported at 2716 and 2713 and will not go down further after passing 2720. (Buy at 2716 and 2713, stop loss at 2690) 1-3- In case of a further fall, the price will not go down further until 2708. (Buy at 2708, stop loss at 2690) 1-4- The last stage of the price decline is 2704 and 2698. (Buy at 2704 and 2698, stop loss at 2690) 1-5- In case of a fall beyond 2695, we are no longer buyers and we wait for money back to 2700 and 2708 to sell at a stop loss of 2758) 2- The price rises: 2-1- In case of a rise in price and progress from 2760 to a stop loss of 2735 We enter buy trades. (When buying, watch out for the numbers 2765 and 2790, and after the price crosses 2760, move the stop loss to 2740.
TVC:GOLD
by mahmoudshoari
3
GOLD WILL CONTINUE UPTREND hello guys again new week is coming . in my last forecast as i expected the price rejected from the resistance level and reached to my first target . lets start new analysis as you can see price reach to 2750 resistance it was a false break out market made a triangle range area after gold rejected from the resistance returned to the range area . at the end of the week gold broke range area and i think gold want retest the resistance Predicting the gold price trend for this week depends on several factors, including technical and fundamental analysis. Here are a few key points that are relevant for a short-term analysis: 1. Technical Analysis: If the previous uptrend continues and the price holds above key support levels (like the 50 or 200-period moving averages), there’s a higher probability of an upward trend. However, if candles break below these levels, a downward trend may be more likely. 2. Fundamental Analysis: Pay attention to important economic reports this week, like interest rate announcements from central banks (especially the U.S. Federal Reserve), inflation rates, and other economic indicators. If these reports show slower economic growth or high inflation, gold may become more attractive as a safe-haven asset and could likely move upwards. Conversely, positive economic news could put pressure on gold prices. 3. U.S. Dollar Index (DXY): Gold and the U.S. dollar typically have an inverse relationship. If the U.S. dollar weakens this week, it could support gold prices, and vice versa. 4. Geopolitical Factors: International tensions and political instability can also favor gold, potentially driving prices up.
OANDA:XAUUSDLong
by Lady_scalper
october 29 review in Gold(XAUUSD)Forecasting 3% to 4% Profit-Taking Opportunities in Gold Gold prices reached an all-time high today, driven by increased demand for safe-haven assets amid the approaching, last week’s highly competitive U.S. presidential election. Gold has been steadily reaching new record highs, while other precious metals have also seen gains. However, silver prices have faced resistance near their 52-week peak. In 2024, gold and silver prices have increased by approximately 35% and 60%, respectively. In morning today’s US sessions, December gold futures hit a record high of $2,783.95 per ounce, while spot gold prices climbed to $2,771.73 per ounce. An economic downturn would alter the dynamics affecting the prices of precious metals both silver and gold. Gold was supported by safe-haven demand as the conflict in the Middle East continued. Traders were anticipating Israel's response to Iran following an attack in early October. Additionally, a 25-basis point reduction by the ECB suggested that major global central banks were positioned to implement further rate cuts, creating a lower interest rate environment that is expected to benefit gold and other non-yielding assets.   Overall, gold prices are considered overbought, yet a combination of factors is driving the current rally. Despite the strengthening U.S. dollar, gold prices continue to rise, highlighting the ongoing inverse correlation between the U.S. dollar and gold, which adds downward pressure on gold prices. A stronger U.S. dollar tends to make gold more expensive for investors holding other currencies, as gold is priced in dollars. When the dollar appreciates, it increases the cost of purchasing gold for foreign buyers, thereby reducing the metal's appeal as an investment. This inverse relationship between the dollar and gold often leads to decreased demand for the precious metal in times of dollar strength, as investors seek more affordable alternatives or move to other assets. Consequently, a rising dollar can weigh on gold prices, making it less attractive in global markets. Short-term traders in the gold market are engaging in profit-taking, capitalizing on recent price increases. These traders, who typically seek to benefit from short-term fluctuations, are selling off their positions to lock in gains. This activity can temporarily pressure gold prices, creating volatility in the market, as selling momentum increases. Profit-taking is a common strategy when traders believe the asset may have reached or is approaching a life time high peak, signalling a potential pullback before prices stabilize or resume an upward trend. Key Strategies Traders Should Consider Amid Gold Market Volatility Considering recent market conditions, spot gold (XAUUSD) reached a high of $2,771.73 at morning US sessions, presenting a potential strategic entry opportunity for traders. If profit-taking occurs and prices continue to fall, spot gold (XAUUSD) could test the 5-day moving average at $2,742.16. A break below this level may trigger a move towards the 20-day moving average at $2,685.32, with further declines potentially reaching the October 10 low of $2,604.15. On the other hand, if upward momentum persists, gold could attempt to set a new record high. However, based on my analysis, spot gold prices are expected to experience profit-taking, with a potential decline of around 3.00% to 4.00% from recent record highs in the coming days. MCX December Gold Futures price of ₹79,277 per 10 grams reached an all-time high today, acts as a key entry point. Potential downside targets include ₹78,111 per 10 grams, the yesterday’s low. A breach of this level could lead to a test of last Week's low at ₹77,613 per 10 grams, with further declines possibly reaching 15th October’s low of ₹75,766 per 10 grams. A drop below this level would indicate a significant downtrend, with the next support likely around ₹74,757 per 10 grams, this month's low (October 10 low). Holding Period – Maximum 2/3 weeks. In conclusion, the current dynamics of the gold market suggest that traders should remain vigilant as profit-taking appears imminent, with expectations of a potential decline of 3% to 4% from recent highs. Key technical levels, including the 5-day and 20-day moving averages, will serve as crucial indicators for market direction. Should gold prices breach significant support levels, such as those observed last Thursday and Wednesday, it may trigger further declines, warranting careful consideration of entry and exit strategies. Conversely, if upward momentum resumes, there could be opportunities for new record highs. As always, a thorough analysis of market conditions, combined with a disciplined trading approach, will be essential for navigating the evolving landscape of gold investments.
CAPITALCOM:GOLDShort
by HirenGarasondia
GOLD WILL MOVE UP GET READY FOR BUYHello Trader , What do you think about Gold ? . Here Gold has reached a psychological level of 2755.000 and is likely to move up more as it have tested the line many time and was unable to reach a psychological level below 2745.000 which more buyers are coming which push the price so trader should go for long near psychological level of 2755.000 and target profit above next psychological level. Remember to like and share your thought on comment!
OANDA:XAUUSDLong
by FrankFx14
XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024 🔥 World situation: Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740. Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group. 🔥 Identify: Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2759, $2782, $2805 Support : $2708, $2680 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper