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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 correction, continue to rise! Target 2,800!The dollar extended its recent four-week rally to its highest level since July 30 as expectations grew for a more cautious approach by the Federal Reserve to cut interest rates. According to the CME Group's FedWatch Tool, the market has almost fully priced in a quarter-point rate cut at the Fed's November policy meeting. At the same time, the latest polls show a tight race between Vice President Kamala Harris and Republican candidate Donald Trump amid growing concerns about deficit spending after the Nov. 5 presidential election. The price of gold at Monday's opening was between 2717 and 2745 Sell: 2755-2757 SL 2762 TP1: 2745 TP2: 2740 TP3: 2730 Buy: 2717-2715 SL 2710 TP1: 2725 TP2: 2733 TP3: 2740
OANDA:XAUUSDLong
by xrrsxrrs
3
GOLD NEXT MOVE (expecting a bearish move) (11-10-2024)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (11-10-2024) Current price- 2653 "if Price stays below 2670, then next target is 2643 and 2630 and above that 2690 ". -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
19
Outlook for Monday Nov. 4th - Tuesday Nov. 5th For the upcoming Monday, the outlook for gold trading suggests a potential continuation of the short term bearish trend, (post a potential push up prior) observed in Fridays sessions. Key factors to watch include any overnight developments in geopolitical tensions and economic data releases scheduled for the week, and the US election. Technical analysis indicates that support levels around 2733 is critical; if this hold, we might see a rally towards resistance at 2749 , and upwards. However, if prices break below this support, and retest, we could see increased selling pressure! Traders should remain vigilant for market volatility, and consider setting stop-loss and execute sniper entries to manage risk effectively. Overall, a balanced approach combining technical insights with current market events will be essential for navigating Monday's trading session.
OANDA:XAUUSD
by JayGrandi
2
India’s Gold Imports Jump 21.78% on Festive Demand Technical Analyze: The gold (XAU/USD) chart indicates a strong upward trend with the price reaching a key resistance level near 2,804. A break above this level would confirm a continuation toward the next bullish target at 2,816. Bullish Scenario: If the price breaks and stabilizes above the current resistance, it’s likely to continue toward the 2,816 level, as marked by the next bullish station. Bearish Scenario: Failure to hold above the correction point at 2,758 may trigger a pullback towards lower support levels around 2,738 and 2,712. A deeper decline could target the support zone at 2,677. Key Levels: Pivot Point: 2775 Resistance Levels: 2790, 2804, 2816 Support Levels: 2758, 2748, 2738 Trend Outlook: Correction til 2775 or 2758 Above 2775: Uptrend India's Gold Imports Surge Amid Strong Domestic Demand India's gold imports increased by 21.78% to $27 billion during April-September of this fiscal year, influenced by strong domestic demand, according to government data. This rise in imports impacts the country’s current account deficit (CAD). For the same period in the previous fiscal year (2023-24), imports stood at $22.25 billion. An industry expert highlighted that the ongoing festival season has significantly boosted demand, contributing to the increase in imports. previous idea:
OANDA:XAUUSDLong
by SroshMayi
3
GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone. Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk. However, the market needs to correct periodically before gold can rise further. The first support is near 2770, and the second, stronger support is around 2760. This second area is a strong support zone from where gold may bounce up again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSDShort
by KlejdiCuni
1
GOLD → Consolidation amid a bull run. What to expect?FX:XAUUSD is forming a sideways range of 2758 - 2713. Relatively strong support is forming to confirm the buyer's intentions, and the fundamental background is still favorable for the ATH retest The dollar continues to rise on the back of a less aggressive easing cycle from the Fed, as well as the upcoming US election. In general, this is a negative leverage against gold. BUT. The decline in the gold price remains limited due to renewed expectations of additional stimulus measures in China, as the largest gold consumer in the world, and the situation in the Middle East, where there is no hint of de-escalation of the situation. The situation, technically, is simple. Trade inside the range and exclusively from strong levels. A possible retest of the range boundary, post facto, will determine the future prospects. Resistance levels: 2745, 2758 Support levels: 2728-2724, 2713 Bounces or false breakdowns may be formed against the boundaries, as gold is flat. Another retest of resistance may lead to a breakout and growth towards ATH. It can also happen after the support retest before further growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
13
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744. As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first? Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
23
Gold - Time To Close Out Partial Profits!Gold ( TVC:GOLD ) is now back to the upper channel resistance: Click chart above to see the detailed analysis👆🏻 After breaking above the plsychological $2.000 level, Gold created such an incredible rally, massively outperforming stocks and even cryptocurrencies over the past couple of months. Therefore, it is quite likely that big institutions will take some profits at the current levels. Levels to watch: $2.700, $2.000 Keep your long term vision, Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
22
trailblazing women who took Wall Street by storm these incredible women have paved a way for female investors and traders around the world showing great resilience and fearless mentality despite facing gender discrimination going on to achieve great things in the financial field, motivating the future generation of young women that they too can achieve the unthinkable. 1. HETTY GREEN the witch of wall street also referred to as "the woman who loved money" born November 21, 1834 and also believed to have been the richest woman in America before the time of her passing, Hetty Green started her financial/business journey from a young age through the influence of her father who was a successful agent, oil manufacturer, and Quaker, who encouraged her to read and study financial texts when she was a young girl, he believed that even women needed to understand the dealings of money, business and overall how the financial world operates. She is best known for turning an inheritance of between 3 - 7 million to 100 million U.S dollars approximately $2.5 billion in today's money. She did this by investing in U.S government bonds, stocks, real estate and railroads and providing financial support during crises, most especially the Panic of 1907, making her a reputable investor and financier, using a buy low, sell high strategy and impeccable psychology facing markets militantly and unafraid even in times of panic. 2. VICTORIA WOODHALL the first woman to run for presidency born September 23, 1838, Victoria came from a very poor background, with the influence of their father she and her sister sold herbs and potions posing as spiritualists and healers they caused them to live a on the run from one place to another due to unsatisfied customers/patients. Their nomadic lifestyle led them to Manhattan were they caught the attention of railroad magnate Cornelius Vanderbilt, who it was believed they helped him keep in contact with his dead wife he in return offered them financial advice and through this connection they were able to open the first female owned brokerage in wall street in 1870 called WOODHULL, CLAFLIN and CO with clients of high society women, rich widows and high value prostitutes, this become a success earning them over $700 000 about 2million today. She used this money to further her goals and fund her campaign to run for presidency. 3. ISABEL BENHAM madam railroad born 1909, in the 1920s Isabel enrolled at a women only college called Bryn Mawr in Pennsylvania, with a strong desire to study economics and work in wall street it has a great tragedy to find that the school offered no economics courses but Isabel insisted the college offer economics studies and made history by being 1 of 5 women to graduate from the college with a degree in economics. after graduation, living in times of the great depression also facing daily gender discrimination this did not stop her from pursuing her dreams to work in wall street, she started a side hustle by selling magazine subscriptions and later landed a job as a bond strategist on wall street bond house R.W Pressprich and Co. and due to her resilience and hard work providing accurate reports of the railroad industry became their first female partner and first woman as a partner of a wall street bond house and first woman to be appointed Board of Directors for a railroad. 4. MURIEL SIEBERT the first lady of finance born 1928 without graduating from any college her finance career started by being a finance research trainee and grew her expertise by working in various brokerages. through hard work and determination by year 1967, despite numerous failed attempts and rejection she became the first woman to have a seat on the BYSE being the only woman among 1,365 men which was a remarkable achievement. she went on to co-found Siebert and Co a broker- dealer in 1969 and when the the NYSE jettisoned it's 183 year old tradition allowing it's members to negotiate broker commissions her company became America's first discount brokerage also being owned by a woman. by year 1977 she hit another incredible career milestone by being appointed superintendent of Banks for New York state, overseeing all NEW YORK banks with no banks failing in her 5 year term. 5. GERALDINE WEISS grand dame of dividents considered one of the best female investors/ traders of the 20th century, learning about investing by reading investing texts like Security Analysis by BENJAMIN GRAHAM and studying business and finance earning a degree at the University Of California. with her advanced knowledge about investing she was still unable to get any job position higher than secretary due to gender discrimination in the male dominated industry but this did not put out her fuel and and undying desire to become be involved in the investment community and by age 40 she started her investment newsletter called "Investment Quality Trends" under a pseudonym "G. Weiss" to hide her gender as at the time many believed no woman can make successful investments and did this for a decade with her subscribers thinking she is a male it was only in 1977 when she appeared on TV program "wall street with Louis Rukeyser" that she revealed her gender this now with her newsletter being a success with accurate analysis asserting that dividend yield is a key valuation measure that how she got her nickname. hope this inspires more women to be more active in the trading world. Whatever women do they must do twice as well as men to be thought half their inferior. Luckily, this is not difficult. – Charlotte Whitton put together by : Pako Phutietsile as currencynerd
Editors' picks
OANDA:XAUUSDEducation
by currencynerd
4
XAU/USD : Gold Set for a Move as U.S. Election Sparks VolatilityBy analyzing the #Gold chart in the 1-hour timeframe, we can observe several reactions to the demand levels we identified. Yesterday, we saw an initial bounce from the $2733 zone, with a 70-pip rise taking it close to $2740. Later, this morning, the price dipped below $2730 and reached the $2727 zone, where it was met with strong demand, resulting in a sharp increase of over 200 pips up to $2745. Currently, gold is trading around $2742, and I expect it to soon make another move toward the liquidity pools above $2745 and $2748. After that, keep an eye on the price reaction at $2752. Note that today is the U.S. election day, and the market may experience significant volatility. Be cautious with your trades! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
1
Gold's Next Target 2800Instrument: Time Frame: 3H Observations: 1. GOLD is moving in a traingle chart pattern that momentum started from 18 October. 2. Support and Resistance Zone also observed that has changed the direction of trend many times. 3. Price reversed to Bearish in last days upon hitting the resistance zone 2785_2790. As the market will open it will change it's direction again after Touching Support Zone at 2725_2730 4. Current price action shows respect for the Resistance zone that is lying at 2800 means soon we will see bullish trend. Trading Strategy: Gold Buy at 2725_2735 Take Profit1= 2750 Take Profit2= 2780 Take Profit3= 2800 Stop Loss= 2715
TVC:GOLDLong
by Fxjames0009
1
Gold Price Today: Short-Term Sell Opportunity ?Hello everyone, let’s dive into today’s gold price analysis! I’ll be focusing on the 1-hour chart to analyze and strategize. Currently, gold is trading around the $2,733 mark, showing a gradual downward trend. The downtrend is further confirmed as the price moves within a descending wedge, with lower highs and lower lows forming consistently. Additionally, the 34 and 89 EMAs provide strong signals favoring sellers. In my view, a short-term sell strategy seems promising. What do you think? Share your thoughts in the comments below!
OANDA:XAUUSDShort
by Chipucu
7
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release. Pre-Data Release Gold Trading Strategy: Entry Range: Short gold between 2780-2782 Take-Profit Target: 2772 Stop-Loss: 2790 Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
Gold Bulls Alert: Key Support Holds, XAU/USD Prepares for UpsideOverview: The chart highlights recent price action in XAU/USD, with a potential bullish scenario following a consolidation phase. The key points of interest include a strong support zone and potential levels for price reversal and continuation. Key Levels: Support Zone: The shaded region around 2,736 indicates a significant support level, where price has bounced multiple times. This suggests a strong buying interest at this level, which could serve as a base for an upward move. Resistance Zone: The horizontal line near 2,754 marks an immediate resistance level. If the price reaches this level, it may encounter selling pressure, leading to a potential short-term pullback. Price Structure and Projections: Consolidation at Support: Price has tested the support zone multiple times, showing signs of stability. This suggests that buyers are likely stepping in at this level, preventing further declines. Possible Pullback: If price approaches the 2,754 resistance, a short-term pullback may occur. This is common as traders take profits, and sellers attempt to regain control at a previous high. Bullish Breakout Scenario: If price successfully breaks above 2,754, it could signal a bullish breakout. In this case, the next move could target higher levels around 2,780 or beyond, as indicated by the upward arrow. Conclusion: Given the current structure, XAU/USD appears poised for a potential bullish reversal if support at 2,736 holds and price manages to break above the 2,754 resistance. Traders might consider waiting for a confirmed breakout or pullback as entry opportunities, with a cautious approach around key levels.
OANDA:XAUUSDLong
by Wasbeer_121
1
Adjustment - gold price drops! Waiting for the new US president⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) remains positive on Monday as US election risks and Middle East tensions continue to support the safe-haven asset. However, stronger demand for the Greenback and rising US bond yields could limit Gold’s gains, as higher yields make non-yielding assets like Gold less appealing. Investors are focused on Tuesday's US presidential election, with the market’s attention shifting to the Federal Reserve’s rate decision on Thursday. Given the election uncertainty, it’s anticipated that the Fed will opt for a standard 25 basis point rate cut, rather than a larger half-point easing. ⭐️Personal comments NOVA: Gold price officially decreased - legalized adjustment with the US presidential election. The US economy will have a new breeze - boosting the economy and other investment areas. Gold will wait for the next interest rate information ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2757 - $2759 SL $2762 scalping TP1: $2750 TP2: $2740 TP3: $2730 🔥SELL GOLD zone: $2771 - $2773 SL $2778 TP1: $2765 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2732 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1