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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 on Intra-day side SwingsTechnical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #2,722.80 - #2,742.80 Neutral Rectangle zone with #2,752.80 benchmark representing possible stop and local High’s. Upper maximum extension can reach #2,762.80 Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Selling extension will last for long as Gold will be ready for another Buying sequence (Buying every Low's), where another relief rally might be ahead. It is important to note that Bond Yields found the Support and engaged the spiral recovery (# +1.84%) which can extend the uptrend on Gold (positive correlation lately between the two). I will use this configuration and observing market closing (closing below #2,722.80 confirms the downtrend extension), where Gold (in that case) should Technically be ready for #2,700.80 benchmark test. DX however remains merely Neutral however near Higher High’s peak, adding Volatility on Gold counterbalancing the rise on Yields. Fundamental analysis: All this gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic upside however isolated within Neutral range for the last #3-consecutive sessions. Hourly 4 chart is on (# +0.10%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower Low’s Target. I don't expect today's Trading hours to have a big impact as like I've been highlighting on my remarks, the market will wait for important macro-economic events before making a move. My position: I am utilizing Intra-day #8 - #12 point Trading opportunities while my #2,712.80 Medium-term Buying orders are intact with Stop's on breakeven (#2,800.80 optimal Target). I will continue Buying every dip which Gold delivers.
OANDA:XAUUSDLong
by goldenBear88
Gold on Intra-day side SwingsTechnical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #2,722.80 - #2,742.80 Neutral Rectangle zone with #2,752.80 benchmark representing possible stop and local High’s. Upper maximum extension can reach #2,762.80 Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Selling extension will last for long as Gold will be ready for another Buying sequence (Buying every Low's), where another relief rally might be ahead. It is important to note that Bond Yields found the Support and engaged the spiral recovery (# +1.84%) which can extend the uptrend on Gold (positive correlation lately between the two). I will use this configuration and observing market closing (closing below #2,722.80 confirms the downtrend extension), where Gold (in that case) should Technically be ready for #2,700.80 benchmark test. DX however remains merely Neutral however near Higher High’s peak, adding Volatility on Gold counterbalancing the rise on Yields. Fundamental analysis: All this gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic upside however isolated within Neutral range for the last #3-consecutive sessions. Hourly 4 chart is on (# +0.10%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower Low’s Target. I don't expect today's Trading hours to have a big impact as like I've been highlighting on my remarks, the market will wait for important macro-economic events before making a move. My position: I am utilizing Intra-day #8 - #12 point Trading opportunities while my #2,712.80 Medium-term Buying orders are intact with Stop's on breakeven (#2,800.80 optimal Target). I will continue Buying every dip which Gold delivers.
TVC:GOLDLong
by goldenBear88
Gold XAU/USD Analysis --- 28.10.2024Gap Open Observed: The gold market has a notable gap open at $2,747. Historically, gaps in price tend to close over time. Key Resistance Levels: $2,747: Gap open resistance. $2,759: October 23 swing high. $2,785: 261.8% Fibonacci extension (highlighted as a prime target by Elliott Wave traders). Support Levels: $2,724: Recent overnight base. $2,709: Swing low level. $2,703: Bespoke support level. Technical Indicators and Price Action: Monthly Chart: Shows an extension level of 261.8% at $2,785, marking a focal point for Elliott Wave analysis. Daily Chart: Inside days show indecision as price trades within the October 23 range ($2,759 - $2,715). One-Hour Chart: Highlights a gap open from October 25 at $2,747 with an extension target at $2,798. Market Sentiment: No clear reversal is evident, and the current trend remains bullish. The primary target area lies between $2,785 and $2,798.
CAPITALCOM:GOLD
by CTA_tradesmart
2
Gold prices are influenced by inflation risks and political.World gold prices decreased slightly when the USD index increased. Recorded at 9:15 a.m. on October 28, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,357 points (up 0.22%). Nine analysts participated in Kitco News' gold survey. Last week's near-bullish consensus has narrowed. 5 experts expect gold prices to increase this week, while another 2 experts expect the price of this precious metal to decrease. The remaining two analysts remain neutral on gold's short-term prospects. Meanwhile, 213 votes were cast in Kitco's online poll. The majority of Main Street investors believe that gold has an upward trend. 126 traders expect gold prices to increase this week. There are 47 people who expect precious metals to decrease. The remaining 40 investors said that prices will tend to move sideways this week. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2740 - 2738 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2748
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD → Who pressed the accelerator? Is the RALLY still going on?FX:XAUUSD continues its bull run. Prices are rising and so are the risks (before the news). What influences the growth and what to expect from the metal that surprises speculators? Gold continues to rise despite a rising dollar, which is rising mainly on economic data and the growing likelihood of Trump winning the US presidential election. Escalating geopolitical tensions between Iran and Israel, renewed talks on de-dollarization ( There has been speculation about the creation of a gold-backed currency in the wake of the three-day BRICS summit) are supporting the metal. Gold is technically at highs, which increases the risks of an unpredictable correction due to the approaching news from the US. Also the focus on China markets and the BRICS summit... Resistance levels: 2758 Support levels: 2749, 2737, 2728 The upside may continue from the local support areas as we are trading in a strong bull market. The focus is on 2749-2737-2728-2713. The market may form another flat or consolidation before the growth... Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
11
XAUUSD_1D🏌‍♂XAUUSD_1D🏌‍♂ Analysis of Anas Gold in daily and long-term time According to Elliott waves, the market is big in wave 3. If the price is maintained above 2713, it is possible to continue the rising wave and it can complete wave 3 at the price of 2990 and 3000 dollars. And then for the mid-term time, enter the correction as wave 4 and then the new wave as wave 5 to complete its range of $3333. ⚠️ In any case, the number 2713 is lost, the price of waves will change. The main number is 2666 dollars.
OANDA:XAUUSDLong
by Elliottwaveofficial