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Gold : Key Events to Watch for Breakthrough OpportunitiesGold prices are currently facing significant upward resistance, and breaking through historical highs requires specific market catalysts. Major economic data releases, shifts in geopolitical dynamics, and the upcoming U.S. weekly jobless claims report are all critical factors that could impact gold’s trajectory. Additionally, a substantial appreciation of the U.S. dollar may exert further pressure on gold prices. Therefore, in the short term, it is advisable to adopt a strategy focused on selling at high levels to achieve optimal profit targets. Sell Range: 2685-2680 Buy Range: 2660-2665 OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
CAPITALCOM:GOLDShort
by George_parse
Short-term gold peaks and continues to pull back, look at 2660Gold, washing up, the daily line turned positive and broke the high, and continued to rise. But in terms of trend, it did not rise directly, but bottomed out and rebounded, and continued to wash out. On the one hand, the price broke the low point of 2640 in the previous two days, and it was weak on the surface, but the European market rose strongly and returned to the opening of the morning. And the long orders were defended at this position price, and they had to be swept out. On the other hand, if you look at the breakout and fall, yesterday's rebound empty basically fell into the pit. Technical points: 1. It is not extremely strong, because it is bottoming out and rising, washing up. We expect it to be extremely strong, with a cycle in the morning, the European market rose vigorously, and the US market broke the high, but it bottomed out to the watershed in the morning. 2. The rising cycle at 10 o'clock in the morning has not been broken. It continued this morning. 3. The European market has a V-shaped reversal. If the European market reverses, the US market will be bullish. And yesterday there was also a position to follow: the US market rose the day before, and just at 8 o'clock it retracted the increase of 618. The same was true for the US market yesterday, just at 8 o'clock it retracted the intraday increase of 618. 4. The US market did not rise directly, but pulled back and forth twice, up and down, and continued to attack and close, still testing the bulls, which is a shock wash, not extremely strong. Intraday operation analysis: 1. The 10-point rising cycle rhythm still appeared in the Asian market. 2. The watershed 2658 line. 3. The more times the resistance level is tested during the rise, the weaker the resistance level. The higher the probability of breaking the high. Continue to pay attention to two rhythms:, The earlier the European market breaks through, the greater the probability of the US market breaking the high. The European market rises, pay attention to the cycle of these two days, the position and time point of the US market.
TVC:GOLDShort
by David_strategy
2
Invest in Gold? Exploring the Impact of Diwali The price of gold has reached unprecedented heights in the retail market, setting a new record as the Hindu festival of Diwali draws near. Factors, including increased demand, global economic uncertainties, and geopolitical tensions have driven this price surge. The Multi Commodity Exchange (MCX) December contracts for gold have also witnessed a significant uptick, reflecting the broader upward trend in the precious metal's value. This positive momentum is largely attributed to favorable global cues, such as concerns over the US debt ceiling and ongoing geopolitical tensions. Factors Driving the Gold Price Surge • Diwali Demand: The festival of Diwali, known for its celebrations and gift-giving, is a significant driver of gold demand in India. As the festival approaches, consumers are increasingly purchasing gold jewelry, coins, and bars as a symbol of prosperity and wealth. • Global Economic Uncertainties: The lingering effects of the COVID-19 pandemic, coupled with geopolitical tensions and concerns about global economic growth, have made gold a safe-haven asset for investors. As uncertainty persists, investors are turning to gold as a hedge against market volatility. • Inflationary Pressures: Rising inflation rates, both domestically and internationally, have also contributed to the increase in gold prices. As purchasing power declines, consumers may seek to preserve their wealth by investing in gold. • Geopolitical Tensions: Ongoing geopolitical conflicts, such as the Russia-Ukraine war and tensions in the Middle East, have created a sense of unease and uncertainty in global markets. This has led to increased demand for gold as a safe-haven asset. Impact on Retail Market The surge in gold prices has had a significant impact on the retail market. Jewelry stores and bullion dealers have reported a surge in demand for gold products, leading to increased prices and longer waiting times for certain items. Some consumers may find it challenging to afford the higher prices, while others may view it as an opportunity to invest in a valuable asset. Government Measures and Outlook In response to the rising gold prices, governments may consider implementing measures to curb demand or stabilize prices. These measures could include import restrictions, increased taxes on gold purchases, or the release of gold from government reserves. However, the outlook for gold prices remains positive, particularly in the short term. As Diwali approaches and global uncertainties persist, gold prices will likely continue to be supported by strong demand and a favorable market environment. Conclusion The record-high gold prices witnessed in the retail market as Diwali nears are a reflection of a confluence of factors, including increased demand, global economic uncertainties, and geopolitical tensions. While the surge in prices may pose challenges for some consumers, it also presents opportunities for investors seeking to preserve their wealth and hedge against market volatility. As the festival of Diwali approaches, it is anticipated that gold prices will remain elevated, driven by strong demand and a favorable market environment.
OANDA:XAUUSDLong
by bryandowningqln
Golden opportunity for gold! The Fibonacci channel has been drawn, and Elliott waves can be observed on the chart. Currently, the price is in the fifth Elliott wave. We have two scenarios for the future of gold: 1)The first scenario is a bullish scenario. Given the geopolitical tensions and conflicts between Israel, Iran, and Lebanon, as well as China's threats against Taiwan, which have all contributed to a further increase in gold prices, if these trends continue, it could complete wave 5 at the 1.414 level of the Fibonacci channel. 2)The second scenario is a bearish scenario. If we witness a hawkish stance from the FED or a reduction in geopolitical tensions, then we should expect a price reversal from the previous high of 2687. In this case, the 0.618 Fibonacci channel level would serve as strong support. Considering the geopolitical tensions, I believe the first scenario and a breakout above the previous high are more likely. In that case, we should watch for a breakout above the previous high and then enter a long position after confirmation.
OANDA:XAUUSDLong
by Market-Analyzer
XAU recovers - positive market !! $2685⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a one-and-a-half-week high of around $2,670 during the Asian session. Lower US Treasury yields pulled the US Dollar away from its two-month peak, supporting gold. Additionally, weaker global equity markets and ongoing geopolitical risks boosted demand for the safe-haven metal. Central bank demand further supported gold prices, though expectations of a less aggressive policy easing by the Federal Reserve (Fed) and a likely 25 basis point rate cut in November may limit any significant USD decline. Moreover, reports that Israel won't target Iran’s oil and nuclear sites could cap further gains for gold, suggesting caution for additional upward movement. ⭐️Personal comments NOVA: Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2651 - $2649 SL $2644 TP1: $2660 TP2: $2670 TP3: $2683 🔥SELL GOLD zone: $2671 - $2673 SL $2677 SCALPING TP1: $2665 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2675 TP2: $2668 TP3: $2660 ⭐️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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
3
Short-Term Rebound and Conservative Short StrategyAfter shorting at 2668 yesterday, it dropped about 7-9 points to 2659. Then it started to consolidate sideways, which is consistent with my speculation in the short term. However, after the overnight gold price was affected by the news that "Israel's attack plan on Iran is ready", it continued to rise to 2683, close to the historical high. But the detailed events have not been updated. So will the war break out again? At present, the gold price is at 2678, and I continue to short. At present, there is still buying pressure near 2685. So the gold price will continue to be under pressure and fall in the short term. Of course, if the market releases "smoke bombs" again. I think the gold price will fall again and then rebound to test the upper pressure position. Short the gold price first, and then go long. sell:2683-2679 buy:2660-2665 Waiting for the arrival of the New York market.
TVC:GOLDShort
by George_parse
Gold May Rise to 2685.00 - 2700.00 (READ DESCRIPTION)Gold May Rise to 2685.00 - 2700.00 Pivot Point: 2665.00 The pivot point of 2665.00 serves as a crucial level for determining market direction. It acts as the line between bullish and bearish sentiments. As long as gold remains above this pivot, the outlook is bullish. Our Preference: Long Positions: Gold is expected to rally, with an upside trend prevailing as long as the price is above 2665.00. Target Levels: Target 1: 2685.00 Target 2: 2700.00 This implies a potential upward movement of about 20 to 35 dollars from the pivot point. Alternative Scenario If gold prices fall below the pivot level of 2665.00: Bearish Outlook: The market may shift to a bearish sentiment, indicating a potential reversal in the upward trend. Target Levels: Target 1: 2656.00 (support level) Target 2: 2645.00 (further downside potential) This suggests that if the price breaks below 2665.00, it could decline further. Technical Indicators Relative Strength Index (RSI): The RSI is currently bullish, sitting above the neutral 50 level, indicating that the market is likely to continue its upward movement. A reading above 70 would indicate overbought conditions, suggesting caution. Moving Averages: 20-Day Moving Average: Indicates short-term trend direction and is currently above the pivot, supporting bullish sentiment. 50-Day Moving Average: A longer-term trend indicator, also above the pivot, reinforces the bullish outlook. Price Action: The current price is above the 20-day and 50-day moving averages, which typically indicates a bullish trend. A move below the pivot could signal a trend reversal or increased selling pressure. Volume Analysis: Increased trading volume on upward price movements can confirm the strength of the bullish trend. Conversely, declining volume on price drops could signal weakening selling pressure.
OANDA:XAUUSD
by CharivapaAlgo
Gold fluctuates at a high level on 10.16, waiting for a pullbackGold has fluctuated at a high level in the past two days, and there are many resistances above. Don't chase long at high levels for the time being. However, the recent risk aversion sentiment has continued to support the rise of gold. Gold should wait patiently for a decline to go long. Pay attention to the resistance above 2680. The 1-hour chart of gold is now fluctuating at a high level. Gold fell to 2638 yesterday to bottom out and rebounded. In the morning, it was long on dips above 2638, and it can continue to go long when it falls back to around 2640; gold is not rising directly unilaterally now. If you go long, you must wait patiently for a decline. Don't chase long easily at high levels, otherwise you will be at a loss again after a pullback. Continue to pay attention to the historical high of 2685 resistance above. You can go short in the short term. At this strength, gold does not have the momentum to set a new high in one fell swoop. Gold longs and shorts are in a state of anxiety again; gold does not break highs, don't chase long easily, wait patiently for a decline opportunity, and follow up if it breaks through a new high directly. Operation idea: SELL: 2678 Stop loss: 2685 Target 2655--50 BUY: 2640, stop loss 2630, target 2660-2670;
TVC:GOLDShort
by David_strategy
1
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball. Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon! Mindbloome Trader Happy Trading
CAPITALCOM:GOLDLong
by Mindbloome-Trading
Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial. OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
TVC:GOLDShort
by George_parse
10.15 XAUUSD Trading strategyGold continues to surge higher. From the technical point of view on the candlestick chart, it is now just at the pressure level of the downward trend line and resistance line of the hourly chart. As long as it is suppressed at 2672 later, it is still possible to drop again. Therefore, in trading, it is recommended to short gold directly at the current price of 2668, with a target of 2655.Because the area of 2655 is the previous intensive trading area, the point of 2655 has a certain support effect, so this wave of decline will most likely come to the point of 2655! XAUUSD Operation Strategy XAUUSD rebounded 2668-2670 line short, stop loss 2676, take profit 2655 line
OANDA:XAUUSDShort
by Falcon-Training-Camp
AUDUSD sellI was bullish in AUD USD last week but as i have observed the chart technically i am expecting a bearish move over the pair, AUD vs US dollar has made a move downward 👇 this week as far technical data is concerned the pair has made a falling wedge pattern a downward move is expected other confluence is 50 SMA , price is moving under the SMA which is another confluence for the price to be bearish we have observed the pair from Monthly to Weekly to Daily to H4 to H1 price is in bearish trend 📉
Short
by Wakeel_Saab
Gold washes the market, peaks and buys the bottomIn the morning, the price of gold did not continue the rise of last Friday. Instead, it opened lower and fell rapidly, creating the illusion of short-term adjustment, which continued until it stopped falling near $2,643. After that, the strength of the European session also created the illusion of breaking through the new high. The violent rise directly hit the high of last Friday, $2,660, and then traders began to turn bullish, and even waited for a pullback to go long. Today, from the perspective of the market, it continues to fluctuate. Today's support is no longer $2,640-36, but the pressure point of last night's high of 2,653 in the early morning. The high point moved down and the low point broke. The large box shock has not ended. It is estimated that it will take a few days. Only when the position of 2,653 is re-established, will we consider intervening in the long position, otherwise the weak shock will continue today. At present, the high pressure of gold is at the position of 2672 US dollars. The first support point below is at the previous rising position of 2636/37 US dollars, and the second is the top and bottom conversion position of 2624/22 US dollars. It is too early to talk about gold peaking now, but the high box has not ended. Considering the long-term grabbing area is still within the range of 2630/00. The higher the safety margin, the better the mentality of holding positions. Therefore, today gold will continue to fluctuate downward based on the 2668 long-short dividing point. If it can reach below 2624/22, consider intervening more. Yesterday's continuous decline has already induced today's pullback to long, especially relying on the support position of 2640-36. Break through 2653 and then consider the pullback. For the time being, the callback will remain oscillating downward.
TVC:GOLD
by David_strategy
1
Short the gold price first. Then buy the gold priceJudging from the trend. There is some intention to fall in the market. But the short-selling force is not strong. We can take the opportunity to do some swing trading. The support strength of the position of 2646 is very low. I think it is only a matter of time before it falls to 2633-2637. Because the support there will be stronger and it is a good time to go long. So if you don’t know how to trade now, you can refer to a transaction in the quick trading strategy. Simple sharing. Investors who like it remember to keep paying attention. CAPITALCOM:GOLD OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1!
TVC:GOLDShort
by George_parse
10.14 XAUUSD Trading StrategyXAUUSD has just started to rise as scheduled this week. First harvest a wave of investors who shorted last week. This week is a popular start. XAUUSD still has momentum in the short-term rise, the golden hourly moving average continues to rise, and the gold bulls still have momentum, and the decline continues to go long. After all, the current international political situation still supports gold to have the motivation to rise! However, from the technical perspective, XAUUSD has become a box trend. Judging from the current market trend, we pay attention to the short-term support level of the first line of 2635-40 below, and the first line of 2665-70 above. Breaking through this position is expected to continue to win the high position, and even hit the threshold position of the first line of 2700, so in operation, we need to follow the trend closely and don't chase orders at will! XAUUSD operation strategy 1. XAUUSD bounces back to the first line of 2665-2670, the stop loss is 2676, and the target is 2635-2640 2. XAUUSD retraces the first line of 2640-45 and does not break the long line, the stop loss is 2633, and the target is 2660-65
OANDA:XAUUSDShort
by Falcon-Training-Camp