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Did you follow the low position to buy yesterday? If you didn't follow. It's a pity, you just missed the profit of more than 20 points. After the big drop yesterday, it rebounded overnight. And I just announced the fast trading strategy. The market development trend is consistent with my fast trading strategy, and the target is 2725-2740. The obvious pressure is 2735-2740. At present, the increase in the Asian market and the London market is almost the same. There is a big upward pressure in the short term, so we will not buy. Selling is the main thing. A head and shoulders posture is also formed above. Whether you have large funds or small funds, you can make money by selling gold prices. The 2735-2740 range is mainly short-selling. tp2724-2714, you can close it at any time when the profit reaches your expectations. OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
TVC:GOLDShort
by George_parse
1
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's Record Rally: Safe Haven Amid Global Uncertainty💹 Geopolitical Tensions Driving Demand Gold prices are soaring, hitting historic highs as geopolitical instability, notably in the Middle East, keeps pushing investors toward safe-haven assets. Escalating conflicts, such as tensions involving Israel and Iran, are solidifying gold’s position as a hedge against uncertainty, with current levels above $2,080 per ounce. 💰 Federal Reserve Policy & Rate Cuts on the Horizon The Federal Reserve's expected rate cuts, ranging from 0.75% to 1% by the end of 2024, will likely sustain gold’s upward momentum. As these cuts make interest-bearing assets less attractive, gold could see further gains, with analysts forecasting potential prices of $2,300 by year’s end if economic challenges persist. 🌍 Market Trends and Supply Constraints Strong futures and ETF activity is also supporting prices as global demand grows. On the supply side, production issues in major mining regions like Australia and the U.S. are adding to the bullish case for gold, creating a “perfect storm” for long-term price support. 📅 Key Events to Watch: - Federal Reserve’s next rate decision (mid-November) - Ongoing geopolitical developments in the Middle East - Year-end inflation reports impacting central bank strategies globally With a mix of economic and geopolitical tailwinds, gold’s trajectory looks bullish in the near term. For a deeper look into gold’s macro environment, keep this post handy as these developments unfold! 🚀
CAPITALCOM:GOLDLong
by bitcoinsentinel
Platinum the trend leader for metalsPlatinum, the trend Queen. Platinum this session has led the trend for metals so far. PL has broke it's long uptrend with force. Generally PL likes to trend for several days. Short intraday pops might happen, but I am watching for possible continuation. Consolidation or ranging may also be possible short term. Careful eyes to see if support is made and will hold. SI looks to be setting up a classic head and shoulders, with Platinum being the warning. This is NOT trade advice, simply observation. Have a nice weekend
NYMEX:PL1!
by The_Lioness
10.25 gold Asian market analysis ideas! !! !!Yesterday, gold began to fluctuate and rise in the early trading, and continued to rise in the European trading, reaching a high of around 2743 in the US trading. Then the market was blocked and fell. After dropping to around 2722, it rebounded to above 2730 in the late trading and fluctuated. The daily line closed with a positive line, and gold once again stood firm at the 2730 line. On the daily line, there was a single negative decline correction on Wednesday, and a volatile rise on Thursday. There was still some resistance to falling in the short term. At the opening of today, the gold price was above the moving average. In the short term, we will first pay attention to the 5-day moving average, which is currently located near 2730. As long as it stands firmly at 2730 today, gold will definitely continue to rise. First pay attention to the resistance near yesterday's high point of 2743, and then pay attention to the resistance near the current high point of 2758. If it continues to break through the high, we need to pay attention to the 2768 pressure level. 2768 is the current resistance position after the extension of the high point line of July 17 and September 26. In terms of intraday operations, it is still mainly low-long. In terms of geopolitical situation, US Secretary of State Blinken said on Thursday that the United States does not want Israel to carry out protracted military operations in Lebanon. At present, all parties are working hard to hold new negotiations on the ceasefire and hostage agreement in Gaza. In terms of economic data, the number of initial jobless claims in the United States last week released on Thursday unexpectedly fell, but the number of continued jobless claims in mid-October rose to a nearly three-year high, suggesting that it is becoming increasingly difficult for the unemployed to find new jobs. The influence of various aspects has also further promoted the upward trend of gold. Although gold fell back on Wednesday, it still rose sharply the next day. The price is expected to break a new high again, and it is far from the target level at present. Support level: 15 Resistance level: 35————45
TVC:GOLDLong
by David_strategy
1
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? The price of gold has reached the upper resistance of the ascending channel, and negative divergence is visible on the RSI indicator. This divergence typically signals weakening buyer momentum and the potential for a price correction. It is expected that the price will enter a correction from this zone and drop at least to the identified support level. forget to like and share your thoughts in the comments! ❤️
OANDA:XAUUSDShort
by HAMED_AZ
6
Is Bitcoin Price's All-Time High Dependent on Gold Rally PausingThe cryptocurrency market has been exciting as Bitcoin (BTC) inches closer to its all-time high (ATH). However, a recent surge in gold inflows suggests that a potential pause in the precious metal's rally might be necessary for BTC to reach new heights. Over the past seven trading days, gold exchange-traded funds (ETFs) have witnessed an influx of over 1 million ounces, marking the largest inflow since October 2022. This significant increase in gold demand indicates that investors seek safe-haven assets amid economic uncertainty and geopolitical tensions. Historically, gold and Bitcoin have correlated, with one asset often leading the other. In 2020, for instance, gold paved the way for Bitcoin's ascent, reaching record highs in August of that year. Subsequently, BTC followed suit, setting its all-time high in December. The current scenario, however, presents a different dynamic. While Bitcoin's price has been steadily climbing, it appears to be facing resistance near its previous ATH. Is there a potential correction in gold prices could be a catalyst for BTC to break through this resistance level and establish a new all-time high? Several factors contribute to this hypothesis. Firstly, the ongoing correlation between gold and Bitcoin suggests that a pause in gold's rally could divert investor attention and capital towards the cryptocurrency market. Secondly, a correction in gold prices could alleviate concerns about a potential asset bubble forming in the precious metal market, thereby boosting investor confidence in Bitcoin. Furthermore, the recent surge in inflows into Bitcoin ETFs highlights the growing institutional interest in the cryptocurrency. As more traditional investors allocate a portion of their portfolios to Bitcoin, the potential for a significant price increase becomes more tangible. However, it is essential to note that the relationship between gold and Bitcoin is not always straightforward. There have been instances where the two assets have diverged, influenced by various macroeconomic factors and market sentiment. Therefore, while a gold correction could provide a favorable environment for Bitcoin's price appreciation, it is not a guaranteed outcome. In conclusion, the recent surge in gold inflows suggests that a potential pause in the precious metal's rally might be necessary for Bitcoin to break its all-time high. While the historical correlation between the two assets offers a compelling narrative, it is crucial to consider other factors and remain vigilant about market developments. As Bitcoin continues its journey towards new heights, investors will be closely watching the interplay between gold and the cryptocurrency market.
OANDA:XAUUSD
by bryandowningqln
10.24 Can gold reach a high level?On Thursday (October 24), gold prices partially recovered, continuing the previous upward momentum. After a brief correction on Wednesday, spot gold once again broke through the $2736-2737/ounce area, and then narrowed its gains to 0.66%. It is currently trading around $2733, up about $18/ounce on the day. Thanks to the weakening of the US dollar and the decline in US bond yields. In addition, the uncertainty in the Middle East and US politics has also increased the market's demand for safe-haven assets, further boosting the attractiveness of gold. From a technical perspective, there is a certain downward pressure on the short-term trend of gold prices. According to the technical chart, the upward trend line of gold was broken on Wednesday, indicating that the market may have a further correction in the short term. If gold prices cannot remain above the support of the $2730-2732 range, they may face greater downward pressure. The first target is the $2700 mark. If it falls below this level, the next step will test the intermediate support of $2685, and may even fall to around $2670. If gold can hold the key support level of $2,730 and successfully break through the recent resistance level of $2,750, the market will re-enter the upward channel. At that time, the price of gold is expected to challenge the high point of the $2,770-2,775 range again, and may even further attack the psychological barrier of $2,800. In terms of technical indicators, the oscillator on the hourly chart shows a certain callback signal, indicating that there are still opportunities for short sellers in the short term. However, given the current geopolitical and macroeconomic uncertainties, the strength of short sellers may be limited.
TVC:GOLDLong
by David_strategy
1
SasanSeifi| Key Levels to Watch in the 4-Hour TimeframeHey there, ✌ In the 4-hour timeframe, as observed on the chart OANDA:XAUUSD , gold's price has seen a minor rise after reaching the $2,600 level and is currently trading around $2,657. In the short-term outlook, one possible scenario is that after encountering the $2,668 supply zone, the price may enter a consolidation phase, with a slight pullback toward the $2,650 and $2,646 levels. If we receive the necessary confirmation signals at this stage, we could potentially see a price rebound and continuation of the upward trend. To maintain this upward momentum, holding the support levels between $2,646 and $2,640 is crucial. In case of further correction, it’s essential to monitor the price’s reaction to these support zones. If the price finds support at these levels, a new upward move towards the mentioned targets could start. However, if these supports fail, there is a possibility of prolonged consolidation or even a further price decline. On the other hand, if sufficient buying pressure emerges and the price manages to stabilize above $2,670 and $2,675, the chances of further growth towards targets like $2,700, $2,710, and $2,720 will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
OANDA:XAUUSD
by SasanSeifi
4
Buy XAUUSD at a low level. Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours. Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure. Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent. Trading Plan: Buy Zone: 2711-2708 Take Profit: 2725-2740 Stop Loss: 2700 For those unfamiliar with trading, please stay updated on real-time trading strategies. CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by George_parse
1
10.24 Gold fluctuates upwardThe price of gold fell below the moving average and now began to fluctuate. The upper side was originally at 2755, and the lower support was at 2713. You can buy low and sell high. Yesterday evening, the price fell quickly and found the support of 2713. When the price of gold retreated, you can buy on dips. In terms of the day, the sharp drop in the rise can be alleviated, but whether it can change direction depends on the continuation. Only if the sharp drop continues can it be the top. The focus is on how many bulls are above 2740. Only if the price rises in a cycle in the morning, it fell back twice in the early morning yesterday, and the watershed was 2709. Today's data: Number of initial jobless claims in the United States as of October 19 (10,000 people) Today's focus is whether the daily line will be negative or positive when it fluctuates. In terms of rhythm, the European session is still the focus. If we look at the continued retreat, then pay attention to the watershed 2735, which is the empty point. Remember, once the watershed continues to break, then this high point will be formed in the short term, and there will be opportunities for the mid-term in the future. But no matter what, there is definitely not much room for bulls above the risk area, and it is not recommended to make a layout. Resistance level 2735 Support level 2715
TVC:GOLDLong
by David_strategy
1
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CAPITALCOM:GOLD
by Thief_Trader
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase. Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS. As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance. After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line. Price is currently trading between an internal low and a fractal high. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
10.23 Will gold turn around? Bearish view 2760In the early Asian session on Wednesday (October 23), spot gold fluctuated narrowly at a high level and is currently trading around $2,750.98 per ounce. Gold climbed 1% on Tuesday, shaking off the impact of a strong dollar and U.S. bond yields, reaching a high of $2,748.87 per ounce, setting a new record high again, closing at $2,748.86 per ounce, as the uncertainty of the U.S. election and the war in the Middle East stimulated safe-haven demand, and expectations of further monetary easing magnified the rise in gold prices. Yesterday, gold did not continue to adjust. It broke through 2740 and is currently running at 2745. Obviously, the single-day high and fall did not cooperate with the next day's big Yin, and the short-term has not yet peaked. Yesterday's closing was barefoot Yang, suggesting that there is still inertia to rush up, so the upper track 2765 pressure will be tested again. There is no need to chase more at this time. The follow-up rise of silver and oil suggests that gold is close to the stage of adjustment. There are not many fundamental data recently. Even if there is before the election, it is fake. At the same time, the US dollar, gold, and US stocks are all rising at the same time. Obviously, it is peaceful. In fact, the biggest news is the BRICS meeting. This is a step to whether the payment system can abolish the US dollar settlement. Of course, at this time, the US dollar remains strong in order to compete for the status of international capital settlement. Therefore, there is no shock decline after the interest rate cut, but it has risen strongly since the interest rate cut. There are election reasons and suspicions of manipulation behind the scenes. I have always said that no matter who is elected, the US dollar must remain strong to cater to the essence of plundering global wealth. The two sides are talking about topics again, just for the election, but whoever is elected will remain essentially unchanged, so it is rare for gold to follow the strength of the US dollar at this time, so there is no need to chase the rise. Resistance: 2760---2765 Support: 2700---2650
TVC:GOLDShort
by David_strategy
1
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%. Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs. Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.
OANDA:XAUUSDLong
by OfficialKieranTrewick
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01. Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory." Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs. ⭐️Personal comments NOVA: After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2760 - $2762 SL $2767 TP1: $2750 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2730 ⭐️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
2