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Gold Prices Surge: A Golden Opportunity for Investors After a week of tug-of-war between bulls and bears, bullish forces have clearly outmatched bearish ones. Currently, after reaching a new high, gold prices have stabilized at the level of 2692. The ongoing geopolitical tensions show a certain degree of persistence. As a highly sought-after safe-haven asset, the rise in gold prices is merely a matter of time. After several hours of sideways consolidation, the gold market presents a new trading opportunity. Buying now is akin to picking up money; you just need to bend down. Recommended buying levels for gold are between 2690 and 2685, with a take profit target above 2703 and a stop loss at 2675. Investors interested in trading gold may find this information helpful.
TVC:GOLDLong
by George_parse
XAU ! 10/17 waiting for new ATH 2712XAU / USD trend forecast October 17, 2024 Gold price (XAU/USD) continued its upward trend and retested its all-time high on Wednesday, driven by expectations of rate cuts from major central banks. Markets have fully priced in a 25 basis points cut by the US Federal Reserve in November. Additionally, weak inflation data from Europe and the UK has strengthened expectations for more aggressive rate cuts by the ECB and BoE. This resulted in lower yields, supporting the non-yielding gold. Strong uptrend - H2 frame forms DOW theory for next new ATH opportunity: 2712 /// SELL XAU : zone 2712-2715 SL: 2720 TP: 50 - 100 - 300 pips (2685) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
6
GOLD DAILY UPDATESfast track wednesday, last night made 70-80pips almost? then this idea is a sell again. maybe the manipulation happens tomorrow or friday. to clear only the previous high? confirm only once 30minutes wicked candle body is below the previous high , this is just my observation base on distribution, so this thursday we have a new s. probably the GOLD react for manipulation. This is not a financial advice. this idea is for distribution. Follow for more. Daily charts might happen if awake. lol Thanks for always following me.. trade wisely. trade at your own risk. trade at your own understanding dont just follow, understand it.if this idea suits you then observe the market, ask yourself is this a good trade to take a risk? Gold is non-predictable price. we anticipate only fast once we know it. take it or leave it.
TVC:GOLDShort
by D1GITALTRADES
Gold on the Verge – Breakout to 2,705 or Drop Back to 2,673?Alright, folks, Gold (XAU/USD) is flirting with a breakout. If the bulls push it past 2,705, we could see some real upside momentum. But if it runs out of steam, we might dip back toward the 2,673-2,667 support zone for a reset. Key Levels: Resistance: 2,705 – A breakout here could spark a rally higher. Support: 2,673 – Bulls need to hold this line to avoid more downside. Fallback Zone: 2,667 – If this level cracks, we’re likely heading lower. Right now, we’re at a pivotal moment. Will buyers keep the momentum alive, or are we headed for a quick pullback? Keep a close eye on the next move—there’s opportunity on both sides. What do you think—are we breaking higher or taking a breather? Drop your thoughts, follow, and share if this helped you get prepped for the next move. Mindbloome trader Trade what you see
CAPITALCOM:GOLDLong
by Mindbloome-Trading
Clear gold buying price As mentioned yesterday, the upward trajectory of gold necessitates certain catalysts. Today, the influence of geopolitical factors has intensified, propelling gold to a peak of 2688. Concurrently, the latest U.S. initial jobless claims data was released, yielding a bearish impact that temporarily reduced gold prices to 2673, before a swift rebound brought them back to 2680. With the two primary news items now available, it's evident that bullish sentiment significantly outweighs bearish pressure, with substantial upside potential awaiting a breakout. The sustained appreciation of the U.S. dollar amidst geopolitical tensions further underscores the dual role of both gold and the dollar as safe-haven assets. Thus, until the geopolitical landscape stabilizes, a low-position buying strategy for gold remains prudent. Buy: 2670-2675 Sell: 2700 Profit margins should be managed according to individual risk tolerance.
OANDA:XAUUSDLong
by George_parse
Gold approaches historical highs, U.S. economic data becomes keyThe previous entity of the 4-hour cycle has been broken, and the gold price has been rising step by step, with new highs constantly, and it is necessary to take the previous high point in one round. The 4-hour operation is maintained above the moving average, and the trend is very healthy. In addition, from a structural point of view, the gold price first fell to the 2610 line, so the later stage is to break through the previous high, which is structurally a case of breaking without building. The daily line is still under double top suppression. If it falls under pressure, the double top pattern will gradually show its power, and gold will slowly weaken. Of course, there are data today. If gold directly breaks through the historical high, then gold will continue to rise. If it breaks through the historical high, then the decline will follow the trend and go long. If it does not break the historical high, then gold will continue to be short at highs below 2685 in the short term 1. The morning rise continues to test the 2685 high point without breaking, forming a morning force. 2. The current retracement, the watershed yesterday morning low of 2667, is also the stop loss position for long orders 3. The trend of the morning power is very important in the European session. It has been emphasized before that the earlier the European session breaks through, the greater the upward momentum. In addition, the more times the top is tested, the greater the probability of breaking, so if it goes up, it will break the high. At the same time, if this pattern continues to be long, we must pay attention to the European session. The price cannot go down the watershed. If it breaks, it will be volatile. Therefore, with the help of retracement, continue to be long, break the watershed loss, the upper target is 2688-90, break the European session, and the US session will look at the 2700 mark
TVC:GOLD
by David_strategy
1
Navigating Market Volatility: Strategies for Gold Trading In the New York market, profits from short positions near the recent high of $2,680 have been realized on two occasions. Similarly, profits from low buy orders have been observed. Currently, we find ourselves near the $2,675 level, where I have paused trading. Upon market opening, I anticipate a certain degree of downward movement, providing opportunities for gold price recovery. As mentioned previously, breaking through the recent highs requires greater momentum. Until this momentum materializes, I suggest maintaining a predominantly short position. Key factors to monitor include geopolitical developments and the release of initial jobless claims data in the U.S. this week, as well as any potential black swan events. Sell: $2,680 - $2,685 Buy: $2,660 - $2,665 Profit margins should be managed at your discretion. CAPITALCOM:GOLD OANDA:XAUUSD
CAPITALCOM:GOLDShort
by George_parse
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
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 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
SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold. Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses. ⭐️Personal comments NOVA: The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping TP1: $2642 TP2: $2650 TP3: $2655 🔥BUY GOLD zone: $2629 - $2627 SL $2622 TP1: $2635 TP2: $2642 TP3: $2650 🔥SELL GOLD zone: $2660 - $2662 SL $2667 TP1: $2650 TP2: $2640 TP3: $2630 ⭐️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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11
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
Technical analysis of gold 10.15 short-term operationOn October 15, in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $2,645.42 per ounce. Gold prices rose and fell on Monday. Although the geopolitical situation provided safe-haven buying support for gold earlier, gold prices once rose to a one-week high of $2,666.70 per ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. As expected, gold rose directly yesterday, reaching a high of 2,666. However, it soon fell back, and the daily line closed with an inverted hammer line. The 1-hour moving average of gold is still a bullish arrangement with a golden cross upward. Gold bulls still have strength to move upward. Gold has held on to the support above 2,643 twice after a high-level correction. It continues to buy on dips above 2,643 in the Asian session; but what needs to be noted today is that if gold fails to rise for a long time, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise, the possibility of reverse shorting cannot be ruled out. BUY: 2638 Target 2655--60 SELL: 2660 Target: 2645
TVC:GOLD
by David_strategy
Gold Price Analysis October 14Fundamental Analysis Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating geopolitical tensions in the Middle East also provided additional support for safe-haven bullion. Meanwhile, U.S. Treasury yields and the U.S. dollar (USD) remained elevated amid rising bets for a less aggressive easing policy from the U.S. central bank. This, coupled with a generally positive risk tone and optimism over China’s commitment to increase debt to revive its economy, could keep safe-haven bullion from gaining any further ground. This, in turn, warrants some caution for bullish traders and before positioning for any further upside amid a partial holiday in the US. Technical Analysis With the bank holiday, gold’s range bounds are unlikely to see a strong breakout. The 2665 high is seen as the top zone for today if the price fails to break above this zone by mid-European session. SELL entries can be established around the current price zone and the target level is expected to be around 264x-262x. The 2740 zone remains a strong and notable port zone for today.
OANDA:XAUUSD
by TVS-Trader
4