GOLDgold analysis
Time frame 4 hours
Support and resistance areas are clearly visible on the chart.
If we see the confirmation within 15 minutes, we can look for a selling position
Goldsell
10.27 Weekend Summary: Gold Wins BigIn last week's gold profit plan, the brothers of the team showed their professional strength. They perfectly predicted the trend of gold in every gold transaction, which made the profit plan for members perfectly completed last week. The total profit was 55K+ USD. Thanks again to the brothers of the team for their efforts and the trust of the members. Finally, I wish you all a happy weekend.
Xauusd sell confirm signal weekly chart Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum.
From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders pattern on short-term charts. The neckline support of the said pattern is pegged near the $2,705 region, which should now act as an immediate strong support. Some follow-through selling, leading to a subsequent fall below the $2,700 mark, should pave the way for deeper losses and drag the Gold price further towards the $2,675 support. The downfall could extend further towards the bearish pattern target near the $2,660 area.
Gold now sell 2747
Support 2715
Support 1701
Resistance 2757
Short gold bravelyBros, I have been optimistic about shorting gold in the past two days. Today, I shorted gold near 2730 and closed the order at 2720, making a profit of 100 pips, which is relatively a good profit.
At present, gold has rebounded to around 2730 again, but judging from the strength of the rebound, it is expected that the rebound space of gold will be relatively limited, and the short-term resistance is in the 2730-2735 area. So for short-term trading, I am still optimistic about shorting gold. I think gold will at least try to test the 2705-2700 area.
Bros, fuck the bull market, let's sell gold happily together!
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
GOLD - Risky short !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we have a pattern, we have regular divergence and price broke structure, then retraces to fill the imbalance, now I expect bearish price action.
Like, comment and subscribe to be in touch with my content!
Sell gold again in the 2740-2750 areaBros, yesterday, gold retreated and once fell below 2710, laying a good foundation for the decline. Although gold has rebounded to around 2740 again, compared with the previous period, the attitude of gold rising is not firm, so relatively speaking, the current gold short position is more attractive.
The current rebound of gold may be a trap set to trap more bulls, so I am definitely not willing to go long on gold at present; from the technical structure, gold has signs of building a head and shoulders top in the short term. So in terms of short-term trading, I prefer to short gold. So now we can short gold in batches again in the 2740-2750 area.
Bros, are you optimistic about shorting gold?
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.
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
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
Gold Confirm SellGold price retreats from the all-time-high it set near $2,560 earlier in the day and trades slightly below $2,720. Rising US Treasury bond yields and the unabated US Dollar (USD) strength makes it difficult for XAU/USD to hold its ground midweek.
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 .
In detail,
As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 .
PARAMETERS
- Entry: 2737.811
- SL: 2749.285
- TP: 2685.800
KEY NOTES
- XAUUSD price is showing exhaustion.
- XAUUSD broke our KL (Key Level).
- The bullish structure has been broken.
- Breaking above our SL would result in more upside.
Happy trading!
FxPocket
Xauusd sell signal On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average (SMA) on the 4-hour charts and should act as a strong base.
Gold price attracts some dip-buying on Wednesday and hits a fresh record peak in the last hour. Middle East tensions, US political uncertainty and easing monetary policy regime lend support.
Gold now sell 2754
Support 2737
Support 2729
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
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity.
As per our last mind, we were waiting for signs of exhaustion on XAUUSD . As we failed to break a new ATH today, we could consider this a “double top” as well.
In detail,
We failed to break a new ATH (All Time High) . We will most likely drop down to 2714 which is an important KL (Key Level) for us. If broken, we will see deeper pullbacks to 2696 or even revisiting our previous ATH at 2685 . Keep in mind if our KL at 2714 is not broken, we might consolidate between levels 2714 - 2740 .
PARAMETERS
- Entry: 2731.561
- SL: 2743
- TP: 2685.800
KEY NOTES
- XAUUSD failed to create a new high.
- XAUUSD price is showing slight exhaustion.
- Break below our KL (Key Level) could result in more downside.
- Failing to break our KL could result in some consolidation.
Happy trading!
FxPocket
10.22 Gold intraday short-term operation guideYesterday, we entered the US market at 2715 and entered the long position, making a profit of 18K.
Yesterday, in the technical points, as long as you are bullish, you can follow.
1. Cyclic rise in the morning, this is the case in the extremely strong market. Everyone is bullish, and basically there is no retracement. If there is a retracement, it will not rise.
2. The second rise in the afternoon, the retracement position is slightly larger, but the morning rise in the strong market, the afternoon is expected to continue, one is not to break the morning low watershed, but to continue to break the European market.
3. Rapid bottoming and rebound before the US market, and 6-8 points of big sun.
10.22 intraday analysis:
1. Daily cross, the probability of this top cross is very small, and the continuous sun is still rising.
The price has reached the 2740 risk area, but the shape is not enough, and there should be another high point.
2. In the strong market, the cross is seen, this is not the top, and the probability of today's shock is relatively high. It is still cyclical rising in the morning, and it is still expected to rise in the afternoon today, and it will fluctuate at a high level.
3. If you feel that the price is high, you dare not buy more. In fact, the acceleration is not enough. At least you need to force out the short positions.
In terms of operation, it is expected to fluctuate today.
Relying on the 2713 watershed, short-term long positions are expected during the day. Looking at the situation of the European session, the upper resistance is 2732-4.
Sell Gold in 2740-2750 areaGold has risen to around 2740 driven by geopolitical risks. Obviously, gold is currently in a clear bullish trend, but the more it gets to this point, the more dangerous it is. Gold is now completely out of the normal range of rise. We can see that gold does not give a big chance of callback at all now, just to make more people chase long gold at a high level. But chasing long gold in this way can easily get trapped at the top.
As for the top area of this round of gold's rise, I expect it to be in the 2740-2750 area. So after gold touches this area, gold may fall back at any time. So in short-term trading, we can start shorting gold in batches in the 2740-2750 area.
So, bros, while you are immersed in the enthusiasm of going long on gold, I am now shorting gold in batches! Let's look forward to the next results!
10.22 Gold hits new highs, near 2710, longOn Monday (October 21), gold prices rose for the fifth consecutive trading day to a record high, while silver prices hit their highest level in nearly 12 years, affected by factors such as uncertainty in the US election, continued tensions in the Middle East, and expectations of interest rate cuts by central banks.
Fundamental analysis: safe-haven demand supports gold prices
The current global instability, especially tensions in the Middle East, provides strong support for gold. As a traditional safe-haven asset, gold usually attracts a lot of buying when uncertainty increases, especially when geopolitical conflicts continue to ferment.
On the other hand, the market lacks the release of heavyweight economic data, and investors will pay attention to the speeches of several Fed policymakers this week. These speeches may have a significant impact on market expectations, especially in terms of monetary policy. If the Fed expresses its inclination to continue to maintain a tight policy, it may put pressure on gold prices. Conversely, any signs of easing will further push gold prices up.
The situation in the Middle East continues to ferment
Tensions between Israel and Iran are one of the main drivers of this round of gold price increases. The latest military action has further escalated the market's risk aversion. The US investigation into leaked documents has also added uncertainty. Gold naturally becomes a safe haven for investors in such an environment. In the short term, as long as geopolitical risks are not resolved, gold prices may remain high and volatile.
Federal Reserve Policy Expectations
With Fed policymakers about to speak, the market is closely watching their latest views on economic growth, inflation and monetary policy. Any hint of rate hikes or balance sheet reduction may change the market's expectations for future gold trends. Currently, gold prices remain high due to the interweaving of safe-haven demand and policy expectations.
Technical analysis: The risk of a correction is increasing
Gold bulls can break through the resistance level of $2,730, and gold prices are expected to test the psychological level of $2,750. $2,730 is currently a key watershed, and breaking through this level will greatly enhance gold's bullish sentiment and open up further room for growth.
BUY: 2,715 Target 2,730----40
There are more gold price trading opportunities in New York time
The gold price is mainly at 2728 as the first buying position, 2725 as the second buying position. 2720 is mainly the third buying position.
tp2740-2750. This target is expected to be reached in the New York market.
Gold Prices Surge to New Heights
The weekend news cycle has once again ignited tension in the market, leading to gold prices hitting a historic high of $2732 at Monday's open, followed by a sustained increase of approximately 10 basis points. This trend aligns with my forecasts, and I anticipate that both the London and New York markets will continue to rise in the coming days.
Looking ahead, gold prices are expected to reach new dimensions this week. In terms of trading strategy, I recommend employing a buy-low, sell-high approach, with particular attention to the critical levels of 2725 and 2712. Members utilizing rapid trading strategies should remain vigilant, as new strategies will soon be announced.
Xauusd sell Gold price scales higher for the fifth straight day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high, around the $2,732-2,733 region on the first day of a new week.
From a technical perspective, last week's sustained strength and close above the $2,700 mark could be seen as a fresh trigger for bullish traders. That said, the Relative Strength Index (RSI) on the daily chart has moved beyond the 70 mark, flashing slightly overbought conditions. This, in turn, makes it prudent to wait for some near-term consolidation or a modest pullback before positioning for an extension of the recent well-established uptrend.
Gold now sell 2733
Support 2723
Support 2718
10.21 Gold Asian session longs,Gold did not fall back too much after the Asian session opened, and continued to rise steadily. Then the downward correction of gold would not be too large. If the correction was too large, it would mean that the rise of gold had ended. If gold fell slightly in the early trading, you could continue to go long.
The 1-hour moving average of gold continued to diverge upward. Gold fell back to 2713 several times on Friday night and began to stop falling and rise. If gold fell back in the early trading, you could continue to go long first.
Gold bulls continue to be strong, so gold bulls have not ended yet. Without a rapid upward surge, gold bulls will not end. Gold falling means continuing to go long.
Gold Next week Analysis If the price breaks above the resistance level at 2,739, it could continue the bullish momentum.
However, if the price is rejected at that level, we may see a retracement back toward the support zone at 2,665, which could offer a potential buying opportunity.
