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How to trade gold if the Gaza war escalates?Where does gold go if the Gaza war escalates and are downside targets for gold pointless to think about right now? Perhaps it is prudent to think about some short-term retracements, but it does appear that the war will escalate or at least tensions remain heightened for quite some time, which is bullish for gold. The latest event that could escalate the Gaza war is the blast at the Al-Ahli hospital in Gaza City that is said to have killed 500 people. Initially attributed to Israel, it is now looking more likely that it was caused by a rocket misfired from within Gaza. This was echo by U.S. President Joe Biden during his visit to Tel Aviv on Wednesday where he also pledged U.S. solidarity with Israel. Gold has already risen by more than $120 since the October 7th attack, and around $80 since last Friday. RSI is above the midpoint for most timeframes, but this indicator’s accuracy might be compromised considering the wider geopolitical context. $1,960 is the obvious upside target to be cleared, and then we might want to simply look at physiological levels rather than technical levels considering the unprecedented nature of the events that might be driving the gold price right now.
BLACKBULL:XAUUSD
by BlackBull_Markets
Gold Next Target: $1790.00? Check idea We have seen that the price has been going down continuously for the last several days, and yesterday gold reached $1820.00, which has pulled back a bit and is running up to $1826.00.   Our resistance is 1830 if it crosses it next.   Our resistance is 1835; we expect gold to bounce back from 1835 and come down; and our target is $1816, $1809, and $1790.00.   Apart from this, we also have news that will be released at 2 PM according to UK time, which can also affect the market, so keep watching the latest news, and our target is 1816, 1809, and 1790. We have resistance at 1830, 1835, and 1845, and also support at 1825, 1816, and 1809. We believe that if the market closes below 1816 and breaks the 1816 support, our next targets are 1809 and 1790.   If you like our analysis, then you can boost our posts. You can leave a comment in the comment section.   Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
2
See our analysis of what the next target for gold isHello everyone, We hope you guys are having a great weekend.   We have seen over the past several days that gold has been consistently down since 1947, when it was back, and has been consistently down, never going up.   When the market closed on Friday, gold was running at 1848, while 1846 is a very strong support.   We think that gold will pull back from here and go between 1874 and 1878 because 1879 is a very strong resistance.   Again, gold will come down, and our target is 1830. If you like our analysis, then you can boost our posts. You can leave a comment in the comment section. Good luck and best wishes to everyone.
OANDA:XAUUSD
by MsProTrading
7
$1,870 or $1,800 -> Which Direction for Gold?Gold has now hit a seven-month low at $1,830 just as the US government avoids a shutdown. Over the weekend, the U.S. Congress passed a stopgap funding bill. This means that important government information won't be delayed, and it won't make it harder for the Federal Reserve to decide what they might do with interest rates. Traders are starting to believe that interest rates will stay high for a long time, which is not good news for the precious metal market. Traders think there is a 55% chance that the Federal Reserve will keep interest rates between 5.25% and 5.50% this year, which might not be a great enough majority to convince gold traders to look for prices above $1,870 in the near term. However, Federal Governor Michelle Bowman mentioned yesterday that she's open to raising rates more if the data shows that inflation is not slowing down at a reasonable pace. Sentiment like this might keep gold above $1,800 for the time being though, and limit gold bears from overcommitting to a larger downfall. The next big data reports to affect the gold market will be this week's job openings data, private hiring numbers and nonfarm payrolls.
BLACKBULL:XAUUSD
by BlackBull_Markets
Short Position XAU/USD (1h Timeframe) Position: Short Entry Range: 1907.71 - 1906.00 Take Profit (TP): 1896.96 Stop Loss (SL): 1908.40 Analysis: Given the recent price action and technical indicators on the 1-hour timeframe, a potential shorting opportunity for XAU/USD has been identified. The pair seems to be exhibiting signs of a minor pullback, providing a short trading opportunity. Adding that the macro trend for gold remains bearish in the longer term, it's additional signal for SHORT. The chosen entry range has been selected based on recent resistance and potential trend reversal points. Always keep an eye on broader market news and potential geopolitical events that can influence gold prices. Ensure proper risk management and never risk more than a predetermined percentage of your portfolio on any single trade. Happy Trading!
FOREXCOM:XAUUSDShort
by Frenzy_Trader
XAUUSD Daily Analysis by @OfficialKieranTrewickXAUUSD Daily Analysis by @OfficialKieranTrewick The overall trend is still bullish, following the correct market structure such as consistent HHs and HLs. Following last week's slump through the 1900 barrier down into the lower 1800s price has now reached a key support and resistance level both on the dynamic front alongside horizontally holding strong previously and even creating a key order block pivot zone helping add to the defense that could be the precious metals key support area to provide that key pivotal market structure we are looking for. With the 50 EMA currently struggling to dip below the 200 on the daily timeframe showing a short-term bearish market sign being overpowered by the long-term bull market and the 200 trend carrier gold has then successfully completed a full quarter cycle in price with 25% sitting around 1820-28, 50% sitting around 1920 and 75% at 2040. If you ever heard the saying "Buy the Dip" best believe this is one of the best examples...We are talking about GOLD here, not JPY or AU sorry guys but you have been pretty volatile recently AU nearly going into a full-on recession. But with GOLD we pretty much know besides USD strength causing short-term weakness the metal will rise again and likely stronger than before. Dont get too attached on seeing it go down because you should be happy either way, we all still make money. It's when we get to attached on price going a certain direction we don't follow our systematic plan therefore leaving ourselves vulnerable to emotional decisions that can impact our trading.
PEPPERSTONE:XAUUSDLong
by OfficialKieranTrewick
XAU/USD | The Downtrend Continues - Time to Short!👋 Good day, traders! Let's consider two possible scenarios: 📉 After a prolonged uptrend on the W1 chart, XAU, being in the overbought zone and having broken its ascending trend, has been forming an "Uncertainty Triangle" pattern for the past few days. After breaking the support level at $1908.00, it's expected to actively move downwards towards the target levels of $1892.00, $1878.00, and $1858.00. I recommend considering sales from the aggressive level of $1900.00 and the conservative level of $1880.00 with a potential profit of 0.5-2.2%, SL ~$1920.00. ✅ Give a 👍 if you want more insightful and profitable trading ideas❗️ ❓ I'd love to hear your comments. What are your thoughts on this? DISCLAIMER: This idea is not a trading recommendation and is for informational and educational purposes only. Traders should analyze and make decisions based on this information independently.
OANDA:XAUUSDShort
by Maxim_Lushnikov
XAUUSD(GOLD): 28/09/2023: More fall for GOLD? Well, as you can see the price had a strong bearish movement according to my previous TA, and now there is a strong demand zone in front of the price that is a weekly bullish order block. This order block can push the price up for a short term but till the price is under a bearish order block I am on a sell side of the market. 💡Wait for the update! 🗓28/09/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
OANDA:XAUUSDShort
by VahidTradingCR
1