Get started

Goldsignal

Gold Analysis==>>Ready to PumpToday, on October 10, 2024 , key U.S. economic data were released, including Core CPI m/m , CPI m/m , CPI y/y , and Unemployment Claims . These reports provide insights into inflation and the labor market, which have significant implications for financial markets, including gold. Impact of Today’s Parameters on Gold : Core CPI m/m : Increased by 0.3%, indicating persistent inflationary pressures. This could prompt the Fed to maintain high interest rates, which generally puts downward pressure on gold prices. CPI m/m and CPI y/y : Both show easing inflation, which might reduce expectations of aggressive rate hikes, benefiting gold, as lower interest rates reduce the opportunity cost of holding non-yielding assets like gold. Unemployment Claims : Rose to 258,000, signaling weakness in the labor market, which could increase demand for safe-haven assets like gold. Overall Impact : Easing inflation and rising unemployment support gold prices, but persistent inflation could lead the Fed to keep interest rates high, limiting gold’s upward potential. Now, let's go to the Technical Analysis of the Gold chart in the 1-hour time frame . First, I must say that Gold moved very well according to the previous analysis ✅. Gold ( OANDA:XAUUSD ) is moving near the Descending Channel's upper line and the Resistance zone($2,640-$2,620) . I expect Gold to break the Resistance zone($2,640-$2,620) after breaking the descending channel and rise to at least $2,640 . ⚠️Note: If gold goes below the Potential Reversal Zone(PRZ), there is a possibility of breaking the Support line and the Support zone($2,600-$2,580).⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
5
Gold Analysis==>>Symmetrical TriangleGold seems to have succeeded in breaking the Uptrend line and has also formed a Symmetrical Triangle pattern . According to the Elliott wave theory , Gold has succeeded in completing the main 5th wave . I expect Gold to at least fall to the Support zone($2,600-$2,580) after breaking the lower line of the symmetrical triangle . ⚠️Note: Tensions in the Middle East can directly affect the trend of Gold, so pay more attention to capital management.⚠️ Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
9
Gold Spot (XAU/USD): Bulls Target Higher Groundshello guys. most important points: Weak Quasimodo (QM) Resistance: The price hit a weak QM resistance of around 2,655 but failed to drop significantly. This shows the bears don’t have much power here, making it a softer resistance level. Liquidity Grab & Reversal: We can clearly see a liquidity grab below the previous lows, where the market wicked down to trigger stop-losses of buyers. After this, the price reversed sharply, which is a common signal of strong buyer interest. Support at Quasimodo Line (QML): The price touched the QML support level at 2,640 almost perfectly, respecting this key level. This sharp reaction suggests that this area is acting as a firm base for the next bullish leg. Bullish Momentum Building: After hunting the stops, the price started a steady climb. Buyers are starting to step in with confidence, and the momentum looks bullish. Target in Sight: With the current momentum, the price is likely to test the next target level around 2,679, as indicated by the arrow pointing upward. If buyers maintain control, this level will be the next resistance zone. Conclusion: Bullish Bias: After grabbing liquidity, the market seems ready to move upward. As long as the 2,640 QML holds, bulls are likely to push toward the 2,679 target. What to Watch: Look for continued support above the QML area and any signs of exhaustion near 2,679, which could signal another reversal or continuation pattern. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and
OANDA:XAUUSDLong
by melikatrader94
11
What will happen given the tensions?The price is in an ascending triangle and an upward channel, and with the tensions, this will cause us to touch the previous price ceiling again. As tensions rise in the Middle East, TVC:USOIL and CAPITALCOM:GOLD prices will rise. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
1
Gold Roadmap!!!Gold started to increase after the tension between Lebanon and Israel , and maybe the price of Gold increased more than expected , so that it even went a little higher than the important resistance line, bu t this increase was in the form of a fake break . Gold is currently moving towards the Support zone($2,600-$2,580) and breaking the Uptrend line . According to the Elliott wave theory , Gold seems to have used an Ending Expanding Diagona l to complete the main wave 5 . The Ending Expanding Diagonal usually comes at the end of wave 5 . Also, Regular Divergence (RD-) between Consecutive Peaks . I expect Gold to continue to fall in the coming hours and days after breaking the Uptrend line , at least to the Support line , and I expect this fall to be even more. Of course, the conditions of the Middle East can change the direction of gold movement at any moment. Gold Analyze ( XAUUSD ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
5
DeGRAM | GOLD correction from a psychological levelGOLD is moving near the upper boundary of the ascending channel above the trend lines. The price is under the level of $2640 and every subsequent range of $10 is moving slower and slower, while the next target is the important psychological level of $2650. We expect a correction after a retest of the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDShort
by DeGRAM
5
Gold is moving from an upward phase to a correction phase!!!It has completed 5 ascending waves and considering that the price has reached the ceiling of the channel, we can expect price correction from this point. Previous Analysis ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDShort
by CobraVanguard
3