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Key resistance level coming up in Gold, potential sellHello traders, we are approaching a key level in Gold. Price is now within the moderate supply zone. The area between 1945-1952 would be the one to watch out for. In case of bearish price action in this level, traders can consider selling with 1880 as the target. Potential entry would be between 1945 to 1952. Keep in mind that if price breaks strongly through this zone, then we will see a continuation of the uptrend
OANDA:XAUUSDShort
by MarcellusLUX
18
Continue to profit from gold tradingToday I have given you two trading ideas, one is to short gold in the 1949-1951 area, and the other is to continue to short gold in the 1958-1960 area. After gold hit its highest level near 1962, gold fell directly to around 1938. Our gold short order made a perfect profit, and we also made a lot of profits. For the next gold trading, I think according to the technical analysis of gold charts, gold should start to fall. However, the current conflict in the geopolitical situation has led to a surge in market risk aversion, which has played an absolute supporting role for gold.Therefore, for the current market, we cannot rely entirely on technical analysis. We should combine market news to judge the direction of the gold market. If the geopolitical conflict escalates and spreads, then gold will definitely continue to rise, but if the geopolitical conflict eases slightly, then gold will completely return to its technical aspects. For the short term, we first focus on the support in the 1936-1934 area, and the upper side first focuses on the resistance near 1968-1970. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDLong
by Trader_Antonio
XAUUSD: 18/10 Today’s Trading StrategyFrom a general perspective, gold is undoubtedly still in an upward trend. Under the influence of the Palestinian-Israeli conflict, the market has also formed a strong V-shaped reversal, and the magnitude of the reversal has broken through the upper track of the downward channel. On the surface, this is A very strong upward structure, but since last Friday’s unilateral increase of more than 50 US dollars has consumed most of the demand, the shock and upward trend will continue in the short term. It is worth noting that the increase is close to the daily high line, and it is also in the previous band. The high point is parallel to the pressure point, so the focus of pulling up again is to pay attention to the strong pressure in the 1948-1950 range above in the early stage. Only after a breakthrough will a complete strong pull be formed, otherwise the price will fall back again to test the effectiveness of the support below. ! The current Asian market has begun to rise strongly, so it is no longer appropriate to chase higher in the short term. The 4-hour level of 1930 has become the first low point in the short term, and is currently oscillating upward to form a second low point. If the short term goes back again, it will be verified that the lower 1930 After the nearby support is effective, you can consider going long again and do the third stage of the rise, which is the triple top structure of the small-level shock trend. If the third stage of the rise happens to be blocked at 1948-1950, you may experience shocks. , then it will no longer be suitable for any chasing long transactions, and will even gradually go short. At that time, we will make a detailed analysis of the specific situation. Short-term trading will temporarily remain low and long above 1930, and the price will continue to rise. The upper focus will be on 1948- 1950 important pressure SELL:1945~1948 SL: 1952 TP1:1940 TP2:1934 BUY:1930~1933 SL:1926 TP1:1938 TP2:1944
OANDA:XAUUSDLong
by ActuaryJ
XAUUSD:16/10 Today’s Trading StrategyLooking at the 4-hour chart, the big positive line rose strongly in the 4 hours, and the trend was dominated by bulls; the stochastic indicator was in the golden cross state, mainly bullish signals; MACD double lines were upward, mainly bullish signals; but after the big positive line, the rise attenuated ; Therefore, after the big positive line, there will be short-term adjustments in the short-term during the day. Combined with the suppression position above and below 1935, the short-term will fall back; the strong support position for the fall is here 1900-1885; For intraday trading, look at the short-term suppression of 1935-1940; the suppression of the trend line can be suppressed to some extent; the lower support position in the short-term is 1920-1910-1900; it is recommended that the intraday line should be based on the range of 1900-1930, sell high and buy low; in the later period, On the whole, the suppression of breaking through 1935 is still a high probability. In today’s short-term operation of gold, it is recommended to mainly go long at low levels, and then consider rebounding and short at high levels; BUY:1906~1908 SL:1902 TP1:1913 TP2:1920 BUY:1895~1897 SL:1891 TP1:1905 TP2:1912
OANDA:XAUUSD
by ActuaryJ
XAUUSD:17/10 Today’s Trading StrategyInternational gold expanded and fell back on Monday to maintain a volatile trend. On Monday morning, the price of gold continued to fluctuate downward from the 1929 line. The gold price dropped to a low of 1908 and then fluctuated higher. During the U.S. session, the gold price reached a maximum of 1924 and then gradually stabilized and closed above 1919. The shadow line below the daily line ends with the long negative line. The current gold price stabilizes below the pressure level of the daily 200-day moving average. The overall daily moving average shows a narrowing shape and maintains a volatile trend. Judging from the shape of the 4-hour cycle chart, gold prices continue to be in a bullish upward trend stage with rising highs and lows. On the daily and 4-hour levels, gold prices have clearly deviated too far from the moving average, and there is a need for a correction. The price of gold has fluctuated and fallen from above the 1930 mark, and has now fallen below 1920. In the short term, we can look at the 1905-1908 support; Gold is currently maintaining a high level of shock on the 4-hour level, and the current price is temporarily under pressure in the 1925 area. The short-term moving average began to gradually turn around and diverge downward. In the short-term trend, there is a high probability that it will continue to maintain a high and volatile trend. The hourly level gold has now begun to fluctuate at a high level. The range is temporarily maintained in the range of 1907--1925. Before falling below 1900, the bulls will rise. The trend remains unchanged, and it is normal for the market to fluctuate after a sharp rise! The gold hourly line has a short-term negative decline, and the continuous negative downward trend indicates that gold cannot rise. This is an iron fact. In addition, the Palestinian-Israeli conflict has cooled down, and the downward trend of gold prices is inevitable. At the same time, it has been repeatedly emphasized that the K-line deviates far from the moving average, which is abnormal. , the gold price is currently approaching the 50 moving average, and continues to look downward. Today, the boundary between long and short strength continues to focus on the 1930 mark. The daily level has not broken through and stood at this position before continuing to maintain suppression and adjustment shocks. The intraday support focus on around 1905-1908 , the upper pressure area 1925-1930 SELL:1928-1930 SL:1936 TP1:1925 TP2:1920 TP3:1915 BUY:1903-1906 SL:1898 TP1:1910 TP2:1915
OANDA:XAUUSD
by ActuaryJ
XAUUSD Possible tradesHi Guys I'm back with Analysis on Gold this time. Last Friday gold touched major supply zone around 1930 and started selling off. It was a perfect opportunity since we had a supply area + trendline, a perfect confluence. Now we could wait for the area to be tested second time and upon reaching there make sure you get the confirmation in lower time frames. Below the current market price we have multiple areas of demand which the immediate one is 1907 that has been tested once on last Friday and this could be the second time. Again make sure you check for the confirmation in lower time frames. Beneath our immediate demand level there are other demand zones which you could take trades should price reach there. Just like always I'll try to keep it simple. Be honorable
OANDA:XAUUSD
by AliHassanzadeh
2
$GOLD Index - Q3/2023 *3M (Quarterly) Looking at TVC:GOLD on the 3M(Monthly) Tf(Time-frame) from an investor perspective view of positioning; (long-term investing on the yellow stone) we can see it sitting at no men's land at the current price, as well Changing Character and Breaking Market Structer (Lower Low) in price action ; (Lows of Q2) Despite its Bearish Price Action on *3M , States and Central Banks around the World have continued accumulating, spreading wide their balance sheets in-to TVC:GOLD Reserves . And so have done many another States, including 2 out of three Global Superpowers of China ECONOMICS:CNGRES and Russia ECONOMICS:RUGRES
TVC:GOLD
by Mr_J__fx
2
Gold H4 - Breakout and Retest at 1938 ResistanceIn the dynamic world of trading, spotting key price levels and breakouts can lead to profitable opportunities. We've observed a notable event on the H4 (4-hour) chart of Gold: a strong resistance breakout followed by a price test at the 1938 level. Let's keep it simple and explore this setup. Chart Setup: Asset: Gold Timeframe: 4-Hour (H4) Event: Resistance Breakout and Retest Key Observation: The H4 chart for Gold shows a recent resistance breakout, and the price has tested the significant 1938 level. Trading Idea: Here's a straightforward trading idea based on this setup: Entry: Consider entering a long position if Gold convincingly breaks and closes above the 1938 resistance level. This breakout could signal further upward momentum. Stop Loss: To manage risk, place a stop-loss order just below the breakout point, providing a buffer for potential price fluctuations. Take Profit: Set a take-profit level at your desired target. Given the 1938 resistance breakout, you may consider setting your initial target based on your risk-reward ratio and market conditions. Risk Management: Always prioritize risk management by calculating your position size to align with your risk tolerance. Adjust your stop-loss and take-profit levels accordingly. Final Thoughts: As of the time this post was written, Gold is testing the 1938 level after a resistance breakout. Markets can be unpredictable, so proceed with caution and maintain a disciplined approach to trading. Wishing you successful trades! 📈💰
OANDA:XAUUSD
by TradeGeniusPro
Gold will continue to rise as the war continuesThe market's fluctuation range after yesterday, October 16, seems to be a sideways wave and a slight recovery to the 1900 area to wait for the next trend of the war situation. You can consider buying and selling support and resistance areas according to technical analysis. ✅✅Supports to note: 👉1910-1908: Thin support during the day, you can consider BUY upside if the price model should press up above M5 and M15 corresponding to the volume in the area and RSI around 30 pouring down. But I think this area is likely to only be able to take wave 1, then the possibility of breaking to the lower support area is higher. 👉1903-1901: The most important support today, you need to pay attention to to be able to BUY. Note that you should consider the M15 frame. ✅✅Resistance areas to note: 👉1922-1924: If the resistance rises again, you should just surf, not hold 👉1934-1934: key resistance for the Break out direction. However, according to my personal assessment, you must pay close attention to this area. If the candlestick presses up, you should ignore it and go with a small volume for BUY, which is better because if you go back up to the area, At this point, the market may have an upswing. After going up or down again, you must use Trailing stop to handle it safely. 💞💞WISH EVERYONE A PROSPER TRADING!!! 📌 THERE IS A LOT OF NEWS TODAY, ATTENTION AT 7:30 PM THERE IS NEWS RELATED TO USD 💵 📌 The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons. The gold holdings of SPDR Gold Trust, the world's largest gold ETF, decreased by 6.92 tons from the previous day and the current holdings are 855.45 tons 💵
TVC:GOLDLong
by TheLeader_WOLF
Gold - today may decrease slightly before growing- The correct purchase price was determined at yesterday's meeting... - Today's session is bullish... 🔴Yesterday, bar D1 had a doge candlestick market and H1 created a small triangle pattern indicating the end of the downward correction wave. In this morning's Asian session, gold is up by a massive 194x, with further upside potential. 🔴 "The Palestinian-Israeli conflict is not over yet" At 6am this morning, Israel attacked a hospital in the Gaza Strip, causing many casualties. The war situation here is currently very tense, and as a result, the price of gold is skyrocketing. 🔴Despite the good news on retail sales, the US 10-year index and USD index both rose. However, gold prices are still rising without falling, showing strong and steady upward momentum.
TVC:GOLDShort
by TheLeader_WOLF
XAUUSD:11/10 Today’s Trading StrategyGold opened higher yesterday and moved higher. The daily line closed the solid positive line. The K-line stabilized and the 10-day moving average rose. The 5-day moving average turned upward. In the short term, gold has strong upward momentum and is expected to rise further today. Focus on the 1873 first-line resistance level above. Overall, gold opened higher and moved higher. The current rebound at the daily level is a rebound correction of the previous downward trend. This time gold stopped falling and rebounded at 1810 to cooperate with the news. Sustainability is a problem. From a technical point of view, there is no trend change. From the perspective of wave structure, It is still in an upward C wave 4 rebound trend at 1810, followed by a downward wave of 5 waves. Monday morning's higher opening left a gap that has yet to be filled. Generally speaking, the gap in gold will be covered on the same day, no more than three trading days at the latest, and it is rare that it will not be covered. Today we continue to pay attention to the pressured decline after the rebound to cover the gap. In addition, even if the current trend of gold reverses, there will be a second bottom move. Looking at the 1-hour chart, gold opened higher on Monday and rebounded after hitting 1844. This level has become a watershed for bulls today. As the bulls continue to ferment, the resistance above will become heavier today. The price currently touches the daily resistance position, which is also the price After the first correction to the daily resistance, we need to pay attention to the further pressure on the market to fall. In addition, the gap below has not yet been filled. At the same time, the price shows a divergence phenomenon on the hour, so we can consider shorting near 1867, and focus on the 1845-1835 area below. After the price completely covers the gap, we will re-analyze to see whether it will continue to be under pressure or correct again. On the whole, today's short-term gold operation ideas suggest that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the 1867-1870 first-line resistance, and the bottom short-term focus is on the 1843-1845 first-line support; SELL:around 1867~1870 SL:1875 TP1:1860 TP2:1855 BUY:1843-1846 SL:1837 TP1:1851 TP2:1856
OANDA:XAUUSD
by ActuaryJ
XAUUSD:12/10 Today’s Trading StrategyJudging from the market, after the Asian market fell slightly on the previous trading day, the European and American markets continued to rise. After touching the 1877 line, the rise briefly stagnated, and after closing at the high level, it remained at the 1875 line. After that, the entire upward movement this week showed a step-like upward movement. After each round of breaking high, there was a retracement action. After sufficient retracement correction, a new upward attack action was launched. Therefore, the subsequent layout should focus on the correction after the upward attack. In the day trading, it is recommended to pay attention to the two support points of 1871 and 1868 as the starting point, and carry out the buy operation. The price of gold continues to remain high, setting new highs continuously without any expected correction. Gold prices are challenging the 1880 mark. Judging from the shape and market popularity, 1880 may put some pressure on this rise, but it may be difficult to suppress the current rise. Therefore, it is recommended to enter long positions when gold prices approach 1870. One last thing to note is that 1880 is a suppression point. This position is the suppression point of the early rebound and the starting point of the decline. If the current rebound reaches this position, it may be under pressure. On the whole, it is expected that the price of gold will continue to rise after a slight decline during the day, testing the pressure level of 1880 for the first time. The bottom focuses on the 1865 support, and the top focuses on the 1880-1900 resistance; comprehensively, today's short-term operation of gold recommends going long after the correction, and then shorting at high levels. The top focuses on the 1884-1890 resistance in the short term, and the bottom focuses on 1865-1863 in the short term. support; BUY:1867-1870 SL:1862 TP1:1875 TP2:1880
OANDA:XAUUSD
by ActuaryJ
1
Silver I Potential upside Hello,Traders! . . . . . XAGUSD (Silver) is trading in a downtrend on the daily and sitting right below the 50 MA. After the recent decline and consecutive rejection at 20.73, price has been pushing upward in an impulse, correction phase. It is currently rejecting the 32% fib after the impulse rise from 21.77. All signs are pointing to more upside at the moment with a potential target to resistance 23.50 Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
FXOPEN:XAGUSDLong
by BKTradingAcademy
2
Midday update for GOLD 4H The gold price is facing noticeable negative pressure to attack the 1913 level, which requires attention in the upcoming trading, as continuing the decline and confirming the break of this level will stop the positive scenario suggested in the morning and put the price under negative pressure during the coming sessions, while the price needs to consolidate above 1913 to resume the bullish wave that is present. Its next major target was in 1926. Pivot Price: 1913 Resistance Price: 1926 & 1936 & 1947 Support price: 1908 & 1902 & 1893 The general trend expected for today: bullish The expected trading range for today is between support 1867 and Resistance 1947
TVC:GOLDLong
by Evar_Mayi
So market hold again his support 1909#GOLD... As we discussed in our last idea that 1914 and 1909 is supporting area and you can see market hold your supporting area and bounced back . Now in today retail sales and core retail sales on table from US. and technically same areas 1914 and 1909 if market hold this support them again you can see a bounce, Upside we have 1929, 1934 and 1946 47. Downside breakage below 1909 can leads you towards 8 to 10 points Trade wisely Good luck
FX:XAUUSD
by AdilHussain731333
GOLD XAUUSD Technical Analysis and Trade IdeaIn this video we undertake a comprehensive analysis of GOLD. XAUUSD has conspicuously exhibited a robust downtrend, notably observable on the weekly timeframe. It experienced a substantial selloff followed by a marked retracement to its initial point of origin. Given the magnitude of these price movements, we anticipate further market volatility. Within the video, we dissect a potential trading opportunity, providing an in-depth examination of the prevailing trend, price dynamics, market structure, and other crucial facets of technical analysis. It is essential to emphasize that all concepts and strategies are elucidated clearly in the video, yet it is imperative to underline that this should not be construed as financial counsel. Trading inherently carries a substantial degree of risk, underscoring the paramount importance of implementing a robust risk management strategy.
OANDA:XAUUSDShort
by fxtraderanthony
3