Gold Has Entered a New UptrendIn this trading idea, we'll explore a potentially profitable strategy for buying gold by utilizing a combination of technical analysis tools. We'll focus on key factors such as critical support levels, Fibonacci retracement levels, order blocks, and trend reversals.
Support Levels: We'll closely monitor important support levels on the gold chart. These levels often act as significant barriers for price movement. A break below these levels can indicate a potential trend reversal or a strong bearish sentiment.
Fibonacci Levels: Fibonacci retracement levels are essential for identifying potential reversal zones. We'll use Fibonacci analysis to pinpoint key levels where price may encounter resistance or support, offering valuable entry and exit points.
Order Blocks: Understanding order blocks is crucial for spotting areas where significant buying or selling activity has occurred. We'll identify these zones to anticipate potential reversals or trend continuations.
Trend Reversal: Recognizing signs of a trend reversal is vital for shorting gold effectively. We'll analyze various technical indicators and chart patterns to identify potential shifts in the trend direction.
By combining these elements in our analysis, we aim to provide you with a comprehensive trading strategy for buying gold that maximizes profit potential while minimizing risk. Keep a close eye on these factors and stay prepared for potential market moves. Remember to perform your due diligence and risk management before executing any trades
Goldtrade
💡 GOLDOZ: Sellers are now in a better position💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold
💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but failed.
💡Almost like an upside-down V-shaped reversal for H1 gold after the price first swept to the bottom and then pulled back up, forming a false break - creating a bear trap.
GOLD - after a day of crazy moves💯UPDATE YELLOW PLAN DAILY:
👉 Gold prices rose in Wednesday`s trading session due to continued conflict in the Middle East, while investors await US third quarter GDP data today and the personal consumption expenditures price index (PCE). ) of the US on Friday for more clues about the Fed's interest rate policy path. If interest rates are higher, it will increase the demand for holding gold. “Geopolitical concerns will not go away anytime soon, and this will continue to support gold prices,” said Mr. Bob Haberkorn, senior market strategist at RJO Futures. 👉 Higher dollar and US 10-year Treasury bond yields also limited the precious metal's rise. 👉 China Gold Association announced that China's gold consumption in the first three quarters of 2023 increased significantly by 7.32% year-on-year due to increased demand related to economic recovery. 👉In yesterday's plan, AE lost on a 50 pips sell bet, but instead he won on a 200 pips buy bet. I will prioritize buy orders today, AE
📌Today's trading plan:
🔽 Gold Entry Sales: 1992-1995
SL 1997
City 1984 – 1970 – 1962
🔼 Gold purchase entry: 1962 - 1960
Sula 1957
City 1970-1991-2019
Gold 🥇 is this the to sell ???Gold is moving in small triangle pattern and is on resistance zone so it still have a potential to go down from its zone or upper tredline..........so trade carefully and match your analysis with this chart too..........
If you fine this chart is useful so follow my page.....
One n only area 1987.80, need focus#GOLD... market have one n only area for upside breakage a d upside further ride.
It's only area we discussed in our perveious ideas that can change the scnerios of gold.
It can change and add fuel in gold prices,
Keep close it.
If market didnot hold it then you can see upside areas like 1997, 2007, 2017
Holding of this area means you can see again 1976, 1970 n 1965
Trade wisely
Good luck
Bullish on Gold FuturesHello everyone,
After breaking an important psychological level, and optimism of bonds higher, Gold seems poised for stability at current levels and may continue higher.
Being a classic 'safe haven' Investment, it's not surprising that currently investors will be looking to Gold.
Plenty of room for Intra-Day Traders to do well right now.
Happy Trading!
Gold Nears 5-Month High as Mid East Tension RisesGold is currently on the rise and is inching closer to a remarkable 5-month high, thanks to the escalating tensions in the Middle East.
As we all know, gold has always been a safe haven for investors during times of uncertainty and geopolitical unrest. With the recent developments in the Middle East, the demand for this precious metal is soaring, causing its value to skyrocket. This presents an incredible opportunity for traders like you to capitalize on this upward trend and potentially reap significant profits.
Now, you might be wondering, "How can I make the most of this golden opportunity?" Well, my friend, the answer lies in taking a long position on gold. By going long on gold, you are essentially betting that its value will continue to rise in the near future. Given the ongoing tensions in the Middle East, this seems like a highly favorable strategy to adopt.
So, let's seize this chance together and make the most of the current market conditions. I encourage you to consider going long on gold and take full advantage of the potential gains that lie ahead.
Remember, timing is everything in the world of trading, and this could be the perfect moment to dive into the gold market. Don't let this opportunity slip through your fingers! Take action today and position yourself for success.
If you have any questions or need further assistance, please don't hesitate to comment below.
Gold after a day of sideways movement, will the new trend change. Yesterday, the market produced a doji-shaped candle at bar D1 with a short candle body and his two long candle shadows. We've seen some very intense battles between buyers and sellers. In the past two days, the gold price has reached the major selling threshold from 1978 to 1980, and if the price breaks through this threshold, it will be very dangerous. , retesting over $2000 is very easy. However, we will continue to focus on selling the 193x and 1900.
. In the H4 framework, prices fell to 23.6% of FIBO, the 1954 price range, but then recovered in the short term. Currently, in the h4 frame, the price is still in a downward accumulation channel as there is no new news coming in to move the price. Since it is not new, I will focus on selling up to 193x1900.
👉 See ACE strategy:
Gold sale 1976.XX SL 50 TP 50 100PIP
GOLD (XAUUSD): Multiple Time Frame Analysis & Trading Plan 🥇
Gold closed, respecting a key horizontal daily resistance.
Analyzing a 4H time frame, I have spotted a rising wedge pattern.
Its support breakout can be an important sign of strength of the sellers.
Candle close below may initiate a correctional movement on the market.
Bearish movement will be anticipated to 1954 then.
Alternatively, a bullish breakout of the underlined red structure on a daily
will trigger a further bullish continuation.
❤️Please, support my work with like, thank you!❤️
💡XAUUSD: Ability to recover after a slight decline💡At the end of yesterday's trading session, the price of gold experienced a slight decrease, putting an end to the impressive surge that took it close to $2,000 per ounce in the previous week, while the ongoing tensions in the Middle East show no signs of abating.
💡According to David Meger, the Director of Metal Trading at High Ridge Futures, the demand for safe-haven assets may continue to push gold prices higher after a brief period of decline. He expressed the belief that political instability and unrest in the Middle East will likely keep driving gold prices upwards.
💡 Meger also added, "If inflation data exceeds expectations, it could raise concerns about interest rate hikes, which may subsequently lead to an increase in the demand for safe-haven assets."
(XAUUSD) Short Sell Gold After nearly hitting the low for the year, price made a bearish reversal and gapped up from the 1835 area. In October it peaked at the ceiling level and is most likely to decrease until December then after.
*I am not a financial advisor, and the information provided here is for informational purposes only. Any financial decisions you make should be based on your individual financial situation and goals. It is important to consult with a qualified financial advisor or professional who can provide you with personalized advice tailored to your specific circumstances. Additionally, please be aware that financial laws and regulations may change over time, so always ensure you are up to date with the latest information and consult with a professional before making any significant financial decisions.*
Gold pulls back from the moderate resistance levelHello traders, in my previous Gold analysis I mentioned that
Gold will pullback from the 1985 zone. As you can see, price
reached 1955 today. So, if you followed my idea,
you definitely made 300 pips.
Currently, in the daily chart, Gold we are seeing a couple of bearish
candlesticks. If the zone that I have highlighted in my chart continues to hold,
then you can expect a pullback in Gold to 1910.
XAUUSD 15min chart for 26th Oct analysisGold looks bullish to me, I can see a consolidation in the 15min, If price should trade down to the box grayed out, within the london open time, and I see a setup to go long. This will be my standing on XAUUSD. It is quite bullish. However, this isn't a trade advice, DYOR
GOLD 2 POSSIBLE BULLISH TRADESHello traders here are 2 scenarios that i will be watching for tomorrow
the bias for gold is still bullish due to middle east situation , and the trend is bullish so you should be looking for buys.
the question is where ? : zone 1 Trendline + green area we might see a bullish continuation from there .
zone 2 : the golden zone which is also a key level that turned from resistance to support (Most Trusted then zone 1 )
other bullish clues : Daily candle closed as A Hammer .
the news tommorow can effect the situation stay vigilant
CTFC Gold Report Reveals Hedge Funds' Gold Rush - Time to Long GThe latest CTFC Gold Report has just been released, and it reveals an astonishing trend that is sure to make your trading instincts tingle with excitement.
Are you ready for it? Well, here it is: Hedge funds are piling into gold like never before! Yes, you read that right! The smart money is flowing into the precious metal, and it's time for us to ride this golden wave together.
This remarkable report showcases a significant increase in hedge funds' positions in gold, indicating a strong and confident sentiment towards this precious metal. These seasoned traders, renowned for their strategic moves, have recognized the immense potential gold holds, and they are positioning themselves accordingly. It's a clear sign that we should pay attention and take advantage of this golden opportunity.
Now, you might be wondering, "Why should I care about hedge funds' interest in gold?" Well, my fellow traders, their actions often set the tone for market trends and can significantly impact the price of gold. By aligning ourselves with their positions, we can position ourselves for potentially lucrative gains.
So, what's the call-to-action here? It's simple: it's time to long gold! With hedge funds leading the way, we have a unique opportunity to ride the momentum and benefit from their extensive research and analysis. By joining them in their gold rush, we can increase our chances of reaping substantial profits.
But remember, success in trading requires careful consideration and strategic planning. Before jumping in, it's crucial to conduct your own research, analyze market conditions, and evaluate your risk tolerance. By doing so, you can make informed decisions and maximize your chances of success.
Don't miss out on this incredible opportunity to ride the wave of hedge funds' interest in gold. The time is now, and we're here to support you every step of the way.
XAUUSD:20/10 Today’s Trading StrategyDuring the Asian trading session on Monday, gold opened at 1964.81 after opening sharply lower at about $15. Last Friday, gold prices closed at 1980.24. However, the rebound in gold prices was blocked after a sharp gap and opened low, hitting a low of 1964.23. Regarding the trend of the gold market, we can see that the price of gold fell significantly in Monday's trading. This decline is related to concerns about the global economic recovery and declining investor demand for safe-haven assets. In addition, the recent uncertainty of the domestic political situation in the United States has also had a certain impact on the trend of gold.
Gold opened lower today and showed a downward trend, stabilizing and fluctuating after hitting $1,964. A small Yang line with an upper shadow line appeared at the daily level, and gold broke through upward for five consecutive days, starting a new upward trend. Gold is looking for support after today's lower open.
From a four-hour perspective, gold is currently running in a strong upward channel. After breaking through the high of $1964 for the first time last Wednesday, gold experienced a correction and subsequently broke through to the high of 1997. The original resistance level was converted into a support level. The starting point below 1950 is also a relatively strong support level. Therefore, in terms of intraday operations, it is recommended to consider placing long orders as the main option during the retracement and short orders as the supplement. At the bottom, we need to pay attention to the support level of 1964-1950. If the stop loss of 1964 breaks downward, then the bottom can continue to increase near 1950. The top needs to pay attention to the break of 1997. If this position is broken, then 2000 will definitely form a short-term support, and it will continue to rise. Break through the 2020 position.
SELL:1982-1984
SL:1889
TP1:1976
TP2:1970
BUY:1964-1966
SL:1960
TP1:1972
TP2:1978
Time for a pullback to 1910 in Gold?Hello traders, in my previous Gold analysis I mentioned that
Gold will certainly reach at least 1985. Back then Gold was at 1955.
So, if you followed my idea, you definitely made 300-400 pips
when Gold reached 1997.
Currently, Gold has pulled back a little from its highs. If the zone
that I have highlighted in my chart continues to hold, then you
can expect a pullback in Gold to 1910. So, watch out for bearish
price action in the 1995 zone and sell with a target of 1910.
finally at his final supporting area, DONT BE LAZY HERE#GOLD... now market is at his one of the most important and final hope for buyers 1965
keep close this area because if market hold it then only case can creat again buying pressure or if market break and clear this area then our most awaiting area is coming 1940 around..
keep close this area and dont short until market hold it..
trade wisely
good luck
💡XAUUSD: Forecast for the beginning of the week❤️ Hello everyone, hope you have a nice weekend
💡 As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets
💡 However, in a recent note, Fitch Solutions predicted that gold prices will average 1,950 USD/ounce this year. In addition to geopolitical uncertainty, gold is also supported “as fears of another Fed rate hike in 2023 ease.”
📌Trading strategy for tomorrow:
↗️If Gold turns around when it touches the 1974 - 1975 zone, we will buy in 1979 - 1980
↘️ If Gold breaks the 1974 - 1975 zone, we will sell at 1972 - 1970
‼️ Don't forget to setup Stop Loss to be safe ‼️