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GOLD today in long-term and short-term trendsGold Analysis October 24: Key Resistance Zones 2000 - Fundamental analysis: Gold enjoyed another week of impressive price increases between 1932 and 1997 due to risk aversion due to the escalation of the Israeli-Palestinian war. Approximately 6,000 people have died on both sides, and that number is likely to rise further in the near future. The United States believes that the actions of Iranian proxies are likely to escalate war in the Middle East. If Iranian proxies attack U.S. forces, the U.S. will likely respond. The United States is discussing with Israel how to achieve its military goals. It is predicted that this war could last three months Super Physical Gold Reserve Fund SPDR suddenly bought 15 tonnes of gold in a trade last Friday, making it the shark's largest purchase in 2023. Predicting a long-term upward trend in gold? Important news was announced to the market today. Trends in Israel will continue to attract attention. - Technical analysis: D1's trend has reversed from a decline to an increase after two weeks of significant price increases. . Idea of ​​the day: Wait until the sale ends . Yesterday, the market produced a pin bar candlestick at bar D1. The candle body was rising, but the long upper shadow indicated a downward pressure trend. According to reports, Hamas also released two Israeli hostages and set terms for a ceasefire. This is a good move to lower gold prices at the moment. The main strategy now is to sell for a profit of about 193x 1900. . The first half bar is expected to be a little worse for the US dollar as it gradually accumulates smaller amplitudes as we wait for news, especially the news that the Manufacturing PMI index was released in US trading today. As we've seen recently, the U.S. economy remains very strong with strong employment numbers, continued declines in unemployment claims, and a surge in retail sales. So tonight will be the next good news. for USD ****The short trend for the current market is: ☘ Yesterday the market showed signs of sellers jumping into the market when the price went up to the 1982-1983 range and was pushed down immediately. ☘ The closing price right at the 1972 zone is lower than the closing price of the previous days. The above signs show that the sellers are slightly higher than the buyers, but have not yet confirmed the bearish wave pattern. ☘ Today we will prioritize SELL more and wait for confirmation when the price breaks through the 1962-1963 zone to confirm a long-term decline. 🎍 Canh was sold in this region from 1987 to 1988 🌴 City: 1980-1970-1962 SL: 1995 🌴 Short-term purchase period in this region 1962-1963 🌴 City: 1970-1975-1980 SL: 1960
TVC:GOLDLong
by TheLeader_WOLF
GOLD ( XAUUSD ) Long Term SELLING Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
Gold will continue to rise after adjustment on Monday Gold will open next week and will continue to rise after a slight correction. As the Palestinian-Israeli conflict continues to ferment, we can see news from all parties at the weekend. We can wait for the opening price to adjust and buy. We are mainly bullish, but we cannot buy blindly. It is more reasonable to wait for the price adjustment. gold: buy1968-1972 tp1992-1997 If you need more analysis and trading signals, please join me. , I will update my thoughts based on real-time trends
FX:XAUUSDLong
by Krause_Philipp
Did gold just to choose to shoot up to $2.169?Gold like many other markets have been in difficult territory to trade well this year. We cannot predict but only probability predict. And with probabilities, things can change so quickly. I am currently long a couple of gold stocks as of last week, and it looks like the direction is right for now. And finally, the gold price is matching the drapes. We are seeing gold stocks head on up along with the precious metal which is bringing somewhat a positive correlation. If we look at the overall pattern, since March it's formed an unattractive Symmetrical Triangle. And now the price has broken above the triangle, choosing a direction - UP This is also coincidental as the world markets have broken down in their Sideways 1 year range. We can expect world markets to continue down, while gold is more likely to rally. Could it be the safe-haven status market we need right now for when things are down? With cryptomaniacs scared to invest based on what's happened over the last two years and with NFTs losing over 90% of their value. It could be the best market to invest in at the moment. Good old trustworthy boomer of an investment. 7>21>200 RSI>50 Target $2,169
COMEX:GC1!Long
by Timonrosso
placed a reasonable high, focused again 1982.50#GOLD.. market placed a reasonable high on friday and closed below hi resistance area. now 1982 is the that need your focus, keep close it and dont be lazy here, sofar no soft corner news from Israel side, but technically 1982.50 is key level for now, if market hold it in hour chart specially then drop expected towards again supporting zone from 1970 to 75 as first target and overall 1940 is the area that can test by market if Friday high hold. trade wisely good luck
FX:XAUUSD
by AdilHussain731333
XAUUSD:20/10 Today’s Trading StrategyGold opened in early trading and continued to rise. The high reached 1982. In the short term, it touched the previous high point in July. It was originally expected that this trend would be a rise and fall yesterday. The reason for the current rise and fall in this area is also based on the structure of this rise. I think It is close to starting the adjustment mode. On the market, the pressure on the early pressure retracement point of the 1990 area is obvious, so this area gradually begins to bear a bearish view. The short-term support point below focuses on the 1950-1960 range of yesterday's intensive trading area. The market once again returned to the early period of 1940 to 1985 area shocks. On Wednesday, there was a 2 billion large order in the 1962 area. After a roller coaster break, it showed that the bulls continued to rise after washing the market again. Then the top-bottom switch today's early trading 1962 is the long area. Of course, the pressure is now at 1985 To the 1990 area, if there is a breakthrough here, there is a high probability that the 2000 point will be touched. ​ Trading will be closed after Friday today, and there will be another two-day news vacuum period, which can push up risk aversion at any time. Gold and crude oil rose simultaneously in the middle of the night yesterday, indicating that the market's risk aversion is still there, so now there is a great risk in pursuing the long position in 1980. Today's short-term operation of gold will focus on the 1985-1987 first-line resistance in the upper part, and the 1960 first-line support in the lower part; BUY:1966~1964 SL:1960 TP1:1972 TP2:1976 SELL:1984~1986 SL:1990 TP1:1976 TP2:1972
OANDA:XAUUSDShort
by ActuaryJ
GOLD XAUUSD Technical Analysis and Trade IdeaIn this video, we present a comprehensive analysis of GOLD XAUUSD, with a primary focus on the prevailing bullish sentiment evident in higher timeframes. Notably, GOLD has recently approached a critical resistance level. The video's discourse covers essential elements of technical analysis, including but not limited to the current trend, dynamics of price action, the structural characteristics of the market, and various other fundamental aspects of technical analysis. As we progress through the latter part of the video, we take a closer look at a potential trading opportunity. It is important to emphasize that the content presented here is strictly intended for educational purposes and should not be misconstrued as financial advice. It is imperative to recognize that engaging in currency market trading carries a substantial degree of risk. Therefore, the prudent integration of risk management strategies into your trading plan is absolutely vital.
OANDA:XAUUSD
by fxtraderanthony
💡 XAUUSD: Increases sharply when economic information is mixed🔷 From last night into early morning this morning, the U.S. economy reported positive new jobless claims, but manufacturing indexes and business conditions worsened. Specifically, the number of new U.S. unemployment insurance claims last week was 199,000, lower than the previous week's 211,000 and also lower than expected by 212,000. The average number of applications for unemployment benefits over the past four weeks also fell from 206,750 to the current 205,750. 🔷 Along with the Manufacturing Business Index, the Philadelphia Fed also released data assessing the economic outlook for October, and the result was 9.2 points, down from 11.1 points in September. The data was lower than the previous month due to lower trading volumes in the US. Both the manufacturing index numbers and the poor economic outlook led to a sharp reversal in the US dollar, contributing to the rise in gold prices. Investors believe that in addition to risks arising from escalating geopolitical tensions in the Middle East, they are also concerned about worsening economic conditions in the United States, leading to a global economic downturn. So they increased their gold purchases to protect their cash flow.
OANDA:XAUUSDLong
by Stone_Haven
XAUUSD Timeframe: 1H Trade SignalXAUUSD Timeframe: 1H Trade Signal #Forex #XAUUSD #TechnicalAnalysis #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve #NASDAQ #USTECH Hey traders! 👋 Let's dive into a potential trading opportunity on the XAUUSD pair using technical analysis. 📊 📉 Previously Bearish Trend: Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the XAUUSD pair. 🐻 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Buy Level \ Entry Price: 1983 🎯 Stop Loss Level: 1971 🚀TP: 1995.7 🚀TP2: 2007.83 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #TradingwithBelieve
OANDA:XAUUSDLong
by TradingwithBelieve
2
Gold (GC11 Futures) Mid Term Analysis - SHORTLast week saw a lot of emotional buying of the market. While some short positions were not viable later in the week, there has now been a clear rejection from: 1) The higher zone mentioned prior: 2) The previous long term weekly H&S pattern mentioned back in August: In terms of current price action, it seems that an inverse H&S pattern is forming on the daily. We can also see that in terms of the RSI - with tweaked values more suited for long term analysis - that the price is EXTREMELY overbought. Note on the chart that historically - when using my specific settings - that there is a high probability for a reversal. In terms of the DXY, TECHNICALLY it is still BULLISH on the daily, and has been simply consolidating for the past few days. Please note this infographic: The probability for a move down for Gold seems more likely. There are two scenarios: 1) A retrace to the first minor zone around 1973.5 - 1967, based on the Fibonacci retracement of the recent daily impulsive move. The bottom point starting from the low of Monday 16th, and the high point being Friday 20th. 2) A retrace to the purple zone, starting at 1940.5, extending down to 1921. This is based on the Fibonacci retracement of the recent weekly wave up: . Scenario 2 seems more like of the two, as it would be a logical place for the final shoulder to form in line with this analysis. There are a variety of ways to approach an entry for this week: 1) Buy PUT options around this price. If you do not have access to this functionality because you are trading CFD's, look into using the broker "Avatrade". They feature short term options spanning a few days, and while they are as powerful as traditional options, it can shield you from some of the short term volatility. 2) Look for a breakout sell below the low of Fridays candle, that being 1983.7 on the Futures. 3) Look for to short the 0.618 retracement of Fridays candle. 4) Look to short near the top of Fridays wick, essentially forming a double top. 5) Wait for a confirmed flip of the 21 / 55 EMA's, and look for a short around a relevant pivot. I will be opting for approach 1, as well as approach 3. Manage your risk accordingly. Just as a final note: Please note, there will be times where losses will be taken, but if you are entering around historical areas of support / resistance, they will be extremely negligible compared to your overall profits. Aim for points, not pips. Also please keep in mind, it is good practice to take profit as a position runs. Taking some profit out after 5 to 10 points is not a bad thing. I hope this analysis will help you for the week ahead. I will be posting more closer to time analysis throughout the week. The majority of my time will be spent either here OR in private chat, so if you have any questions, feel free to ask! Good luck! Disclaimer: This is not financial advice.
COMEX:GC1!Short
by Aaron_K_Trading
GOLD ( XAUUSD ) Long Term Buying Trading IdeaHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
TVC:GOLDLong
by ForexPlanet20
GOLDUpcoming Week's Gold Market Analysis As you can observe from the chart, Gold is currently undergoing a pattern of five waves, indicating an impulse-correction sequence. Having closely monitored its ascent in line with our analysis, it's evident that Gold is displaying signs of weakening. A correction phase is essential before it can resume its upward trajectory. Our skilled traders are diligently identifying the optimal entry points for our valued clients. Don't miss out on the chance to benefit from our trading expertise this week. Join us to seize this opportunity! Note: All our trade insights are provided entirely free of charge.
OANDA:XAUUSD
by oraclpips
Confused 🤔 GoldGold had an impact of war overall and as we were in sell trend gold has suddenly change its direction upwards now as i speak in top down anylisis scenario i would speak 🗣️ Monthly time frame On Monthly time frame we are seeing a strong resistance level on gold Weekly time frame Also on weekly time frame we had a resistance on this level its a significant level Daily Timeframe On daily timeframe we can see gold has formed a bearish candle stivk pattren which is inverted hammer pattern and also gold is on its significant level of resistance of daily too the Confluence Is about all sell gold but still as war has an impact fundamentals will override technincal aspect so we are a bit confused on gold as market is too if escalation goes on gold will go buy if there goes a cease fire then we can sell gold
OANDA:XAUUSDShort
by Wakeel_Saab
1
What would stop gold from rising? The conflict between Palestine and Israel is currently raging, and at the same time, the situation in many places is tense. Yesterday, gold hit a new high price of 1977. It seems that nothing can stop gold from continuing to rise. Immediately after Biden speaks, I think gold will rise again after correction, but it may also It’s so crazy that it goes up directly. Operation suggestions: gold: buy1968-1972 tp1985/ buy1955-1960 tp1975-1980 Set a stop loss that matches the account funds If you like my analysis, please join my channel, I will continue to bring you good analysis and trading signals
FX:XAUUSDLong
by Krause_Philipp
Gold still maintains a stable increasing position, possibly retu👉 Gold continued to be a strong bullish candle yesterday without any major corrections, with the price retesting the previous breakout zone of 1945 and then surging back to the expected zone of 1985. 👉 In the second half, prices remained within the short-term moving average band, extending the bullish momentum. The 1982-1985 zone is a strong resistance zone. If you break through, you can continue. As for who sells this area, he is in the area in 1965 and it is likely that he will sell it in 1990. I haven't sold it yet, but I'm waiting patiently to buy it at a good price. 👉 Purchase restrictions 1962-1965 SL, 1955 TP 1977-1985, plus 1990. today's war news According to Russian experts, the Israeli military leadership is in a very difficult situation where it can no longer retreat, but it does not really want to attack yet because it could lose. Moreover, experts say failure would definitely be a disaster for Tel Aviv. “The bombing and shelling that Israel is carrying out does not stem from any recognition of its own strength. "Because they feel helpless in the face of fear for the future," expert Podryaka added on his Telegram channel. Podryaka further pointed out that many countries have begun to evacuate their citizens from Israel, as well as neighboring Lebanon. This indicates the parties have not reached an agreement and the region will face severe tensions as hostilities reach their highest level in decades.
TVC:GOLD
by TheLeader_WOLF