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
Goldtrade
$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
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! 📈💰
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 💵
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.
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
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
Silver I Potential upside Hello,Traders!
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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!
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Check out other forecasts below too!
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
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
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
Gold H1 Triangle Pattern Points Towards an Upside MoveA triangle pattern is a technical formation characterized by converging trendlines. It signals a period of consolidation and indecision in the market, often followed by a significant price breakout. In this case, we have a triangle pattern that's worth exploring.
Triangle Formation: The price chart of Gold on the H1 timeframe shows the formation of a well-defined triangle. The upper trendline (resistance) and the lower trendline (support) are converging, indicating a potential breakout.
Final Thoughts:
Gold's price action is heavily influenced by various economic and geopolitical factors, which can lead to substantial price movements. While the triangle pattern suggests a potential upward move, it's essential to keep an eye on relevant news and events that could impact Gold's price.
Trading always carries inherent risks, so be sure to perform your own analysis and risk assessment before executing any trades. Additionally, adhere to a robust risk management strategy to protect your capital.
As of the time this post was written, Gold is trading at approximately $1916 , with a potential target of $1932 . Remember that markets can be highly unpredictable, and trading carries risks. May your trades be prosperous, and your strategies sound. Happy trading!
Capitalize on the Rise in Gold Prices – An Opportunity for ProfiI am writing to bring your attention to a highly lucrative investment opportunity that has emerged amidst the escalating tensions in the Middle East – the exponential rise in gold prices acting as a safe haven.
As you are well aware, gold has always been considered a reliable investment avenue during times of geopolitical uncertainty. The recent developments in the Middle East have significantly increased the risk factor, leading to a surge in demand for this precious metal. This rapid increase in gold prices presents a remarkable chance for traders like you to capitalize on its long-term growth potential.
By trading long positions in gold, you can leverage its unprecedented price hikes to secure substantial profits. As history has demonstrated, gold often serves as a haven for investors seeking protection during uncertain times. Considering the ongoing tensions in the Middle East, it is highly likely that the gold prices will continue to rise.
This is a call-to-action for you to seize this opportunity and enter into long trading positions for gold. With increasing global uncertainties and the mounting tensions in the Middle East, gold offers a hedge against these risks and serves as a cornerstone of a profitable investment strategy. To ensure you don't miss out on the potential gains, I urge you to take immediate action and initiate trades for gold's long positions.
Now is the time to embrace the power of gold as a safe haven, with the potential to secure sustained profits in the long run. So, act swiftly and make the most of this golden opportunity (pun intended)!
💡 GOLDOZ: Be careful with Gold💡Last week, gold saw its best weekly gain since mid-March due to increasing safe haven demand as the Israel-Hamas military conflict shows no signs of abating.
💡In addition, the US announced tightening sanctions on Russian crude oil exports on Friday, causing oil prices to increase to 90 USD/barrel. Some analysts note that as oil prices continue to rise, gold's safe-haven role will help fight inflation, which is even more beneficial for gold.
💡Although the gold trend is receiving a lot of attention, some analysts warn investors to be cautious and not chase the market. While gold remains well supported by growing safe-haven demand, gold prices face challenging resistance at 1,950, said Ole Hansen, commodity strategist at Saxo Bank. USD/ounce.
GOLD TECHNICAL ANALYSISAs of October 17, 2023, at 09:00 AM, let's analyze the current technical situation of Gold.
🟡 Gold is currently positioned at a higher low (HL) on the downtrend line. It recently encountered resistance at the Senkun Span, which is a significant level within the Ichimoku Cloud. Subsequently, it underwent a brief bearish movement to maintain its position below the cloud.
We should keep a close watch on whether this trendline will break, as such a development could indicate a robust bullish momentum, particularly in reference to the lagging span (the green line). After enduring a bearish trend over the past 10 days, a break in this trendline might propel Gold back towards the $2000 level.
Additionally, there are signs of a distribution phase underway, suggesting that Gold might trade sideways. If this scenario unfolds, we should be prepared for another downtrend, likely as a corrective phase. 😊😊😊
GOLD SELL FROM 1924 16 OCT TO 27 OCT MINOR LOWGold is respected since 1924, so we are on track. If gold goes up, take another entry on 1935, but we are now on our track, so be careful. On 27 Oct, we have a full moon, so we expect a minor low. So, it's better to exit your sell trades on 27 Oct and reenter on 2 Nov. In case gold makes a minor low, then we will again see our major low on 23 Nov at 1783.
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XAUUSD: Next week operation strategy
Gold rose strongly in Friday's trading, breaking through key suppression and showing momentum through the five hurdles. The continuation of this uptrend suggests that we should continue to ride the trend next week, firmly bullish and actively long on the back of the 1900 round mark.
From the news side, the intensification of the Palestinian-Israeli conflict has led to an increase in safe-haven demand for gold, which is one of the important factors for the rise in gold prices. In addition, signals from the Federal Reserve that it may abandon interest rate hikes are also supporting gold prices. These factors together promoted the soaring price of gold, forming a very strong upward trend. At present, the pressure above gold is mainly from the previous 1940-1945 first-line pressure position. There may be a correction when the price hits this level, and we continue to be mostly bullish in next week's trading.
From the daily analysis chart, the above is concerned about the suppression of 1940-1945, the below is concerned about the support of 1920, and the operation is mainly to step back, and the middle position is always more and less cautious pursuit, patiently waiting for the key point to enter the market.
If you are confused about trading, please join me, I believe you will have a great harvest!
💡 EURUSD: Narrow the marginActive consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue to grow next year.
What a move, War, safe heaven #GOLD... What a move done by market in last 5 days and today was absolutely funtastic.
In my last idea I told about 1867 as resistance area but market break his area and then make it as support and hold it 4 to 5 times and bounced further.
Week was absolutely profitable.
We all exit from gold now
Keep close now market areas tha tis 1825 to 1829
That is market tmuch important resistance now..
Holding of this area mean you can see a retrace movement otherwise above that area next area mentioned on chart. .
Trade wisely
Good luck
Gold and geopolitical risksGold and geopolitical risks
New forecast
Gold metal recorded its best weekly profits in 7 months, at a rate of about 5.31%, amid the escalation of geopolitical tensions in the Middle East region and the decline in US Treasury bond yields.
The strong weekly gains for gold came as a result of the escalation in Gaza and the increasing conflict between the Palestinian resistance and Israel since Hamas forces launched an attack on Israel on October 7.
This raised international warnings about the dangers that the war might cause at the economic, security and political levels, not only for the countries of the Middle East region, but also for the global economy as a whole.
Why is the world economy affected?
The entire region, from which the world gets a third of its oil by sea, is at risk of plunging into chaos. Not least because geopolitics tilts the scales regarding the amount of suffering that will befall the peoples of the Middle East.
The war between Israel and the Islamic Resistance Movement (Hamas) has increased the geopolitical risks on financial markets, with investors anticipating what will happen if the conflict attracts other countries, which may deal a new blow to the global economy. Gold and silver will continue to rise, but if the war subsides, Gold and Silver prices will decline.
In this week we have important news and will affect on the market directly .
Core retail sales Core retail sales & retail sales
Federal Reserve Chairman Powell speaks Federal Reserve Chairman Powell speaks
🟢Existing Home Sales
🟢Unemployment complaints rates
🟢Philadelphia Manufacturing Index
🟢Building Permits (September)
Technical Abstract :
on the daily time frame
The price perfectly fulfills my last idea and price reached to our targets .
As wee see in the chart the price formed positive impulse In light of the escalation in Gaza and the increasing conflict between the Palestinian resistance and the Israel and price attacked 1932 level also price get out from the bearish channel so we expect the price will start a correction to the support of the channel and then will rise up again to stabilized above 1932 level , so the main condition to be continue at the bullish trend is stabilized above 1932 and then it will support the price to reach 1984 and 2051.
other wise if price back off to inside the bearish channel then may we will see the price will start a bearish correction to 1885 level before any upward .
on the 4H time frame
The price of gold faced positive pressure in last week trading to attack the 1932 level. Continuing above the 1932 level provides continuous support for the price to rise up , which supports the chances of resuming the upward wave targeting the 1947 level. A break and stability above it increases the hypothesis of a rise and heads towards 1980 as the next main station.
Therefore, the upward trend scenario will remain effective for the coming period, keeping in mind that failure to consolidate above 1932 will put pressure on the price to turn lower and start to formed a bearish correction to target is at 1903 and then rise up.
The expect range trading for today it will be between resistance line 1947 and support line 1903 until stabilized
Additionally ,Today News will affect the market
support line : 1903 , 1894
resistance line : 1932 , 1947
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️