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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
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!
OANDA:XAUUSDLong
by TradeGeniusPro
4
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)!
OANDA:XAUUSDLong
by bryandowningqln
💡 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.
TVC:GOLD
by Stone_Haven
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. 😊😊😊
TVC:GOLDShort
by arnvon1213
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. Please support, follow, and share. More followers mean I will work harder to provide you accurate results. Share with friends and keep following!
OANDA:XAUUSDShort
by ganntimetrader
7
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!
FOREXCOM:XAUUSDLong
by HectorBrown1
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
FX:XAUUSD
by AdilHussain731333
7
Gold Price Analysis: Bullish Momentum After H4 Support BreakRecently, I spotted a gold support break on the H4 chart , driving the price up to 1932.00 . Currently, the price has retraced to 1912 , hovering near a critical support level at 1896. This support level will be a key indicator for potential future price movements. Stay vigilant and consider various factors before making your trading decisions. Traders and investors will closely monitor the 1896 support level to gauge the market's resilience and potential for further upward movement. Should this support hold, it could serve as a solid foundation for another bullish move in the gold market. As always, it's important to consider multiple factors in your trading decisions, including technical analysis, economic indicators, and geopolitical events. Keep a close eye on the H4 chart and be prepared to act on any signals or confirmations that align with your trading strategy.
OANDA:XAUUSD
by TradeGeniusPro
Gold will continue to go up as long as the war continuesGold Analysis October 16: War risk sentiment supports Gold price - Fundamental analysis: Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported to increase Israel's announcement that it will completely destroy Hamas shows that this war may be long. This was a disastrous war, not only attacking military bases but also attacking civilians There is no important economic news announced today. The market will continue to monitor the developments in the Israel-Hamas war. - Technical analysis: Gold has increased by $100 in the last week since last Monday's GAP creation. Gold's upward momentum still shows no signs of weakening, the target could be 1950 Buy Gold 1910 - 1908 SL - 1900 TP - 1923 Good luck!
TVC:GOLDLong
by TheLeader_WOLF
Xauusd SellIt could be retracment of a bullish move which was given to us in last week we have a confluence of Daily Resistance level and H4 bearish orderblock and as we remember we have achieved 68% fibbo retracment also the bigger confluance we are in down trend 📉 on daily time frame but for being safe the we in this little short trade is, in last week price has broke daily price channel to the downside and has not given any retracment this break above could be a fake out or price is getting retracted so we will wait and take a small ride of 120 pips on price rollar coaster
OANDA:XAUUSDShort
by Wakeel_Saab
XAU/USD Long Opportunity: Pushing Off From Lower Corridor BorderGreetings traders! We're currently observing a compelling setup in the XAU/USD pair. The price action is oscillating within a well-defined corridor. Recently, there's been a notable rebound off the corridor's lower boundary, indicating bullish momentum. Entry Zone: Our optimal buy-in range is situated between 1846 and 1854. This zone is derived from recent price behavior and supports that have demonstrated resilience. Take Profit Targets: TP1: 1870 The initial take profit target is set at 1870. This aligns with some minor resistances and potential profit-taking zones. TP2: 1884 Our second target is 1884, corresponding with more robust resistances and historical price action. TP3: 1894 The final ambitious target is at 1894, which could be reached if bullish momentum sustains and manages to break past earlier resistances. Stop Loss: 1827 To manage risk effectively, we're placing our stop loss at 1827. This level is strategically positioned below recent lows and provides a buffer against adverse price swings. In conclusion, the current setup on XAU/USD presents a compelling long opportunity, but as always, exercise caution and employ proper risk management. Good trading, everyone!
FOREXCOM:XAUUSDLong
by Frenzy_Trader