Get started

Goldtradingstrategy

WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see update on our weekly chart idea that we have been tracking and trading over the last two weeks. Last week we stated that we were seeing a breakout outside the new Goldturn channel (our unique way of drawing channels) and that we have a detachment to ema5 below also inline with the channel top for a possible re-test for a correction. - We got the correction but not the full attachment to ema5, but as you can see the channel top is providing the support we mentioned. As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close. We currently have a candle body close gap to 2729 long range AXIS TARGET. However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future.. Buying dips allows us to safely manage any swings, instead of chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD ROUTE MAP UPDATEHey Everyone, A PIPTASTIC finish to the week with our chart idea doing another repeat of the move completing the 2669 target twice, allowing us to buy dips inline with our plans. 2669 Goldturn resistance and 2650 Goldturn support were both completed earlier this week, followed with drops into the retracement range but not the full retracement test. This still allowed us to buy dips, as 2650 also gave the bounces for another re-test to our Bullish target 2669 completing the week. The market moved sideways this week but allowed us to safely between the range buying dips. BULLISH TARGET 2669 - DONE BEARISH TARGETS 2650 - DONE Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
13
Gold fluctuates and awaits non-agricultural data!!!For today, we need to divide the non-agricultural data into two parts. 1. Before the data, it rose in the morning. The European market rose and fell in the past two days. From the perspective of the daily line pattern, it tested 2664 4 times, and the resistance level was very small. This must be a breakthrough, but if this breakthrough continues to fall, it will not make much sense. So, either it is around 2658-60, with a loss of 50, and look at 2673=75 above, and arrive before the data. 2. Give up the intraday market and wait for non-agricultural data. Referring to Wednesday's ADP, the non-agricultural data is likely to bottom out and rebound, but this bottoming must be based on the breakthrough and rise in the European market, and the US market will see a bottoming and rebound. If it has been suppressed below 2664 during the day, then the bottoming and rebounding will not make much sense. The trend is not very strong. Only if it breaks through during the day and the US market bottoms out and rebounds, there is a risk of breaking high. If it is suppressed, it is likely to continue to fluctuate. So whether it is strong today depends on the strength of the breakthrough in the European market. If there is no breakthrough, look for shocks; if there is a breakthrough, look for strength
TVC:GOLDLong
by David_strategy
1
GOLD 1H ROUTE MAP UPDATEHey Everyone, Another great day on the chart today allowing us to buy dips inline with our analysis. Our bearish target on this chart complete at 2650 and just our full bullish target at 2674 still open giving us the confidence to buy dips 2650 is currently providing support for the bounce. However, we also need to keep in mind that although we had the move into the retracement zone also giving us the bounces, as highlighted with the arrow on the chart; the full retracement range is still open. We need to keep this in mind when managing risk for the extended range between 2674 and 2620 . We will need to wait for the 2674 test, followed with ema5 cross and lock above 2674 to confirm the range above or failure to lock above will see price test the lower Goldturns and the weighted Goldturns for the bounces, allowing us to take advantage of the bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2674 EMA5 CROSS AND LOCK ABOVE 2674 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 POTENTIALLY 2716 BEARISH TARGETS 2650 - DONE EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2620 EMA5 CROSS AND LOCK BELOW 2620 WILL OPEN THE SWING RANGE SWING RANGE 2588 - 2558 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
XAUUSD must be shorted today and tomorrow!News: As I said in the past two days, although the United States today 'the number of people applying for unemployment benefits in the United States to the beginning of the week on September 28th‘ has a lot of gold, the gold market does not rise but falls. This shows that the strength of the bulls in the gold market is insufficient, and many investors are not optimistic about the rise of gold when the U.S. economy has recovered. Therefore, tomorrow the release of the US‘September quarter-adjusted non-farm payrolls’ data will explode the entire gold market, and gold will choose its direction again. Judging from the current various news, the U.S. economy is recovering, and tomorrow's ’U.S. September quarter-adjusted non-farm payrolls' data will be bearish for gold, so the trend of gold today and tomorrow will be dominated by empty heads! Therefore, the strategy of gold in the past two days is still mainly shorting: continue to short the gold market near 2655! Need more trading signals and strategies, welcome to the comment area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAUUSD | GOLDSPOT | New perspective | follow-up detailGold trimmed its weekly gains on Friday as traders assessed recent US economic data and its potential impact on Federal Reserve policy. With disinflationary trends suggesting steady rate cuts, Gold continues to shine. However, expectations for a 50 basis point cut in November have eased following strong US macroeconomic data. Key reports like the decline in Initial Jobless Claims to 218K, solid Q2 GDP growth at 3.0%, and stronger-than-expected Durable Goods Orders have sparked debate about a possible economic soft landing. In this video, I break down how these factors could shape price action in the Gold market, and explore trading strategies for both buyers and sellers. With the probability of a 50 bps rate cut now down to 50%, I have analyzed potential scenarios and how I plan to capitalize on the upcoming opportunities. Make sure to watch till the end for my technical analysis and outlook for the coming week. XAUUSD Technical Overview: This week, we're focusing on the $2,640 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
EIGHTCAP:XAUUSD
by darcsherry
1
XAU/USD technical analysis: Gold price creeps lower Gold rate is upwardly biased in spite of dropping a few steam as investors ee-e book profits, expecting the following section of the conflict. Momentum stays bullish as depicted via way of means of the Relative Strength Index (RSI) however is exiting from overbought conditions, sparking the retracement. If XAU/USD drops below $2,650, this will open the door to check the September 30 every day low of $2,624, observed via way of means of the September 18 top at $2,600. A breach of the latter will reveal the 50-day Simple Moving Average (SMA) at $2,513. On similarly strength, if it clears the all time excessive of $2,685, it can amplify its profits to $2,700. 💎 TVC:GOLD BUY 2645 - 2642💎 ✔️TP1: 2660 ✔️TP2: 2670 ✔️TP3: OPEN 🚫SL: 2635
TVC:GOLDLong
by FalCol_TradingMaster
Gold keeps hitting new highs, and today is the day to see a breaThe gold price moves perfectly along the trend line. It starts to rise when it approaches the trend line. Gold is accumulating strength at a high level. Today, the gold price may break through the historical high and start the rising mode. The gold price trend is very healthy. It starts to rise when it approaches the trend line and important moving average. The best operation is to follow the trend, because the risk of going long is much lower, just like the Chinese A-shares that are winning by doing nothing now. Shorting may burst at any time, and going long may reach the daily limit at any time. Today's data: The number of layoffs of challenger companies in the United States in September (10,000 people) The number of initial jobless claims in the United States as of the week ending September 28 (10,000 people) The final value of the S&P Global Services PMI in the United States in September Trading strategy: Gold 2640 more, stop loss 2630, target 2665--------2670
TVC:GOLDLong
by David_strategy
1
Gold Price Analysis October 3Fundamental Analysis The US dollar (USD) extended its recovery from its lowest level since July 2023 and advanced to a three-week high amid fading prospects of more aggressive easing by the Federal Reserve (Fed). This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal, although continued tensions in the Middle East helped limit losses. Iran launched more than 200 ballistic missiles at Israel on Tuesday, while Israel conducted a precision airstrike and bombed the center of Beirut in Lebanon early Thursday. This raised the risk of a full-blown war in the region and dampened investor appetite for riskier assets, which was reflected in the generally weaker tone in equity markets and acted as a boost to safe-haven gold prices. The US economic agenda on Thursday could provide some impetus for XAU/USD, although the focus will still be on the US Non-Farm Payrolls (NFP) report on Friday. Technical Analysis Technically, the trading range is still maintained around the 2643 and 2671 areas. There is no strong movement yet, gold is still having difficulty breaking out of this price range. The main BUY SELL entry that we are waiting for is still in the 2683-2685 and 2624-2622 areas. There is a small resistance in the 2645 - 2642 area, stoploss is placed at 2640 only. This resistance is a bit thin, move gently. Resistance 2636 - 2635 stoploss 2630 catch up a beat before the US session. Wait until the US, the margin is further, if the price falls, you can only catch it at 2622 - 2620, stoploss 2616. Break point 2664, then wait for 2672 - 2674 to sell lightly again, stoploss 2678 Sell point 2683 - 2685, stoploss 2689 Round resistance 2690 is not expected much but note here to pay attention to how it is. Focus on the 2700 area.
OANDA:XAUUSD
by TVS-Trader
2
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1 Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames Wish u luck
OANDA:XAUUSDLong
by Wakeel_Saab
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Another great day on the chart today with our 4H chart playing out, as analysed. We had price play between two weighted levels. 2669 Goldturn resistance and 2650, as Goldturn support and both highlighted, as targets. - Both targets have been completed. We were able to take advantage of the drop and buy inline with our plans to buy dips and complete the bullish target. We need to also keep in mind the retracement range was not fully completed and a gap left open. We are seeing price test 2650 for support and if this holds; we are likely to see another 2669 test. However, we will need to see ema5 lock above 2669 or we are likely to see another drop to complete the full retracement range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2669 - DONE EMA5 CROSS AND LOCK ABOVE 2669 WILL OPEN THE FOLLOWING BULLISH TARGET 2695 EMA5 CROSS AND LOCK ABOVE 2695 WILL OPEN THE FOLLOWING BULLISH TARGET 2717 POTENTIALLY 2738 BEARISH TARGETS 2650 - DONE EMA5 CROSS AND LOCK BELOW 2650 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2615 EMA5 CROSS AND LOCK BELOW 2615 WILL OPEN THE SWING RANGE SWING RANGE 2582 - 2556 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
10.3 Gold short-term operation strategyAt present, gold continues to fluctuate. The hourly chart has formed a converging triangle. The short-term support is 2648, and the upper pressure is at 2670. From the daily chart, the "big positive front resistance line" pattern has been formed. Under the support of the big positive line of last week, after repeated short-term fluctuations, the market tends to choose to break down! ! ! Today's data: The number of initial jobless claims in the United States as of September 28 (10,000) Intraday operations: BUY: 2648 Stop loss: 2643 Target: 2655----2660 SELL: 2665 Stop loss: 2660 Target: 2630----2625
TVC:GOLDLong
by David_strategy
1
XAUUSD: Will the decline continue after the conflict?Yesterday, the US dollar index rose for the second consecutive trading day, hitting a two-week high, supported by data showing the resilience of the US labor market and the dual support of safe-haven currency properties. It stands to reason that the rise of the US dollar index will suppress gold and cause it to fall. However, due to the sudden escalation of the geopolitical conflict between Iran and Israel, the demand for safe havens has been greatly boosted, resulting in a rare rise in gold and the US dollar together. The escalation of the geopolitical crisis in the Middle East has indeed greatly affected the direction of gold, but as of now, I don’t think gold supports the momentum to continue to rise sharply. Judging from the news, the rise in gold is due to the situation in the Middle East. If the situation in the Middle East eases next, or the situation is not as tense as the first day, then gold will still fall as it rose. Unless the situation in the Middle East will intensify in the future, and it will be more violent than yesterday’s conflict From the figure, we can see that the Fibonacci retracement of 0.618 from yesterday’s high of 2673 and today’s low of 2645 is 2655. As long as the rebound does not exceed 0.618, it is bound to fall to a new low. The short position I held yesterday suffered a slight loss due to the sudden outbreak of the Middle East conflict, but I added positions at 2655 and 2666 respectively, which increased the average price and is now profitable. In summary, I still have a bearish view, so I will continue to hold short positions.
OANDA:XAUUSDShort
by AntonyTP
Gold is also under pressure from the USDGold has been buying and selling inside an ascending broadening wedge and trending better. The average fashion stays upward, because the rate is above the 20-day and 50-day SMAs. However, gold is extraordinarily overbought withinside the quick term, because the RSI indicates. Therefore, the rate is correcting decrease towards the yellow dotted trendline, which intersects with the 20 SMA. Therefore, this rate correction is possibly to locate assist round 20 SMA, wherein the following purchase sign may also emerge. The gold stays upward trending so long as the rate stays above $2514. The gold marketplace additionally trended better at the 4-hour chart, forming an ascending channel pattern. The rate peaked at $2,685.sixty four on Thursday remaining week, achieving the resistance stage of this ascending channel. However, gold is presently locating assist on the midline of this channel and rebounded better on Tuesday. Two assist ranges are seen at the 4-hour chart: the midline assist at $2,630 and the decrease channel assist at $2,582. These assist ranges also are determined at the day by day chart above. 💎 TVC:GOLD BUY 2649 - 2647💎 ✔️TP1: 2660 ✔️TP2: 2668 ✔️TP3: OPEN 🚫SL: 2640
TVC:GOLDLong
by FalCol_TradingMaster
10.2 Gold bottoms out and correction is made from high levelsGold daily line is still sideways at a high level, and the K line continues to deviate far from the moving average. This is an abnormal trend. The gold price will inevitably return to the moving average. This is inevitable. At the same time, there is an obvious double top pattern near 2670, and the upper shadow line continues to close. Gold fell under pressure from the high level in 4 hours. Gold continued to have a double top structure in 4 hours. Gold rose to 2673 last night and fell under pressure. The resistance is obvious. The tension in the Middle East is still an important factor affecting the gold price. This week will usher in non-agricultural data. Intraday operation: SELL: 2675 Target: 2660------2650 BUY: 2645 Target: 2665------2675
TVC:GOLDLong
by David_strategy
9
Wednesday Market Analysis and SignalsSpot gold fluctuated in a narrow range in early Asian trading on Wednesday, currently trading at $2,659/oz, holding on to most of yesterday's gains. Gold prices jumped more than 1% on Tuesday, hitting an intraday high of $2,673, up nearly $30 from Monday's close, helped by safe-haven demand, as Iran launched 200 ballistic missiles at Israel, escalating market concerns about a full-scale war in the Middle East. The White House characterized the attack as a major escalation. Iran said it did not warn the United States in advance, and the U.S. and Israeli forces negotiated their next move. Technical analysis warns that downside risks to gold prices remain, although RSI momentum favors buyers. If Iran attacks Israel, gold will also rise as the possibility of a larger war between the two arch-enemies increases. The market will closely watch this week's U.S. labor data and speeches by Fed officials for more hints on the Fed's policy stance. Investors need to pay close attention to the change in U.S. ADP employment in September, which will be released this trading day, as the market currently expects ADP to add 120,000 jobs, compared with 99,000 in the previous month. In addition, pay attention to the speeches of Fed officials. Gold formed a sharp rise and tested the 2672/73 pressure to form a high and fall. The daily line once again stood above the MA7/10 daily moving average, and the four-hour moving average golden cross price stood on the middle track of the Bollinger band. Yesterday's Middle East situation triggered risk aversion. Today's market heavy data ADP, the previous value was 99,000, and the current market estimated value was 120,000. According to the expected value, it is bearish for gold and silver. The intraday gold range is mainly wide-ranging fluctuations, and the 2678/2648 range layout is short-term participation! Asian market trading strategy: 2645-2648 long, stop loss 2636, target 2670-2680; 2675-2678 short, stop loss 2686, target 2650-2640;
OANDA:XAUUSDLong
by Jun-goldFX