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Goldtradingstrategy

XAU/USD 24 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase. Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase. As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance. Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range. Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also respond to nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Buy XAUUSD at a low level. Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours. Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure. Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent. Trading Plan: Buy Zone: 2711-2708 Take Profit: 2725-2740 Stop Loss: 2700 For those unfamiliar with trading, please stay updated on real-time trading strategies. CAPITALCOM:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by George_parse
1
Gold prices change constantlyThe correlation evaluation underneath seems at the connection among gold and silver during the last fortnight with some of marketplace indicators. Gold is at the right, silver at the left. From pinnacle to bottom, we've got the form of the Fed budget futures curve from October 2024 to December 2025 in black, presenting a manual on price reduce pricing, US two-12 months yields in blue, US 10-12 months yields in green, the United States greenback index in crimson and 10-12 months actual bond yields in red which measures nominal yields much less anticipated inflation over the following decade. To placed matters into perspective, pastimes and the greenback have risen sharply over the last 10 days. However, regardless of this, gold and silver are an increasing number of correlated with this alteration regardless of being their conventional enemies. It`s now no longer superb how gold and silver are appearing on this surroundings and but there may be not anything extra than hobby costs and bonus charge fluctuations which are using the valuable metals markets. Does protection have an absorption path? Lam charge anticipated to be higher? Increased monetary penetration? Russia's sanctions avoidance order? Those are the famous theories, even though it is hard to select out which one, if any, is the actual using pressure proper now. One component we do understand is that gold and silver retain to fashion higher. 💎 TVC:GOLD Buy limit 2714 - 2712 💎 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 💎 TVC:GOLD XAUUSD Sell limit 2740 - 2738 💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2748
TVC:GOLDLong
by FalCol_TradingMaster
10.24 Gold fluctuates upwardThe price of gold fell below the moving average and now began to fluctuate. The upper side was originally at 2755, and the lower support was at 2713. You can buy low and sell high. Yesterday evening, the price fell quickly and found the support of 2713. When the price of gold retreated, you can buy on dips. In terms of the day, the sharp drop in the rise can be alleviated, but whether it can change direction depends on the continuation. Only if the sharp drop continues can it be the top. The focus is on how many bulls are above 2740. Only if the price rises in a cycle in the morning, it fell back twice in the early morning yesterday, and the watershed was 2709. Today's data: Number of initial jobless claims in the United States as of October 19 (10,000 people) Today's focus is whether the daily line will be negative or positive when it fluctuates. In terms of rhythm, the European session is still the focus. If we look at the continued retreat, then pay attention to the watershed 2735, which is the empty point. Remember, once the watershed continues to break, then this high point will be formed in the short term, and there will be opportunities for the mid-term in the future. But no matter what, there is definitely not much room for bulls above the risk area, and it is not recommended to make a layout. Resistance level 2735 Support level 2715
TVC:GOLDLong
by David_strategy
1
Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential. Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains. Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand. In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
CITYINDEX:XAUUSDLong
by BELLATRIXFX
XAUUSD Strong Bullish Momentum1. Trend Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment. 2. Support and Resistance Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range. Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term. 3. Price Action Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone. Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart. 4. Projections Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD. Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD. 5. Key Levels Immediate Support: 2,700 USD (channel support) Immediate Resistance: 2,750 USD (upper channel resistance) Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower. In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
FX:XAUUSDLong
by YogaID
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, A great day on the charts today with our 1H chart roue map playing out perfectly all week. We started the week with both our weighted Bullish target 2730 and bearish target 2717 hit. No cross and lock below 2717 confirmed the support for the bounce and a cross and lock above 2730 confirmed the range above, opening 2739 and 2747. Both 2739 and 2747 targets were completed followed with a further cross and lock above 2747 opening 2755 and 2761. 2755 was also hit today and 2761 just fell short, which is usually the case when momentum is exhausted but we are more than happy with this run that we were able to track and trade level to level all the way to the top and with a safe early exit before the rejection. We are now seeing the rejection back into the weighted Goldturn level 2717, which will either provide support for another bounce up or a cross and lock below to confirm the lower 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 2730 - DONE EMA5 CROSS AND LOCK ABOVE 2730 WILL OPEN THE FOLLOWING BULLISH TARGET 2739 - DONE 2747 - DONE BEARISH TARGETS 2717 - DONE EMA5 CROSS AND LOCK BELOW 2719 WILL OPEN THE FOLLOWING BEARISH TARGET BEARISH TARGET 2706 EMA5 CROSS AND LOCK BELOW 2706 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2692 - 2682 EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE SWING RANGE SWING RANGE 2673 - 2661 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
14
Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
XAUUSD: The rise is not over yet, 2740 is not the topYesterday, our strategy of waiting for the 2720-2725 area to stabilize before buying was still correct. Although the gold price hit a low of 2714, it continued to rebound and reached a high of 2738. We bought near 2720 yesterday and have taken profits today. From the 1H chart, we can see that the decline in gold prices yesterday touched the rising trend line of 2715. As time goes by, the price of the trend line will gradually rise. The 2720-2725 area is where the next trend line is located. Therefore, my thinking today will continue to follow yesterday's trading method. If the gold price falls back to the 2720-2725 area again, I will buy long orders again, with the target at 2750.
TVC:GOLDLong
by AntonyTP
1
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CAPITALCOM:GOLD
by Thief_Trader
XAUUSD: 23/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2750, support below 2713 Four-hour resistance 2750, support below 2729 Gold operation suggestions: Gold stabilized at the 2720 mark in the Asian session yesterday and then ushered in a strong unilateral upward trend of bulls. The European and American sessions successively pulled up and broke through and stood on the 2730 mark to continue the strong rise of bulls. The US session accelerated the high and broke through the 2740 mark and reached a strong close near 2748. Gold continued to close higher on the daily line, setting a new high and closing at a high level. The slow rising rhythm, the method of consolidating and setting new highs, the daily line is still strong. It is still in the unilateral bull market. Even if there is a retracement, it is a consolidation-style retracement correction. As long as there is no continuous negative after a high rise, the short-term daily line will still be strong. The overall gold price has retreated twice at the 2720 mark to confirm the formation of stage support. The short-term and medium-term moving averages are still arranged in a bullish pattern and diverge upward. Today, the short-term support below is around 2730. The intraday retreat relies on this position to continue to be bullish. The short-term bullish strong dividing line focuses on the 2720 mark. The daily level stabilizes above this position and still maintains the rhythm of going long at a low price. BUY:2730near SL:2727 BUY:2713near SL:2710 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
XAUUSDHere is our view and update on XAUUSD . Potential short opportunity. As per our last mind, we were waiting for signs of exhaustion on XAUUSD . We have also broken the structure and our KL (Key Level) 2737 . In detail, As price on XAUUSD has broken our KL (Key Level) that’s sitting at 2737 , it has also broken the upside structure . We are entering at the break of our KL at 2737.811 with SL sitting at 2749.285 as it would invalidate the trade idea and continue the bullish movement creating new highs. Our TP (Take Profit) is sitting at the previous ATH (All Time High) 2685 . PARAMETERS - Entry: 2737.811 - SL: 2749.285 - TP: 2685.800 KEY NOTES - XAUUSD price is showing exhaustion. - XAUUSD broke our KL (Key Level). - The bullish structure has been broken. - Breaking above our SL would result in more upside. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase. Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS. As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance. After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line. Price is currently trading between an internal low and a fractal high. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
10.23 Will gold turn around? Bearish view 2760In the early Asian session on Wednesday (October 23), spot gold fluctuated narrowly at a high level and is currently trading around $2,750.98 per ounce. Gold climbed 1% on Tuesday, shaking off the impact of a strong dollar and U.S. bond yields, reaching a high of $2,748.87 per ounce, setting a new record high again, closing at $2,748.86 per ounce, as the uncertainty of the U.S. election and the war in the Middle East stimulated safe-haven demand, and expectations of further monetary easing magnified the rise in gold prices. Yesterday, gold did not continue to adjust. It broke through 2740 and is currently running at 2745. Obviously, the single-day high and fall did not cooperate with the next day's big Yin, and the short-term has not yet peaked. Yesterday's closing was barefoot Yang, suggesting that there is still inertia to rush up, so the upper track 2765 pressure will be tested again. There is no need to chase more at this time. The follow-up rise of silver and oil suggests that gold is close to the stage of adjustment. There are not many fundamental data recently. Even if there is before the election, it is fake. At the same time, the US dollar, gold, and US stocks are all rising at the same time. Obviously, it is peaceful. In fact, the biggest news is the BRICS meeting. This is a step to whether the payment system can abolish the US dollar settlement. Of course, at this time, the US dollar remains strong in order to compete for the status of international capital settlement. Therefore, there is no shock decline after the interest rate cut, but it has risen strongly since the interest rate cut. There are election reasons and suspicions of manipulation behind the scenes. I have always said that no matter who is elected, the US dollar must remain strong to cater to the essence of plundering global wealth. The two sides are talking about topics again, just for the election, but whoever is elected will remain essentially unchanged, so it is rare for gold to follow the strength of the US dollar at this time, so there is no need to chase the rise. Resistance: 2760---2765 Support: 2700---2650
TVC:GOLDShort
by David_strategy
1
Gold charge forecast 23/10/2024As of 8:45 a.m. on October 23, the world gold price listed on Kitco was at 2,738.4 USD/ounce, an increase of 8.6 USD/ounce compared to the beginning of the previous trading session. Gold charge forecast World gold expenses are anchored excessive no matter the growing USD index. Recorded at 8:forty five a.m. on October 23, americaA Dollar Index measuring the fluctuation of the dollar with 6 essential currencies became at 103,749 points (up 0.12%). Early this morning, global gold expenses reduced as compared to remaining night`s session, however had been nevertheless indexed round document highs. Overall, from the start of the 12 months till now, gold bars have accelerated via way of means of greater than 32%. Gold has risen no matter growing greenback and Treasury yields, and the upward thrust in gold expenses has outweighed weaker bodily call for and better supply, analysts stated. Exinity Group marketplace analyst Han Tan stated gold ought to overcome unheard of charge degrees if the valuable steel maintains to disregard the healing in US Treasury yields and the electricity of the silver greenback. green. 💎 TVC:GOLD Buy limit 2724 - 2722💎 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2716 ➖➖➖➖➖➖➖➖ 💎 TVC:GOLD Sell limit 2750 - 2748💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2758
TVC:GOLDShort
by FalCol_TradingMaster
Tuesday Market Analysis and SignalsGold rebounded after falling back to 2714. Gold is facing high-level adjustment and shock repair. Let's look at 2705/2735 for the day. The unilateral trend continues to go long. Gold hit a new high yesterday, and the US market fell under pressure. The trend is still bullish, and the Asian market fell back to continue to go long. It is normal for gold to adjust, but the trend has not changed. The decline is to continue to give more opportunities. The 1-hour moving average of gold is still arranged upward with a bullish golden cross, and the moving average support has moved up to around 2719. Gold fell to the lowest level of 2714 yesterday and began to stop falling and rebound. Gold has received support near 2713 and started to rise many times, and this time is no exception. If the Asian market falls back without breaking the 2713 support, continue to buy on dips. If it falls back to the moving average support near 2719, you can buy more first. Trading strategy: Buy near the 2719 support, and pay attention to the 2750 rise above. Short after the callback.
OANDA:XAUUSDLong
by Jun-goldFX