Gold fluctuates at a high level on 10.16, waiting for a pullbackGold has fluctuated at a high level in the past two days, and there are many resistances above. Don't chase long at high levels for the time being. However, the recent risk aversion sentiment has continued to support the rise of gold. Gold should wait patiently for a decline to go long. Pay attention to the resistance above 2680.
The 1-hour chart of gold is now fluctuating at a high level. Gold fell to 2638 yesterday to bottom out and rebounded. In the morning, it was long on dips above 2638, and it can continue to go long when it falls back to around 2640; gold is not rising directly unilaterally now. If you go long, you must wait patiently for a decline. Don't chase long easily at high levels, otherwise you will be at a loss again after a pullback. Continue to pay attention to the historical high of 2685 resistance above. You can go short in the short term. At this strength, gold does not have the momentum to set a new high in one fell swoop.
Gold longs and shorts are in a state of anxiety again; gold does not break highs, don't chase long easily, wait patiently for a decline opportunity, and follow up if it breaks through a new high directly.
Operation idea:
SELL: 2678 Stop loss: 2685 Target 2655--50
BUY: 2640, stop loss 2630, target 2660-2670;
Goldtradingstrategy
The Perfect Setup Unfolding: Don’t Miss This High-Prob TradeIWhat’s Changed and What to Look for Now?
1. Structure and Pattern Focus: Wedge and Correction Identified
The yellow descending lines still highlight a wedge-shaped correction after the price made an upward impulsive move. Wedges often act as continuation patterns, meaning the trend (in this case, bullish) is likely to resume once the wedge is broken.
Price has already broken out of the wedge and pulled back, hinting that the market might continue upward after this slight retracement.
🔍 What to Do:
If you spot a wedge breakout like this, wait for a retest—which seems to be forming now—before entering the trade. This increases the chance of entering at a safer spot rather than chasing the move.
2. Identifying the "Potential Buy Zone"
You have a Potential Buy Zone marked around the 2,636–2,647 range, which aligns with both:
Key Fibonacci levels: 61.8% and 78.6% retracement levels.
Demand area: The price previously bounced from this region, showing there’s buying interest.
📝 What to Do:
Watch for price action signals within the buy zone, such as:
Pin bars (candles with long lower wicks).
Engulfing candles (strong green candles that close above the previous red ones).
Mini flags or pullbacks to signal buyers stepping in.
3. Set Entry and Stop-Loss Levels Smartly
If you enter within the buy zone, place your stop-loss below the 78.6% Fibonacci level (around 2,620). This ensures you’re protected if the trade goes against you.
Target One: 2,675.051
Target Two: Around 2,700
These targets are based on previous highs and Fibonacci extensions (-27.2% and -51.8%).
🔍 Pro Tip:
Always plan 2:1 or 3:1 risk-reward ratios. In this case, the stop-loss is relatively tight compared to the potential reward, making this a high-reward trade setup if price respects the buy zone.
4. Using "The Rule of Three" to Confirm the Setup
Based on the Rule of Three, you should always have three confirmations before entering a trade. In this scenario, here’s how it applies:
First confirmation: Price has entered the Fibonacci zone and buy zone (2,636–2,647).
Second confirmation: A bullish reaction or candlestick signal forms (like a pin bar).
Third confirmation: If price breaks above a mini-flag or consolidates slightly above this zone, it’s a strong sign to enter the trade.
5. What to Watch for as a Beginner
If price touches the buy zone and starts to show signs of rejection (like a wick or small bullish candles), that’s your signal to consider entering.
Be patient: If the price doesn’t give a clear signal, stay on the sidelines. Waiting for a proper entry reduces losses from impulsive trades.
How to Back-Test This Setup:
Look at past trades where the price pulled back into a similar buy zone with Fibonacci overlap.
Record how often these setups worked and whether waiting for the confirmation signals improved your success rate.
Summary for New Traders
This chart is a great example of a continuation setup:
Trend identification: The trend is still up, with a correction (wedge).
Entry zone: The buy zone is based on Fibonacci and prior support.
Wait for confirmation: Use candlestick patterns or break/retest setups.
Targets and stop-loss: Define a stop below the buy zone, and target the next highs (2,675 and 2,700).
This is an excellent opportunity to practice patience and discipline—wait for the right signals, and trade according to the plan. Use small positions if you're new, or try this setup in a demo account to build confidence!
XAUUSD IDEA FOR 30 MINUTES TIME XAUUSD, 30-minute timeframe chart
XAUUSD retested the resistance level of 2,667.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,667.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,666.30.
Set your stop loss at 2,671.30 below the previous low ($5.00 loss for 0.01 lot) and take profit at 2,656.30 ($10.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold OutlookAs i told in my previous anylisis gold will break its Resistance level and after a retest it will retouch its previous ATH, so exactly gold has broken its Resistance level above, and going to test it 💪, if price sustains over the Resistance and Resistance becomes Support , it will be a potential buy another confluence for being Bullish is we have observed a 1H Bullish morobozou Momentum candle,
and price is above its high which is not yet broken , if price Hits its low (not high) then we will be thinking 🤔 about being bearish, another confluence is 50 SMA which also tells us price is in buy Mode on Monthly to weekly to daily to H4 to H1 timeframe, so after seeing these many confluences we will remain bullish on Gold until next move to either side
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
Gold's low has been confirmed, and the rise will be unstoppableIn yesterday's article, I clearly said that you can buy gold boldly when it falls back to the support area of 2642-2630. Although this trend did not come out yesterday, I bought it without hesitation when the gold price fell today, and took profits at 2654. But this does not mean that the gold price has reached its limit. I think as long as the gold price falls back to 2650 later, you can consider buying here, and the high point is definitely not the previous high of 2666.
From yesterday's 1H chart, we can see that 2642 is 0.618. Although the gold price hit 2638 today, the real closing line is still around 2642. Therefore, according to the recent three callback trends, as long as it does not effectively fall below the support of 0.618 in the short term, it can be regarded as a bullish trend.
At the same time, I think the previous high of 2666 is definitely not a short-term high point. This rise is likely to break through here. The first target above can be seen in the range of 2670-2680. If it can stand at 2680, the gold price is likely to test the 2700 integer mark again.
The above is my view on gold today. Recently, my gold trading strategy has maintained a hot state of continuous profit. If you want to copy my trading details, you can contact me
Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
10.15 XAUUSD Trading strategyGold continues to surge higher. From the technical point of view on the candlestick chart, it is now just at the pressure level of the downward trend line and resistance line of the hourly chart. As long as it is suppressed at 2672 later, it is still possible to drop again.
Therefore, in trading, it is recommended to short gold directly at the current price of 2668, with a target of 2655.Because the area of 2655 is the previous intensive trading area, the point of 2655 has a certain support effect, so this wave of decline will most likely come to the point of 2655!
XAUUSD Operation Strategy
XAUUSD rebounded 2668-2670 line short, stop loss 2676, take profit 2655 line
Short-term strategy. Short around 2670 to around 2655The 8th day when the signal continues to make accurate profits
Trading strategy for the New York time period on October 15
There is upward pressure on the trend. The news is good for the US dollar.
Short-term trading can make money.
Let's witness the market's decline together.
Gold washes the market, peaks and buys the bottomIn the morning, the price of gold did not continue the rise of last Friday. Instead, it opened lower and fell rapidly, creating the illusion of short-term adjustment, which continued until it stopped falling near $2,643.
After that, the strength of the European session also created the illusion of breaking through the new high. The violent rise directly hit the high of last Friday, $2,660, and then traders began to turn bullish, and even waited for a pullback to go long.
Today, from the perspective of the market, it continues to fluctuate. Today's support is no longer $2,640-36, but the pressure point of last night's high of 2,653 in the early morning. The high point moved down and the low point broke. The large box shock has not ended. It is estimated that it will take a few days. Only when the position of 2,653 is re-established, will we consider intervening in the long position, otherwise the weak shock will continue today.
At present, the high pressure of gold is at the position of 2672 US dollars. The first support point below is at the previous rising position of 2636/37 US dollars, and the second is the top and bottom conversion position of 2624/22 US dollars. It is too early to talk about gold peaking now, but the high box has not ended. Considering the long-term grabbing area is still within the range of 2630/00. The higher the safety margin, the better the mentality of holding positions.
Therefore, today gold will continue to fluctuate downward based on the 2668 long-short dividing point. If it can reach below 2624/22, consider intervening more. Yesterday's continuous decline has already induced today's pullback to long, especially relying on the support position of 2640-36. Break through 2653 and then consider the pullback. For the time being, the callback will remain oscillating downward.
Short the gold price first. Then buy the gold priceJudging from the trend. There is some intention to fall in the market. But the short-selling force is not strong. We can take the opportunity to do some swing trading. The support strength of the position of 2646 is very low. I think it is only a matter of time before it falls to 2633-2637. Because the support there will be stronger and it is a good time to go long. So if you don’t know how to trade now, you can refer to a transaction in the quick trading strategy.
Simple sharing. Investors who like it remember to keep paying attention. CAPITALCOM:GOLD OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1!
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our plans to buy di-s playing out as analysed with the Goldturn kevels giving us the bounces with precision accuracy.
We got the break below 2646 followed with the 1st level 2638 retracement range test, which gave the perfect precision bounce, all the way into 2646, 2654 and now 2663 for the retest.
We will now wait for a cross and lock above 2663 to open 2672, although we have a candle body close confirmation for 2672 already. Failure to lock above this level will follow with a rejection back to re-test the lower Goldturns once again. We need to also keep in mind, while buying dips and managing the range that the full retracement was not tested and only the 1st level.
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
2663 - DONE
EMA5 CROSS AND LOCK ABOVE 2663 WILL OPEN THE FOLLOWING BULLISH TARGET
2672
BEARISH TARGETS
2654 - DONE
EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE FOLLOWING BEARISH TARGET
BEARISH TARGET
2646 - DONE
EMA5 CROSS AND LOCK BELOW 2646 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2638 (DONE) - 2628
EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE
SWING RANGE
2618 - 2608
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
EURUSD Trendline Breakout Ready for a Long BullHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
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Gold Price Analysis October 15Fundamental Analysis
Gold prices found some support near the $2,638 region during the early European session on Tuesday and now appear to have halted its modest pullback from the more than one-week high reached the previous day. Persistent geopolitical risks and fears of a broader conflict in the Middle East turned out to be a major factor providing some support to the safe-haven precious metal.
However, any meaningful upside move in Gold prices appears to remain elusive amid continued buying in the US Dollar (USD), which remains well supported by expectations of a less aggressive easing policy from the Federal Reserve (Fed). Moreover, disappointment over China’s fiscal stimulus measures has failed to boost investor confidence and may have contributed to limiting the upside in XAU/USD.
Technical analysis
Note the US session port area last night around 2660 to set up a SELL signal when the European session cannot break out of that area. Port 2638 is considered an important European session price port when Gold has reacted strongly, when the gold price comes there may be another reaction. The main BUY zone when the US session is expanded to 2630-2628. The extended resistance zone of the US session is expanded to 2668-2670. Wish you successful trading
Gold's upward trend is confirmed, buy boldly on pullbacksLast Friday, gold continued to rise, reaching a high of 2661, as the US PPI data showed that the inflation outlook was still favorable to support the Fed's expectations of a rate cut next month.
From the daily chart, we can see that the gold price has now stabilized above the daily average line, and the bullish trend has continued. In the short term, as long as the gold price pulls back to the support area, it is an opportunity to buy. Now it depends on where the gold price will start to rise.
From the 1H chart, the nearest support below is around 2642, which is the 0.618 position of the Fibonacci retracement of this rise, and the second is around 2630.
In today's Asian and European trading period, the gold price pulled back to 2643 and started to rise, which has verified the support strength of the 0.618 position. Therefore, if there is no accident today, as long as it pulls back here, you can buy boldly.
My personal short position sold at 2653 last Friday has been closed with profit when it fell to 2645. Now I am waiting for the pullback to trade long positions.
10.14 XAUUSD Trading StrategyXAUUSD has just started to rise as scheduled this week. First harvest a wave of investors who shorted last week. This week is a popular start. XAUUSD still has momentum in the short-term rise, the golden hourly moving average continues to rise, and the gold bulls still have momentum, and the decline continues to go long. After all, the current international political situation still supports gold to have the motivation to rise!
However, from the technical perspective, XAUUSD has become a box trend. Judging from the current market trend, we pay attention to the short-term support level of the first line of 2635-40 below, and the first line of 2665-70 above. Breaking through this position is expected to continue to win the high position, and even hit the threshold position of the first line of 2700, so in operation, we need to follow the trend closely and don't chase orders at will!
XAUUSD operation strategy
1. XAUUSD bounces back to the first line of 2665-2670, the stop loss is 2676, and the target is 2635-2640
2. XAUUSD retraces the first line of 2640-45 and does not break the long line, the stop loss is 2633, and the target is 2660-65
Technical analysis of gold 10.15 short-term operationOn October 15, in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $2,645.42 per ounce. Gold prices rose and fell on Monday. Although the geopolitical situation provided safe-haven buying support for gold earlier, gold prices once rose to a one-week high of $2,666.70 per ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. As expected, gold rose directly yesterday, reaching a high of 2,666. However, it soon fell back, and the daily line closed with an inverted hammer line.
The 1-hour moving average of gold is still a bullish arrangement with a golden cross upward. Gold bulls still have strength to move upward. Gold has held on to the support above 2,643 twice after a high-level correction. It continues to buy on dips above 2,643 in the Asian session; but what needs to be noted today is that if gold fails to rise for a long time, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise, the possibility of reverse shorting cannot be ruled out.
BUY: 2638 Target 2655--60
SELL: 2660 Target: 2645
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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10.15 Gold Short-term Operation AnalysisGold fell for two weeks without breaking the 2600 area. On Friday, it bottomed out at 2602 and continued to rise. It is currently running at 2646. It did not continue the rise on Friday in the morning. It opened lower and fell by $10. Obviously, it is cold at high places. The continuous buying momentum of gold is not strong. Those who are familiar with the market know that if gold breaks through 2635, it will return to the 2628 to 2675 area to fluctuate. Just pay attention to the pressure of 2665 in the middle. The low opening and low movement in the morning are more due to the risk aversion on Friday. The news on the weekend is calm and there is no risk aversion news. Obviously, gold profit-taking is also a technical need. Since the high has fallen back by nearly $15, it is aggressive to participate in long-term entry, and it is prudent to participate in the 2620 loss in the lower track 2630 to 2625. Now the pressure is concentrated in the 2658 to 2665 area. We insist on not participating in any short-selling operations above 2665, unless the high is adjusted by 15 to 20 US dollars, we can choose to enter the market for short-term long positions. There is no major news today. The expected area is to fluctuate back and forth and wash the market mainly. The area is expected to be 2628 to 2675 for high selling and low buying.