What changes in gold price today ?Gold is currently trading around $2,649 USD, showing little movement compared to the same time during yesterday’s session.
Looking ahead, there’s a possibility that gold could drop to the $2,600 USD/ounce level. However, the safe-haven demand, fueled by concerns over geopolitical tensions in the Middle East, is likely to help gold regain its strength quickly.
In the short term, gold may continue its consolidation phase, much like the past few weeks, as it navigates between Middle Eastern conflict and the Federal Reserve’s monetary easing policies.
On a more optimistic note, while the surge of the USD and strong economic data could have pushed gold lower, the recent decline has been relatively shallow. This suggests that the buying interest in gold is far from over.
Metals
WEEKLY FOREX FORECAST OCT. 14 - 18th: GOLD | XAUUSD Gold is still bullish, and BUYS are still the best bet. There is the potential for an overdue retracement, but I suspect it will be limited. The formation of a +FVG will support higher prices, and we may get that on Monday's close.
Patience....
Check the comments section below for updates regarding this analysis throughout the week.
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May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
GOLD is Setting Up For LONGS! Prepare to BUY!Price is pulling back to the Daily +FVG, which is nested in the Weekly +FVG, which is intersected by the Swing High. Three strong confluences for a high probability LONG.
Be patient, look for price to contact the POI, and then let your valid buy setup form.
Let the rest unfold.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold.
Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area.
So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
The impact of Trump's failed assassination attempt on gold priceConsidering what happened to Donald Trump, it is not unlikely that gold will reach the $2500 level soon. We will wait until the excitement of the market is discharged at the reopening and after that we will decide to enter into the transaction. We are not in a hurry.
XAUUSD targeting 2725.Gold / XAUUSD is trading inside a Channel Up since August 5th.
At the moment it is on a new bullish wave. The minimum extension of such waves inside the Channel Up has been +4.80%.
As a result, there is a high probability for the price to reach 2725 on the current wave.
Follow us, like the idea and leave a comment below!!
Gold on the Verge – Breakout to 2,705 or Drop Back to 2,673?Alright, folks, Gold (XAU/USD) is flirting with a breakout. If the bulls push it past 2,705, we could see some real upside momentum. But if it runs out of steam, we might dip back toward the 2,673-2,667 support zone for a reset.
Key Levels:
Resistance: 2,705 – A breakout here could spark a rally higher.
Support: 2,673 – Bulls need to hold this line to avoid more downside.
Fallback Zone: 2,667 – If this level cracks, we’re likely heading lower.
Right now, we’re at a pivotal moment. Will buyers keep the momentum alive, or are we headed for a quick pullback? Keep a close eye on the next move—there’s opportunity on both sides.
What do you think—are we breaking higher or taking a breather? Drop your thoughts, follow, and share if this helped you get prepped for the next move.
Mindbloome trader
Trade what you see
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Once again we delivered the GOLD!!!!
Yesterday we waited for ema5 cross and lock above 2672 to open 2682, as the final target and 2690, as a potential should momentum allow. We got the cross and lock above 2672 followed with 2682 target hit.
We then advised that we are now looking for support above 2663 and 2672 for another retest on the Goldturn levels above. We got the support wick rejection above 2672 and then followed with the re-test above like we suggested, also finishing off with the last target of this chart idea at 2690 - BOOOOOM!!!!
We will now move onto our 4H chart idea for the remainder of the week or if price comes back into the 1h chart range, then we can continue to use the levels to track and trade the movement again.
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 - DONE
EMA5 CROSS AND LOCK ABOVE 2672 WILL OPEN THE FOLLOWING BULLISH TARGET
2682- DONE
POTENTIALLY 2690 - DONE
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
Dollar Index Bullish to $109! (UPDATE)The Dollar is moving ridiculously bullish for the past 3 weeks. Exactly how I said it would move to my Gold Fund investors, in our Q4 Market Breakdown report.
The U.S. elections is less than 4 weeks away & I'm expecting Dollar bulls to hold up during the elections, with all the volatility we will see in the markets.
Gold's Next Move: Will It Rebound to $2720 After a Pullback?This analysis offers an exploration of XAUUSD (Gold) price fluctuations. Recently, Gold traded at approximately $2400—a crucial support level—and subsequently commenced an ascent within a broadening wedge formation. After surpassing the $2400 threshold, it corrected toward the support line of the wedge; however, it then surged upwards, breaking the $2635 mark. The price later encountered the resistance line, but it has since begun to decline. I anticipated that Gold might retreat to the support line of the wedge before rebounding and transcending $2635 once more, aiming for $2720.
GOLD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 2694.2
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 2667.7
Recommended Stop Loss - 2707.7
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GOLD: Market Is Looking Up! Buy!
Welcome to our daily GOLD prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 2,700.385$
Wish you good luck in trading to you all!
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.51115$
Wish you good luck in trading to you all!
Gold Breaks Resistance: Bullish Momentum or Reversal Ahead?Gold Technical Analysis
The price has recently broken above the resistance line at 2,677 and is attempting to stabilize above this level.
If the price closes a 4-hour candle above 2,686, it could signal further bullish momentum, with potential targets at 2,698 and 2,723.
However, if the price fails to maintain above 2,686, a pullback toward the support levels of around 2,661 and 2,624 may occur.
Direction:
Bullish: A sustained close above 2,686 would support a continued upward movement towards higher resistance levels.
Bearish: If the price fails to hold above 2,686 and reverses, watch for a potential decline toward the support zones.
Key Levels:
Pivot Point: 2677
Resistance Levels: 2686, 2698, 2723
Support Levels: 2661, 2653, 2638
Trend:
Bearish below 2677
Bullish above 2677
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold.
Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area.
So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
SPY/QQQ Plan Your Trade For 10-17 : CarryOver In CarryOver ModeGood morning,
Great to see the ES/NQ rallying higher this morning - in perfect alignment with my SPY Cycle Patterns & predictions.
Gold & Silver are also moving slightly higher - but remember My Gold patterns suggest Gold & Silver will consolidate a bit in early trading today.
BTCUSD is a really interesting chart, in my opinion. The multiple Excess Phase Peak patterns are playing into a potentially very large downward price move.
Pay attention to all of the content in this video today because we are moving into the end of this week - which means we need to prepare for the volatility that starts next week.
As I keep suggesting to everyone, trading is about attempting to time the best opportunities for success. Knowing when something may happen that creates an opportunity, setting your risk levels, and going for it.
I wish I could tell you, "Trading is like picking red or black". It's not.
Trader's have to develop almost a 6th sense to be able to see and visualize what is most likely to happen in the future. My tools help me see into the future a bit, but a lot of my analysis comes from within my head.
Anyway, the best way for you to learn these skills is from someone who can mentor you and show you what they are seeing on the chart. Teaching you the skills to improve your own abilities to make better decisions.
That is what I'm doing.
Over time, you will learn to use these techniques to make better decisions and become a better trader (at least that is my objective).
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD - Price can exit from wedge and fall to $2625 levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A not long time ago price fell to $2625 level and then bounced up to $2665 level, after which started to decline inside channel.
In falling channel, price some time reached $2665 level, but couldn't break it and later Gold fell below $2625 level.
Price exited from falling channel and started to grow inside wedge, where it broke $2625 level one more time.
Later price made a gap and made correction to support line of wedge, after which bounced up to resistance line.
Also, price broke $2665 level, and at the moment it continues to grow near resistance line of wedge.
So, I think, Gold can rise a little, exiting from wedge, and then bounce down to $2625 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XAUUSD: 17/10 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2622
Four-hour resistance 2685, support below 2665
Gold operation suggestions: Yesterday, gold technically relied on the 2660 mark to usher in a unilateral rise t breakthrough. The US market accelerated its high and pierced the 2685 line, and then fell under pressure and fell into shock. The overall price stabilized at the 2660 mark in the short term, further continuing the strong rise of bulls. The short-term bullish strong dividing line focuses on the 2650 mark. The daily level stabilized at this position and continued to follow the trend of low-multiple rhythm. Short selling can only enter the market at key points, and enter and exit the market quickly.
From the current market trend, pay attention to the short-term support of 2665 line below, and still pay attention to the short-term suppression of 2685 line above. Breaking through the position will see the 2700 line. Gold is still in a long arrangement, and the daily line has also formed a long arrangement. The moving average system is also relatively perfect. Our target for this round will be the 2700 line! Be patient and wait for the key points to enter the market.
BUY:2670near SL:2668
BUY:2665near SL:2661
Technical analysis only provides trading direction!
Since it is not real-time trading guide, please use a small SL to test the signal.
PLATINUM Strong rebound on the 1D MA200.We got a perfect bottom buy entry on Platinum (XPTUSD) last time we analyzed it (August 30, see chart below), with the price already halfway to our 1090 Target:
As you can see, the price action is almost a perfect mirror image of September - December 2023. Now that the price has confirmed the new Bullish Leg with a strong rebound on the 1D MA50 - 1D MA200 zone (blue and orange trend-lines respectively), we can expect it to complete the pattern and complete a +20.86% rise, right where our 1090 Target is.
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XAUUSD: bounce double top, break support to new downtrendWe have a supporting Upward Trendline with a strong daily support foundation.
If we bounce from the ATH double top and get rejected to the daily support AND break the upward trendline, we might see a break of the strong daily support foundation to create an new downtrend.
COPPER High probability buy signal on the 1D MA50.Copper (HG1!) is about to hit its 1D MA50 for the first time in a month (since September 16), following a 1D Golden Cross. Coming off a Higher High rejection within a short-term Bullish Megaphone, if the 1D MA50 holds, it is technically the perfect buy entry.
This Bullish Megaphone is essentially the Bullish Leg of the 2-year Channel Up. The symmetrical Bullish Megaphone of September 27 2022 - January 18 2023 peaked on the 0.786 Fibonacci retracement level. As a result, our Target is 4.900.
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