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Gold price analysis October 30Fundamental Analysis Gold prices rose to a fresh record high in Asian trade on Wednesday as uncertainties surrounding the US presidential election and Middle East conflicts continued to boost demand for traditional safe-haven assets. Additionally, a slight decline in US Treasury yields and weak US Dollar (USD) price action benefited the precious metal. The supportive factors, to a large extent, overshadowed the bullish market sentiment, which tends to weaken the commodity. Even expectations of fewer rate cuts by the Federal Reserve (Fed) and higher US Treasury yields could not mask the underlying bullish sentiment surrounding non-yielding Gold. However, it remains to be seen whether buyers can build on the upside momentum amid mildly overbought conditions on the daily chart and ahead of key US macro releases. The data could provide signals on the Fed's interest rate outlook and determine the next step in the directional move for XAU/USD. Technical Analysis Gold is at an all-time high with expectations of retests to continue buying in line with the trend. The first areas of interest are the breakout zone at 2770, the next around 2761 and the last area of ​​interest around 2745. These are the 3 important support areas with the aim of reaching the 2800 round port. Only consider scalping in the psychological price zones of 2785 -2790-2800.
OANDA:XAUUSD
by TVS-Trader
2
World gold prices increased again, towards 2,800 USDSince the beginning of the year, gold prices have increased more than 34%, due to the conflict in the Middle East, the US Presidential election and the US Federal Reserve (Fed) reducing interest rates. Investors are currently waiting for a series of US economic data to be released this week, including the employment report and the personal expenditure price index (PCE) - the Fed's favorite inflation measure. These data may impact the Fed's interest rate decision at its meeting on November 7. Markets currently place the probability of a Fed rate cut of 25 basis points (0.25%) next month at 98%. "Gold prices will still tend to increase, possibly even to 2,800 USD in the next few days, because the US election is still putting pressure on the market and the possibility of the Fed reducing interest rates is almost certain," Han Tan - market strategist at Exinity Group said. 🔥 XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold price forecastWorld gold prices increase when the USD index decreases. Recorded at 9:00 a.m. on October 30, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,114 points (down 0.02%). According to Kitco, world gold prices increased sharply, breaking the threshold of 2,780 USD/ounce when receiving many supporting factors. In one week, Americans will officially go to the polls to elect a new Congress and president. Information surrounding the election fueled instability in financial markets, causing investors to turn to gold as a safe-haven asset. Increased safe-haven demand for gold has helped push gold prices toward all-time highs. Today, several economic data could affect gold prices, including ADP employment data, third quarter GDP and US pending home sales. Monetary policy decisions of the Bank of Japan. Economic data to watch this week include core PCE, personal income and spending and US weekly jobless claims on Thursday and US nonfarm payrolls and PMI measures manufacturing sector's economic performance on Friday. 🔥 OANDA:XAUUSD Sell now 2778 - 2780🔥 ✔️ TP1: 2760 ✔️ TP2: 2750 ✔️ TP3: OPEN 🚫SL: 2786
OANDA:XAUUSD
by FalCol_TradingMaster
EUR/USD Consolidates Before Continuing UptrendBased on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this resistance, we can expect a strong increase, but in the short term, the fluctuation in this zone will continue.
by Naoomi
Gold Price Rises Strongly Amid US Political Uncertainty ConcernsBased on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last week further reinforces this trend. Currently, the price is at $2,778/ounce, but if it approaches the upper resistance line of the bullish channel, the price may correct slightly before continuing the upward trend. However, if the political situation continues to escalate, the possibility of breaking the resistance and reaching higher levels is very high.
OANDA:XAUUSD
by Naoomi
1
Bitcoin Breaking Higher Highs: What to Watch for NextBitcoin is currently breaking above a recent higher high, signaling potential for continued upward momentum. If it successfully surpasses this level with strong volume, it could indicate that buyers are in control and ready to push prices higher. However, it’s essential to wait for confirmation—this means letting Bitcoin close above the high to avoid a potential false breakout. By waiting for a clean break, traders can enter with more confidence, aligning with the trend and reducing risk. If this higher high holds, it may serve as new support, creating a solid foundation for the next move upward.
Long
by Professor_Noah
1
AUD Gets a Pullback . Are We just Before The Big Move up ? AUD/JPY Analysis: First of all, we can agree that AUD/JPY OANDA:AUDJPY is overall bullish. However, after reaching the order block at the current levels, we might see a price retracement after a rejection. Historical performance suggests that we could experience a pullback later this week. JPY Strength: The JPY PEPPERSTONE:JPYX seems to be gaining strength, at least for now. Market Structure: We’ve got a swing CHoCH (Change of Character) on a higher time frame, indicating that a pullback before a continuation of the upward trend seems to be the right approach. Gold Correlation: Gold TVC:GOLD is also at its highest, and a potential price pullback could align with the expected retracement in AUD/JPY. Short-Term Outlook: Short Position: In the short term, a pullback presents a good shorting opportunity for AUD/JPY. We just got to The golden Fib level Had a Bearish Liquidity grab and got the minor reversal signal on the Oscillator Matrix. would be great to confirm the structure change on the lower Time Frame Long-Term Outlook: Long Position: Long term, the overall bullish trend remains intact, so longs are still the preferred direction. For a major short, we would need to see the price reach significantly higher levels than where it is now.
Short
by GlebalTrader
SEI Long Spot Trade (CHoC & Support Flip)Market Context: SEI’s recent price action is suggesting a potential reversal with a Change of Character (CHoC) confirmed by a higher high and a retest of the $0.35 resistance as support. A reclaim of the 200 EMA as support would add strength to the upward continuation outlook. Trade Setup: Entry: Around $0.40 Take Profit: First target: $0.63 Second target: $0.89 Stop Loss: Daily close below $0.34 This setup is positioned to capitalize on the momentum shift, with upside targets aligning with higher levels if support holds. #SEI #Crypto #Trading
Long
by Richtv_official
MYRO Long Spot Trade (Structure Shift & Support Flip)Market Context: MYRO has reclaimed the $0.10 level, flipping former resistance into support and signaling a structure shift to the upside. This provides a solid entry zone with a favorable risk-to-reward ratio as the setup targets mid-range and higher levels. Trade Setup: Entry: Around $0.11 Take Profit: First target: $0.16 Second target: $0.22 Third target: $0.26 Stop Loss: Daily close below $0.09 This setup capitalizes on the structure shift with targets aligning with key levels. #MYRO #Crypto #Trading #SupportFlip
Long
by Richtv_official
NZDJPY What Next? SELL! My dear followers, I analysed this chart on NZDJPY and concluded the following: The market is trading on 91.609 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 91.230 Safe Stop Loss - 91.834 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
AUDCAD On The Rise! BUY! My dear subscribers, AUDCAD looks like it will make a good move, and here are the details: The market is trading on 0.9117 pivot level. Bias - Bullish My Stop Loss - 0.9084 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.9177 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPCAD Massive Short! SELL! My dear followers, This is my opinion on the GBPCAD next move: The asset is approaching an important pivot point 1.8040 Bias - Bearish Safe Stop Loss - 1.8084 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.7967 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1