GOLD , cac break the roof ?GOLD , cac break the roof ?
XAUUSD (GOLD) can break ? asa you see on the chart.
can we see a new high price again ?
Xauusd(w)
October 26, 2024! Xau! Cow marketGold price increased slightly on Friday after recovery after profit -taking due to tensions in the Middle East and worried about the election in the United States that supported the price, while the palladium price expanded to the highest level in 10. month.
The monetary loosening policy of large central banks is also a factor to promote gold prices. According to CME's Fedwatch Tool, the market expected 97% of the US Federal Reserve (Fed) to reduce interest rates in the November meeting, helping to support gold prices.
Technically: The main and long -term trend is still increasing the price on almost all time frames. On the other hand, before the weekend gold price has a spectacular breakthrough from the resistance level 2740, this shows the significant power of the ruling faction. In addition, technical factors also support gold prices, promoting the purchase of markets of the market will continue without any significant reversal. Thereby, has expected the upward trend to continue, capable of achieving high levels of about $ 2758 earlier. Currently this pair of money is fluctuating about $ 2747 and close to the psychological threshold of $ 2750.
Gold waiting for new waves: The opportunity to grow this weekHello everyone,
What are your thoughts on gold prices? Let’s discuss and strategize together today!
Looking back at last week, despite facing strong profit-taking pressure after reaching a new record high, gold demonstrated its resilience and ended the week around $30 higher than the previous week’s close. As of early Monday, it is trading near 2733 and performing well within an upward channel on the 1-hour chart.
Key factors impacting gold this week: Gold prices are expected to experience significant volatility this week as the market anticipates several crucial data releases, including the U.S. jobs report on Friday morning. Currently, economists predict 140,000 new jobs for September, a notable decrease from August’s 254,000. Investors are also watching for Q3 growth data, pending home sales, the Bank of Japan's monetary policy decision, core PCE index, personal income and spending for September, and weekly jobless claims. These data points will provide investors with more clues about the Federal Reserve’s future monetary policy direction, which could impact gold’s trajectory.
Outlook for XAUUSD: On the 1-hour chart, as Ben mentioned earlier, XAUUSD currently has strong support around the 2725 level. A break below this level could lead to a significant price drop, while maintaining it would support further gains. Upon close observation, it’s evident that the pair is gaining upward momentum from the trendline, and a recently opened gap has bolstered buying sentiment. If the upward momentum continues, the next resistance targets for XAUUSD are 2747 and 2758.
GOLD → Consolidation amid a bull run. What to expect?FX:XAUUSD is forming a sideways range of 2758 - 2713. Relatively strong support is forming to confirm the buyer's intentions, and the fundamental background is still favorable for the ATH retest
The dollar continues to rise on the back of a less aggressive easing cycle from the Fed, as well as the upcoming US election. In general, this is a negative leverage against gold.
BUT. The decline in the gold price remains limited due to renewed expectations of additional stimulus measures in China, as the largest gold consumer in the world, and the situation in the Middle East, where there is no hint of de-escalation of the situation.
The situation, technically, is simple. Trade inside the range and exclusively from strong levels. A possible retest of the range boundary, post facto, will determine the future prospects.
Resistance levels: 2745, 2758
Support levels: 2728-2724, 2713
Bounces or false breakdowns may be formed against the boundaries, as gold is flat. Another retest of resistance may lead to a breakout and growth towards ATH. It can also happen after the support retest before further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
Direction Likely: Upward Bias with Short-Term Bullish Potential
Based on the current 1-hour chart analysis and other indicators, the likely direction for XAU/USD (Gold) is upward in the short term.
Gold is likely to move upward toward 2,758-2,760 if current bullish conditions persist, supported by the Ichimoku trend and volume strength. However, watch for any signs of reversal if the price fails to maintain above 2,748, which could indicate short-term exhaustion.Immediate
Outlook:
Primary Bias: Bullish in the short term, with the price likely to move toward the resistance at 2,758-2,760.
Support to Watch: If the price fails to break this resistance, a pullback could test the 2,748-2,750 zone, where the Conversion Line and Leading Span A provide support.
Key Indicators Pointing to Bullish Momentum:
Price Above the Ichimoku Cloud (Kumo):
The price is trading above the Kumo, which is a strong indicator of a bullish trend. The cloud below acts as dynamic support, suggesting buyers are in control.
Chikou Span (Lagging Line) Confirmation:
The Chikou Span is also above the price, further confirming the bullish momentum. When the Chikou Span is positioned like this, it reinforces that the trend has backing and is less likely to reverse in the immediate term.
Volume and RROF Signals:
Volume is above the average, signaling strong buying interest, while the RROF (Rate of Rate of Force) shows green momentum, indicating continued buying pressure. This supports the case for further upward movement.
Key Resistance and Target Levels:
The nearest resistance level is around 2,758.34, marked by previous highs and a Fibonacci extension target. If the price breaks and holds above this, we could see it pushing towards the next target at 2,761.
Long Entry: 2,748.50
TP1: 2,755.00 (127.2% Fibonacci extension, aligning with upper resistance levels)
TP2: 2,758.50 (reaching the 161.8% Fibonacci level)
SL1: 2,745.50 (below Ichimoku Base Line and within the Kumo support on the 1-hour chart)
SL2 Trailing: Move to 2,749.00 once TP1 is reached
XAUUSD Waiting for Rising Wedge BreakoutBased on the chart of XAUUSD, I see an ascending wedge pattern forming, with the possibility of a strong price increase upon breaking the resistance. The EMA(34) and EMA(89) are still below, supporting this uptrend. If the price continues to stay within the wedge pattern and then breaks above, we can expect a strong increase to the $2,800 area or higher.
Gold prices slipped slightly this week amid strong USD demand.Gold prices (XAU/USD) faced pressure on Friday, erasing some of the previous gains due to USD buying amid a weaker dollar and expectations of less aggressive easing from the Fed. Positive sentiment in the stock market also reduced demand for gold.
However, political uncertainty in the U.S. ahead of the November 5 presidential election, ongoing geopolitical risks in the Middle East, and falling Treasury yields continued to support gold prices, leading to caution about whether XAU/USD has peaked.
Personal opinion:
The 2,640-2,645 range is becoming a strong barrier. If the price breaks above this level, the head and shoulders pattern will be invalidated, allowing gold to challenge the historical high around 2,658-2,659 that it reached earlier this week. If it continues to rise, XAU/USD could reach 2,770, which corresponds to the resistance level of the nearly four-month upward trend, before targeting the round number of 2,800.
Attention to price range:
Buy Zone: 2719 - 2717
SL: 2712
Sell Zone: 2748 - 2750
SL: 2755
Sell Zone: 2758 - 2760
SL: 2765
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,757.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,755.30.
Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAUUSD : The uptrend continues !Let's dive into today’s gold price trends!
As of early Tuesday trading, gold is in recovery mode, continuing its upward momentum. The precious metal is hovering around the $2,754 mark, showing resilience even as the USD attempts to regain its upward trend.
This week, all eyes are on a series of key U.S. economic reports that could provide further insights into the Federal Reserve's policy direction. The reports include private-sector employment data, core personal consumption expenditures (PCE), and the non-farm payroll numbers.
Market expectations suggest there's about a 95% chance the Fed will reduce rates by 25 basis points in November, which would be a supportive factor for gold’s strength.
In the short term, gold is nearing resistance at $2,757. Should it break through, we could see more gains, supported by the 34 and 89 EMA levels and current support lines. If resistance holds, however, gold may need to consolidate around nearby support levels to build further momentum.
Happy trading, everyone!
XAUUSD Sell signal for fast profits.Gold has entered a consolidation phase through a Rectangle pattern that is almost identical to September 26th - October 8th.
The MA200 (1h) hasn't been tested yet, so there is downside potential still.
Trading Plan:
1. Sell on the current market price as we're forming a Channel Down like October 4th-8th.
Targets:
1. 2725 (Support 1).
Tips:
1. MACD (1h) sequence is also fairly similar to the early October fractal, suggesting also strong short term bearish potential.
Please like, follow and comment!!
Notes:
Past trading plan:
XAU/USD: Final NFP before Election Americans continue to rank the economy as their top issue, and the final Non-Farm Payrolls (NFP) report before voting day, offers a crucial signal this coming Friday.
September saw a gain of 254,000 jobs, but forecasts point to a marked slowdown, with expectations hovering just above the 100,000 mark. The expected downturn stems from several factors, including back-to-back hurricanes disrupting the Southeast of the country.
For now, gold is trading below Friday’s close (but for how much longer?) as markets react to limited Israeli action against Iran. Tehran has indicated it won’t retaliate, easing geopolitical tension and potentially reducing demand for the haven asset.
Gold Out lookWe have a mixed overview on gold as todays market opening has gone against our anylisis but as i always say no one is perfect in this market there is a probability Rati in this game so we are still bullish over gold but as gd is moving in a Minor 1H channel and has is consolidating in the channel we will be looking for buys when the pair breaks the channel above and currently its moving to its 4H Support level if price rejects the level and moved back and breaks above the newely formed resistance level of 2740-44 we will seek a bullish position as the price is consolidating we are bearish to 4H Support
XAUUSD PERSPECTIVEIt's been awhile.
Kindly remember, Elliott Wave is highly subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers.
GOLD SHORT TO $2,540 (4H TF)⭕️5 Wave Bullish Move Complete.
⭕️Overbought Market Conditions.
⭕️DXY (Dollar Index) Bullish.
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it.
This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars.
Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise.
On the contrary, if it closes below 2735-2740, there may be adjustments.
For the day, I am more optimistic about buying at low levels and bullish
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our plans to buy dips playing out perfectly!
Market opened with a gap down hitting our bearish target at 2636 followed with a cross and lock opening the retracement range. 2728 Goldturn was hit perfectly followed with a bounce into 2736 and now heading towards 2746.
We already had a candle body close above 2746 before market open with a gap above at 2752. Ema5 cross and lock above 2746 will open the full range above. Failure to test and break 2746 will see price test the lower Goldturns again, keeping in mind the full retracement range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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.
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
BEARISH TARGETS
2736 - DONE
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 (DONE) - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
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
GOLD What Next? SELL!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2740.0 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 2729.5
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.
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WISH YOU ALL LUCK
Gold 1H Intra-Day Chart 28.10.2024Despite the 120 PIPS gap on market open for Gold last night, price has pushed back up again covering most of the gap. Currently a lot of choppy price action. Here is what I am looking for next;
Option 1: Gold carries on dropping lower now towards $2,680 as first target.
Option 2: Gold pushes a little higher towards $2,770 - $2,785 next.
GOLD My Opinion! SELL!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 2745.4
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 2736.2
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Xauusd Gold is having a hard time building on Friday's gains and trades in a narrow band below $2,750 on Monday. Nevertheless, safe-haven demand stemming from Middle East tensions and US election jitters help XAU/USD limit its losses.
Confirm signal
XAUUSD / UNDER TENSTION OF THE MIDDLE EAST / 1HXAUUSD / 1H TIME FRAME
HELLO TRADERS
Current Price Movements ,The text notes that after an Israeli attack on Iran, gold prices surged, reaching an all-time high (ATH) of around $2,758. This is a typical reaction as investors often view gold as a safe-haven asset during political unrest, causing demand—and prices—to rise.
Demand Zone , Between $2,739 and $2,734, this zone is where buyers may step in if prices drop, creating a potential “floor” for further increases.
Supply Zone ,Between $2,754 and $2,758, this zone acts as resistance, meaning sellers may dominate here, capping short-term gains. Breaking above this level could push prices to a new ATH of $2,775.
If the price breaks the supply zone ($2,754–$2,758), it may rise further, suggesting momentum toward $2,775 or beyond.
If the price falls below the demand zone ($2,739–$2,734), it may decline toward the next support level between $2,722 and $2,717.
Overall Trend: The text suggests that gold prices are under upward pressure, largely due to geopolitical instability, and are likely to continue rising unless key support levels are breached.
The golden convergence triangle oscillates upwards!Today's trend did not continue the strong rhythm of last Friday. Although the lowest test of gold was around 2724.60, the rapid rebound showed that there was some support below. The overall low point of gold's fluctuation was moving upward.
Gold's lower support is near 2728, and its upper resistance is near 2745 and 2749.
Strategic Gold Trading in NFP Week: Steady PositioningStrategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach.
Specific Trade Setups:
Enter long positions on gold between the 2725-2728 range
Initiate short positions on gold between the 2737-2739 range
Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
