Get started

Xauusd-analyse

The price of gold currently fluctuates mainly in a rangeThe overall operating rhythm of gold is range-bound. It fell for two consecutive trading days last week. Although there was a retracement today, it continued to support the low of 2732. The bottom of gold continues to rely on the position near 2730, which has been supported many times in the early stage. The resistance above focuses on the 2745, 2755 and 2760 first-line suppression. If it encounters resistance, it will lighten up its positions and continue to see range fluctuations.
TVC:GOLDLong
by Donald-trading-star
Is the bullish rally over?Gold continues to show upside potential, maintaining a bullish trend. It is currently supported around the 2731 level and may test resistance at 2758, followed by 2790. If it breaks through these levels, it could aim for a new all-time high around 2880. However, a drop below the 2731 support level would bring attention to the next support levels at 2708 and then a stronger support at 2685. Some indicators hint that a pullback might follow after testing these higher levels, signaling a possible shift toward bearish momentum.
TVC:GOLD
by adeelzahoor76
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance. The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
TVC:GOLDLong
by Donald-trading-star
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712. Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling. At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690. This encapsulates my main trading thoughts for the near future.
OANDA:XAUUSDShort
by Mia-Signal
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits. With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
FOREXCOM:XAUUSDShort
by Wealth_Waves
Gold Trading Strategy: Focus on Selling TodayYesterday, we bought and made some profits, and today we’ll primarily focus on selling. The trading signal I released before the market opened suggests selling in the 2746-2752 range, with a TP set at 2738-2734. Some friends may have already traded based on the signal they received earlier; you can still join in. Gold is currently within the selling range, and if you’re looking to place this order, now could be an even better position. I will continue to monitor market trends, and any changes in trading will be communicated promptly. Stay tuned, and feel free to leave me a message if you have any questions.
FOREXCOM:XAUUSDShort
by Wealth_Waves
The golden high will continue to be refreshed!Gold’s rally is not over yet, and highs will continue to be refreshed! Due to the strong market trend of gold, there are not too many corrections and adjustments, and the strong rhythm during the day is expected to continue to release the upper space today, so sideways or declines are opportunities to go long. The lower support for gold is around 2702. Even if there is a slight decline, gold continues to be bullish, with the upper resistance near 2722 and 2730.
TVC:GOLDLong
by Donald-trading-star
XAUUSD: Continue to be bullish, buy during pullback, target 2700Yesterday, our strategy was to wait for a pullback to the support range before buying. The direction and prediction were very accurate. The gold price pulled back from the initial 2680, the lowest was 2666, and then rose again to the historical high of 2685. Unfortunately, the lowest point of the pullback only reached 2666, which was only 1-2$ away from our buying range of 2665-2660. Therefore, I did not trade yesterday and missed a wave of nearly 20$ of rising profits. Now the gold price is still around 2680, and my view is still bullish, with a target of 2700. But there is indeed a risk of pullback if you chase the rise now. After all, the historical high of 2685 has failed to break twice, and you are not sure whether it will appear for the third time. Therefore, my trading strategy today is still to wait for the pullback to the support range before considering buying. Depending on the situation, the buying range can be adjusted flexibly.
TVC:GOLDLong
by AntonyTP
1
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data. Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil. After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided. We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold. It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615. In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here. My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
TVC:GOLDShort
by AntonyTP
Gold gonna bust a move for Q4 || 04.OCT.2024 - FOMC?!Goooood Morning Tradingview!! I am back! I'm glad to be back! I have missed y'all!! Let's dive right in!! Ok, starting from our bad mama-jamma, Monthly timeframe we can see XAUUSD is taking off! We are in an obvious bullish momentum creating new ALL TIME HIGHS each month, meaning we are in uncharted territory... YET Each week I have presented ideas that have played out more times than not. HOWEVER, Mistakes were made in my trade management. Alongside my business partner we've created a game plan that made sense to me and my trading style according to my trading personality or archetype - pretty INSANE I know! Buuuuuuuut back to today's trade. I am going to sit patiently and see which way price wants to move and when she does get ready for a big ol' heavy hitter *POW! I have my bias' for sure...PIPS OVER PROFITS!! If you've made it this far, thank y'all! Shout Out to the new follows! I am truly blessed! God bless y'all *Peace!
OANDA:XAUUSDShort
by MommaPreneur
XAUUSD: Will the decline continue after the conflict?Yesterday, the US dollar index rose for the second consecutive trading day, hitting a two-week high, supported by data showing the resilience of the US labor market and the dual support of safe-haven currency properties. It stands to reason that the rise of the US dollar index will suppress gold and cause it to fall. However, due to the sudden escalation of the geopolitical conflict between Iran and Israel, the demand for safe havens has been greatly boosted, resulting in a rare rise in gold and the US dollar together. The escalation of the geopolitical crisis in the Middle East has indeed greatly affected the direction of gold, but as of now, I don’t think gold supports the momentum to continue to rise sharply. Judging from the news, the rise in gold is due to the situation in the Middle East. If the situation in the Middle East eases next, or the situation is not as tense as the first day, then gold will still fall as it rose. Unless the situation in the Middle East will intensify in the future, and it will be more violent than yesterday’s conflict From the figure, we can see that the Fibonacci retracement of 0.618 from yesterday’s high of 2673 and today’s low of 2645 is 2655. As long as the rebound does not exceed 0.618, it is bound to fall to a new low. The short position I held yesterday suffered a slight loss due to the sudden outbreak of the Middle East conflict, but I added positions at 2655 and 2666 respectively, which increased the average price and is now profitable. In summary, I still have a bearish view, so I will continue to hold short positions.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD- More of the same today?Gooooood Morning Tradingview 🌄 So for today, no surprise to anyone, I am staying patient 😌 what I would like to see is price reach back up to the orange 5m LQZ, preferably creating some form of structure like a flag, before entering. I do see more of the same, bearish momentum towards the Daily LQZ that never got touched this week. If I "miss" my entry no bjg deal. We have news for the rest of the week with FOMC this Friday- yay! 🤗 As we can see price is inside of a nice descending (parallel) channel - inside of a larger descending parallel channel. I can see price possibly pushing up to create that 3rd touch before melting, but this is a lot of speculation and (educated) guess work on my part. This is a good thing, knowing what to look for before entering. However, I am happy to stay out of the market today if need be to allow price to truly pick a direction. 🌟 As always PIPs Over Profits 💰 I love y'all ✌🏾
OANDA:XAUUSD
by MommaPreneur
1
XAUUSD: Lows not yet seen, continue to sell at high levelsYesterday, the US dollar index began to rise after Powell's speech, reaching 100.9, and US bond yields also rebounded collectively. Affected by the rise of the US dollar and US bond yields, as well as the influx of a large amount of profit-taking funds into the Chinese stock market, gold has continued to fall recently, and yesterday's lowest point reached 2624 US dollars. So is this the low point? I think gold is currently in a downward trend and has not yet formed a bottom pattern. It will only rebound but not reverse. From the trend in the hourly chart, we can see that the gold price is running along the downward trend channel. Now it is again above the trend channel of 2645, so I think the possibility of a breakthrough is not great, so I am going to short around 2645.
OANDA:XAUUSDShort
by AntonyTP
XAUUSD: Analysis and strategy before the Fed rate decisionYesterday's view on gold was still very accurate. In the article, I clearly stated that there would be a correction before the Fed's interest rate decision, and the window period was after the data was released. As expected, under the premise of multiple negative data and a large number of long orders being profited, the gold price fell all the way to 2560, which also gave us the opportunity to close the short positions we held last week. The Federal Reserve's interest rate decision will be announced today. My prediction for a rate cut is 25 basis points. The possibility of 50 basis points is not high in my opinion, but it has to be guarded against. In the context of the upcoming announcement of the interest rate cut, today's trading strategy must be based on the number of basis points of interest rate cuts to formulate a trading plan, so I give the following suggestions for your reference: In the case of a 25 basis point interest rate cut: I personally think that the gold price will rise first and then fall. First of all, the interest rate cut is definitely good for gold, but because of the continuous interest rate cut remarks for a month, the gold price has now reached a historical high of 2590, and has digested the impact of the interest rate cut in advance. The rise in gold prices from 2530-2590 is largely due to some investors' belief that the Fed will be concerned about employment issues, which greatly increases the probability of a 50 basis point rate cut. Therefore, once the announced value does not meet expectations, the price of gold will inevitably fall. In the case of a 50 basis point rate cut: There is no doubt that gold prices will continue to rise and set a new high again.
OANDA:XAUUSDShort
by AntonyTP