Selling gold price is the best timeOvernight, gold prices reached a new high, resulting in substantial profits for long-position traders. Market participants who responded to the news and utilized effective strategies achieved significant gains.
Market Trend Analysis: Currently, gold prices have entered an overbought zone, facing considerable short-term pullback pressure. Additionally, geopolitical tensions have eased, providing more volatility opportunities for the market.
In this environment, short-selling is undoubtedly the more prudent choice. Over the past month, we have consistently delivered precise rapid trading strategies, with participants achieving at least four notable profit opportunities each day.
Current Market Conditions: The spot price of gold is $2757. The strategies are as follows:
Short-sell when the market reaches $2765-$2770;
Go long when the market falls to $2749-$2744.
Trading strategies and signals are time-sensitive, so please stay tuned for the latest updates to capitalize on optimal trading opportunities.
OANDA:XAUUSD OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
Xauusdbuy
Gold breaks new high againGold prices hit a high of 2509 last Friday and closed at 2506, crossing the 2500 mark for the first time in history. Last week, it closed steadily at the 2500 mark. Although it fell back at the opening of this week, the support of 2480 below was not broken, and the overall bullish thinking remains. If the gold price can remain above the key support level and the technical indicators show a positive trend, you can consider going long on dips; if the gold price approaches the important resistance level and the technical indicators show signs of overbought or divergence, you can consider going short on rallies.
- Operation strategy:
- Pay attention to the 2528 position. If it reaches the 2525 position, you can try to go short with a light position, and then watch the gold price go down to test the 2500 support. The stop loss of short orders can be set in the 2530-2535 range. You can go long directly at 2500, TP2530-40
Gold Trading : A Must-See OpportunityToday’s trading went very smoothly. I sold at 2746, took profit at 2738, then bought back at 2738 and closed in the 2742-2745 range—perfectly timed.
Some friends receive only one signal a day, while others get two, and some can access every trading signal I send. It all depends on your individual choices and preferences.
Currently, gold has broken above MA5 and returned to 2746, with MA60 as a reference for support and resistance temporarily at 2750. Today’s decline started from this level, and any upward movement will need to be assessed through trend lines, targeting around 2760.
If it truly rises to this level, I believe there’s a high chance it will drop back to around 2750.
Gold prices will continue to rise after the market opens
As of the market close, a total of six trades were executed today, with two sell orders at $2732 and $2738, and four buy orders around $2727. All members of the rapid trading strategy group reported profits, and low-position buy orders are being held into the close, anticipating a target exit above $2731 tomorrow.
The current market remains in a bullish trend, with recent pullbacks considered mere technical corrections. The recommended strategy is to focus on buying at lower levels, with critical support identified in the 2700-2712 range. I expect the market will likely break through upper resistance this week.
While the U.S. dollar remains strong, the impending impact of interest rate cuts could provide upward momentum for gold. Additionally, geopolitical factors may also support price increases. In the coming hours, gold prices are expected to experience notable gains, making buying at the market open a prudent choice. The likelihood of an upward movement in the Asian market is very high, followed by a technical correction in the London market before a significant rise in New York. This is my fundamental view for the market tomorrow.
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Some investors may perceive limited trading opportunities in gold, even facing ongoing losses; however, I disagree. As Warren Buffett famously said, "Be fearful when others are greedy, and greedy when others are fearful." Market opportunities often lie within the current volatility. If you are facing losses, low profits, or uncertainty about your trading direction, please feel free to reach out—I will respond promptly.
Wishing everyone profitable trading in the market each day.
Gold will rise again to 2740The buy signal released before yesterday's close perfectly hit the take-profit target at today’s opening, bringing in substantial profits. Currently, gold is hovering near MA5, with MA60 and MA30 acting as support. I believe we can continue to buy, setting a take-profit target in the 2737-2743 range.
GOLD Bulls Are Still In Control. Next Stop 2800?Gold has been rallying and is at a new all time high. Looking for price to consolidate or pull back before the next rally. It's also possible we could get a breakout above recent highs.
Key Intraday Sup around 2740
Key Res 2750
If QP 2750 turns support, we will target the next large QP then the next major QP.
1st Target 2775
2nd Target 2800
XAU ! 10/22 ! maintain the uptrend 2755XAU / USD trend forecast October 22, 2024
Gold price (XAU/USD) gains momentum on Tuesday, approaching its all-time high as the European session nears. Ongoing uncertainty around the November 5 US presidential election, risks of a wider Middle East conflict, and expected rate cuts from central banks continue to support gold as a safe-haven asset.
A slight dip in the US Dollar also boosts demand for gold, but expectations of modest rate cuts by the Federal Reserve, which keep US Treasury yields elevated, could limit further USD weakness and act as a barrier for additional XAU/USD gains amid slightly overbought conditions.
H1 long term frame is still supporting the upcoming uptrend - breaking 2740 and hitting new ATH coming soon
/ // BUY XAU : zone 2727-2724
SL: 2719
TP: 50 - 100 - 300 pips (2754)
/// SELL XAU : zone 2752-2755
SL: 2760
TP: 50 - 200 - 300 pips (2725)
Safe and profitable trading
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01.
Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory."
Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs.
⭐️Personal comments NOVA:
After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2760 - $2762 SL $2767
TP1: $2750
TP2: $2740
TP3: $2730
🔥BUY GOLD zone: $2695 - $2697 SL $2690
TP1: $2705
TP2: $2715
TP3: $2730
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD: Continue To Sell, TP 2719-2713Recently, due to escalating international tensions, gold prices have soared, leaving Friday’s short positions in a losing state. From a technical perspective, short positions should have started to push back if it weren’t for the news. Currently, the MACD shows a continuous top divergence, but the ongoing war has rendered technical analysis somewhat powerless, which is a major reason for the predicament.
I believe that news will also have a buffering period, during which the market will return to technical patterns, creating crucial opportunities to turn losses into profits. In today’s U.S. session, there is a high probability of a downturn in gold, with my expectation around 2716, so short positions will remain my primary focus for trading today.
If your positions are also trapped, please reach out to me so we can work together to find a way out.
An Analysis of Short Position StrategiesCongratulations to the investors who followed my trading strategy yesterday, successfully going long at low levels and securing two profitable waves, yielding substantial returns. Today, we must continue to seize market opportunities.
Fundamental Analysis:
U.S. Secretary of State Antony Blinken made another visit to the Middle East on Monday, advocating for a ceasefire and seeking to restart negotiations to end the conflict in Gaza and mitigate the escalation in Lebanon. This news has slightly dampened the demand for gold as a safe-haven asset, reducing market interest in buying.
Technical Analysis:
The current hourly chart shows signs of a double top formation, with gold facing strong resistance at the 2740 level. If this resistance is not breached during today’s European and U.S. trading sessions, gold prices are expected to test this level repeatedly.
In summary, the fundamental factors have weakened the upward support for gold, while the technical double top resistance reinforces this outlook. Therefore, today's trading strategy for gold should primarily focus on short positions at high levels. Should you require detailed guidance on short entry points, please feel free to contact me for professional advice and support!
Gold Trading Success: Future Strategies (BUY)Today has been a perfect day as we successfully hit our target of 2720, securing impressive profits. Currently, gold is showing a U-shaped bottom trend, with key resistance at MA5 and MA60, leaving about $5 of room before reaching MA60.
I believe this space can be utilized. If it fails to break through, we will choose to close positions here; however, if it does break, I expect prices to rise towards the 2728-2734 range.
In case of a reverse drop, I suggest adding orders in the 2713-2707 range, with a take-profit target set at 2718.
Gold Will First Fall To 2720The New York trading session has begun, bringing more market opportunities! I’m sure there are others out there still holding onto the 2723 sell order like I am. For now, I'm not planning to touch it—I’m waiting for profits. The price is still above the MA5, so I just need to wait for it to break, followed by the MA30. By Tuesday or Wednesday, the price should drop to at least 2720, and that’s when this order will become profitable!
In the meantime, I’ll continue trading other signals. While there are plenty of opportunities in the market every day, I can't guarantee I'll catch every single fluctuation.
As long as it's a signal I send out, I will track it thoroughly until the order is completed perfectly! Trust me—every trade you make will receive expert guidance and support. Together, we’ll lock in profits and achieve wealth growth!
XAUUSD is about to reach 2800, trading strategyIn the first trading day of the week, the Asian session for XAUUSD continued its upward momentum, with prices approaching $2733, setting a new historical high. However, by the end of the Asian session, gold prices retreated from these elevated levels.
Fundamental Analysis: Despite the dollar remaining close to its highest level since early August, uncertainty surrounding the U.S. presidential election and expectations of Israeli retaliation against Iran have fueled demand for safe-haven assets. The recent surge in gold prices has occurred amid a strengthening dollar and rising U.S. interest rates, with escalating tensions in the Middle East. The upcoming BRICS summit highlights the continued demand for gold among central banks, indicating a bullish trend from a fundamental perspective.
Technical Analysis: Currently, there are no significant resistance levels for gold's upward trend, especially after breaching new highs and surpassing previous resistance levels. Market sentiment remains increasingly bullish. From the 4-hour chart of gold, the 50-period Exponential Moving Average (EMA) continues to provide support. However, historical trends suggest that the current upward movement may trigger some profit-taking, potentially forcing gold prices into a short-term correction before resuming the upward trajectory.
Therefore, it is recommended for day traders to consider going long on XAUUSD during any pullbacks. For detailed entry points for long positions, please feel free to contact me, and I will provide you with professional analysis and guidance.
#XAUUSD: $3000 Year End Target! Swing Buy Our recent analyses have yielded substantial gains, exceeding 5,000 pips in total. Given the current market conditions, with the price reaching the 2,740 level, we anticipate a potential bearish correction towards the 2,680 region. This area serves as a critical support level for swing buyers. Accordingly, we recommend exercising caution and awaiting a more favorable entry.
good luck and trade safe!
New ATH continues! Gold broke out this year⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rises to around $2,720 during Monday’s early Asian session, driven by ongoing Middle East tensions and uncertainty surrounding the US presidential election.
Geopolitical risks, particularly Hezbollah's escalation of conflict with Israel, have prompted investors to seek safety in gold. Additionally, concerns over the upcoming US election and expectations of looser monetary policies from the Federal Reserve further support the metal’s upward trend, according to Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany.
⭐️Personal comments NOVA:
Gold prices are continuously increasing, creating ATH after military tensions in the world - currently the top asset type to accumulate in the world, continuing to be expected to increase anew this week.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2743 - $2745 SL $2750
TP1: $2735
TP2: $2720
TP3: $2710
🔥BUY GOLD zone: $2707 - $2705 SL $2700
TP1: $2715
TP2: $2722
TP3: $2730
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Break M45 - continue to increase waiting for 2745! 10/21XAU / USD trend forecast October 21, 2024
Gold price (XAU/USD) continues Friday’s breakout above $2,700, gaining momentum for the fifth straight day at the start of the week. This marks its seventh positive day in the last eight, reaching a new record high above $2,730 during the Asian session. Ongoing geopolitical tensions in the Middle East and political uncertainty in the US ahead of the November 5 presidential election support the safe-haven demand for gold.
2 M45 trend lines - gold price continues to rise. Wait for correction to touch EMA then continue to increase.
/// SELL XAU : zone 2745-2747
SL: 2753
TP: 50 - 100 - 300 pips (2717)
Safe and profitable trading
Gold Trading Strategy: Today's Gains and Future OutlookBefore Friday’s close, I chose to buy gold at 2719. Today, the opening price rose, and I closed positions at 2723 and 2725, selling within the 2723-2732 range.
Currently, the order at 2732 has closed at 2725. The price has dropped to MA30, showing support, though not strong. I believe it will find better support at MA60 (2715). Before that, if a rebound occurs, I consider MA5 (2728) as a reference for resistance.
Today has been another profitable day. I'm looking forward to the New York session, where market volatility will increase, and we’ll continue trading then!
XAUUSD: +1100 pips move in making! Let's catch the big move? Dear Traders,
We have possibly a great chance to buy Gold as it is currently in a correction mode. After evaluating how price behaved in last two days we think there is a gap that price needs to filled before it continue the bullish momentum. Also there are big talk of ceasefire in ongoing conflict, if that happens the gold will likely to drop further than what we have identified. Please if there is sudden drop and price does come to our area, do not just enter wait for 4 hours or 2 hours candle to close before taking any entries. Also this is not a guaranteed chart analysis and this is just our view, you can use this as educational purposes. Good luck and trade safe.
XAUUSD: + 1000 PIPS Buying Opportunity; One not to miss! Dear Traders,
As we predicted price to fell to 2630 region and reverse from there in our last trade setups, price did exactly that. Currently price is gathering enough liquidity and volume before it continues going up. The notable thing that I would like to point out here is we have big news coming up this week. So keep that in mind.
#XAUUSD: Daily ViewPoint Will War Conflict Affect The Gold PriceDear Traders,
Gold has been in range at the moment the HH of day week it created when it reached 2670 and then dropped to 2645 level. Currently ranging between these two levels. What we are thinking here is that there is possibility that price continue the range until the friday when we have nfp. That will be crucial for the price to decide its future trend.
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs.
Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices.
Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous.
The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall.
From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level.
But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain.
The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction.
So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.
XAUUSD: $2740 Big Move In Making! Swing BuyDear Traders,
The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels.
A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block.
We extend our best wishes for a successful trading week.
Next Steps in the Gold Market: Are You Ready?Last week, we made significant profits in gold trading. As a new week begins, I’m eager to hear your thoughts on the gold market. Before the market closed on Friday, I bought gold at 2719, setting a take-profit target at 2725. This setup is based on my predictions of market trends.
I believe that after today’s opening, gold will experience a slight increase before starting to correct, testing the support strength of the recent upward trendline. Therefore, my plan is to buy first and then sell, with specific trading signals shared on Friday for your reference.
Throughout the trading session, I’ll keep a close eye on market movements and will promptly inform you of any changes, so stay tuned!