Gold New ATH Target As I predicted in last chart of OANDA:XAUUSD for a retracement level to achieve for continue it's bullish trend that is done and now OANDA:XAUUSD will continue it's bullish trend and will give target of 2835 as I mentioned in chart you can read the chart and give your reviews in comments and follow me for more updates
💥Take entry now at 2660-2661
📉And hold till my given targets 2835
For day trader entry on same price
Targets
2691
2712
2718
Xauusdlong
XAUUSD: Target of 2686 Achieved; Bulls Still Have OpportunityAs of now, gold has rebounded by over $40, achieving the 2686 target shared in our post-drop strategy. Those who sustained losses during the recent decline should now have recouped them, and some may even be in profit. This trading experience has likely given everyone a deeper understanding of the market, as well as an opportunity to learn to overcome the inevitable fears that come with trading, helping to bring a more rational approach.
Looking ahead, I believe the rebound following this major drop is not yet over. A retest of support levels will be a key focus, and as long as support holds, gold reaching 2700 again seems very likely. For strategy, we can continue focusing on buying at lower levels.
Expectations of a Fed rate cut boosted the reboundMarket Analysis: Today, gold prices have fallen below the 2700 mark following a surge in the U.S. dollar after Donald Trump’s surprising political comeback as President. The primary driver behind this pullback is the market’s expectation that Trump, known for his pro-capitalist stance, will prioritize U.S. economic growth. This outlook has strengthened the dollar, resulting in downward pressure on gold.
Currently, it appears the market has largely priced in the bearish impact of Trump’s election, limiting gold's potential for further decline. Additionally, the Federal Reserve’s two-day policy meeting, concluding on Thursday, is expected to result in a 25-basis-point rate cut, which would likely provide upward momentum for gold.
Trading Strategy: Given the current low levels, going long on gold presents a strategic opportunity. With the anticipated Fed rate cut, we can expect a positive impact on gold prices, fueling a rebound.
Recommendation: Based on this analysis, the general trading direction should be clear. For specific entry points and comprehensive weekly strategies, please reach out. All VIP members will receive exclusive access to this week’s detailed trading plan.
XAUUSD: The Rebound Is Not Over YetDue to the impact of the news, gold prices have fallen significantly. When gold prices approached around 2660, I suggested buying within the 2660-2652 range to capture the rebound after the sharp drop. The first wave of the rebound reached a high of around 2678, with a gain of over $20, and those who followed the signal made very decent profits.
Currently, gold prices are oscillating in the bottom range, with volatility gradually decreasing. However, the rebound has not ended yet, and there is still room to buy. This rebound should at least push prices above 2680.
Tomorrow, we have the interest rate decision, and the market widely expects a 25 basis point rate cut. After today’s drop, gold should not see much more downside in the short term. Therefore, tomorrow’s trading should focus on buying at lower levels. The first key support levels to watch are the 2652-2648 range, followed by around 2639.
Overall, the current market environment still holds opportunities, but it's crucial to stay flexible and adjust strategies according to market movements. Patience and risk management will be the keys to successful trading.
XAU! 11/7! retest 2680 area to get liquidityXAU / USD trend forecast November 7, 2024! SCALPING
Gold prices (XAU/USD) decline for the second straight session on Thursday, weighed down by a stronger US Dollar following former President Donald Trump's election win.
The precious metal faces selling pressure as safe-haven demand wanes, with market optimism rising on the back of “Trump trades.” With the presidential outcome now clear, the markets are less concerned about a contested result, contributing to the bearish sentiment around gold.
Gold prices mostly sideways before the FOMC meeting tonight: 2650 - 2670
/// BUY XAU : zone 2661-2658 scalping
SL: 2655
TP: 40 - 80 - 150 pips (2673)
Safe and profitable trading
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Triangle Breakout Approaching: Key Levels to Watch!Gold is consolidating in a symmetrical triangle on the 1H chart,
Watch for a potential breakout from this zone move above $2740 could lead to further bullish momentum towards $2760, while a breakdown below $2710 may open doors for a bearish move down to $2690 with neutral RSI, both directions are in play depending on the breakout
Keep an eye on price action around these levels!
Good Luck
XAUUSD is waiting for the FOMCWhere should XAUUSD goes?
XAUUSD is currently in fibonacci 1.618 area and have the ABC movement.
After Donald Trump wins the election, DXY becomes quite strong which push the gold move downward after reaching all time high before
I am seeing XAUUSD will move up because we expect Fed will cut the rate
Waiting for confirmation in M15 to create new high and put the stop loss in 2630-2640 area and XAUUSD shuold not break the downward trendline.
Good luck!
XAUUSD: Buy@2660-2652 TP 2686-2702The result of the election, with Trump becoming the President of the United States, led to a significant drop in gold prices. The original target range for this week was between 2786-2752, but due to the news impact, the target was reached earlier than expected, so the upcoming trading plan needs to be adjusted.
Today's trading was quite volatile. The long positions entered early were closed near 2728, resulting in some losses. However, these losses were effectively compensated during the subsequent rebound. At the same time, short positions brought in substantial profits .
Currently, gold prices have dropped to around 2760.. It's important to note that gold's price corrections often come with strong rebound signals. If you're currently holding long positions and temporarily trapped, it's advisable to remain patient, as a rebound is expected soon. My personal target for this rebound is around 2700. The potential for this rebound is worth watching closely.
XAUUSD: 300+ Pips Daily 1 HR View! Dear Traders,
Price dropped from 2792 to 2733 record 600 pips, now we are looking at the price correct the fair value gap that it has created due to that massive drop. Now we are looking at the nice correction and price might reject from the 2772 area. Good luck.
Trade safe!
XAUUSD Pullback Set-Up Demand at 2722 Targeting 2700The XAUUSD (gold) market has a strong initial demand zone at 2722-17 , where a pullback is expected before facing resistance at 2747-53 , which is forecast as a significant supply level. Our major aim is 2700 , which corresponds to a robust daily demand zone.
Geopolitical developments are boosting gold's appeal as a safe-haven asset. Heightened tensions in the Middle East, as well as the ongoing conflict between Ukraine and Russia , have added to risk aversion, attracting investors to gold. Furthermore, the forthcoming presidential election in the United States on November 5 creates uncertainties about prospective fiscal policy moves. Historical trends demonstrate that election outcomes frequently cause volatility in gold as investors hedge against policy changes. These factors are strengthening demand at important levels, which aids our understanding of potential retracements and target zones.
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XAU/ USD! 11/5! Gold short term recovery! Aiming for target2705XAU / USD trend forecast November 5, 2024
Gold price (XAU/USD) recovers from an intraday dip, holding near $2,735 with little change heading into Tuesday's European session. Safe-haven demand driven by the close US presidential race and potential for increased Middle East tensions supports the metal. Additionally, as traders pull back from the "Trump trade" and anticipate further rate cuts from the Federal Reserve amid a cooling US job market, US Treasury yields decline. This has led to renewed US Dollar selling, adding further support for gold as global equity markets maintain a cautious outlook.
Election results approaching - slight recovery before sharp decline, heading towards 2705
/// BUY XAU : zone 2734-2731
SL: 2726
TP: 50 - 150 - 300 pips (2761)
Safe and profitable trading
Going Long on Gold During the Election PeriodTomorrow, gold is expected to experience significant volatility, as market sentiment may be influenced by a range of events, particularly the outcome of the elections. Based on the current technical setup, my plan is to maintain a bullish bias in the short term, especially if gold continues its upward trend. However, if the election results turn out to be unfavorable for the bulls and the market reverses, I will add short positions to my existing bullish trades to capitalize on potential downside risks. I will closely monitor price movements and adjust my strategy based on market reactions.
Additionally, after the end of this week, given the increasing market uncertainty, my focus will shift to short positions, with the aim of targeting the 2686-2652 range. This area is likely to provide strong support and will be an important level to watch.
XAUUSD: Bullish trendToday, gold has tested the support at the 2732-2728 range again. So far, the support remains intact, and the short-term trend is still leaning towards a bullish outlook. Based on this, the primary trading direction in the current session remains bullish.
From a technical perspective, gold is likely to continue its upward momentum in the near term. The key resistance zone to watch on the upside is between 2750 and 2758. It is worth noting that a resistance level has emerged around 2745 since the market opened yesterday.
However, given the overall trend, this resistance does not pose a strong technical barrier at the moment, and a breakout above this level is not expected to face significant difficulty.
Therefore, if gold can break above the 2745 level, there is a high likelihood of further gains towards the 2750-2758 range.
XAUUSD: Continue to Monitor Resistance at 2750-2758Gold has once again tested support without breaking it, indicating short-term upward momentum. During the Asian and European sessions tomorrow, consider focusing on low buys, with resistance continuing to be monitored around the 2750-2758 area.
The upcoming election news during the US session is likely to have a significant impact on the market, so while seizing opportunities, be mindful of potential risks.
XAUUSD 2738 +0.08% SHORT IDEA PRICE ACTION MULTI TF ANALYSIS HELLO TRADERS
Hope everyone is doing great
📌 A look at GOLD from HTF - MULTI TIME-FRAME ANALYSIS
GOLD DAILY TF
* Still in a strong bullish momentum, with Friday coming with some signs of bearish sentiment.
* The weekly & daily TF show signs of bullish continuation on Gold.
* As Gold took internal range LQ, looking for that external range LQ to be taken.
* Friday closed leaving a FVG- This is where I would be looking for long entries.
* With PO3 looking to open bullish to confirm a move lower on GOLD.
GOLD 4H TF
* Looking for the week to open bullish because our HTF BIAS is BULLISH (PO3) .
* WEEK open I will probably be looking for short positions before looking long.
* We will see what does the market dish.
* On the hourly ERL > IRL.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,BOOST & LETS TAKES SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
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SMASH THAT SOPPORT BUTTON & LEAVE A COMMENT.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
Seize the opportunity and welcome Super WeekMarket Analysis: No need for lengthy discussions; the best strategy in the current market is to initiate long positions in gold at lower levels. With the U.S. elections and Federal Reserve decisions approaching, the gold market remains bullish. Recent rumors of Iranian retaliation against Israel, coupled with disappointing employment reports, suggest the Fed may lower interest rates, all of which will likely drive gold prices higher.
Technical Analysis: Gold has retraced to the strong support level of 2733-2735. This area represents a robust support zone from the past few days. In the absence of bearish news, it is unlikely that this support will be broken. Thus, our trading strategy this week will pivot from last week’s approach, focusing on going long at lower levels.
Today’s Trading Strategy:
Entry Strategy: Go long on gold near the support level
Take-Profit Target: 2748-2750
Stop-Loss: 2718-2720
Conclusion and Recommendations: This week marks a super week for the month, with numerous major events and data set to impact market trends. How should you navigate these trading conditions? What will the market trend look like? After reviewing my analysis, you’ll have a clearer sense of direction. For specific trading strategies, please reach out to me, and I’ll share the comprehensive trading plan for the week with all my VIP members.