Gold Updateon lower timeframe we can see gold formed a descending trendline if it get broken and coose above 2745 we can enter a buy position with a stop loss 2730
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Xauusdlong
GOLDgold analysis
Time frame of 4 hours
Considering that the 4-hour time frame of gold is still bullish, you can look for buying deals when the price reaches the specified area.
GOLDgold analysis
Time frame 15 minutes
Gold has decreased in this time frame, but due to the fact that the 4-hour and daily time frame of gold is still bullish, it is possible to enter into buying transactions in the areas leading to the price.
Gold Referring to my previous idea about gold and healthy retracement is required which is logical for me and it happened, gold is reminding me by strong man who dont accept loss at all, so the retracement is just a rest from accelaring extended bull run rally .. any way about gold and from my point of view maximuim retracemnt is up to 2683 2695 levels . Also level 2713 is god but im giving gold achance to take breath, uptrend will continue to marked targets .
"" gold is strong man who Dont accept loss""
NFP Set to Rock Gold: Last Opportunity for a Well-Timed ShortMarket analysis: Brothers, today's gold market continues to be bearish! The short orders arranged before the release of yesterday's data have brought us a lot of benefits, and we have seized the lucrative profits of the decline in gold. Tonight, heavy data will be released one after another: the US October non-farm employment data, unemployment rate and ISM manufacturing PMI index will form a triple impact on the gold market.
These data are expected to put bearish pressure on gold, but considering the sharp drop the day before, today's downside may be limited because the market has partially digested the bad news. Therefore, today may be the last short-selling opportunity this week. Next week, with the landing of the US election, the market is expected to turn to favor gold.
So how to arrange it, you can look at the candlestick chart, 2756-2758 is currently an important pressure point, so the strategy before the data is released is to short the market near this pressure point!
Trading strategy:
Layout before data release: short in the key pressure area of gold
Take profit target: 2735-2740
Stop loss setting: 2770
Strategy ideas to follow the trend: As the last trading day of this week, we will arrange short orders before the data is released, and start to arrange long orders next week to follow the trend.
Detailed strategies and operation points have been released to each VIP member. If you need further guidance, please join the VIP group to get exclusive strategies!
XAUUSD: NFP//Short-first, Then-longAfter the initial rebound from a significant drop, it appears the market is ready for a secondary retest of the bottom support range. Keep a close eye on the 2742-2732 support zone. Should prices drop into this range before the data release, and if the data turns bearish, expect further downside with targets in the 2718-2712 range; in case of a stronger bearish impulse, prices may fall to the 2708-2703 region.
Alternatively, if the data supports bullish movement, prices could rise above 2760. Given recent data, bearish probability seems higher, so a “short-first, then-long” strategy is advised, with careful attention to entry and exit points.
wait NEW ATH 2771 ! positive from the market XAU ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Expectations of a more moderate rate cut by the Federal Reserve and concerns about deficit spending after the US election should help support US bond yields and the USD. Additionally, a positive sentiment in global equity markets is keeping Gold prices in check. Investors also appear cautious ahead of key US data releases this week, including the Advance Q3 GDP, PCE Price Index, and Nonfarm Payrolls (NFP) report.
⭐️Personal comments NOVA:
Break trendline H1 - buyers push the price to continue waiting for a new ATH in the near future at 2771
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2771 - $2773 SL $2778
TP1: $2765
TP2: $2750
TP3: $2740
🔥BUY GOLD zone: $2742 - $2739 SL $2735
TP1: $2750
TP2: $2760
TP3: $2771
⭐️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
GOLD Rising Support Ahead!GOLD is going down
Now but will soon hit a rising support line from
Where we will be expecting a
Local bullish rebound !
2787 ! ATH XAU heading in today⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) reach a new record high during Wednesday’s Asian session as US election uncertainties and ongoing Middle East conflicts drive demand for safe-haven assets. Additionally, a slight drop in US Treasury yields and a softer USD further support the precious metal, outweighing the upbeat market sentiment, which would typically limit Gold's appeal.
⭐️Personal comments NOVA:
The uptrend continues to maintain - positive from the market before the November 5 US presidential election. Aiming for the price range 2787 - 2800
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2787 - $2789 SL $2792
TP1: $2783
TP2: $2778
TP3: $2770
🔥SELL GOLD zone: $2801 - $2803 SL $2808
TP1: $2795
TP2: $2780
TP3: $2760
🔥BUY GOLD zone: $2755 - $2757 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 ,
but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity .
A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
XAUUSD (GOLD) BUY ANALYSIS 4HRS TIMEFRAMEHello trader what do you think about Gold? Here on Gold price forming uptrend and has reached a certain level of resistance and is likely to continue falling till it reach at around level of support zone 2758.45 after then trader can now enter for LONG and target profit around resistance level of 2788.89 . Remember to like and share your thought on comment!
What Should You Do if You Hold Long Positions Between 2770-2750?Today, influenced by negative data, gold experienced a significant drop. After completing the take profit on my short positions, I entered long trades. I believe many of you are in a similar situation, holding long positions in the 2767-2730 range, which has led to our accounts being in a trapped state.
However, after such a large decline, a market rebound is inevitable. As long as we hold our positions firmly, we can at least expect a rebound to around 2760. Additionally, tomorrow's NFP data and unemployment rate will be released, along with several other minor data points that will certainly contribute to increased market volatility.
If the price rebounds to around 2760 before the data is published, then under negative data conditions, it is likely to drop again. However, if the price does not rebound to this level, gold will not drop too much under negative data, with 2721-2712 being an acceptable range.
In this context, next week's trading will definitely focus on long positions. So, if your orders are also in a trapped state, there’s no need to worry too much. The market always has its ups and downs; stay confident and seize the opportunities for a rebound. In the end, we will achieve better results.
#xauusd #elliottwave long buy setup wave 5 1Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
NFP Ahead: Targeted Short Strategy for Optimal GainsMarket Insight: Great work today on capturing profits with the short trade, everyone! My VIP members and I have made impressive gains. If you're interested in continuing to secure these returns, reach out to me directly—we’re setting up for a major strategic move.
With most key economic releases for the week showing bearish outcomes, tomorrow brings one more critical release: the U.S. October Non-Farm Payroll (NFP) report, which is highly likely to impact gold negatively. We’ll continue focusing on short positions for the remainder of this week. Looking ahead, however, as the U.S. election concludes next week, we anticipate a potential shift, at which point we’ll pivot to long strategies to capture possible upside momentum.
Current Gold Trading Strategy:
Entry Level: Short gold at 2740
Take-Profit Target: 2730
Stop-Loss: 2750
Exclusive Member Strategy Update: This strategy will only be shared once today. For tomorrow’s detailed NFP trading plan, I’ll be providing specific guidance exclusively to my VIP members. If you’d like to join and get access to tailored strategies, reach out now!
Gold Long Plan, 2800 New ATH?Gold Price Delivered as we predict, I am Looking Two Level For Longs, So If you are following then follow with Risk Management.
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024
Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook.
The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types.
/// SELL XAU : zone 2798-2801
SL: 2806
TP: 50 - 200 - 300 pips (2771)
Safe and profitable trading
$2802 ! New ATH heading to XAU⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) trade within a narrow range in the Asian session on Thursday, consolidating recent record highs. The US Dollar (USD) finds some support as it recovers from a corrective slide, fueled by strong economic data and expectations of a gradual rate-cut approach by the Federal Reserve (Fed). Rising US Treasury yields, spurred by fiscal deficit concerns, and slightly overbought technical conditions limit further gains for Gold.
Traders are cautious, awaiting the release of the US Personal Consumption Expenditure (PCE) Price Index and the Nonfarm Payrolls (NFP) report on Friday for insights into the Fed's rate trajectory. Despite these factors, any significant pullback for Gold remains unlikely amid continued safe-haven demand driven by US election uncertainty and Middle East tensions.
⭐️Personal comments NOVA:
still a short-term and long-term uptrend - next target $2802, FOMO from the market may last all week before the November 5 election
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2802 - $2804 SL $2809
TP1: $2795
TP2: $2780
TP3: $2770
🔥BUY GOLD zone: $2757 - $2755 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️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
GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD: Shorting Range: 2796-2807The market is currently closed. On the 2-hour chart, there are three long lower shadows, indicating strong support below. Although the MACD indicator is facing a bearish crossover, the presence of this strong support suggests a potential for a second surge in volume.
Therefore, during tomorrow's Asian and European trading sessions, if the support level in the 2780-2776 range holds, gold is likely to break above the 2790 high and test the psychological level of 2800.
Additionally, tomorrow during the U.S. session, we will have the initial jobless claims data released, which I expect to have a bearish impact on gold. Consequently, the overall trading strategy for tomorrow will be to go long first and then short later.
The trading range will be set with 2796-2807 as the high range and 2772-2767 as the low range.
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release.
Pre-Data Release Gold Trading Strategy:
Entry Range: Short gold between 2780-2782
Take-Profit Target: 2772
Stop-Loss: 2790
Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
XAUUSD: Wait for a drop before rising, target 2800Yesterday, Wednesday, the United States released the October "small non-farm" data. The ADP employment in October recorded 233,000, the largest increase since July 2023. These figures are contrary to expectations of economic slowdown after the Boeing employee strike in October and the two brutal hurricanes and attacks on the US East Coast ports.
The subsequent release of the US third quarter real GDP annualized growth rate recorded 2.8%, lower than the expected and previous value of 3%. Consumer spending, which accounts for the largest share of economic activity, increased by 3.7%, the largest increase since the beginning of 2023. At the same time, data from the US Bureau of Economic Analysis showed that the initial value of the annualized quarterly rate of the core PCE price index in the third quarter of the United States rose by 2.2%, roughly in line with the Fed's goals.
Spot gold continued to hit a record high, hitting the $2,790 mark during the day, but failed to get above this level.
From the current point of view, 2,790 is very likely not the high point of gold, but the risk of retracement also needs to be considered.
Therefore, we can't blindly be bullish, but need to wait for a retracement before considering buying
Gold : Leveraging Double Top Pattern and Support AnalysisToday, I shared a short strategy, selling in the 2787-2791 range, with a target set at 2783-2779 and a stop loss at 2792. This is a smaller range signal.
The reason for the sell signal is the double top pattern observed on the 30-minute chart, along with the break of MA5 and MA10. I see this as a solid selling opportunity, with the main target being MA60. During the New York session yesterday, gold found support at MA60 twice, with long lower wicks, indicating strong support. Typically, longer upper wicks suggest stronger resistance, while longer lower wicks indicate stronger support.
I hope this trading tip helps everyone—don’t forget to accumulate your knowledge!
XAUUSD: Short In The 2780-2800 RangeYesterday, gold prices experienced a significant surge, reaching a high of 2790, which is very close to the psychological level of 2800. In the near term, bullish sentiment is likely to continue probing this important threshold until prices approach 2800. However, it's important to note that due to this substantial increase, market indicators have begun to show divergence, and there is a high probability of a deeper pullback in the short term. From a technical standpoint, the expected pullback should occur in the range of 2770 to 2760. Only after repairing these indicators is there a likelihood for another price increase. Thus, the high point near 2790 will certainly not be a singular peak; there should at least be one more opportunity to revisit this price level.
Additionally, this week is an important data week that occurs once a month, and market volatility on Thursday and Friday will likely intensify. Regarding the data being released this Friday, I believe it poses a significant downside risk for gold. Therefore, if you are holding short positions and find yourself trapped, as long as your account balance is sufficient, there is no need to worry excessively. You can navigate market fluctuations through hedging strategies or multiple directional trades, making it entirely feasible to extricate yourself from this predicament.
