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Xauusdlong

Strategic Short Positioning at ResistanceAnalysis: Today’s U.S. ADP employment data revealed a significant downside surprise, typically bearish for gold. However, gold prices have held steady, underscoring the strong fundamental support from factors such as geopolitical tensions and the lack of selling pressure. The market's reluctance to react sharply suggests the path of least resistance for gold remains upward. Despite this, gold sits at elevated levels, and while today’s data may not have triggered an immediate reaction, there’s an expectation of selling pressure as the U.S. trading session opens. Thus, our strategy focuses on initiating short positions to capitalize on potential pullbacks. Trade Strategy: Entry: Short gold between 2778-2780 Take-Profit Target: 2770 Mindset: Remain confident in the short strategy, stay composed, and await the gradual absorption of bearish data. Execute with discipline to optimize returns.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold:$2700 in Sight Amid Falling Interest Rates & Rising TensionHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD In the H4 timeframe, gold has touched the bullish trendline three times before continuing its upward trajectory. This consistent support underscores the strength of the bullish trend. Recently, the price formed a descending broadening wedge pattern followed by a breakout, signaling further bullish potential. Over the past few days, gold has held strong above the upper trendline, increasing the likelihood of sustained bullish momentum. Additionally, the MACD has made a bullish crossover, indicating upward momentum. With these technical indicators aligning, we could see an exciting continuation of this upward movement toward Target Area 1 at $2,708, or even reaching Target Area 2 at $2,766. However, traders should watch the stop-loss level at $2,614 closely. A break below this level could give bears a chance to take control. Stay tuned and be ready to capitalize on these movements! Fundamental factors support the bullish trend in gold prices. Global central banks are cutting interest rates to boost their economies, leading to weaker currencies compared to gold. Additionally, geopolitical tensions are escalating, exemplified by the unprecedented Israeli attacks on Lebanon and the killing of Hezbollah’s leader on September 27, which may provoke retaliation. This global uncertainty is driving investors to seek safe-haven assets, particularly gold. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. " Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
OANDA:XAUUSDLong
by financialfreedomgoals101
XAU ! 10/29 ! Continue the uptrend, wait new ATHXAU / USD trend forecast October 29, 2024 Gold price (XAU/USD) rises to the $2,757-2,758 range in the Asian session on Tuesday, approaching last week’s record high. Continued safe-haven demand due to Middle East tensions and US election uncertainties supports the metal, while falling US Treasury yields keep the USD under pressure, adding to gold's appeal. The uptrend is still going on - optimistic sentiment in the market makes gold still a priority investment before the US presidential election /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
3
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
XAUUSD: Based on Previous Analysis! **XAUUSD: 1-Hour Chart Analysis** Hello Traders, Based on our previous analysis, we had expected prices to reversed from our designated buying zone. And price did that exactly, reversing from 2625 which took the price towards 2771. Where we have seen some resistance. We still are very much bullish on Gold. Next targets are 2800$ and then 2900$ as followed. Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character. The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signalling a strong bullish sentiment. Traders with open buy positions may consider holding them. The market opened with a sell side gap on Monday, which does not invalidate our entry at all. Currently, the price is 400+ pips in the green. I recommend closing half of the positions.
OANDA:XAUUSDLong
by Setupsfx_
6
#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis** Hello Traders, Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character. The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them. Best of luck and trade safely.
OANDA:XAUUSDLong
by Setupsfx_
22
How Much Gold Should You Hold in Your Portfolio? Gold, often referred to as a safe-haven asset, has historically been a reliable hedge against inflation, economic uncertainty, and geopolitical risks. As the global economic landscape becomes increasingly volatile, many investors are turning to gold to diversify their portfolios and protect their wealth. The Case for Gold • Inflation Hedge: Gold has traditionally been a reliable hedge against inflation. As the purchasing power of fiat currencies erodes, the value of gold tends to rise. • Diversification: Gold has a low correlation with other asset classes like stocks and bonds. This means that adding gold to your portfolio can help reduce overall risk. • Safe-Haven Asset: In times of economic turmoil or geopolitical uncertainty, investors often flock to gold as a safe-haven asset. • How Much Gold Should You Own? The optimal allocation to gold in a portfolio depends on various factors, including your risk tolerance, investment horizon, and overall financial goals. However, in the current economic climate, many experts recommend allocating a significant portion of your portfolio to gold. A 15-20% Allocation: A Prudent Choice Given the current economic uncertainty, geopolitical tensions, and inflationary pressures, many financial advisors suggest allocating 15-20% of your portfolio to gold. This allocation can provide a solid hedge against potential downside risks and help preserve your wealth over the long term. Factors to Consider: • Risk Tolerance: If you have a higher risk tolerance, you may consider a higher allocation to gold. However, it's important to balance risk and reward. • Investment Horizon: A longer investment horizon allows for a more aggressive allocation to riskier assets like stocks. However, gold can still be a valuable component of a long-term portfolio. • Market Conditions: Economic conditions, geopolitical events, and central bank policies can significantly impact the price of gold. Stay informed about these factors to adjust your allocation as needed. • Diversification: Ensure that your gold investment is part of a diversified portfolio. This means spreading your investments across various asset classes to reduce risk. • How to Invest in Gold There are several ways to invest in gold: • Physical Gold: Buying physical gold in the form of coins or bars is a traditional method. However, it requires secure storage. • Gold ETFs: Gold exchange-traded funds (ETFs) provide a convenient way to invest in gold without the hassle of physical storage. • Gold Mining Stocks: Investing in gold mining companies can offer exposure to the gold market, but it comes with additional risks associated with the mining industry. • Conclusion In conclusion, while gold may not offer the same potential for high returns as other asset classes, it can be a valuable tool for risk management and wealth preservation. By allocating a significant portion of your portfolio to gold, you can protect your wealth against a range of risks and secure your financial future.
OANDA:XAUUSDLong
by bryandowningqln
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy. Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
OANDA:XAUUSDShort
by Mia-Signal
Gold Price Potential Upside with a Bullish Channelhello guys. Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend. Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel. Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back. Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook. Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
OANDA:XAUUSDLong
by melikatrader94
13
Gold Analysis for upcoming move!Technical Perspective: Currently, XAU/USD is showing bullish momentum, with recent price action indicating a potential rally towards the 2760 resistance level. On the 1-hour timeframe, we have observed a clear Break of Structure (BOS) signaling strong buying interest. Key support is identified around 2730, which can serve as a solid entry point for long positions. Utilizing Fibonacci retracement levels, we see confluence around these areas, providing additional confirmation for a potential upward move. Traders should monitor momentum indicators like the RSI for overbought conditions as they approach the target. Institutional Perspective: From an institutional standpoint, recent positioning data suggests that large players are accumulating long positions in gold, anticipating a continuation of inflationary pressures and geopolitical uncertainty. Central bank policies and market sentiment around safe-haven assets are driving institutional interest in XAU/USD. The influx of buying from hedge funds and other large entities could propel prices higher toward the 2760 level. It’s essential to consider market dynamics and liquidity events, as institutional traders may lead the price movements, creating opportunities for retail traders to align with the prevailing trend.
OANDA:XAUUSDLong
by goldsnipertrades
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 TP3: $2740 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
4
Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off! After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop. For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest. If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Escalating Middle East Tensions and Gold Trading StrategyIsrael has launched an attack on Iran, but the missiles were intercepted by Iran's air defense system, resulting in minimal casualties. Interestingly, in the attacked areas, people stood on rooftops to watch the “fireworks,” which is quite a humorous image. The response from Iran regarding this attack will be important to monitor. Regardless, the war continues, and for gold, another rise seems inevitable. After the market opens on Monday, I believe we can pursue the bullish trend. When the price approaches previous highs, we should close our long positions and begin selling, aiming for a small swing trade. If the price gets near MA20 and shows strong support, we can continue to buy; if not, we’ll consider buying again near MA60.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
2
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
TVC:GOLDLong
by AntonyTP
1
XAUUSD: Trading In The 2720-2740 RangeI'm not sure if everyone followed the signals before last Friday's close, but if you did, today's trade should definitely be profitable. Currently, after filling the gap from today’s lower opening, gold has once again begun to decline, forming a pattern similar to a double top. While there is some support at the current level, it is not strong. From the perspective of the ascending trend, strong support should be around 2722, while the horizontal support from the head and shoulders pattern lies in the 2718-2712 range. By connecting the high point from last Friday's close to the high point of today's rebound, we can identify a downtrend, with resistance located near 2737. Therefore, today's subsequent trading will primarily focus on the range between 2740 - 2720. If the trend breaks, we will need to adjust our strategy accordingly.
OANDA:XAUUSD
by Mia-Signal
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.
OANDA:XAUUSDLong
by Falcon-Training-Camp