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Xauusdlong

Can gold rise to 2700 points this time?The trend of gold yesterday and today basically completely verified my trading idea yesterday. When the gold price was still at 2654 yesterday, I clearly said that the high point was definitely not 2666. At the same time, I also said that this high point would most likely break through, and the target could be seen in the 2670-2680 range, and bought at 2650 to make a lot of profit. Now the new high has reached 2682, but it has not stood firm. Yesterday I said that as long as the gold price can stand firm at 2680, it can refresh the historical high of 2685, and look forward to the 2700 integer mark. Today I also maintain this view unchanged. Now the gold price is correcting, I think this is a move to accumulate power to refresh the historical high, so I will look for the right time to buy again next From the Fibonacci retracement indicator of this rise, 2665 is at 0.618, and 2660 is at 0.5, so I think that if it cannot stand firm above 2680, the gold price is likely to fall back to the support range of 2665-2660 again. As long as it reaches this range, it can be bought again
TVC:GOLDLong
by AntonyTP
XAU / USD ! 10/16 Bulls prevail $2685XAU / USD trend forecast October 16, 2024 Gold prices rose on Tuesday as US Treasury yields fell, limiting gains for the US Dollar. The economic calendar included the New York Empire State Manufacturing Index and the NY Fed Consumer Expectations Survey, with XAU/USD trading at $2,664. The Empire State Manufacturing Index for September showed a weak result, while the NY Fed survey indicated higher inflation expectations for the month. Gold price surpassed the nearest resistance zone of 2660, approaching the next price zone of 2672. The bulls are dominating, determined to find the old ATH of 2685 this week. /// SELL XAU : zone 2685-2682 SL: 2690 TP: 50 - 100 - 200 pips (2665) /// BUY XAU : zone 2653-2650 SL: 2645 TP: 50 - 100 - 200 pips (2670) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
Invest in Gold? Exploring the Impact of Diwali The price of gold has reached unprecedented heights in the retail market, setting a new record as the Hindu festival of Diwali draws near. Factors, including increased demand, global economic uncertainties, and geopolitical tensions have driven this price surge. The Multi Commodity Exchange (MCX) December contracts for gold have also witnessed a significant uptick, reflecting the broader upward trend in the precious metal's value. This positive momentum is largely attributed to favorable global cues, such as concerns over the US debt ceiling and ongoing geopolitical tensions. Factors Driving the Gold Price Surge • Diwali Demand: The festival of Diwali, known for its celebrations and gift-giving, is a significant driver of gold demand in India. As the festival approaches, consumers are increasingly purchasing gold jewelry, coins, and bars as a symbol of prosperity and wealth. • Global Economic Uncertainties: The lingering effects of the COVID-19 pandemic, coupled with geopolitical tensions and concerns about global economic growth, have made gold a safe-haven asset for investors. As uncertainty persists, investors are turning to gold as a hedge against market volatility. • Inflationary Pressures: Rising inflation rates, both domestically and internationally, have also contributed to the increase in gold prices. As purchasing power declines, consumers may seek to preserve their wealth by investing in gold. • Geopolitical Tensions: Ongoing geopolitical conflicts, such as the Russia-Ukraine war and tensions in the Middle East, have created a sense of unease and uncertainty in global markets. This has led to increased demand for gold as a safe-haven asset. Impact on Retail Market The surge in gold prices has had a significant impact on the retail market. Jewelry stores and bullion dealers have reported a surge in demand for gold products, leading to increased prices and longer waiting times for certain items. Some consumers may find it challenging to afford the higher prices, while others may view it as an opportunity to invest in a valuable asset. Government Measures and Outlook In response to the rising gold prices, governments may consider implementing measures to curb demand or stabilize prices. These measures could include import restrictions, increased taxes on gold purchases, or the release of gold from government reserves. However, the outlook for gold prices remains positive, particularly in the short term. As Diwali approaches and global uncertainties persist, gold prices will likely continue to be supported by strong demand and a favorable market environment. Conclusion The record-high gold prices witnessed in the retail market as Diwali nears are a reflection of a confluence of factors, including increased demand, global economic uncertainties, and geopolitical tensions. While the surge in prices may pose challenges for some consumers, it also presents opportunities for investors seeking to preserve their wealth and hedge against market volatility. As the festival of Diwali approaches, it is anticipated that gold prices will remain elevated, driven by strong demand and a favorable market environment.
OANDA:XAUUSDLong
by bryandowningqln
Golden opportunity for gold! The Fibonacci channel has been drawn, and Elliott waves can be observed on the chart. Currently, the price is in the fifth Elliott wave. We have two scenarios for the future of gold: 1)The first scenario is a bullish scenario. Given the geopolitical tensions and conflicts between Israel, Iran, and Lebanon, as well as China's threats against Taiwan, which have all contributed to a further increase in gold prices, if these trends continue, it could complete wave 5 at the 1.414 level of the Fibonacci channel. 2)The second scenario is a bearish scenario. If we witness a hawkish stance from the FED or a reduction in geopolitical tensions, then we should expect a price reversal from the previous high of 2687. In this case, the 0.618 Fibonacci channel level would serve as strong support. Considering the geopolitical tensions, I believe the first scenario and a breakout above the previous high are more likely. In that case, we should watch for a breakout above the previous high and then enter a long position after confirmation.
OANDA:XAUUSDLong
by Market-Analyzer
XAU recovers - positive market !! $2685⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) rose for the second consecutive day on Wednesday, reaching a one-and-a-half-week high of around $2,670 during the Asian session. Lower US Treasury yields pulled the US Dollar away from its two-month peak, supporting gold. Additionally, weaker global equity markets and ongoing geopolitical risks boosted demand for the safe-haven metal. Central bank demand further supported gold prices, though expectations of a less aggressive policy easing by the Federal Reserve (Fed) and a likely 25 basis point rate cut in November may limit any significant USD decline. Moreover, reports that Israel won't target Iran’s oil and nuclear sites could cap further gains for gold, suggesting caution for additional upward movement. ⭐️Personal comments NOVA: Gold prices recovered - when war information continued to have a good impact on the Gold market. Expect to touch old ATH 2685 this week and correct to create additional liquidity ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2651 - $2649 SL $2644 TP1: $2660 TP2: $2670 TP3: $2683 🔥SELL GOLD zone: $2671 - $2673 SL $2677 SCALPING TP1: $2665 TP2: $2660 TP3: $2650 🔥SELL GOLD zone: $2683 - $2685 SL $2690 TP1: $2675 TP2: $2668 TP3: $2660 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
3
Bulls Take Profits, Await Shorting Opportunities Today's long position within the 2652-2646 range has been successful—congratulations to those who followed my strategy! In trading, identifying strong signals is critical to profit. Without it, the market can be unforgiving. Currently, the bulls are in control, but as soon as momentum shows signs of weakening, it will be time to shift focus and prepare for a short position. Stay vigilant and ready to act when the opportunity presents itself.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD, 30-minute timeframe chartXAUUSD, 30-minute timeframe chart XAUUSD break the resistance level of 2,667.00 General outlook XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,667.00. Possible scenario The best way to use this opportunity is to place a buy limit order at 2,666.30. Set your stop loss at 2,660.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,682.30 ($17.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1.
TVC:GOLD
by QAZIFXTRADER
Still sticking to long gold!Today, gold reached 2638 during the retracement process and then rebounded again, but did not effectively fall below 2640. The gold correction did not fall below 50%, so there is still room for gold to rise again. From the perspective of technical structure, gold has signs of building a head and shoulders bottom pattern at the short-term level. Once gold cannot effectively fall below 2640, it is still possible for gold to rise to the 2670-2680 area. So in terms of short-term trading, if gold falls back to the 2645-2640 area, I will consider adding more money to be long gold.
OANDA:XAUUSDLong
by alongwineer
Gold's low has been confirmed, and the rise will be unstoppableIn yesterday's article, I clearly said that you can buy gold boldly when it falls back to the support area of ​​2642-2630. Although this trend did not come out yesterday, I bought it without hesitation when the gold price fell today, and took profits at 2654. But this does not mean that the gold price has reached its limit. I think as long as the gold price falls back to 2650 later, you can consider buying here, and the high point is definitely not the previous high of 2666. From yesterday's 1H chart, we can see that 2642 is 0.618. Although the gold price hit 2638 today, the real closing line is still around 2642. Therefore, according to the recent three callback trends, as long as it does not effectively fall below the support of 0.618 in the short term, it can be regarded as a bullish trend. At the same time, I think the previous high of 2666 is definitely not a short-term high point. This rise is likely to break through here. The first target above can be seen in the range of 2670-2680. If it can stand at 2680, the gold price is likely to test the 2700 integer mark again. The above is my view on gold today. Recently, my gold trading strategy has maintained a hot state of continuous profit. If you want to copy my trading details, you can contact me
TVC:GOLDLong
by AntonyTP
The GOLD bears are stuckThese circles (on the chart) show where bears are stuck. Such levels have a great inductive element to them. And how they're crossed, whether they hang around for a while or rebounce quickly, gives a good indication of what the market price will do next. Moreover, according to publicly data, the average retail positions level is approximately $2,580. In other words, the market appears to be trending upwards, with average bulls positions already in the positive field
FOREXCOM:XAUUSDLong
by ClashChartsTeam
10.15 XAUUSD Trading strategyGold continues to surge higher. From the technical point of view on the candlestick chart, it is now just at the pressure level of the downward trend line and resistance line of the hourly chart. As long as it is suppressed at 2672 later, it is still possible to drop again. Therefore, in trading, it is recommended to short gold directly at the current price of 2668, with a target of 2655.Because the area of 2655 is the previous intensive trading area, the point of 2655 has a certain support effect, so this wave of decline will most likely come to the point of 2655! XAUUSD Operation Strategy XAUUSD rebounded 2668-2670 line short, stop loss 2676, take profit 2655 line
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold Bears Secure Profits, Ready To Enter Long Position Today, gold successfully reached our target range of 2644-2637, delivering strong profits for short positions. In trading, clear signals inevitably lead to profitable outcomes. Now that gold has broken above the MA20 and is showing a bullish formation, we will follow the trend and shift towards long positions. Using the MA20 as our reference line, a buy order should be placed around 2652-2646. However, given the current high price near resistance, it's important to manage risk. I recommend setting a stop-loss (SL) around 2632, but adjust according to your individual account management strategy.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
XAUUSD: The risk of shorting is less than that of going long After finding support around 2638, gold has rebounded and is now approaching the critical resistance zone at 2663-2668. If prices linger here without breaking through, it could weaken the bullish momentum. From a trading perspective, the risk of going long at the current price outweighs that of shorting. For those entering long positions, caution is advised—avoid overextending and close positions promptly if the previous high isn’t breached. As for shorts, the risk is manageable; smaller initial positions can be opened, with the option to add more if prices rise. In the medium term, I believe a break below 2600 is inevitable.
OANDA:XAUUSDShort
by Mia-Signal
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
FX:XAUUSDLong
by ForexMasters2000
1
Gold : A Prime Opportunity for Short Positions Today, gold remains under significant pressure within the 2660-2668 range, with the resistance around the 20-day moving average (MA20) proving to be a formidable barrier. The bearish momentum is clearly in control, presenting a prime opportunity for short trades. The recommended strategy is to focus on selling near the MA20 resistance level, targeting the 2645-2637 range. This approach leverages the technical weakness, as the market favors a downward move in the near term.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: Mainly short trading, target 2637-2629 During tomorrow's Asian trading session, the primary range is expected to be between 2654 -2644. There is significant resistance around the 2654 level, and if this resistance holds, the market should favor short positions. Support is seen near 2643, and if this level breaks, the next target range would shift to 2637-2629. The market's inability to push through resistance at 2658 reinforces a bearish outlook in the near term.
OANDA:XAUUSDShort
by Mia-Signal
Gold's upward trend is confirmed, buy boldly on pullbacksLast Friday, gold continued to rise, reaching a high of 2661, as the US PPI data showed that the inflation outlook was still favorable to support the Fed's expectations of a rate cut next month. From the daily chart, we can see that the gold price has now stabilized above the daily average line, and the bullish trend has continued. In the short term, as long as the gold price pulls back to the support area, it is an opportunity to buy. Now it depends on where the gold price will start to rise. From the 1H chart, the nearest support below is around 2642, which is the 0.618 position of the Fibonacci retracement of this rise, and the second is around 2630. In today's Asian and European trading period, the gold price pulled back to 2643 and started to rise, which has verified the support strength of the 0.618 position. Therefore, if there is no accident today, as long as it pulls back here, you can buy boldly. My personal short position sold at 2653 last Friday has been closed with profit when it fell to 2645. Now I am waiting for the pullback to trade long positions.
TVC:GOLDLong
by AntonyTP
10.14 XAUUSD Trading StrategyXAUUSD has just started to rise as scheduled this week. First harvest a wave of investors who shorted last week. This week is a popular start. XAUUSD still has momentum in the short-term rise, the golden hourly moving average continues to rise, and the gold bulls still have momentum, and the decline continues to go long. After all, the current international political situation still supports gold to have the motivation to rise! However, from the technical perspective, XAUUSD has become a box trend. Judging from the current market trend, we pay attention to the short-term support level of the first line of 2635-40 below, and the first line of 2665-70 above. Breaking through this position is expected to continue to win the high position, and even hit the threshold position of the first line of 2700, so in operation, we need to follow the trend closely and don't chase orders at will! XAUUSD operation strategy 1. XAUUSD bounces back to the first line of 2665-2670, the stop loss is 2676, and the target is 2635-2640 2. XAUUSD retraces the first line of 2640-45 and does not break the long line, the stop loss is 2633, and the target is 2660-65
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU on the rebound - stable above 2600 this week ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) surged over 1% on Friday, closing near the weekly high after the US Producer Price Index (PPI) indicated a positive inflation outlook, reinforcing expectations of future rate cuts by the Federal Reserve (Fed). Additionally, ongoing geopolitical tensions in the Middle East bolstered safe-haven demand, further supporting gold's rise. However, with investors no longer anticipating a large Fed rate cut in November, US Treasury yields remain high, and the US Dollar stays near its mid-August peak. Furthermore, optimism around China's plan to increase debt to boost its economy adds some pressure on gold during Monday's Asian session. ⭐️Personal comments NOVA: Gold price this week continues its upward trend - remaining stable above the 2600 mark. Sideway doesn't have much important news this week ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2629 - $2627 SL $2622 TP1: $2635 TP2: $2642 TP3: $2650 Pay attention to the potential support zone today: 2635 🔥SELL GOLD zone: $2669 - $2671 SL $2676 TP1: $2660 TP2: $2650 TP3: $2640 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
2