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.
OANDA:XAUUSD BITSTAMP:BTCUSD
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.
Xauusdsignal
Gold's Reversal Signals: Why I'm Watching for a Drop Below 2700?Yesterday, I mentioned that a correction in OANDA:XAUUSD seemed imminent, even though we didn’t yet have confirmation at that moment, and I emphasized that buying no longer appeared attractive at these levels.
Indeed, after reaching another all-time high of 2740 during the day, a strong sell-off followed, pushing the price down to the 2715 zone.
Currently, the bulls are back in control, but in my view, this looks more like a natural rebound aligned with the broader trend, rather than a renewed surge in buying interest.
The 2740 level now serves as significant resistance, and a fresh reversal from this zone could very well occur.
For the bulls, the key support level lies in the 2725-2730 range. A drop below this zone would signal the beginning of a potential new downward move.
From my perspective, I'm focused on selling opportunities.
A break below 2700, with a move toward the 2685-2690 support range, is what I’m closely watching for.
XAUUSD Update and How To Day Trade GOLD👀👉 This is an update to my previous video. In that session, I discussed the importance of identifying a retracement and waiting for a bullish structure break to enter long positions. In this video, we will analyze gold on a lower timeframe, specifically focusing on strategies for engaging with the trend on a 15-minute chart. Disclaimer: This video is intended for educational purposes only and should not be considered financial advice. 📊✅
XAUUSD Possibly heading to GALAXY!XAUUSD has broken out of the monthly resistance and price started to bounce back up to the resistance. Multiple timeframe is showing bullish price action with price trading above 10EMA which is indication of strong trend. Currently price is breaking out of resistance on 4H timeframe with strong liquidity grab from the support. As price has not specific resistance to follow, we may see price having a strong breakout. Is it heading to Galaxy?
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.
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 seems to be preparing for a correction from its record highThe US dollar (USD) maintains an adjustment regime, reflecting a decline in US Treasury yields. Chinese stocks have rebounded after the People's Bank of China (PBOC) lowered the one-year loan prime rate (LPR) from 3.35% to 3.10%.
Although the market's initial reaction was not strong, there are still expectations for further stimulus measures from China. This optimism, combined with ongoing tensions between Israel and Iran, has supported gold prices.
Personal opinion:
The US dollar's adjustment regime reflects economic volatility. The PBOC's interest rate cut aims to boost China's growth, but the market's weak reaction shows caution due to geopolitical tensions, like those between Israel and Iran. This situation compels investors to tread carefully, especially with gold prices supported by these uncertainties.
Pay attention to the price range:
Buy Zone: 2704 - 2702
SL: 2697
Buy Scalp: 2719 - 2717
SL: 2712
Sell Zone: 2748 - 2750
SL: 2755
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!
Sell Gold in 2740-2750 areaGold has risen to around 2740 driven by geopolitical risks. Obviously, gold is currently in a clear bullish trend, but the more it gets to this point, the more dangerous it is. Gold is now completely out of the normal range of rise. We can see that gold does not give a big chance of callback at all now, just to make more people chase long gold at a high level. But chasing long gold in this way can easily get trapped at the top.
As for the top area of this round of gold's rise, I expect it to be in the 2740-2750 area. So after gold touches this area, gold may fall back at any time. So in short-term trading, we can start shorting gold in batches in the 2740-2750 area.
So, bros, while you are immersed in the enthusiasm of going long on gold, I am now shorting gold in batches! Let's look forward to the next results!
After Record Highs, Is Gold Primed for a Short-Term Correction?Since Tuesday, after OANDA:XAUUSD completed a brief correction following the previous week’s rally, the price has surged approximately 1000 pips from its low to high.
During the Asian session last night, Gold hit yet another all-time high, though it’s now experiencing a minor pullback.
While the overall trend remains strongly bullish, a correction from this level is not out of the question.
The price could potentially retest the support zone formed by the previous all-time high around 2685-2690.
A confirmation of this correction would come if the price clears Friday’s close, and in that case, the recent ATH could act as short-term resistance.
Aggressive traders may look to take advantage of this correction, while swing traders might prefer to wait for the correction to complete and then rejoin the dominant uptrend at more favorable prices.
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: $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.