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Xauusdtrade

XAU 1M Gold price formation history and future expectationsGold , or as denote the main trading pair XAUUSD , has been gaining a lot of attention around itself in recent years. As soon as major analysts or hedge fund top-managers begin to say that the next crisis is near, investors immediately start buying gold as a defensive asset, and its price, accordingly, goes up. Let's walk a little through the history of the Gold price. We finished drawing the graph, to what exists on tradingview.com, based on the data that is freely available. 1) In 1933, to overcome the crisis after the "Great Depression", US President Roosevelt issued a decree on the confiscation of gold from the population. The price for an ounce of gold is set at $20.66. 2) In 1971, a real rise in the value of gold begins. After decoupling the US dollar rate from the "gold standard", which regulated the cost of 1 troy ounce of gold at $35 for a long period from 1934 to August 1971. 3) 1973 - "The First Oil Crisis" and the rise in the value of gold from $35 to $180 - as the main anti-crisis instrument, a means of hedging investment risks. 4) 1979-1980 Islamic Revolution in Iran (Second Energy Crisis). The cost of gold, as the main protective asset, in a short period of time grows more than 8 times and sets a maximum at around $850 5) During 1998-2000, the world swept through: the "Asian economic crisis", defaults in a number of countries, and the cherry on the cake - the "Dotcom Bubble". During this period, the price of gold was twice aggressively bought out by investors, from the level of $250. It was a clear signal - there will be no lower, next, only growth! 6) And so it happened, from 2001 to 2011 there was an increase in the value of gold from $250 to $1921 . Even the mortgage crisis of 2008 could not break the growth trend, but only acted as a trigger for a 30% price correction. Looking at the XAUUSD chart now, one can assume that large investors were actively buying gold in the $1050-1350 range during 2013-2019. It is hard to believe that investors who have been gaining long positions for 6 years will be satisfied with such a small period of growth in 2019-2020. For ourselves, we establish a Gold purchase zone in the range of $1527-1600 per troy ounce, from where we expect the growth trend to continue to the $3180-3350 region What are your views on the future price of gold? Share them in the comments!
OANDA:XAUUSD
by P_S_trade
24
Gold Will First Fall To 2720The New York trading session has begun, bringing more market opportunities! I’m sure there are others out there still holding onto the 2723 sell order like I am. For now, I'm not planning to touch it—I’m waiting for profits. The price is still above the MA5, so I just need to wait for it to break, followed by the MA30. By Tuesday or Wednesday, the price should drop to at least 2720, and that’s when this order will become profitable! In the meantime, I’ll continue trading other signals. While there are plenty of opportunities in the market every day, I can't guarantee I'll catch every single fluctuation. As long as it's a signal I send out, I will track it thoroughly until the order is completed perfectly! Trust me—every trade you make will receive expert guidance and support. Together, we’ll lock in profits and achieve wealth growth!
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Next Steps in the Gold Market: Are You Ready?Last week, we made significant profits in gold trading. As a new week begins, I’m eager to hear your thoughts on the gold market. Before the market closed on Friday, I bought gold at 2719, setting a take-profit target at 2725. This setup is based on my predictions of market trends. I believe that after today’s opening, gold will experience a slight increase before starting to correct, testing the support strength of the recent upward trendline. Therefore, my plan is to buy first and then sell, with specific trading signals shared on Friday for your reference. Throughout the trading session, I’ll keep a close eye on market movements and will promptly inform you of any changes, so stay tuned!
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
1
Golden Investment Strategy: Opportunities Amidst TensionThe current international situation is indeed tense, leading to a continuous rise in gold prices, which are now nearing $2700, compared to under $2000 last year. It is striking that "when the cannon fires, gold weighs heavy." Until international relations stabilize, a significant drop in gold prices seems unlikely, so our investment strategy should favor a bullish approach. Based on current conditions, MA30 will serve as a crucial support level; as long as this level holds, we can pursue long trades. However, a slight adjustment is expected today, potentially dropping to around $2684. For the highs, we should look towards the $2704-$2712 range—if we reach that point, a decisive sell is advised. If $2700 remains unbroken for an extended period, consider a small short position, and upon a pullback to MA30, execute a minor long trade to see if a breakthrough occurs. If a breakthrough happens, significant selling should take place, aiming to close positions around $2688.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold. Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area. So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
OANDA:XAUUSDShort
by alongwineer
5
XAUUSD: After a New High, a Support Retest is Needed Following a recent pullback, gold is now in the midst of a rebound, riding the momentum of its newly achieved all-time high. However, the difficulty of sustaining further upside increases at this stage. Therefore, it presents a strategic opportunity to establish short positions in the 2680-2690 range, anticipating a fresh support retest. If the price holds above 2668 during this pullback, it could signal another buying opportunity, allowing traders to re-enter long positions with confidence.
OANDA:XAUUSDShort
by Mia-Signal
Sorry, I've already started shorting goldAt present, gold has risen strongly to around 2689, and is only one step away from 2700. Although the gold market is hot at present, I do not advocate chasing gold now. To be honest, as long as gold remains above 2675, I will not advocate going long on gold. Now that gold is approaching 2700, it has basically reached the short-term expectations of bulls. Now that gold is approaching 2700, it has basically reached the short-term expectations of the bulls. Some of the profit-making chips may be cashed in for shipment. This is why I do not recommend chasing gold. In the short term, since gold rose near 2638, there has been basically no decent correction. So when facing the psychological pressure of 2700, gold is likely to have a round of correction, retesting the 2670-2665 area, and may even retest the 2660-2655 area. So, bros, while you are keen on chasing gold, I am now shorting gold in batches! Let us look forward to the next results!
OANDA:XAUUSDShort
by alongwineer
1
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 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
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
Expect gold to fall below 2600Gold is currently in a swing state and is still relatively weak, but even so, I did not choose to chase gold short at this time. Because in the short-term structure, gold has obviously built a double bottom structure in the 2605-2600 area, which is conducive to the rebound and repair of gold to a certain extent. Gold fell from the high of 2684 to around 2605, and the areas around 2635 and 2645 are exactly 38.2% and 50% of this round of decline. Then gold may rebound again in the short-term structure and touch the 2630-2640 area, which is why I am not in a hurry to short gold in the past two days. Today, CPI and initial jobless claims data will be released. Gold may rise first and then fall back under the influence of the data. So in terms of short-term trading, if you see gold rebound and touch the 2630-2640 area, you can boldly start shorting gold!
OANDA:XAUUSDShort
by alongwineer
This week's gold trading strategyThis week's gold trading strategy, be able to understand and follow, there will be a 50% profit this week! News: Everyone knows that the US Federal Reserve cut interest rates some time ago, which added a fire to the entire gold market. In addition, the global geopolitical conflict has ignited the entire gold market, causing the price of gold to reach 2700!For all of us traders, what we want to know most is which direction the market should go next. First of all, the news is that the United States has cut interest rates, and the impact of geopolitical risks has been almost digested by the market, so it is a bit difficult for gold to hit the high point! In addition, after the U.S. interest rate cut, it will definitely focus on economic development, so the U.S. economy will improve next, so the dollar index will rise, and the price of gold will also fluctuate and fall! So I judge that in the next week or so, the gold market will fluctuate and fall! Technical aspects: You can see that the candlestick chart of gold is currently in a downtrend channel. Although it has broken through the top of the uptrend channel, it is not a real technical breakthrough. It is caused by today's US data ‘ISM Manufacturing PMI for September'. Gold will return to the trend next, so it is best to go short at a high level, but go long at a low level in the trend! News forecast: U.S. ADP employment in September (10,000 people)-bearish gold U.S. non-farm payrolls after September quarter-adjusted (10,000 people)-bearish gold This week's point strategy: 2670 short, 2675 increase position 2620 go long, 2615 increase position If you want to see specific trading signal strategies, please consult in the comments area!
OANDA:XAUUSDShort
by Falcon-Training-Camp
1
Still holding short positions, 2630 is not the end!So far, I still insist on holding short positions and executing mid-term trading as planned. So far, the lowest price of gold has reached around 2630. Although it has rebounded and returned to around 2640. But it is obvious that the high point of gold rebound is gradually decreasing, and as gold continues to fall below 2650 and 2640, it also means that the adjustment cycle has been prolonged to a certain extent. So it is obvious that gold has not completely stabilized and is expected to continue to pull back. So 2630 is not the end point, gold is expected to continue to fall, and it is very likely to retest around 2600 again, and it may even fail to hold 2600 and have to test around 2580. So I still stick to the mid-term trading plan, short gold, and wait for the fruits of victory! Bros, let's wait and see!
OANDA:XAUUSDShort
by alongwineer
Holding Strong: Why It's Time to Bet on Gold's Decline There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open. Trust me, buying in at this level is as foolish as selling below $2610. If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
2
XAUUSD: What Should You Do If Your Short Position Is Trapped? Recently, I've maintained a short position in gold, admittedly missing out on the recent upward momentum. However, at the current levels, I have no intention of chasing the rally. Instead, I will continue to hold my bearish outlook, waiting for a pullback to the 2580-2550 zone. Chasing the price at this stage poses unnecessary risks, as technical indicators suggest the potential for a retracement. The focus remains on capturing profits as the price corrects, reaffirming my commitment to the short strategy.
OANDA:XAUUSDShort
by Mia-Signal
Gold Rally Slows, Pullback Imminent Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest. Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction. Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
I'm sorry, I have been short againBros, you all know that I shorted gold some time ago. Although I was stuck for a few days, gold still gave me a chance to close the position near 2553, and finally closed the position with a profit of $90K. At present, gold has risen above 2620 again. I think there should be many brothers chasing gold. I am sorry, I started shorting gold again and plan to hold it in the medium term. Bros, I calculated in advance that if gold can fall to 2575, I can make more than $50K in profit. If gold unexpectedly falls to 2550, there will be another huge profit! I am looking forward to such a result! Bros, let's wait and see!
OANDA:XAUUSDShort
by alongwineer
3