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XAUUSD | GOLDSPOT | New perspective | follow-up detailGold prices took a hit after a stronger-than-expected US jobs report, signalling a resilient labour market and likely gradual Federal Reserve (Fed) policy easing with 25-basis-point rate cuts. This data boosted the US 10-year Treasury yield by 12 basis points to 3.971%, putting downward pressure on XAUUSD. Next week’s key events include the US inflation data, jobless claims, and the University of Michigan Consumer Sentiment report. Plus, rising geopolitical tensions in the Middle East could offer support to gold prices as conflicts involving Hezbollah, Iran, Israel, and the US unfold. Can gold challenge the $2,700 mark this week? XAUUSD Technical Overview: This week, we're focusing on the $2,630 zone. This could be a make-or-break point. If gold stays above this zone: Bulls might maintain control, potentially pushing prices higher and setting up new highs. If gold drops below the zone, Bears might gain the upper hand in an attempt to retrace into the structure-support line of the ascending channel. Join me as we explore these factors and potential opportunities in the gold market. Like, subscribe, and hit the notification bell for the latest analysis and insights! 📌 Follow my journey as I map out the next moves in this dynamic market! #GoldMarket #FedRateCuts #USData #GoldTrading #ForexAnalysis #GoldForecast #EconomicOutlook #TradingStrategies #InvestingInGold #MarketUpdates📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
5
XAU/USD 11 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as analysis dated 09 October 2024. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as analysis dated 09 October 2024. Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 10/11/2024 Will gold price drop further? Looking at H1 we see - The price has re-entered the 2624 zone, which is the bottom zone of wave W, so we have the necessary conditions to say that the correction trend has ended - The sufficient condition for the trend to end is when the price breaks through the peak zone of wave X, which is the 2674 zone - In the case when the price continues to go below the 2624 zone, we will have the correction trend has not ended because then the price is likely to continue to decrease to the next target zone, which is the 2591 zone and the 2571 zone About the intraday trading plan We rely on the Volumprofie zone to determine potential supply and demand zones - In this price zone, we have two potential demand zones, the 2624 - 2621 price zone and the 2613 - 2610 price zone, which will be our BUY target - We also have two major supply zones, the 2648 - 2651 zone and the zone 2670 - 2673 is the zone we use to SELL Specific trading plan SELL ZONE: 2648 - 2651 SL: 2643 TP1: 2637 TP2: 2624 SELL ZONE: 2670 - 2673 SL: 2680 TP 1: 2662 TP2: 2653 BUY ZONE 2624 - 2621 SL: 2619 TP1: 2637 TP2: 2653 BUY ZONE: 2613 - 2610 SL: 2603 TP1: 2624 TP2: 2637
OANDA:XAUUSDLong
by DEEKOP
Gold has a bottom divergence, buy at the low todayThe US dollar continued to rise this week and has now risen to a two-month high. Gold also fell for the sixth consecutive trading day yesterday, and the lowest point of 2605 was tested many times, but it still did not fall below. Therefore, from the current trend, it is not possible to continue to short, because the support of the 2605 line is very strong, and after the precipitation of the past few days, the short-selling force has also weakened a lot. At the same time, it can be seen from the figure that the price trend is falling, but the MACD indicator is continuing to strengthen, which obviously forms a bottom divergence pattern, which is a bullish signal. From the 1H chart, the upper suppression point is in the 2630-2640 area, and the lower support is 2605-2615. So today's trading strategy is to buy in the support area and target the upper resistance area
TVC:GOLDLong
by AntonyTP
CPI data is coming, are you ready to make money?Technical analysis of gold: Gold daily line recorded a big negative again, which is very weak from the perspective of the shape, especially after breaking the 2630 low support and closing at a low level. In terms of the daily line, the five consecutive negative lines in the daily line structure are unfavorable for the development of bulls, especially yesterday's daily line closed with a big negative, which further aggravated the need for adjustment at the daily level, and the price was under pressure below the short-term moving average. The moving averages of other periods maintained a short-term arrangement. The short-term indicators were downward and the volume increased, and the bears had the advantage. At the 4-hour level of gold, the short-term moving average continued the bearish divergence pattern and maintained downward. It is currently running above the lower Bollinger track, and there is no sign of bottoming out for the time being; at the same time, there is a trend of forming a dead cross. If it forms, the downward space will be further opened; the hourly level is currently maintained in a low narrow range of fluctuations, and the strength of the intraday rebound is relatively small. Pay attention to the possible secondary downward trend after the small adjustment and repair is completed. On the whole, He suggests that today's short-term operation strategy for gold should be mainly shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2627 line of resistance, and the short-term focus on the lower side is the 2600-2595 line of support.
OANDA:XAUUSD
by hghbhghb
Gold fluctuates downward and shorts profitThe minutes of the Federal Reserve's September monetary policy meeting revealed deeper divisions at the Fed. Although only one person, Fed Governor Bowman, voted against the decision, the minutes showed that there were more divisions among policymakers than the nearly unanimous decision would indicate. The Fed cut its benchmark policy rate by 50 basis points in the minutes of its September 17-18 meeting, which noted that the pace of future rate cuts would not be determined by an initial large rate cut. Powell encountered some resistance in pushing the Fed to make a decision to cut interest rates by 50 basis points, as more than one of his colleagues advocated only a 25 basis point cut in interest rates. However, geopolitical tensions remain, helping gold prices to stay above the 2,600 mark. Investors now await the US Consumer Price Index (CPI) data to be released on Thursday to further understand the interest rate outlook. Now, traders' attention shifts to the US CPI data to be released on Thursday. The market estimates that inflation will continue to decline. However, if inflation is higher than expected, this will open the door for the Fed to pause its easing cycle. In addition, the number of initial jobless claims in the United States will also be released on this trading day, and investors also need to pay attention to it; in addition, continue to pay attention to the speeches of Federal Reserve officials and news related to the geopolitical situation. Gold technical analysis: Gold fell again yesterday, and the daily line is currently 6 consecutive negatives. It ran below 2620 for most of the trading day yesterday. Overall, it fell below the 20-day moving average, and the 5-day moving average is currently running below the 10-day moving average. The moving average diverges downward, and we continue to maintain a short position. Today, Thursday, the US CPI data was released. While gold remains bearish, it needs to pay attention to the support below. It is expected that the market will have a short-term directional choice. Why do I say that? The daily chart shows that the current short-term trend line is just around the 2600 mark; the market has fallen from 2685, and it has fallen by basically 80 US dollars. Whether it will continue to fall further, or stop falling and rebound and then fall again, it is expected that there will be a result today. In terms of short-term gold operation ideas today, Jin Shengfu recommends shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 2622-2624 line of resistance, and the short-term focus on the lower side is the 2600-2604 line of support.
OANDA:XAUUSDShort
by q1620q1620
XAU/USD 10 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Intraday expectation/Bias remains the same as yesterday's analysis dated 09 October 2024. Analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 10/10/2024 correction is over? Looking at H1 we see that the price is in a complex correction pattern WXY During a complex correction, trying to label the waves accurately is very difficult and not feasible for real trading. Instead, we look for potential targets for the end of the corrective wave I measure the end target of wave Y at 2 price zones, which are the 2589 - 2586 zone and the 2575 - 2572 price zone, which is also the price zone where we set the BUY target Looking at the sideway price zone, we see that in this zone, there are 2 large supply zones, which are the 2639 - 2642 zone and the 3670 - 2673 zone, which will also be our SELL target zone At the moment, my expectation is to catch the bottom of the upcoming uptrend, so we will pay special attention to the BUY zones Trading plan BUY ZONE: 2589 - 2586 SL: 2584 TP1: 2606 TP2: 2622 TP3: 2661 BUY ZONE: 2575 - 2572 SL: 2565 TP1: 2585 TP2: 2606 TP3: 2661 SELL ZONE: 2639 - 2642 SL: 2650 TP1: 2625 TP2: 2606 TP3: 2594 SELL ZONE: 2670 - 2673 SL: 2680 TP1: 2662 TP2: 2641 TP3: 2625
OANDA:XAUUSDShort
by DEEKOP
Has gold seen bottom? Can we continue to be bearish? Yesterday I clearly suggested shorting at 2648, and 2630 was not the short-term bottom. The final result was in line with expectations and unexpected, because the gold price plummeted by nearly $50, not only reaching our target of 2615, but also reaching the lowest point of 2604. I believe that friends who follow the trading strategy have made a lot of money. Congratulations! Let's get back to the point. Because the market's bets on the Fed's sharp interest rate cuts have faded and most of the market's positions have chosen to take profits, gold fell sharply by nearly $50 during the US trading session yesterday, with the short-term low reaching 2604, and then the decline narrowed. As of now, it has remained around 2620 for consolidation. From the gold daily chart, although the lowest point reached 2604, the final closing price was above 2620, just when the daily MA20 daily moving average position was held, and there was no effective break. So since the lower support has not broken, we cannot directly choose to continue shorting today. Instead, we have to wait for the rebound power to be consumed before going short, and the upper suppression area will be a good choice. From the 1H chart, the previous support of 2630 has now turned into resistance, and the same is true for the 2640 line. Therefore, today we need to observe the resistance situation in the 2630-2640 area. Once there is a sign of reversal here, I think it is an opportunity to short. If there are any latest changes in transaction details, I will update you in time in the channel. If you are interested, you can enter below.
TVC:GOLDShort
by AntonyTP
XAU/USD 09 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis dated 06 October 2024 was accurate, with price targeting the weak internal low and printing a bearish iBOS. We are now trading between an internal high and fractal low. CHoCH positioning is still quite a distance from current price, so it’s possible that price may print new lows to bring CHoCH closer to current price. Intraday Expectation: Price is expected to print a bullish CHoCH to indicate the initiation of a bullish pullback phase, keeping the above scenario in mind. I advise caution due to ongoing geopolitical tensions and the Fed's dovish stance. However, we will remain systematic in our approach. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's analysis (08 October 2024) was accurate, with price pulling back, printing a bullish Change of Character (CHoCH), reacting at the premium of the 50% internal equilibrium (EQ), and then targeting weak internal low, ultimately printing a bearish iBOS. We are now trading between an internal high and fractal low. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the initiation of a bullish pullback phase. Bullish CHoCH positioning is marked with a blue dotted line. Price is likely to react at the premium of the 50% EQ or the M15 supply zone before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 XAUUSD (Gold) has been under selling pressure recently, presenting a possible short-term day trading opportunity. In this video, we’ll analyze the price action, examine the prevailing trend and market structure, and discuss a potential trade setup. Risk Disclaimer: Trading Forex involves significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and should not be interpreted as financial advice. 📉✅
FX:XAUUSDShort
by tradingwithanthony
XAUUSD: Double Top/Head and Shoulders From a broader perspective, gold currently resembles a head and shoulders pattern. However, if we focus on a smaller scale, it appears to be forming a double top. For now, we will base our market analysis on this smaller pattern to guide our trades. Typically, after a double top forms, a rebound often follows. This is one of the primary reasons why I recommended a buy position before yesterday's close. When bullish momentum is strong, the price tends to rebound towards or even above the resistance level. In cases of weaker bullish strength, the rebound peak may fall below or only reach the resistance level. Given the current state of the market, the bulls still hold decent power, making it likely that the rebound will test or even surpass the resistance zone around 2629-2638. This area can be considered as a potential exit point for long positions and an ideal entry point for shorts. For short positions, the initial target can be around 2596, which was a previous resistance level during the uptrend. The mid-term target aligns with the low formed during the left shoulder of the head and shoulders pattern, around 2558. The final target would be near 2518, the starting point of the head and shoulders formation. Every trader has their own preferred strategy, but the key is to align with the overall trend. Even if short-term volatility creates challenging situations, staying patient and trusting the broader market direction will lead to success in the end. The process may involve several tests, but perseverance and timing are crucial.
OANDA:XAUUSDShort
by Mia-Signal
Gold 2630-2638 Range Is Good For Shorting After a significant rally, gold has finally retraced to the 2600 level. If you’ve been following my recent analysis, you should have already taken advantage of this move. Yesterday, my strategy was to short at 2648, closing near 2618, while recommending a long position near 2610 with a target range of 2620-2628. This approach played out perfectly, securing notable profits. Gold is now hovering around the MA20, where resistance is expected to be minor. The key resistance zone lies between 2632-2638, close to the MA60. While it may not reach this level, the current rebound is not over yet. If it reaches the MA60 region, it will present an ideal shorting opportunity with at least $10 of downside potential. Successful trading always relies on strong signals—don’t you agree?
FOREXCOM:XAUUSDShort
by Wealth_Waves
Gold shorts are not over yet, watch out for accelerated declinesThe September NFP data is good news for the market, giving the market more reasons to prepare for the latest inflation data. Last week's heavyweight employment report puts more pressure on this week's CPI data. If the data unexpectedly rises sharply, it is likely to cause market turmoil. After the blowout employment report last Friday, the importance of this week's CPI has been significantly provided. We have noticed that the US dollar has continued to maintain its upward momentum recently. It is likely to continue its upward trend before the release of CPI data. If there is a correction, it can only be after CPI. Therefore, the rise of the US dollar will bring continued suppression to gold. It can be seen from the figure that the gold price has repeatedly tested the low point of 2630 during the decline. I think 2630 is not a short-term bottom. It will fall below in the next two days. Once it falls below, you can see the support of the lower moving average near 2615. In addition, 2648 is the 0.382 position of the Fibonacci retracement. The pressure effect here has been verified many times before, so friends who are short can choose to sell here. My personal short position is currently in a state of substantial profit, but I will not close the position for the time being. I will continue to hold and expand the profit.
TVC:GOLDShort
by AntonyTP