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XAUUSD: 24/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2760, support below 2700-2673 Four-hour upper resistance 2738, support below 2700 Gold operation suggestions: Yesterday, gold technically stabilized near 2738 in the Asian and European sessions, rebounded quickly, and then further broke through the historical high to near 2758 and fell under pressure, falling rapidly. The US session broke through the two integer levels of 2740 and 2730 and reached near 2708 to start rebounding. The overall price appeared under pressure and resistance at the 2758 level in the short term. Yesterday, the NY market fell and broke through the 2738 line, which became a short-term strong resistance and suppression area. The important support below is 2705-08 From the current market trend, the intraday rebound pressure near 2738 continues to be bearish, and then look for low points to go long. The short-term support below focuses on the vicinity of 2705-08. The overall intraday trading relies on the pressure of the 2738 level and the 2708 support. Wait patiently for key points to enter the market. BUY:2709near SL:2705 BUY:2700near SL:2697 BUY:2673near SL:2670 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
XAUUSD: Today’s target is 2700 points, short on rebound highToday's trading strategy: The support area of ​​2725-2720 was broken yesterday, and the overall trend of gold prices has been destroyed, so we can no longer maintain a bullish view. From the hourly chart, the current gold price may form a head and shoulders top pattern. If this pattern is confirmed, it will enter a correction cycle. The resistance area we need to pay attention to above is around 2740. As long as this position is not effectively broken, the gold price will start to fall, and it is very likely to test 2700 points.
TVC:GOLDShort
by AntonyTP
1
Tuesday Market Analysis and SignalsGold fell 50$ from the all-time high of 2758 yesterday. The four-hour chart shows the initial head and shoulders top, with the left shoulder at 2740 and the right shoulder waiting for confirmation. After this pattern ends, gold shows a signal of being blocked, and a wave of correction is coming! Today, gold rebounded and began to short, and there is still a need for further correction! Gold fell from a high yesterday, and perhaps the trend is about to turn short. After a continuous rise in gold, gold bulls were released, and gold bears began to perform. Gold shorted below 2740 in the Asian session! The 1-hour moving average of gold began to turn around, and it broke through the support of two moving averages in succession. The gold bulls temporarily declared an end. Now the moving average resistance is near 2738. Gold fell under pressure from a high level, and the market has turned short. The strength of gold rebound is limited, and the rebound is an opportunity for shorts. . Trading strategy: Focus on going long near yesterday's low of 2708. Pay attention to the resistance of the top and bottom conversion position 2739 above. More signals will sent to the VIP group
OANDA:XAUUSDShort
by Jun-goldFX
XAU/USD 24 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. Price has printed a bearish Change of Character (CHoCH), signaling but not confirming the initiation of a bearish pullback phase. Intraday Expectation: While there are no clear signs of a pullback yet, price is expected to react at either the 50% equilibrium (EQ) or H4 demand zone before targeting the weak internal high. I'll remain on standby for further developments. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Yesterday's intraday expectation was not met, as price failed to target the weak internal high and instead printed a bearish Internal Break of Structure (iBOS). This aligns with the H4 timeframe being in a pullback phase. As previously highlighted, price remains highly volatile, driven by ongoing geopolitical tensions and the Fed's softer stance. Price has since printed a bullish Change of Character (CHoCH), suggesting but not confirming the initiation of a bullish pullback phase. Currently, price is trading within a well-established internal range. Intraday Expectation: Price is reacting around the 50% equilibrium of the internal range and may also respond to nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold prices edged up as U.S. yields fell and the dollar weakenedThe slight decline of the USD and U.S. Treasury yields may reflect stable market sentiment in Asia following a technology sell-off on Wall Street. U.S. stock futures rebounded as risk was re-established, thanks to strong earnings reports from Tesla Inc. Tesla reported adjusted earnings of 72 cents per share for the quarter, surpassing analysts' average estimates and ending a streak of four consecutive quarters of missed expectations. The company noted that the Cybertruck, delivered for the first time late last year, has started to turn a profit. Personal opinion: The price of gold is currently facing strong resistance at $2,723. This is the 23.6% Fibonacci retracement level from the recent record price increase, where the price rose from $2,604 on October 10 to an all-time high of $2,759. If it breaks above this level, buyers may find it easier to surpass the psychological barrier of $2,750. The next target will be the record high of $2,759. Pay attention to the price range: Buy Zone: 2712 - 2710 SL: 2705 Sell Zone: 2759 - 2761 SL: 2766 Sell Scalp: 2736 - 2738 SL: 2743
OANDA:XAUUSDLong
by Chana-Trading
1
Reinitiating Gold Bearish StrategyToday, I will once again reveal my bearish strategy, entering short positions decisively at 2755. The emergence of a large bearish candlestick has successfully breached the 2750 support level, with prices even dipping to around 2700, allowing for anticipated profits from short positions. Opportunities favor the prepared; if you're still on the sidelines, you may be missing out. Technical Analysis: The hourly chart for gold has developed a distinct bearish pattern, with the large bearish candlestick exhibiting a free-fall movement, piercing through all support levels. The current K-line rebound continues to signal a bearish trend, expected to breach key support lines once again. Additionally, the moving averages have shown a clear downward reversal, indicating that the market's strength has shifted decisively downward. In the short term, we will continue to monitor the topping pattern, with 2725 remaining an optimal point for short entries.
OANDA:XAUUSDShort
by Falcon-Training-Camp
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets. Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening. ⭐️Personal comments NOVA: Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2765 - $2767 SL $2772 TP1: $2758 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2730 - $2728 SL $2723 TP1: $2740 TP2: $2750 TP3: $2760 ⭐️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
5
Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
XAUUSD: The rise is not over yet, 2740 is not the topYesterday, our strategy of waiting for the 2720-2725 area to stabilize before buying was still correct. Although the gold price hit a low of 2714, it continued to rebound and reached a high of 2738. We bought near 2720 yesterday and have taken profits today. From the 1H chart, we can see that the decline in gold prices yesterday touched the rising trend line of 2715. As time goes by, the price of the trend line will gradually rise. The 2720-2725 area is where the next trend line is located. Therefore, my thinking today will continue to follow yesterday's trading method. If the gold price falls back to the 2720-2725 area again, I will buy long orders again, with the target at 2750.
TVC:GOLDLong
by AntonyTP
1
XAUUSD: 23/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2750, support below 2713 Four-hour resistance 2750, support below 2729 Gold operation suggestions: Gold stabilized at the 2720 mark in the Asian session yesterday and then ushered in a strong unilateral upward trend of bulls. The European and American sessions successively pulled up and broke through and stood on the 2730 mark to continue the strong rise of bulls. The US session accelerated the high and broke through the 2740 mark and reached a strong close near 2748. Gold continued to close higher on the daily line, setting a new high and closing at a high level. The slow rising rhythm, the method of consolidating and setting new highs, the daily line is still strong. It is still in the unilateral bull market. Even if there is a retracement, it is a consolidation-style retracement correction. As long as there is no continuous negative after a high rise, the short-term daily line will still be strong. The overall gold price has retreated twice at the 2720 mark to confirm the formation of stage support. The short-term and medium-term moving averages are still arranged in a bullish pattern and diverge upward. Today, the short-term support below is around 2730. The intraday retreat relies on this position to continue to be bullish. The short-term bullish strong dividing line focuses on the 2720 mark. The daily level stabilizes above this position and still maintains the rhythm of going long at a low price. BUY:2730near SL:2727 BUY:2713near SL:2710 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Precision Strike: Gold Bearish Trend on the Verge of UnfoldingNo need for excessive explanation—the current gold market trend is clear, and a pullback is imminent. I am confident that now is the ideal moment to go short, focusing on swift, accurate, and decisive moves. With bearish positions already in hand, we are well-prepared for a significant price drop. Technical Analysis: The hourly chart for gold has displayed a strong bearish movement. The large bearish candlestick has decisively engulfed the previous bullish candlestick, forming a classic "bearish engulfing" pattern. From a technical perspective, the price will inevitably revert to the moving average. After an extended rally, gold is showing signs of exhaustion, and this single bearish candlestick has shattered the current strength, signaling a major reversal. With the bearish momentum building, a short position around the 2755 level after a rebound is highly recommended. Fundamental Analysis: Additionally, there will be several bearish factors in the news today supporting further downside movement for gold. Therefore, for short-term traders, maintaining a bearish bias is advised to capitalize on the market’s downward momentum.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Selling gold price is the best timeOvernight, gold prices reached a new high, resulting in substantial profits for long-position traders. Market participants who responded to the news and utilized effective strategies achieved significant gains. Market Trend Analysis: Currently, gold prices have entered an overbought zone, facing considerable short-term pullback pressure. Additionally, geopolitical tensions have eased, providing more volatility opportunities for the market. In this environment, short-selling is undoubtedly the more prudent choice. Over the past month, we have consistently delivered precise rapid trading strategies, with participants achieving at least four notable profit opportunities each day. Current Market Conditions: The spot price of gold is $2757. The strategies are as follows: Short-sell when the market reaches $2765-$2770; Go long when the market falls to $2749-$2744. Trading strategies and signals are time-sensitive, so please stay tuned for the latest updates to capitalize on optimal trading opportunities. OANDA:XAUUSD OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
OANDA:XAUUSDShort
by George_parse
1
Gold Trading : A Must-See OpportunityToday’s trading went very smoothly. I sold at 2746, took profit at 2738, then bought back at 2738 and closed in the 2742-2745 range—perfectly timed. Some friends receive only one signal a day, while others get two, and some can access every trading signal I send. It all depends on your individual choices and preferences. Currently, gold has broken above MA5 and returned to 2746, with MA60 as a reference for support and resistance temporarily at 2750. Today’s decline started from this level, and any upward movement will need to be assessed through trend lines, targeting around 2760. If it truly rises to this level, I believe there’s a high chance it will drop back to around 2750.
FOREXCOM:XAUUSD
by MichaeliaDefoe
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.
TVC:GOLDLong
by George_parse
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.
OANDA:XAUUSDShort
by Mihai_Iacob
11
XAU/USD 23 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. As a result of this strong bullish momentum, CHoCH positioning has been brought significantly closer to current price action, reducing the need for a deep pullback to indicate the initiation of a bearish pullback phase. Intraday Expectation: Price is not currently showing any signs of a pullback, so I will remain on standby. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was not met, as price failed to target the weak internal low and instead printed a bullish iBOS. As previously mentioned, price remains extremely volatile due to ongoing geopolitical tensions and the Fed's softer stance. After a bullish iBOS, we expect a pullback. The first indication, but not confirmation, of a bearish pullback phase initiation would be a bearish CHoCH, denoted by a blue dotted line. Price is currently trading between an internal low and a fractal high. Intraday Expectation: Price is expected to print a bearish CHoCH, indicating the initiation of a bearish pullback phase. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
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. 📊✅
FX:XAUUSDLong
by fxtraderanthony