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XAUUSD:22/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2750, support below 2673 Four-hour resistance 2750, support below 2720 Gold operation suggestions: After yesterday's strong upward shock and high break in the Asian and European sessions, the US session was under pressure at the 2740 mark and ushered in a suppression and decline. The overall price showed a suppression adjustment pattern at the 2740 mark, but the short-term gold price technical indicators did not show any signs of turning, and the short-term and medium-term moving averages were still arranged in a bullish pattern and diverged upward. From the current market trend, today's attention is paid to the 2720 first-line support below, and the attention is still paid to breaking the new high above. Gold is still in a bullish arrangement, the daily line has also formed a bullish arrangement, and the moving average system is also relatively perfect. Today we choose to go long directly, and go long near 2720 below. The overall idea has always been to focus on the retracement and the daily level 2673 bull-short watershed, and wait patiently for the key points to enter the market. BUY:2720near SL:2715 BUY:2700near SL:2695 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
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!
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU/USD 22 Ocotober 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024. Price has printed both a bullish iBOS and a subsequent BOS. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs). Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line. At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Yesterday's intraday expectation was met, with price targeting weak internal high. However, internal structure bullish momentum was not sustained, as price printed an iBOS. This was expected, given that all higher timeframes (HTFs) are in need of a pullback. Price has reacted from M15 supply level. Intraday Expectation: Price is expected to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold is rising back to $2,741 early Tuesday.The greenback has retreated from its highest level in nearly three months in Asian trading on Tuesday, as U.S. Treasury yields reinforced the previous price increase. The dollar's pause and rising yields have provided buyers with an opportunity after Monday's sharp drop from record highs. A moderate risk tone and uncertainty ahead of the U.S. presidential election have revived demand for gold as a safe haven. However, it's unclear whether gold prices will sustain their upward momentum and reach new record levels, especially as Chinese stocks show signs of recovery. Expectations for a less aggressive stance from the Fed may also limit the upward trend of this precious metal. Personal opinion: Gold prices are currently attempting to test the record high of $2,741. In this context, buyers are actively pushing back, trying to regain control of the market. The competition between buyers and sellers is intense, creating a lively atmosphere in gold trading. Pay attention to the price range: Buy Zone: 2705 - 2703 SL: 2698 Buy Zone: 2716 - 2714 SL: 2709 Sell Zone: 2740 - 2742 SL: 2747 Sell Zone: 2750 - 2752 SL: 2757
OANDA:XAUUSDLong
by Chana-Trading
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
OANDA:XAUUSDLong
by ForexMasters2000
1
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
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.
OANDA:XAUUSDLong
by Falcon-Training-Camp
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.
OANDA:XAUUSD
by Mihai_Iacob
8
XAUUSD: Can be bullish, but beware of pullback riskGold prices have continued to rise this year, hitting new highs, even as the U.S. stock market hit a series of record highs. Although the rise of safe-haven assets does not usually follow stocks, due to the demand of central banks and the decline in real interest rates, coupled with the constant geopolitical conflicts, gold has become the best way for investors to invest, which in turn continues to push up gold prices. Judging from the current trend of gold prices, gold has no signs of peaking at all, and the bullish trend is very strong, but at the same time, this moment is the most dangerous. The rise now seems to be completely abnormal. Once a certain opportunity appears, the decline will also be a waterfall. From the 1H chart, we can see that gold does not give a big chance of callback now, which is completely different from the previous rise. This is nothing more than wanting you to keep chasing the rise at a high level. But if you chase the rise like this, it will be very dangerous, and it is easy to chase the rise to the top of the mountain. The 2720 position in the figure is today's opening price. If the gold price can stabilize above 2720-2725, then gold will undoubtedly continue to rise and further hit new highs. But if it falls below 2720 today, then be careful. The gold price may further test the 2700 integer mark. If 2700 falls below, it will be the beginning of a sharp correction. So if you want to participate in the transaction today, you have to look at the situation in the 2720-2725 area. You can buy when the price stabilizes here. Otherwise, I do not recommend other trading positions.
TVC:GOLDLong
by AntonyTP
1
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.
OANDA:XAUUSDLong
by Setupsfx_
21
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
XAUUSD GOLD Update PLUS Technical Analysis and New Trade Idea👀👉 XAUUSD has been in a sustained bullish trend, with price action extending into new all-time highs. Given the overextended nature of the move, my suggestion is to lock in profits on existing positions. I would then wait for a potential retracement into the imbalance highlighted in the video for a possible re-entry, should market conditions align as outlined. Disclaimer: This content is for educational purposes only and should not be considered financial advice. 📊✅
FX:XAUUSD
by fxtraderanthony
XAUUSD:21/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2750, support below 2685 Four-hour resistance 2733, support below 2721-14 Gold operation suggestions: Gold did not fall too much after opening on Monday, and continued to rise steadily, so the downward correction of gold will not be too large. If the correction is too large, it means that the rise of gold has ended. If gold falls slightly, it can continue to go long. The hourly moving average of gold continues to diverge upward. Gold fell back to 2613 several times on Friday night and began to stop falling and rise. Gold bulls continue to be strong, and gold falls back to continue to go long. From the current market trend, today's attention is paid to the support of 2721-14 below, and the upper attention is still paid to the suppression of 2750. Gold is still in a long arrangement, the daily line has also formed a long arrangement, and the moving average system is also relatively perfect. Today we can choose to go short below the 2750 mark, and follow if the market falls. The support below the daily line moves up to the 2685-2700 mark, and wait patiently for the key points to enter the market. BUY:2721near SL:2718 BUY:2714near SL:2711 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
XAU/USD 21 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remain unchanged from yesterday's analysis dated 20 October 2024. Price has printed both a bullish iBOS and a subsequent BOS. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs). Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line. At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has continued to surge, driven by a softer stance from the Fed and increasing geopolitical tensions. Since the last analysis, price has printed a BOS followed by a series of bullish iBOS’. The internal range of iBOS has narrowed, with price now targeting the weak internal high after reacting from the M15 demand zone. Intraday Expectation: Price is expected to target the weak internal high. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD 21/10/2024 Is the rally over? Looking at H1 we see that wave 3 is still continuing. - The target of wave 3 we measure at the price zone 2736 - 2739 or the price zone 2800 - First we look at the price zone 2736 - 2739, this is the minimum target price zone of wave 3 ending at this zone, so when the price approaches, there is a high possibility that the price will react at this zone, so we will set a SELL target at this zone - Next, there is an area determined by the confluence of Fibonacci, which is the 2768 zone, this is also the resistance zone that the price must overcome - With the structure that is completing wave 3 like this, our priority target is BUY at the end of wave 4 to follow the uptrend of wave 5 - With the assumption that the target of wave 3 ends at the price zone 2736 - 2739, the target zone to end the adjusted wave 4 is the price zone 2706 - 2703 or the price zone 2693 - 2690 Trading Plan SELL ZONE: 2736 - 2739 SL: 2746 TP1: 2717 TP2: 2706 BUY ZONE: 2706 - 2703 SL: 2700 TP1: 2718 TP2: 2725 TP3: 2738 BUY ZONE: 2693 - 2690 SL: 2683 TP1: 2706 TP2: 2718 TP3: 2738
OANDA:XAUUSDShort
by DEEKOP
1
XAU/USD 21-25 October 2024 Weekly AnalysisWeekly analysis: Swing Structure: Bullish. Internal Structure: Bullish. Price has continued to print all-time highs and surge, with no signs of bearish pullback phase initiation. The first indication of a pullback would be price printing a bearish Change of Character (CHoCH), marked by a blue dotted line. Price has continued to rise, bringing CHoCH positioning significantly closer to analysis dated 22 September 2024. Weekly Chart: Daily Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish Internal Break of Structure (iBOS) and continued its upward surge, driven by soft U.S. macroeconomic data and increasing geopolitical tensions. Following the bullish iBOS, a bearish pullback is anticipated, though there are no current signs of it materialising. The first indication, but not a confirmation, of a pullback would be price printing a bearish Change of Character (CHoCH). Since last week's analysis, CHoCH positioning has been brought significantly closer to current price action. The bearish CHoCH level is denoted by a blue dotted line. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Since the last analysis, due to illness, price has printed both a bullish iBOS and a subsequent BOS. Driven by the Fed's dovish stance and escalating geopolitical tensions, gold, as a safe-haven asset, has continued its upward surge. The swing low has been brought significantly closer. A break of this swing low would confirm the initiation of a pullback phase across all higher timeframes (HTFs). Following the BOS and iBOS, we expect a pullback. The first indication, but not confirmation, would be price printing a bearish CHoCH, denoted by a blue dotted line. At this stage, there are no signs of a pullback, so price could continue higher to bring CHoCH positioning closer to current price action. H4 Chart:
OANDA:XAUUSD
by Khan_YIK