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Gold fluctuates and falls from high levelDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Technical analysis of gold: Gold closed higher with a small positive line on the daily line, and continued to rise for five consecutive days, but they were all small positive star K lines, without a high-level volume movement, and belonged to a slow and high-shrinking movement. In the short term, the volume is temporarily insufficient, and the US dollar is also strong, which limits the momentum of further volume of gold prices. Gold was only a line away from a new high yesterday, and fell under pressure. Today, gold is particularly critical. If it breaks through a new high, then gold will rise again. If it falls under pressure again, then gold will start a large correction. In terms of today's short-term operation ideas for gold, Jin Shengfu recommends rebound shorting as the main, and callback long as the auxiliary. The short-term focus on the upper side is 2682-2685 line resistance, and the short-term focus on the lower side is 2638-2640 line support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by jfqch1
1
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.
OANDA:XAUUSDLong
by jfqch1
XAUUSD: There is a possibility of falling below 2700 todayYesterday we waited for the gold price to meet resistance at 2740 before selling, and the effect was very good. Today my strategy is still bearish. As long as 2740 is not effectively broken, the bearish view can be maintained. From the 1H chart, after yesterday's failure to break through the 2740 resistance, the bearish pattern of the head and shoulders top has basically formed, and there is no problem with the lowest position of the head and shoulders top pointing below 2700 points. Therefore, even if today's sharp decline in the market after Black Friday is out, I am not surprised. With the formation of a downward trend, the high point is definitely moving down, so today's selling point can be appropriately lowered a little, in the range of 2730-2740, the target is 2715 first, and then 2700 The above is today's trading strategy. Friends who need to copy my detailed signals and real-time operations can contact me, good luck everyone!
TVC:GOLDShort
by AntonyTP
1
Week of Consistent Wins: Gold Strategy PositioningThis week’s gold strategy has achieved a remarkable 100% success rate, with those who closely followed the trades seeing a 200% profit—congratulations to everyone on consistent gains! Today marks the final trading day of the week, and this key setup will define our closing profitability for the week. Fundamental Analysis: The “U.S. Initial Jobless Claims for the week ending October 19” was a significant bearish driver for gold yesterday, leading to a sharp price drop. This further confirms the strengthening U.S. economy, which continues to weigh on gold. Today’s “October University of Michigan Consumer Sentiment Index Final” will also reflect U.S. economic conditions and likely adds to the bearish sentiment on gold, presenting another trading opportunity. Technical Analysis: Although the daily chart previously formed a bullish engulfing pattern, this setup has invalidated as gold prices moved higher, and buying pressure increased. Additionally, the Relative Strength Index (RSI) has ceased its decline and is resuming an upward trajectory in the bullish region, signaling renewed buyer interest. Today's Strategy: Based on a combined analysis of fundamental and technical factors, today’s first move is to go long on gold, with a profit target at the 2733-2734 level. After the long position reaches the target, a short position can then be initiated with a profit target between 2720-2718. Given the complex nature of today's trades, if you require my guidance or wish to join the VIP for more real-time strategies, feel free to reach out!
OANDA:XAUUSDLong
by Falcon-Training-Camp
Gold Price Hits New All-Time High Near $2,757 - Have a Look NextGold has once again proven its status as the ultimate safe-haven asset, recently reaching an all-time high just shy of the $2,757 mark. This surge comes amid rising geopolitical tensions and increasing expectations for further rate cuts by the US Federal Reserve. Despite a rise in US Treasury yields, the yellow metal's upward momentum remains strong as investors flock to it during times of uncertainty, highlighting its enduring appeal as a store of value. Factors Behind Gold’s Historic Surge 1. Geopolitical Tensions Global geopolitical risks have escalated recently, leading to a rush toward safe-haven assets like gold. Heightened conflicts in the Middle East and lingering tensions in Eastern Europe have fueled fears of broader market instability. Gold, historically seen as a hedge against geopolitical uncertainty, has been one of the primary beneficiaries as investors seek to protect their portfolios. 2. Expectations of Further Fed Rate Cuts Market sentiment is increasingly tilting toward additional rate cuts by the Federal Reserve. The anticipation of lower interest rates typically supports gold prices, as lower rates reduce the opportunity cost of holding non-yielding assets like gold. With economic data pointing to slower growth and possible deflationary pressures, the Fed may be inclined to continue its dovish stance, further boosting gold’s appeal. 3. US Treasury Yields and Safe-Haven Demand Even as US Treasury yields have risen, signaling expectations of a stronger US economy, gold's ascent has not been hindered. This decoupling suggests that other factors, like risk aversion and safe-haven demand, are currently driving the metal’s price. Growing fears of a potential Trump presidency in 2024 have added an extra layer of uncertainty, prompting investors to seek the stability that gold provides. Technical Analysis: Is a Retracement on the Horizon? From a technical standpoint, the recent surge in gold prices suggests that the metal may be poised for a near-term pullback. Here’s why: Commitment of Traders (COT) Report Analysis: According to the latest COT report, retail traders remain heavily bullish on gold, a potential contrarian indicator that often precedes a short-term price reversal. Meanwhile, the so-called "smart money" appears to be scaling back on long positions, suggesting a potential shift in sentiment. Seasonal Forecast: Seasonality patterns indicate that gold might be approaching a reversal phase. Historically, gold has shown a tendency to retrace after significant rallies, especially when retail sentiment becomes overly bullish. This seasonal forecast aligns with technical signals that suggest a possible correction. Potential Retracement Levels: If gold begins to retrace from current levels, key support zones to watch would include $2,700 and $2,650, where previous resistance levels could now act as support. Traders should keep a tight stop-loss to protect against potential downside risks, especially given the ongoing volatility in global markets. Trading Strategy: Cautious Optimism with a Tight Stop-Loss While the long-term outlook for gold remains bullish due to ongoing geopolitical uncertainties and monetary easing expectations, short-term traders should exercise caution. With the potential for a near-term pullback, the ideal strategy may involve waiting for a retracement to key support levels before considering new long positions. Risk Management: Given the current elevated price levels, it’s crucial to maintain a tight stop-loss to manage potential downside risk. Potential Reentry: If a retracement occurs, investors could look for signs of stabilization around the $2,650–$2,700 range before reentering the market. Final Thoughts: A Bullish Long-Term Outlook with Short-Term Caution Gold’s recent surge to near $2,750 highlights its role as a global safe haven amidst uncertainty. However, with retail sentiment leaning heavily bullish and the possibility of a technical correction looming, traders should remain cautious in the short term. Despite the potential for a pullback, gold’s long-term fundamentals remain intact, driven by geopolitical risks, monetary policy expectations, and overall global economic uncertainty. As always, a balanced approach, considering both the fundamental and technical factors, will be essential to navigating the evolving landscape of gold trading. ✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
OANDA:XAUUSDShort
by FOREXN1
1
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits. With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
GOLD H & S HARMONIC PATTERN TIME TO RETRACE HELLO TRADERS As i can see gold had created ATH HIGH 2756$ AS WE ANALYSIS in previous chart successfully hit all given targets chart is attached in comments now we can see gold is rejecting for last ATH and had created now a harmonic pattern H & S its a great opportunity to join the rally till design levels technically its also over bought RSI on weekly chart all time high now above 80 its an some geopolitical talks on going for ceasefire in GAZA and Lebonan Friends its a trade idea with proper risk management make a proper analysis brfore taking any trade ... Stay Tuned for more updates
OANDA:XAUUSDShort
by APEX_TRADING_ACADMEY
XAU/USD 25 October 2024 Intraday AnalysisH4 Analysis: Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024. -> 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. Analysis/intraday expectation remains the same as yesterday's analysis dated 24 October 2024. 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 react at nested H4 and M15 supply levels before targeting the weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
2
Gold needs to hit $2,740 to keep rising.Gold prices continued to rise in the Asian trading session on Friday, marking the second consecutive day of consolidation. Although it reached a record high of $2,759 on Wednesday, prices remained confined within a familiar range since the beginning of the week. The fluctuations in gold prices are influenced by expectations that the Federal Reserve may adopt a less aggressive easing policy, along with uncertainties surrounding the presidential election and geopolitical tensions in the Middle East. Additionally, earnings reports from U.S. companies play a crucial role in shaping risk sentiment, which in turn affects the value of the U.S. dollar (USD) and gold prices. Personal opinion: To maintain a sustainable upward trend, surpassing the resistance level of $2,740 is really important. If successful, this will open up opportunities for gold buyers to continue targeting the psychological barrier of $2,750. If they can break through this level, the next goal will be the record high of $2,759. This indicates that the market is showing positive signs and could continue to grow, offering hope to investors. Pay attention to the price range: Buy Zone: 2704 - 2702 SL: 2697 Buy Zone: 2713 - 2711 SL: 2706 Sell Zone: 2740 - 2742 SL: 2747
OANDA:XAUUSDLong
by Chana-Trading
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again. Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space. The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
OANDA:XAUUSDLong
by Mia-Signal
2
Gold Bearish Retracement and Pre-Data PositioningYesterday's sharp bearish move in gold resulted in significant pullbacks, and those who followed the strategy have reaped substantial profits. Congratulations to everyone who acted accordingly. For those still on the sidelines, please carefully review my strategy. When the market reaches the anticipated levels, you must act decisively—hesitation only leads to missed profits. Fundamental Analysis: Due to ongoing conflict in the Middle East and significant uncertainty surrounding the U.S. elections, gold remains supported by safe-haven demand in the medium to long term, which limits its downside potential. Overall, the big picture for gold still leans towards an upward trend. However, the recent decline is largely driven by the strengthening U.S. dollar and rising U.S. Treasury yields, reflecting positive developments in the U.S. economy. Today's "Initial Jobless Claims for the week ending October 19th" is likely to add bearish pressure on gold. In anticipation of this data, we can initiate short positions before its release. Technical Analysis: On the daily chart, the market is showing a clear "avalanche" pattern, with a large bearish candlestick breaking through the previous two days' bullish momentum. Prices have rebounded to a key resistance level around 2740, forming a bearish engulfing pattern at this short-term top. Therefore, the ideal short entry point is around 3738. Today's Strategy: Before the data is released, short positions should be initiated around 3738. If the data proves bearish for gold, and prices fall to 2725, we can switch to long positions. Today's trading setup is somewhat complex. If you're unsure how to execute these trades or need detailed guidance, feel free to reach out to me for personalized support.
OANDA:XAUUSDShort
by Falcon-Training-Camp
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