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XAUUSD trade ideas

Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off! After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop. For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest. If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
FOREXCOM:XAUUSDShort
by Wealth_Waves
What Should You Do if You Hold Long Positions Between 2770-2750?Today, influenced by negative data, gold experienced a significant drop. After completing the take profit on my short positions, I entered long trades. I believe many of you are in a similar situation, holding long positions in the 2767-2730 range, which has led to our accounts being in a trapped state. However, after such a large decline, a market rebound is inevitable. As long as we hold our positions firmly, we can at least expect a rebound to around 2760. Additionally, tomorrow's NFP data and unemployment rate will be released, along with several other minor data points that will certainly contribute to increased market volatility. If the price rebounds to around 2760 before the data is published, then under negative data conditions, it is likely to drop again. However, if the price does not rebound to this level, gold will not drop too much under negative data, with 2721-2712 being an acceptable range. In this context, next week's trading will definitely focus on long positions. So, if your orders are also in a trapped state, there’s no need to worry too much. The market always has its ups and downs; stay confident and seize the opportunities for a rebound. In the end, we will achieve better results.
OANDA:XAUUSDLong
by Mia-Signal
GOLD Buyers In Panic! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 2777.4 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 2753.4 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
1
GOLD ANALYSIS: Sell above 2.800?Hi Traders| Gold remained above $2,780 per ounce on Thursday, holding at record levels due to increased demand for safe-haven assets amid uncertainties surrounding the US elections and geopolitical risks. Markets are also evaluating the latest US economic data, which shows a 2.8% annualized GDP growth for the third quarter, slightly below the 3% expectation. Meanwhile, personal consumption and sales rose significantly, indicating American consumers' resilience and maintaining elevated inflation risks, as highlighted by unexpectedly high core PCE price figures from the last quarter. Still, traders are poised for further monetary easing at the upcoming meeting, which benefits gold as lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion. Investors are now awaiting PCE figures and payroll data due Thursday and Friday. 📊 TECHNICAL ANALYSIS That said our bullish setup is still in play with Target 2 (see chart below), but at the same time, above the 2,800 area an important resistance area and some Reversal Patterns on lower time frames should appear in the short term. If this happens we can try to take a short position. 🔴 ANALYSIS TARGET 1 (long/bullish) (click & play on chart below) 🔴 ANALYSIS TARGET 2 (long/bullish) (click & play on chart below) Thanks for watching.
OANDA:XAUUSDShort
by TheAnonymousBanker
Will gold bottom out and rebound due to non-agricultural data?Gold began to fall sharply after hitting around 2390, but it did not continue to fall today, and continued to rise. The highest test during the day was 2757.60, which also continued the overall bullish trend momentum. Although it is not a very strong performance, it does not show a weak performance pattern after the gold price temporarily encountered resistance. The lower support position of gold is near 2739, which is expected to bottom out and rebound, and the upper resistance level is 2771, 2782. In addition, data prices fluctuate greatly and quickly, so pay attention to risk control!
TVC:GOLDLong
by Donald-trading-star
The world gold price suddenly went into limboMarex analyst Edward Meir said: "Investors are buying when gold prices are on the rise. This strategy was maintained throughout the US election because there was a lot of volatility." Ms. Kamala Harris - Vice President of the Democratic Party - currently has a support rate of 46%, temporarily leading former President Donald Trump who has a support rate of 43%. Gold prices rose more than 4% in October as investors poured money into safe assets, partly due to tensions in the Middle East and uncertainty in the US election. Markets are now focusing on the US nonfarm payrolls report for clues about the health of the world's largest economy. Traders see a 95% chance that the US Federal Reserve (Fed) will cut interest rates by 25 basis points next week, according to CME's FedWatch tool. Zero-yielding gold thrives in a low interest rate environment. Data just released US labor costs recorded the smallest increase in more than three years in the third quarter, while the number of Americans filing new unemployment claims fell to a five-month low last week. before.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD possible retrace?Hi guys, Gold, XAU USD is currently at a possible area where we may find strong resistance and selling opportunity. The pink box just above price is that zone. This zone is the 2.0 retracement of the massive base that gold created between 2011 and 2020. This zone is also significant retraces of all the high to lows on the daily from a few months ago. Price has been travelling in the bearish channel , and is now again at the very top of this channel. RSI is in overbought and clear divergence on the daily timeframe. All in all solid confluence to suggest sell setups may appear around this area. Lower timeframe entries using BOS CHOCH, trendline breaks ,chart patterns etc could lead to nice risk/ reward trades. Safe Trading all.
OANDA:XAUUSDShort
by elyask120
GOLD M30 FORECASTIn this analysis we are focusing on 30M time frame for XAUUSD. I'm looking potential sell today. By using trendline and liquidity concept. So wait for price wait for rejection wait for confirmation. Let's see what happens and which opportunity market will give us. Without any confirmation we could not execute our trade. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analyze or prediction. #GOLD M30 Technical Analyze Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal