GOLD SHORT POSITION I found a short position on Gold. Im currently at breakeven. I had to chase Gold a little. Risk Management is Key here.
XAUUSD trade ideas
Data is approaching: Plan short-selling strategies in advanceMarket Analysis: With the upcoming release of the “U.S. Initial Jobless Claims for the week ending October 26” and the “U.S. Core PCE Price Index Year-on-Year for September,” we anticipate significant market volatility in gold. My personal forecast leans towards a bearish impact on gold prices, especially given the positive indicators from various economic data released in October. Thus, the likelihood of tonight’s data being bearish for gold is high. We can proactively establish a short position ahead of the data release.
Pre-Data Release Gold Trading Strategy:
Entry Range: Short gold between 2780-2782
Take-Profit Target: 2772
Stop-Loss: 2790
Risk Management and Operational Advice: Post-data release, if profits are realized, it’s advisable to take immediate profits, as the market may reverse following the data announcement. I will also provide subsequent trading strategies after the data is released, so please stay tuned for updates to adapt your trading approach.
XAUUSDPair : XAUUSD ( Gold / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Order Block
Resistance Level
H4 SCENARIO Gold prices are projected to continue their recent upward trend, with predictions suggesting potential volatility amid economic uncertainties. Analysts expect price levels to range from $2,600 to $2,800 per ounce in the short term. This forecast reflects investor sentiment leaning toward gold as a safe-haven asset amid potential U.S. economic challenges and Federal Reserve policy changes expected by the end of 2024. Goldman Sachs foresees gold possibly reaching $2,700 per ounce, supported by a weaker U.S. dollar and ongoing high demand from central banks worldwide. Other analyses, including insights from Bank of America, suggest levels around $2,400 if rate cuts proceed in Q2 2024, which may stimulate further demand.
Given these factors, the current outlook for gold suggests gradual appreciation. However, note that market conditions are fluid, and unexpected economic developments could alter this trajectory.
Soon Gold Fall again in the zone of 2710_2720We've identified a triangular pattern in gold's price movement, with consistent respect for established support and resistance levels. As previously forecasted when gold was at $2715, our analysis indicated a potential all-time high (ATH) around $2780, which is now within reach. Investors are advised to consider opening sell positions within the $2775-2780 range, with a recommended stop-loss at $2790 and take-profit at $2720
XAUUSD: 31/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2800, support below 2739
Four-hour resistance 2800, support below 2772
Gold operation suggestions:
From the current market trend, we will rely on the 4-hour level support to arrange long orders. The support below is near the 2772 line. Focus on the previous daily level suppression to the current support 2740 line. We will look for opportunities to arrange long orders when we step back. In the middle position, we will watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
BUY:2772near SL:2769
BUY:2750near SL:2747
BUY:2740near SL:2737
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Exotic Entry on GoldHello Billionaires..!!!
How u been man!
As u can see the XAUUSD on fluctuate mode so both sellers and buyers are confused in this situation.. wait for tap the Price Of Interest.so then we decide. Whats next.
Strategy Fibo
Long to High SwingIn my opinion, this support will push gold up because it's showing buying signs here. Please do your own research and manage risk. May pips be with you!
Gold Futures Near the 2,800 USD MarkGold prices reached a peak of 2,788.89 USD/oz on October 30, fueled by U.S. election uncertainties and expectations of a Fed rate cut.
Gold is surging, approaching the strong resistance level at 2,800 – a “wall” that could halt the rally and trigger a pullback.
On the other hand, support levels at 2,747 and 2,717 are ready to act as “fortresses” if prices retreat to these levels.
A smart strategy is to wait for the price to hit resistance for a potential short, or to buy at support, capitalizing on a possible rebound.
Don’t forget to set a reasonable stop-loss – in this game, a single slip could shift the entire market landscape!
GOLD 31/10/24 potential to sellTo approach a potential sell near the 2790 level in gold
Waiting for confirmation prevents premature entry. Be prepared to skip the trade if price action signals a breakout above 2790
XAU/USD Chart Analysis: Key Levels and InsightsTrading Market Analysis
In my recent analysis of the trading market, I have established some key levels:
Support Level: 2780
Resistance Level: 2780
Key Observations:
If the price touches the support level of 2780, it has the potential to rise up to 2787. This indicates a bullish sentiment if we can hold above this level.
Targets:
My primary target for today is set at 2786. This is a crucial point where traders might look to take profits.
Additionally, I have a secondary target at 2790, which could be reached if bullish momentum continues.
Conclusion
Monitoring these levels will be essential for making informed trading decisions. Stay alert for any movements around these points!
XAUUSD: Bullish trend still intact.Gold is heavily bullish on its 1D technical outlook (RSI = 67.558, MACD = 11.460, ADX = 25.892) as supported by the 4H MA50, it is approaching the top of the 3 month Channe Up. Compared to the two bullish waves before it, the 4H RSI shows that there is still at least another 2 days on this uptrend. Stay bullish (TP = 2,800) and sell on the first sign of rejection near the top.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
GOLD_109 2024.10.31 03:00:06 Trading Signal BUYFrankPro Signal for GOLD_109
Type: Screen
Signal: BUY
TP: 2832.085
SL: 2769.33
Entry Price: 2787.26
Analysis for GOLD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Down LT=Up
ST=Up LT=Up
Analysis Method(0)
Based on the provided analysis, here are my conclusions for short-term and long-term price expectations for XAUUSD (Gold):
**Short-term (next few days):**
* The price is expected to go down. The analysis mentions a potential short-term correction, with gold possibly falling to support levels at 2677 - 2672 and 2650 - 2642.
* The Target Zone of 2740 - 2729 has been reached, and a downward correction may start from the current prices.
* Long trades could be considered once the support zones are reached, with the main target at today's high.
**Long-term (next few weeks/months):**
* The price is expected to go up. The overall trend is considered bullish, with buyers looking to test the $2,800 level.
* Technical readings in the daily chart favor another leg north, with key support levels at $2,751.90, $2,739.70, and $2,721.20.
* The Elliot Wave Theory and Fibonacci levels analysis also suggests that the trend is still up, and a break of the current structure is needed to confirm the end of the recent wave.
Please note that these conclusions are based on the provided analysis and may not reflect the actual market movements. Other factors, such as unexpected economic events or changes in market sentiment, can influence the price of gold.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis, here are my predictions for the price movement of XAUUSD (Gold) in the short-term and long-term:
**Short-Term Outlook (next few days to a week)**
* Expected price movement: **Down** (correction)
* Reason: The price has reached a new record high, and a short-term correction is possible after reaching the Target Zone of $2,740 - $2,729.
* Potential support levels: $2,677 - $2,672
* Potential rebound: If the correction occurs, gold may rebound from the support levels.
**Long-Term Outlook (next few weeks to months)**
* Expected price movement: **Up**
* Reason: The overall trend remains bullish, driven by upbeat US Consumer Confidence data, anticipation of key economic releases, and market participants seeking safety ahead of the US elections and the Federal Reserve's decision.
* Technical analysis: The 20 Simple Moving Average (SMA) and longer moving averages are all pointing upwards, providing bullish traction.
* Potential resistance levels: $2,775.00, $2,790.00, and $2,810.00.
Please note that these predictions are based on the analysis of the provided data and are subject to change as new information becomes available.
Result: ST=Down LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for XAUUSD (Gold) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: **Up**
* Reasoning: The technical analysis indicates bullish traction, with the 20 SMA providing dynamic support around $2,740.60. The indicators are firmly in positive territory, and the support levels are identified at $2,751.90, $2,739.70, and $2,721.20. Additionally, the market drivers, such as the increase in the US Consumer Confidence Index and the cooling labor market, are supporting gold prices.
* However, there is a possibility of a pullback, especially if the current wave structure indicates a completion of the wave three on higher time frames. This could lead to a minor correction before the price continues its upward trend.
**Long-term (next few weeks to months):**
* Expected price movement: **Up**
* Reasoning: The bullish case for gold remains firm, with buyers looking to test the $2,800 level. The underlying market drivers, such as the easing wage pressures and the Federal Reserve's monetary policy, are expected to continue supporting gold prices. Additionally, the upcoming US presidential election and the Federal Reserve's monetary policy decision may lead to increased market volatility, which could further boost gold prices as a safe-haven asset.
Overall, based on the analysis, it appears that the price of XAUUSD is expected to continue its upward trend in both the short-term and long-term, with a possibility of minor corrections along the way.
Result: ST=Up LT=Up
xauusd hit the target again hi guys please look my strategy see if you guys like fro 10 shooting we hit 8 to 9 .
#XAUUSD: On the way to $2800! 600+ Pips Swing Buy**XAUUSD: 1-Hour Chart Analysis**
Hello Traders,
Gold experienced a surge, reaching 2605 before reversing its direction. Investors anticipated a decline below 2700$. However, the price rebounded to 2743$, filling the volume gap and subsequently dropping to 2715$, which marked the last low. Despite this, the price failed to establish another lower low. Subsequently, it fluctuated within the vicinity before exhibiting a shift in price character.
The upcoming chart analysis indicates an exceptionally bullish outlook. Price has the potential to create another higher high, supported by robust fundamentals and technical indicators signaling a strong bullish sentiment. Traders with open buy positions may consider holding them.
Best of luck and trade safely.
I think gold is going to 2800 and maybe 3000 later!Hi Everyone!
I think CAPITALCOM:GOLD and CAPITALCOM:SILVER are both going to go higher and even more so Silver, I think it can go to the 50s over time. and 40s in the shorter term.
Gold Analysis ==>>Common Gap==>>Short term!!!Gold ( OANDA:XAUUSD ) has Re-entered the Potential Reversal Zone(PRZ) .
Today, I want to analyze Gold for you in the 15-minute time frame .
According to Elliott's wave theory , Gold seems to be completing microwave 4 . Wave 5 can fill the Common Gap($2,747.215-$2,746.010) .
I expect Gold to rise at least to the upper lines of the ascending channel(small) in the coming hours.
⚠️Note: If Gold goes below the Support zone($2,738-$2,734), we should expect more dumps.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Buy ideaAs if we see current prices of gold so gold market opened with a gap to downside so now there is a big possibility that gold will cover it’s gap area and will go up. By seeing this we are currently seeing a buy opportunity on gold that can be buy the at 2730 to 2733 area and 1st tp will be 2740 and 2nd tp will be 2747 and so on so you guys can enter for this trade setup.
Gold Next TargetGold pulls away from the all-time-high it set near $2,790 earlier in the day and trades at around $2,780. With the US Dollar struggling to find demand after mixed macroeconomic data releases, however, XAU/USD's downside remains limited.
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly.
The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate.
1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40.
2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction.
3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing.
Intraday thinking plan:
BUY:2715 SELL:2740
DeGRAM | GOLD trading in the channelGOLD is in an ascending channel above the trend lines.
The price has already reached the upper boundary of the channel and has touched the resistance several times, to which it reacted by declining to the 50% retracement level of the last impulse.
The chart maintains an ascending structure.
We expect a small correction to the support in case the price consolidates under the correction level.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
GOLD-Trade Plan 30/10/2024Dear Traders,
Based on our earlier analysis, gold touched the 1.618 Fibonacci extension of wave 4 and then retraced approximately 100 pips. Our projection for the end of wave 5 is between 2790 and 2810. I anticipate a significant correction of at least 1000 pips, taking the price down to around 2680. We'll need to wait for wave 5 to fully develop and for confirmation of our analysis before taking any action."
Dont Forget Like&Comment please !
Regards,
Alireza!
Gold- Trade Plan - 28/10/2024Today's gold market opened with a bearish gap, finding support near 2725. Based on my technical analysis, there are two potential scenarios: 1) A bullish breakout above the previous high, targeting 2790, or 2) A retest of the 2700 support level to gather momentum. With no significant news on the horizon, I'm anticipating a period of consolidation."
Dont Forget like&Comment please !
Regards,
Alireza!
