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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

NOVEMBER 2024 OUTLOOKTechnical Analysis At a local high of $2,736, the gold markets demonstrates a robust upward trend with key technical indicators reflecting bullish momentum. Immediate resistance levels are anticipated near the psychological markers of $2,750 and $2,800. These round numbers often attract significant trading interest and can act as natural resistance levels as traders look to lock in profits. If we manage to surpass these levels, the next possible resistance zone may be around $2,850, where the market might encounter another wave of selling interest. On the support side, the nearest level is around $2,700, which could serve as a safety net if the price experiences a short-term pullback. Should gold dip further, the $2,650 level may offer additional support, aligning with zones where buyers have historically shown interest. This current uptrend is further confirmed by the positioning of the 50-day and 200-day moving averages, both well below the current price. The 50-day MA, likely near $2,600, serves as a dynamic support level in the short term, while the 200-day MA around $2,500 supports the long-term bullish structure. Indicators reinforce this trend, with the RSI likely approaching or exceeding 70, suggesting that the asset may be in overbought territory. This level indicates a strong bullish presence but also warns of potential profit-taking or consolidation in the near term. Meanwhile, the MACD remains positive, confirming strong upward momentum. However, declining histogram bars could hint at slowing momentum, signaling that the asset might enter a consolidation phase before deciding on its next direction. Fundamental Analysis The current elevated price level of gold reflects ongoing concerns around inflation, global economic stability, and demand for safe-haven assets. Inflation remains a driving force in the gold market, as investors often turn to gold as a hedge against rising prices, preserving purchasing power during inflationary periods. Should inflationary pressures persist, they are likely to sustain demand for gold, supporting its price at higher levels. Additionally, central bank policies play a crucial role in influencing gold prices. If the Federal Reserve or other major central banks signal a more dovish stance—such as a pause or reduction in interest rate hikes—gold could attract even more buyers, as lower rates tend to reduce the opportunity cost of holding non-yielding assets like gold. Global market instability is another significant factor, with geopolitical tensions and slowing economic growth driving investors toward safer assets. With concerns over potential economic downturns, gold becomes more attractive as a reliable store of value. Currency dynamics, particularly the strength of the US dollar, also play a pivotal role. Gold prices and the dollar generally have an inverse relationship; thus, any weakness in the dollar can support gold’s upward trajectory. As the dollar faces potential depreciation amidst global uncertainties, this relationship could further bolster the gold markets. Finally, seasonal trends also come into play. Historically, November can see increased volatility in gold as markets adjust positions ahead of the year-end. Demand for safe-haven assets often rises during this period, providing additional support for gold prices. This combination of inflation concerns, central bank policy shifts, economic uncertainties, and seasonal influences is likely to maintain high demand for gold through November, with room for additional gains if these factors persist. Long Term Projections Bullish Scenario: If XAU/USD maintains support above $2,700 and demand remains strong, a push toward $2,850 and possibly $2,900 could occur, particularly if global uncertainty rises or inflation expectations grow. Bearish Scenario: If the price falls below $2,700, a pullback toward $2,650 or even $2,600 could ensue. Bearish momentum may pick up if the dollar strengthens unexpectedly or if economic stability improves. Consolidation: Given the high RSI, consolidation between $2,700 and $2,750 may occur if traders take profits and wait for new catalysts before pushing prices higher.
OANDA:XAUUSD
by KingsFX_official
GOLD Price Analysis: Short-Term SELL with High RiskGOLD Price Analysis: Short-Term SELL with High Risk On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone. Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk. However, the market needs to correct periodically before gold can rise further. The first support is near 2770, and the second, stronger support is around 2760. This second area is a strong support zone from where gold may bounce up again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSDShort
by KlejdiCuni
1
GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
FX:XAUUSDLong
by FX_Elite_Club
2
Gold on interesting Technical fractalTechnical and Fundamental analysis: My mid-week Target been met earlier than I expected as the DX, (Stocks remained High) and Bond Yields dipped. The Volatility is still High however but Gold is giving me decent accuracy patterns but with mixed Technical signals and may look to set a new Support zone first (my estimate #2,772.80) before hitting #2,800.80 benchmark. The Long-term trend remains Bullish with Daily turned green on all of its MA periods, still on the middle stages of the new Bull run as it is just below the 0.618 Fibonacci level (hence the current pull-back). My Long-term Target remains #2,852.80 and #2,900.80 benchmark in continuation. I will treat every Bearish spike as an Buying opportunity. Notice how, as explained on previous posts, the DX broke its Daily chart's Support which was much needed for Gold in order to break first Lower then Higher. The decline on Bond Yields also helped. I believe that Gold's set to push Higher, potentially testing Higher High's Upper zone as interest Rates head Lower, central banks extend purchases, and uncertainty surrounding geopolitics and Bond Yields pullback. As these interest Rates came down, Gold has rallied in #2019, rising to the Highest level in six years, as Investors contemplate slowing economic growth, prospects for easier monetary policy in the U.S. and China and festering trade frictions (similar to current upswing). The upswing has been given added momentum as central banks, including authorities in Russia and China step up purchases. A revival in Stocks lead to spillover demand from Investors for the older haven, Gold. Interest rates are going so low, particularly now in Europe. My position: I have closed my yesterday's session Buying order #2,772.80 and closed on #2,786.80 and re-Sold on #2,785.80 towards #2,774.80 which brought excellent #25-point Profit within the session. I will continue Buying #2,772.80 Low's for now and as my Profit is excellent, I will not assume more Selling orders / only if #2,770.80 break-out is delivered which is major re-Sell signal.
TVC:GOLDLong
by goldenBear88
Gold Monday 04/11/2024Analysis Summary: Support Levels: Support 1: 2736 - A key level that may serve as a potential bounce point for price. Support 2: 2720 - An additional lower support level within the lower OB zone, where demand might increase. Resistance Levels: Resistance 1: 2753 - An initial resistance level that price may encounter on the way up. Resistance 2: 2760 - A higher resistance located within the upper OB zone, which could hinder further upward movement. Order Block (OB) Zones: Upper OB: Between 2753 and 2760 - A potential selling pressure area that may limit upward price movement. Lower OB: Between 2730 and 2720 - A strong support area where buying pressure may emerge. > Note: These levels represent potential reversal points, and it is recommended to monitor technical signals when price reaches these areas to confirm the future direction.
OANDA:XAUUSD
by Engineer2008
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy: 1. Trend Analysis: The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure. Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart. 2. Liquidity Zones: Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves. Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones. 3. Support and Resistance Levels: Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation. Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717. 4. Price Action Observations: The recent red bearish candle indicates sellers are actively testing the support area. If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again. Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support. 5. Bias: Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks. Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717. 6. Potential Trade Ideas: Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond. Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717. Summary In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
OANDA:XAUUSD
by merlyvasaya82
Gold is going to $3,000 as the market faces a tectonicAccording to the pricing experts, industry leaders, financial analysts, and big banks, there are several factors that could affect gold prices in 2024. These include: US/Global recession The Fed stops rate hikes Geopolitical tensions High Demand by Central Banks US dollar weakening India and China retail gold demand stabilizes US political risks Banking failures You can prepare a buy position every time the market goes down (Buy On Dip), Strong support area $2.602/toz Disclaimer: This only informative. The information & recommendations provided are not always complete & accurate, so customers need to verify personally. Trading futures is a costly activity and brings not only profits but also losses
FX:XAUUSDLong
by Njjeha
Gold continues to increase in price due to many support factorsGold prices increased while the US economy showed signs of slowing down faster than expected. US GDP growth in the third quarter only reached 2.8%, lower than the 3% recorded in the previous quarter. The growth figure is lower than expected, making many people believe that the US Federal Reserve (Fed) will consider accelerating the pace of interest rate reduction to further support the economy. The USD is likely to weaken. The cash flow could also ease the decline in the US vote market. Gold is a commodity that benefits when interest rates decrease. However, 2.8% is still considered a quite positive growth tool. The impact of this information on the USD is not much. Currently, gold is considered to be able to continue to increase and set new peaks, possibly reaching 2,800 USD/ounce when the US election has many unpredictable things. Tensions in the Middle East are still quite high, while Japan has recently fallen into a political crisis after the country's ruling coalition lost the majority of seats in parliament.
TVC:GOLDShort
by TheLeader_WOLF
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
GOLD SHORTING OPPURTUNITY NOV 1ST 2024"Gold has trapped buyers, closing below a key demand zone that also served as support on the 1-hour timeframe. To approach this setup strategically, let the price retrace to the 0.5 or 0.618 Fibonacci level. Avoid entering trades immediately as it reaches these levels; instead, wait for a clear formation of lower lows to confirm the setup. Keep in mind that the recent support may now act as resistance, creating a possible reversal point. Additionally, a minor order block aligns with the 0.618 level on the 5-minute chart. Be thorough in checking all confirmations, and take the trade with a manageable stop loss. Keep your risk controlled, especially with the current market volatility. If you found this insight helpful, don’t forget to like, follow, and comment for more trade logic!"
OANDA:XAUUSDShort
by munmeeth
XAUUSD: NFP//Short-first, Then-longAfter the initial rebound from a significant drop, it appears the market is ready for a secondary retest of the bottom support range. Keep a close eye on the 2742-2732 support zone. Should prices drop into this range before the data release, and if the data turns bearish, expect further downside with targets in the 2718-2712 range; in case of a stronger bearish impulse, prices may fall to the 2708-2703 region. Alternatively, if the data supports bullish movement, prices could rise above 2760. Given recent data, bearish probability seems higher, so a “short-first, then-long” strategy is advised, with careful attention to entry and exit points.
OANDA:XAUUSDLong
by Mia-Signal
XAU! 11/1 ! Gold price adjustment - NF newsXAU / USD trend forecast November1, 2024 Gold price (XAU/USD) regains some ground on Friday, supported by US election uncertainties and Middle East tensions, which boost demand for the safe-haven asset. However, rising US Treasury yields and a stronger US Dollar may limit gains. Traders now await the US October employment report, with key data on Nonfarm Payrolls, Unemployment Rate, and Average Hourly Earnings. A strong report could reduce expectations for Fed rate cuts, potentially weighing on gold. Gold price adjusted down - market reduced FOMO. Waiting for NF news to officially return to the price range of 2700 - 2720 /// SELL XAU : zone 2769-2772 SL: 2777 TP: 50 - 200 - 300 pips (2742) Safe and profitable trading
OANDA:XAUUSDShort
by Moon-ForexAcademy
1
11.1 Gold shock awaits non-agricultureJudging from Wednesday's ADP, non-farm payrolls on Friday should also maintain good growth. The same is true for the initial clearing last night. The sharp retracement before the data is basically the early digestion of the data. 1. The price broke the morning starting point before the US market and rebounded at 6-8 o'clock. This pattern must not have fallen much. We have been emphasizing this point of view to everyone recently: Don't buy more twice when gold retreats in the US market. After the increase is too large, it is easy to fall by a large margin. Double bottoms, 618, and other positions are not caught, and there is no rebound. But compared with yesterday's empty, it is the rhythm. Continuous failures and no operating mentality are easy to form. If you can't get started when you see it right, and you can't hold back and get started, it's wrong. 2. The morning is still a cyclical rise. Intraday analysis: 1. A sharp drop in the rise, the first day is still a bull correction, which has been seen countless times before. 2. The continuous sharp drop breaks the bottom, which changes the short-term bull direction. 3. There will be non-agricultural data tonight. Before the non-agricultural data, the overall market should not change much. 4. If the bearish outlook continues, the rebound in the morning is focused on the European session. If the European session continues to rebound, the US session will inevitably fluctuate. If the market is weak, the European session will retreat first. At present, it is obviously the top of the hourly big Yin line at 2757, because this position breaks the position of the decline and rebound at 382. And there is no high point of correction in the early morning, so it can only be arranged at the top of the big Yin line. At the same time, the non-agricultural data is divided into two parts: 1. Look at the second retracement before the non-agricultural data. 2. Whether the non-agricultural data can continue the decline of yesterday depends on the data. Last month, it was 254,000, and this time it is expected to be only 11.3. Whether it is from the initial claims or from ADP, it is impossible to be lower than 11.3. It can only be high. How high it is depends on the data performance. Therefore, the worst non-agricultural data is also bad for gold. It just depends on how bad it is. For example, ADP rebounds first and then falls, or it retreats directly. As long as the data is higher than 150,000, the pullback is also empty, but no matter what, the European session is very critical. The European session continues to rebound and is strong. The US session fluctuates, but the European session is weak, and the probability of breaking the bottom is high.
FXOPEN:XAUUSD
by David_strategy