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Gold price analysis October 30Fundamental Analysis Gold prices rose to a fresh record high in Asian trade on Wednesday as uncertainties surrounding the US presidential election and Middle East conflicts continued to boost demand for traditional safe-haven assets. Additionally, a slight decline in US Treasury yields and weak US Dollar (USD) price action benefited the precious metal. The supportive factors, to a large extent, overshadowed the bullish market sentiment, which tends to weaken the commodity. Even expectations of fewer rate cuts by the Federal Reserve (Fed) and higher US Treasury yields could not mask the underlying bullish sentiment surrounding non-yielding Gold. However, it remains to be seen whether buyers can build on the upside momentum amid mildly overbought conditions on the daily chart and ahead of key US macro releases. The data could provide signals on the Fed's interest rate outlook and determine the next step in the directional move for XAU/USD. Technical Analysis Gold is at an all-time high with expectations of retests to continue buying in line with the trend. The first areas of interest are the breakout zone at 2770, the next around 2761 and the last area of ​​interest around 2745. These are the 3 important support areas with the aim of reaching the 2800 round port. Only consider scalping in the psychological price zones of 2785 -2790-2800.
OANDA:XAUUSD
by TVS-Trader
2
XAU/USD 29 October 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 27 October 2024. -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists amid the Fed’s dovish tone and heightened geopolitical tensions, solidifying its safe-haven appeal. Price has printed a bearish Change of Character (CHoCH), signaling, but not yet confirming, the start of bearish pullback phase. Intraday Expectation: Despite the bearish CHoCH, price has yet to pull back into the internal 50% EQ discount. We could see a reaction at the H4 supply level before any confirmation of bearish pullback initiation. Technical Note: The strong high at 2,758.525 is anticipated to remain protected. However, with CHoCH positioning on the daily timeframe somewhat distant, price may print a bullish iBOS in the near term to align with the daily timeframe’s movement. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/intraday expectation remains the same as 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
Weekly Forex Forecast OCT. 28: BUY GOLD | XAUUSD!This weekly forecast is for Oct 28 - Nov 1st. Gold is still bullish, and BUYS are still the best bet. The formation of the highlighted Weekly and Daily +FVGs confirm the bullish order flow. Buys are in order. I will be avoiding sell setups in this market. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:GC1!Long
by RT_Money
4
Gold prices are on an upward trend this week!Dear traders, Conan here! Today, gold is in a strong uptrend after all the attempts of the bears failed to reclaim the $2600 level, the price has started to increase and is currently at $2650. The increase is mainly due to the 80% chance that the Fed will tend to cut interest rates by 25 basis points in November, while there is a 20% chance that interest rates will remain unchanged. Lowering interest rates can reduce the opportunity cost of holding gold, thus supporting the price of gold. With positive signs from the fundamental news and in addition, gold is still reacting around the 34 EMA and the technical uptrend has not been broken when looking closely as on the 1-hour chart, we can fully expect the uptrend to remain completely dominant. Due to these factors, in Conan's personal opinion, gold prices are expected to remain attractive in the near term, with the possibility of rising to $2750. What do you think about this view?
OANDA:XAUUSDLong
by ConanTradingFX
Gold price analysis October 24Fundamental Analysis Gold prices fell sharply from an all-time high of $2,758 on Wednesday as US Treasury yields rose, while the greenback hit a two-month high, according to the US Dollar Index (DXY). Risk appetite has deteriorated, prompting a flight to safe-haven currencies, but not assets such as the yellow metal. The yield on the US 10-year Treasury note has risen more than 65 basis points (bps) since the Federal Reserve cut interest rates by 50 basis points (bps) on September 18, amid concerns that a Trump presidency could spark inflation. Investors appear to believe that former President Donald Trump could defeat Vice President Kamala Harris, as most betting sites have indicated. As we approach the US election on November 5, investors are looking for shelter from that possibility. Investors are somewhat concerned that Trump's deficit spending, use of tariffs and large illegal immigrant deportation program could cause a new wave of inflation. Technical analysis Gold is recovering near the important price reaction zone of 2736-2738. When gold breaks this important zone, it will find the breakout zone of 2750. In case the European session gold fails to break this price zone and falls back, our target is to give a SELL signal around 2724 followed by the bottom zone of 2708 and the most important zone of today is 2700, the critical zone of the EMA. Wish you a successful trading day.
OANDA:XAUUSD
by TVS-Trader
2
GOLD to find buyers at current overbought extremes?XAUUSD - 24h expiry Price action resulted in a new all-time high at 2753. Daily signals for sentiment are at overbought extremes. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 1hour EMA is at 2743. There is no indication that the rally is coming to an end. We look to Buy at 2744.5 (stop at 2726.5) Our profit targets will be 2789.5 and 2799.5 Resistance: 2753.4 / 2770.0 / 2785.0 Support: 2745.0 / 2725.0 / 2700.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
2
GOLD BUY | Idea Trading AnalysisGOLD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
1
XAUUSD Top-down analysis XAUUSD is in all time high. Monthly : Historically GOLD is bullish we see market just has broken out of the previous monthly high and currently approaching a new level. As the momentum is high, this week we may see further upside. Weekly: After back to back 2 weeks of bullish momentum, this week we have seen that market again started to bounce back up with strong bullish engulfer. As Weekly price is in expansion face we may see this week as well a bullish momentum. 15min : This is the timeframe I will be intending to enter the trade. We can identify the support trend line will be waiting for a potential break of structure to the support for entry as explained in the video.
OANDA:XAUUSDLong
by ForexWizard01
XAUUSD 30 MINUTE TIME FRAME CHART XAUUSD, 30-minute timeframe chart XAUUSD retested the resistance level of 2,683.00 General outlook XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,683.00. Possible scenario The best way to use this opportunity is to place a sell limit order at 2,683.30. Set your stop loss at 2,688.30 below the previous low ($6.00 loss for 0.01 lot) and take profit at 2,667.30 ($16.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1 . OANDA:XAUUSD OANDA:XAUUSD
TVC:GOLD
by QAZIFXTRADER