Get started

Goldlong

XAUUSD, 15-MINUTES TIMEFRAME CHARTXAUUSD, 15-minute timeframe chart XAUUSD touched the support level of 2,734.00 General outlook XAUUSD has been under selling pressure within the last day. The pair moved to the support level of 2,734.00. Possible scenario The best way to use this opportunity is to place a buy stop order at 2,736. Set your stop loss at 2,727. below the previous low ($9.00 loss for 0.01 lot) and take profit at 2,788. ($52.00 profit for 0.01 lot). The risk-reward ratio for this order is 1:1. this idea for Monday use it on Monday hope we hit our target.
TVC:GOLD
by QAZIFXTRADER
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
GOLD Analysis | Intraday Chart ForecastGold prices rise in early European trade after sliding in the previous session, with investors awaiting U.S. payrolls data for more insights on the Federal Reserve's next policy move. Futures trade 0.5% higher at $2,764.00 a troy ounce following a 2% fall on profit-taking and increasing bets that the U.S. central bank will take a more cautious approach to rate cuts in the months ahead. "The fact that the core PCE rose the most on a monthly basis since April--along with strong spending and robust growth data released earlier this week--trimmed the Fed cut bets," Swissquote Bank's Ipek Ozkardeskaya says in a note. Still, prices continue to be supported by strong demand for safe-haven assets due to heightened geopolitical risks in the Middle East and uncertainty around the U.S. election. 🔴 TECHNICAL ANALYSIS ------------------------------- That said, Gold failed the bullish impulsive structure triggering a bearish leg that pushed the price directly to the potential support area around 2732. If Gold manages to hold this area (already touched once), we do not exclude an irregular wave B, with a potential new Top in wave 5. If our impulsive structure had not failed, above the 2,800 area it would have been interesting to try to sell Gold (see chart/analysis below). That said, let's take one step at a time, and therefore our focus will be on the support area, for now. 📊 POTENTIAL SELL TRADE ----------------------------------- Thanks for watching & support.
OANDA:XAUUSDLong
by TheAnonymousBanker
Gold Market Outlook: Analyzing Buy Signals and ATH PossibilitiesA great purchase opportunity is indicated by our current market analysis , which shows a tested support level at 2735-2730 . Given these indicators, the market might hit a new all-time high (ATH) . My research suggests that XAUUSD is a good buy , especially as fundamentals imply that the dollar may depreciate , likely strengthening gold’s value. Additionally, we can expect selling pressure around the supply level of 2773-2780 , but I’m also confident that NFP (Non-Farm Payroll) shows a compelling buying opportunity . A* boost would be greatly appreciated if you found this analysis useful; it’s always encouraging to know my observations are understood!
FOREXCOM:XAUUSDLong
by bluechipfx
Gold: Bearish Correction Expected Before Potential BreakoutTechnical Analyze: The price continues to consolidate between 2,775 and 2,788, though a strong corrective move towards 2,758 appears likely. A bearish correction to 2,758 is anticipated before any potential breakout above 2,788. Bullish Scenario: If the price breaks and stabilizes above the resistance at 2,788, it will likely continue upward toward 2,804 and 2,816, aligning with the next bullish target. Bearish Scenario: Stability below 2,775 would support a bearish correction to 2,758. A 1-hour or 4-hour candle close below 2,758 would further confirm a downward move toward 2,738. Key Levels: Pivot Point: 2781 Resistance Levels: 2790, 2804, 2816 Support Levels: 2769, 2758, 2738 Trend Outlook: Correction til 2769 or 2758 Above 2788: Uptrend Under 2758: Downtrend
OANDA:XAUUSDLong
by SroshMayi
Gold (XAU/USD) Technical Analysis Update – 31 October 2024Gold has displayed impressive bullish momentum, recently reaching an all-time high of 2790.120 on October 30, 2024. This significant level was achieved just one day after breaking through previous highs at 2758.52 on October 29. With this aggressive upward trend, Gold continues to showcase strength in the face of global market uncertainty, signaling strong demand. Analyzing the 1-hour timeframe, we observe that the price is trading within an ascending channel pattern. This setup indicates a steady upward trend, with the potential for price pullbacks that may create new higher lows along the way. This pattern suggests that Gold is likely to continue its upward movement after minor corrections, with the next key resistance level in sight at 2800.000. Traders should monitor this level closely, as a break above 2800 could indicate further bullish extension. However, it's crucial to watch for any pullbacks that may test previous support levels within the channel, presenting potential buying opportunities. Trade safely and stay wise! Always ensure your risk management strategies are in place. Gold’s high volatility can bring both significant gains and risks. Stay updated, stay prepared, and may your trades be profitable.
OANDA:XAUUSDLong
by TeptForex
1
Is now the best time to short gold prices?I don't think so. I believe you have read the article I posted yesterday. If not, read it again. Is the accuracy of the fast trading strategy amazing? Indeed. This is the strength of the fast trading strategy analysis team. At present, the values ​​mentioned yesterday have been fully achieved today. Today, I led all members to go long on gold prices again to expand profits. There are about 9 profitable orders. You can refer to the fast trading strategy grouping Tomorrow's trading direction: Check above to see if the position of 2786 can be successfully broken through. If not, you can refer to the opportunity to sell above 2786 and buy near 2770 tomorrow. If it breaks through, then 2800 points is not far away. At present, there is no major news to promote it. Focus on the initial jobless claims data on Thursday night and the release of non-farm data on Friday. This week's time is also very tight. After all, good trading opportunities want to expand profits. Members of the fast trading team are no exception. So I am also busy. Market analysis for three days this week. The accuracy of the signals is obvious to all. Trading is actually very simple. As long as there is trading funds in the account, everyone can leave me a message. Everyone has equal opportunities. No one wants to be a person who keeps losing money! Everyone agrees, right? There are only two trading opportunities left this week, and the trading space is still very large. The proportion of making money. The probability of making 70% profit on 100k is more than 95%. The probability of making 100% profit is more than 85%. The above are all cumulative data. People who continue to pay attention know this. Regarding trading, this is all I will notify you today. If you have any questions, you can leave me a message at any time. I will reply and solve them in time when I see them.
TVC:GOLDShort
by George_parse
Gold's rising momentum continues unabated, continue to focus on As a traditional safe-haven asset, gold is often favored during periods of geopolitical turmoil. So far this year, gold prices have risen 35% and are expected to record their best annual performance since 1979. The intensified conflict between Israel and Lebanon has led to tensions, further boosting market demand for gold. Israel's recent air strikes have caused a large number of civilian casualties, attracting widespread attention and condemnation from the international community. The Lebanese Prime Minister said that the two sides may reach a ceasefire agreement in the next few days. Although this news may ease short-term tensions, market concerns about the future situation remain. The release of US third-quarter economic data showed that GDP grew 2.8% month-on-month, and consumer spending grew 3.7% at the fastest rate in a year and a half. Despite the strong economic performance, inflation has slowed, with the core personal consumption expenditures (PCE) price index rising only 2.2%. These data provide new clues to the Fed's policy path. The market generally expects the Fed to cut interest rates by 25 basis points at its meeting next week. Despite strong economic growth, gold remains the first choice for investors in an uncertain environment. As the election approaches, the market is full of doubts about the future direction of US economic policies, and the safe-haven demand for gold may rise further. The supply and demand of gold also affects the price. Uncertainty in the global economy has prompted investors to increase their allocation to gold, especially in a low-interest rate environment, where the attractiveness of gold as an interest-free asset has increased. At the same time, the loose policies of central banks around the world continue to support gold prices. In response to the economic slowdown, many central banks have generally adopted measures such as interest rate cuts and quantitative easing, which has further boosted demand for gold. On Wednesday, it hit a record high of $2,789.89 per ounce. On Wednesday, mainly driven by the uncertainty of the US presidential election and geopolitical tensions, investors' demand for safe-haven assets increased significantly. Gold hit a record high again on Wednesday. Today, investors continue to pay attention to the 1-hour support area below 2,778, and go long on gold after the correction stabilizes. Thank you for your likes, thank you
FOREXCOM:XAUUSDLong
by Yuliya1l11
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.
TVC:GOLDLong
by ActuaryJ
Trading Alert: Ready for a Bounce to 2810? XAUUSD Market Insights: Supply Zone: Currently facing resistance at 2788-90. Support Level: Key buying opportunity at 2780-74. Target: Aiming for 2810. Upcoming Catalyst: NFP report this Friday could create volatility. Strategy: Watch for a bullish reversal at support to enter a long position. Be ready for potential price swings around the NFP release. Feedback Welcome: If you like this analysis, your support would be appreciated!
FX_IDC:XAUUSDLong
by bluechipfx
10.31 gold box vibration???Gold is mainly affected by the following three aspects: 1: The October US non-farm payrolls data will be announced at 20:30 on Friday. The US September ADP employment data released on Wednesday increased significantly beyond expectations. Next tonight, the US September PCE price index and the number of initial jobless claims for the week will be released. 2: The US presidential election next Tuesday (November 5th), there are less than 4 trading days left. Who will eventually enter the White House in the battle between the Donkey and the Elephant parties? Especially on November 5th, the day of the election, the gold market will definitely fluctuate violently! 3: Geopolitical risk events, North Korea tested an intercontinental ballistic missile around 7:10 this morning, and Iran will say that it will retaliate against Israel before November 5th. With the reshaping of the world pattern, the geopolitical risks in the Middle East are spreading to the world. As the price of gold approaches $2,800, bulls and bears diverge again. The last time gold approached $2,700, it adjusted around $2,685, which ultimately did not affect the upward trend. It just threw the bulls off the train during the adjustment, which also hit the bulls' morale for short-term operations. This time, when it approached $2,800, the bulls paused. On Wednesday, the market repeatedly washed between 2,790 and 2,770. In addition, the heavy pound data will be released today, tomorrow and next week. The suspense will naturally be left to the non-agricultural data today and tomorrow night. 1 hour, it quickly fell back to the 2,770 point where it started to rise in the morning, forming a high-level box shock. At present, the gold price has not stabilized at 2,790. Don't rush to chase more, but pay attention to the direction of the 2,790-70 box range breakthrough, and try to avoid chasing the edge position within the box.
TVC:GOLDShort
by David_strategy
1
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 increased before the US presidential electionWorld gold prices increased, with spot gold increasing by 12.5 USD to 2,788.1 USD/ounce. Gold futures last traded at 2,798.6 USD/ounce, up 17.5 USD compared to yesterday morning. Gold continues to benefit as uncertainty ahead of the US presidential election boosts shelter demand for this precious metal. According to RJO Futures senior market strategist Daniel Pavilonis, there are many factors that are supporting gold and could push prices higher. He predicted that the price of this precious metal could reach 2,850 USD/ounce. Saxo Bank's head of commodity strategy Ole Hansen said that gold prices increased due to uncertainty related to the election results and the market is pricing in further interest rate cuts by the US Federal Reserve (Fed). again next week. He emphasized that the weakness of the greenback is also supporting gold. According to OANDA senior market analyst Kelvin Wong, the results of the US election have an impact on gold. He believes that, soon, spot gold will face resistance at $2,800/ounce, then $2,826/ounce. Currently, the US presidential election has entered a sprint race, with recent polls showing that the race for the White House is still very fierce. The gap between the two candidates, Vice President Kamala Harris and former President Donald Trump, is extremely tight.
OANDA:XAUUSDShort
by TheLeader_WOLF
1
Gold bullish analysisGold hit 2790 for the second time, forming a double top pattern on the hourly chart. However, the price closed above 2780. Before the trend is completely changed, the callback is still dominated by low-to-long positions. Let's look at the oscillation range of 2770/2800 during the day. There is basically no room for gold bears. The decline is to continue to give more opportunities. Gold bulls are unstoppable and full of momentum. Gold fluctuated upward yesterday, and gold continued to accumulate momentum at a high level. Gold still bottomed out and rebounded yesterday despite the small non-agricultural negative news. Gold bulls held on to the 2770 line and continued to rise. Gold fell back to 2780 in the Asian session and continued to buy on dips. Gold continued to fluctuate at a high level in 1 hour, and the gold 1-hour moving average continued to diverge upward with a golden cross. The gold moving average support moved up to around 2770. Gold also stepped back to the support near 2770 several times in the US session yesterday and then bottomed out and rebounded. Gold continued to buy on dips after stepping back to 2780 in the Asian session. Accumulating momentum at a high level, gold is likely to hit the 2800 line. First support: 2780, second support: 2768, third support: 2755 First resistance: 2794, second resistance: 2805, third resistance: 2813 Trading strategy: According to the resistance support, sell high and buy low in the range of 2770~2800
OANDA:XAUUSDLong
by Jun-goldFX
Comparing Gold and Bitcoin: Which is the Superior Hard Money?As economic uncertainty, inflation, and geopolitical tensions continue to rise, investors are increasingly turning to alternative assets like gold and Bitcoin as hedges against potential market downturns. Both assets have seen significant price increases in recent years, sparking a heated debate over which one truly qualifies as the superior "hard money." Gold: The Timeless Haven Gold has been revered as a store of value for centuries. Its appeal lies in its physical nature, scarcity, and historical track record as a reliable hedge against inflation. When economic conditions deteriorate, investors often flock to gold as a haven. • Pros of Gold: o Tangible Asset: Gold is a physical asset, offers a sense of security and control. o Historical Performance: Gold has consistently proven its worth as an inflation hedge over the long term. o Diversification: Adding gold to a portfolio can reduce overall risk. o Global Acceptance: Gold is recognized worldwide as a valuable commodity. • Cons of Gold: o Storage Costs: Storing physical gold can be expensive and inconvenient. o Liquidity Concerns: While gold is generally liquid, large-scale sales may impact its price. o Opportunity Cost: Gold doesn't generate income like stocks or bonds. Bitcoin: The Digital Gold Bitcoin, a decentralized digital currency, has emerged as a disruptive force in the financial world. Its proponents argue that it offers superior qualities as a hard money due to its limited supply, cryptographic security, and potential for future growth. • Pros of Bitcoin: o Digital Scarcity: Bitcoin's supply is capped at 21 million coins, ensuring its scarcity. o Decentralization: Bitcoin operates on a decentralized network, making it resistant to censorship and manipulation. o Global Accessibility: Bitcoin can be accessed and traded by anyone with an internet connection. o Potential for High Returns: Bitcoin's price volatility offers opportunities for significant gains. • Cons of Bitcoin: o Price Volatility: Bitcoin's price can fluctuate dramatically, making it a risky investment. o Regulatory Uncertainty: Governments around the world are still grappling with how to regulate cryptocurrencies. o Technical Complexity: Understanding and using Bitcoin can be challenging for some. o Environmental Concerns: Bitcoin mining consumes significant amounts of energy. The Hard Money Debate: Gold vs. Bitcoin The debate over which asset is superior as a hard money often boils down to individual preferences and risk tolerance. Gold proponents emphasize its tangible nature, historical track record, and global acceptance. They argue that gold's value is rooted in its physical properties and its role as a traditional safe haven. Bitcoin advocates highlight its digital scarcity, decentralization, and potential for disruption. They believe that Bitcoin's unique characteristics make it a more suitable store of value in the digital age. Ultimately, the choice between gold and Bitcoin depends on various factors, including: • Risk Tolerance: Investors with a higher risk tolerance may be more inclined to invest in Bitcoin, while those seeking a more conservative approach may prefer gold. • Investment Horizon: Long-term investors may benefit from both assets, as they have the potential to appreciate over time. • Diversification: Both gold and Bitcoin can serve as diversifiers in a portfolio, reducing overall risk. A Balanced Approach Rather than choosing one over the other, some investors opt for a balanced approach by allocating a portion of their portfolio to both gold and Bitcoin. This strategy can help mitigate the risks associated with either asset and potentially generate higher returns over the long term. As the global economic landscape continues to evolve, the debate over gold and Bitcoin is likely to intensify. Investors must carefully consider their financial goals, risk tolerance, and long-term outlook before making investment decisions.
BITSTAMP:BTCUSDLong
by bryandowningqln