Gold Valuable Insights: for 25-OCT-2024 Today's Gold trading zones: A starting point for your market analysis.
Goldlong
Gold Bulls are to take controlAs we had a beautiful week this week gold has shown us its value why is it called gold as well as gold is concerned currently we are expecting a Rise in price also we are experiencing a bearish shift in H1 but in M30 and M15 its not much clear that fight between both ends is on its peak now moving back to anylisis we can price is moving in an upwards channel and price has reached to its lower end price can move back to test the higher levels if it breaks below which seem pretty hard but a possibility then we will wait for the price to its daily Immediate (Physiological) support level we will wait for price to go higher bounds confluence being Bullish is
--> we are bullish from Monthly to weekly to daily to H4 but on H1 its not much clear price is not showing up properly fight is on
--> fibonachi confluence of current bullish impulse has retraced to 50% of price level and could go further .68% which is our daily Immediate support but over all we are bullish
GOLD - Risky short !!Hello traders!
‼️ This is my perspective on GOLD.
Technical analysis: Here we have a pattern, we have regular divergence and price broke structure, then retraces to fill the imbalance, now I expect bearish price action.
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10.24 Can gold reach a high level?On Thursday (October 24), gold prices partially recovered, continuing the previous upward momentum. After a brief correction on Wednesday, spot gold once again broke through the $2736-2737/ounce area, and then narrowed its gains to 0.66%. It is currently trading around $2733, up about $18/ounce on the day. Thanks to the weakening of the US dollar and the decline in US bond yields. In addition, the uncertainty in the Middle East and US politics has also increased the market's demand for safe-haven assets, further boosting the attractiveness of gold.
From a technical perspective, there is a certain downward pressure on the short-term trend of gold prices. According to the technical chart, the upward trend line of gold was broken on Wednesday, indicating that the market may have a further correction in the short term. If gold prices cannot remain above the support of the $2730-2732 range, they may face greater downward pressure. The first target is the $2700 mark. If it falls below this level, the next step will test the intermediate support of $2685, and may even fall to around $2670.
If gold can hold the key support level of $2,730 and successfully break through the recent resistance level of $2,750, the market will re-enter the upward channel. At that time, the price of gold is expected to challenge the high point of the $2,770-2,775 range again, and may even further attack the psychological barrier of $2,800.
In terms of technical indicators, the oscillator on the hourly chart shows a certain callback signal, indicating that there are still opportunities for short sellers in the short term. However, given the current geopolitical and macroeconomic uncertainties, the strength of short sellers may be limited.
XAUUSD: 24/10 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2760, support below 2700-2673
Four-hour upper resistance 2738, support below 2700
Gold operation suggestions: Yesterday, gold technically stabilized near 2738 in the Asian and European sessions, rebounded quickly, and then further broke through the historical high to near 2758 and fell under pressure, falling rapidly. The US session broke through the two integer levels of 2740 and 2730 and reached near 2708 to start rebounding. The overall price appeared under pressure and resistance at the 2758 level in the short term. Yesterday, the NY market fell and broke through the 2738 line, which became a short-term strong resistance and suppression area. The important support below is 2705-08
From the current market trend, the intraday rebound pressure near 2738 continues to be bearish, and then look for low points to go long. The short-term support below focuses on the vicinity of 2705-08. The overall intraday trading relies on the pressure of the 2738 level and the 2708 support. Wait patiently for key points to enter the market.
BUY:2709near SL:2705
BUY:2700near SL:2697
BUY:2673near SL:2670
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold PTs 2,800€ short term, 3K long termProbably nearing the end of the second bullish impulse that started around 2,300$, PTs 2,800€. Waiting for a turnaround around that area, and a fall to the (2)-(4) line around 2,600$ to then attack the 3K barrier (which I don’t think will pass in the following months).
Just my opinion!
Buy XAUUSD at a low level.
Today, the New York market dealt a severe blow to bullish investors. Shortly before the opening, prices began to decline, reaching a low of 2708, with a drop of approximately 50 points. This downward movement was primarily driven by heightened bearish sentiment resulting from overbought conditions, as well as negative news and comments from the Federal Reserve Chair. These combined factors led to a rapid decline in gold prices over several hours.
Currently, bearish sentiment appears to be persisting. In the short term, we need to observe whether the market stabilizes in the 2700-2708 range. If stability is achieved, gold may rebound to the 2741 level, as the market has formed a double bottom support at the hourly level. Conversely, if the market fails to stabilize in the 2700-2708 range, the lower channel will open, potentially exacerbating the downward sentiment and increasing bearish pressure.
Latest Trading Thoughts: The New York market is expected to maintain a low-range consolidation with limited trading opportunities; hence, a cautious approach is advisable. Focus on movements in the Asian market and any bullish news stemming from geopolitical developments. If the New York market does not drop below the 2708 level before the close, the probability of a rebound in the Asian market exceeds 98%, making a bullish stance prudent.
Trading Plan:
Buy Zone: 2711-2708
Take Profit: 2725-2740
Stop Loss: 2700
For those unfamiliar with trading, please stay updated on real-time trading strategies.
CAPITALCOM:GOLD OANDA:XAUUSD
Gold prices change constantlyThe correlation evaluation underneath seems at the connection among gold and silver during the last fortnight with some of marketplace indicators. Gold is at the right, silver at the left.
From pinnacle to bottom, we've got the form of the Fed budget futures curve from October 2024 to December 2025 in black, presenting a manual on price reduce pricing, US two-12 months yields in blue, US 10-12 months yields in green, the United States greenback index in crimson and 10-12 months actual bond yields in red which measures nominal yields much less anticipated inflation over the following decade.
To placed matters into perspective, pastimes and the greenback have risen sharply over the last 10 days. However, regardless of this, gold and silver are an increasing number of correlated with this alteration regardless of being their conventional enemies.
It`s now no longer superb how gold and silver are appearing on this surroundings and but there may be not anything extra than hobby costs and bonus charge fluctuations which are using the valuable metals markets.
Does protection have an absorption path? Lam charge anticipated to be higher? Increased monetary penetration? Russia's sanctions avoidance order? Those are the famous theories, even though it is hard to select out which one, if any, is the actual using pressure proper now. One component we do understand is that gold and silver retain to fashion higher.
💎 TVC:GOLD Buy limit 2714 - 2712 💎
✔️TP1: 2730
✔️TP2: 2750
✔️TP3: OPEN
🚫SL: 2706
➖➖➖➖➖➖➖➖
💎 TVC:GOLD XAUUSD Sell limit 2740 - 2738 💎
✔️TP1: 2730
✔️TP2: 2720
✔️TP3: OPEN
🚫SL: 2748
Gold Insights: Empowering Thoughts for Success, 24-Oct-2024Gold market analysis: Today's zones for strategic decision-making.
10.24 Gold fluctuates upwardThe price of gold fell below the moving average and now began to fluctuate. The upper side was originally at 2755, and the lower support was at 2713. You can buy low and sell high. Yesterday evening, the price fell quickly and found the support of 2713. When the price of gold retreated, you can buy on dips.
In terms of the day, the sharp drop in the rise can be alleviated, but whether it can change direction depends on the continuation.
Only if the sharp drop continues can it be the top. The focus is on how many bulls are above 2740.
Only if the price rises in a cycle in the morning, it fell back twice in the early morning yesterday, and the watershed was 2709.
Today's data: Number of initial jobless claims in the United States as of October 19 (10,000 people)
Today's focus is whether the daily line will be negative or positive when it fluctuates.
In terms of rhythm, the European session is still the focus. If we look at the continued retreat, then pay attention to the watershed 2735, which is the empty point. Remember, once the watershed continues to break, then this high point will be formed in the short term, and there will be opportunities for the mid-term in the future.
But no matter what, there is definitely not much room for bulls above the risk area, and it is not recommended to make a layout.
Resistance level 2735 Support level 2715
Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential.
Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains.
Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand.
In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
XAU/USD GOLD - Potential Buy Reentry D1 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
XAUUSD Strong Bullish Momentum1. Trend
Uptrend: The price is trending upwards within the ascending channel, with higher highs and higher lows, indicating a bullish market sentiment.
2. Support and Resistance
Support: The lower boundary of the channel acts as dynamic support, where price has bounced multiple times. If the price continues to move within this channel, it may find support around the 2,680-2,700 USD range.
Resistance: The upper boundary of the channel acts as resistance. If the price reaches this level, it could face resistance near 2,750-2,760 USD in the near term.
3. Price Action
Bearish Candle: The recent candle shows a significant drop (-1.11%), indicating bearish pressure. The price is testing the lower channel boundary, which could be a critical support zone.
Potential Reversal: There seems to be a projection for a bullish bounce off the lower boundary, suggesting a possible upward move back towards the mid-to-upper range of the channel, as shown by the zigzag projection on the chart.
4. Projections
Bullish Scenario: If the price holds at the lower boundary and rebounds, it could aim for a move back towards the upper channel line, targeting around 2,760-2,780 USD.
Bearish Scenario: If the price breaks below the lower boundary of the channel, it could signal a shift in the trend, potentially targeting support levels below 2,680 USD.
5. Key Levels
Immediate Support: 2,700 USD (channel support)
Immediate Resistance: 2,750 USD (upper channel resistance)
Potential Targets: A bounce could aim for 2,760-2,780 USD, while a breakdown may push the price down to 2,660 USD or lower.
In summary, the XAU/USD pair is in an overall uptrend but is currently facing a pullback near channel support. The next few sessions are critical to see if the price respects the channel or breaks downwards. If the support holds, a bullish continuation is possible.
AT&T - Long active !!Hello traders!
‼️ This is my perspective on AT&T.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. I expect bullish price action after price took liquidity below equal lows and then broke LZ.
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Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement.
Technical Overview:
• Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal.
• Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum.
• Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through.
Fundamental Overview:
Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal.
Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Uptrend maintained! XAU! 10/23XAU / USD trend forecast October 23, 2024
Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%.
Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance.
M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753
/// SELL XAU : zone 2753-2756
SL: 2761
TP: 50 - 200 - 300 pips (2726)
Safe and profitable trading
XAU/USD "GOLD DOLLAR" Market Money Heist Plan on Bullish Side.Bonjour! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Stop Loss 🛑 : Recent Swing Low using 4H timeframe
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Wednesday Market Analysis and SignalsGold still maintains a trend bullish structure, and hit a new record high of 2748 in the late trading. Now the trend is very clear, the direction is very certain, and trade with the trend. A new high every day, a 45° rise, will not touch the 4-hour moving average at all, this is the strong bull feature. In the Asian session, first look at the pullback strength of the range shock. Trade the pullback and wait for the trend to go long at a low price!
Gold continues to hit new highs, and the bullish trend continues to be strong. There is no highest, only higher, and continue to carry out the gold bulls to the end. The gold 1-hour moving average continues to cross the bulls and diverge upward. There is still room for gold bulls. Gold is now rising steadily, and there is basically no big pullback, which means that gold continues to be strong. The gold moving average support has moved up to around 2730. Continue to go long when it falls back to the 2730 support in the Asian session.
Trading strategy:
You can go long near 2730~2735. Pay attention to whether the rise of 2760 is blocked, and be cautious about shorting
For more signals, see the update below ↓
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.
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Gold Approaches Key Resistance at 2,731: Bullish or Pullback?GOLD
The price is approaching a key resistance area at 2,731. If the price breaks and closes above this resistance, the next target is 2,753, indicating a bullish continuation. However, failure to break through may lead to a pullback towards the support correction zone around 2,710–2,697. Further decline could extend to the support zone near 2,685.
The current trend is bullish, but a rejection at the 2,731 level could trigger a correction before any further upward movement.
Key Levels:
Pivot Point: 2731
Resistance Levels: 2753, 2765, 2775
Support Levels: 2720, 2710, 2697
Trend Outlook:
Bearish: By stability Below 2731
Bullish: Above 2732
Previous idea:
The Upcoming US Election and Gold’s Record Highs
Voters in the United States (US) head to the polls on 5 November to elect their next president. The 60th US Presidential election is shaping up to be a tightly contested race between Kamala Harris and Donald Trump, with current polls unable to point to a clear-cut winner. In the midst of ongoing campaign efforts, Gold has remained a clear outperformer, garnering global attention from both investors and market commentators.
Candidates Neck-And-Neck As Election Day Nears
According to ABC News/538’s latest national polling averages, as of 22 October, Harris maintains a narrow lead over Trump with 48.1% vs 46.4%. Additionally, a poll published by The Washington Post on Monday revealed that approximately 47% of registered voters would ‘definitely’ or ‘probably’ vote for Harris, while 47% stated the same for Trump.
The races in the battleground states – Pennsylvania, Michigan, Wisconsin, North Carolina, Georgia, Nevada, and Arizona – are particularly intense, with no candidate maintaining a decisive lead. According to ABC News, the margin between Trump and Harris is two percentage points or less in all seven major swing states.
Pennsylvania, with its 19 electoral votes, is a crucial battleground that could determine the outcome of this year’s election. With nine million registered voters, the state typically leans Democratic, having voted for the winner in every presidential election since Barack Obama in 2008. In 2016, Donald Trump won Pennsylvania by just 45,000 votes, while Joe Biden secured the state in 2020 with a margin of approximately 90,000 votes, translating into a one-percentage-point victory.
Quantus Insights’ latest Pennsylvania survey, conducted between 17 and 20 October, again points to a very tight race, with Trump leading Harris by two-percentage points (50% vs 48%). The upcoming days will be crucial as both candidates ramp up their campaigns in the swing states, which may ultimately shape the election's outcome.
Increased Uncertainty; Gold as a Safe Haven
US elections are unquestionably among the most significant events for global financial markets. The occupant of the White House directly influences the direction of the US's economic, fiscal, and monetary policies, as well as its foreign relations – factors that are key drivers of market sentiment.
Amid growing uncertainty surrounding the US election outcome, gold – a widely recognised safe-haven asset – reached record highs of $2,758 per ounce. This surge is supported by escalating tensions in the Middle East and expectations of further policy easing from the US Federal Reserve, with investors currently pricing in 44 basis points of rate cuts by year-end.
Historical Relationship Between Gold, Politics and Economic Landscape
Fluctuations in the price of Gold are nothing out of the ordinary for markets and investors. While Gold prices often experience shifts during US election periods, geopolitical events and economic indicators – particularly inflation and unemployment metrics – along with changes (or expectations of a change) in interest rates also impact the price of the yellow metal and its appeal as a safe haven.
During Jimmy Carter's presidency from 1977 to 1981, the price of Gold increased by an impressive 326%. In contrast, while Ronald Reagan was in office from 1981 to 1989, the price of the precious metal dropped by 26%. Some analysts argue that the price spike during Carter’s term was a continuation of an upward trajectory which began in 1971 when President Richard Nixon terminated the Gold standard (i.e., the direct international convertibility of the US dollar to Gold) in response to increasing inflation, as well as geopolitical uncertainty brought on by the Cold War.
As the US economy recovered and negotiations began with the Soviet Union during the Reagan administration, the price of Gold decreased by almost 50% between the start of his first and second terms.
When Barack Obama left the White House in 2017, the prices of Gold and Silver were up by 40% and 50%, respectively, compared to when he took office eight years earlier. Following concerns over the US debt ceiling and fears of the government defaulting on its debt obligations in 2011, Gold surged to US$1,895 – 122% higher than Obama’s first day as president.
During Donald Trump’s presidency, and given the economic fall out of the Covid-19 pandemic, the precious metal’s price hit an all-time high of over US$2,000 in August 2020, marking a 72% increase from his first day in office.
Gold Bulls Continue to Outperform Despite Overbought Signals
Gold has powered higher this year, climbing 34% year to date and recently refreshing all-time highs of US$2,758. The precious metal is on track to pencil in its largest one-year gain in 14 years.
While Gold’s rise is noteworthy, longer-term action signals trouble could be ahead. The monthly chart’s Relative Strength Index (RSI) is closing in on an area of resistance between 87.02 and 83.87; historically speaking, the momentum oscillator has turned south every time it has reached this zone since 2008.
Another technical observation worth considering on the monthly scale is the convergence of projection ratios at current price. At US$2,723, a 100% projection ratio is present (harmonic traders will recognise this as an AB=CD resistance pattern), which is closely connected with a 1.272% Fibonacci projection ratio at US$2,777 (an ‘alternate’ AB=CD resistance).
Meanwhile, price action on the daily chart shows that Gold is colliding with channel resistance, extended from the high of US$2,531. In addition to potential resistance forming on the monthly timeframe between US$2,777 and US$2,723, adding weight to the daily ascending line is the possibility of a negative divergence signal from the RSI on the daily chart.
The combination of monthly and neighbouring daily resistance, along with the RSI signalling upside momentum could slow, may be enough to prompt some profit-taking. That said, the underlying drivers remain strong in this market for now. As a result, while a reaction from said resistances could materialise, it is unlikely to gain much following. A breakout higher, on the other hand, swings the pendulum in favour of further outperformance, potentially as far north as US$3,000.
GOLD - if it is breakout then what's next???#GOLD.. our area was 2736 to 2740 and market holds that area in 3 to 4 time but unable to break below 2730.
so now 2740 is cleared and if market continue this pattern then upside new era on table.
only below 2736 to 2740 means buying can be invalidate otherwise not at all.
good luck
trade wisely
Gold trading zones today: 23-Oct-2024Daily Gold trading zones: Identifying potential opportunities for informed traders.
