Short-Term Rebound and Conservative Short StrategyAs gold prices approach the market closure phase, technical indicators indicate a bullish momentum in the shorter timeframes. However, the potential upside is limited, anticipated to be around 5-6 points, and may require several hours of consolidation to reach. A significant resistance level exists in the 2670-2673 range, primarily driven by selling pressure from concentrated trading volumes and the appreciation of the US dollar. Currently, the market lacks effective news catalysts for momentum; thus, a conservative trading strategy should focus on short positions at elevated levels. The anticipated target range for this strategy is between 2646 and 2653. Compared to going long, the profit potential from shorting is expected to be more substantial.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
Goldsell
SIDEWAY gold! 2627 - 2660 competitive price range⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) pulled back from a one-week high on Monday, ending a two-day winning streak as the US Dollar (USD) strengthened. Investors no longer expect a significant rate cut from the Federal Reserve (Fed) in November, keeping US Treasury yields high and attracting investment away from the non-yielding gold.
Additionally, disappointment over China's fiscal stimulus and weak inflation data over the weekend further dampened investor confidence, weighing on gold prices. However, ongoing geopolitical tensions in the Middle East helped gold find support above the $2,640 level during Tuesday's Asian session, limiting further losses.
⭐️Personal comments NOVA:
The psychology of waiting for November interest rates was clearly shown this week. There is not much news announced, Gold price is sideways in the price range 2627 - 2660
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2636 - $2634 SL $2631 scalping
TP1: $2642
TP2: $2650
TP3: $2655
🔥BUY GOLD zone: $2629 - $2627 SL $2622
TP1: $2635
TP2: $2642
TP3: $2650
🔥SELL GOLD zone: $2660 - $2662 SL $2667
TP1: $2650
TP2: $2640
TP3: $2630
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
10.15 XAUUSD Trading strategyGold continues to surge higher. From the technical point of view on the candlestick chart, it is now just at the pressure level of the downward trend line and resistance line of the hourly chart. As long as it is suppressed at 2672 later, it is still possible to drop again.
Therefore, in trading, it is recommended to short gold directly at the current price of 2668, with a target of 2655.Because the area of 2655 is the previous intensive trading area, the point of 2655 has a certain support effect, so this wave of decline will most likely come to the point of 2655!
XAUUSD Operation Strategy
XAUUSD rebounded 2668-2670 line short, stop loss 2676, take profit 2655 line
Short-term strategy. Short around 2670 to around 2655The 8th day when the signal continues to make accurate profits
Trading strategy for the New York time period on October 15
There is upward pressure on the trend. The news is good for the US dollar.
Short-term trading can make money.
Let's witness the market's decline together.
Gold washes the market, peaks and buys the bottomIn the morning, the price of gold did not continue the rise of last Friday. Instead, it opened lower and fell rapidly, creating the illusion of short-term adjustment, which continued until it stopped falling near $2,643.
After that, the strength of the European session also created the illusion of breaking through the new high. The violent rise directly hit the high of last Friday, $2,660, and then traders began to turn bullish, and even waited for a pullback to go long.
Today, from the perspective of the market, it continues to fluctuate. Today's support is no longer $2,640-36, but the pressure point of last night's high of 2,653 in the early morning. The high point moved down and the low point broke. The large box shock has not ended. It is estimated that it will take a few days. Only when the position of 2,653 is re-established, will we consider intervening in the long position, otherwise the weak shock will continue today.
At present, the high pressure of gold is at the position of 2672 US dollars. The first support point below is at the previous rising position of 2636/37 US dollars, and the second is the top and bottom conversion position of 2624/22 US dollars. It is too early to talk about gold peaking now, but the high box has not ended. Considering the long-term grabbing area is still within the range of 2630/00. The higher the safety margin, the better the mentality of holding positions.
Therefore, today gold will continue to fluctuate downward based on the 2668 long-short dividing point. If it can reach below 2624/22, consider intervening more. Yesterday's continuous decline has already induced today's pullback to long, especially relying on the support position of 2640-36. Break through 2653 and then consider the pullback. For the time being, the callback will remain oscillating downward.
Short the gold price first. Then buy the gold priceJudging from the trend. There is some intention to fall in the market. But the short-selling force is not strong. We can take the opportunity to do some swing trading. The support strength of the position of 2646 is very low. I think it is only a matter of time before it falls to 2633-2637. Because the support there will be stronger and it is a good time to go long. So if you don’t know how to trade now, you can refer to a transaction in the quick trading strategy.
Simple sharing. Investors who like it remember to keep paying attention. CAPITALCOM:GOLD OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1!
Technical analysis of gold 10.15 short-term operationOn October 15, in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $2,645.42 per ounce. Gold prices rose and fell on Monday. Although the geopolitical situation provided safe-haven buying support for gold earlier, gold prices once rose to a one-week high of $2,666.70 per ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. As expected, gold rose directly yesterday, reaching a high of 2,666. However, it soon fell back, and the daily line closed with an inverted hammer line.
The 1-hour moving average of gold is still a bullish arrangement with a golden cross upward. Gold bulls still have strength to move upward. Gold has held on to the support above 2,643 twice after a high-level correction. It continues to buy on dips above 2,643 in the Asian session; but what needs to be noted today is that if gold fails to rise for a long time, then the moving average may begin to turn around, and the strength of the bulls may be affected. If there is no rise, the possibility of reverse shorting cannot be ruled out.
BUY: 2638 Target 2655--60
SELL: 2660 Target: 2645
10.15 Gold Short-term Operation AnalysisGold fell for two weeks without breaking the 2600 area. On Friday, it bottomed out at 2602 and continued to rise. It is currently running at 2646. It did not continue the rise on Friday in the morning. It opened lower and fell by $10. Obviously, it is cold at high places. The continuous buying momentum of gold is not strong. Those who are familiar with the market know that if gold breaks through 2635, it will return to the 2628 to 2675 area to fluctuate. Just pay attention to the pressure of 2665 in the middle. The low opening and low movement in the morning are more due to the risk aversion on Friday. The news on the weekend is calm and there is no risk aversion news. Obviously, gold profit-taking is also a technical need. Since the high has fallen back by nearly $15, it is aggressive to participate in long-term entry, and it is prudent to participate in the 2620 loss in the lower track 2630 to 2625. Now the pressure is concentrated in the 2658 to 2665 area. We insist on not participating in any short-selling operations above 2665, unless the high is adjusted by 15 to 20 US dollars, we can choose to enter the market for short-term long positions. There is no major news today. The expected area is to fluctuate back and forth and wash the market mainly. The area is expected to be 2628 to 2675 for high selling and low buying.
Gold Price Overextended: Is a Bearish Pullback Imminent?XAUUSD Monthly and Daily Chart Analysis
In the monthly chart of XAUUSD, we observe a significant price overextension, where the market has been aggressively buying for several months. This type of upward momentum often signals that a correction or retracement could be approaching soon.
When we zoom into the daily chart, we notice signs that the price is ready to initiate a bearish move, at least a small downward correction. The market may begin to shift as buyers take profits or as sell orders increase in reaction to the extended price.
Should we continue to short gold prices now?This week's operation is very simple. You can make money by buying at a low position. Review the trend of last week. After the whole trend had a significant negative impact, the price of gold was supported near the bottom of 2600. Then, with the promotion of geopolitics, the price of gold gradually rose, forming a force where bulls were stronger than bears. The sudden reversal of the market made some investors very panic. And I am here to tell you that this is a huge opportunity in trading. Don't panic.
After the market opened on Monday, it first had an expected correction. It was consistent with my expectations. But it fell by about 7 points than I expected. At that time, the expected position was 2650. Those who have read the articles I shared on Friday or the weekend know that I told everyone in advance. Then I notified everyone that the trend of today's opening would rise sharply. Indeed, it rose sharply after the correction. It was only 3 points away from the small target position of 2670. If you are in the experience group, you can see my strategy plan. Trade according to the buying timing of the fast trading strategy. You can get profits from three orders. They were bought at 2656.2650.2645 respectively. Then no matter where it rises to, the profit is very good.
So is it the time to short now? Indeed, for those who hold sell orders, this is a very entangled place. If you close the order, you are worried that the market will fall sharply and miss the decline. If you don’t close the order, you are worried that the market will continue to rise and the loss will expand. If you think this way, I suggest you leave me a message. I will tell you a detailed solution.
If you don’t hold a short order, then my suggestion is not to rush to sell the gold price. Wait and see. The market will not continue to rise. But it will not continue to fall. Trading is to find a good time in the right trend to buy low and sell high to earn the difference. Please don't be opportunistic. If you want to trade, but don’t know how to trade, leave me a message.
COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
I have always emphasized that the current trading opportunities are huge. So if you want to make money from the trading market, remember to seize this opportunity. Instead of blindly trading, let your account go from 1 million to 500,000. Then to 50,000. Then to a few thousand.
If you continue to follow me for three days, you will know the current trend clearly. If you continue to follow me for a week, if you become a member of the fast trading strategy, then the profit will be qualitatively improved, because the profit of the previous week is visible and available to every member.
Stay tuned. I am George. I hope everything goes well for everyone in trading.
Those who short gold prices must watch! Be alert!
The first stage target of gold prices next week is 2670. I have already reminded you in advance on Friday this week. The gold price market is expected to continue to rise after the correction to around 2650. It is suitable to buy at low prices when operating. If there is a leading breaking news, this process will be accelerated. This conclusion was verified over the weekend. Next week, it will be directly reflected in the surge in the gold price market.
OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! COMEX_MINI:MGC1!
This is undoubtedly bad news for those who short gold prices. Gold prices will accelerate in advance next week. If you are a short-selling investor. Remember to be alert to the situation after the market opens on Monday. Maybe it is a good decision to stop losses in time.
I am George, an industry insider who has been paying attention to the financial market for more than ten years and maintaining active trading. I will use my professional knowledge to lead everyone to compound interest value-added. If you want to know more, remember to continue to pay attention. Tip: There are many trading opportunities at present, remember not to miss the opportunity to make money now! Others are greedy and I am fearful. Others are fearful but I am greedy.
Gold 10.14 short-term technical analysis: shock downwardIn the early Asian session on Monday (October 14), spot gold fluctuated and weakened, currently trading around $2,655.18/oz. Although the US inflation data consolidated the prospect of a rate cut next month, the US PPI data also suggested that the inflation outlook remained favorable, raising the Fed's expectations for a rate cut in November. Gold prices rose by more than 1% on Friday, closing at $2,657.02/oz. At the same time, the safe-haven demand caused by geopolitical tensions in the Middle East also boosted gold. However, the US dollar index continued to rebound and is currently holding near a two-month high, which has made gold bulls cautious.
Friday's big rise in gold rose from the support of the daily moving average. We are not overly bearish on this wave. We can see that the daily moving average is around 2,630.
Technically, gold is fluctuating at a high level, and the high-level fluctuation channel has been drawn, with resistance at 2,660, so we are short at the resistance level of 2,660. Similarly, gold has found support near 2,610, and gold will continue to fluctuate between 2,610 and 2,660.
Are you ready for the next round of profits?Recently, I found many friends who lost money. They are complaining about the bad market environment. In fact, for me, I don’t think so. On the contrary, I think the current market is a good time to make money. Because the market fluctuations are large enough.
This provides a good prerequisite for making money. Compared with the fluctuations of a few points every day, I think it is not a good time to trade at that time.
The strategy of fast trading has begun to run. If you are still confused or losing money in trading, you can consider joining the group of fast trading instructions. In this way, you can seize the opportunity to trade and expand profits at such a good trading time like most people.
The profits in the group for a week are very stable and huge. After all, the market has given such trading opportunities. It would be a bit inhumane if you don’t take these profits. So if you think so too, then join.
I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now.
CAPITALCOM:GOLD OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1!
When can I short gold prices?From the trend, the gold price will still fall back to 2650 to test the support. If the support is confirmed to be effective, it is an opportunity to buy. The target will reach the pressure test near 2670. Just observe from the trend line. If there is a geopolitical news outbreak that is good for the gold price at the weekend, the effect will be more direct. The gold price may even rise directly. So the trading theme next week is mainly buying on pullbacks. Friendly reminder.
To sum up this week's trading, almost all of them are victories. Traders who follow the fast trading strategy have a proud smile on their faces. After all, there is no defeat this week.
Yes. The fast trading plan is customized for everyone. Especially for traders with a bad trading mentality, lack of confidence in trading, and always losing money in trading. They don't know how to buy or sell at a precise position and how to set stop profit and stop loss. Hand-in-hand teaching. Let you know that trading can really become very simple. Of course, the final fast trading strategy is oriented to trading results. Traders who don't want to make money are not good traders. Do you think so? Friends who like it remember to click and follow. We will continue to share next week. CAPITALCOM:GOLD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD
How will the New York market trade on October 8?The current gold price is quoted at 2647.72. Does the current investment sentiment expect the market to rise or fall?
Interpretation: The current trend of gold prices. It is not difficult to see from the chart. The market is currently in a high-level consolidation stage. It has formed an inverted triangle consolidation trend. Every time it goes high and falls. But the support near 2620 below still exists. MA and MASD echo each other. The probability of selling at a high level to make a profit increases.
News: The probability of a rate cut is uncertain, and the number of points of the rate cut also decreases. To a certain extent, the probability of the Federal Reserve's central bank cutting interest rates is very low. In terms of geopolitics, Syria's retaliation has not yet begun. There is uncertainty. In fact, from these two aspects. It is only a matter of time before the price of gold falls. Tip: (Geopolitical outbreaks are sudden, so the fall in the price of gold is not absolute, and investors need to face it rationally). This is an interpretation of market news for a short period of about half a month. It has a certain reference value.
In terms of operation, this is also an area that many investors pay close attention to: whether it is ultra-short-term, short-term or medium-term. In terms of operation, the principle of selling high and buying low is maintained for trading. You need to pay attention to risks when trading, this is the first point. At present, the market gold price is in the adjustment stage. Under the premise that there is no dominant news, the gold price can be maintained in the range of 2620-2630 for buying. 2660-2650 is the selling price. This operation strategy will be maintained for a period of time. Until the range adjustment ends, or there is a dominant breaking news that affects the trend of gold prices.
Then the ultra-short-term trading strategy is real-time, which requires short-term trading in combination with the intraday time period. It is also necessary to plan in combination with the events of the day. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! CAPITALCOM:GOLD
It depends on whether investors like medium-term trading or short-term or ultra-short-term trading. For medium-term trading, you can continue to refer to the strategy analysis I publish every day and trade on your own. If you want to complete ultra-short-term trading. You can follow me for more accurate follow-up. For different students, you can develop a quick start plan separately. It is helpful for recovering losses or expanding profits in the short term.
I am George. An industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to keep paying attention. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now.
Huge fall.Today's trend is really pleasing. After all, the profit is obvious. I believe that members who follow the quick instructions to trade have great gains.
US media: Hezbollah publicly supports a ceasefire in Lebanon for the first time. Under the influence of this sudden news, the price of gold fell sharply. The current quotation is 2620. It came to the support below. But I think the price of gold will continue to rebound, and soon. If you need such real-time guidance, remember to tell me.
In fact, it is normal to draw such a conclusion. Because there are more than ten years of market analysis foundation here. The two consecutive days of events this week can accurately carry out some good transactions. This is not accidental, but an understanding of the market.
If you are confused about your current trading. You can refer to the effect of quick instructions. It is only a matter of time to recover losses. If you buy at a high position, you should do this. Because starting earlier can reduce the expansion of losses.
I am George. I am an industry insider who has been paying attention to the financial market for more than ten years and has maintained active trading. I will use my expertise to lead everyone to compound interest value-added. If you want to know more, remember to stay tuned. Tip: The current trading opportunities are very large. The market is also very stable. Remember not to miss the opportunity to make money now. OANDA:XAUUSD COMEX_MINI:MGC1! COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD
Go short gold!Bros, gold gradually rebounded to around 2650, breaking through the short-term resistance of 2530-2540, but according to the current conditions, gold does not have the conditions to form a unilateral upward trend. Therefore, in the short term, gold still needs to retreat downward, and the key resistance area above is around 2655-2660, so I will continue to short gold in this area.
Bros, do you have the courage to short gold?
Gold Retracement Opportunity: Targeting Key Fib Levels!Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend indicating a likely pullback to mitigate recent upward movement.
Key technical levels :
• TP1: 2,634
• TP2: 2,628
• TP3: 2,620
Risk Management:
This trade setup provides favorable risk-reward metrics, but it’s essential to maintain disciplined risk management. Stop loss (SL) is placed just above the upper boundary near recent highs to minimize downside exposure. It is advisable to take partials as the price hits respective TP levels, securing profits while reducing exposure. Be prepared to adjust stop losses to break-even or beyond as the trade moves in our favor, ensuring we protect capital and lock in gains.
Conclusion :
This trade offers a strategic entry for traders looking to capitalize on a potential gold retracement, given the technical alignment and FibCloud setup. As always, risk management is key in navigating market volatility, especially during news-sensitive periods.
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.
The two-way rush of the US dollar and gold awaits PPI dataAfter 6 consecutive negative lines, the gold daily line rebounded near 2600 yesterday, and directly rose to 2630. At present, it has reached the 45-day level. Although the big positive line rose yesterday, it does not mean that the market has reversed. It is still operating in the channel range.
Gold has not formed a dead cross in the 4-hour period. It has not broken down now. If it breaks down, the downward space of gold can be opened. Short-term gold will start to fluctuate. The 2600 line below gold has not been broken three times. Today, gold can hold 2600 and go long first.
After the middle-yin line broke down, there was no strong continuation. Instead, the oscillation back and forth consumed the downward momentum. In the past few days, the support of 2600 line has been tested several times in a row, but it has not been successfully broken down. This shows that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. The upper side still needs to focus on the 2650 line pressure level. If it breaks through this position, then this round of callback will come to an end. Otherwise, gold will continue to fall.
Detailed intraday operation strategy:
SEII: 2650 Target: 2630-2620
BUY: 2625 Target: 2650----2660
Did you buy at the high?From the intraday trend, there are signs of continued rebound. But it needs the promotion of news. Independent traders need to pay close attention to whether the pressure position of 2630-2634 above can be accurately broken through and stabilized. At present, the current price is around 2621. If you want to trade, there will be some profits in the short term.
If the gold price breaks through 2634 quickly and stabilizes, the rebound will continue. COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAUUSD CAPITALCOM:GOLD
Gold is in the Bearish Direction after Formation ManipulationHello Traders
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Expect gold to fall below 2600Gold is currently in a swing state and is still relatively weak, but even so, I did not choose to chase gold short at this time.
Because in the short-term structure, gold has obviously built a double bottom structure in the 2605-2600 area, which is conducive to the rebound and repair of gold to a certain extent. Gold fell from the high of 2684 to around 2605, and the areas around 2635 and 2645 are exactly 38.2% and 50% of this round of decline. Then gold may rebound again in the short-term structure and touch the 2630-2640 area, which is why I am not in a hurry to short gold in the past two days.
Today, CPI and initial jobless claims data will be released. Gold may rise first and then fall back under the influence of the data. So in terms of short-term trading, if you see gold rebound and touch the 2630-2640 area, you can boldly start shorting gold!