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Xauusdlong

Gold Price Potential Upside with a Bullish Channelhello guys. Uptrend Structure: The price remains in a strong upward channel, with consistently higher highs and higher lows, indicating a bullish trend. Resistance Levels: Immediate resistance around the $2,747 zone; a breakout here could lead to a rally towards the top of the channel. Support Zones: Multiple support zones have formed, with notable levels around $2,730 and $2,714, acting as potential bounce areas if the price pulls back. Engulfing Pattern: Minor engulfing observed, showing strong buying interest, which adds to the bullish outlook. Next Move: A continuation within the channel is likely, with the potential for a breakout if momentum strengthens, signaling further gains.
OANDA:XAUUSDLong
by melikatrader94
13
Gold Analysis for upcoming move!Technical Perspective: Currently, XAU/USD is showing bullish momentum, with recent price action indicating a potential rally towards the 2760 resistance level. On the 1-hour timeframe, we have observed a clear Break of Structure (BOS) signaling strong buying interest. Key support is identified around 2730, which can serve as a solid entry point for long positions. Utilizing Fibonacci retracement levels, we see confluence around these areas, providing additional confirmation for a potential upward move. Traders should monitor momentum indicators like the RSI for overbought conditions as they approach the target. Institutional Perspective: From an institutional standpoint, recent positioning data suggests that large players are accumulating long positions in gold, anticipating a continuation of inflationary pressures and geopolitical uncertainty. Central bank policies and market sentiment around safe-haven assets are driving institutional interest in XAU/USD. The influx of buying from hedge funds and other large entities could propel prices higher toward the 2760 level. It’s essential to consider market dynamics and liquidity events, as institutional traders may lead the price movements, creating opportunities for retail traders to align with the prevailing trend.
OANDA:XAUUSDLong
by goldsnipertrades
filled GAP, sideway XAU monday⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar extended its recent four-week rally, reaching its highest level since July 30, as expectations grew for a more cautious rate cut approach from the Federal Reserve. The CME Group's FedWatch Tool shows that markets have almost fully priced in a standard 25 basis points rate cut by the Fed at its November policy meeting. Meanwhile, the latest poll suggests a close race between Vice President Kamala Harris and Republican nominee Donald Trump, with concerns mounting over deficit spending after the November 5 presidential election. ⭐️Personal comments NOVA: Sideway Gold price at the beginning of the week on Monday - in the price range 2717 - 2745 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2755 - $2757 SL $2762 TP1: $2748 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2717 - $2715 SL $2710 TP1: $2725 TP2: $2733 TP3: $2740 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
OANDA:XAUUSDLong
by Nova-Scalper
4
Gold's Range-Bound Market: Patience for the Downside OpportunityYesterday, gold spent its last 7 hours hovering within the 2740-2746 range. I was constantly waiting for a breakout to the downside, holding short positions in the 2739-2746 zone, but it didn’t deliver by the close. If it weren’t for trading USOUL, which kept me engaged, I might have dozed off! After recent volatility, this calm has felt quite unsteady. Today, I still expect a drop. Many of my regulars needed to rest, so I advised them to set their take-profit at 2739 before logging off. I’ll stay on, keeping an eye out for the market to drop. For now, the focus is solely on 2739. Once the order closes, I’ll rest and resume trading after the European session opens. I’ve marked zones on the gold chart; if you want to trade on your own before I release a new signal, feel free to use these references. The range is tight, so any gains or losses should be modest. If you profit, fantastic! If not, don’t worry; I’m confident I can help recover those few pips in no time.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Escalating Middle East Tensions and Gold Trading StrategyIsrael has launched an attack on Iran, but the missiles were intercepted by Iran's air defense system, resulting in minimal casualties. Interestingly, in the attacked areas, people stood on rooftops to watch the “fireworks,” which is quite a humorous image. The response from Iran regarding this attack will be important to monitor. Regardless, the war continues, and for gold, another rise seems inevitable. After the market opens on Monday, I believe we can pursue the bullish trend. When the price approaches previous highs, we should close our long positions and begin selling, aiming for a small swing trade. If the price gets near MA20 and shows strong support, we can continue to buy; if not, we’ll consider buying again near MA60.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
2
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it. This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars. Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise. On the contrary, if it closes below 2735-2740, there may be adjustments. For the day, I am more optimistic about buying at low levels and bullish
TVC:GOLDLong
by AntonyTP
1
XAUUSD: Trading In The 2720-2740 RangeI'm not sure if everyone followed the signals before last Friday's close, but if you did, today's trade should definitely be profitable. Currently, after filling the gap from today’s lower opening, gold has once again begun to decline, forming a pattern similar to a double top. While there is some support at the current level, it is not strong. From the perspective of the ascending trend, strong support should be around 2722, while the horizontal support from the head and shoulders pattern lies in the 2718-2712 range. By connecting the high point from last Friday's close to the high point of today's rebound, we can identify a downtrend, with resistance located near 2737. Therefore, today's subsequent trading will primarily focus on the range between 2740 - 2720. If the trend breaks, we will need to adjust our strategy accordingly.
OANDA:XAUUSD
by Mia-Signal
Strategic Gold Trading in NFP Week: Steady PositioningStrategy Overview: This week, marked by the upcoming Non-Farm Payroll (NFP) data release, is likely to see limited market movement in the initial days (Monday and Tuesday) with price oscillations predominantly within a narrow range. Main volatility is expected between Wednesday and Friday evening. Based on last Friday’s daily chart analysis, gold prices are consolidating within the 2720-2740 range. Accordingly, today and tomorrow’s strategy involves maintaining positions within this range, employing a cautious approach. Specific Trade Setups: Enter long positions on gold between the 2725-2728 range Initiate short positions on gold between the 2737-2739 range Trading Mindset: Maintain composure, adhere strictly to the strategy, and seek optimal entries to capitalize on potential price swings during NFP week.
OANDA:XAUUSDLong
by Falcon-Training-Camp
GOLD OPENING GAP AND NEXT MOVE!On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above $2750. A well-managed long position in this scenario could yield a profit of 100-200 pips.
ICMARKETS:XAUUSDLong
by traderchamp_
10/25 ! XAU ! stable trading above 2720XAU / USD trend forecast October 25, 2024 Gold prices rose on Thursday as falling US Treasury yields drove demand for safe-haven assets. Increased tensions in the Middle East and concerns about the US election are supporting gold. At the time of writing, XAU/USD is trading at $2,734, up 0.72%. Despite improved risk appetite, as seen in Wall Street's positive performance, US labor market data remains strong, contrary to the Federal Reserve's projections, which prompted a 50 basis point rate cut in its last meeting to avoid over-tightening. Gold price is stable, sideways after a strong increase at the beginning of the week, sideways in the price range of 2720 - 2758 /// SELL XAU : zone 2756-2759 SL: 2764 TP: 50 - 200 - 300 pips (2728) /// BUY XAU : zone 2710-2713 SL: 2705 TP: 50 - 200 - 300 pips (2740) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
XAU ATH before the US presidential election✍️ NOVA hello everyone, Let's comment on gold price next week from 10/28 - 11/1/2024 🔥 World situation: Gold prices hold steady late in the North American session before the weekend, rising 0.18% after reaching a record high of $2,758 on Wednesday. Heightened Middle East tensions and uncertainty around the upcoming US elections are steering traders toward the safe-haven metal, with XAU/USD currently trading at $2,740. Geopolitical issues have overtaken US economic data as the primary influence on gold’s movement. Tensions remained high Friday between Israel and Hezbollah near the Israel-Lebanon border, with Israeli officials reporting that around 45 missiles were launched by the group. 🔥 Identify: Short-term sideways adjustment in the price range of 2710-2750, gold price continues to expect to reach a new ATH before the US presidential election 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2759, $2782, $2805 Support : $2708, $2680 🔥 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
OANDA:XAUUSDLong
by Nova-Scalper
Gold Out LookAs we had a rally upward last week and got tons of Profits following Technicals as well as this week is concerned still bullish in GOLD Confluences Price is following a bullish channel and show some rejection from channel last week 50 SMA on H1 is also bullish From Monthly to weekly to daily to H4 to H1 to M30 to M15 gold is all bullish Geopolitical situations are also in favour of Gold price as Iran and Israel tension has escalated last week closing we can see a rally upwards So gold is bullish and we are too bullish on Gold if Price breaks above 2752 level of previous ATH it will go bullish to its physiological level
OANDA:XAUUSDLong
by Wakeel_Saab
3
Gold continues to riseDear traders, we bring you better trading strategies every day. We hope you will leave your support after watching. After CPI and the number of people receiving unemployment benefits, the US dollar index rose and fell, and gold rebounded upward, allowing the previous weak pattern to continue to return to the range operation. In addition, based on the fact that there was no excessive retracement in the early morning, it rose again to test around 2631. It is difficult to have a large downward space for the day, which increases the demand for continued rebound. In the previous trading day, we first looked at the rebound around the bottom support of 2604, and then looked at the downward trend twice around the top low position of 2624. After three highs of 2624 in the late trading, we did not enter the market again, and finally broke through 2624 and went higher. This round of correction is likely to stop at 2604. Gold has touched the 2600 mark many times but failed to break down successfully. At present, the one-hour market trend has reached 2602 three times and has been pulled up. The support effect of 2600-2602 is obvious, and the gold pull-up has broken through the previous 2624 suppression. In the short term, it will continue to climb upward. In terms of operation, we will mainly do more. In the 4-hour chart, the stochastic indicator crosses upward, indicating a bullish trend. The 4-hour chart has not formed a dead cross yet. If the dead cross crosses downward, the gold price can fall. At present, the gold price in the one-hour chart is running above the moving average. The moving averages have overlapped and are about to form a golden cross, which is basically a done deal. This will inevitably boost the bullish momentum. Today, pay attention to the support of 2625-2620 below and the pressure of 2650-2660 above. In terms of operation, the callback is mainly bullish.
OANDA:XAUUSDLong
by jfqch1
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.
OANDA:XAUUSDLong
by jfqch1
XAUUSD: Head And Shoulders, Continue To SellYesterday, after experiencing a rebound, gold faced resistance again and pulled back, which is largely in line with our expectations, allowing everyone to achieve good profits. Currently, the short-term trend remains downward. As I mentioned yesterday, we are primarily watching the key support zone between 2718 and 2712. Today, gold touched this support area again and rebounded, but it did not break through the resistance of the downward trend. Therefore, our trading strategy continues to focus on selling. At the same time, we should closely monitor the performance of the support zone. If this support is effectively breached, I believe the subsequent decline could be significant, and breaking below 2700 is likely, with an expectation to reach below 2690. This encapsulates my main trading thoughts for the near future.
OANDA:XAUUSDShort
by Mia-Signal
Week of Consistent Wins: Gold Strategy PositioningThis week’s gold strategy has achieved a remarkable 100% success rate, with those who closely followed the trades seeing a 200% profit—congratulations to everyone on consistent gains! Today marks the final trading day of the week, and this key setup will define our closing profitability for the week. Fundamental Analysis: The “U.S. Initial Jobless Claims for the week ending October 19” was a significant bearish driver for gold yesterday, leading to a sharp price drop. This further confirms the strengthening U.S. economy, which continues to weigh on gold. Today’s “October University of Michigan Consumer Sentiment Index Final” will also reflect U.S. economic conditions and likely adds to the bearish sentiment on gold, presenting another trading opportunity. Technical Analysis: Although the daily chart previously formed a bullish engulfing pattern, this setup has invalidated as gold prices moved higher, and buying pressure increased. Additionally, the Relative Strength Index (RSI) has ceased its decline and is resuming an upward trajectory in the bullish region, signaling renewed buyer interest. Today's Strategy: Based on a combined analysis of fundamental and technical factors, today’s first move is to go long on gold, with a profit target at the 2733-2734 level. After the long position reaches the target, a short position can then be initiated with a profit target between 2720-2718. Given the complex nature of today's trades, if you require my guidance or wish to join the VIP for more real-time strategies, feel free to reach out!
OANDA:XAUUSDLong
by Falcon-Training-Camp
XAUUSD: Key support 2718-2712As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits. The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading. From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
OANDA:XAUUSDShort
by Mia-Signal