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Xauusdshort

WHAT ARE GOLD GOING TO DO? HERE IS THE COMPLETE ANALYSIS 2H TFTechnical Analysis: Currently, XAU/USD is approaching the resistance level at $2790, where I believe we could see a significant selling opportunity. This level has historically acted as a barrier, and recent price action suggests that bullish momentum may be waning. If the price reaches $2790, I anticipate a potential reversal, with targets set for a downward move towards $2765. A break below $2775 would further confirm bearish sentiment, opening the door for additional downside. Fundamental Analysis: The gold market is heavily influenced by shifts in monetary policy and global economic conditions. With the Federal Reserve signaling a potential tightening of interest rates and ongoing concerns over inflation, investors may look to liquidate positions in gold as the opportunity cost of holding non-yielding assets rises. Additionally, geopolitical tensions and market volatility could prompt a flight to safety, but if these factors stabilize, we could see a shift in sentiment favoring dollar strength. This backdrop supports the notion of a sell-off in XAU/USD from $2790 to $2765 as traders adjust their positions in response to changing economic signals. Let’s watch for these developments!
TVC:GOLDShort
by goldsnipertrades
Gold : Leveraging Double Top Pattern and Support AnalysisToday, I shared a short strategy, selling in the 2787-2791 range, with a target set at 2783-2779 and a stop loss at 2792. This is a smaller range signal. The reason for the sell signal is the double top pattern observed on the 30-minute chart, along with the break of MA5 and MA10. I see this as a solid selling opportunity, with the main target being MA60. During the New York session yesterday, gold found support at MA60 twice, with long lower wicks, indicating strong support. Typically, longer upper wicks suggest stronger resistance, while longer lower wicks indicate stronger support. I hope this trading tip helps everyone—don’t forget to accumulate your knowledge!
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Gold Price Analysis October 31Fundamental Analysis The US Dollar (USD) attracted some buying on the dip and now appears to have halted its corrective slide from three-month highs amid bets on a slower pace of rate cuts by the Federal Reserve (Fed), supported by strong economic data. This, coupled with concerns over the growing US fiscal deficit, continued to push US Treasury yields higher and limited the upside in the non-yielding yellow metal as it remained mildly overbought on the daily chart. Traders also appeared reluctant to place fresh bullish bets on Gold, opting to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index. In addition, the closely watched US Non-Farm Payrolls (NFP) report on Friday will be looked at for clues on the Fed's interest rate outlook, which will boost demand for the precious metal. Technical Analysis After a strong reaction around 2771, the session port zone was formed and is the immediate support level today for gold prices to react. 2756-2758 is noted in the area after which is a notable break point. In the resistance direction, SELL orders are not very favored. Ahead is the ATH level 2789, which is not too trustworthy, the second level around the port in 2799-2801. With the next resistance point, pay attention to the psychological level 2810. Wish everyone a successful trading with my analysis.
OANDA:XAUUSD
by TVS-Trader
9
XAUUSD: Short In The 2780-2800 RangeYesterday, gold prices experienced a significant surge, reaching a high of 2790, which is very close to the psychological level of 2800. In the near term, bullish sentiment is likely to continue probing this important threshold until prices approach 2800. However, it's important to note that due to this substantial increase, market indicators have begun to show divergence, and there is a high probability of a deeper pullback in the short term. From a technical standpoint, the expected pullback should occur in the range of 2770 to 2760. Only after repairing these indicators is there a likelihood for another price increase. Thus, the high point near 2790 will certainly not be a singular peak; there should at least be one more opportunity to revisit this price level. Additionally, this week is an important data week that occurs once a month, and market volatility on Thursday and Friday will likely intensify. Regarding the data being released this Friday, I believe it poses a significant downside risk for gold. Therefore, if you are holding short positions and find yourself trapped, as long as your account balance is sufficient, there is no need to worry excessively. You can navigate market fluctuations through hedging strategies or multiple directional trades, making it entirely feasible to extricate yourself from this predicament.
OANDA:XAUUSDShort
by Mia-Signal
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
ICMARKETS:XAUUSDLong
by ForexMasters2000
Grab Your XAUUSD Scalping Chance!Market Analysis Summary: Buy Opportunity: Targeting the 2750 zone from the 2730-27 level. Market Structure: Overall bullish trend, indicating potential upward movement. Short-Term Caution: Formation of lower lows may lead to a sell-off down to 2690. Upcoming Events: NFP report is on the horizon, which could introduce market volatility. Key Points to Consider: Monitor the 2730-27 zone for entry signals. Watch for price action around 2690 for potential reversals. Be prepared for fluctuations around the NFP release. Stay informed and adjust your strategies accordingly!
OANDA:XAUUSDShort
by bluechipfx
1
Strategic Short Positioning at ResistanceAnalysis: Today’s U.S. ADP employment data revealed a significant downside surprise, typically bearish for gold. However, gold prices have held steady, underscoring the strong fundamental support from factors such as geopolitical tensions and the lack of selling pressure. The market's reluctance to react sharply suggests the path of least resistance for gold remains upward. Despite this, gold sits at elevated levels, and while today’s data may not have triggered an immediate reaction, there’s an expectation of selling pressure as the U.S. trading session opens. Thus, our strategy focuses on initiating short positions to capitalize on potential pullbacks. Trade Strategy: Entry: Short gold between 2778-2780 Take-Profit Target: 2770 Mindset: Remain confident in the short strategy, stay composed, and await the gradual absorption of bearish data. Execute with discipline to optimize returns.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Possible gold Out lookAs in my previous anylisis i have told that Gold can rally upwards and it has broken its 4H channel and made a rally above Gold has performed like an Ubriddeled horse yesterday but it seems like the buyers have got exhausted as price has began to drop after taking resistance over 2780 level of physiological resistance also the confluence for predicting a big drop is price has made a rising wedge pattern which can be a possibility to drop the price of Gold in todays trading session on the other hand if price goes More Upwards it can stall over 2800 price level which is also a physiological resistance level also we have a fair value Gap and an order block of 4H on 2740 price level so technically i am waiting to buy gold from above 2740 level of support
OANDA:XAUUSDShort
by Wakeel_Saab
XAUUSD: Beware of the pullback, sell at high today, target 2730The trend of gold perfectly replicated my idea yesterday. I explained yesterday's trading strategy and future gold price trend very clearly. Yesterday's closing price is very important to the future trend of gold. If the price can close above 2740-2735, the gold price will start to rise. Otherwise, it will continue to adjust if it closes below. Yesterday’s closing price was just above 2740, and today’s opening price continued to rise, with the highest point once again reaching the historical high of 2757. Next, I don’t think gold will directly set a new historical high again, because the monthly NFP data will be released this week. It is unlikely that it will set a new high before the data is released. There is a high probability that it will adjust first and then when the data is released. Refresh the high of 2757. As for today's trading direction, I think it is feasible to choose to short at a high level
TVC:GOLDShort
by AntonyTP
1
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy. Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
OANDA:XAUUSDShort
by Mia-Signal
Gold Short: Pullback from Overbought HighsCurrently, Gold (XAU/USD) is showing signs of nearing overbought levels, with price action testing the upper resistance channels on the 30-minute timeframe. A descending trendline aligns with key Fibonacci retracement zones, suggesting a potential reversal opportunity from recent highs around $2,764. In this setup, I’m monitoring price action around the trendline for any signs of rejection, which could indicate the start of a short-term downward movement. The Relative Strength Index (RSI) is approaching overbought territory, currently close to 69, which often signals an imminent pullback. This, combined with recent highs, gives a strong technical basis for a short position targeting a reversion to lower support levels. Fundamental Context: Fundamental factors are adding weight to this setup. Market sentiment remains risk-off due to persistent geopolitical uncertainties in the Middle East and a closely watched U.S. presidential election, both of which have driven safe-haven demand for Gold. Additionally, there is a 96% market expectation for a Fed rate cut of 25 basis points, creating a low-interest rate environment, further supporting bullish Gold sentiment. However, despite these bullish drivers, any signs of easing in geopolitical tensions or unexpected outcomes in the Fed’s rate decision could diminish the upward momentum. Combined with RSI overbought conditions, this presents a tactical opportunity to capitalize on a potential corrective move in Gold’s price. Trade Plan: 1. Entry: Short position near the $2,755 resistance level. 2. Stop Loss: Set above the recent high around $2,770 to guard against a false breakout. 3. Target: Initial target at $2,720, with potential to add partials or adjust if price action shows signs of reversal. 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.
CAPITALCOM:GOLDShort
by AR33_
Gold M30 Sell Trade is Ready!Setup: Current Price: 2754 Target Price: 2744 (100 pips) Stop Loss: 2760 In the technical analysis, XAU/USD is currently facing strong resistance at 2754, where the price has struggled to break through in previous attempts. The Relative Strength Index (RSI) indicates overbought conditions, suggesting a potential reversal. Recent bearish candlestick patterns further support the idea of a downward move. A confirmed break below the support level at 2750 could trigger selling pressure, pushing the price down toward the target of 2744. From an institutional perspective, there is notable selling volume around the 2754 mark, indicating that larger market players are actively positioning for a decline. The Commitment of Traders (COT) report shows that large speculators are holding net short positions, reinforcing the bearish sentiment. Additionally, liquidity sweeps at this level suggest that institutional traders are anticipating a downward move, making this a compelling opportunity to enter a short position.
TVC:GOLDShort
by goldsnipertrades
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
Gold Out lookWe have a mixed overview on gold as todays market opening has gone against our anylisis but as i always say no one is perfect in this market there is a probability Rati in this game so we are still bullish over gold but as gd is moving in a Minor 1H channel and has is consolidating in the channel we will be looking for buys when the pair breaks the channel above and currently its moving to its 4H Support level if price rejects the level and moved back and breaks above the newely formed resistance level of 2740-44 we will seek a bullish position as the price is consolidating we are bearish to 4H Support
OANDA:XAUUSDLong
by Wakeel_Saab
1
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