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Xauusdshort

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
Is the Gold Rally Over? Preparing for the Next Wave of SellingSince the beginning of the week, I've been making the case that Gold's recent move has become overextended, and that complacency in the market often precedes strong reversals. This type of overconfidence, where traders believe the uptrend will continue indefinitely, can lead to sudden and sharp corrections when sentiment shifts. Indeed, after reaching yet another all-time high at 2758, OANDA:XAUUSD began to pull back. Once it broke below the key support level of the rising channel, the downward momentum intensified, leading to an accelerated sell-off. This drop culminated in an intraday low of 2708—an impressive 500-pip decline from top to bottom. Looking ahead, in my view, this correction is not over yet. I believe we are likely to see a new wave of selling pressure in the coming sessions. The market may experience brief rebounds or retracements, but these should be seen as opportunities to position for further downside. My strategy moving forward is to sell into this rebound, with negation if we have a new ATH. Until that happens, the primary target for this move remains the 2680-2690 support zone, which could provide a more substantial floor for the price in the near term.
OANDA:XAUUSDShort
by Mihai_Iacob
10
GBPUSD entry analysisGBPUSD Analysis After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency. The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week. Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day. Technical Analysis GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
Long
by TVS-Trader
It is predicted that the price will continue to rise above 2,750Last week, gold prices fluctuated strongly, reaching a record high, but also encountered many difficulties in maintaining the upward momentum, causing experts to have mixed opinions on this week's price trend. According to a survey by Kitco News, the optimism of experts and investors has decreased significantly compared to last week, when only about 56% of experts forecast that gold prices will increase, 22% said that prices will decrease, and the remaining 22% hold a neutral opinion. Marc Chandler from Bannockburn Global Forex believes that gold prices may adjust in the short term. He said that current risks are tilted to the downside, especially if gold breaks the threshold of 2,700 USD/ounce, which could lead to strong selling pressure. Sharing the same opinion, Colin Cieszynski from SIA Wealth Management also forecasts that gold prices may decrease next week because there is no positive news from the BRICS conference for the precious metals market. He said that gold is facing a correction after previously increasing strongly. 🔥 XAUUSD Buy limit 2714 - 2712 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2706 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2732 - 2734 🔥 ✔️ TP1: 2725 ✔️ TP2: 2720 ✔️ TP3: OPEN 🚫SL: 2742
OANDA:XAUUSDLong
by TheLeader_WOLF
GOLD with two probabilities for 10/28/2024GOLD with a high probability to make the decision for 10/28/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
FXOPEN:XAUUSDShort
by Abderrahmane_24
Gold's next probable direction & a safe zone for a Buy entry I am also starting to see some downturn in Gold and Silver prices, mostly from momentum indicators which simply can't sustain the bullish momentum session after session. But I don't think its a big correction, only 4% down from the current Gold price, this is a Fib level of support for price but this Fib level also coincides (ties-in) with recent market structure support. Down below I will give some details of a Gold short I took today in Asia Friday and about 1 hour ago. Interestingly, the Gold price started to slightly sell off Lol, as if I am the only Gold-trader today in the Asia region.
EIGHTCAP:XAUUSDShort
by Easy_Explosive_Trading
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
Continue short-term correction 2709 ! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) dipped during the Asian session on Friday, reversing part of the previous day's gains but staying within the week's trading range. With less than two weeks to the November 5 US presidential election, polls indicate a close race, adding political uncertainty. Combined with tensions in the Middle East, this uncertainty supports demand for gold as a safe-haven asset. However, the impact is tempered by renewed US Dollar (USD) strength, driven by expectations that the Federal Reserve (Fed) will take a cautious approach to easing policy. Recent US economic data has shown resilience, reducing the likelihood of a large rate cut in November, which supports the USD and pressures gold prices. ⭐️Personal comments NOVA: H1 frame continues to adjust slightly downward - expected price range 2709 - 2680 for seller liquidity ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2750 - $2752 SL $2758 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2709 - $2711 SL $2704 TP1: $2718 TP2: $2730 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:XAUUSDShort
by Nova-Scalper
3
Short gold bravelyBros, I have been optimistic about shorting gold in the past two days. Today, I shorted gold near 2730 and closed the order at 2720, making a profit of 100 pips, which is relatively a good profit. At present, gold has rebounded to around 2730 again, but judging from the strength of the rebound, it is expected that the rebound space of gold will be relatively limited, and the short-term resistance is in the 2730-2735 area. So for short-term trading, I am still optimistic about shorting gold. I think gold will at least try to test the 2705-2700 area. Bros, fuck the bull market, let's sell gold happily together!
OANDA:XAUUSDShort
by alongwineer
2
GOLD ready to sell possibly? shorts from 2,750This Week's Analysis for Gold: This week, I'm expecting gold to weaken and potentially consolidate. The slight bearish reaction we've observed may indicate that bullish momentum is losing strength. Additionally, with the recent Change of Character (CHOCH) to the downside, an unmitigated 7-hour supply zone has been created, which could prompt a revisit from price. From that level, I anticipate a potential selling opportunity. Once price taps into this zone, I'll be looking for distribution on the lower timeframe to refine my entry. Confluences for Gold Sells: DXY has shown strong bullish movement, and I expect the dollar to keep strengthening. Gold has shifted to a bearish character, signalling weakness. A clean, unmitigated supply zone is in place, where price may retrace. Significant liquidity to the downside and an imbalance that needs filling. Gold has been heavily bullish and may require a corrective move. P.S. If this turns out to be a retracement and price continues upward, I’ll look for potential buys at the 2,680 level. Have a great trading week!
OANDA:XAUUSDShort
by Hassan_fx
Gold Analysis ==>> Bearish Quasimodo(QM) Pattern!!!Gold ( OANDA:XAUUSD ) moved as I expected in the ✅ previous post ✅. Gold is currently moving near the Potential Reversal Zone(PRZ) and inside the Time Reversal Zone(TRZ) , and the loss of the Lower line of the Ascending Channel can indicate weakness in the upward movement . According to the theory of Elliott waves , it seems that Gold has managed to complete the main wave 5 , and now we have to wait for Corrective Waves . From the point of view of Technical Analysis , it seems that Gold has succeeded in forming the Bearish Quasimodo(QM) Pattern , which can be another sign of the reduction of gold . I expect Gold to decline to at least the Support zone($2,720-$2,708) , and if the support zone is broken , we should expect Gold to continue falling to the Next Support zone($2,686-$2,666) . ⚠️Note: If Gold can goes over $2,760, we can expect more pump for Gold.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
3
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
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits. With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
Gold: A Rebound to 2730 is Not a ProblemYesterday, gold experienced a dramatic decline. I'm curious how everyone fared—did you make a profit or incur a loss? If you made money, you can continue to profit today; if you lost, follow my lead today, and I’m sure I can help you. In scenarios like yesterday's drop, a rebound is inevitable. Remember this: after a significant decline, a rebound will follow, and after a significant rise, a correction will occur. These are major trading opportunities that every trader should seize. For this rebound, we won’t set overly ambitious targets. Although my psychological expectation is above 2740, I’m not willing to take that risk. I’d prefer to close my buy positions before hitting 2740 and patiently wait for it to rise before considering selling. That’s all for now. If you want to see more detailed and specific signals, reach out to me, and you'll gain access.
FOREXCOM:XAUUSDLong
by MichaeliaDefoe
World gold prices recovered slightlyGold prices reversed to increase when receiving information that Russia proposed that BRICS member countries create their own precious metals trading floor. The news follows a statement adopted by the leaders of BRICS countries on Wednesday, advocating increased precious metal exchanges between members on the basis of common quality standards. “This mechanism will include the creation of metal price indicators, standards for the production and trade of bullion, recognition of market participants, settlement of bullion,” said Russian Finance Minister Anton Siluanov. Clearing and auditing in BRICS countries. Participating countries will have a reliable method for stable exchange transactions.” The Russian Ministry of Finance added that it expects the BRICS precious metals exchange “to become the main regulator of precious metals prices.” ☄️. Important support and resistance levels: The nearest support zone is 2712,000 - 2715,000, while the strong resistance zone is at 2740,000 - 2743,000. If the price surpasses 2750,000, the upward momentum could extend to the highest level from the beginning of the year at 2758,000 and beyond to 2800,000.
OANDA:XAUUSDLong
by TheLeader_WOLF
World gold price todayWorld gold costs increased, with spot gold growing through 20.five USD to 2,736.three USD/ounce. Gold futures closing traded at 2,748.four USD/ounce, up 19.four USD as compared to the day gone by morning. Prices for the yellow steel rose 1% on Thursday and remained close to document highs hit in advance withinside the week, boosted through growing safe-haven call for because of fears of geopolitical tensions. According to marketplace analyst Carlo Alberto De Casa of Kinesis Money, gold`s restoration from the day gone by's low is a high quality sign confirming the extremely good hobby of buyers in bullion. This professional believes that, withinside the context of a complex political situation, buyers will pour into gold to guard their assets. He brought that robust call for from principal banks is likewise supplying a lift to the treasured steel's rally. 🔴Mid-term: Gold price is still in an uptrend, but the upward momentum shows signs of slowing down due to risk factors. 🔴Short-term: Price forms a sideway zone, suitable for trading strategies based on support and resistance zones. ➡️Buying range: 2712,000 - 2715,000 ➡️Selling range: 2740,000 - 2743,000
OANDA:XAUUSDLong
by FalCol_TradingMaster