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Xauusdlong

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
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again. Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space. The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
OANDA:XAUUSDLong
by Mia-Signal
2
Gold Bearish Retracement and Pre-Data PositioningYesterday's sharp bearish move in gold resulted in significant pullbacks, and those who followed the strategy have reaped substantial profits. Congratulations to everyone who acted accordingly. For those still on the sidelines, please carefully review my strategy. When the market reaches the anticipated levels, you must act decisively—hesitation only leads to missed profits. Fundamental Analysis: Due to ongoing conflict in the Middle East and significant uncertainty surrounding the U.S. elections, gold remains supported by safe-haven demand in the medium to long term, which limits its downside potential. Overall, the big picture for gold still leans towards an upward trend. However, the recent decline is largely driven by the strengthening U.S. dollar and rising U.S. Treasury yields, reflecting positive developments in the U.S. economy. Today's "Initial Jobless Claims for the week ending October 19th" is likely to add bearish pressure on gold. In anticipation of this data, we can initiate short positions before its release. Technical Analysis: On the daily chart, the market is showing a clear "avalanche" pattern, with a large bearish candlestick breaking through the previous two days' bullish momentum. Prices have rebounded to a key resistance level around 2740, forming a bearish engulfing pattern at this short-term top. Therefore, the ideal short entry point is around 3738. Today's Strategy: Before the data is released, short positions should be initiated around 3738. If the data proves bearish for gold, and prices fall to 2725, we can switch to long positions. Today's trading setup is somewhat complex. If you're unsure how to execute these trades or need detailed guidance, feel free to reach out to me for personalized support.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold Technical Analysis: (READ DESCRIPTIO)Gold Technical Analysis: Bullish Outlook Pivot Point: 2717.00 Gold is currently exhibiting signs of a potential upward move, with support established at 2717.00. The technical indicators suggest a preference for long positions as the precious metal is poised for further gains. Our Preference: Long Positions Recommended Trade: Long positions are favored above 2717.00, with targets set at: First Target: 2747.00 Second Target: 2758.00 This indicates a potential rise as the bullish momentum strengthens. Alternative Scenario: Downside Potential If Gold falls below 2717.00, consider looking for downside targets at: First Target: 2709.00 Second Target: 2700.00 This would suggest a shift in momentum and a potential corrective move. Technical Indicators: RSI (Relative Strength Index): The RSI shows strong upside momentum, signaling buying strength. Price Action and Trends: Above 2717.00: As long as the price remains above this pivot point, the upside trend is expected to prevail, potentially targeting 2747.00 and 2758.00. Below 2717.00: A break below this support level would invalidate the bullish scenario, opening up potential losses toward 2709.00 and 2700.00. This would indicate a shift in momentum toward a bearish correction.
OANDA:XAUUSD
by CharivapaAlgo
Reached the top and suddenly fell verticallyGold costs reduced after statistics approximately americaA housing marketplace in September. According to americaA National Association of Real Estate (NAR), general income of present homes, consisting of personal houses, townhouses, and residences condominiums and cooperatives, fell 1.0% to a seasonally adjusted price of 3.eighty four million gadgets in September. The records turned into higher than expected, as economists had forecast a 1.3% decline. right all the way down to 3.eighty million gadgets. Total sales for August turned into additionally adjusted as much as 3.88 million gadgets from the formerly pronounced 3.86 million gadgets. Year-on-year, income sales reduced with the aid of using 3.5% in comparison to September 2023. In addition to the motive coming from new financial records, the lower in gold costs may also be a profit-taking circulate with the aid of using many investors, after this valuable steel has constantly peaked withinside the beyond few weeks. Experts additionally word that notwithstanding a robust adjustment, gold costs nevertheless keep above 2,seven-hundred USD/ounce with long-time period assisting elements together with geopolitical instability and hobby price slicing regulations of a chain of primary banks. 🔥 XAUUSD Buy limit 2715 - 2717 🔥 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2708 ➖➖➖➖➖➖➖➖ 🔥 XAUUSD Sell limit 2736 - 2738 🔥 ✔️ TP1: 2725 ✔️ TP2: 2715 ✔️ TP3: OPEN 🚫SL: 2746
OANDA:XAUUSD
by TheLeader_WOLF
Gold Trading Strategy: Focus on Selling TodayYesterday, we bought and made some profits, and today we’ll primarily focus on selling. The trading signal I released before the market opened suggests selling in the 2746-2752 range, with a TP set at 2738-2734. Some friends may have already traded based on the signal they received earlier; you can still join in. Gold is currently within the selling range, and if you’re looking to place this order, now could be an even better position. I will continue to monitor market trends, and any changes in trading will be communicated promptly. Stay tuned, and feel free to leave me a message if you have any questions.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
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.
FX:XAUUSDLong
by YogaID
XAUUSD: Sell, Add Positions At 2746-2751Today, gold broke through the resistance around 2728 and returned to the vicinity of 2738. Indicators show that resistance remains significant, so I recommend continuing to sell within the 2738-2743 range. If prices continue to rise, I expect to encounter strong resistance in the 2746-2751 range. At that point, the market is likely to experience a pullback, and a return to around 2738 should not pose too much of a problem. Therefore, today’s trading strategy is to sell in the 2738-2743 range and add to the sell position in the 2746-2751 range.
OANDA:XAUUSDShort
by Mia-Signal
8
Reinitiating Gold Bearish StrategyToday, I will once again reveal my bearish strategy, entering short positions decisively at 2755. The emergence of a large bearish candlestick has successfully breached the 2750 support level, with prices even dipping to around 2700, allowing for anticipated profits from short positions. Opportunities favor the prepared; if you're still on the sidelines, you may be missing out. Technical Analysis: The hourly chart for gold has developed a distinct bearish pattern, with the large bearish candlestick exhibiting a free-fall movement, piercing through all support levels. The current K-line rebound continues to signal a bearish trend, expected to breach key support lines once again. Additionally, the moving averages have shown a clear downward reversal, indicating that the market's strength has shifted decisively downward. In the short term, we will continue to monitor the topping pattern, with 2725 remaining an optimal point for short entries.
OANDA:XAUUSDShort
by Falcon-Training-Camp
2765 ! Expected next ATH price range⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US bonds saw a sell-off on Monday, which TD Securities analysts attributed partly to increasing odds of a Trump victory in prediction markets. Meanwhile, Fed officials made statements on policy. San Francisco Fed President Mary Daly expressed support for continued rate cuts, while Kansas City Fed President Jeffrey Schmid took a more cautious approach, favoring smaller cuts and describing the labor market as stabilizing rather than weakening. ⭐️Personal comments NOVA: Huge buying force - continues to create new ATH every day. Fomo is close to the US presidential election day. The long-term framework all supports the continued Uptrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2765 - $2767 SL $2772 TP1: $2758 TP2: $2750 TP3: $2740 🔥BUY GOLD zone: $2730 - $2728 SL $2723 TP1: $2740 TP2: $2750 TP3: $2760 ⭐️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
5
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.
CAPITALCOM:GOLDLong
by AR33_
2
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
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
XAUUSD: Sell ​​above 2756Today, gold prices rose to around 2758 before retreating. From previous trends, there is support around 2748, and the 2743-2738 range is also significant. Currently, the market structure is not favorable for bulls, making support crucial. In terms of trading strategy, I am leaning towards short positions today, with a key entry point at 2756, which I shared yesterday, and an additional position in the 2760-2764 range. If the price breaks below support directly, we may need to adjust the strategy and consider going long around the main support levels, but the target should be kept modest, ideally within $6. Additionally, there will be news releases half an hour before the New York session, which could have a substantial impact on the market, so please pay close attention while trading.
OANDA:XAUUSDShort
by Mia-Signal
XAUUSD: The rise is not over yet, 2740 is not the topYesterday, our strategy of waiting for the 2720-2725 area to stabilize before buying was still correct. Although the gold price hit a low of 2714, it continued to rebound and reached a high of 2738. We bought near 2720 yesterday and have taken profits today. From the 1H chart, we can see that the decline in gold prices yesterday touched the rising trend line of 2715. As time goes by, the price of the trend line will gradually rise. The 2720-2725 area is where the next trend line is located. Therefore, my thinking today will continue to follow yesterday's trading method. If the gold price falls back to the 2720-2725 area again, I will buy long orders again, with the target at 2750.
TVC:GOLDLong
by AntonyTP
1
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CAPITALCOM:GOLD
by Thief_Trader
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. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
2
Precision Strike: Gold Bearish Trend on the Verge of UnfoldingNo need for excessive explanation—the current gold market trend is clear, and a pullback is imminent. I am confident that now is the ideal moment to go short, focusing on swift, accurate, and decisive moves. With bearish positions already in hand, we are well-prepared for a significant price drop. Technical Analysis: The hourly chart for gold has displayed a strong bearish movement. The large bearish candlestick has decisively engulfed the previous bullish candlestick, forming a classic "bearish engulfing" pattern. From a technical perspective, the price will inevitably revert to the moving average. After an extended rally, gold is showing signs of exhaustion, and this single bearish candlestick has shattered the current strength, signaling a major reversal. With the bearish momentum building, a short position around the 2755 level after a rebound is highly recommended. Fundamental Analysis: Additionally, there will be several bearish factors in the news today supporting further downside movement for gold. Therefore, for short-term traders, maintaining a bearish bias is advised to capitalize on the market’s downward momentum.
OANDA:XAUUSDShort
by Falcon-Training-Camp