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Commodities

Gold near to ATHGold maintaining the bullish structure and moving higher day by day and now trading above 2000.On Daily TF also it is under bullish pressure and maintaining the HH structure. This week main event is FOMC and before that we can expect some range bound trend but as you know that current gold bullish rally is also supported by middle east war. On Intra day TF watch the Pivot Level carefully above this we can look for buy opportunities and we can target last year High . *(No candle closing under PDL on Daily TF)
PEPPERSTONE:XAUUSDLong
by TheGoldenCircle
Hot market for gold sellersDear friends, Crude oil prices are forecasted to potentially increase to $150 per barrel. Global inflation is likely to rise to 6.7% in 2024. Instability can quickly push up the price of gold. However, in the short term, gold is facing pressure from a strengthening US dollar. At the time of writing, Gold is trading below the $2000 mark, currently trading around $1991. It is expected that Gold will rise to $2000 in the near future due to the stability of the trend on the 1-hour timeframe. The short-term target for investors selling gold would be the support level at $1985, after which the upward trend will continue. What about you? Do you agree with me?
OANDA:XAUUSDShort
by Samson-FX
Latest gold market update todayDear readers, The market's attention is currently focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, which is expected to be published on Friday. The data is anticipated to provide further clues about the Federal Reserve's policy meeting next week. Regarding the outlook analysis: Gold, a safe-haven asset used to hedge against political and economic uncertainties, will lose its attractiveness if interest rates rise. The upward price trend is being reinforced more strongly than ever. At the time of writing, the price of gold is trading at $1987. In this weekend's trading session, the psychological level of $2000 will likely hold steady. As for today's trading session, gold is expected to remain relatively calm.
OANDA:XAUUSD
by Samson-FX
1
Gold will definitely exceed $ 2000Dear esteemed comrades, At the conclusion of yesterday's trading session, gold has gained a dominant position in terms of price increase. As of the time of writing this piece, gold is trading below the $2000 mark. In the current context of gold: - Amidst ongoing tensions in the Middle East, concerns about political instability are expected to persist in the short term, providing continued support for gold. - The market anticipates that the Federal Reserve will maintain interest rates at its upcoming policy meeting next month. If data suggests a slowdown, the Fed will have additional reasons to refrain from raising rates, which will greatly support gold and push prices back above $2000. Regarding technical analysis: - The upward trend is strongly reinforced on the daily timeframe. However, the $2000 level is considered a psychological barrier for buyers at the moment. In my opinion, a corrective phase with a testing nature is likely to be closely observed here. Nonetheless, I remain optimistic and maintain my view of emphasizing the continuation of the upward trend in the gold market at this time.
OANDA:XAUUSDLong
by Samson-FX
AUDUSD ShortFOREXCOM:AUDUSD - 4H Analysis Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
Crude Oil Important levels to watch !! CrudeOil important levels to watch are as follows #Support: 7385 Sell below: 7385 only on 15 minute candle closure below the level. Target 1: 7320 Target 2: 7240 #Resistance: 7475 Buy Above: 7475 only on 15 minute candle closure Above the level. Target 1: 7525 Target 2: 7580 Target 3: 7680 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:CRUDEOIL1!
by InvestyourAsset
2
GOLD ranging marketDear friends, Gold is trading relatively quietly as profit-taking pressure sets in after a recent strong rally. Investors are taking profits as the US dollar shows signs of strengthening. At the time of writing, the price is trading around $1971 - $1972. Regarding the outlook for gold this week: We need to pay attention to the US GDP report for the third quarter, which will be released on Thursday (26th October). The personal consumption expenditure (PCE) index will be announced on Friday (27th October), along with other economic reports, especially speeches by European Central Bank President Lagarde and Federal Reserve Chair Jerome Powell. Due to these reasons, gold sellers continue to push the price down, with an expected decrease to $1945 before the upward trend is established again. What are your thoughts on this?
OANDA:XAUUSDLong
by Samson-FX
Natural Gas Important Levels to watch !Natural Gas important levels to watch are as follows #Support: 244 Sell below: 244 only on 15 minute candle closure below the level. Target 1: 242 Target 2: 239 #Resistance: 247 Buy Above: 247 only on 15 minute candle closure Above the level. Target 1: 249 Target 2: 252 => # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite. => # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital. => #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea. => # Please refer our swing based support and resistance indicator if you find it useful give it a like. => # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section. #Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
MCX:NATURALGAS1!
by InvestyourAsset
Gold price is falling, target 2000 USD is difficult to targetDear friends, Gold is entering a phase of decline as the upward momentum weakens and the $2000 threshold remains unattainable. Trading is currently experiencing a slight decrease on the 1-hour timeframe, reaching a trading level of $1973. The inability of gold to recover this week signals a weakening of "safe haven demand," suggesting that the market is learning to live with the tensions in the Middle East. Additionally, the strengthening of the US dollar has made gold more expensive for foreign buyers, significantly reducing purchasing power. Although a price increase occurred, it was immediately rejected at the resistance level. The target for this downward trend is set at $1960 and $1950, indicating a continuation of the price decline.
OANDA:XAUUSDShort
by Samson-FX
Gold MCX - Trade UpdateHey traders, here's an important update on our Gold MCX positions: We've successfully booked our long position and are currently completely out of our short-term long trade. In order to consider re-entering a long trade, we'll be closely monitoring the market for a break above the key level of 61,130 , and it's crucial that the price sustains above this level. As of now, our focus is on initiating a short trade entry around 60,750 , while maintaining a disciplined stop loss at 61,150. Stay tuned for more updates and trade responsibly. Happy trading, everyone!
MCX:GOLD1!Short
by iamrk7
'Staying head' when tensions escalateHello everyone! Wrapping up this week's trading session, Gold reached the predicted level of $1980. Regarding the analysis of this week's news: In his speech, Federal Reserve Chairman Jerome Powell stated that inflation in the US remains too high and economic growth is slower than necessary to reduce inflation. The comments from the Fed Chairman raised hopes in the market that the central bank may pause interest rate hikes. This suggests that there are significant risks to the prospects of the economy, thereby supporting the price of gold. Regarding technical analysis: The 4-hour chart shows that Gold is consolidating around the $1980 level, which was previously expected. This could be a Gold pullback, but the market seems to lean towards the selling side as the candle ends with a bearish tone. Therefore, according to Samson, in the coming week, Gold may retest the support level at $1970 or even lower at $1950 before continuing its upward trend towards the expected target of $2022.
OANDA:XAUUSDLong
by Samson-FX