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Gold continues to conquer high levels on 2020 USDThe global gold market has witnessed strong buying activity in the past two weeks. Investor demand for safe havens has increased amidst escalating tensions in the Middle East. Gold prices have marked their third consecutive week of gains. At the time of writing, the Gold market is trading at $2000. Based on the 1-hour psychological level analysis chart, $2000 currently acts as a resistance level for gold. It is expected to quickly push back against this price increase, although gold may not see a significant decrease. The expected support level could be around $1985, followed by a reestablishment of the upward trend for this precious metal. The year 2020 is being highly anticipated by gold buyers during this time. This week, we will receive two pieces of news on November 1st and November 3rd that will make gold even hotter than ever.
OANDA:XAUUSD
by Samson-FX
Gold MCX: Trading in one thousand-Point RangeGold MCX has settled into a range, possibly confined within a 1000-point zone, specifically between 60125 and 61125 . It's prudent to exercise patience and await a decisive breakout from this range before considering new trades. Stay connected for forthcoming trade ideas. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct thorough research and consider your risk tolerance before making any trading decisions.
MCX:GOLD1!
by iamrk7
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
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
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
Update Gold at the beginning of the new weekDear friends, The situation in the Middle East seems to be far from finding a peaceful solution, and this can potentially sustain the upward trend in the price of gold, despite higher interest rates from the Treasury bond. Therefore, gold has become a new breeze for investors as it becomes increasingly attractive amidst prolonged conflicts and political tensions. Regarding expectations: This week, several important news about gold will take place from October 25th to 27th, with the most significant being the speech by the Fed Chairman on October 25th. Currently, the gold market is trading around the $1980 - $1981 range, and based on this possibility, the downward momentum could target the support level of $1945. After that, the upward trend will be established once again.
OANDA:XAUUSD
by Samson-FX
Gold continued to boom stronglyDear friends, Gold achieved an impressive figure last week, but it has experienced a slight decline at the beginning of this week's trading session. At the time of writing, gold is trading at $1971. Regarding market information: The ongoing tension in the Middle East has not yet ceased, making gold an attractive option for investors looking to preserve their capital amidst chaotic market conditions. Regarding technical analysis: It can be observed that Gold is gradually resembling the DOW pattern, with a potential decline to $1947, followed by a continuation of the upward trend expected to reach $2000, which gold has not yet reached. What are your thoughts on this? Do you agree with me?
OANDA:XAUUSD
by Samson-FX
Gold MCX Analysis: Trading Range AlertGold MCX - Short-Term Analysis Gold is currently trading in a tight range and appears to be hovering around a resistance level. As of now, we advise caution for short-term trading, as the market lacks a clear direction. Key Levels: Range: 59660-60260 Additional Resistance: 60330-40 Our strict advice is to refrain from trading in gold at this moment until we receive a clearer indication of its next move. Market conditions may change rapidly, and it's essential to wait for a more defined trend before taking any significant positions. Patience is often a trader's best ally in uncertain times.
MCX:GOLD1!
by iamrk7
1
Gold continues to promise a new peak on high price!Dear friends! Currently, Gold is trading around the price of $1980. It can be seen that after the Fed chairman's speech yesterday, gold did not have a strong reaction but still developed with the highest impressive number in the past two weeks since October 6th. Although the Fed is still committed to its inflation target, experts still believe that increasing political instability can quickly push the price of gold higher. Since the conflict in the Middle East began, the demand for safe haven assets has helped gold rise by nearly $120. The breakout of gold above $1960 is a positive signal for gold, especially when the situation in the Middle East shows no signs of cooling down. It is expected that gold will retest the $1960/ounce level, which will help this precious metal easily surpass levels within the range of $1985 - $1995/ounce.
OANDA:XAUUSD
by Samson-FX
2
Gold update and analysis todayHello dear friends! At the end of the last week's session, gold increased significantly to a high level of 1932 USD with the screen breaking from the downtrend. Today, when starting a new trading week, gold will have the potential to decrease slightly when checking the breakthrough, currently trading at 1919 USD - 1918 USD. However, the global situation tends to continue supporting the price increase of gold, so it is likely that we will soon witness new prices higher in the near future.
OANDA:XAUUSDLong
by Samson-FX
2
Gold conquered 2100 USD next yearHello dear friends, Precious metals continue to decline today, currently maintaining at $1914 per ounce, with little change compared to yesterday's trading session. The 1-day chart shows a breakout from the downward channel at $1910 USD. This currency pair has started to target $1900 USD. Gold may maintain stable growth above $1800 USD in the short-term selling pressure in the near future, potentially pushing Gold to conquer a higher level of $2100 USD per ounce in the coming year.
OANDA:XAUUSDLong
by Samson-FX
XAUUSD - Conquered with 1970 USD challengesHello traders! Today, Gold continues to maintain its positive trend with trading prices around $1936, after receiving a series of good news from the market yesterday. Looking at the technical picture on the 1-hour time frame, we can see that Gold is staying within an upward channel. However, it is currently consolidating around the highest level, so sellers will likely push the price of Gold down in the near future, testing the $1915 level. This upward trend is expected to continue with a projected increase to $1915.
OANDA:XAUUSD
by Samson-FX