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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
Potential gold trades from supportDear friends, Gold prices continue to recover amid escalating tensions in the Middle East, reaching a two-month high of $1,962.62 per troy ounce. XAU/USD maintains its upward momentum, trading around $1,949 in the US session as the US dollar attracts attention following the stock market plunge. In the short term, the 4-hour chart indicates a potential downward correction, although it also shows that the upward trend is still dominant for XAU/USD. Support levels: $1,938.20, $1,926.50, $1,912.35 Resistance levels: $1,962.60, $1,978.90, $1,987.40
OANDA:XAUUSDLong
by Samson-FX
Price Action Beyond Article.As someone who trades options and is part of the trading community, I've learned that being successful involves two main things related to price action. The first part, which makes up about 20% of it, is all about understanding patterns, market trends, and support and resistance levels. This is like recognizing the different shapes and structures that prices make on charts. The second part, which is the bigger 80%, is about real-life experience in the market, your mindset when trading, and how you manage your money and risk. It's not just about knowing the patterns; it's also about how you handle your emotions, make decisions in the heat of the moment, and protect your money. So, to be a successful option trader, it's not just about knowing the patterns and trends; it's also about how you handle yourself and your money in the live market. Both parts are essential for success. #Follow One strategy, You don't need to change your strategy often, back test and give time to your strategy. #Cut your losses #Cut your losses #Cut your losses #Cut your losses #Cut your losses Just Say Thanks If you like.
NSE:BANKNIFTY
by Anand_7
Old vertex test thanks to the increase in channelDear friends, Gold continues to rise as predicted, thanks to the favored safe haven during times of volatility. In a recent development, Federal Reserve Chairman Jerome Powell hinted at the possibility of raising interest rates. However, the market does not see this as a tightening statement. It seems that there are too many external risks impacting the economy. This will support the price of gold. In the near future, "Any data showing a decline in the US economy will further support the price of gold. A recession will force the Fed to lower rates, pushing gold up to $2,100." The strong positive trend in the 1D direction indicates that gold will continue to rise significantly, with my target at $2,017 and then the highest peak at $2,065.
OANDA:XAUUSD
by Samson-FX
Powell believes that current interest rates are not too high.Powell believes that current interest rates are not too high. "Are the policies too tight? I think not." However, he admitted "rising interest rates make it difficult for everyone". The Fed also emphasized that their targets have recently performed well. Inflation in September is currently 3.7%, down sharply from more than 9% in the middle of last year. "Recent figures show progress on both of our goals: maximizing employment and stabilizing prices. The economy is still handling quite well," he said. However, the comments came on the same day as a report showing the number of people filing for unemployment benefits last week was the lowest since the beginning of the year. This shows that the labor market is tightening, which could put upward pressure on inflation. In recent days, many Fed officials said the agency may temporarily stop raising interest rates. Even the most pro-tightening members think the Fed will wait for more impact from previous interest rate hikes on the economy. The market now also expects the Fed to stop raising interest rates, at least for now. The question now is when will they start reducing interest rates. "When the environment remains risky and uncertain, we will be more cautious. The Fed will make decisions based on upcoming data, as well as prospects and risks," Powell said.
OANDA:XAUUSDLong
by NicoTradingMaster
2
Gold buyers approach $1,990 resistance amid overbought RSIGold Price rises to the highest level in three months on early Friday, rising for the fourth consecutive day, amid a softer US Dollar and mixed sentiment. That said, the Greenback dropped heavily on Thursday after Fed Chair Jerome Powell signaled no rate change in the short term. It’s worth noting that the XAUUSD’s successful break of the 200-day SMA and previous resistance line stretched from May added strength to the bullion’s run-up earlier in the week. With this, the precious metal is all set to poke a three-month-old horizontal resistance region surrounding $1,990. However, the quote’s upside past $1,990 appears difficult as the RSI (14) line hovers within the overbought region, suggesting a pullback in the prices. Even if the bulls manage to cross the $1,990 hurdle, the $2,000 psychological magnet will act as an additional upside filter before giving control to the Gold buyers. Alternatively, the 200-day SMA and the multi-month-old resistance-turned-support line, respectively near $1,930 and $1,905, appear as short-term key supports to watch for Gold sellers during the price reversal. Following that, the $1,900 round figure and August month’s low of around $1,885 will act as the final defense of the XAUUSD buyers ahead of directing the commodity prices to the 61.8% Fibonacci retracement of November 2022 to May 2023 upside, close to $1,842. In a case where the bears keep the reins past $1,842, the monthly low of near $1,810 and the $1,800 threshold will be on their radar. To sum up, Gold price is likely to remain sturdy unless it breaks $1,905. However, the metal’s pullback appears overdue.
OANDA:XAUUSD
by MTradingGlobal