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Gold trading analysis, October 30, continuously updated...Dear gold investors As shown in the figure The rising trend from red point A to red point B is the most recent wave of gold trading. From the perspective of technical analysis, I record it as the beginning of the present The significance of this trend is that the segmentation of the current market is convenient for us to accurately judge the future trend. When we analyze the future trend for trading, the first thing we need to understand is what the trend of gold has experienced before the current wave of rise, and where it will most likely go in the future. 1: Red point A to red point B is the main rising trend of the previous wave, sorting out the upward outbreak point of the market at the position of red point C 2: The white channel is interpreted as the downward channel that may be caused by the retracement of red point B 3: The blue channel is interpreted as the upward channel of the current gold with a high probability 4: The orange parallel line is interpreted as the price blockage and stay relationship that gold is likely to experience now and in the future 5: The green line is interpreted as the central line of the oscillation, which means zoning and classification, because the oscillation starts with a wave of rising or falling market, and ends with the final exhaustion, thus going out of a new period of oscillation The core theory of line analysis is actually the law of conservation of volume and energy. No matter how much money comes into the market, it will eventually go out in the future. Therefore, money, as kinetic energy, forms conservation fluctuations, which also forms the high and low echoes in the channel. So next, according to technical analysis, gold stands firm near the orange C line of $2,748, which means the fulcrum of the current market. It also means a defensive point that cannot be ignored for all intraday transactions. At present, we see that gold has risen to around 2,785. In theory, the expected retracement of trend trading will rise to the range of $2,760-2,770. Next, we patiently wait for the retracement of gold and buy on dips.
OANDA:XAUUSD
by GoldFxTradingPioneer
Plan Trading day : 31.10.2024 with Gold"I think today I will trade within the M15 range as shown. I see that H4 is showing hesitation from both the buying and selling sides. Yesterday, the information seemed to support gold's rise, but fundamentally it is overbought, so it may need to slightly decrease to allow liquidity to enter and push the price up. This phase does not seem to be promising for traders. I will wait for a signal to enter a SELL around 2790 and look for a signal to BUY around the 2773 area. Good luck to you all!"
OANDA:XAUUSD
by Finn_Rm3x
XAUUSD Real-time analysis of the gold market, continuously updatDear gold traders Yesterday, we chose to leave the field near gold 2785, continued to watch the breakthrough strength near 2790, and finally gold twice explored and stopped near 2790. We have also successfully predicted that gold may have a correction depth in the 2776-2780 range. Those who have followed me can check out my analysis in the last post. Today's deal should be clearer 1: From the perspective of the big cycle, gold is still an upward trend and is still strong. 2: From the observation of the cycle at all levels of the hour line, the trend of gold began to weaken Summary: The purpose of our current day trading can only be backed by the corresponding support, accurate operation, the current gold repeatedly broke new highs, for the future long cycle is indeed accompanied by huge opportunities, but the current day trading choice, we must clearly recognize the pressure and support brought by the various thresholds 3: Figure Summary: The next few prices I marked are very critical Downward analysis: We can look at the red line ABC trend, focusing on the zoning pressure around 2780 and 2778, and 2772-2770 below as a short-term target level Upward analysis: We can look at the trend of the blue line 12345, and focus on the partition support near 2780-2781, and 2790 will be the first target level upward. If, as a trader, you can also carefully split all my crossing paths, it must be the most accurate judgment on the current trend of gold. We can not predict the future perfectly, but we must understand the current market to make a reasonable trading plan for the future. Next, I will continue to update our plans and accompany you to keep up with the trend of gold.
OANDA:XAUUSD
by GoldFxTradingPioneer
GOLD SHORT 31 OCTObserved a major consolidation breakout on a higher time frame, followed by a retest and rejection at minor consolidation support, which prompted my entry. Price is currently filling an imbalance (FVG) but may trap and reverse, potentially taking out the FVG before moving up due to the overall bullish trend. Noted significant resting liquidity at demand zones, so I secured 50% profits at the FVG and moved the stop loss to entry. Monitoring for continuation downward to trap FVG buyers. Feel free to like and comment for further trade insights!
OANDA:XAUUSDShort
by munmeeth
1
10 RR TRADE GOLDGold is highly bullish, breaking all-time highs. I waited for a simple trendline breakout and a confirmed close on the 5-minute timeframe, rather than the 15-minute or 1-hour, due to the market's high volatility, which sometimes requires adapting quickly. The market didn't revisit previous demand zones or break below prior highs, and the formation of higher highs continued strongly. I entered the trade after observing a higher high, followed by a retracement to a 1-minute order block. After confirming a rejection, I entered, and the trade has yielded a 10R so far, which I'm still holding. If you're interested in signals, feel free to like or comment!
OANDA:XAUUSDLong
by munmeeth
5
GOLD SHORTING OPPURTUNITY 31 OCT 2024Gold Analysis and Trade Strategy Gold has recently broken through a major support zone, closing decisively below it. This shift signals potential selling opportunities if the price consolidates and shows a strong short setup around key retracement levels. Trade Setup: Preferred Entry: Look for price to retrace to an order block region, providing a tight stop-loss option. Confirmation: Observe the 15-minute chart. Wait for price rejection at our levels, accompanied by a series of lower lows. Once all conditions align, consider entering the trade for an optimal risk-to-reward setup. 🔔 Like, comment, and follow for more gold trade insights!
OANDA:XAUUSDShort
by munmeeth
GOLD SENARIO 30-10-24Gold has trapped buyers after breaking out of an uptrend channel. It closed above the channel on the 15-minute timeframe. You’ll notice two zones here: the top one is a minor order block, and the lower one is a major order block. If the price starts forming higher highs at either of these order blocks, a trade opportunity may present itself. Ensure you confirm with signals like fair value gap (FVG) fills and demand fills on smaller time frames. If gold breaks below the major order block and retraces, we can look for shorting opportunities. Stay patient and wait for solid confirmations.
OANDA:XAUUSD
by munmeeth
Gold Price on October 30, 2024: Reaching a New RecordAs I predicted yesterday, gold prices have reversed and surged sharply. This increase is driven by concerns surrounding the U.S. election, tensions in the Middle East, and expectations that the Federal Reserve (Fed) will cut interest rates in November. All these factors have propelled gold to an all-time high. Furthermore, the intensifying competition between Donald Trump and Kamala Harris ahead of the November 5 election has also contributed to this upward momentum. Examining the technical chart, gold is trading around 2,778, up by 0.1%. In an upward price channel, gold is gaining momentum, moving towards new targets. If this trend continues, gold may conquer the next resistance levels, with the 2,800 mark within sight. Technical indicators like the RSI and MACD are also showing strong buy signals, further strengthening the positive outlook for this precious metal. Does anyone else share my prediction? If you have more solid insights, feel free to comment and let me know!
OANDA:XAUUSD
by Alisa_Rokosz
#XAUUSD Caution before ATH, where will the profit-taking occur?Market analysis for XAUUSD trading session in Europe - America on October 30, 2024: The trading session yesterday and the Asian session today have continuously created all-time highs, with gold prices rising sharply towards the 2800 area. In the current trend, we can easily fall into a state of FOMO, making it difficult to find entry points for trades. Our current priority is to limit trading and prepare for an upcoming profit-taking phase. Today's trading trend: BUY scalp. Key price levels to pay attention to: 🔴BUY zone: 2763 - 2768, 2750 - 2755, 2735 - 2740, and 2715 - 2720. 🔴SELL zone: 2793 - 2798 and 2809 - 2814. Recommended trades: Plan 1: BUY XAUUSD zone 2764 - 2766 SL 2761 TP 2769 - 2775 - 2780 - 2785. Plan 2: BUY XAUUSD zone 2752 - 2754 SL 2749 TP 2757 - 2762 - 2770 - 2785 Plan 3: SELL XAUUSD zone 2793 - 2795 SL 2798 TP 2790 - 2780 - 2760 - 2750 - open.
TVC:GOLD
by ifjugapt
Nifty Intraday Levels | 31-OCT-2024Nifty Options Scalping 1️⃣ Zones to Watch: 👉Green Zone: Institutional support 👉Red Zone: Institutional resistance 👉Gap: 100-200 points between zones 👉Zone Creation: Based on pivot points and Fibonacci 👉Chart: Use Nifty futures chart for reference 2️⃣ Trade Execution: 👉Order Flow: Triggers trades 👉Timeframes: 1-min & 5-min for scalping 👉Risk-Reward: 1:2 (Risk 1 to gain 2) 👉Strike Price: ATM or slightly ITM options 👉Position Sizing: Adjust to risk tolerance 3️⃣ Rules: 👉9:15 AM Sharp: Ready for market open 👉Risk Management: Top priority 👉Quick Trades: "Morning breakfast" scalps 👉Stop-Loss: 10 points #ThankU For Checking Out Our IDEA , We Hope U Liked IT 📌 🙏 FOLLOW for more content! 👍 LIKE if you found it useful! ✍️ COMMENT below with your thoughts and feedback
NSE:NIFTY1!
by ReviveTraders
Gold Prices Continue to Surge, Reaching New HighsHas everyone seen today’s news on gold prices? Gold never ceases to fascinate me – what a fantastic day! Gold prices today have continued their strong rise, setting a new record. This rally is driven by investor concerns ahead of the upcoming U.S. presidential election. During times of political instability, gold is often viewed as a safe-haven asset, attracting strong capital inflows. Additionally, concerns about the global economic situation are adding to gold’s appeal. Looking at the technical chart, gold’s price is supported by the 2,749 and 2,715 levels, giving it a double layer of strength and making it easier to break the 2,787 resistance level. The upward trend is further reinforced as the 34 EMA and 89 EMA lines have yet to show any signs of reversal. From these positive indicators, investors can anticipate a continued short-term upward trend. If gold maintains above these support levels, a new peak is certainly within reach. Do you think gold will keep rising, or will it give us a scare with a reversal? Let me know what you think!
OANDA:XAUUSD
by Alisa_Rokosz