Thi is previous analysis ( but it's High time frame view)This is the previous analysis, but it’s a high time frame view. The next Fed review is on November 6-8
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GOLD.PRO.OTMS trade ideas
#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.
XAUUSD setuo for 30-10-2024 #GoldsetupPlay between 2790 and 2782 before newyork
Always use Stoploss
Above key orderflow look for buy, below that for short.
cheers!!
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.
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!
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!
Gold near 2800Gold climbs to new ATH at 2,781 as mixed US data bolsters expectations of a Fed rate cut in November.
Last day candle is a good bullish candle and gold price moving higher today in continuation , price is now trading above weekly R1(2767) and testing rising wedge pattern resistance trendline on daily time frame , from here price can test psychological level 2800 or Monthly R2 (2811) and then we can expect some correction or profit booking as per daily TF ,right now there are two possibilities if we watch price action on higher time frame:
First one is that price can make good correction now after testing 2780-2800
Second one is that price can make another broad range( 2750,60 -2780,2800 ) on daily before next move .
The US Bureau of Economic Analysis going to reveal GDP for the third quarter today and core PCE data tomorrow which can add good volatility on Gold price for Intra day.
Gold (XAU/USD) intraday trading at current levels 10/30/2024Buy, Sell, and Stop-Loss Recommendations:
Buy Zone: If prices retrace to support at $2,760, a buy entry could be advantageous, targeting a rise back towards the $2,780 and $2,800 levels, where resistance has been marked. This range reflects a demand zone where buying pressure has previously built up.
Sell Zone: If prices approach resistance at $2,780-$2,785, consider a short position, with a target to re-test support around $2,760. However, be cautious if upward momentum breaks above $2,785, which could signal continuation to $2,800.
Stop-Loss:
For buy positions, place a stop-loss just below $2,750 to limit risk if support fails.
For sell positions, consider a stop-loss slightly above $2,785, adjusting to $2,790 if volatility increases.
These levels incorporate recent market reactions and geopolitical factors driving safe-haven demand for gold.This guidance can adapt if prices move sharply, so monitoring real-time price action will be key.
SHORT TRADE IDEA IN GOLD - XAUUSDSymbol - XAUUSD
XAUUSD is currently trading at 2733
I'm seeing a trading opportunity on sell side.
Shorting XAUUSD at CMP 2733
I will add more quantity at 2747, If comes. Holding with SL 2760
Targets I'm expecting are 2704 - 2687 & 2674
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Gold on Upper Trend of Parallel ZoneTrend Lines: An upward trend line that has held for an extended period suggests strong underlying demand. If prices approach this trend line and bounce, it can act as a signal to buy, reinforcing bullish trends in gold.
Additionally, analysts have noted the formation of broadening wedge patterns on various timeframes for gold, which could lead to a breakout either up or down, depending on resistance and support interactions. On the bullish side, recent price action near key resistance levels could suggest a flag breakout if there’s increased volume and a clear move above resistance around $2,530–$2,540.
These insights, along with watching support around $2,486.79 for bearish confirmation, help provide a basis for trading entries and risk management in the short term.
#XAUUSD/H4 Continue to adjust or create a new peak?Market analysis for XAUUSD trading session on October 29, 2024:
The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here.
Today's trading trend: BUY scalp.
Key price levels to watch:
BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720.
SELL zone: 2760 - 2765 and 2776 - 2781.
Recommended orders:
Plan 1: BUY XAUUSD zone 2735 - 2737
SL 2732
TP 2740 - 2745 - 2755 - 2765.
Plan 2: BUY XAUUSD zone 2727 - 2729
SL 2724
TP 2732 - 2740 - 2750 - 2765.
Plan 3: SELL XAUUSD zone 2763 - 2765
SL 2768
TP 2760 - 2750 - 2745 - 2740.
Xauusd SMC Levels for 29-10-2024Xauusd at all time high, look for sell trades
2756 is a good level for sell wait for retest.
next scalping buy level is 2749.
use stoploss always
cheers!!
TP HIT ON GOLDAs I discussed in my last analysis, I have predicted that gold will move 460 pips and reach my TP. I am now expecting gold to retest then show further growth. . It is hard to predict where gold will go next, but I am confident that it will continue to move upwards. I will keep you updated on my analysis.
Daily analysis for gold !!!OANDA:XAUUSD Gold just broke 2745 and is sitting around 2750 now. With JOLTS data dropping today—which I predict will be positive—we might see a pullback then rise in gold. You can consider buying, aiming for 2760-70, with a stop loss below 2735. If it dips to 2740, that’s another good spot to buy.
Buy :- Current price 2750 or 2740 if gold pullback aiming 2760-70 stop loss below 35.
Selling :- Only below 2730 !
Valid for today 29:Oct:2024
Gold near to ATHAfter gap down opening Gold price again trading near to ATH and price now sustaining on PWH on H1.
For sell we have to wait for rejection on ATH area (2755-59: for scalping only right now with tight SL on Intraday No confirmation, No sell) and for next move in higher side price need to breakout and need to sustain above this area and then we can look for buy in higher side towards weekly R1 and then R2.
For a safe sell I think better wait for price to close below 2738 (As wee have High volume support at 2738-40,H1 or H4) and in Higher side there is no major confirmation right now.
Gold Pauses Amid Pressure, but the Future Remains BrightThe record-breaking rally in gold has come to a halt as the USD strengthens and U.S. Treasury yields reach their highest level in three months. Meanwhile, investors are awaiting key U.S. economic data to gauge the Fed’s next move, which is also pressuring gold prices. However, Alisa predicts that if the market expects continued rate cuts, investment demand for gold will rise further, pushing prices up.
The technical chart shows two strong support levels at 2,732 and 2,747, which could serve as a robust base for gold to gradually return to an uptrend. Although gold is currently experiencing a slight decline, this is likely temporary as investors await new signals.
The forecast suggests that if gold can regain upward momentum, it could reach $2,900 per ounce within the next 12 months.
XAU/USD (Gold) intraday trading on October 29, 2024Resistance Levels:
Primary Resistance: $2,741 - This is a key resistance level where price action may face selling pressure. A move above this could open up further gains, with the next target near $2,750.
Secondary Resistance: $2,750 - If momentum pushes beyond $2,741, this higher resistance level may be the next significant barrier for price movement.
Support Levels:
Primary Support: $2,722 - This level serves as an immediate support, and price action here could attract buyers. A sustained hold here may signal a reversal opportunity.
Secondary Support: $2,710 - Should the price break below $2,722, this level is expected to be the next potential support zone, where buying interest may emerge
Strategy Consideration:
Buy: Consider entries near $2,722 if the price shows strength, with a target towards the $2,741 resistance level and a stop-loss slightly below $2,710.
Sell: Look for shorting opportunities if XAU/USD fails to hold above $2,741, targeting $2,722 initially, with a stop-loss above $2,750 to manage risk.
These levels and strategies can help guide intraday trades by providing actionable entry and exit points based on key support and resistance zones. For optimal results, consider confirming signals with volume and other technical indicators
Gold at high level consolidationCurrently, gold's price action appears to be in a consolidation phase following recent upward movements. Gold's spot price is fluctuating around $2,744 per ounce, reflecting moderate gains earlier in the session. This movement aligns with investors closely watching the Federal Reserve’s upcoming decisions on interest rates, as well as broader financial market pressures. The recent bullish trend has seen some pauses, as traders assess factors like bond yields and geopolitical tensions, which have previously fueled demand for safe-haven assets like gold.
A recent support level near $2,700 appears to be holding, while the resistance zone around $2,750 could indicate the next level to watch if the price continues climbing. This suggests that traders are possibly awaiting clearer signals, which could come from upcoming economic data releases or central bank statements. Observing these levels might be beneficial for identifying potential breakout or retracement moves in the current market environment.
If this price level is sustained or surpassed, it might signal continued bullish sentiment. Conversely, any break below recent support could suggest a shift towards lower consolidation or even a corrective phase.
BTC | XAUUSD | PRICE ACTION ANALYSIS | 28 OCT | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
Gold is in Simetrical Triangle Gold will take time. This is 1hr-4hr or even 1-15days time frame but idea remains the same. There is lot of liquidity for Gold to take below 2700 before rising to 3000.
1:3.5 trade on goldprice unable to close below a demand zone continues to do higher high in 5 min time frame.. breaks highs and traps the breakout and retest buyers.. our sl was very close to hit. we enter trade on a samll demand zone in lower time frame we see price rejecting and we enter.. we target buy side liqudity and our tp gets hit.. overall wondeful trade..pls leave comments if u want to catch this so i can post signals.
Gold Trend 28/10The gold price hit our S-T target of 2750 last week, reaching a new high of 2758. However, the upward momentum failed to last, and the price couldn't hold above 2750, dropping back to the weekly low of 2708. Towards the end of the week, the gold market once again priced in the risk premium ahead of the weekend's geopolitical uncertainties, pushing the price back to 2750, and closing the week at 2747.
Last week, several Federal Reserve officials made comments suggesting a 'cautious approach to rate cuts,' which strengthened the US dollar and put pressure on gold prices. On the other hand, the market had been grappling with potential retaliatory actions from Israel against Iran for the past two weeks, which finally materialized over the weekend. The attacks were relatively restrained, focusing solely on military sites in Iran and avoiding oil and nuclear facilities. Tehran, so far, has not issued an immediate response. With no significant casualties, the geopolitical tensions eased as markets opened on Monday. The NYMEX oil, most directly affected, gapped open 4% lower, and gold prices also opened $10 lower.
A few crucial US data releases are scheduled from Tuesday to Friday this week, including consumer confidence, third-quarter GDP, core PCE inflation, non-farm payrolls, and the unemployment rate. A lot of uncertainty fills the week, but... considering most of the US economic figures released in the past few weeks have been relatively strong, we can anticipate downward pressures on gold prices prior to the outcome of these figures. As the US election enters its final stages, regardless of the outcome, there is a strong likelihood that the gap between the two candidates will narrow before election day, potentially leading to safe-haven funds flowing into the gold market to support the price, offsetting the downward pressure from strong data.
1-hr chart (above) > The price failed to hold above 2750 last week, causing the S-T trend to break below the upward support line (1). The upward momentum has begun to slow down, the support has shifted from the mid-week support line(2) to a slower pace(2.1) before the weekend. The key resistance zone is now sitting at last week's high of 2750-2758 (4). If any US data falls short this week, the gold price may break above this resistance, triggering a new round of buying. However, before all those economic figures from the US, we can take advantage of the sideway range of 2710-50 (3) for S-T trading.
Daily chart > The overall pattern hasn't changed much, with the key resistance at 2750 (5), and the upward channel (6) still holding strong.
If you like our ideas, please give us a 🚀 !
P.To
The new week has brought a "shocking" piece of news for goldThe US dollar’s strong appreciation in the international currency basket has placed significant pressure on gold prices. Moreover, a series of positive US economic data released at the beginning of the week has prompted investors to take profits, driving gold prices down sharply. Additionally, the sharp rise in US government bond yields has further reduced gold’s appeal today.
Currently, gold is trading around $2,741 per ounce, down 0.2% from the previous session. On the technical chart, gold is forming a downward price pattern and facing selling pressure at the $2,747 per ounce resistance level. In the short term, there is a high probability that gold prices will continue to adjust downward if no new supportive factors arise. However, with fundamental factors supporting a long-term increase in gold prices, there remains a realistic possibility that gold could break through current resistance and resume its upward trend.
Investors should closely monitor both technical and fundamental signals to make well-informed trading decisions.
