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GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)

GOLD Spot (XAUUSD) (OANDA EU Clients)

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Gold on run for 20 $ rise. Today, several key economic events are happening in the U.S.: Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time. Durable Goods Orders (September): This data reflects new orders placed with manufacturers for long-lasting products, such as vehicles and appliances. It offers a glimpse into manufacturing demand and overall business confidence. Pending Home Sales Index (September): This measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, indicating the strength of the housing market. These reports will give insights into economic momentum, labor market conditions, and business activity, which are all crucial for market participants and policymakers. Additionally, the Federal Reserve's next policy meeting is scheduled for early November, where interest rate decisions will be discussed, making today's data releases significant for future monetary policy​. So now, Gold can climb high to 20 $ approx, if the economic event news are not in favour of USD and XAU will find a legit reason to climb up the ladder.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
2
Gold Loses Momentum, Profit-Taking Ramps UpYesterday, gold took quite an unexpected turn, didn’t it everyone? Let’s join Alisa in updating today’s gold price news! Today's gold price dropped by $33.6 per ounce, settling at $2,715.8 per ounce. This decline is mainly due to the strengthening of the US dollar and the rise in US bond yields, which reduced gold’s appeal as a safe-haven asset. Additionally, profit-taking activity has also contributed to the pressure on gold prices. Looking at the 4-hour technical chart, gold is expected to undergo a price correction and shows a slight downward trend in the short term. With the key support level at $2,715, gold may gain momentum, but it will face challenges from two resistance levels at $2,738 and $2,757. These resistance levels are likely to hold back gold’s upward movement and lead to a minor decline. Although currently in a downward adjustment, gold still holds strong potential for a robust recovery. The volatile US economic landscape and the upcoming election could quickly inject fresh energy into the gold market, making it an attractive safe-haven once again. So, make sure to keep a close eye on it!
OANDA:XAUUSD
by Alisa_Rokosz
Gold : Finally taking a breakAs discussed in yesterday's gold update that gold was due for a correction , accordingly we have seen a good correction in yesterday's trading session. Last day price close with a bearish Engulfing candle from a key level (Weekly R1) and now the major support as per volume (2738-40) is going to act as resistance area, also if we draw Fibonacci levels for last day candle we have now to major resistance in higher side for gold, one is at 2733 and another is 2739, so for intraday under these levels we can look for sell opportunities and we can look 2700 or low as our target .CPR is also descending today , any breach from PDL can result in continuation into lower side.
OANDA:XAUUSDShort
by iambalramkashyap
Gold if break 2708 then fall ,if break 2729 then go upDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
What is Significance of delta negative count at lift time high In order flow trading, DELTA represents the difference between the number of aggressive buyers and aggressive sellers during a specific time period. It is a key metric used to analyze the strength or weakness of market participants and helps traders assess buying and selling pressure. Here's a breakdown: 1. Aggressive Buyers: Traders who are willing to buy at the ask price (the price sellers are asking for). 2. Aggressive Sellers: Traders who are willing to sell at the bid price (the price buyers are offering). How Delta is Calculated: - Delta = (Aggressive Buy Volume) - (Aggressive Sell Volume) - Positive Delta: Occurs when there are more aggressive buyers than aggressive sellers. It suggests strong buying pressure, potentially indicating a rising market. - Negative Delta: Occurs when there are more aggressive sellers than aggressive buyers. It indicates selling pressure, which could suggest a falling market. Types of Delta in Order Flow: 1.Cumulative Delta: Tracks the running total of the delta over a certain period (e.g., throughout a trading session or a chart’s timeframe). It shows the net flow of buy and sell orders and can help identify whether the market is controlled by buyers or sellers over time. 2. Delta Per Bar: Shows the delta for each individual bar or candle, useful for analyzing immediate buying or selling pressure within a smaller timeframe. Importance of Delta in Trading: -Trend Identification : Positive delta in a rising market suggests strong buyers, confirming an uptrend. Negative delta in a falling market shows selling strength, confirming a downtrend. - **Divergence**: Delta divergence occurs when price moves in one direction, but delta suggests the opposite (e.g., price goes up, but delta shows negative values). This can be an early sign of a potential reversal. Reversals and Exhaustion : Sharp changes in delta, such as a large increase or decrease, can indicate that a market is exhausted and about to reverse. Delta is primarily used in futures, options, and other exchange-traded markets where the order flow and volume data are available.
PEPPERSTONE:XAUUSDShort
by XAUUSDANALYST
Gold Surges Strongly, Conquering Unprecedented HeightsHello everyone. How is gold performing today? Let's discuss! Geopolitical tensions, especially the upcoming U.S. Presidential election, are driving the demand for safe-haven assets like gold higher. The global gold price has reached a new record and may continue to rise if the situation in the Middle East remains tense. Additionally, global monetary easing policies are also supporting gold prices. Gold is currently stable around $2,752, with the EMA 34 and EMA 89 acting as reliable support levels. After being supported at the critical $2,720 level, gold gained momentum but paused to accumulate at the resistance zone of $2,739. However, with its strong uptrend, gold is expected to surpass this resistance and aim for the next target of $2,770. With the current strong supporting factors, gold has a very bright outlook. However, investors should closely monitor market developments and be ready to adjust their portfolios to cope with potential risks.
OANDA:XAUUSD
by Alisa_Rokosz
Gold Intraday PlanGold prices extended gains in yesterday trading session for the fifth day out of the last six and reached an all-time high at 2,748, just below of the psychological 2,750 mark. Geopolitical tensions and expectations that the Federal Reserve would continue to lower borrowing costs are helping gold bulls right now. As per price action gold price Invalidated the Gravestone doji pattern that was formed in Monday trading session and sustaining the price over to major support area 2738-40 (As visible on Volume profile).Today price opened with small gap down which is indication that the current over extended bull run is somewhat exhausting and need a break/ pause ,so selling with calculated risk is seems to be favourable at current elevated levels and if price breakdown this support area on volume profile then we can expect a good correction towards 2700 or low.
OANDA:XAUUSDShort
by iambalramkashyap
Short Term Gold Correction/profit booking/ Short Covering ExpectGold has been rising steeply from 2635 till 2745 strongly without breaching once the trend line created. This is not usual activity. The Political equilibrium which is totally disturbed due to war zone created between middle east, is at core to boost the reason for gold to spike up !. On the contrary, if the gold rally has to survive the gold rally ok 105$ and counting up has to book certain profits and halt its upward trajectory. Several factors can contribute to a steep upward rally in gold prices. These include: Geopolitical Tensions: Conflict, war, or heightened global political instability can push investors towards gold, a traditional safe-haven asset. Any uncertainty can lead to a surge in demand for gold, driving up prices. Inflation: When inflation rises, the value of fiat currencies tends to erode. Investors turn to gold as a hedge against inflation, increasing demand and boosting prices. Interest Rates: Lower interest rates tend to drive gold prices higher, as the opportunity cost of holding non-yielding assets like gold decreases. Central bank decisions to cut rates or maintain loose monetary policies can trigger gold rallies. Currency Fluctuations (USD): Since gold is priced in U.S. dollars, a decline in the dollar's value often results in higher gold prices. A weaker dollar makes gold cheaper for holders of other currencies, increasing demand. Economic Data: Poor economic data, such as weak employment figures, low GDP growth, or decreased consumer confidence, can spur gold buying as investors seek stability. Central Bank Gold Purchases: When central banks increase their gold reserves, it can signal confidence in gold as a store of value, leading to higher prices. Large-scale purchases can directly impact market demand. Stock Market Volatility: When equity markets experience significant downturns or volatility, investors often flock to gold as a defensive asset, leading to price rallies. Financial Crises: During times of global financial instability or banking crises, gold becomes a go-to asset for investors seeking safety, contributing to strong price rallies. Supply Constraints: Limited mining output or disruptions in gold supply (e.g., due to strikes, political issues in mining regions) can contribute to higher prices if demand remains strong. Speculative Demand: Traders and speculators can drive prices higher in anticipation of the above factors, especially in times of uncertainty or market panic.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
Gold breakout came 2773-2784 1st Target support 2715 Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Word of Caution for GOLD buying, Retail should wait for retest. Let us break down, factors which are influencing the price movements in upward directions. Geopolitical Factors Middle East Conflict (Israel-Palestine War): Ongoing tensions and conflict in the Middle East have heightened risk sentiment globally. Investors often turn to gold as a safe-haven asset during geopolitical instability, increasing demand and driving up prices. Uncertainty around the potential for broader regional escalations could continue to support gold’s upward momentum. US-China Relations: Trade tensions, technological competition, and military posturing between the US and China remain a persistent concern. Any deterioration in relations may boost demand for gold as a hedge against market volatility. Russia-Ukraine Conflict: Continued uncertainty from the Russia-Ukraine war is sustaining higher demand for safe-haven assets like gold. Sanctions on Russia, especially in the energy sector, also contribute to inflationary pressures globally, indirectly affecting gold prices. US Debt and Fiscal Policy: The US government’s handling of its debt ceiling and budget deficits is closely watched. A looming fiscal crisis could spur fears of inflation or recession, increasing gold’s appeal. Global Inflation Concerns: Rising inflation in major economies due to persistent supply chain disruptions and energy prices (partly due to geopolitical conflicts) pushes investors toward gold as an inflation hedge. Summary Geopolitical tensions (e.g., Middle East conflict, US-China relations) are driving gold’s safe-haven demand. Inflationary pressures due to conflicts and supply chain issues also support higher gold prices. These factors are contributing to volatility and increased interest in gold, with technical analysis helping traders navigate the current uncertainty.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
2
Word of Caution for GOLD buying, Retail should wait for retest. Let us break down, factors which are influencing the price movements in upward directions. Geopolitical Factors Middle East Conflict (Israel-Palestine War): Ongoing tensions and conflict in the Middle East have heightened risk sentiment globally. Investors often turn to gold as a safe-haven asset during geopolitical instability, increasing demand and driving up prices. Uncertainty around the potential for broader regional escalations could continue to support gold’s upward momentum. US-China Relations: Trade tensions, technological competition, and military posturing between the US and China remain a persistent concern. Any deterioration in relations may boost demand for gold as a hedge against market volatility. Russia-Ukraine Conflict: Continued uncertainty from the Russia-Ukraine war is sustaining higher demand for safe-haven assets like gold. Sanctions on Russia, especially in the energy sector, also contribute to inflationary pressures globally, indirectly affecting gold prices. US Debt and Fiscal Policy: The US government’s handling of its debt ceiling and budget deficits is closely watched. A looming fiscal crisis could spur fears of inflation or recession, increasing gold’s appeal. Global Inflation Concerns: Rising inflation in major economies due to persistent supply chain disruptions and energy prices (partly due to geopolitical conflicts) pushes investors toward gold as an inflation hedge. Summary Geopolitical tensions (e.g., Middle East conflict, US-China relations) are driving gold’s safe-haven demand. Inflationary pressures due to conflicts and supply chain issues also support higher gold prices. These factors are contributing to volatility and increased interest in gold, with technical analysis helping traders navigate the current uncertainty.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
Silver is going to continue the rally Up as Historic Trend showsChart Understanding: -- XAUUSD is price of 1 ounce of Gold in USD. Also known as Spot gold price chart. -- XAGUSD is price of 1 ounce of Silver in USD. Also known as Spot Silver price chart Spot Gold to Spot Silver price ratio of last 20 years shows how silver will trend in the near future. -- When graph goes down, Silver rises. Analysis -- Last time when silver was at an all time high $34 USD/ounce, the ratio was at 46:1. -- The ratio fell below the lower band and thus silver prices fell as mean reversion came to effect. -- This time, when silver is at $34 USD/ounce, the ratio is at 79:1. -- If mean reversion will happen this time, then it means silver still has a lot of price hike to catch to attain that. -- If ratio of 66 is to be attained, keeping gold price constant, the silver price needs to increase to $41.5 USD/ounce, which is an increase of roughly 23% from current price. As such, silver seems to be a better bet in the current uncertain times to give good returns compared to gold. The historical valuation of both precious metals show that silver has long been lost in the valuation race and has lot to catch. "A historical analysis by the World Gold Council shows that despite gold’s current higher market value, silver’s intrinsic value is higher due to its relative rarity — five times less abundant than gold (World Gold Council, 2023). As historical and intrinsic value factors realign, silver’s price could adjust to reflect its true worth, potentially exceeding gold’s value in the (distant) future."
OANDA:XAUUSDLong
by fvs99
2