#XAUUSD is expecting one pause...#Xausdgold is completing its 5th 3rd subordinate and now looking for small correction. as well it not able to cross 2686 we are looking for buy on dip.
I'm bullish but will buy at lower level.
GOLD.PRO.OTMS trade ideas
Gold Chart Pattern for 15 Oct 2024Gold is currently hovering in no trade zone for today its good to look for levels of 2653.630 to go long and support zone of 2643.400 to go for short , wherever it goes according to this we will get enough points.
Gold : Still looking goodDespite the strong Dollar Index gold doing good and currently trading near to All time high and still looking good to go higher, on technical basis also, If we watch the daily CPR formation , CPR is ascending for today also + gold price trading above weekly pivot (2640),So technically the price is still favourable for bulls and we can expect continuation in higher side as per this formation, yesterdays decline/ correction was not convincing enough for bears and I think it is normal corrective structure after a bullish structure and this correction can add more fuel for incoming bullish structure at least towards 2685.
In Lower side we have to watch weekly Pivot as major Level for continuation or reversal point .
Gold loses momentum: Will it drop further?Hello everyone. Today, let’s join Alisa in predicting gold prices!
Gold prices have plunged under pressure from several unfavorable factors. The strengthening U.S. dollar has made gold less attractive compared to other assets, prompting investors to exit the gold market. At the same time, the strong recovery of the U.S. stock market, with significant gains in major indices such as the Dow Jones, Nasdaq, and S&P 500, has attracted investment flows, adding further pressure on gold prices.
Gold is facing downward pressure at the $2,650 per ounce level on the 4-hour chart, dropping $15 per ounce compared to the previous session's peak. The strong resistance level at $2,660 per ounce is limiting the rise of this precious metal. If it fails to break through this resistance, gold prices may reverse and retest the support area around $2,607 per ounce.
What about you? Do you think gold will go up or down?
"Gold Short Alert: 16 Points Banked from the Predicted Drop!""Just as predicted a day or two ago, the market reacted sharply from the selling levels I marked, resulting in a massive selling move! 16 points captured on this drop for those who were ready to act. How many of you caught this move and made a profit? Let me know in the comments!"
"Gold Trade Success: 22 Points Banked on Key Support Bounce!""In today's gold trading, a solid 22 points were booked on the buying side, thanks to our precise levels that delivered as predicted. We marked a sharp move upward from the identified support zone around 2,650.204, with price action hitting the upper resistance levels. This powerful surge reflects how key levels can drive consistent gains. Stay tuned for more impactful trades!"
Gold Fueled by fear not for buying volumesToday, gold is showing strong upward momentum, fueled by multiple factors. Geopolitical tensions, particularly in the Middle East, have increased gold's appeal as a safe-haven asset. The ongoing conflict between Israel and Hamas has escalated, pushing investors toward gold, which is seen as a stable store of value during times of uncertainty. In addition, central banks, especially in China and the Eurozone, are adopting more dovish monetary policies, which further support gold prices by keeping interest rates low and driving demand from investors looking for alternatives to low-yield assets.
Technically, gold has broken significant resistance levels. Prices are currently hovering around $2,685 and are expected to test the $2,700 mark soon. Analysts suggest that if gold sustains its price above $2,685, it could rally to $2,735 in the coming days. However, a pullback to around $2,625–$2,650 is possible if short-term exhaustion sets in, offering potential buying opportunities.
From a supply perspective, production challenges in major gold-producing countries like the U.S. and Australia are adding to bullish sentiment. With declining output and limited exploration activities, the long-term outlook remains favorable for gold prices.
In the near term, traders should monitor geopolitical developments and central bank policies closely, as these are the key drivers influencing gold's trajectory.
Gold Zone to Zone DoneWhat a Perfect reversal in Gold .
Zone to Zone trading Done .. Demand to Supply Zone. Again Rejection from Supply Zone in MCX chart. IF it falls then we can see a reversal trade till Demand Zone MCX chart.
Gold Price: Will It Continue to Soar or Plateau?Hello everyone, it's Alisa here. Today, let's analyze the gold price together! Will it rise or fall?
The gold market has experienced a highly volatile week with unpredictable developments. Pressure from geopolitical tensions and U.S. economic data caused gold prices to fluctuate. However, a wave of hope regarding the Fed adjusting its monetary policy helped gold recover strongly by the end of the week. The upward momentum has continued into the start of this week and is expected to maintain its stability in the new week.
Looking at the technical chart, gold is hovering around the 2,664 level. The price of this metal remains in an uptrend. With support at 2,645, gold is expected to be supported and rise, breaking through the key resistance level of 2,663 and aiming for a new target.
This is my thought, what about you? What do you think?
Gold if break Friday high then upmove will continue 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
"Gold Live Trade: Eyeing Key Breakout or Breakdown!"Gold is currently in consolidation, and we’re closely watching for a breakout above resistance or a drop below support. Keep an eye on the overall trend and price movement to gauge momentum. Our focus will be on capitalizing on any clear moves.
Gold Chart PatternGold opened gapdown this morning currently it's on point of swing ,may be it can pullback from here and we can see candlestick pattern from here but if it comes to support zone may be we can see upward momentum from there and we can easily make target for last high swing from there , but we've to carefully look for candlestick pattern from there to optimize our P/L.
XAUUSD’s Final Wave Completion – What’s Next?XAUUSD has formed a corrective pattern on the hourly chart, offering a potential breakout setup. The correction has spanned over two weeks, during which the price has frequently crossed the EMAs (50/100/200 ) on the hourly timeframe. Meanwhile, the 20 EMA has consistently acted as solid support on the daily timeframe.
The pair has completed its final wave 5 of wave (C) at 2604 and has since started to rise sharply. Currently, XAUUSD faces a strong resistance level at 2670 , which marks the high of wave (B). If the price breaks above 2670 , traders can target the following levels: 2685 - 2715 - 2735 +. If the breakout fails, the correction may continue, as 2670 is the key hurdle for the bulls to overcome.
Further updates will follow soon.
XAU/USD Bullish SignalXAU/USD breaking strong trendline with strong bullish candle and bullish rsi divergence seems promising.
Gold in sell Gold in sell but wait for monday...take if it's reverse or wait for this swing complete
"Gold's Danger Zones: Are You Prepared for the Next Move?"Gold Trading Analysis: Key Levels for Your Strategy
In this analysis, we focus on two critical levels for gold trading: 2665.624 and 2670.240. These levels are your danger zones, and you should only use them on the 15-minute timeframe.
Here’s how to approach it:
1. Breakout and Retest: Whenever you see a breakout at these levels on the 15-minute chart, wait for a retest before entering. This increases your chances of a successful trade.
2. Set Your Targets: After entry, aim for the next level as your profit target and enjoy the gains!
3. Avoid Large Candle Breakouts: If there’s a breakout with a large candle on the 15-minute timeframe, exercise caution. Such breakouts can lead to bigger stop-losses, increasing the risk of getting stopped out.
Your feedback is crucial! If you find my analysis helpful and are making profits by following these levels, please comment and let me know. Your support motivates me to provide more insights, so share how much profit you’ve made using these strategies!
Gold Target Gold id in continuous uptrend according to technical analysis. After small pullback it resumes its upward journey towards 2800. it made pole and flag pattern on 15 minute time frame and target of this is previous all time high that is 2685.
Gold price for 14/10/2024Please follow chart for entry and exit.
Price more likely go to the upside.
NOTE. This is only an idea NOT a financial advice.
GOOD LUCK
Gold Prices Surge: A Boost from U.S. InflationHello everyone. Today is Saturday. Let’s join me in predicting today’s gold prices!
Gold prices continue to rise and are currently hovering at $2,657. This marks the second consecutive session of gains, pushing the total increase of the precious metal to $50 in just two days. The main driving force behind this rise comes from the latest U.S. inflation data, strengthening expectations that the Federal Reserve (Fed) will lower interest rates in the near future. Additionally, geopolitical tensions in the Middle East have also contributed to the increased demand for gold as a safe haven.
Observing the technical chart, the gold price is drawing a very positive picture. With strong support at $2,638, the precious metal is showing a robust uptrend. If gold successfully breaks through the resistance level of $2,660, we can fully expect a powerful new price rally, opening up attractive opportunities for investors.
This is my analysis. What about you? Do you agree with me?
GOLD looking for a significant breakout.
2685 the current top is close to Daily BB High and Weekly BB High at 2700.
Daily StochRSI has completely reset at these levels.
Hope you have a solid position in Gold!
Expect the breakout here to swiftly take the price to 3000.
Live GOLD Trade! Alert! Gold ki live trade ko samajhne ke liye pehle kuch basic cheezein dhyaan mein rakhni padti hain. Gold mein price movements macroeconomic factors, global events, aur investor sentiment ke basis pe hote hain. Ek live trade setup ke liye kuch cheezein important hoti hain:
1. Trend Identification:
Pehle identify karna padta hai ki gold abhi kis trend mein hai — bullish, bearish, ya sideways. Iske liye technical indicators jaise moving averages, RSI, aur trendlines ka use hota hai.
2. Support and Resistance:
Gold ke critical support aur resistance levels ko identify karna zaroori hota hai. Yeh levels woh hote hain jaha price aksar ruk jati hai ya reverse karti hai. Aap apne marked levels ko isme utilize kar sakte ho.
3. Candlestick Patterns:
Candlestick patterns jaise Doji, Hammer, Engulfing patterns ka analysis karna hota hai, jo trend reversal ya continuation signal dete hain.
4. News Events:
Gold ki price ko affect karne wale news events, jaise U.S. dollar index, inflation reports, aur geopolitical tensions, ko dekhna zaroori hai.
5. Entry and Exit Points:
Live trade mein aapka entry point decide karna padta hai breakout, breakdown ya trendline touch ke time pe. Stop loss aur target ko fix rakhna zaroori hai. Maan lo ki agar gold ka breakout ho raha hai 1920 level pe, toh aap apne stop loss ko previous low pe set kar sakte ho aur target ko next resistance tak extend kar sakte ho.
6. **Risk Management
11 October Gold 99% Accurate Support & Resistance Levels 11 October 2024: 99% Accurate Support & Resistance Levels for Gold
The support and resistance levels provided here are designed to guide traders in identifying key areas for potential buy and sell positions in the market. These levels have been marked with a high degree of precision based on technical analysis and market trends, ensuring a 99% accuracy.
Key Points:
Red levels represent strong selling points, where price may face resistance and a downward move is expected.
Green levels represent strong buying points, where price is likely to find support, leading to a potential upward move.
By using these levels, traders can plan their entries and exits with greater confidence, managing their risk more effectively in Gold trading.
