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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 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
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 priceactiongold1
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 priceactiongold1
5
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.
OANDA:XAUUSD
by TheGoldenCircle
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.
OANDA:XAUUSDLong
by GAVIXH
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.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
#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.
TVC:GOLD
by ifjugapt
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.
OANDA:XAUUSD
by TheGoldenCircle
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
OANDA:XAUUSD
by GAVIXH
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.
FX_IDC:XAUUSDLong
by XAUUSDANALYST