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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.
OANDA:XAUUSD
by Trade-Technique
1
"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!
OANDA:XAUUSD
by XTrap_000
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?
OANDA:XAUUSD
by Alisa_Rokosz
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
OANDA:XAUUSD
by XTrap_000
7
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.
OANDA:XAUUSD
by XTrap_000
Gold Price Surges UnexpectedlyHello everyone, this is Alisa. Today, let's join me in updating the latest developments in gold! The gold price surged significantly, reaching 2,644.18 USD/ounce. The main driving force came from the U.S. inflation data released this morning. Specifically, the U.S. Consumer Price Index (CPI) increased by 0.2% in September, which was lower than expected. This eased inflationary pressure and prompted investors to pour money into gold as a safe-haven asset. Observing the 1-hour technical chart, Alisa noticed that the price within the channel had gained strong upward momentum. This was truly a rebound after a brief period of decline for the metal. With support at 2,628, gold’s upward trend has resumed. Additionally, technical indicators like RSI and Stochastic are also giving buy signals. What a volatile day! How about you all? Do you think gold will rise or fall?
OANDA:XAUUSD
by Alisa_Rokosz
Gold: Bulls seek $2,647 breakout and US data validationGold prices continue to recover after the US inflation data, despite staying within a two-week bearish trend. Early Friday, buyers look forward to the first readings of the University of Michigan Consumer Sentiment Index and Consumer Inflation Expectations for October, along with the September Producer Price Index (PPI). Bulls brace for fresh record high Whether it's the US Dollar's muted reaction to better-than-forecast Consumer Price Index (CPI), optimism around potential stimulus from China, or expectations of softer US data, gold prices aim for a fresh all-time high. Technically, the recent breakout above the 100-SMA, bullish MACD signals, and a positive RSI (14) reinforce the upward momentum. Technical levels to watch Among the key technical levels, $2,647 gains immediate attention as it comprises the top of the bearish channel, a break of which will defy the fortnight-long bearish chart pattern. Following that, the precious metal’s quick jump toward the all-time high surrounding $2,685 can’t be ruled out. Moreover, a clear breakout past $2,685 would signal strong momentum for gold buyers, potentially paving the way for a rise beyond the $2,700 mark. On the downside, the 100-SMA at $2,636 provides immediate support for gold prices, alongside an upward-sloping trend line from early August near the $2,600 mark. If XAUUSD falls below $2,600, the focus will shift to the bottom of the bearish channel and the 200-SMA, which are near $2,595 and $2,580, respectively. Notably, if prices break below $2,580, gold could enter a short-term bearish trend, potentially targeting the $2,540-$2,530 range. Upside looks promising With expectations of lower Fed rates and potential softness in upcoming US data, combined with bullish technical indicators, gold prices seem poised for upward movement. This bullish outlook could change only if the US statistics challenge the likelihood of two more rate cuts from the Federal Reserve, which would negatively impact the US Dollar—an outcome that appears unlikely.
OANDA:XAUUSD
by MTradingGlobal
Gold : Ready for another rallyAs discussed since the beginning of this week that every Dip is a buying opportunity on gold, gold seems to following that and yesterday trading session after CPI numbers gold printed a good positive day closing and now trading above weekly S1 , Weekly S1 was acting as resistance on Intra day. For today the daily CPR relation is positive and price opened with a little gap on CPR (Virgin CPR) this is indication that price is in good bullish momentum right now and if price hold above weekly S1 (2626) then bulls can target weekly pivot on Intra day (2650). .
OANDA:XAUUSDLong
by TheGoldenCircle
6
GOLD with delta of 1.2K on 15 min time frame what does it mean ?What is Delta? Delta = Buying Volume – Selling Volume. It is used to measure the net buying or selling pressure during a specific time period. A positive delta, like 1.2k, means more aggressive buying (market orders hitting the ask price) compared to selling (market orders hitting the bid price). Implication of 1.2k Delta on a 15-Minute Chart: This strong positive delta suggests that buyers were aggressively pushing the price upward in that 15-minute window. It reflects significant demand for gold, with more buyers willing to take action at market prices. If this delta occurred around a key level, such as $2600 or after a significant bullish pattern like the bullish engulfing you mentioned earlier, it reinforces the strength of the move. Why Does Delta Matter? Order Flow Insight: Delta provides insight into the underlying order flow, showing whether buyers or sellers are more dominant. A 1.2k delta in a short time frame is considered quite large, meaning there was a clear imbalance between buyers and sellers in favor of buyers. Momentum Confirmation: When combined with price action, such a large delta could signal a continuation of the current trend or a breakout. In this case, if the price was already rising, the large delta supports the idea that the upward momentum will likely continue. Context with Price Action: If the price of gold was rising from $2600 to $2627, as you previously mentioned, this 1.2k delta would confirm that the rally was supported by actual buying pressure, not just a lack of selling. This makes the upward move more sustainable. If this delta occurred near the beginning of the $27 rally, it might have signaled the start of the price breakout. Conclusion: The 1.2k delta on a 15-minute gold chart indicates that there was a strong influx of buying during that period. This is a clear signal of bullish momentum, especially if it coincided with the price moving upward, as it shows buyers were aggressively pushing the market higher. This kind of volume imbalance often precedes or accompanies sharp price moves in the direction of the prevailing trend.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
2600 $ Defence Levels 1) The bullish engulfing at $2600 on the daily chart signals a potential reversal or continuation of the upward trend, making $2600 a critical support level. 2) The rally from $2600 to $2627 on the 15-minute chart shows that once $2600 was confirmed as support, buyers aggressively pushed the price higher within a short time frame. { Scalping Opportunity: For short-term traders or scalpers, this intraday rally provides a significant opportunity, especially in fast-moving markets. The 15-minute time frame would be ideal for entering trades after confirming the trend on a larger time frame like the daily chart.} 3) This movement indicates strong bullish sentiment and could lead to further upside in the short to medium term. Daily Confirmation: Since the pattern is on the daily chart, it holds significant weight, suggesting a possible larger move in the upward direction. Significance at $2600: If this pattern occurred at the $2600 level, it indicates that buyers are defending this key support level. The strong bullish momentum implies that $2600 is a demand zone, where buyers stepped in after a period of selling pressure.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold Analysis October 10Fundamental Analysis Gold prices attracted some buyers on Thursday and now appear to have snapped a six-day losing streak to a near three-week low around the $2,605-2,604 region tested the previous day. However, the rally lacked bullish conviction and is likely to run out of steam amid growing bets that the Federal Reserve (Fed) will cut its benchmark interest rate by 25 basis points (bps) in November. This has helped the US Dollar (USD) maintain its recent strong gains to an eight-week high and will act as a drag on the non-yielding yellow metal. Traders may also prefer to stay on the sidelines and wait for the release of key US consumer inflation figures later in the North American session. The important US CPI report could influence expectations for the size of the Fed rate cut next month, which would boost demand for USD and provide some meaningful impetus to Gold prices. In addition, developments surrounding the ongoing conflicts in the Middle East will be looked at to capture short-term opportunities around the safe-haven precious metal. Technical Analysis The price range to watch for CPI trading strategies. The upper price range of 2626 and 2638 became one of the first major SELL zones in the Asian session yesterday. The 2638-2640 area is the critical zone of the EMA. The lower price range is focused on the US session around 2605 and the important breakout zone of 2594 will be notable in today's US session. This short-term downtrend is not over yet as the gold price has not been able to close the day above the 263x area. Wishing everyone a successful trading.
OANDA:XAUUSD
by TVS-Trader