xauusd 4hr chartA head and shoulders pattern has formed on the 4-hour chart, and it has broken out. So, I executed the trade based on the breakout retest. Let’s see what happens.
XAUUSD trade ideas
tich luy hay phan phoithi truong co 1 giai doan di ngang, nhung sau do gia se di chuyen theo huong nao ?
Gold Price Continues Downtrend After Breaking Upward Trend LineThe current gold price chart shows that there has been a breakout from the previous upward trend line, while the price is also falling below the EMA 34 and EMA 89, confirming the downtrend. With strong selling pressure after the breakout, there is a high possibility that the gold price will continue to decline towards the important support zone around $2,713/ounce.
For trading strategy, you can consider selling orders if the price fails to break above the EMAs, targeting the support zone near $2,713. Conversely, if the price stays above this support zone, there may be a short-term recovery before continuing the main trend.
XAUUSD: The Battle Between Support and Resistance!The XAUUSD chart highlights a clear “battle” at key price levels. Gold has just rebounded from the support at 2,734 and is approaching the resistance at 2,756 – a zone where sellers are strongly defending. The two EMAs (89 and 34) continue to act as “shields,” reflecting the ongoing downward pressure.
With selling force at resistance, the 2,734 support zone could serve as a crucial pivot to determine the next trend. For now, monitoring price reactions at these levels provides a clearer view of market behavior without the need for distant predictions.
Investors are closely watching U.S. election uncertainties and the Federal Reserve’s policy path.
#XAUUSDDeep adjustment rhythm, awaiting the upcoming opportunityMarket outlook for Gold trading during the European-American session on November 1, 2024:
Yesterday saw a profit-taking adjustment that was anticipated. This adjustment will be quite strong, and we should wait for a good entry point to implement our upcoming hold strategy.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2760-2765 and 2770-2775.
BUY zone: 2725-2730, 2710-2715, and 2680-2685.
Recommended orders:
Plan 1: SELL XAUUSD zone 2660 - 2662
SL 2665
TP 2657 - 2650 - 2640 - 2630 -open
Plan 2: SELL XAUUSD zone 2773 - 2775
SL 2778
TP 2770 - 2760 - 2750 - 2740 - open.
Plan 3: BUY XAUUSD zone 2711 - 2713
SL 2708
TP 2716 - 2720 - 2725 - 2730.
XAUUSD Trade setup for 01-11-2024 #Goldsetup #XauusdRocksKeylevels are between 2757.46 to 2743.33 play between these levels before NY
there is a weak support at 2748.96
Always use Stoploss
Dont add layers in between, add only at levels.
Cheers!!
"Gold Trading Zones for October 31, 2024: Key Buy & Sell Levels!In this chart:
Red levels indicate selling levels.
Green levels indicate buying levels.
These levels can guide entries and exits for trades in the Gold Spot/USD market.
XAUUSD ALL TIME HIGHHH?????!!!! 2800!!!????XAUUSD LONG only when price come to my entry world is following trend follow it
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.
XAUUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Xauusd looking good for short Gold is looking good for a downside in 1hr timeframe till daily FVG and if breaks then till daily demand. You can take entry on 5 min timeframe and manage your trade according to your risk reward.
#XAUUSD #Forex
#trading
XAUUSD in BUY CMP 2637 SL 2613 Price target 2703 & 2749As per 4H Chart, Gold is showing upside momentum, I entered into position at 2637 and SL of 2613 with Price target of 2703 and 2749
Stay on Comment section for Trailing Stop and reverse
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
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.
XAUUSD 15M BUY PROJECTION 22.10.24Reason for Bullish
Gold can be a safe-haven asset. Investors often buy gold to protect their savings in the event of a market crash. For example, the price of gold went up by more than 100% between 2008 and 2012, the height of the financial crisis
Gold : Due for correctionGold prices hit another record high during US session, yet it paused its advance amid elevated US Treasury bond yields and a strong US Dollar (But gold ignored the DXY move completely in last week).
On daily close as per price action we can see a gravestone doji which can open door for correction. So for today the plan is to sell under last day high , we can sell near CPR area(2722-2727) or wait for pullback to daily R1(2735) for possible sell opportunities, On lower side as you can see that price is currently in over elevated region and price did not tested the weekly pivot(2694) , so first we can expect a test at weekly pivot for this correction and then we have to watch how price going to react there .
GOLD | XAUUSD Chart PatternGold has been in a good uptrend in every new session it makes new all time high so at this point i think we should wait for pullback and then enter to gain profit , 2716-2713 is the good support zone if price is rejected at this zone then we should go long , wait for candlestick pattern for better entry.
Resistance i am looking in goldNot any financial advice, i already took entry around 2680 exited early made new entries around 2700-2705 ....gonna trail upsides ....and might book partials i am looking at this points for resistance or retracements ....according to timeframe and closings in timeframes ....let's see OANDA:XAUUSD
Gold Conquers New HeightsHello everyone! How is the gold price doing at the moment? Let's analyze it with Alisa!
Global gold prices continue their impressive upward trend, with spot gold recording a gain of $2.3 compared to last weekend, reaching $2,723 per ounce. Last week witnessed one of the strongest and most sustained price increases for gold this year.
Gold is showing an extremely positive technical outlook. With the moving average pointing upward and technical indicators supporting the bullish trend, gold is ready to conquer new heights. The $2,607 support level acts as a solid cushion, allowing gold to easily break through the $2,730 resistance and move toward the $2,800 target.
So, what do you all think about today’s gold price? Will the upward momentum continue?
Gold as expected upmove continue 2773-84 resistance 2699 supportDisclaimer -
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
XAUUSD WEEKLY BUY PROJECTION 19.10.24Reason for Bullish
Gold hit a record high last month. Goldman Sachs analysts think it's not done rising.
1
The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over the $2,525 high on Aug. 27.
2
CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.
