Gold Seems BullishXAUUSD is currently Resistance Level if it breaks this then we can see new all time high level, if it fails to do so we have to watch its price behaviour in minor support level.
XAUUSD trade ideas
Gold Trend 21/10Gold prices exceeded our expectations last week. They broke above the previous high of 2685 without any influence from major economic data or news, closing the week at a new high of 2722 before the weekend.
Early last week, gold prices continued to carry the upward momentum from the US inflation data from the previous week, jumping to the resistance at 2670. Although it was not a major market focus, weak US manufacturing data on Tuesday led to a technical breakout of the descending resistance line(1), triggering a round of buying that quickly pushed prices to the previous historical high of 2685.
After the ECB chopped the 0.5% rate and the release of US retail data on Thursday, the gold price cleared the resistance from the previous high of 2685, where the buying momentum carried on until Friday's market close. As the Asian session opened on Monday, funds continued to flow in, so far no clear signs of a reversal yet.
Last week, the gold market shook off the influence of the US rate cut and the recent geopolitical factors, and the overall investment market is gradually being driven by the upcoming US election and its associated uncertainties. With the current market condition, "Trump trade" or not, the gold market, US stocks market, or cryptocurrencies, will be relatively bullish before the election date.
1-hr chart (above) > The upward trend is still accelerating, shifting from last week's trend line (3) to a faster pace at (3.1). With gold prices hitting new highs, there are no previous prices to use as references. In the S-T, watch out for the round number of 2750; and a 1:1 projection from the previous week's high/low range (4), with a target around 2765 (4.1).
Daily Chart > Gold prices broke through the key resistance at 2685 last week (5), reigniting the upward trend. The daily chart has not shown any reversal signals yet, so in the S-T, watch for resistance around 2750 near the upper resistance of the uptrend channel(6).
Gold on Rise Again confirms ORderFlow Delta.Gold prices today, October 21, 2024, have experienced a slight upward movement. Gold is trading around $2,657 per ounce, with a 0.91% rise from the previous trading session. Several factors are influencing gold’s direction today:
Global Economic Concerns: Ongoing geopolitical tensions and concerns over global economic growth are leading investors to seek safety in gold. The price is also supported by uncertainties surrounding oil prices and potential disruptions in supply chains.
U.S. Dollar Movements: A modest rise in the U.S. dollar index is being counterbalanced by a global demand for safe-haven assets like gold. A stronger dollar typically pressures gold prices, but today's dollar movements seem to have a limited effect.
Inflation and Interest Rates: Investors are closely watching signals from the U.S. Federal Reserve regarding future interest rate decisions. Although gold typically suffers when interest rates rise, persistent inflation concerns are keeping the metal appealing as a hedge.
Deep xauusd analysisHere from this level gold will show bearish trend for a target of 250 pips all you aleeady know it’s all time high level here just gold only have downtrend to move
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 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.
tich luy hay phan phoithi truong co 1 giai doan di ngang, nhung sau do gia se di chuyen theo huong nao ?
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.
How we made Tonns of Money 2020 to 2024Friends i am attaching my previous chart on Gold with forecast made as $3100
Today we made tonns of Money staying in the trend and beliving our Method & Theory
Today you should understand that one must have an matured method of trading along the side
trusting the trade to get the Benefit of Maturity ,
Most make decisions fast entry and exit which may result in low Growth
Hope you will learn in future about the methods of Market
Good luck
attaching chart
Traps in Forex.Traps are very common moves played by big players at accumulation and distribution levels. They do so to grab the liquidity from retail traders. Liquidity grab is done by SL hunting of retail traders, and for SL hunting traps are being lay by fake breakout or breakdown of support or resistance level ( also known as accumulation or distribution level in western style). But, as a trader this traps can be played smartly by retail to gain some good move. I have attached a snapshot of my few trades from last month. I have mentioned how I traded those traps.
Note: I have prepared this analysis today to post it for learning purpose. I don't remember my exact entry and exit price.
Gold 2715 Target hit book profit on but trade avoid carry farwadDisclaimer -
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 day trading analysis for education Day trading can be a valid source of income when you invest wisely and make a profit. However, psychological factors like greed and overtrading can lead to losses, while market makers and institutional professionals profit from those mistakes.
To succeed, trade wisely and aim for consistent profits, whether daily, weekly, or monthly.
For example:
A smart gambler rarely loses because they possess an intelligent mind, as well as more information and knowledge.
Goodnight. I have closed my last trade for this week. Let’s see what happens with gold next week as I follow the price.
I will post perfect analysis with holiday.
Next analysis market behaviour of strength
gold boom as per my idea previously shared gold anaylysis get in our direction sell . now booommmmmmmmm dont take losses
Xauusd analysis The previous high has been broken, and the market has created higher highs (HH) and higher lows (HL), indicating a possible continuation of the bullish trend. It made a new high yesterday, and the market still shows bullish momentum, with a potential target in the 2750-2800 range. Upcoming economic data releases could influence gold price movements.
Note: This analysis is based on current trends and is not a guarantee.
Good evening
gold sellthe b est opportunity to catch the reversal trade of gold ..................dont miss gold at very crucial level
gold spot crucial update edu pur.gold spot now broken 2700 or fireddd now have to eyes 2700$ if hold abv than nxt up side move 2722--30 than after 2745$ possible where support 2690$ only blw looks some downward correction till 2684--80$ over all looks still up side due to speculator or middle east tension--- yes intrday base blw 2713 looks dwn ward correction 2705--2702-2695$
Gold renews all-time high within bullish channel, $2,750 eyedGold prices soared to a record $2,710, marking four days of gains as investors flock to safety. Despite a stronger US dollar, gold has remained within a rising trend channel for the past three months.
Caution Ahead
While the bulls celebrate breaking through a three-week-old resistance level, the momentum indicators suggest a potential pullback. With the RSI nearing overbought territory, we might see a brief dip before another surge in prices.
Key technical levels to watch
Gold’s next challenges lie at the 50% and 61.8% Fibonacci Extension (FE) of the bullion’s September-October moves, respectively near $2,711 and $2,736, especially amid nearly overbought RSI conditions. In a case where the precious metal remains firmer past the $2,736 hurdle, the aforementioned bullish channel’s top line surrounding $2,750 will be a tough nut to crack for the buyers. A breakthrough there could spark a rally towards the psychological $3,000 mark, with potential resistance around $2,800 and $2,900.
On the contrary, Gold’s price has solid support at the $2,700 level and the 38.2% Fibonacci Extension around $2,686. If it falls below these, watch for a key support zone near $2,665, where the late September resistance and the 10-day EMA converge. Should XAUUSD bears keep the reins past $2,665, the channel’s bottom line of near $2,630 will be the last defense of the buyers.
Buyers are likely to stay in control despite a potential pullback
While a short-term pullback in gold prices appears overdue, the overall bullish trend is expected to hold strong due to global economic and geopolitical uncertainties.
Gold above 2700Gold breakout psychological level of 2700 and now trading above this level after Chinese data ;as per my view buying at these elevated levels is risky (Same goes with sell also : sell is also risky but with proper MM sell seems to be more favorable as per volume distribution ) : So my plan is to sell at every Intra day resistance as per Pivots (R1:2702,R2:2711,R3:2725 and weekly R3: 2734).
XAUUSD SHORT!!???????SELLERS ARE GONNA PUSH THE MARKET DOWN. Till 2682/83 set the perfect selling and enter it till there
Gold until 2668 not break buy on dip 2715,2728 Target 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
