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XAUUSD trade ideas

GOLD SHORTING OPPURTUNITY 31 OCT 2024Gold Analysis and Trade Strategy Gold has recently broken through a major support zone, closing decisively below it. This shift signals potential selling opportunities if the price consolidates and shows a strong short setup around key retracement levels. Trade Setup: Preferred Entry: Look for price to retrace to an order block region, providing a tight stop-loss option. Confirmation: Observe the 15-minute chart. Wait for price rejection at our levels, accompanied by a series of lower lows. Once all conditions align, consider entering the trade for an optimal risk-to-reward setup. 🔔 Like, comment, and follow for more gold trade insights!
OANDA:XAUUSDShort
by munmeeth
Short-Term Gold Price Forecast Ahead of US ElectionsIn the short term, gold prices may continue to fluctuate in a narrow range around $2,730 - $2,740/ounce as investors temporarily stay on the sidelines waiting for the results of the US presidential election and the FED's policy announcement on November 5. With major events like the presidential election, the market often witnesses strong fluctuations, so if there are any signs of instability in the election results, the demand for safe haven gold may increase, pushing gold prices up again. In addition, if the FED actually cuts interest rates by another 0.25%, the USD may weaken, creating conditions for gold prices to increase in the short term. However, if the FED's policy is not as predicted or the election situation goes smoothly, gold prices may maintain a slight downtrend, returning to test lower support levels around $2,720/ounce.
OANDA:XAUUSD
by Angela_baby
3
Daily analysis for gold 4/11/2024OANDA:XAUUSD Good day! With the U.S. election tomorrow, gold’s likely to be pretty volatile. Right now, selling pressure seems strong, with limited upside for buyers. If you’re solid on risk management, consider shorting around the Current market price 2741 Or 2743-47 range, keeping a stop loss above 2752 Targeting 2720. Be cautious though – uncertainty can cause some big wicks. Only look to buy above 2760. Trade safe! Sell:- Current price 2740 or 2743-47 Target 2720 Sl above 2752 Buy:- Only if gold breaks 2760. Valid only for today !!
PEPPERSTONE:XAUUSDShort
by sparkrlight
Gold is under pressure on Intra dayGold price is still in range ,The US Dollar Index gains ground as early exit polls increase volatility and seems like that the rise in DXY adding pressure on gold , Gold price is hovering over to Gann -90° Level (2737) from the beginning of the week. In higher side the weekly Pivot (2750) is acting as resistance and under this level price can make a move in down side. In down side we have to watch price action at Gann -120° Level (2720) , weekly Pivot 2710 and 2700 for possible buy opportunities (On confirmation on Higher time frame). For Intra day selling seems to be good as of now.
OANDA:XAUUSDShort
by iambalramkashyap
Gold Price Potentially Bearish Ahead of US ElectionOn the current chart of gold price, we can see a potential pattern for a short-term bearish trend. After peaking at nearly $2,780/ounce, the price has started to decline and is currently trading within a bearish channel. The slight bounce this morning could be just a temporary move before continuing the bearish trend, especially since the price has broken the EMA 34 and EMA 89 and is currently under pressure below these EMAs. Currently, with the US presidential election and the possibility of the FED adjusting interest rates in the early morning of November 7, the gold market could be volatile. If the FED decides to cut interest rates by another 0.25%, there is a high possibility that the USD will weaken, which could create conditions for gold prices to increase again. However, in the short term, if gold prices continue to face resistance in the falling channel, the possibility of falling below the support zone of $2,720/ounce is still a potential scenario.
OANDA:XAUUSD
by Angela_baby
2735$ still a strong support zone.below 2735 expect a downfall.If Donald Trump were to win the U.S. election, the potential impact on gold prices could unfold through several channels: Market Volatility: Trump's policies, especially regarding trade and foreign relations, have historically introduced volatility to the markets. This unpredictability can drive demand for gold as a safe-haven asset. Dollar Strength: Under Trump's administration, a focus on trade protectionism and "America First" policies led to fluctuations in the dollar. A weaker dollar typically supports gold prices, as gold becomes cheaper for buyers using other currencies. Inflation Expectations: Trump's emphasis on fiscal spending, especially on infrastructure and tax cuts, could heighten inflation concerns if reintroduced. Rising inflation expectations often drive up gold prices as investors seek a hedge. Interest Rates and Federal Reserve Policies: Trump previously supported low interest rates, which can benefit gold by making it more attractive compared to interest-bearing assets. A sell zone on GOLD is visible below 2735.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
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.
OANDA:XAUUSDShort
by okako_trading
GOLD SL LEARNING 4TH NOVIn our recent trade, we observed gold holding below a key order block while consistently forming lower lows, unable to break previous highs. This behavior often signals potential for a buyer trap. Based on our strategy, we noted two critical indicators of a trap: Double Bottom Pattern: When gold forms a double bottom near the lows, it’s often an 80% probability trap for buyers, encouraging premature long positions. Trendline Breakouts: A breakout without breaching highs can also act as a setup to lure buyers, especially when price aligns with an order block. Trade Execution Plan price was at order block , our plan was to enter short once gold broke the recent lows, expecting the setup to confirm the downward momentum and trap buyers who anticipated a reversal. We had solid confirmation across the 1, 3, and 5-minute time frames. However, after entry, a bullish engulfing candle formed on the 15-minute chart, pushing price into sideways movement and eventually hitting our stop-loss. Market Context & Takeaways In volatile markets, it’s challenging to wait for higher time-frame confirmations as the market moves quickly, demanding timely risk-taking. Losses are part of the process, and our strategy remains sound with consistent results. In the last 7 days, I’ve recorded only 2 stop-losses, with all other trades hitting take-profit targets. For more insights, follow for updates on trading lessons and setups.
OANDA:XAUUSDShort
by munmeeth
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.
OANDA:XAUUSDLong
by Will_ll
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 munmeeth
Gold levels for Trading Day 5th November 2024Gold Trading Strategy: Buy Above 2,744 / Sell Below 2,723 Current Price: 2,733.00 USD Key Levels: Buy Signal: If the price closes above 2,744 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,723 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,733.00 USD, just above the sell signal level. The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 2,4200 to 2,4250 levels, which could act as support. Recommendations: Buy: If the price sustains above 2,744 on the one-hour candle close, consider entering long positions with targets at 2,760 and 2,780. Sell: If the price breaks below 2,723 on the one-hour candle close, consider short positions with targets at 2,700 and 2,680. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
Positive Delta formation of past week !We can see there is positive delta formation on past week's daily candle, but we can see today there is negative delta formation on Monday candle which is yet green in formation, but has negative sentiment on buyer accumulation as its in contrast. The current daily time frame candle is in constant compression format. which means buyers did try to take a high tall from yesterdays lows but the current market is not able to cheer up the price any further hence resulting on negative delta formation. Current recommendation is Buy only if price breaks today open high price with SL as todays candle low.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
#XAUUSD/H4 Gold cools down, risks and opportunities.Market analysis for XAUUSD gold trading on November 4, 2024: At the end of last week's trading session, the gold price closed at 2735. This confirms the price adjustment trend of gold. It is likely that this adjustment will not be as deep as the previous one. Today's trading trend: SELL. Key price levels to pay attention to: SELL zone: 2750 - 2755, 2765 - 2770, and 2780 - 2785. BUY zone: 2725 - 2730, 2715 - 2720, and 2702 - 2707. Recommended orders: Plan 1: SELL XAUUSD zone 2755 - 2757 SL 2760 TP 2752 - 2745 - 2730 - 2720. Plan 2: SELL XAUUSD zone 2765 - 2767 SL 2770 TP 2762 - 2755 - 2740 - 2720. Plan 3: BUY XAUUSD zone 2717 - 2719 SL 2714 TP 2722 - 2730 - 2740 - 2750.
TVC:GOLD
by ifjugapt
Gold Price on October 30, 2024: Reaching a New RecordAs I predicted yesterday, gold prices have reversed and surged sharply. This increase is driven by concerns surrounding the U.S. election, tensions in the Middle East, and expectations that the Federal Reserve (Fed) will cut interest rates in November. All these factors have propelled gold to an all-time high. Furthermore, the intensifying competition between Donald Trump and Kamala Harris ahead of the November 5 election has also contributed to this upward momentum. Examining the technical chart, gold is trading around 2,778, up by 0.1%. In an upward price channel, gold is gaining momentum, moving towards new targets. If this trend continues, gold may conquer the next resistance levels, with the 2,800 mark within sight. Technical indicators like the RSI and MACD are also showing strong buy signals, further strengthening the positive outlook for this precious metal. Does anyone else share my prediction? If you have more solid insights, feel free to comment and let me know!
OANDA:XAUUSD
by Alisa_Rokosz