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XAUUSDG trade ideas

#XAUUSD:Will Further Escalation In Middle East Support The BullsGold was retested on Friday after USD data came out in support of the USD. The DXY rose back strongly, leading many USD pairs to melt heavily. Furthermore, the gold price dropped to the 2633 region and then retested a few more times before ranging between 2633 and 2658. Now, since the last three daily candles closed with strong wick rejections, we believe the price is likely to continue going up, up until 2730. Fundamentals and technical analysis support our view since the ongoing conflict in the Middle East is likely to worsen in the coming days. That will likely raise concerns among investors worldwide. If you like the idea, please like and comment. Let's discuss the idea in the comment box.Gold was reassessed on Friday following the release of USD data that favored the USD. The DXY experienced a significant increase, causing several USD pairs to decline sharply. Furthermore, the gold price fell to the 2633 region and underwent multiple retests before fluctuating between 2633 and 2658. Given that the last three daily candles closed with notable wick rejections, we anticipate a continued upward trend in the price, potentially reaching 2730. Our perspective is supported by both fundamental and technical analyses. The ongoing conflict in the Middle East is expected to escalate in the coming days, potentially generating increased investor apprehension worldwide. If you find this analysis valuable, please indicate your approval by liking and commenting. We encourage a constructive discussion of this concept in the comment section.
OANDA:XAUUSDLong
by Setupsfx_
2
XAU/USD Analysis: Sideways Range and Awaiting BreakoutGold (XAU/USD) is currently in a sideways consolidation phase on the H4 timeframe, with price oscillating between key levels. After reaching a recent high near $2,685, the price has now settled around the $2,640 - $2,650 range. The market is awaiting significant catalysts, including key US labor market data later this week, which could trigger a breakout from this tight range. Key Levels to Watch: Support : $2,630 - $2,640. This zone has acted as a floor, where buyers have previously stepped in. Resistance : $2,665 - $2,685. A breakout above this level could pave the way for further upside momentum. Strategy : While Gold is currently moving sideways, traders should wait for a confirmed breakout either above resistance for a long position or below support for a potential short. A bullish breakout could target $2,700, while a break below $2,630 could signal further downside towards $2,600. Trade Plan: Buy: On breakout above $2,665, targeting $2,685 and potentially $2,700. Sell: On breakdown below $2,630, targeting $2,600. With important economic data ahead, it's critical to monitor both technical setups and fundamental news, as they will likely influence the next move. OANDA:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD
FOREXCOM:XAUUSD
by Trading_Zone_3773
Gold next week upside breakout possible 2705-2725 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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold XAUUSD bought at 2639 booked at 2663 we get 24 pointsprofitDisclaimer - 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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold : Before a Bull run a correction or reversalAfter a good sharp rally profit booking may drag it down to 2570 but if gold closes below 2510 then uptrend will be halted or reversed Short Gold @2647-2660 with stoploss 2686 tgt1 2570, tgt2 2510 Put Stoploss on closing basis. (In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series NOTE : I am not SEBI registered advisor in capital market. Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Please understand Risk in trading before taking any trade with your financial consult. I am only sharing my knowledge it may be right or sometimes wrong so I am not liable for any loss. Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's. Thank you.
TVC:GOLDShort
by maneeshaggarwal
1
Sebi's F&O Regulation May Hit 30% of Zerodha's OrdersMarkets regulator Sebi's decision to impose stricter regulations in the F&O segment could affect up to 60% of overall F&O trades and approximately 30% of Zerodha's total orders, according to CEO Nithin Kamath. He noted that if traders don't shift from weekly to monthly trades, the impact could be significant. Zerodha has not yet altered its pricing structure and will evaluate the need to increase brokerages once the new regulations take effect on November 20. Share your views on the comments.
FOREXCOM:XAUUSD
by ard-komercisto
Gold : Still Sideways Gold is stuck in sideways range this week, Price wants to go in higher side and getting help from the middle east war but DXY limiting the upside potential and currently running with good pullback and seems like going to close the week with good gain and targeting 103 now.....gold also extends its sideways consolidative price move in a familiar range held since the beginning of the current week and trading with no clear direction ... Today is week closing and we have High impact data (NFP) Nonfarm Payrolls (NFP) report might influence expectations about the pace of the Fed rate-cutting cycle. This, in turn, will play a key role in driving the US Dollar demand in the near term and provide some meaningful impetus to the gold price ; and with the continues war news gold price remains within striking distance of the all-time peak touched last week. From a technical perspective, the range-bound price action might still be categorized as a bullish consolidation phase against the backdrop of the recent strong runup to the record peak.On the flip side, the weekly low, around the 2,630-2,624 area, which coincides with a short-term ascending channel resistance breakpoint, might continue to offer support and act as a key pivotal point. A convincing break below might prompt aggressive technical selling and drag the Gold price below the 2,600 mark : For today it's better to wait and watch till we see a range breakout (Broad range 2630-2670-72) after data and then we can open position accordingly.
FX:XAUUSD
by iambalramkashyap
Gold: “Bullish Pennant” lures XAUUSD buyers on US NFP DayGold prices are starting to rise, reducing weekly losses on the first positive day in three. This reflects a market shift toward the traditional safe-haven asset as investors remain cautious ahead of the US employment report for September, particularly the Nonfarm Payrolls (NFP) data. Buyers remain in control Even though gold has lacked momentum over the past two weeks, it is holding above the late September breakout from a four-month trend line resistance, which now acts as support. The XAUUSD also forms a “Bullish Pennant” pattern, attracting buyers. The rising RSI (14) indicates strength, but the sluggish MACD and pre-NFP jitters are holding back immediate movement in the precious metal. Key technical levels to watch Gold's immediate focus is on the bullish pennant's resistance line, currently near $2,665, which poses a challenge for intraday buyers. Above that, the recent all-time high of $2,685 and the $2,700 mark will attract bulls. If gold trades successfully above $2,700, it could target around $2,735, which is the theoretical goal of the pennant. On the downside, support levels are set at $2,638 and $2,635, thanks to the pennant's bottom line and a long-term resistance-turned-support. Further down, an upward-sloping support line from early August and the 200-SMA will provide additional support for XAUUSD near $2,580 and $2,560, respectively. Gold bulls can overlook pullbacks Although US employment data may pose challenges for gold buyers, several strong support levels make it tough for sellers to regain control. This suggests that bulls can stay confident, even if prices experience a pullback—unless there’s a significant drop below the 200-SMA.
OANDA:XAUUSD
by MTradingGlobal
Gold Maintains Its Upward Momentum Despite Inflation Concerns Hello everyone! How are you today? Let's join Alisa in analyzing the gold price! Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East, remains intact. Therefore, gold continues to maintain its stable upward momentum. The 1-hour technical chart analysis reveals a clear bullish reversal in the 34 and 89 EMA moving averages, reinforcing short-term bullish expectations for gold. The strong support level at 2,655 further solidifies this trend. With these positive technical signals, I predict that gold prices will continue to surge and aim for higher price targets during today's trading session. What about you? What do you think about the gold price today?
OANDA:XAUUSD
by Alisa_Rokosz
XAUUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDXAUUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for breakC. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
Gold XAUUSD buy on dip until 2620 not break 2725,-2755 possible 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
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
GOLD again on defence stand for 2635 $. Gold oscillates in a tight range after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally. Technically, XAU/USD begins a leg lower within a tight range. Gold (XAU/USD) edges lower to trade in the $2,640s per troy ounce on Thursday as it continues its consolidate below the record high of $2,685 set last week. Sellers have the edge over buyers as bets fade that the Federal Reserve (Fed) will continue slashing interest rates aggressively in the United States (US), which, in turn, takes the shine off non-interest-bearing assets like Gold. Data out on Thursday backs up the view that the US economy is ticking over relatively well after Services sector activity showed a rise in September. The US ISM Services Purchasing Manager Index (PMI) rose to 54.9 in September from 51.5 in August, and beat estimates of 51.7, according to data from the Institute of Supply Management (ISM) on Thursday. The data showed the ISM Services Employment Index fell to 48.1 which was below the previous month’s 50.2. The ISM Prices Paid Index, meanwhile, showed a rise to 59.4 from 57.3 prior and 56.3 expected. The data came after S&P Global’s Composite PMI for the US fell to 54.0 from 54.2 and the same expected, and S&P Services PMI declined to 55.2 from 55.4 previous and the same expected in September. Gold's downside is limited, however, by support from two key factors: safe-haven flows into Gold due to the fear of an escalation of the conflict in the Middle East and the general trend lower in global interest rates – notwithstanding the Fed’s newfound caution – which enables Gold to still retain its overall attractiveness to investors. Gold stalls in its ascent as Fed backtracks Gold continues to see upside capped by seesawing expectations regarding the future course of interest rates in the US. From the chances of the Fed cutting interest rates by another double-dose 50 basis points (0.50%) again in November, standing above 60% last week, these have now fallen to a much less certain level of around mid-30%. The fall in market bets comes after the release of stronger-than-expected US jobs data, which suggests the US economy is not tilting on a cliff edge. This, in turn, has enabled the Dollar to resurface from its deep dive in August, providing a further headwind to Gold, which is mostly priced and traded in USD. Regarding the health of the US labor market, the release of the most important US employment report, the Nonfarm Payrolls (NFP), will be a critical deciding factor on Friday. Technical Analysis: Gold enters short-term sideways mode Gold enters a sideways market mode on the 4-hour chart (below) between the all-time high of $2,685 and a floor at around Monday’s low of $2,625. The short-term trend is unclear and could now possibly be sideways. It would require a breakout either above the top of the range or below the bottom to confirm a new directional bias.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
XAUUSD 1H BUY PROJECTION 03.10.24Reason for Bullish Several media outlets reported that Israel delivered a harsh response to the recent Iranian attack by bombing central Beirut in the early hours of Thursday. Lebanese security officials said that three missiles also struck the southern suburb of Dahiyeh, the place of Hezbollah leader Hassan Nasrallah's killing. Lebanese health officials also reported that multiple people were injured following Israel’s strike in Beirut. Iranian forces on Tuesday used hypersonic Fattah missiles for the first time and 90% of its missiles successfully hit their targets in Israel. Tehran said this attack was in response to Israeli killings of militant leaders and aggression in Lebanon against the Iran-backed armed movement Hezbollah and in Gaza. Despite the increasing risks of the Israel-Iran conflict turning into a wider regional war in the Middle East, Gold price is struggling to capitalize on the risk-off flows, as diminishing odds of a 50 basis points (bps) interest rate cut by the Fed in November keep the sentiment around the US Dollar underpinned at the expense of the non-interest-bearing Gold price.
FOREXCOM:XAUUSDLong
by kripsonfx97
Update XAU : 03.10.2024After corrected Plan BUY XAU 2626 ( Last week ) An Overview of the Gold Plan on the H1 Chart ✍️ After gold reached the 2626 level, it experienced a strong recovery. Based on the current chart, gold has officially reversed the short-term correction and is continuing its upward trend. ✍️ From my perspective, yesterday, the second corrective wave was completed, and gold is now in the process of building the third impulsive wave. ✍️ To properly complete the third wave in this phase, gold will likely try to form a full Wyckoff re-accumulation range, meaning it might consolidate (sideways) for the rest of today to prepare for tomorrow’s NFP (Non-Farm Payrolls) report. Of course, there may be shakeouts when the news is released, so caution is advised. ✍️ Regarding volume, we observe that when the price rises, there's volume alignment, whereas during price declines, volume steadily decreases. There are only occasional spikes in volume, but they don't significantly impact the market's upward momentum. 👉 As for the detailed NFP trading plan, I'll update that tomorrow. For today's plan, I'm focusing on the BUY trend at 2649.5.
FX:XAUUSDLong
by Finn_Rm3x
Gold "Cools Down" After a Hot RallyHello everyone. Let’s analyze today’s gold price together! Gold prices have slightly decreased today, pausing after gaining more than 1% in the previous session. The upward momentum of gold appears to be stalling, and the market is now "waiting" for U.S. labor data and speeches from several Federal Reserve (Fed) officials to gain more insight into the agency's policy stance. Looking at the technical chart, selling pressure on gold is steadily increasing. Gold is fluctuating around $2,655 per ounce and showing signs of weakening. Support at $2,647, which was once expected to be a strong point for gold's recovery, has now become fragile. The 34 and 89 EMAs are forming a significant barrier, preventing gold from rising. In fact, the possibility of gold breaking below the $2,647 support level and dropping further in the short term is entirely plausible. Gold prices are currently in a tug of war with many influencing factors. What do you think about today’s gold price?
OANDA:XAUUSD
by Alisa_Rokosz