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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

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.
OANDA:XAUUSD
by iambalramkashyap
Gold (XAU/USD) intraday trading at current levels 10/30/2024Buy, Sell, and Stop-Loss Recommendations: Buy Zone: If prices retrace to support at $2,760, a buy entry could be advantageous, targeting a rise back towards the $2,780 and $2,800 levels, where resistance has been marked. This range reflects a demand zone where buying pressure has previously built up. Sell Zone: If prices approach resistance at $2,780-$2,785, consider a short position, with a target to re-test support around $2,760. However, be cautious if upward momentum breaks above $2,785, which could signal continuation to $2,800. Stop-Loss: For buy positions, place a stop-loss just below $2,750 to limit risk if support fails. For sell positions, consider a stop-loss slightly above $2,785, adjusting to $2,790 if volatility increases. These levels incorporate recent market reactions and geopolitical factors driving safe-haven demand for gold​.This guidance can adapt if prices move sharply, so monitoring real-time price action will be key.
OANDA:XAUUSDLong
by GAVIXH
Gold on Upper Trend of Parallel ZoneTrend Lines: An upward trend line that has held for an extended period suggests strong underlying demand. If prices approach this trend line and bounce, it can act as a signal to buy, reinforcing bullish trends in gold. Additionally, analysts have noted the formation of broadening wedge patterns on various timeframes for gold, which could lead to a breakout either up or down, depending on resistance and support interactions. On the bullish side, recent price action near key resistance levels could suggest a flag breakout if there’s increased volume and a clear move above resistance around $2,530–$2,540. These insights, along with watching support around $2,486.79 for bearish confirmation, help provide a basis for trading entries and risk management in the short term.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
#XAUUSD/H4 Continue to adjust or create a new peak?Market analysis for XAUUSD trading session on October 29, 2024: The first trading session of the week experienced a significant gap, and as we entered the US session, the price filled the gap and continued to rise in line with the main trend. Today, the price is expected to fluctuate within the range of 2738 - 2765. We are still trading according to the main trend, limiting attempts to catch the peak here. Today's trading trend: BUY scalp. Key price levels to watch: BUY zone: 2735 - 2740, 2725 - 2730, and 2715 - 2720. SELL zone: 2760 - 2765 and 2776 - 2781. Recommended orders: Plan 1: BUY XAUUSD zone 2735 - 2737 SL 2732 TP 2740 - 2745 - 2755 - 2765. Plan 2: BUY XAUUSD zone 2727 - 2729 SL 2724 TP 2732 - 2740 - 2750 - 2765. Plan 3: SELL XAUUSD zone 2763 - 2765 SL 2768 TP 2760 - 2750 - 2745 - 2740.
TVC:GOLD
by ifjugapt
Gold near to ATHAfter gap down opening Gold price again trading near to ATH and price now sustaining on PWH on H1. For sell we have to wait for rejection on ATH area (2755-59: for scalping only right now with tight SL on Intraday No confirmation, No sell) and for next move in higher side price need to breakout and need to sustain above this area and then we can look for buy in higher side towards weekly R1 and then R2. For a safe sell I think better wait for price to close below 2738 (As wee have High volume support at 2738-40,H1 or H4) and in Higher side there is no major confirmation right now.
OANDA:XAUUSD
by iambalramkashyap
Gold Pauses Amid Pressure, but the Future Remains BrightThe record-breaking rally in gold has come to a halt as the USD strengthens and U.S. Treasury yields reach their highest level in three months. Meanwhile, investors are awaiting key U.S. economic data to gauge the Fed’s next move, which is also pressuring gold prices. However, Alisa predicts that if the market expects continued rate cuts, investment demand for gold will rise further, pushing prices up. The technical chart shows two strong support levels at 2,732 and 2,747, which could serve as a robust base for gold to gradually return to an uptrend. Although gold is currently experiencing a slight decline, this is likely temporary as investors await new signals. The forecast suggests that if gold can regain upward momentum, it could reach $2,900 per ounce within the next 12 months.
OANDA:XAUUSD
by Alisa_Rokosz
XAU/USD (Gold) intraday trading on October 29, 2024Resistance Levels: Primary Resistance: $2,741 - This is a key resistance level where price action may face selling pressure. A move above this could open up further gains, with the next target near $2,750. Secondary Resistance: $2,750 - If momentum pushes beyond $2,741, this higher resistance level may be the next significant barrier for price movement. Support Levels: Primary Support: $2,722 - This level serves as an immediate support, and price action here could attract buyers. A sustained hold here may signal a reversal opportunity. Secondary Support: $2,710 - Should the price break below $2,722, this level is expected to be the next potential support zone, where buying interest may emerge Strategy Consideration: Buy: Consider entries near $2,722 if the price shows strength, with a target towards the $2,741 resistance level and a stop-loss slightly below $2,710. Sell: Look for shorting opportunities if XAU/USD fails to hold above $2,741, targeting $2,722 initially, with a stop-loss above $2,750 to manage risk. These levels and strategies can help guide intraday trades by providing actionable entry and exit points based on key support and resistance zones. For optimal results, consider confirming signals with volume and other technical indicators
OANDA:XAUUSD
by GAVIXH
Gold at high level consolidationCurrently, gold's price action appears to be in a consolidation phase following recent upward movements. Gold's spot price is fluctuating around $2,744 per ounce, reflecting moderate gains earlier in the session. This movement aligns with investors closely watching the Federal Reserve’s upcoming decisions on interest rates, as well as broader financial market pressures. The recent bullish trend has seen some pauses, as traders assess factors like bond yields and geopolitical tensions, which have previously fueled demand for safe-haven assets like gold. A recent support level near $2,700 appears to be holding, while the resistance zone around $2,750 could indicate the next level to watch if the price continues climbing. This suggests that traders are possibly awaiting clearer signals, which could come from upcoming economic data releases or central bank statements. Observing these levels might be beneficial for identifying potential breakout or retracement moves in the current market environment. If this price level is sustained or surpassed, it might signal continued bullish sentiment. Conversely, any break below recent support could suggest a shift towards lower consolidation or even a corrective phase.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold Trend 28/10The gold price hit our S-T target of 2750 last week, reaching a new high of 2758. However, the upward momentum failed to last, and the price couldn't hold above 2750, dropping back to the weekly low of 2708. Towards the end of the week, the gold market once again priced in the risk premium ahead of the weekend's geopolitical uncertainties, pushing the price back to 2750, and closing the week at 2747. Last week, several Federal Reserve officials made comments suggesting a 'cautious approach to rate cuts,' which strengthened the US dollar and put pressure on gold prices. On the other hand, the market had been grappling with potential retaliatory actions from Israel against Iran for the past two weeks, which finally materialized over the weekend. The attacks were relatively restrained, focusing solely on military sites in Iran and avoiding oil and nuclear facilities. Tehran, so far, has not issued an immediate response. With no significant casualties, the geopolitical tensions eased as markets opened on Monday. The NYMEX oil, most directly affected, gapped open 4% lower, and gold prices also opened $10 lower. A few crucial US data releases are scheduled from Tuesday to Friday this week, including consumer confidence, third-quarter GDP, core PCE inflation, non-farm payrolls, and the unemployment rate. A lot of uncertainty fills the week, but... considering most of the US economic figures released in the past few weeks have been relatively strong, we can anticipate downward pressures on gold prices prior to the outcome of these figures. As the US election enters its final stages, regardless of the outcome, there is a strong likelihood that the gap between the two candidates will narrow before election day, potentially leading to safe-haven funds flowing into the gold market to support the price, offsetting the downward pressure from strong data. 1-hr chart (above) > The price failed to hold above 2750 last week, causing the S-T trend to break below the upward support line (1). The upward momentum has begun to slow down, the support has shifted from the mid-week support line(2) to a slower pace(2.1) before the weekend. The key resistance zone is now sitting at last week's high of 2750-2758 (4). If any US data falls short this week, the gold price may break above this resistance, triggering a new round of buying. However, before all those economic figures from the US, we can take advantage of the sideway range of 2710-50 (3) for S-T trading. Daily chart > The overall pattern hasn't changed much, with the key resistance at 2750 (5), and the upward channel (6) still holding strong. If you like our ideas, please give us a 🚀 ! P.To
TVC:GOLD
by 1uptick
The new week has brought a "shocking" piece of news for goldThe US dollar’s strong appreciation in the international currency basket has placed significant pressure on gold prices. Moreover, a series of positive US economic data released at the beginning of the week has prompted investors to take profits, driving gold prices down sharply. Additionally, the sharp rise in US government bond yields has further reduced gold’s appeal today. Currently, gold is trading around $2,741 per ounce, down 0.2% from the previous session. On the technical chart, gold is forming a downward price pattern and facing selling pressure at the $2,747 per ounce resistance level. In the short term, there is a high probability that gold prices will continue to adjust downward if no new supportive factors arise. However, with fundamental factors supporting a long-term increase in gold prices, there remains a realistic possibility that gold could break through current resistance and resume its upward trend. Investors should closely monitor both technical and fundamental signals to make well-informed trading decisions.
OANDA:XAUUSD
by Alisa_Rokosz
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:XAUUSDLong
by okako_trading
#H4/Gold continues to adjust, waiting for opportunities to hunt.Market analysis for XAUUSD trading on October 28, 2024: After closing last Friday at a price of 2747, the Asian session today opened with a downward GAP that has not yet been filled. This GAP indicates a short-term profit-taking by the BUY side, showing that buying pressure for gold has decreased and a SELL side has emerged in this area. However, today marks the opening of the weekly candle and the monthly candle will close this week, so everyone should pay attention to the adjustment of the upper wick in the monthly timeframe. Today's trading trend: BUY scalp. Key price levels to watch: BUY zone: 2718 - 2723 and 2699 - 2704. SELL zone: 2738 - 2743 and 2751 - 2756. Recommended orders: Plan 1: BUY XAUUSD zone 2718 - 2720 SL 2715 TP 2723 - 2730 - 2735 - 2750. Plan 2: BUY XAUUSD zone 2702 - 2704 SL 2699 TP 2707 - 2715 - 2725 - 2745. Plan 3: SELL XAUUSD zone 2753 - 2755 SL 2758 TP 2750 - 2740 - 2730 - 2720.
TVC:GOLD
by ifjugapt
1
"Gold Spot Trading Levels for Today's Precision Entry & Exit (28For today, 28th October 2024, here are the strategic levels for trading XAUUSD (Gold Spot) on the 15-minute chart: 1. Green Levels: These are the key buying levels. The marked level of 2730.280 is highlighted as a primary buying level. Please note that the exact figure on the right side is cut off, hence it's written as 2730.280 for clarity. 2. Red Levels: These are the selling levels, optimal for short positions. 3. Yellow Levels: These are the target levels to help you set realistic goals for your trades. They’re meant to give guidance on where price movements might reach, providing potential take-profit zones. This setup helps in identifying precise entries and exits for today's trading session on Gold.
OANDA:XAUUSD
by XTrap_000