XAUUSD : Some more pain but will ready for big move... XAUUSD is running with 4th wave zigzag correction which may end near 2580-2560 zone... then after we expect a 5th wave starts which will start the last-up move... so stay bullish on deep and keep SL below 2550 for the long position.. Longby kaushiksurti12
Gold Analysis October 10Fundamental Analysis Gold prices attracted some buyers on Thursday and now appear to have snapped a six-day losing streak to a near three-week low around the $2,605-2,604 region tested the previous day. However, the rally lacked bullish conviction and is likely to run out of steam amid growing bets that the Federal Reserve (Fed) will cut its benchmark interest rate by 25 basis points (bps) in November. This has helped the US Dollar (USD) maintain its recent strong gains to an eight-week high and will act as a drag on the non-yielding yellow metal. Traders may also prefer to stay on the sidelines and wait for the release of key US consumer inflation figures later in the North American session. The important US CPI report could influence expectations for the size of the Fed rate cut next month, which would boost demand for USD and provide some meaningful impetus to Gold prices. In addition, developments surrounding the ongoing conflicts in the Middle East will be looked at to capture short-term opportunities around the safe-haven precious metal. Technical Analysis The price range to watch for CPI trading strategies. The upper price range of 2626 and 2638 became one of the first major SELL zones in the Asian session yesterday. The 2638-2640 area is the critical zone of the EMA. The lower price range is focused on the US session around 2605 and the important breakout zone of 2594 will be notable in today's US session. This short-term downtrend is not over yet as the gold price has not been able to close the day above the 263x area. Wishing everyone a successful trading.by TVS-Trader19
Gold at supply zoneGold international chart is at supply zone .. if consolidate and reverse then we can keep target as Demand zone. Consider gold mcx chart before taking any trade m as there is a room for supply zone in mcx chart .Shortby AIQuant-X0
Gold after FOMC and before CPIYesterday, Gold traded Sideways to bearish and closed the day in the red zone near the price of 2610. On Hourly chart price seems to be forming a new sideways range near to psychological support. On the hourly chart, gold is still trading below the weekly pivot and bulls need to claim this level to see higher price . The FOMC’s Minutes published yesterday showed that some officials would’ve preferred a 25 bps cut, though all participants favored lowering interest rates. Regarding the Fed’s dual mandate in both cases, almost all officials saw inflation risks tilted to the downside, while risks to the labor market were on the upside. Following the data, the CME FedWatch Tool shows odds for a 25 bps interest rate cut were lowered from 85.2% a day ago to 75.9%. This means that some market participants positioned themselves toward the Fed holding rates unchanged, with odds at 24.1%, up from 14.8% on Tuesday. and for fundamentals now we have to shift focus to release of the US Consumer Price Index (CPI). For Intra day price is trading near to weekly pivot( Watch weekly S2 and S3 for possible reversal )and it is a good idea to look for buy for a swing trade with calculated risks. Longby TheGoldenCircle2
what to expect from FOMCAs the FOMC (Federal Open Market Committee) releases its minutes today, the impact on gold prices is expected to be significant. Currently, gold is trading in a tight range, as markets are awaiting clarity on the Fed's future monetary policy stance. If the FOMC minutes hint at continued hawkishness, signaling higher or persistent interest rates, gold may face downward pressure due to the stronger U.S. dollar and rising yields, making non-yielding assets like gold less attractive. Conversely, if the FOMC minutes suggest a more dovish outlook—indicating a potential slowdown in rate hikes or even rate cuts—gold could see an upward move as lower interest rates tend to benefit safe-haven assets like gold. Additionally, geopolitical tensions and strong demand from central banks are providing medium- to long-term support for gold( So, if today's minutes suggest easing monetary policy in the near future, you could expect a rebound in gold prices. However, a more aggressive stance by the Fed could result in further gold price declines. Keep an eye on the broader market reaction to get a clearer direction.Shortby XAUUSDANALYST2
BTC & Gold Price Action Analysis | Key Levels & Trading StrategiDiscover the latest price action analysis for Bitcoin (BTC) and Gold in today's market. In this video, we break down key levels, chart patterns, and potential trading opportunities for both assets. Whether you're a Forex trader, crypto enthusiast, or looking to diversify your portfolio, our expert insights will help you navigate the markets. Don't miss out on crucial support and resistance levels, trend reversals, and strategies to trade BTC and Gold effectively. #BitcoinAnalysis #GoldPriceAction #BTCPriceForecast #GoldTrading #ForexTrading #Crypto #TechnicalAnalysis #BTC #Gold05:17by Alzubair_fx2
Gold Reversed from the target zone.Gold taken support at Demand zone & Reversed. now the target is Supply Zone . Zone to Zone trading. for commodities we check International market chart along with MCX chart to get proper Entry and Exit.Longby AIQuant-X2
GOLD LONG !!!!!!My target is 1:3 Learn and do by yourself Price has to move from these levels orelse You might see a good correction and that gives opportunity for new buyers One thing after fed announced rate cut market went up continuously so trapping scenario may start if this week bullishness fails.Longby tradbooker334
BUY GOLDIn my opinion, I am looking to buy , which is a strong DEMAND ZONE. It is not advisable to enter without confirmation from a lower TF.Longby Knickk112
Xau/usd bearish Xau/usd forming double top bearish pattern sell at 2610 ,1 st target 1590 2 nd 1570 .Observe for for rejection at neck point which is 2624 .Shortby yogeshd37116
Gold XAUUSD sell given at 2648 ,made low 2604 enjoy huge profit 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 hitShortby JaiPrakashShuklaHarmonicTrader0
Gold : Buy the dip is now ON...Gold finally breakdown the consolidation range in yesterday trading session and now trading under the support level (2640) which is going to act as resistance for now ...this is the correction that everyone was expecting, but retailer started crying early and now saying that the trend is reversed ,but higher time frame is still bullish , for any deep correction or reversal price need to breakdown 2550 on daily close. On price action ,price is now moving towards the weekly S2 (Near psychological support level :2600); If we watch the Volume distribution on daily time frame we can see a good support at 2570-90 area, so we can plan buy the dip at current price or on test of that high volume area. For Today the Focus is now shifts to the FOMC Minutes and we have to wait the market reaction on FOMC minutes also.Longby TheGoldenCircle4
XAUUSDENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.Shortby samnid1125
5 $ upward movement on rise.Gold on rise due to small demand and Middle east tensions. Small buying zone is being created and we should be well aware that 2670$ is well defended ny sellers . Buying for 5 $ rise is initiated. Longby XAUUSDANALYST2
Gold On Demand ZoneGold on demand zone. if reversed from here we can see target as next zone( Supply Zone) Our trading style emphasizes patience and precision. We only trade when the price reaches a key zone, observing for consolidation, reversal, or breakout/breakdown signals. Once these conditions are met, we take trades in the direction of the price. We avoid trading at random prices, prioritizing high-quality setups. With this approach, we aim to place small stop losses and target larger gains, focusing on fewer but more accurate trades.Longby AIQuant-X3
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which 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 break C. 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 youShortby tradergyan011122