Black Friday saleUp to 70% OFF
CFD Gold (Spot) LMAXCFD Gold (Spot) LMAXCFD Gold (Spot) LMAX

CFD Gold (Spot) LMAX

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSD_LMAX trade ideas

XAUUSD, H4 LongFrom a technical perspective, the overnight breakdown below a short-term ascending trend-channel support could be seen as a fresh trigger for bearish traders. Moreover, negative oscillators on hourly charts suggest that the path of least resistance for the Gold price is to the downside. That said, it will still be prudent to wait for a convincing break below the $2,700 mark before positioning for any further losses. The XAU/USD might then accelerate the corrective decline towards the $2,685 intermediate support en route to the $2,672-2,670 strong horizontal resistance breakpoint. On the flip side, the ascending channel support breakpoint, around the $2,730-2,732 area, now seems to act as an immediate hurdle. The next relevant resistance is pegged near the $2,750 region, above which the Gold price could resume its well-established uptrend and climb further towards the $2,770-2,775 zone before aiming to conquer the $2768 round-figure mark.
OANDA:XAUUSDLong
by dipen228
Gold on run for 20 $ rise. Today, several key economic events are happening in the U.S.: Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time. Durable Goods Orders (September): This data reflects new orders placed with manufacturers for long-lasting products, such as vehicles and appliances. It offers a glimpse into manufacturing demand and overall business confidence. Pending Home Sales Index (September): This measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, indicating the strength of the housing market. These reports will give insights into economic momentum, labor market conditions, and business activity, which are all crucial for market participants and policymakers. Additionally, the Federal Reserve's next policy meeting is scheduled for early November, where interest rate decisions will be discussed, making today's data releases significant for future monetary policy​. So now, Gold can climb high to 20 $ approx, if the economic event news are not in favour of USD and XAU will find a legit reason to climb up the ladder.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
2
Gold Loses Momentum, Profit-Taking Ramps UpYesterday, gold took quite an unexpected turn, didn’t it everyone? Let’s join Alisa in updating today’s gold price news! Today's gold price dropped by $33.6 per ounce, settling at $2,715.8 per ounce. This decline is mainly due to the strengthening of the US dollar and the rise in US bond yields, which reduced gold’s appeal as a safe-haven asset. Additionally, profit-taking activity has also contributed to the pressure on gold prices. Looking at the 4-hour technical chart, gold is expected to undergo a price correction and shows a slight downward trend in the short term. With the key support level at $2,715, gold may gain momentum, but it will face challenges from two resistance levels at $2,738 and $2,757. These resistance levels are likely to hold back gold’s upward movement and lead to a minor decline. Although currently in a downward adjustment, gold still holds strong potential for a robust recovery. The volatile US economic landscape and the upcoming election could quickly inject fresh energy into the gold market, making it an attractive safe-haven once again. So, make sure to keep a close eye on it!
OANDA:XAUUSD
by Alisa_Rokosz
Gold : Finally taking a breakAs discussed in yesterday's gold update that gold was due for a correction , accordingly we have seen a good correction in yesterday's trading session. Last day price close with a bearish Engulfing candle from a key level (Weekly R1) and now the major support as per volume (2738-40) is going to act as resistance area, also if we draw Fibonacci levels for last day candle we have now to major resistance in higher side for gold, one is at 2733 and another is 2739, so for intraday under these levels we can look for sell opportunities and we can look 2700 or low as our target .CPR is also descending today , any breach from PDL can result in continuation into lower side.
OANDA:XAUUSDShort
by iambalramkashyap
Gold if break 2708 then fall ,if break 2729 then go upDisclaimer - 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:XAUUSD
by JaiPrakashShuklaHarmonicTrader
What is Significance of delta negative count at lift time high In order flow trading, DELTA represents the difference between the number of aggressive buyers and aggressive sellers during a specific time period. It is a key metric used to analyze the strength or weakness of market participants and helps traders assess buying and selling pressure. Here's a breakdown: 1. Aggressive Buyers: Traders who are willing to buy at the ask price (the price sellers are asking for). 2. Aggressive Sellers: Traders who are willing to sell at the bid price (the price buyers are offering). How Delta is Calculated: - Delta = (Aggressive Buy Volume) - (Aggressive Sell Volume) - Positive Delta: Occurs when there are more aggressive buyers than aggressive sellers. It suggests strong buying pressure, potentially indicating a rising market. - Negative Delta: Occurs when there are more aggressive sellers than aggressive buyers. It indicates selling pressure, which could suggest a falling market. Types of Delta in Order Flow: 1.Cumulative Delta: Tracks the running total of the delta over a certain period (e.g., throughout a trading session or a chart’s timeframe). It shows the net flow of buy and sell orders and can help identify whether the market is controlled by buyers or sellers over time. 2. Delta Per Bar: Shows the delta for each individual bar or candle, useful for analyzing immediate buying or selling pressure within a smaller timeframe. Importance of Delta in Trading: -Trend Identification : Positive delta in a rising market suggests strong buyers, confirming an uptrend. Negative delta in a falling market shows selling strength, confirming a downtrend. - **Divergence**: Delta divergence occurs when price moves in one direction, but delta suggests the opposite (e.g., price goes up, but delta shows negative values). This can be an early sign of a potential reversal. Reversals and Exhaustion : Sharp changes in delta, such as a large increase or decrease, can indicate that a market is exhausted and about to reverse. Delta is primarily used in futures, options, and other exchange-traded markets where the order flow and volume data are available.
PEPPERSTONE:XAUUSDShort
by XAUUSDANALYST
Gold Surges Strongly, Conquering Unprecedented HeightsHello everyone. How is gold performing today? Let's discuss! Geopolitical tensions, especially the upcoming U.S. Presidential election, are driving the demand for safe-haven assets like gold higher. The global gold price has reached a new record and may continue to rise if the situation in the Middle East remains tense. Additionally, global monetary easing policies are also supporting gold prices. Gold is currently stable around $2,752, with the EMA 34 and EMA 89 acting as reliable support levels. After being supported at the critical $2,720 level, gold gained momentum but paused to accumulate at the resistance zone of $2,739. However, with its strong uptrend, gold is expected to surpass this resistance and aim for the next target of $2,770. With the current strong supporting factors, gold has a very bright outlook. However, investors should closely monitor market developments and be ready to adjust their portfolios to cope with potential risks.
OANDA:XAUUSD
by Alisa_Rokosz
Gold Intraday PlanGold prices extended gains in yesterday trading session for the fifth day out of the last six and reached an all-time high at 2,748, just below of the psychological 2,750 mark. Geopolitical tensions and expectations that the Federal Reserve would continue to lower borrowing costs are helping gold bulls right now. As per price action gold price Invalidated the Gravestone doji pattern that was formed in Monday trading session and sustaining the price over to major support area 2738-40 (As visible on Volume profile).Today price opened with small gap down which is indication that the current over extended bull run is somewhat exhausting and need a break/ pause ,so selling with calculated risk is seems to be favourable at current elevated levels and if price breakdown this support area on volume profile then we can expect a good correction towards 2700 or low.
OANDA:XAUUSDShort
by iambalramkashyap
Short Term Gold Correction/profit booking/ Short Covering ExpectGold has been rising steeply from 2635 till 2745 strongly without breaching once the trend line created. This is not usual activity. The Political equilibrium which is totally disturbed due to war zone created between middle east, is at core to boost the reason for gold to spike up !. On the contrary, if the gold rally has to survive the gold rally ok 105$ and counting up has to book certain profits and halt its upward trajectory. Several factors can contribute to a steep upward rally in gold prices. These include: Geopolitical Tensions: Conflict, war, or heightened global political instability can push investors towards gold, a traditional safe-haven asset. Any uncertainty can lead to a surge in demand for gold, driving up prices. Inflation: When inflation rises, the value of fiat currencies tends to erode. Investors turn to gold as a hedge against inflation, increasing demand and boosting prices. Interest Rates: Lower interest rates tend to drive gold prices higher, as the opportunity cost of holding non-yielding assets like gold decreases. Central bank decisions to cut rates or maintain loose monetary policies can trigger gold rallies. Currency Fluctuations (USD): Since gold is priced in U.S. dollars, a decline in the dollar's value often results in higher gold prices. A weaker dollar makes gold cheaper for holders of other currencies, increasing demand. Economic Data: Poor economic data, such as weak employment figures, low GDP growth, or decreased consumer confidence, can spur gold buying as investors seek stability. Central Bank Gold Purchases: When central banks increase their gold reserves, it can signal confidence in gold as a store of value, leading to higher prices. Large-scale purchases can directly impact market demand. Stock Market Volatility: When equity markets experience significant downturns or volatility, investors often flock to gold as a defensive asset, leading to price rallies. Financial Crises: During times of global financial instability or banking crises, gold becomes a go-to asset for investors seeking safety, contributing to strong price rallies. Supply Constraints: Limited mining output or disruptions in gold supply (e.g., due to strikes, political issues in mining regions) can contribute to higher prices if demand remains strong. Speculative Demand: Traders and speculators can drive prices higher in anticipation of the above factors, especially in times of uncertainty or market panic.
FX_IDC:XAUUSDShort
by XAUUSDANALYST
Gold breakout came 2773-2784 1st Target support 2715 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