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Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
Uptrend maintained! XAU! 10/23XAU / USD trend forecast October 23, 2024 Gold prices continued to climb for the fifth time in six days, reaching a record high of $2,748, just below the key $2,750 level. Rising geopolitical tensions and expectations of further rate cuts by the Federal Reserve (Fed) are supporting the metal. As a result, XAU/USD trades around $2,744, up nearly 1%. Despite soaring US Treasury yields, risk aversion keeps gold strong. Since the Fed's 50 basis point rate cut on September 18, the US 10-year Treasury yield has risen to 4.20%, suggesting that traders anticipate a less dovish Fed stance. M45 is forming an uptrend DOW structure - still waiting for higher ATH from gold: 2753 /// SELL XAU : zone 2753-2756 SL: 2761 TP: 50 - 200 - 300 pips (2726) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
7
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CAPITALCOM:GOLD
by Thief_Trader
Wednesday Market Analysis and SignalsGold still maintains a trend bullish structure, and hit a new record high of 2748 in the late trading. Now the trend is very clear, the direction is very certain, and trade with the trend. A new high every day, a 45° rise, will not touch the 4-hour moving average at all, this is the strong bull feature. In the Asian session, first look at the pullback strength of the range shock. Trade the pullback and wait for the trend to go long at a low price! Gold continues to hit new highs, and the bullish trend continues to be strong. There is no highest, only higher, and continue to carry out the gold bulls to the end. The gold 1-hour moving average continues to cross the bulls and diverge upward. There is still room for gold bulls. Gold is now rising steadily, and there is basically no big pullback, which means that gold continues to be strong. The gold moving average support has moved up to around 2730. Continue to go long when it falls back to the 2730 support in the Asian session. Trading strategy: You can go long near 2730~2735. Pay attention to whether the rise of 2760 is blocked, and be cautious about shorting For more signals, see the update below ↓
OANDA:XAUUSDLong
by Jun-goldFX
GOLD to find buyers at current overbought extremes?XAUUSD - 24h expiry Price action resulted in a new all-time high at 2753. Daily signals for sentiment are at overbought extremes. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 1hour EMA is at 2743. There is no indication that the rally is coming to an end. We look to Buy at 2744.5 (stop at 2726.5) Our profit targets will be 2789.5 and 2799.5 Resistance: 2753.4 / 2770.0 / 2785.0 Support: 2745.0 / 2725.0 / 2700.0 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XAUUSDLong
by OANDA
2
Gold Approaches Key Resistance at 2,731: Bullish or Pullback?GOLD The price is approaching a key resistance area at 2,731. If the price breaks and closes above this resistance, the next target is 2,753, indicating a bullish continuation. However, failure to break through may lead to a pullback towards the support correction zone around 2,710–2,697. Further decline could extend to the support zone near 2,685. The current trend is bullish, but a rejection at the 2,731 level could trigger a correction before any further upward movement. Key Levels: Pivot Point: 2731 Resistance Levels: 2753, 2765, 2775 Support Levels: 2720, 2710, 2697 Trend Outlook: Bearish: By stability Below 2731 Bullish: Above 2732 Previous idea:
OANDA:XAUUSDLong
by SroshMayi
The Upcoming US Election and Gold’s Record Highs Voters in the United States (US) head to the polls on 5 November to elect their next president. The 60th US Presidential election is shaping up to be a tightly contested race between Kamala Harris and Donald Trump, with current polls unable to point to a clear-cut winner. In the midst of ongoing campaign efforts, Gold has remained a clear outperformer, garnering global attention from both investors and market commentators. Candidates Neck-And-Neck As Election Day Nears According to ABC News/538’s latest national polling averages, as of 22 October, Harris maintains a narrow lead over Trump with 48.1% vs 46.4%. Additionally, a poll published by The Washington Post on Monday revealed that approximately 47% of registered voters would ‘definitely’ or ‘probably’ vote for Harris, while 47% stated the same for Trump. The races in the battleground states – Pennsylvania, Michigan, Wisconsin, North Carolina, Georgia, Nevada, and Arizona – are particularly intense, with no candidate maintaining a decisive lead. According to ABC News, the margin between Trump and Harris is two percentage points or less in all seven major swing states. Pennsylvania, with its 19 electoral votes, is a crucial battleground that could determine the outcome of this year’s election. With nine million registered voters, the state typically leans Democratic, having voted for the winner in every presidential election since Barack Obama in 2008. In 2016, Donald Trump won Pennsylvania by just 45,000 votes, while Joe Biden secured the state in 2020 with a margin of approximately 90,000 votes, translating into a one-percentage-point victory. Quantus Insights’ latest Pennsylvania survey, conducted between 17 and 20 October, again points to a very tight race, with Trump leading Harris by two-percentage points (50% vs 48%). The upcoming days will be crucial as both candidates ramp up their campaigns in the swing states, which may ultimately shape the election's outcome. Increased Uncertainty; Gold as a Safe Haven US elections are unquestionably among the most significant events for global financial markets. The occupant of the White House directly influences the direction of the US's economic, fiscal, and monetary policies, as well as its foreign relations – factors that are key drivers of market sentiment. Amid growing uncertainty surrounding the US election outcome, gold – a widely recognised safe-haven asset – reached record highs of $2,758 per ounce. This surge is supported by escalating tensions in the Middle East and expectations of further policy easing from the US Federal Reserve, with investors currently pricing in 44 basis points of rate cuts by year-end. Historical Relationship Between Gold, Politics and Economic Landscape Fluctuations in the price of Gold are nothing out of the ordinary for markets and investors. While Gold prices often experience shifts during US election periods, geopolitical events and economic indicators – particularly inflation and unemployment metrics – along with changes (or expectations of a change) in interest rates also impact the price of the yellow metal and its appeal as a safe haven. During Jimmy Carter's presidency from 1977 to 1981, the price of Gold increased by an impressive 326%. In contrast, while Ronald Reagan was in office from 1981 to 1989, the price of the precious metal dropped by 26%. Some analysts argue that the price spike during Carter’s term was a continuation of an upward trajectory which began in 1971 when President Richard Nixon terminated the Gold standard (i.e., the direct international convertibility of the US dollar to Gold) in response to increasing inflation, as well as geopolitical uncertainty brought on by the Cold War. As the US economy recovered and negotiations began with the Soviet Union during the Reagan administration, the price of Gold decreased by almost 50% between the start of his first and second terms. When Barack Obama left the White House in 2017, the prices of Gold and Silver were up by 40% and 50%, respectively, compared to when he took office eight years earlier. Following concerns over the US debt ceiling and fears of the government defaulting on its debt obligations in 2011, Gold surged to US$1,895 – 122% higher than Obama’s first day as president. During Donald Trump’s presidency, and given the economic fall out of the Covid-19 pandemic, the precious metal’s price hit an all-time high of over US$2,000 in August 2020, marking a 72% increase from his first day in office. Gold Bulls Continue to Outperform Despite Overbought Signals Gold has powered higher this year, climbing 34% year to date and recently refreshing all-time highs of US$2,758. The precious metal is on track to pencil in its largest one-year gain in 14 years. While Gold’s rise is noteworthy, longer-term action signals trouble could be ahead. The monthly chart’s Relative Strength Index (RSI) is closing in on an area of resistance between 87.02 and 83.87; historically speaking, the momentum oscillator has turned south every time it has reached this zone since 2008. Another technical observation worth considering on the monthly scale is the convergence of projection ratios at current price. At US$2,723, a 100% projection ratio is present (harmonic traders will recognise this as an AB=CD resistance pattern), which is closely connected with a 1.272% Fibonacci projection ratio at US$2,777 (an ‘alternate’ AB=CD resistance). Meanwhile, price action on the daily chart shows that Gold is colliding with channel resistance, extended from the high of US$2,531. In addition to potential resistance forming on the monthly timeframe between US$2,777 and US$2,723, adding weight to the daily ascending line is the possibility of a negative divergence signal from the RSI on the daily chart. The combination of monthly and neighbouring daily resistance, along with the RSI signalling upside momentum could slow, may be enough to prompt some profit-taking. That said, the underlying drivers remain strong in this market for now. As a result, while a reaction from said resistances could materialise, it is unlikely to gain much following. A breakout higher, on the other hand, swings the pendulum in favour of further outperformance, potentially as far north as US$3,000.
FPMARKETS:XAUUSDLong
by FPMarkets
10.23 Will gold turn around? Bearish view 2760In the early Asian session on Wednesday (October 23), spot gold fluctuated narrowly at a high level and is currently trading around $2,750.98 per ounce. Gold climbed 1% on Tuesday, shaking off the impact of a strong dollar and U.S. bond yields, reaching a high of $2,748.87 per ounce, setting a new record high again, closing at $2,748.86 per ounce, as the uncertainty of the U.S. election and the war in the Middle East stimulated safe-haven demand, and expectations of further monetary easing magnified the rise in gold prices. Yesterday, gold did not continue to adjust. It broke through 2740 and is currently running at 2745. Obviously, the single-day high and fall did not cooperate with the next day's big Yin, and the short-term has not yet peaked. Yesterday's closing was barefoot Yang, suggesting that there is still inertia to rush up, so the upper track 2765 pressure will be tested again. There is no need to chase more at this time. The follow-up rise of silver and oil suggests that gold is close to the stage of adjustment. There are not many fundamental data recently. Even if there is before the election, it is fake. At the same time, the US dollar, gold, and US stocks are all rising at the same time. Obviously, it is peaceful. In fact, the biggest news is the BRICS meeting. This is a step to whether the payment system can abolish the US dollar settlement. Of course, at this time, the US dollar remains strong in order to compete for the status of international capital settlement. Therefore, there is no shock decline after the interest rate cut, but it has risen strongly since the interest rate cut. There are election reasons and suspicions of manipulation behind the scenes. I have always said that no matter who is elected, the US dollar must remain strong to cater to the essence of plundering global wealth. The two sides are talking about topics again, just for the election, but whoever is elected will remain essentially unchanged, so it is rare for gold to follow the strength of the US dollar at this time, so there is no need to chase the rise. Resistance: 2760---2765 Support: 2700---2650
TVC:GOLDShort
by David_strategy
1
Xauusd prices increased in the context of the US also climbingWorld gold prices are also supported when the money flow into the US stock market shows signs of decreasing after the Dow Jones, S&P500, and Nasdaq indexes have all continuously set records in nearly 5 months. The race for the White House is getting into a dash phase, very fierce with symptoms and symptoms of a reversal toward Donald Trump. The election will take location on November 5. This is taken into consideration to be a turning factor for the gold market. Many human beings consider that Mr. Trump can clear up geopolitical conflicts in a few areas, thereby riding down gold prices. However, many human beings are afraid that Mr. Trump`s strong-arm guidelines may want to shake the world. Many specialists expect that each Mr. Trump and Ms. Kamala Harris will step up pumping cash and stimulate the economic system if elected. Besides, gold additionally advantages whilst americaA maintains to reduce hobby costs as planned.
OANDA:XAUUSDShort
by TheLeader_WOLF
Gold charge forecast 23/10/2024As of 8:45 a.m. on October 23, the world gold price listed on Kitco was at 2,738.4 USD/ounce, an increase of 8.6 USD/ounce compared to the beginning of the previous trading session. Gold charge forecast World gold expenses are anchored excessive no matter the growing USD index. Recorded at 8:forty five a.m. on October 23, americaA Dollar Index measuring the fluctuation of the dollar with 6 essential currencies became at 103,749 points (up 0.12%). Early this morning, global gold expenses reduced as compared to remaining night`s session, however had been nevertheless indexed round document highs. Overall, from the start of the 12 months till now, gold bars have accelerated via way of means of greater than 32%. Gold has risen no matter growing greenback and Treasury yields, and the upward thrust in gold expenses has outweighed weaker bodily call for and better supply, analysts stated. Exinity Group marketplace analyst Han Tan stated gold ought to overcome unheard of charge degrees if the valuable steel maintains to disregard the healing in US Treasury yields and the electricity of the silver greenback. green. 💎 TVC:GOLD Buy limit 2724 - 2722💎 ✔️TP1: 2730 ✔️TP2: 2750 ✔️TP3: OPEN 🚫SL: 2716 ➖➖➖➖➖➖➖➖ 💎 TVC:GOLD Sell limit 2750 - 2748💎 ✔️TP1: 2730 ✔️TP2: 2720 ✔️TP3: OPEN 🚫SL: 2758
TVC:GOLDShort
by FalCol_TradingMaster
Gold Buy or SellThis week we had alot of ATH's (All time high's back to back Technically as Gold was in Bullish trend so we hace witnessed these also due to geopolitical tension we have seen these New ATH as investors have invested in gold now we are expecting a drop as tension in middle is losen up and drop can be seen in near times We have a level over 2749-52 level which is fibonachi extension level so we are bullish over gold but a bearish move can be seen after 2749- 52 resistance level if we witness a rejection over there
OANDA:XAUUSDLong
by Wakeel_Saab
XAUUSD Analysis | Charting New Territory ATH GOLD is charting new all time high territory once again this year after breaking through into the 2700s and still on a sharp ascent structure giving a high probability that we could now see 2800 by end of year. There is still a strong bullish momentum as stated but falling just short of the next quarter resistance of 2750 we could see a correction down to meet several support levels including the 50 ema which aligns with not only horizontal and dynamic support but also the middle bol band and quarter phase section of 25%. Any long term sells are pretty much foolish at this level with the increasing likeliness that the ascent will continue I am looking to enter buys from these key support levels or potentially short term sell entries leading into these pivot zones for longs. Ideally we will as per previous market structure see price enter a consolidation zone post a short correction to which we can scalp and gain some lower long entries before seeing price once again break through to the topside and complete the current quarter phase of 75% - 100% which would be around 2750-2800.
OANDA:XAUUSDLong
by OfficialKieranTrewick
Continue to wait for the new gold ATH to be higher⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US Treasury bond yields surged over ten basis points, with the 10-year note yielding 4.192%. As a result, the US Dollar Index (DXY) climbed 0.50%, reaching a two-month high of 104.01. Meanwhile, tensions in the Middle East persisted as Israel reported a projectile from Lebanon landing in central Israel, and Iran’s UN envoy criticized Biden’s remarks on Israel’s potential attack as "inflammatory." Dallas Fed President Lorie Logan highlighted the need for flexibility in monetary policy, reinforcing the gradual approach to lowering borrowing costs. ⭐️Personal comments NOVA: After adjusting for liquidity in the 2715 price range - the gold price continues to increase significantly - returning to the 2735 price range and tending to increase to create a new ATH in the near future. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2760 - $2762 SL $2767 TP1: $2750 TP2: $2740 TP3: $2730 🔥BUY GOLD zone: $2695 - $2697 SL $2690 TP1: $2705 TP2: $2715 TP3: $2730 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
2
XAUUSD:22/10 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2750, support below 2673 Four-hour resistance 2750, support below 2720 Gold operation suggestions: After yesterday's strong upward shock and high break in the Asian and European sessions, the US session was under pressure at the 2740 mark and ushered in a suppression and decline. The overall price showed a suppression adjustment pattern at the 2740 mark, but the short-term gold price technical indicators did not show any signs of turning, and the short-term and medium-term moving averages were still arranged in a bullish pattern and diverged upward. From the current market trend, today's attention is paid to the 2720 first-line support below, and the attention is still paid to breaking the new high above. Gold is still in a bullish arrangement, the daily line has also formed a bullish arrangement, and the moving average system is also relatively perfect. Today we choose to go long directly, and go long near 2720 below. The overall idea has always been to focus on the retracement and the daily level 2673 bull-short watershed, and wait patiently for the key points to enter the market. BUY:2720near SL:2715 BUY:2700near SL:2695 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
GOLD Explodes Past All Targets – Massive Gains Achieved!The long trade on GOLD entered at 76195 has surged with incredible momentum, hitting all our profit targets. The current price stands at 78375, confirming the strength of this bullish run. Key Levels Entry: 76195 – Long entry made as the uptrend was confirmed. Stop-Loss (SL): 76062 – Strategically placed to manage downside risk. Take Profit 1 (TP1): 76358 – Successfully reached, signaling the first leg of the rally. Take Profit 2 (TP2): 76622 – Continued bullish movement hit this target. Take Profit 3 (TP3): 76887 – Strong momentum allowed this target to be met. Take Profit 4 (TP4): 77050 – Final target achieved, capping off a solid bullish trade. Trend Analysis The price has maintained consistent support above the Risological dotted trendline, affirming a robust uptrend. The consistent climb from TP1 to TP4 highlights the power of this movement, with all targets now realized.
MCX:GOLD1!Long
by ProfitsNinja
10.22 Gold intraday short-term operation guideYesterday, we entered the US market at 2715 and entered the long position, making a profit of 18K. Yesterday, in the technical points, as long as you are bullish, you can follow. 1. Cyclic rise in the morning, this is the case in the extremely strong market. Everyone is bullish, and basically there is no retracement. If there is a retracement, it will not rise. 2. The second rise in the afternoon, the retracement position is slightly larger, but the morning rise in the strong market, the afternoon is expected to continue, one is not to break the morning low watershed, but to continue to break the European market. 3. Rapid bottoming and rebound before the US market, and 6-8 points of big sun. 10.22 intraday analysis: 1. Daily cross, the probability of this top cross is very small, and the continuous sun is still rising. The price has reached the 2740 risk area, but the shape is not enough, and there should be another high point. 2. In the strong market, the cross is seen, this is not the top, and the probability of today's shock is relatively high. It is still cyclical rising in the morning, and it is still expected to rise in the afternoon today, and it will fluctuate at a high level. 3. If you feel that the price is high, you dare not buy more. In fact, the acceleration is not enough. At least you need to force out the short positions. In terms of operation, it is expected to fluctuate today. Relying on the 2713 watershed, short-term long positions are expected during the day. Looking at the situation of the European session, the upper resistance is 2732-4.
TVC:GOLDLong
by David_strategy
1
Xauusd prices decreased slightly during many hot daysThe world gold price sometimes reached 2,740 USD/ounce but then suddenly reversed and dropped sharply. At 6 a.m. on October 22, today's gold price dropped to 2,720 USD/ounce. According to analysts, the international gold market fluctuated wildly in the context of many investors selling to gain profits. Gold price today, after many days of hot increases, was forced to go down. Meanwhile, US bond interest rates increased to 4.1% - the highest level in the past 3 months. That means bond values ​​decline, motivating investors to sell gold and shift capital into bonds. Gold price today naturally decreased. Gold, which is considered a hedge against political and economic instability, has increased more than 31% since the beginning of 2024 until now. Gold prices also broke many records when the US's move to cut interest rates combined with the need for safe haven capital created a storm in the market. 💎 XAUUSD sell 2734 - 2736💎 ✔️TP1: 2731 ✔️TP2: 2721 ✔️TP3: OPEN 🚫SL: 2743
OANDA:XAUUSDShort
by FalCol_TradingMaster