Gold Bullish PlanOur Gold Previous Plan Delivered as Expected, Target Missed by Just 2 Points, You can Check in Profile.
There is Two Level I am Looking Long on Gold
Goldprediction
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD - only single supporting region, holds or not??#GOLD.. perfect move as per our video analysis and in today again we have one n single supporting area that is 2732 to 2734
Keep close it and if market hold it in that case you can see a bounce from here.
Stay sharp and keep in mind that below 2732 we will go for cut n reverse on confirmation.
Good luck
Trade wisely
Why did the price of gold fall after Iran was attacked?
Today is October 28, 2024, Monday. Let me first talk about the facts of the market. The two major players in the Middle East on Saturday and Sunday in the international market, Israel, attacked Iran's military facilities. The weekend was also full of risk aversion. My members were very worried about whether the opening on Monday would reach a new high, with the gold price at 2,700 points. Many shorts were on pins and needles. They would ask me what I think. My answer is very simple. You should have fun on the weekend and don't worry about Monday. It will be a waste of the weekend if you worry in advance.
When the market opened on Monday, there was a gap, which has not been filled yet. So in fact, there is no value in worrying in advance, and it is all negative emotional value. This means that there is no need to worry about tomorrow's things, especially when trading.
Let's get back to the point. Israel's retaliation against Iran at the weekend is more like giving the public another explanation. It should be fought and warned. The United States also spoke out, saying that Iran should not escalate the situation further. Iranian officials said they would certainly respond, but since the attack did not threaten oil and nuclear facilities, sources said Iran informed Israel through a third party that it would not respond. And we retail investors are like flies swept by the market, flying around.
This magical third party, this farce, in my opinion, is more like January 3, 2020, after the Soleimani incident, Iran will launch a jihad, at least to attack the US military bases in the Middle East, and the gold price will rise sharply in the future. It was indeed bombed, but in the end Trump said that before the attack began, Iranian senior officials had notified the US military that the personnel had already evacuated. Therefore, the attack did not cause any casualties. It's like you punched cotton.
Obviously, the mysterious third party has become the stepping stone for the two major protagonists in the Middle East. For this farce, the dominant issue is still the economic level. During the pandemic, the world has an overcapacity that cannot be consumed, and the recovery cycle is too slow. Economic contradictions cannot be resolved, so we have to seek stronger, faster and more direct ways to consume production capacity. So after the intensification of contradictions, instability in some local areas has emerged. After all, in troubled times, everyone wants to have a piece of the pie. But who will win? In the end, it was found that the price was still the same, but it was us retail investors who paid the bill.
In terms of strength, the current market has not set new highs for several trading days. Compared with the previous market that set new highs every day, this phenomenon can be regarded as a manifestation of the rising momentum is not so crazy. Coupled with the adjustment signals of large and small cycles, this shock is about to begin. As for the next important events, this week the market will have job vacancy data, small non-agricultural data on Wednesday, inflation PCE price index annual rate on Thursday, and large non-agricultural data on Friday.
There are still many highlights this week. If possible, I suggest you control your position and make the stop loss as large as possible. After all, every important event and data is an opportunity for market reversal. At the same time, coupled with the bets of market investors, the probability of sweeping the market is very serious. So either you participate with a light enough position and set a large enough stop loss. Or participate in the transaction at the key price. Specifically, you can take a look at my thoughts today:
International gold this morning was affected by the weekend news and opened lower and moved lower. From a technical point of view, there was a gap in the market. So today's trading should be based on the gap theory. The most important thing about the gap theory is to pay attention to the gap filling at the one-hour level. As shown in the figure, the black line represents the market filling the gap with shadows. At this time, our trading opportunity is 2747 bearish. As long as the shadow line covers the gap, it will be downward in conjunction with the jumping direction.
It means that the market will start a downward trend. 2747 is an important opportunity to participate. The second is based on actual performance. As shown in the solid line trend in the figure, the price fills the gap with entities at the one-hour level, which means that the gap theory is bullish for the future market, and the bullish trading opportunity will be bullish at 2737 as support. So these two prices are the key trading opportunities to focus on today.
Note that the market will experience the performance of the US non-agricultural employment data this week, and the interest rate decision and the US election next week. The risk will increase relatively, and the market fluctuations will also be greater. Therefore, when making intraday trading plans, you need to expand the price range as much as possible, control risks, and control your positions to participate in transactions.
Gold is approaching its all-time high as the market awaits major
With the strong recovery of the US economy, market expectations for future interest rate cuts by the Federal Reserve have gradually weakened. The 10-year Treasury yield rose to a three-month high on Monday, which usually puts pressure on gold prices. The US dollar index rose 3.6% in October, its best monthly performance since April 2022, making gold less attractive to overseas buyers. Although it is facing some pressure at present, the uncertainty of the general election may curb selling activity, and any action may have a greater impact on gold prices.
In terms of geopolitics, tensions between Israel and Iran remain the focus of market attention. Iranian Foreign Ministry spokesman Bagae said that Iran will not give up its right to respond to Israel's "aggression", emphasizing that under international law, countries that have been aggressed have the right to fight back. This statement may exacerbate market uneasiness and drive demand for safe-haven assets.
The Israeli Defense Forces completed a "precision strike" against Iran on October 26. Although the attack was small in scale, it still caused market concerns about the future situation. The Iranian military claimed to have successfully defended against the Israeli attack. This tension may continue to affect market sentiment in the coming weeks, and thus affect gold prices.
The strength of the dollar makes gold more expensive in dollar terms, which has dampened the willingness of overseas investors to buy. The market is confident in the strong performance of the US economy, especially in the job market and consumer spending, which has driven the further appreciation of the dollar.
The policy direction of the Federal Reserve will have a profound impact on the gold market. The market generally expects the Federal Reserve to discuss future interest rate strategies at its policy meeting on November 6-7. According to market expectations, the possibility of a rate cut remains, but market expectations for a rate cut have gradually weakened due to the strong performance of economic data. Federal Reserve officials expressed optimism about the economic outlook in recent speeches, believing that the current unemployment rate and inflation levels are within an acceptable range. This optimism may lead to changes in market expectations for future rate cuts, which will affect gold prices.
Because U.S. Treasury yields rose and the dollar strengthened, while investors were waiting for a series of heavyweight U.S. economic data and risk events to be released this week for clues about the Fed's interest rate outlook, but the uncertainty of the U.S. election and concerns about the geopolitical situation still provided safe-haven support for gold prices, so gold fluctuated upward on Monday. After the opening of today's market, the price of gold has risen strongly. At present, the short-term upward trend of gold remains good, so today investors continue to pay attention to the 2740 area of the 1-hour upward trend line support below, and continue to go long on gold after gold pulls back and stabilizes.
The JOLTs job vacancy data for October to be released today will become the focus of investors' attention. This data reflects the supply and demand situation in the labor market. At the same time, the US ADP employment data, personal consumption expenditure (PCE) data, and non-farm employment report will be released this week. These data will directly affect the market's expectations of the Fed's future policies.
If you are interested in my analysis, please comment and tell me, thank you
Perfectly achieved goal 2757The market is crazy.
After buying gold at 2741 price. Had a good nap. Hit the target directly.
I think there is nothing more pleasant than this. Is it because yesterday's market fluctuations were too stable, so today I was given a small surprise in advance?
I believe many people have seen the quick trading strategy I posted and bought it. That is worth toasting.
This is the fast trading strategy.It is a beacon on the road.It guides you in the direction and allows you to see the road clearly in the dark night.
OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD BITSTAMP:BTCUSD COMEX_MINI:MGC1!
Gold Price Analysis October 29Fundamental Analysis
Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious metal. Moreover, falling US Treasury yields kept US Dollar (USD) bulls on the defensive below the highest since July 30 touched on Monday, also supporting the commodity.
That said, bets for a less aggressive Federal Reserve (Fed) easing policy, coupled with concerns over deficit spending after the US election, should limit the downside in US bond yields and the USD. In addition, the underlying bullish tone in the global equity markets is keeping a lid on Gold prices. Investors also seem reluctant ahead of the key US macro releases this week - including the Q3 Advance GDP print, Personal Consumption Expenditures (PCE) Price Index and Non-Farm Payrolls (NFP) report.
Technical Analysis
Gold has almost reached the ATH zone today. A break of 2757 will see a price of 2770 soon. With the possibility that when the European session starts, if the price fails to break the upper band, it can push further to lower zones. 2742 is the first buy zone in the sclalping zone but it will not have as much value as the session port zone around 2725. Pay attention to the price zones to have favorable trading strategies.
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the resistance level of 2,757.00
General outlook
XAUUSD has been under buying pressure within the last day. The pair moved up to the resistance level of 2,757.00.
Possible scenario
The best way to use this opportunity is to place a sell order at 2,755.30.
Set your stop loss at 2,760.30 below the previous low ($4.00 loss for 0.01 lot) and take profit at 2,740.30 ($15.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
Gold short-term day trading plan.From the trend point of view. Compared with long and short positions, the bulls are still slightly stronger. So the operation is still mainly based on low buying.
The intraday trend maintains high fluctuations. The amplitude is about 15 US dollars. But it finally returned to the high level in the New York market, which is enough to prove the strength of the bulls.
At present, the gold price is maintained at the 2741 line. The analyst of the fast trading team said that in the short term, it can be maintained at a low buy below the price of 2735. Whether the pressure of the upper 2760 line can be broken. If it breaks through, continue to go long. If the pressure is very high. Then short selling at high levels can be maintained in the short term. Short selling at a high level. (This view is for reference only) Specific transactions are mainly based on real-time notifications.
There was no loss in trading failures on Monday. Others look at the record by the winning rate. I only measure the record by the losing record.
The fast trading strategy is tailored for: novices. Trading losses, those who want to expand profits but do not expand profits, and those who are unclear about the direction and do not know how to analyze the market. If you are also. Then you can try to change your trading style with fast trading strategies and get rid of those hateful labels. OANDA:XAUUSD CAPITALCOM:GOLD BITSTAMP:BTCUSD NYMEX:MCL1! BINANCE:BTCUSDT
The beginning of shorting gold prices.Just now I made a profit when I bought in the London market. Now I will make a profit after selling in the New York market.
The target is about 2731 additional position.
OANDA:XAUUSD CAPITALCOM:GOLD
10.29 Gold Short-term Professional Operation AnalysisLast Friday, the gold price generally showed an upward trend. The highest price rose to 2747.56 on the day, and the lowest price fell to 2716.9, closing at 2746.25. Looking back at the details of the gold market performance last Friday, the price was suppressed by the four-hour resistance position during the early trading, and then it was under pressure to go down as expected, and then it stopped going up again after falling in the European session, and the US session rose strongly again, and finally ended with a big positive state on the daily line. At present, gold is still above the daily support of 2692, so it is still more band-oriented for the time being. At the same time, the price in the four-hour period continued to fluctuate in the range of 2710-2758.5, with the middle position in the 2730 area, so the price in the range focuses on selling high and buying low. Considering the overall bullish trend, the focus is on the subsequent upward trend in the range, and the price will continue after breaking the range.
Intraday operation:
Gold 2719-20 range is more, defending 10 US dollars, target 2730-2750
XAUUSD: Future ups and downs depend on today's closing priceThe conflict in the Middle East broke out again over the weekend. Israel attacked Iran's military facilities, which led to a surge in risk aversion over the weekend. However, a different voice appeared in the market. Israel's retaliation against Iran was more like an explanation to the people. Since the attack did not pose a major threat, the market believed that Iran would not respond to it.
This also explains why gold opened more than ten dollars lower today, and crude oil opened significantly lower than more than 3 dollars.
Let's get back to the point. My opinion on today's gold is that it needs to be observed. Today's closing situation is very important for the future trend of gold. If the gold price can close above 2735-2740 tonight, then the gold price will start to rise.
On the contrary, if it closes below 2735-2740, there may be adjustments.
For the day, I am more optimistic about buying at low levels and bullish
GBPUSD plan analysis week 44🌐Fundamental Analysis
In the absence of high-impact macroeconomic data and fundamental drivers, GBP/USD may react to changes in risk sentiment on Monday. On Wednesday, the UK government will present its Autumn Budget. The US economic calendar will also feature important data releases in the second half of the week.
The US Bureau of Economic Analysis will release the first estimate of annualized Gross Domestic Product (GDP) growth for the third quarter on Wednesday and release the Personal Consumption Expenditures Price Index (PCE) figures for September on Thursday. Finally, the US Bureau of Labor Statistics will release October labor market data on Friday.
🕯Technical Analysis
GBPUSD is trading within a bearish channel, and to break out of this channel, GBPUSD must trade above 1.3000. The areas of interest for next week are 1.31000 and 1.28200. This is the trading range for the week. Next week there is Nonfarm news pay attention to the further port area at the further support resistance area around 1.322-1.270.
GBPUSD entry analysisGBPUSD Analysis
After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency.
The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week.
Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day.
Technical Analysis
GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.
10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly.
The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate.
1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40.
2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction.
3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing.
Intraday thinking plan:
BUY:2715 SELL:2740
Gold Price Analysis October 28Fundamental Analysis
Gold prices edged lower to near $2,735, snapping a two-day losing streak in early morning trading in Asia on Monday. However, the precious metal’s losses may be limited amid geopolitical tensions and ongoing uncertainty surrounding the US presidential election.
Buying by central banks and rising demand from investors have pushed up prices of the yellow metal. The World Gold Council said that central banks around the world have bought more than 1,000 tonnes of gold in each of the past two years, with China topping the list of countries looking to increase their gold reserves.
On the other hand, a slower pace of interest rate cuts from the US Federal Reserve amid stronger US economic data has weakened the yellow metal. According to CME's FedWatch tool, traders are currently pricing in a 97.7% chance that the Fed will cut interest rates by 25 basis points (bps) in November.
Technical Analysis
Gold is approaching the gap again and forming an uptrend if it breaks the important zone of 2750. The all-time high of 2768 will still act as resistance at the moment. On the other hand, a break of 2725 is considered an opportunity to find long-term buying points. 2711 and 2723 are two areas to watch in today's trading session. Wish you a successful trading day.
Time to Sell your $GOLDGOLD Over-extended.
Looking for signs of weakness
*** THIS IS A WEEKLY CHART *** Could take months to fully playout,
PLEASE YOLO YOUR LIVE SAVINGS *at your own risk* - NOT FINANCIAL ADVICE
2731-2725 Short Sell,SELL XAUUSD
Overnight gold prices continued their bearish trend again, and the fast trading strategy members made another good profit.
Trading is like this, buy in a bullish trend and sell in a bearish trend, so as to earn the difference and make a profit.
Don't miss the deal in hesitation. I said this a month ago. Now is the best time to trade the market. Trading is a place to experience risk, passion, and thus expand profits. Whether you are a novice or an old hand, you will have different gains.
This week, most members of the fast trading strategy have achieved a profit of more than 168%. A few are less than 80% due to the time of joining the group. In addition to accurate market analysis and strict guidance, all members have achieved different levels of profit.
This is the result I want to see. This is also my original intention.
Today is the last trading day of the week. The market may not be particularly volatile, but there are still opportunities to expand profits and recover losses. If this is you, don't hesitate. The strategy of the Fast Strategy Group is definitely suitable for you. Whether you are a novice or an old hand.
Supplement. Today's trading market is mainly short at a high level. The trading strategy notified in real time by the fast team is the main one.
Did you follow the low position to buy yesterday?
If you didn't follow. It's a pity, you just missed the profit of more than 20 points.
After the big drop yesterday, it rebounded overnight. And I just announced the fast trading strategy. The market development trend is consistent with my fast trading strategy, and the target is 2725-2740. The obvious pressure is 2735-2740. At present, the increase in the Asian market and the London market is almost the same. There is a big upward pressure in the short term, so we will not buy. Selling is the main thing.
A head and shoulders posture is also formed above. Whether you have large funds or small funds, you can make money by selling gold prices.
The 2735-2740 range is mainly short-selling.
tp2724-2714, you can close it at any time when the profit reaches your expectations.
OANDA:XAUUSD BITSTAMP:BTCUSD CAPITALCOM:GOLD
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing candle body close above 2746 with gap above at 2752. Ema5 cross and lock will open the full range above. We also have 2736, as weighted Goldturn support and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2746
EMA5 CROSS AND LOCK ABOVE 2746 WILL OPEN THE FOLLOWING BULLISH TARGET
2752
2762
BEARISH TARGETS
2736
EMA5 CROSS AND LOCK BELOW 2736 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2728 - 2720
EMA5 CROSS AND LOCK BELOW 2720 WILL OPEN THE SWING RANGE RANGE
SWING RANGE
2707 - 2692
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week, which we have been tracking and trading for the last two weeks and only updating the retracement and swing range, as we go on.
Last week we stated that we had candle body close gap open to at 2737 on market open but needed ema5 cross and lock will further confirm this.
- This played out last week perfectly and gave us the mea5 lock confirmation followed with the target hit.
We also stated that we had a bearish target below at 2715.
- This target a=was also completed last week
We now have a candle body close above 2737 opening 2760 and ema5 cross and lock will further confirm and solidify this gap. We have support below at 2737 and weighted support at 2715. A break below the weighted support will open the range below otherwise we are likely to see bounces from these support levels.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2760 (EMA5 LOCK ABOVE 2737 WILL FURTHER CONFIRM THIS)
POTENTIALLY 2779
EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET
2797
POTENTIALLY 2814
BEARISH TARGETS
2737
2715
EMA5 CROSS AND LOCK BELOW 2715 WILL OPEN THE SWING RANGE
SWING RANGE
2693 - 2669
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD DAILY CHART SHORT/MID TERM ROUTE MAPHey Everyone,
Please see update on our daily chart idea that we have been tracking for a while with the updated retracement and swing range.
Previously after completing 2690 target, we stated that we had a candle body close above 2690, opening 2725, as ema5 was still lagging and that we got the push up nicely but just short of the target, which remained open for last week.
- This was hit last week completing this target!!!
We now have a ema5 cross and lock above 2725 for a continuation above with a gap open to 2760. Failure to complete this gap will see price test the retracement range for bounces and a further lock below the retracement range will open the swing range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Please see update on our weekly chart idea that we have been tracking and trading over the last 4 weeks.
Last week we stated that we had a candle body close gap open to 2729 for our long range AXIS TARGET.
- This was hit this week completing the target perfectly!!
We are now seeing a body close above 2729 leaving long range gap open to 2856. Ema5 lock will further confirm this long range target.
We will also be keeping in mind the channel top for long range corrections, which is likely to provide support like we stated if tested at all.
As stated before if the channel top continues to provide support then we will track the movement up, confirmed with ema5 cross and lock or candle body close.
However, if we continue to see tests on the channel top and then get a break inside the channel, then we will track the movement down, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gap for the future..
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
