XAU/USD : Another Bullish Move Ahead? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that, as expected last night, gold showed an upward movement with the market opening. After maintaining its position above the noted support level, it reached the targets of $2739 and $2744. Currently, gold is trading around $2742, and we’ll need to watch over the next two hours to see if it can stabilize above this level.
The key demand zones are $2738.6-$2739.7 and $2727-$2733, while the important supply zones are $2747, $2752, and $2757.
Xauusd(w)
Bump and Run Alert! Gold on the Verge of Correction?The “Bump and Run” pattern is emerging on XAUUSD's 4-hour chart, signaling a potential correction phase after its impressive rally. Without fundamental support or fresh positive news, XAUUSD could be heading back to test key support zones in the near term.
Key Support Zones to Watch:
First Support Zone: $2,675
Second Support Zone: $2,605
XAU/USD Analysis: Gold Price Chart Displays Bearish SignalsXAU/USD Analysis: Gold Price Chart Displays Bearish Signals
Analysing the XAU/USD chart on October 18, we:
→ Established a long-term upward channel (indicated in blue);
→ Suggested that the target for bulls might be the upper red line, drawn parallel to the red corrective channel.
Since then:
→ The gold price rose to the upper red line and the top of the blue channel,
→ But then experienced a bearish reversal, dropping sharply on October 31 amid economic news.
Today, technical analysis of the XAU/USD chart shows several bearish signals, specifically:
→ Gold has moved into the lower half of the blue channel, crossing below its midpoint—indicating supply pressure;
→ The $2757 level has once again acted as resistance (marked with arrows);
→ A bearish "Head and Shoulders" pattern (SHS) is forming on the chart.
A central question for November will likely be whether bulls can keep the gold price within the ascending channel. The channel’s lower boundary may serve as a support level.
However, it’s possible that, with new developments in geopolitics and macroeconomics, the XAU/USD chart will continue to display price action within a more defined downward channel.
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XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce.
This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand.
From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting.
Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
GOLD - History Repeating Itself... Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔I find the Gold 4H chart interesting.
Do you see a pattern here?
Look at the first three purple projections.
Gold broke below a low (marked in red), which signaled the start of a correction.
The correction was short-lived as the bulls took control again by breaking back above the red zone, triggering the next impulse phase.
Currently, Gold seems to be pausing, which might indicate the start of another correction phase.
🔄If history repeats itself, to signal a new impulse movement, we first need a break below the current low around $2,710, followed by a break back above it.
This projection could lead to the upper bound of the blue channel, around $2,850.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Gold Prices Rise, Promising Recovery After the ElectionHello everyone,
The price of gold has risen slightly to $2,735 per ounce in the morning trading session on Monday after a slight adjustment over the weekend due to profit-taking pressure and a strong US dollar.
The main driving force behind the increase in gold prices remains the political instability, particularly the ongoing election between former President Donald Trump and Vice President Kamala Harris, which is prompting investors to turn to gold as a safe-haven asset. Additionally, geopolitical tensions in the Middle East and prolonged inflation forecasts are also contributing factors supporting gold's upward trend.
It is expected that gold price will continue to increase in the near future. The political instability and the need for deep assets in the context of global tensions will be the main driving force of this increase. If the economic indicators from the US are unfavorable, the gold trend may be further strengthened.
XAU/USD Short Opportunity: Watching for Support Break 15 min Gold (XAU/USD) is testing a support zone (marked in green) on the 15-minute chart. If we see a clear breakdown of this level, the next target is our lower support zone, where buyers could potentially step back in.
For those in short positions, consider reducing exposure if the price returns to this zone, as it may present a bounce opportunity. Watch for confirmation before considering any long entries.
Correction Gold. H4 04.11.2024Correction Gold 📉
On gold, I expect a deep correction to the buyers' target zone of 2637-2666.
Just above the zone is the margin and also hits a strong accumulated volume
profile on the rise. Together these factors give a high probability of a price
bounce if it can reach the zone. From the current 2730 from 1/2 of the margin
a bounce is also possible, but given the importance of the current week,
the US elections on 5 November and the Fed rate on 7 November, we should
consider the possibility of a deeper correction.
CAPITALCOM:GOLD
XAUUSD, 15-MINUTES TIMEFRAME CHART XAUUSD, 15-minute timeframe chart
XAUUSD touched the support level of 2,734.00
General outlook
XAUUSD has been under selling pressure within the last couble of hour . The pair moved up to the support level of 2,734.00.
Possible scenario
The best way to use this opportunity is to place a buy order at 2,735.
Set your stop loss at 2,727. below the previous low ($8.00 loss for 0.01 lot) and take profit at 2,755. ($20.00 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
XAU/USD 04 November 2024 Intraday AnalysisH4 Analysis:
Analysis/bias remains the same as analysis dated 31 October 2024
-> Swing: Bullish.
-> Internal: Bullish.
Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal.
Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation.
Price is now trading within an established internal range.
Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high.
We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
As noted in my analysis dated 01 November 2024, I mentioned that I would confirm internal structure if the price reached the premium of the 50% EQ of the internal range. Price has now achieved this, confirming the internal structure.
Although price has made attempts to target the weak internal low, it has not yet succeeded.
Intraday Expectation: Price is expected to continue targeting the weak internal low.
M15 Chart:
Gold prices continue to rise from $2750What do you think about gold today? Let's discuss and strategize for the day!
Gold (XAUUSD) fell significantly yesterday, with prices falling below $2,780 and now hovering around $2,750 — marking its best recovery since mid-October. So, what's driving the metal?
Key drivers:
Gold's uptrend is supported by fundamentals, especially the possibility of the Fed pausing rate hikes if inflation continues to slow. Additionally, geopolitical tensions and a weaker US dollar are boosting gold's appeal as a safe-haven asset.
XAUUSD's new outlook:
If gold holds within its current rising channel and breaks above the key resistance level of $2,790, we could see gold prices reach new highs, heading towards $2,820 or higher.
Short-term levels to watch:
Major support: $2,740 - $2,750
Major resistance: $2,780 - $2,790, with the next target at $2,820 - $2,830
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
Xauusd buy confirm signal Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790.
Gold now buy 2739
Support 2752
Support 2758
Gold price continues the long -term trend from 2700Hello market warriors! In today's session, XauUSD is gradually looking for a potential area to buy about 2700 USD. This adjustment is not a coincidence, but because Gold witnessed the leaps of last week, largely due to instability revolving around the race of the US president, escalating tensions in Middle East and Kha Kha's expectations. Fed interest rate decreases.
This week, the focus of the market will focus on the US election, decide the interest rate from the Fed and a series of important economic data, from the requirements of unemployment benefits to the psychology of consumers. use. These will be big wave factors for gold prices!
Currently, gold is still surrounded by $ 2750 per ounce, continuing to strengthen the long -term increase.
I wish you a successful transaction!
Gold Is Approaching Higher Timeframes TrendHey Traders, in tomorrow's trading session we are monitoring XAUUSD for a buying opportunity around 2700 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2700 support and resistance area.
Trade safe, Joe.
The USD strengthens, and gold continues to declineThis decline is occurring due to profit-taking pressure from investors, many of whom are seizing the opportunity to sell as prices peak. Experts believe that the movements in gold prices are being influenced by the upcoming U.S. elections and the Federal Reserve's interest rate decisions.
This week, market sentiment will be shaped by these events, along with data on service sector activity, weekly unemployment claims, and consumer sentiment reports. Additionally, gold prices are also affected by the USD reaching a three-month high, fueled by strong signals from the U.S. economy and the potential re-election of Trump.
Today, gold is fluctuating around 2,741 USD/ounce. Currently, the EMA 34.89 has reversed, indicating that gold is in a downward trend. The resistance level at 2,756 will pose a significant challenge for gold at this time. Forecasts suggest that gold prices could drop to the support level of 2,731, with the possibility of breaking through this level and falling further.
Will gold reverse and increase again this week?
Gold rebounds ahead of U.S. elections, market cautious on Fed.Gold prices have halted their adjustment from the record high of $2,790 set on Friday, as the U.S. dollar faces strong selling pressure. The gap opened lower following the latest poll results regarding the U.S. elections, which showed Kamala Harris surpassing Donald Trump in Iowa, marking a significant shift. The presidential race between the two candidates is intensifying, with Americans set to vote on Tuesday.
Additionally, U.S. Treasury yields are also declining due to market caution and expectations that the Fed will cut interest rates by 25 basis points on Thursday, which has supported non-yielding gold prices.
Personal opinion:
Gold prices are heavily influenced by the U.S. elections and the economic situation. Kamala Harris leading in the polls might make investors feel more optimistic. The drop in bond yields also indicates that people are looking for safe places to invest, increasing gold's appeal during this uncertain time.
Pay attention to price levels:
Buy zone: 2727 - 2725
SL: 2720
Sell Zone: 2747 - 2749
SL: 2754
Sell Zone: 2760 - 2762
SL: 2767
Bearish trend, sell on highsGold surged and fell on Friday. From the chart, the price fell sharply on Thursday. The price fell below the upper line and the acceleration line. There was a short-term signal of turning short. The auxiliary indicator MACD formed a dead cross at a high level. It is currently suppressed by the moving average. 2750 can be shorted under pressure!
Gold surged and fell last week. Gold began to weaken. The rebound is to continue to give shorts opportunities. Gold surged and fell in the last two days of last week. There is still room for shorts. The 1-hour moving average of gold has formed a downward dead cross. The 1-hour falling space of gold has also opened. The resistance of the gold moving average has moved down to 2757. You can continue to short at highs below 2757 in the Asian session. You can try it near 2750 first.
Trading strategy:
2718~2757 range sell high and buy low.
First support: 2730, second support: 2718, third support: 2700
First resistance: 2747, second resistance: 2763, third resistance: 2775
Gold price will reach 2800 this weekLast week, gold's direction was strongly influenced by concerns surrounding the race for the White House by former President Donald Trump and Vice President Kamala Harris and the conflict in the Middle East and expectations of the US Federal Reserve. (Fed) will continue to cut interest rates at the upcoming policy meeting. This week, the US election and the US Central Bank's interest rate decision will dominate the sentiment in this precious metals market.
Both experts and retail investors say that it is difficult to predict the direction of gold this week, because this precious metal is still influenced by the situation in the Middle East, the US election and the civil war. Fed policy meeting. SIA Wealth Management market strategist Colin Cieszynski said that gold is at $2,750 an ounce and appears to be starting a normal consolidation process, but the underlying long-term uptrend remains intact until now. Now.
However, the appeal of this precious metal is still maintained and the price reached 2,800 USD/ounce last week. This shows the strong resistance of this precious metal.
The gold market will stabilize after the electionThe focus of the financial market is the US presidential election, which is about to enter a key moment. According to poll results, former President Donald Trump and Vice President Kamala Harris compete fiercely. However, investors are taking cues from the betting market, which has shifted in Mr. Trump's favor.
The USD hit a 3-month high on data showing the US economy remains strong and Trump's victory is likely.
Fed policymakers are almost certain the US Federal Reserve (Fed) will cut interest rates at its November meeting. The Fed's next policy meeting is expected to begin immediately after the election US President on November 5. The Fed's first rate cut in September brought the policy rate down to a range of 4.75-5%.
Data released last week showed that the core personal consumption expenditure index (excluding food and energy prices) increased 2.7% in 12 months. Inflation has remained at this level for the past 3 months.
🔥 XAUUSD BUY LIMIT 2733 - 2731🔥
✔️ TP1: 2755
✔️ TP2: 2765
✔️ TP3: OPEN
🚫SL: 2724
🔥 XAUUSD SELL LIMIT 2753 - 2751🔥
✔️ TP1: 2745
✔️ TP2: 2735
✔️ TP3: OPEN
🚫SL: 2760