Week of Consistent Wins: Gold Strategy PositioningThis week’s gold strategy has achieved a remarkable 100% success rate, with those who closely followed the trades seeing a 200% profit—congratulations to everyone on consistent gains! Today marks the final trading day of the week, and this key setup will define our closing profitability for the week.
Fundamental Analysis:
The “U.S. Initial Jobless Claims for the week ending October 19” was a significant bearish driver for gold yesterday, leading to a sharp price drop. This further confirms the strengthening U.S. economy, which continues to weigh on gold. Today’s “October University of Michigan Consumer Sentiment Index Final” will also reflect U.S. economic conditions and likely adds to the bearish sentiment on gold, presenting another trading opportunity.
Technical Analysis:
Although the daily chart previously formed a bullish engulfing pattern, this setup has invalidated as gold prices moved higher, and buying pressure increased. Additionally, the Relative Strength Index (RSI) has ceased its decline and is resuming an upward trajectory in the bullish region, signaling renewed buyer interest.
Today's Strategy:
Based on a combined analysis of fundamental and technical factors, today’s first move is to go long on gold, with a profit target at the 2733-2734 level. After the long position reaches the target, a short position can then be initiated with a profit target between 2720-2718.
Given the complex nature of today's trades, if you require my guidance or wish to join the VIP for more real-time strategies, feel free to reach out!
Xauusdsell
XAUUSD: Key support 2718-2712As expected, gold rebounded today, reaching a high of around 2743, and then the price fell again. The shorts who entered at high levels made profits again, and everyone made good profits.
The current price is still falling, and the upper resistance is dense. Shorts seem to have become the focus of short-term trading.
From the perspective of pattern construction, there are signs of head and shoulders. If it is formed, then falling below 2700 will become inevitable. 2718-2712 is the support area that needs to be paid attention to.
Gold Trading Strategy: Continued Selling and Rebound ObservationAfter the rebound, gold has dropped again, now breaking below MA60, with short-term moving averages acting as resistance. I believe it’s prudent to continue selling today, with signals already shared at the market open—our regulars have already enjoyed some profits.
With the current rebound, I recommend using MA60 and MA30 as reference prices for selling, targeting around 2712. We can then assess the market reaction before deciding whether to buy back in.
Gold: A Rebound to 2730 is Not a ProblemYesterday, gold experienced a dramatic decline. I'm curious how everyone fared—did you make a profit or incur a loss? If you made money, you can continue to profit today; if you lost, follow my lead today, and I’m sure I can help you.
In scenarios like yesterday's drop, a rebound is inevitable. Remember this: after a significant decline, a rebound will follow, and after a significant rise, a correction will occur. These are major trading opportunities that every trader should seize.
For this rebound, we won’t set overly ambitious targets. Although my psychological expectation is above 2740, I’m not willing to take that risk. I’d prefer to close my buy positions before hitting 2740 and patiently wait for it to rise before considering selling.
That’s all for now. If you want to see more detailed and specific signals, reach out to me, and you'll gain access.
XAUUSD: Party is over? SELL!!!Hi traders, even though XAUUSD is still flying high, we are seeing potential consolidation and chart has failed to create another higher peak in M30.
There is potential XAUUSD will pause its bullish rally and reverse price towards 2700 price point.
In the smaller timeframe as shown in the chart, you can see that XAUUSD is already breaking the trendline and have higher chance to continue downside movement
Good luck!
XAUUSD: Buy@2716-2700 TP2728-2738Today's fluctuations in gold have been massive, dropping from 2758 to 2708. Anticipating a decline, I mentioned continuing to short in my initial strategy, but I didn't expect the bears to be so aggressive, driving the price down by $50. Given this situation, even if there are sudden negative news reports today, it's unlikely that gold will drop more than $15 again.
Therefore, from now until the U.S. market opens tomorrow, the trading direction should focus on buying. I believe that before Friday's close, the price could at least return to 2732, or even higher. However, when trading, we shouldn’t set our take profit too high; we should leave some buffer space.
The rise should not be abrupt but rather a gradual upward movement. For those who prefer not to trade frequently, after buying, setting the take profit around 2728 should be sufficient. As for future trades, we can decide based on market conditions.
Sell gold again in the 2740-2750 areaBros, yesterday, gold retreated and once fell below 2710, laying a good foundation for the decline. Although gold has rebounded to around 2740 again, compared with the previous period, the attitude of gold rising is not firm, so relatively speaking, the current gold short position is more attractive.
The current rebound of gold may be a trap set to trap more bulls, so I am definitely not willing to go long on gold at present; from the technical structure, gold has signs of building a head and shoulders top in the short term. So in terms of short-term trading, I prefer to short gold. So now we can short gold in batches again in the 2740-2750 area.
Bros, are you optimistic about shorting gold?
Bearish pattern - XAU correction ! 2700⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices are recovering part of Wednesday’s decline from the record high of $2,759 early Thursday. The rebound is supported by a pause in the US Dollar's rise, as US Treasury bond yields stabilize ahead of the preliminary S&P Global US PMI data.
Gold is now awaiting the US PMI data for further direction. The slight pullback in the USD and yields is likely due to improving market sentiment in Asia after Wall Street's tech sell-off. US equity futures are also recovering, helped by Tesla Inc.’s positive earnings report, which provided some relief to investors.
⭐️Personal comments NOVA:
A HEAD AND SHOULDERS model is forming, long-term H2 frame RSI bearish divergence. Expect gold's correction to approach 2700 - 2680
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2763 - $2765 SL $2770
TP1: $2755
TP2: $2747
TP3: $2740
🔥SELL GOLD zone: $2739 - $2741 SL $2744 scalping
TP1: $2735
TP2: $2730
TP3: $2720
Note the support zone: 2680
🔥BUY GOLD zone: $2701 - $2703 SL $2696
TP1: $2710
TP2: $2718
TP3: $2725
⭐️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
Gold Bearish Retracement and Pre-Data PositioningYesterday's sharp bearish move in gold resulted in significant pullbacks, and those who followed the strategy have reaped substantial profits. Congratulations to everyone who acted accordingly. For those still on the sidelines, please carefully review my strategy. When the market reaches the anticipated levels, you must act decisively—hesitation only leads to missed profits.
Fundamental Analysis:
Due to ongoing conflict in the Middle East and significant uncertainty surrounding the U.S. elections, gold remains supported by safe-haven demand in the medium to long term, which limits its downside potential. Overall, the big picture for gold still leans towards an upward trend. However, the recent decline is largely driven by the strengthening U.S. dollar and rising U.S. Treasury yields, reflecting positive developments in the U.S. economy. Today's "Initial Jobless Claims for the week ending October 19th" is likely to add bearish pressure on gold. In anticipation of this data, we can initiate short positions before its release.
Technical Analysis:
On the daily chart, the market is showing a clear "avalanche" pattern, with a large bearish candlestick breaking through the previous two days' bullish momentum. Prices have rebounded to a key resistance level around 2740, forming a bearish engulfing pattern at this short-term top. Therefore, the ideal short entry point is around 3738.
Today's Strategy:
Before the data is released, short positions should be initiated around 3738. If the data proves bearish for gold, and prices fall to 2725, we can switch to long positions.
Today's trading setup is somewhat complex. If you're unsure how to execute these trades or need detailed guidance, feel free to reach out to me for personalized support.
XAUUSD: Today’s target is 2700 points, short on rebound highToday's trading strategy:
The support area of 2725-2720 was broken yesterday, and the overall trend of gold prices has been destroyed, so we can no longer maintain a bullish view.
From the hourly chart, the current gold price may form a head and shoulders top pattern. If this pattern is confirmed, it will enter a correction cycle.
The resistance area we need to pay attention to above is around 2740. As long as this position is not effectively broken, the gold price will start to fall, and it is very likely to test 2700 points.
Gold +100 Pips 0 Drawdown , New Entry Valid To Who Missed It !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Bearish P.A On Gold , Short Entry Ready To Give Us 500 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold Trading Strategy: Focus on Selling TodayYesterday, we bought and made some profits, and today we’ll primarily focus on selling.
The trading signal I released before the market opened suggests selling in the 2746-2752 range, with a TP set at 2738-2734. Some friends may have already traded based on the signal they received earlier; you can still join in.
Gold is currently within the selling range, and if you’re looking to place this order, now could be an even better position.
I will continue to monitor market trends, and any changes in trading will be communicated promptly. Stay tuned, and feel free to leave me a message if you have any questions.
XAUUSD: Sell, Add Positions At 2746-2751Today, gold broke through the resistance around 2728 and returned to the vicinity of 2738. Indicators show that resistance remains significant, so I recommend continuing to sell within the 2738-2743 range.
If prices continue to rise, I expect to encounter strong resistance in the 2746-2751 range. At that point, the market is likely to experience a pullback, and a return to around 2738 should not pose too much of a problem.
Therefore, today’s trading strategy is to sell in the 2738-2743 range and add to the sell position in the 2746-2751 range.
Reinitiating Gold Bearish StrategyToday, I will once again reveal my bearish strategy, entering short positions decisively at 2755. The emergence of a large bearish candlestick has successfully breached the 2750 support level, with prices even dipping to around 2700, allowing for anticipated profits from short positions. Opportunities favor the prepared; if you're still on the sidelines, you may be missing out.
Technical Analysis:
The hourly chart for gold has developed a distinct bearish pattern, with the large bearish candlestick exhibiting a free-fall movement, piercing through all support levels. The current K-line rebound continues to signal a bearish trend, expected to breach key support lines once again. Additionally, the moving averages have shown a clear downward reversal, indicating that the market's strength has shifted decisively downward. In the short term, we will continue to monitor the topping pattern, with 2725 remaining an optimal point for short entries.
XAUUSD: Sell above 2756Today, gold prices rose to around 2758 before retreating. From previous trends, there is support around 2748, and the 2743-2738 range is also significant.
Currently, the market structure is not favorable for bulls, making support crucial. In terms of trading strategy, I am leaning towards short positions today, with a key entry point at 2756, which I shared yesterday, and an additional position in the 2760-2764 range.
If the price breaks below support directly, we may need to adjust the strategy and consider going long around the main support levels, but the target should be kept modest, ideally within $6.
Additionally, there will be news releases half an hour before the New York session, which could have a substantial impact on the market, so please pay close attention while trading.
Precision Strike: Gold Bearish Trend on the Verge of UnfoldingNo need for excessive explanation—the current gold market trend is clear, and a pullback is imminent. I am confident that now is the ideal moment to go short, focusing on swift, accurate, and decisive moves. With bearish positions already in hand, we are well-prepared for a significant price drop.
Technical Analysis:
The hourly chart for gold has displayed a strong bearish movement. The large bearish candlestick has decisively engulfed the previous bullish candlestick, forming a classic "bearish engulfing" pattern. From a technical perspective, the price will inevitably revert to the moving average. After an extended rally, gold is showing signs of exhaustion, and this single bearish candlestick has shattered the current strength, signaling a major reversal.
With the bearish momentum building, a short position around the 2755 level after a rebound is highly recommended.
Fundamental Analysis:
Additionally, there will be several bearish factors in the news today supporting further downside movement for gold. Therefore, for short-term traders, maintaining a bearish bias is advised to capitalize on the market’s downward momentum.
Selling gold price is the best timeOvernight, gold prices reached a new high, resulting in substantial profits for long-position traders. Market participants who responded to the news and utilized effective strategies achieved significant gains.
Market Trend Analysis: Currently, gold prices have entered an overbought zone, facing considerable short-term pullback pressure. Additionally, geopolitical tensions have eased, providing more volatility opportunities for the market.
In this environment, short-selling is undoubtedly the more prudent choice. Over the past month, we have consistently delivered precise rapid trading strategies, with participants achieving at least four notable profit opportunities each day.
Current Market Conditions: The spot price of gold is $2757. The strategies are as follows:
Short-sell when the market reaches $2765-$2770;
Go long when the market falls to $2749-$2744.
Trading strategies and signals are time-sensitive, so please stay tuned for the latest updates to capitalize on optimal trading opportunities.
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Gold Trading : A Must-See OpportunityToday’s trading went very smoothly. I sold at 2746, took profit at 2738, then bought back at 2738 and closed in the 2742-2745 range—perfectly timed.
Some friends receive only one signal a day, while others get two, and some can access every trading signal I send. It all depends on your individual choices and preferences.
Currently, gold has broken above MA5 and returned to 2746, with MA60 as a reference for support and resistance temporarily at 2750. Today’s decline started from this level, and any upward movement will need to be assessed through trend lines, targeting around 2760.
If it truly rises to this level, I believe there’s a high chance it will drop back to around 2750.
Gold prices will continue to rise after the market opens
As of the market close, a total of six trades were executed today, with two sell orders at $2732 and $2738, and four buy orders around $2727. All members of the rapid trading strategy group reported profits, and low-position buy orders are being held into the close, anticipating a target exit above $2731 tomorrow.
The current market remains in a bullish trend, with recent pullbacks considered mere technical corrections. The recommended strategy is to focus on buying at lower levels, with critical support identified in the 2700-2712 range. I expect the market will likely break through upper resistance this week.
While the U.S. dollar remains strong, the impending impact of interest rate cuts could provide upward momentum for gold. Additionally, geopolitical factors may also support price increases. In the coming hours, gold prices are expected to experience notable gains, making buying at the market open a prudent choice. The likelihood of an upward movement in the Asian market is very high, followed by a technical correction in the London market before a significant rise in New York. This is my fundamental view for the market tomorrow.
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Some investors may perceive limited trading opportunities in gold, even facing ongoing losses; however, I disagree. As Warren Buffett famously said, "Be fearful when others are greedy, and greedy when others are fearful." Market opportunities often lie within the current volatility. If you are facing losses, low profits, or uncertainty about your trading direction, please feel free to reach out—I will respond promptly.
Wishing everyone profitable trading in the market each day.