Gold

Roger.

Price rallied because some news pop up. Let's see if Bulls can maintain the momentum or not. Next two H4 candles are important to me... where they'll close.
Also, perfect example why we don't move our SL once it's in.

SL should be at some place where the setup (strategy) basically no longer works.

SL @ 2648

not getting stopped out of a big move for the sakes of 100 pips

2790 incoming imo

US allegedly has intel of 'imminent' Irani attack on Israel
https://breakingthenews.net/Article/...srael/62808589
https://breakingthenews.net/Article/...order/62808467

bears/bulls both be careful! i think maybe something new geo-politics issue accelerator!

yep. She’s looking good for the bulls early on in the month.

there’s zero reason for any substantial pullback or trend change.

she goes up.

All my Indi and my object line going up...
But I think this going down....

Senior White House Official tells me: “The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel"

FWIW. I would hazard a £10k guess that we get an aggressive & impulsive move early in the month, close the month with a large doji but, carry on up into November & December

As of now, XAU/USD (gold against the US dollar) is experiencing a slight upward technical bounce. The price of gold is hovering around $2,647.35 after rebounding from a low of $2,624. However, gold is still trading within a downtrend channel that has persisted since late September, while also following a broader uptrend since early September.
Key resistance levels for gold are at $2,649, $2,653, and $2,656. If it fails to break above these levels, the bearish trend may resume. On the other hand, if gold consolidates above $2,660, it could potentially rise to $2,685 or even $2,734 [[❞]](https://tradingeconomics.com/commodity/gold) [[❞]](https://www.fx.co/en/analysis/366952).
This suggests that the short-term movement may continue to flucuate depending on market reactions around these key price points.

- chatgpt..

thanks very much again silver

you bears need to chill, i keep telling you

JOLTS in 2 minutes.

Good job! Silver is the most rewarding and one of the hardest metals to trade due to it's entry price and volatility. Big risk and big reward.

DXY is shooting up, this move from Gold is purely geopolitical

the move from 1900 ?

Both fundamentals and technicals support Gold rising up friend. Gold isn't a currency so it not necessarily follows the movement of DXY. Although rare but it do happened, the time when both DXY and Gold went up.

We could be witnessing the 3rd rally on the H4 TF which should lead us above 2700$, but let's see first where H4 candle will close. We still have a ton of news this week, CPI next week as well.

Lower TFs have started turning Bullish due to this recent move now. Even H1 TF is slowly being taken back by Bulls. H4 TF is the most interesting to me right now.

out.. more than 1200 pips for one week... on two accounts..
everyone made fun but like Pedro, is nobody.. #OWL

Stocks have returned some gains recently which is normal. What is worrying is the price of oil and the pace at which it's moving up.

For XAU/USD analysis, here are some key points to consider based on current market conditions:
1. **Technical Analysis**:
- Gold is currently facing resistance around **$2,662 to $2,670**. If it breaks through this level, it could potentially target **$2,700**. Support levels are at around **$2,640**, and a failure to hold above this level could signal a bearish trend [[❞]](https://www.myfxbook.com/forex-marke...istorical-data) [[❞]](https://www.investing.com/news/commo...inties-3514495).
- The recent price action suggests a possible range-bound trading scenario unless a significant catalyst drives a breakout.
2. **Market Sentiment**:
- Investors are increasingly viewing gold as a hedge against uncertainty, particularly given geopolitical tensions and economic fluctuations. The sentiment remains bullish, especially with central banks continuing to purchase gold, as noted by various analysts [[❞]](https://www.tradingview.com/symbols/XAUUSD/) [[❞]](https://www.investing.com/news/commo...inties-3514495).
3. **Economic Indicators**:
- Keep an eye on upcoming economic data releases, such as U.S. employment figures and inflation reports. These can significantly impact gold prices, especially if they suggest further monetary easing from the Federal Reserve [[❞]](https://www.investing.com/news/commo...inties-3514495) [[❞]](https://www.tradingview.com/symbols/XAUUSD/).
- The Fed's interest rate decisions remain a crucial factor. As the Fed signals a potential shift toward rate cuts, gold may attract more investment [[❞]](https://www.investing.com/news/commo...inties-3514495).
4. **Fundamental Factors**:
- Central bank purchases and strong physical demand continue to support gold prices. Analysts from various institutions, including Bank of America and Citi, have bullish projections for gold, citing ongoing strong demand and investment trends [[❞]](https://www.investing.com/news/commo...inties-3514495) [[❞]](https://www.tradingview.com/symbols/XAUUSD/).
- Watch for news regarding central bank activities, especially from major buyers like China and India, as their purchasing patterns can impact global supply and demand dynamics [[❞]](https://www.investing.com/news/commo...inties-3514495).
In conclusion, if you’re considering trading or investing in XAU/USD, monitoring technical levels and being aware of macroeconomic indicators will be essential. Staying updated with central bank policies and market sentiment can also provide valuable insights for your strategy.
For more detailed insights and continuous updates, you can refer to sources like Investing.com and Myfxbook

ChatGPT