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October 17 Gold AnalysisOctober 17 Gold Analysis Viewpoint: Spot gold has surged strongly, hitting new all-time highs on the back of multiple positive factors, fueling an extremely bullish market sentiment. Technical indicators suggest the market has entered a severely overbought zone, sharply increasing the risk of a short-term correction. This has resulted in significant fluctuations in the current market's upward and downward trajectory. Strategically, we should adhere to the principle of buying on dips and avoid blindly chasing highs. We must set stop-loss orders, manage our positions, and protect our principal. Gold's strength is primarily driven by the following core factors: 1. Rising expectations of a Fed rate cut: The market currently anticipates a 25 basis point rate cut in October and hopes for another 50 basis point cut in December. These early and aggressive rate cut expectations are putting pressure on the US dollar and reducing the opportunity cost of holding non-interest-bearing gold, becoming the primary driver of gold's price increases. 2. Continued safe-haven demand: The ongoing US government shutdown and international trade tensions continue to attract global safe-haven funds into the gold market, seeking safe haven assets. 3. Structural Buying Support: Continued gold purchases by major global central banks and the long-term trend of de-dollarization provide a solid underlying demand for gold. Furthermore, a significant increase in holdings by the world's largest gold-holding ETF (ETF) further boosted market confidence. Technical Analysis: Overbought Warning Amidst Extreme Strength From a technical perspective, the gold market is in a peak bullish phase, but this also sows the seeds for a correction. Long-Term and Daily Charts: Unbeatable Trend: The daily chart has closed positive for five consecutive trading days, the TRIX indicator has formed a golden cross, and the MACD indicator's red bullish momentum bar continues to increase, clearly demonstrating that bulls remain firmly in control of the long-term and medium-term trends. Significant Gains: Since this bullish rally began at $3,311, the price has risen by over $1,000, a significant increase. Severely Overbought: The daily KDJ indicator is trading in the severely overbought zone, a strong technical warning signal. Historical experience shows that under such extreme overbought conditions, the market is highly likely to experience a significant technical correction within the next 1-3 trading days. Short-Term (Hourly Chart): High-Level Fluctuation: After reaching $4,379, gold prices quickly retreated to $4,279 before rebounding to around $4,350, demonstrating significant volatility and divergence between bulls and bears at high levels. Short-Term Weakness Signal: The hourly KDJ indicator has formed a high-level death crossover after reaching overbought levels, and the MACD red momentum bar has shrunk, indicating a weakening of short-term upward momentum. The trend is relatively bearish and requires consolidation or a pullback to absorb profit-taking. Trading Strategy 1. Main Strategy: In the current environment, "buying on dips" is the only reasonable core strategy. Going short against the trend and anticipating a top is extremely risky. The key to trading is patience, waiting for the price to pull back to key support levels before intervening, rather than chasing the price at intermediate levels or after reaching new highs. 2. Key Levels: Important Support Zone: Focus on $4,280-4,300, particularly around the morning low of $4,279. This area represents a crucial defensive line for bulls in the near term and serves as an ideal area for buying on dips. Upward Resistance: $4,380 is currently the primary psychological and technical resistance level. 3. Major Risk Warning: Extreme Volatility Risk: The market has entered a period of historically high volatility, with intraday swings exceeding hundreds of dollars becoming the norm. Traders must manage their positions carefully to avoid being wiped out by excessive volatility. Technical Pullback Risk: Severe overbought conditions on the daily chart are currently the greatest risk. Any disturbance could trigger large-scale profit-taking, leading to a rapid and significant decline in gold prices. Investors must be fully prepared mentally and strategically for this. Summary: Gold still has medium-term upside potential, but the short-term path is likely to precede a period of significant volatility or technical correction. Traders should maintain confidence in the long-term trend while remaining cautious of potential short-term fluctuations. It is recommended to participate in the market with a small position, enter the market in batches, and at key support levels. Always set a stop-loss to mitigate the risk of a sudden reversal. Please be cautious when trading and control the risks! I wish you a smooth transaction!
OANDA:XAUUSD
by Emily35753702
1
XAU/USD Record Breaking Rally Runs Hot- Exhaustion RiskThis week’s rally marks the largest single-week range on record and the ninth consecutive weekly advance— the first such streak since August 2020, when the yearly high was registered. Weekly momentum has also surged to its highest level since April 2006, which likewise coincided with that year’s peak in gold. These technical observations suggest that while the broader outlook remains constructive, the immediate advance may be vulnerable at these levels. Initial weekly support rests along the median-line, currently near the 4000 mark and a break / weekly close below this slope would be needed to suggest a more significant high is in place / a larger correction is underway. Monthly-open support rests at 3859 with broader bullish invalidation now raise to the 61.8% extension of the May advance at 3782. Weekly resistance is eyed with the upper parallel / 2.618% extension of the 2015 advance at 4308- a topside breach / weekly close above this threshold would threaten another bout of accelerated gains with the next major technical considerations eyed at the 3.618% extension of the April decline at 4492 and the 1.618% extension of yearly advance at 4553. Bottom line: The gold breakout extended into record highs this week with multi-year extremes registered in momentum, range, and duration- the exhaustion risk is mounting. From a trading standpoint, losses would need to be limited to 4000 IF price is heading higher on this stretch with a weekly close above 4308 needed to fuel the next major leg of the advance. -MB
FOREXCOM:XAUUSD
by FOREXcom
1
Gold Hits New Record as U.S.–China Tensions and Rate-Cut Bets FuGOLD – PREMIUM UPDATE | Gold Hits New Record as U.S.–China Tensions and Rate-Cut Bets Fuel Rally Gold hit a fresh record high at $4,218, driven by escalating U.S.–China trade tensions, renewed rate-cut expectations, and rising geopolitical uncertainty. Investors continue to increase exposure to bullion as a hedge against risk, while Fed Chair Powell’s dovish comments in Philadelphia strengthened rate-cut bets, putting additional pressure on the U.S. dollar and reinforcing gold’s bullish tone. Key Levels Pivot: 4,202 Resistance: 4,224 · 4,250 · 4,267 Support: 4,174 · 4,162 · 4,140 Trading Plan Buy Setup: Long positions remain valid above 4,162, targeting 4,224 / 4,250 / 4,267. Sell Setup: Shorts correction valid below 4211, targeting 4,175 / 4,162. Premium Takeaway Gold maintains strong bullish control above $4,162, with momentum favoring another leg higher toward 4,250–4,267. Only a decisive break below 4,162 would trigger a short-term correction, while sustained strength above 4,211 keeps the uptrend intact and opens the path toward a new ATH above $4,300.
OANDA:XAUUSDLong
by SroshMayi
GOLD – Bullish Above 4011 Ahead of Tariff TensionsGOLD – Outlook Gold remains supported by bullish momentum ahead of the renewed tariff tensions between the U.S. and China. These developments are expected to strengthen safe-haven demand, keeping gold on track toward new all-time highs if momentum continues. Technically, as long as the price trades above 4011, the bullish trend is likely to extend toward 4040 and 4058, with potential continuation toward 4092. A bearish correction would require a 1H candle close below 4011, which could trigger a move down to 3980, and below 3965 the decline may extend to 3944. Gold will likely trade sensitively in the short term, reacting to any new statements from President Trump or updates on the tariff situation between Washington and Beijing. Pivot Line: 4011 Resistance Levels: 4040 / 4058 / 4092 Support Levels: 3980 / 3965 / 3944 📈 Summary: Bullish bias remains above 4011, targeting 4058 → 4092, while a close below 4011 may trigger a short-term correction.
OANDA:XAUUSDLong
by SroshMayi
#4,200.80 mark almost tested / #4,100.80 achieved alreadyAs discussed throughout my yesterday's session commentary: 'My position: I have been Buying Gold throughout Friday's session all along and Buying Gold firstly in #3,972.80 - #3,992.80 Neutral Rectangle waiting for the break-out to the upside. I had reached my Buying Profit Intra-day quota within the belt and started my usual Medium-term Buy orders positioning. I have Bought Gold (Medium-term) on #3,992.80 Support for the fractal as Gold was unable to break above #4,022.80 Resistance however my Stop was triggered on #3,985.80. I Bought Gold again on #3,978.80 again with #3,962.80 Stop and over the weekend / this morning my #4,042.80 Take Profit is hit, confirming my thesis that Traders shouldn't Sell Gold at all cost and turn to Buying this market. Each Selling momentum is just another sweep before Buyers arise and take Gold on upper levels. I do expect #4,100.80 benchmark to be met within #1 - #2 week horizon before #4,200.80 which is posing as my Medium-term Target. I achieved my weekly Profit and will take it easy from now.' My position: So far so good as my both Targets on current Bull run are met earlier than I expected and as soon as I spotted that Gold tested #4,100.80 benchmark, I established my Support zone on #4,088.80 - #4,092.80 and started Buying Gold (aggressive Scalps) and when #4,103.80 was tested I stopped, waiting for pullback. On #4,092.80 test, I have Bought Gold aggressively (two times #25 Lots) with #4,127.80 Target which was hit, delivering excellent Profits over-night however now it seems that I have set my Target much Lower as Gold tested #4,180's. However, I am very satisfied with my Profits on current multi-Month Bull run and will continue Buying Gold until #4,200.80 mark is realized from my key re-Buy points. I repeat, I receive many messages of Traders getting trapped or liquidated in attempt to Sell Gold, do not Sell at all cost regardless the Technical opportunity to do so.
OANDA:XAUUSDLong
by goldenBear88
XAUUSDHello Traders! 👋 What are your thoughts on GOLD? Gold continues its strong uptrend, printing new highs, but price action now shows signs of overbought conditions. It appears that the bullish rally may pause for a short-term correction before resuming its upward momentum. In this zone, we expect gold to form a new short-term high near the upper boundary of the ascending channel, followed by a pullback toward the highlighted support areas. The overall long-term trend remains bullish — it’s better to avoid selling and instead look for buying opportunities during corrective moves. What do you think — will gold continue its rally after this correction? Don’t forget to like and share your thoughts in the comments! ❤️
FOREXCOM:XAUUSD
by HAMED_AZ
49
XAUUSD Looking for a quick relief pull-back.Gold (XAUUSD) has been trading within a 1-month Channel Up supported by its 4H MA50 (blue trend-line) and today hit the top (Higher Highs trend-line) of the pattern. This Bullish Leg has completed a +4.45% rise, almost similar to the first two of the pattern. They both pulled back to their respective 0.382 Fibonacci retracement levels after the Higher High, so as long as the pattern's top holds, we expect a quick correction to $4055 (Fib 0.382). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDShort
by TradingShot
Support and Resistance VS Supply and Demand Explained In the today's post, I will compare support and resistance levels with supply and demand zones. I will explain to you the difference between them and share important tips and examples. What are support and resistance levels? We also call them key levels. These are particular levels on a price chart from where in the past we saw significant bullish or bearish movements. Key support will be a one single level, that has a historical significance and from where a bullish reaction will be anticipated. The all-time low on USDCHF will be a perfect example of a key support. It is one single level that was respected one time in the past and from where a bullish reversal initiated. Key resistance will be a one single level on a price chart that has a historical significance and from where a bearish movement will be expected. The all-time high on Gold will represent a key horizontal resistance. That level was respected one time in the past and from that level exactly the market dropped heavily. What are supply and demand zones? In comparison to support and resistance levels, supply and demand zones are the areas on a price chart. The zones that are based on multiple touches and consequent strong bullish or bearish reactions. Demand zone will be the area that was tested at least 2 times in the past, and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. The yellow area above will a good example of a demand zone. You can see that the price tested that area 3 times, and each time the market respected different levels lying within that. These 3 tests compose the demand area. Supply zone will be the area that was tested at least 2 times in the past and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. In this example, a supply area on EURUSD is based on 2 touches of key levels, lying very close to each other. On the chart above, I underlined 2 horizontal support levels - the single levels that were respected by the market multiple times, and a supply zone - the area that is based on tests of multiple levels lying close to each other. Support and resistance levels give you SINGLE levels from where you can look for trading opportunities. While supply and demand zones represent the areas . After a test of a supply and demand zone, the market may react to a RANDOM level within that. For newbie traders, it is highly recommendable to trade single key levels, while experienced traders can broaden their strategies and trade supply and demand zones as well. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
Gold’s Golden Retest?Gold continues to trade within a rising blue channel, maintaining its overall bullish structure. Currently, price is retesting the intersection between the lower blue trendline and the red structure zone, which has acted as strong support multiple times. As long as this confluence area holds, I’ll be looking for trend-following longs targeting the upper boundary of the channel. A break and close below this zone would temporarily pause the bullish momentum and open room for a deeper correction. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
OANDA:XAUUSDLong
by TheSignalyst
Continue to create new ATH, gold will increase next week✍️ NOVA hello everyone, Let's comment on gold price next week from 10/06/2025 - 10/10/2025 ⭐️GOLDEN INFORMATION: Gold (XAU/USD) climbs 0.7% during Friday’s North American session to around $3,882, extending its winning streak to a seventh consecutive week as the US government shutdown enters its third day. A light US data calendar and muted Fed commentary keep traders leaning toward dovish expectations, while mixed PMI readings highlight steady but uneven economic activity. ⭐️Personal comments NOVA: Continue to maintain price increase next week. Gold price growth as the market continues to expect interest rate cut in October. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3897, $3925, $3945 Support: $3837, $3792 🔥 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
9
The bulls are too dominant, prices continue to increase⭐️GOLDEN INFORMATION: Gold (XAU/USD) extends its record-breaking rally above $4,100 in Tuesday’s Asian session, fueled by safe-haven demand amid the ongoing US government shutdown and renewed US-China trade tensions. Geopolitical risks and rising expectations of further Federal Reserve rate cuts also continue to underpin the non-yielding metal. ⭐️Personal comments NOVA: Selling pressure is almost absent in the market, buying pressure continues to push gold prices up. Continue waiting for a new ATH today. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 4212 - 4214 SL 4219 TP1: $4200 TP2: $4185 TP3: $4162 🔥BUY GOLD zone: $4058-$4056 SL $4051 TP1: $4070 TP2: $4090 TP3: $4105 ⭐️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
OANDA:XAUUSDLong
by Nova-Scalper
1
Pressure Building!Gold's sideways move the past four months is finally about to change, the longer the sideways move, the bigger the resulting move, each small pullback flushed out the weak hands, some calling to short gold. We are in a clear wave four correction, wave five up will follow, in precious metals, wave fives are the most dramatic. Our target is $4000, could go even higher and overshoot to $4200ish...by October/November. The Dow is very bullish at this time as the final rally concludes. Appreciate a thumbs up, Good trading and God Bless you all!
TVC:GOLD
by Fractal777
14
Gold → Ready for the Next Bullish WaveGold (XAUUSD) continues to gain momentum as shifting global conditions drive investors toward safer assets. The ongoing uncertainty in financial markets, coupled with renewed concerns over U.S. fiscal policy and interest rate adjustments, has strengthened gold’s long-term appeal. Recent market behavior reflects consistent institutional demand, with traders positioning ahead of potential monetary easing cycles. As confidence in traditional currencies weakens, gold remains a preferred store of value for both investors and central banks. Structurally, the market is maintaining a healthy uptrend, showing controlled corrections within a broader bullish framework. The latest price movements suggest that momentum is building for another upward phase, possibly targeting new historical zones if global instability persists. In summary, gold’s outlook stays constructive — supported by both macroeconomic sentiment and steady technical momentum. How do you see the XAUUSD trajectory evolving — continuation of growth or a major pause ahead?
TVC:GOLDLong
by XAU_EMPIRE
GOLD (XAUUSD): The Next Resistances Here are the next potentially significant resistances on Gold to focus on. Resistance 1: 4397 - 4403 area Resistance 2: 4447 - 4453 area Resistance 3: 4487 - 4503 area Consider the underlined horizontal and vertical supports for potential buying after pullbacks. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
GOLD – History Never Lies! Are We Close to Major Correction ?Hello Traders 🐺 As I expected, gold is now creating new all-time highs — but the real question is: how far can this rally actually go? Let’s take a closer look, because this chart might reveal a lot more than you think! Let’s go back in time — all the way to when gold was still in the early stages of its first major rally and reached the top around $890 in 1980. If you zoom in a little bit, you can clearly see that once the RSI reached around 90 (showing an extreme overbought condition), gold entered a massive bear market, dropping nearly 60% — something almost nobody expected back then. Now, of course, we can’t rely only on the RSI overbought signal to predict the current situation, but when we use the Fibonacci Trend-Based Tool and measure the rally from its beginning to the bottom of its correction — that’s when things get really interesting! Look closely: the 0.618 Fibonacci level — also known as the golden ratio — actually predicted the next major top years before it even happened. When price reached $1880 in 2011, the RSI again entered the overbought zone, and we saw another strong 45% correction right after that! But what about now? The RSI is again approaching the same zone, and price is very close to the 0.88 Fibonacci level. So, what do you think? Is this the end of the bull run and the right time to start taking profits? Let’s talk about it in the comments — because in my opinion, we might be about to see another correction, at least down to the 0.618 level, which perfectly aligns with the previous all-time high for gold!
OANDA:XAUUSDShort
by Kiu_Coin