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Commodities

Gold: if this.... then that Current Price Structure: There's a clear upward trendline forming from the November low The market has formed a significant support zone (marked in green) around 2636-2640 A resistance zone (marked in red) exists around 2710-2720 level Current price is showing bullish momentum at 2698 Multiple liquidity levels have been created above recent highs The market has been making higher lows and higher highs, indicating bullish control Potential Scenarios: Primary target seems will be R1 at 2720.005 If price breaks above R1 , next targets will be R2 (2750.635) and R3 (2803.320) Support levels to watch: S1 (2636.690), S2 (2584.005), S3 (2553.375) The bullish structure remains valid as long as price stays above the upward trendline
OANDA:XAUUSDLong
by TheGoldenCircle
Gold Trading Strategy FOR 17th January 2025Detailed Gold Trading Strategy Buy Strategy: Entry Point: Condition: Wait for the 15-minute candle to close above 2725. Trigger: Buy when the price moves above the high of the candle that closed above 2725. Targets: First Target: 2733 Second Target: 2742 Third Target: 2750 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 2725 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2733, another portion at 2742, and the remaining position at 2750. Sell Strategy: Entry Point: Condition: Wait for the 15-minute candle to close below 2704. Trigger: Sell when the price moves below the low of the candle that closed below 2704. Targets: First Target: 2694 Second Target: 2685 Third Target: 2677 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 2704 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2694, another portion at 2685, and the remaining position at 2677. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
THINKMARKETS:XAUUSD
by ramkkyy
Gold Trading Strategy on M15 (January 17, 2025)Preliminary Trading Plan: Market Summary: Gold prices are consolidating around $2,790, with potential for short-term corrections despite positive GDP and industrial data from China. However, concerns about China's real estate market and US tariff policies are dampening expectations. Anticipation of Fed rate cuts and weak US data are supporting gold prices, while investors await US housing and industrial production reports for further signals. Technical Support: Following two volatile days driven by news events, gold has rebounded above $2,700 and maintains an upward trajectory. However, it has yet to breach the $2,620 - $2,624 range. The market appears to be cooling compared to the previous days, as indicated by today's trading sessions. Key support levels for capturing the market's uptrend include $2,700 - $2,702 and $2,680 - $2,678. Trading Zones: XAUUSD BUYZONE: 2700 - 2702 Stop Loss (SL): 2697 Take Profit (TP): 2705 - 2708 - 2715 XAUUSD BUYZONE: 2680 - 2678 Stop Loss (SL): 2675 Take Profit (TP): 2683 - 2686 - 2693 - OPEN Wishing everyone an amazing start to the new year!
OANDA:XAUUSDLong
by Briantradefx
Gold trading strategy for today !Currently, XAU/USD is fluctuating between the resistance zone at 2,677-2,697 and the support level at 2,660. This reflects a range-bound market, where the price lacks a clear directional trend and reacts strongly at support and resistance levels. Below is a specific strategy for trading under these conditions: 1. Sell Strategy at the Resistance Zone: Rationale: The resistance zone at 2,677-2,697 is a level where sellers could gain strength and push the price down toward the support level. The red arrows on the chart indicate a potential reversal upon reaching this zone. Strategy: Sell Entry: Open a sell position within the 2,675-2,677 range after confirming a bearish reversal signal, such as a double top formation. Stop-Loss: Place the stop-loss above 2,682 to protect against unexpected breakouts. Take-Profit: Target the support level at 2,660, with the option to take partial profits if the price drops sharply. 2. Buy Strategy at the Support Zone: Rationale: The support zone at 2,660 represents a potential area for strong price recovery, making it a favorable buying opportunity. The green arrows on the chart highlight the expectation of a rebound from this level. Strategy: Buy Entry: Open a buy position near 2,660 after observing bullish reversal signals, such as a strong bullish candle, hammer, or engulfing pattern. Stop-Loss: Place the stop-loss below 2,655 to protect against a breakdown of the support level. Take-Profit: Aim for the resistance level at 2,697, or anticipate a breakout for higher targets. 3. Breakout Strategy: If the price breaks out of the current range, adjust the strategy as follows: Breakout Above Resistance (2,677): Wait for confirmation of a breakout, then enter a buy position targeting higher levels, such as 2,720-2,730, while keeping it below 2,750. Breakout Below Support (2,660): Wait for confirmation of a breakdown, then enter a sell position targeting lower levels, such as 2,640-2,630. Trading Notes: Always wait for confirmation signals before entering trades, especially near critical support and resistance zones. Practice effective risk management, limiting risk to 1-2% of your account balance per trade. Stay updated on fundamental factors, such as economic news, inflation data, or statements from the U.S. Federal Reserve (FED), as these can significantly influence gold prices. This approach provides a balanced strategy for both range trading and breakout scenarios, helping to maximize opportunities while managing risks effectively.
OANDA:XAUUSDLong
by Briantradefx
Gold Current PA before NFPCurrent PA on H1 showing bullish trend with consistent higher highs and higher lows. The ascending trendline acts as dynamic support, holding the structure intact. The price has broken above pivot R1 level and is now sustaining above it, indicating a good strength on this time frame by buyers The price is moving in impulsive waves (blue zigzag lines), showing controlled corrections before resuming the primary trend. Liquidity is likely building below the ascending trendline. If the price breaks this trendline, it could indicate a sweep of liquidity before continuing upward or can lead to correction if price breakdown this support trend line. above this buyers are in control . on bigger picture price is consolidating inside a Triangle and the direction is not clear on daily right now . today we have NFP and Unemployment data which can act as main driver for next move
OANDA:XAUUSD
by TheGoldenCircle
3
Gold PA Check: Bulls Taking a break Near 2,670 The price is hovering around 2,671, and , it seems like price is playing a bit of a waiting game here. We've got this nice upward trend (Short rally but still looking good) since late December, which is encouraging for the bulls, but we're seeing some hesitation at current levels. For Intra day, I'd keep a close eye on that 2,680 level - if we break above that with decent volume, we could see a nice move up. But here's the thing - the volume's been pretty average lately, nothing too exciting, which suggests people might be waiting for a clearer signal maybe waiting for CPI data today. For Swing/ longer-term positions, the setup actually looks quite healthy to till time. We're making higher lows, which is always good to see, and that support around 2,630-40 seems pretty solid. The big test will be whether we can push through that 2,700-2,720 zone - that's where things could get interesting. One thing I particularly like is how the price is respecting that pivot level at 2,667. It's acting like a nice reference point for current PA. The market's in a bit of a consolidation phase right now for Intra day - so if you're planning any trades, you might want to wait for a clear breakout with volume confirmation rather than trying to force anything in this choppy action. Key risk level: Below S1 (2,636) would invalidate bullish bias for Intra day and for Swing .
OANDA:XAUUSDLong
by TheGoldenCircle
Silver's Ready to Shine? The Silver showing good bullish sentiment as the price has shown resilience by bouncing off significant support and breaking through resistance levels. Expecting a move towards 34.0000 is is possible if buyers defend 29-30 level on daily TF, especially if the price can maintain above the recent highs and continue to show higher volume on upward movements. The price has recently moved through a liquidity zone around 30.51025, suggesting that smart money might have taken advantage of this area to initiate trades, pushing the price higher. The volume at the recent low was significantly higher , indicating strong buying pressure at this level, which is positive for a bullish outlook. So i think it is good idea to consider a swing buy at current price level i.e., around 30-30.35 area for the target of 34,40 and 50.
OANDA:XAGUSDLong
by TheGoldenCircle
Gold Trading Strategy for 13th January 2025Gold Trading Strategy Buy Strategy: Entry Point: Buy above the high of the 15-minute candle that closes above 2700. Targets: 2708, 2715, 2723 Sell Strategy: Entry Point: Sell below the low of the 1-hour candle that closes below 2677. Targets: 2664, 2655, 2643 Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
Gold silver Outlook next week Our Spot #Gold Range Prediction from 13/01/2025 to 18/01/2025 is as under. Gold Spot :2605$-2710$ Gold INR : 76200-78800 Our Spot #Silver Range prediction from 13/01/2025 to 18/01/2025 is as under. Silver Spot: 28.30$-30.80$ Silver INR: 86450-92900 It must be remembered that price of precious metal depends on so many world wide factors like inflation, Fed interest rate, trade barrier, geopolitical tension, demand, supply, bond yield, dollar index , GDP, payroll data, CPI, currency fluctuation, debt ceiling , expected tax & duty changes, other commodity price crude oil etc. etc. and hence there can not be any accurate barometer of predicting precious metal price. Gold INR has been calculated taking Gold Spot international price and converting the same assuming fixed Indian rupee rate. However, this is not accurate method as change in rupee value to dollar can substantially impact Gold INR price. Pl. note that price of commodity doesn't depend upon performence of company but depend upon performence of world economy, hence it is extremely risky to trade in commodities. Commodities market also become more volatile during contract expiry. These are not a recommendation for buy or sell. This view is only for educational purpose. You are requested to consult your financial advisor before entering in to any trade.
OANDA:XAUUSDShort
by santoshshukla1996
OIL bullish for short term upside to 550Hello Everyone, Have spotted a bullish pattern on the chart that can take the prices to 510-550 in the short while. Points to note: > Out of all, Oil sector is showing some strength. > OIL has seen recovery for the current support levels multiple times in the past. > Trading above 100EMA with good volumes. > Hammer spotted Important leves: Support: 464 Resistence: 450 Entry Levels: 485-490 Exit Levels: 464 or trail with EMA 100 once it breaches 500 levels. Risk to Reward: Optimal Entry 485 – Target 550 = Almost 3x Reward to Risk
NSE:OILLong
by madhubansal
4
Gold on the EdgeThe price is trading within converging trendlines, forming a symmetrical triangle. This indicates a phase of consolidation and decreasing volatility, suggesting a potential breakout soon. The current price is near the midpoint of the triangle and seems like forming double top on H4, with potential to retest support. Momentum seems neutral, awaiting a trigger for a directional move. Liquidity will likely be taken from one side (most probably from the support trendline) before the real move occurs till then we can consider the sideways market and we can plan our trade accordingly for Intra day.
OANDA:XAUUSD
by TheGoldenCircle
Gold Price Forecast: Liquidity Grab Likely Before Rally to New HThe price seems to be consolidating within the ascending triangle, Price is testing the confluence of the descending trendline and the 61.8% Fibonacci retracement level. This area has historically acted as a rejection zone. Price is likely to reject this level and push downward to sweep liquidity below recent swing lows near 2,600 or 2585 area. After liquidity is swept, price could form a spring (Wyckoff reaccumulation) and provide a strong buy signal which can push price towards 2800. (Expecting a pullback but this does not mean that I want to short gold, I am still waiting for a good buy area, if gold deliver this kind of move then that will be a good setup for swing buy)
OANDA:XAUUSDLong
by TheGoldenCircle
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDLong
by tradergyan01
GOLD TRADING POINT UPDATE > READ THE CAPTIANBuddy'S dear friend 👋 Trading Signals 🗺️🗾 Update Gold trading point still holding it Short Trade 🤠 list week market teach supply zone 2665 a rejected point below 👇 trend 📉📈 2624 back up trand tast 2640 back down 👇 trend good choice for selling it good luck 🤞🤞 Small target we'll see 2606 Analysis target we'll see 2537 Resistance level 2642 Support level 2624 2606 2537 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 that star ✨ game 🎮
FXOPEN:XAUUSDShort
by SMC-Trading-Point
Gold Price Action Key Points Gold Price Action Key Points Small bodied candles at current levels indicating indecision Previous strong green candles with good bodies showing buyer conviction Recent red candles haven't created significantly lower lows, suggesting controlled selling Key breakout level above: 2,671 Critical support zone: 2,633-2,640,This is currently acting as a solid floor and has been tested multiple times recently Volume Analysis: Increasing volume on upward movements Lower volume on pullbacks, suggesting less selling pressure Overall : The price action suggests a bullish bias with controlled pullbacks and strong support levels and The overall structure remains bullish as long as price stays above the marked support zone , On breakdown the support we have to wait for confirmation from lower levels on breakdown 2,602 ( S1) - This could act as a secondary support if we see a pullback.
OANDA:XAUUSDLong
by TheGoldenCircle
Gold retreats after rising Gold prices have seen a significant pullback from recent highs and are now trading between key Fibonacci retracement levels. The key retracement levels of prices from previous highs to lows include: 23.6% ($2,617.15), 38.2% ($2,638.02), 50% ($2,654.88) and 61.8% ($2,671.74). The price is currently hovering around the 38.2% level and showing some signs of support. After a period of decline, the price rebounded after hitting a low on January 19, and then formed a symmetrical triangle consolidation structure. After the breakthrough, the price entered the rising channel but showed some correction pressure in recent days. From the short-term trend, despite the current correction, the overall upward trend has not been broken. Combined with the previous trend, the market may stabilize in the current support range (around $2,638) and try to test the 50% Fibonacci retracement level ($2,654.88) or even higher resistance again. But if the market continues to fall, the lower side will fall back to the previous wide adjustment range. Long trading suggestions: Aggressive strategy: You can try long orders near $2,638, and set the stop loss below the key support ($2,617). Conservative strategy: Wait for the price to break through $2,655 to confirm the continuation of long positions, and the target can be seen at $2,672. Short trading suggestions: Aggressive strategy: You can try short orders near $2,654, and set the stop loss above the key resistance ($2,671). Conservative strategy: Wait for the price to break through $2,630 to confirm the continuation of short positions, and the target can be seen at $2,617. At the same time, it is necessary to pay close attention to the impact of fundamental factors on gold prices, such as changes in the US dollar index and global macroeconomic data.
FOREXCOM:XAUUSD
by RonPeter_Trading