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Metals

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
XAUUSD: Bearish momentum remains strong on the chart! The XAU/USD chart on the 4-hour timeframe presents a clear technical picture of the current trend. The price recently hit strong resistance at 2,697 and faced rejection, signaling a potential downside correction. Fibonacci retracement levels, particularly 0.5 at 2,677 and 0.618 at 2,672, are acting as significant resistance zones where price reactions may continue. The market structure also highlights notable changes with "Change of Character" (CHOCH) signals, emphasizing that sellers are gradually gaining control as the price forms lower highs. In this context, the main scenario suggests that the price could decline towards the support level around 2,645 before potentially moving deeper into the strong demand zone at 2,620. However, before the deeper drop, the price may slightly retrace to retest the recently broken support, offering short-selling opportunities. This scenario is further supported by the bearish divergence on the RSI indicator, which shows weakening bullish momentum despite higher price peaks, indicating a possible reversal. That said, traders should carefully monitor price action at key support levels and observe the RSI indicator to identify oversold conditions, reducing the risk of sharp price retracements. With the current market structure, waiting for a confirmed breakdown below 2,657 could provide more reliable signals to enter short positions. If necessary, you may adjust your trading scenario to better align with actual market movements. Happy trading, and may your trades be profitable!
OANDA:XAUUSDShort
by lauratradegold
1
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
Is the Uptrend Continuing?On the 4-hour chart, gold is currently trading around $2,689/ounce, after peaking at $2,697/ounce. The recent rally is supported by the 34-EMA and 89-EMA, as the price continues to hold above both of them. This is a sign that the uptrend is still intact. However, the $2,690-2,700/ounce price zone is acting as a strong psychological resistance. Recent candles show a pause in the rally, as profit-taking pressure has begun to emerge. If the price breaks above $2,700/ounce, the next target will be the $2,720-2,740/ounce zone – these are the highs in the past. On the contrary, if it fails to overcome this resistance level, gold may turn down to test the important support zone at $2,660-2,670/ounce, where the EMA and technical support levels converge. Fundamentals: The slight weakening of the USD in recent sessions has been the main driver for the sharp increase in gold prices. Any signal from the Fed on the possibility of future interest rate hikes could put pressure on gold prices. Safe-haven demand continues to increase, due to uncertainties from major economies such as the UK and China, along with concerns about global inflation. Currently, I am inclined to the possibility that gold prices can break out to higher levels, based on strong momentum from technical indicators and increased demand for gold. However, it is necessary to carefully monitor developments at the $2,700/ounce resistance zone, as this could be the area that determines the short-term trend of gold prices.
OANDA:XAUUSDLong
by jennie_hyun
Gold silver Outlook next week Our Spot #Gold Range Prediction from 13/01/2025 to 18/01/2025 is as under. Gold Spot :2605$-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
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 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
Gold Technical Analysis: Shift in Market Structure?The price has indeed moved up significantly and is now testing a key resistance zone around 2655-2672 (Fib Golden Zone), yesterdays upward movement has been steady and consistent,Price has successfully broken above the previous resistance(2635-39) which is now a support area, also there's a notable increase in volume on the recent upward move, price has maintained higher lows and higher highs in the short term, However, We're approaching the 0.618 Fibonacci resistance level,The price is at the upper range of the recent consolidation zone and price is now trading the weekly R2 level so to initiate buy we have to wait for pullback for a possible re test of support area and on rejection we can plan the buy . The original downside target of 2536-50 will be considered invalid unless price breaks back below 2638 with significant volume. Key invalidation level for bulls: A close below 2638 on H4 that can drag the price in previous consolidation area.
OANDA:XAUUSD
by TheGoldenCircle
Gold Update : No change so far ,still in sideways range Price is trading within a defined range, with 2639 as the upper boundary and 2585 as lower boundary. Despite recent upward movement, lack of volume confirmation suggests caution for last two day up move. The original downside target (2536-50) remains valid until we see a decisive break above mentioned resistance levels with strong volume support. What We Need for Bullish Confirmation:? Clear break and close above 2639 Price need to sustain above 2650-55 on Higher Time Frame. Need Strong volume to support the move Until these conditions are met, my original downside target remains valid from a technical perspective .The current price action appears to be in a decision zone, and the lack of volume confirmation suggests this could still be a temporary move rather than a trend reversal so I will wait for good confirmation before initiating buy trade.
OANDA:XAUUSD
by TheGoldenCircle
2
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short 😀. Technical fundamental analysis update 👇📈📉📊 Gold 4H Time Frame 🖼️ looks great patterns technical analysis bearish flag close below 👇 trend Guy's list week market not running much Bank holiday season two days closed 🔒 that week New year 🎊. Looks good Short Trade 😁. 2620 2633 2638 Short trend entry open Small target we'll see 2607 Buying said zone s 2630 238 Analysis target 🎯 2580 Resistance level 2623 2638 Support 2607 2600 2580 2500 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following me that star ✨ game 🎯
FXOPEN:XAUUSDShort
by SMC-Trading-Point
GOLD Getting ready for 2025Current price action suggests we're entering a critical phase for Gold. After the strong uptrend from June-October, we're seeing signs of temporary weakness that could extend into early January 2025(1 or 2 Week). Major Support zone around 2536-2,550 (Area of Interest : AOI) Expecting a test of this support in early January Volume declining, suggesting a major move is brewing. → Short-term: Potential weakness and test toward support zone → Medium-term: Looking for bottom formation around 2536-2,550 area → Long-term: Expecting bullish rally after support confirmation
OANDA:XAUUSD
by TheGoldenCircle
Gold Trading Strategy for 30.12.2024Gold Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 2642 Sell Below: The low of the 15-minute candle that closes below 2610 Targets: Upside Targets: 2651, 2664, 2675, 2686 Downside Targets: 2598, 2589, 2579 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2642, aiming for targets of 2651,2664, 2675, and 2686. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2610, aiming for targets of 2598, 2589, and 2579. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. 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