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"Gold Next Stop: 2800?"Current Price Action Analysis: 1. Price is currently testing the 2750 psychological level 2. Formation of consecutive higher lows and higher highs since December 3. A significant volume node is visible around the current price level Key Levels : 1. The November low at 2,536 created a strong demand zone 2. Previous resistance at 2,720 (green box) has been breached and is now acting as support 3. Recent price movement shows strong institutional buying with minimal pullbacks Intraday Trading Perspective: 1. Support: 2700-2,720 (previous resistance now support) 2. Resistance: R2 at 2,762 and R3 at 2,800 Swing Trading Perspective: 1. Primary trend is strongly bullish above rising trendline 2. Major support zone: 2700-2,720 Current Market Context: - Strong momentum indicates potential for further upside - The clean break above previous resistance suggests institutional buying - Volume profile shows good liquidity at current levels Best Trade Setups: 1. Intraday: Buy pullbacks to 2,700-20 2. Swing: Enter on daily closes above 2,750 targeting 2,800 o wait forLower Price zone as marked on chart ,market structure suggests maintaining a bullish bias and I am still holding my buy entries on gold and silver
OANDA:XAUUSDLong
by TheGoldenCircle
Gold's Looking Hot Gold's Looking Hot ❤️‍🔥 The way the price is behaving right now, it looks like it's gathering strength for another potential move up, though we might see some correction or consolidation first. Overall Market Context: The market structure is bullish on the 4-hour or on daily timeframe There's significant buy-side interest as visible on volume profile I can see Several liquidity pools likely exist below the recent swing lows so expecting some consolidation or correction(But not looking for sell ), After the pullback, if buyer momentum stays strong (which looks likely), we could see a push toward 2,760-2,780 (As marked on chart). The Current support is at the upward trendline Overall sentiment is clearly bullish and I am still holding buy entries on both Gold and Silver.
OANDA:XAUUSDLong
by TheGoldenCircle
Gold prices today, January 21: Unexpected sharp reversalGold prices have risen slightly due to a weaker USD as the market assesses the economic impact of President Trump’s policies following his inauguration. A Trump administration official stated that the president will issue a trade memorandum on his first day in office without imposing new tariffs. The price spread between futures and spot gold has widened recently as traders speculate on the impact of U.S. import tariffs. While gold is a hedge against inflation, Trump’s tariff policies could lead the Federal Reserve to maintain higher interest rates for a longer period, which would reduce the appeal of gold. However, dovish comments from Fed Governor Waller and reports about gradually applied tariffs have led traders to adjust their expectations, now predicting two rate cuts this year instead of just one. Gold is currently in an upward price channel and could continue to rise if it holds support at 2,693. From a technical analysis perspective, gold is currently in an upward price channel with clear upward waves. The new support level at 2,693 reinforces the bullish trend, and if gold holds above this level, it could continue to target higher levels. The next significant resistance is around 2,720 – 2,730, and if broken, gold could continue to rise sharply to 2,750. The Take Profit (TP) level could be set in the 2,750 – 2,760 range, while the Stop Loss (SL) should be placed around 2,680 – 2,690 to mitigate risk if the price reverses. If gold breaks the support level at 2,693, this could signal a reversal, and it is recommended to reconsider the strategy.
OANDA:XAUUSD
by Brigi_ta
1
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: 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 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
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 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