Xauusdforecast
XAUUSD - ENCOUNTERING SUPPLY AREASGold is encountering significant resistance at 2721 and has entered a correction phase, which aligns with shifts in the broader economic landscape and fundamental factors. Easing geopolitical tensions in the Middle East have reduced the demand for safe-haven assets like gold, the US dollar, and US bonds. Moreover, improved market sentiment is being driven by expectations of potential stimulus measures from China.
Nonetheless, the downward pressure on gold may remain limited due to the unpredictable nature of Trump's policies and the anticipation of two interest rate cuts by the Federal Reserve later this year. As a result, gold prices are likely to experience short-term volatility, influenced by holiday market conditions and upcoming executive actions from Trump.
From a technical perspective, gold is currently within a symmetrical triangle pattern, which is also situated within an ascending channel. If resistance is not breached, the price may face downward pressure toward support.
Resistance levels: 2713 - 2721
Support levels: 2702 - 2690
A retest of 2702 would increase the likelihood of a breakdown of support, leading to a further decline. This could follow a retest of the resistance level. There is also the possibility of a false breakdown at one of the mentioned resistance levels before the market moves lower.
Gold Trading Strategy for 18th December 2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 2665 on a 15-minute chart
Sell Below: The low of the candle which closes below 2632 on a 15-minute chart
Targets:
Upside Targets: 2680, 2692
Downside Targets: 2618, 2605
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2665 on a 15-minute time frame, targeting 2680 and 2692.
Sell Signal: Enter a sell position below the low of the candle that closes below 2632 on a 15-minute time frame, targeting 2618 and 2605.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Gold Trading Strategy for 17th December 2024Gold Trading Strategy
Key Levels:
Buy Above: The high of the candle which closes above 2665 on a 15-minute chart
Sell Below: The low of the candle which closes below 2643 on a 15-minute chart
Targets:
Upside Targets: 2675, 2686, 2693
Downside Targets: 2630, 2619, 2605
Strategy Details:
Buy Signal: Enter a buy position above the high of the candle that closes above 2665 on a 15-minute time frame, targeting 2675, 2686, and 2693.
Sell Signal: Enter a sell position below the low of the candle that closes below 2643 on a 15-minute time frame, targeting 2630, 2619, and 2605.
Additional Tips:
Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals.
Risk Management: Always use stop-loss orders to manage risk and protect your capital.
Market Conditions: Stay updated on market news and events that could impact gold prices.
Disclaimer:
This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
Gold Trading Levels for 09th December 2024Gold Trading Levels and Analysis
Gold has been consolidating for the past week, indicating a potential breakout is imminent.
Here are the key levels and details:
Buy Setup
Entry: Buy above 2,643 if the price breaks and closes above this level, signaling an upward breakout.
Targets:
2,700-2,710
Stop Loss: Below the low of the breakout candle for risk management.
Sell Setup
Entry: Sell below 2,624 if the price breaks and closes below this level, signaling a downward breakout.
Targets:
2,560-2,550
Stop Loss: Above the high of the breakdown candle.
Market Context
Gold has been trading in a tight range, creating pressure for a potential breakout in either direction. This week’s market movement could determine the direction, so watch for the key levels closely.
Disclaimer
The above analysis is provided for educational purposes only and is not intended as financial or investment advice.
Trading in commodities carries risk, and past performance is not indicative of future results.
Please perform your own research or consult a certified financial advisor before making any trading decisions.
Always trade responsibly and use proper risk management techniques.
Gold Trend Forecast This Week (December 9 - December 13)Gold trend is unlikely to decline sharply, although the US Non Farm News was very good, Gold still bounced 264x, when it fell to the price range of 2626 - 2627.
This week, there was quite a lot of news supporting Gold's increase such as: US CPI news may decrease slightly compared to expectations, creating conditions for the FED to continue to reduce interest rates. Central banks such as Canada, Switzerland and Europe ECB continue to cut interest rates next week.
Although the gold market is currently quiet, this could be an accumulation period before a potential price increase. Investors need to closely monitor developments and prepare for future opportunities.
The Central Bank of China announced that it had bought gold again and the war situation in Syria at the end of the week caused gold to have a gap of 15 prices this morning.
Gold Price Forecast
Christopher Vecchio, an expert at Tastylive, said he is neutral on the gold market. He believes that gold prices need to break through the resistance level of $2,725/ounce to create new growth momentum.
Kitco forecasts that gold prices may fluctuate in the range of $2,600-2,800/ounce by the end of 2024. Factors such as the Fed's monetary policy and geopolitical tensions will affect gold prices in the coming time
Good Buy Plan :
Buy 2620 - 2618
SL: 2615
TP: 2635 -2642 -2655 - 2699
or even Buy 2610-2608
SL: 2604
TP: 2618 - 2642- 2699
Gold will decline to 2567.89 if it breaks 2600 (This case is quite low)
Sell Plan:
Sell: 2663
SL: 2668
TP: 2656 - 2652
Sell: 2688 - 2690
SL: 2673
TP: 2674 - 2666 - 2654
XAUUSD GOD WEEKLY BUY PROJECTIONIf demand for the real metal goes up due to economic or political factors, it tends to increase XAUUSD's price too. The same things that impact supply and demand for gold bullion – like market conditions, policies, and shortages/ surpluses – also feed into movements in the gold/ dollar rate
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Gold trading strategy for 04th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range.
Trading Strategy:
Buy Strategy:
Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside.
Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range.
Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700).
Sell Strategy:
Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside.
Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645.
Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600).
Risk Management:
Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade.
Consider the overall market context and any upcoming economic events that could impact gold prices.
Market Context:
Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy.
Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results.
Trade wisely and stay informed! 📈💡
Gold Trading Strategy for 21st November 2024.Gold Price Strategy (1-Hour Candle Rejection and Breakout)
STRATEGY 1
Current Price: 2650.46
Sell Setup (Rejection at 2667-2668)
Condition: If the 1-hour candle closes below 2667-2668 (indicating rejection), look for a potential downside.
Entry: Enter a sell trade when the next 1-hour candle breaks the low of the rejected candle.
Targets:
T1: 2638 (first target for partial booking).
T2: 2618 (secondary target).
Stop-Loss: Place SL above the high of the rejected candle (e.g., 2675).
Buy Setup (Breakout Above 2668)
Condition: If the 1-hour candle closes above 2668, confirm bullish momentum.
Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle.
Targets:
T1: 2685 (first target).
T2: 2700 (psychological resistance).
Stop-Loss: Place SL below the low of the breakout candle (e.g., 2660).
Risk Management
Risk no more than 1-2% of your trading capital per trade.
Adjust your position size based on the distance between your entry and stop-loss.
Example Scenarios:
Sell Setup Example:
Candle closes at 2665 after touching 2667-2668.
Next candle breaks 2660 (low of rejection candle).
Entry at 2660, SL at 2675, Targets: 2638 and 2618.
Buy Setup Example:
Candle closes at 2670 after breaking 2668.
Next candle breaks 2672 (high of breakout candle).
Entry at 2672, SL at 2660, Targets: 2685 and 2700.
STRATEGY 2
Gold Price Analysis
Current Price: 2650.46
Buy Above: 2668
Sell Below: 2618
Key Levels:
Resistance Levels:
R1: 2668
R2: 2685
R3: 2700
Support Levels:
S1: 2635
S2: 2618
S3: 2600
Disclaimer:
This analysis is for educational purposes and should not be considered as financial advice. Market movements can be volatile, and strategies must be backtested before use. Consult a financial advisor before executing trades. Trading involves significant risk, including the potential loss of your entire capital.
Gold Trading Levels for 19th November 2024Gold Trading Levels (Based on 1-Hour Candle Chart):
Buy Above: 2616 (Enter a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.)
Sell Below: 2600 (Enter a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.)
Current Price: 2612.040
Key Levels to Watch:
Resistance Zones:
2640 – 2644
2660 – 2667
Watch for potential price rejection or breakout at these levels.
Support Levels:
2575
2550
2530
These levels may act as strong buying zones if the price drops significantly.
Trading Tips:
Book Profits Regularly: Lock in gains near resistance levels or key pivot zones to secure profits.
Use Trailing Stop-Loss: Adjust your stop-loss as the price moves in your favor to protect profits while allowing the trend to continue.
Disclaimer:
The levels and analysis provided are based on technical indicators and the 1-hour candle chart. This is for educational and informational purposes only and should not be taken as financial or trading advice.
Risk Management Guidelines:
Always confirm price action (e.g., a breakout, breakdown, or reversal) at the listed resistance and support levels before making decisions.
Use stop-loss orders and appropriate position sizing to manage risk.
Monitor economic events or news that may impact gold prices.
Risk Disclosure:
Trading in commodities, including gold, involves significant financial risk and may not be suitable for all investors. Past performance is not indicative of future results. Consult a qualified financial advisor before making trading decisions.
Gold Trading Strategy for 18th November 2024GOLD TRADING STRATEGY
Buy Above: $2575
If the gold price closes above $2575 on a one-hour timeframe, it may indicate a bullish trend. Consider buying at this level with appropriate risk management strategies.
Sell Below: $2554
If the gold price closes below $2554 on a one-hour timeframe, it may signal a bearish trend. Consider selling at this level with appropriate risk controls.
Current Price: $2563.220
This strategy is based on key technical levels and requires confirmation of a one-hour closing price above or below the thresholds. Traders are advised to use stop-loss orders and position-sizing techniques to mitigate risks.
Disclaimer:
This content is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in commodities, including gold, involves substantial risk of loss and is not suitable for all investors. Market conditions can be volatile and unpredictable, influenced by various factors such as economic data, geopolitical events, and global market sentiment.
The price levels mentioned are illustrative and subject to change based on market dynamics. Before making any trading decisions, you should perform thorough research or consult with a licensed financial advisor. You are solely responsible for any trading or investment decisions you make, and neither the author nor the publisher of this information shall be held liable for any losses incurred.
Always trade with capital you can afford to lose and ensure your trading practices align with your risk tolerance and financial objectives. Past performance is not indicative of future results.
Gold Trading Strategy for 13th November 2024Gold Trading Strategy: Buy Above 2,605 / Sell Below 2,589
Current Price: 2,599.00 USD
Key Levels:
Buy Signal: If the price closes above 2,605 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying.
Sell Signal: If the price closes below 2,589 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling.
Market Analysis:
The current price is hovering around 2,599.00 USD, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 2,590 to 2,605 levels, which could act as support or resistance.
Recommendations:
Buy: If the price sustains above 2,605 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,625 and 2,640.
Sell: If the price breaks below 2,589 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,575 and 2,560.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
Gold trading and investment strategy XAUUSDGold Trading Strategy: Accumulate Buying Above 2,638 with Stop at 2,602
Current Price: 2,622.00 USD
Key Levels:
Buy Signal: If the price closes above 2,638 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider accumulating buying.
Stop Loss: Place a stop loss at 2,602 to manage risk.
Long-Term View Negation: The long-term bullish view will be negated if the price closes below 2,600.
Market Analysis:
The current price is hovering around 2,622.00 USD, just below the buy signal level.
The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 2,600 to 2,650 levels, which could act as support or resistance.
Recommendations:
Accumulate Buying: If the price sustains above 2,638 on the one-hour candle close, consider entering long positions with targets at 2,950 and 3,000 USD per ounce by February.
Stop Loss: Place a stop loss at 2,602 to manage risk.
Long-Term View: Be aware that the long-term bullish view will be negated if the price closes below 2,600.
Intraday Trading:
Buy: For intraday trading, consider buying above 2,625.
Sell: For intraday trading, consider selling below 2,616.
Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
#XAUUSD/H4 Gold cools down, risks and opportunities.Market analysis for XAUUSD gold trading on November 4, 2024:
At the end of last week's trading session, the gold price closed at 2735. This confirms the price adjustment trend of gold. It is likely that this adjustment will not be as deep as the previous one.
Today's trading trend: SELL.
Key price levels to pay attention to:
SELL zone: 2750 - 2755, 2765 - 2770, and 2780 - 2785.
BUY zone: 2725 - 2730, 2715 - 2720, and 2702 - 2707.
Recommended orders:
Plan 1: SELL XAUUSD zone 2755 - 2757
SL 2760
TP 2752 - 2745 - 2730 - 2720.
Plan 2: SELL XAUUSD zone 2765 - 2767
SL 2770
TP 2762 - 2755 - 2740 - 2720.
Plan 3: BUY XAUUSD zone 2717 - 2719
SL 2714
TP 2722 - 2730 - 2740 - 2750.
SHORT TRADE IDEA IN GOLD - XAUUSDSymbol - XAUUSD
XAUUSD is currently trading at 2733
I'm seeing a trading opportunity on sell side.
Shorting XAUUSD at CMP 2733
I will add more quantity at 2747, If comes. Holding with SL 2760
Targets I'm expecting are 2704 - 2687 & 2674
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
XAUUSD 1H SELL PROJECTION 24.1024Reason for Bearish
1. Breaked Major Support 2720 yesterday and now retesting tthe breaked Zone
2. Rsi 14 below 50 and tends to be selling confirmation
3. Stochastic Overbiught in abobe 80 and 1h Bearish Movement
Over all Projection
XAUUSD SELL 2720-23
SL 2730
TP 1 2715
TP 2 2710
TP 3 2701
GOLD - BEAR ATTACK SOON ?GOLD is growing unpredictably towards ATH. The market did not react in any way to last week's US fundamental data and now the price is not reacting to strong levels and liquidity zones. Ahead of ATH after 3 weeks of forming.
Investors remain cautious as the US Fed is expected to follow a path of moderate interest rate cuts (skipping a cut in November, or a 0.25% cut).
The gold price is actively supported by the tense situation in the Chinese markets and lower US Treasury yields, which helps the gold price to take another leap towards the ATH.
Now all eyes will be on Thursday when China holds a press conference and the US retail sales report is released.
Resistance Zone : 2680 - 2688
Support Levels : 2664,2658,2645
Technically, I don't think that the market will let the resistance breakout happen the first time. The pullback from 2685, formed 3 weeks ago, was made on the back of strong economic data, so the huge pool of liquidity above 2685 can be defended quite aggressively by the bears.
Technically, there are no signs for the continuation of growth. They may appear after the retest, but it will become clear after the fact.
P.S. : My short position is open at CMP 2680 with SL 2702.
XAUUSD WEEKLY BUY PROJECTION 19.10.24Reason for Bullish
Gold hit a record high last month. Goldman Sachs analysts think it's not done rising.
1
The firm in a Monday note said it has a price target of $2,700 per ounce on the precious metal. That's actually a bit less bullish than before, since the bank is now targeting early next year instead of later in 2024 — but that's still an 8% premium over the $2,525 high on Aug. 27.
2
CNBC. “Gold / US Dollar Spot.”
Gold futures ticked higher Wednesday to around $2,524 an ounce.