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GOLD - BREAKDOWN OF RISK ZONE 2880 MAY TRIGGER TREND CHANGESymbol - XAUUSD Gold is deviating from its recent trend and is now testing the panic and risk zone at 2880 as part of a corrective phase. A retest of this level would increase the likelihood of a potential trend reversal. The recent loss in gold's upward momentum can be attributed to the uncertainty surrounding President Trump's tariff plans and ongoing economic challenges in the United States. Conflicting statements from the president are providing support for the dollar, while rising bond yields are exerting downward pressure on gold prices. Market participants are closely monitoring the upcoming US GDP data. Should the results fall short of the forecasted 2.3% there is potential for gold to appreciate. Additionally, speeches from Federal Reserve officials will be crucial, but the key factor remains President Trump's remarks, which could significantly influence market sentiment. From a technical standpoint, the market structure is currently bearish, suggesting that a continuation of the decline is likely after a brief corrective phase. Support levels: 2878, 2888 Resistance levels: 2890, 2907 A false breakdown of the aforementioned support levels, following a significant decline, could lead to a correction. Initially, the price may move toward the 0.5 Fibonacci retracement level, and after a brief pullback, the 0.7 Fibonacci level could be tested. However, market participants should closely observe the price action at these levels. If gold continues its downward movement, attention will be focused on the 2880 level. Conversely, if the price struggles to move lower and begins testing resistance, there is a possibility that, amidst heightened risks, the market could shift back into a growth phase.
OANDA:XAUUSDShort
by akshit_official
GOLD - RETEST OF TREND SUPPORT BEFORE DATA & NEWS FLOWSymbol - XAUUSD Gold is currently exhibiting a false breakdown of the lower boundary of its consolidation range and the support for its uptrend within the ongoing correction. Traders are awaiting the release of the S&P Global PMI indices in the United States. The price of gold has retreated from its record high of $2955, yet it still maintains the potential for further upward momentum. The recent decline can be attributed to profit-taking as market participants prepare for the upcoming release of the S&P Global PMI indices in the U.S. The PMI data may influence market expectations regarding potential interest rate cuts by the Federal Reserve. However, any potential price decline driven by strong PMI results could be short-lived, particularly if President Trump's new tariff proposals reignite demand for safe-haven assets. Although gold may continue to experience correction, any downward movement is likely to be perceived as a near-term buying opportunity. Key resistance levels: 2933, 2939, 2946, 2955 Key support levels: 2924, trend support A false breakdown of the uptrend support is in progress. If the bulls manage to defend the key support area, gold may continue its ascent in the short to medium term. However, the short-term outlook is contingent on upcoming news.
OANDA:XAUUSDLong
by akshit_official
GOLD - BULLS NEED TO EXERCISE CAUTIONSymbol - XAUUSD CMP - 2916 Gold is currently testing a critical risk zone within its corrective phase, where the market faces a decision point: either the continuation of the prevailing trend or the onset of a deeper correction. Attention is focused on the recently released US CPI data, which exceeded expectations. Markets remain uncertain due to the potential impact of President Trump’s proposed tariffs and the Federal Reserve's policy stance. According to the Wall Street Journal, the administration is preparing to introduce new tariffs, further adding to global economic risks. US CPI remained significantly above the Federal Reserve's target in January. Mr. Powell has indicated that the Fed is not in a rush to alter its course, leading to heightened expectations of a single rate cut in December, which in turn has supported rising bond yields. Gold is currently trading within a crucial zone, and at levels that suggest it is overbought. In my view, the ongoing rally is nearing its conclusion. Resistance Levels: 2920, 2928, 2942 Support Levels: 2897, 2880, 2855 A false break below the support level at 2897 would signal continued bullish sentiment and potential aggression in the market. If the bulls maintain price levels above 2920-2928, we may see further rally towards 2942, 2960, and potentially 3000. However, if gold breaks below 2880 and remains beneath this level, liquidation could occur, leading to price declines towards 2855, 2842, and potentially lower levels.
OANDA:XAUUSDShort
by akshit_official
GOLD - TRADING IN ASCENDING CHANNELSymbol - XAUUSD Gold has been oscillating near the support level of 2762 since the session's opening. The probability of a retest of the all-time highs remains elevated. The dollar's current correction provides opportunities for bullish movements. Traders are experiencing profit-taking while awaiting the Federal Reserve's statements and the Trump administration's stance on trade tariffs. U.S. tariff policies, along with PMI data, continue to shape market sentiment, impacting both the dollar and gold. From an economic perspective, the upcoming week holds significant importance with key events such as the Fed's rate decision, U.S. GDP report, and PCE data release. From a technical standpoint, gold has tested a critical support zone, though it has yet to reach the risk area where a trend reversal might be expected. It appears that less committed market participants have exited their positions, securing profits. Resistance levels: 2760, 2790 Support levels: 2750, 2745 The primary focus at this stage is on the 2760 support level. Should gold manage to establish a sustained move above this level, a potential rise toward 2790 can be anticipated. However, this remains a pivotal zone that continues to attract the attention of speculators. We expect a retest of the ATH and anticipate a possible false breakout in the near term.
OANDA:XAUUSD
by akshit_official
XAUUSD MONDAY MARKET OPENING PROJECTION 26.01.24he chart illustrates an analysis of Gold Spot (XAU/USD) on a 1-hour timeframe, with a detailed projection for Monday's market opening on January 26, 2025. Key elements of the chart include: Price Levels: Current Price: $2,770.885. Target Price: $2,785.816. Stop Loss: $2,755.726. Support Level: Around $2,766.852, marked by a 38.2% Fibonacci retracement line. Technical Indicators: Stochastic Oscillator (5,3): Indicates oversold conditions, with values of 16.24 and 20.94. Relative Strength Index (RSI): Shows a neutral reading of 52.22, suggesting no strong directional bias. Projection: The blue arrow anticipates a bullish movement from the current price toward the target price after a potential bounce near the $2,766.852 support zone. A bearish scenario is mitigated with a stop loss at $2,755.726. Context: The analysis implies a buying opportunity around the support zone, aiming for a potential upward move. This chart represents a calculated setup for traders, combining Fibonacci levels and momentum indicators to define a strategy for Monday's market session.
OANDA:XAUUSDShort
by kripsonfx97
XAUUSD 1H SELL PROJECTION 23.01.24Reason for Sell Looking at the year ahead and 2025 and it will no doubt be interesting. Geopolitical risk remains a threat with the Middle East still on edge and the Russia-Ukraine situation no closer to a resolution. Just yesterday there were rumors that a proposal by the incoming Trump administration to delay Ukraine joining NATO by 10 years will not be accepted by the Kremlin. Anyone with knowledge of the situation there will know that this will not change as the main reason for the conflict (at least from a Russian perspective) is Ukraine joining NATO. These developments are likely to keep some geopolitical risk premium in play and keep safe haven demand going. Global Central Banks were one of the main drivers of the Gold price rise in 2024. This is expected to continue in 2025. The World Gold Council survey revealed in the second half of 2024 that Central Banks are likely to purchase more Gold in the next 12 months. This should further bolster demand for the precious metal. When it comes to risks affecting Gold prices moving forward, it does get challenging. The reason for this is the incoming Trump administration is expected to do good things for the economy but some policies could lead to higher interest rates. This could weigh on Gold prices. This is a double-edged sword however, in that the increased risk of uncertainty from Trump policy and concern around the impact of tariffs could actually bolster the demand for safe haven assets and thus Gold. All in all analysts are largely pricing in further gains for the precious metal in 2025, personally I do see the potential for upside as well. However, I would not rule out a deeper correction before price does actually breach the current ATH resting around the 2790 handle.
FOREXCOM:XAUUSDShort
by kripsonfx97
20
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich 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 breakC. 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:XAUUSDShort
by tradergyan01
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.
OANDA:XAUUSDShort
by akshit_official
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 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:XAUUSDShort
by tradergyan01
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.
OANDA:XAUUSDLong
by kripsonfx97