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Gold Break All Time High Again And Again🌍 Market Overview: Gold Bullish Expansion Continues bullish momentum, reaching a new All-Time High (ATH). Driven by USD weakness and improved global sentiment. Key Drivers: 🔹 Postponed Tariffs: Delay on tariffs for Canada & Mexico boosted investor confidence. 🔹 China's Retaliation: Symbolic tariff actions by China, with minimal real economic impact. 15-Minute Chart • Key Observations: o Strong bullish momentum is evident, with price repeatedly breaking previous highs. o A key support zone is established around $2,840, reflecting strong buying interest. o Recent bullish movement aligns with improved investor confidence due to postponed tariffs on Canada & Mexico and symbolic Chinese tariff retaliation. • Market Sentiment: o Bullish sentiment is dominant, likely fueled by favorable geopolitical and economic developments. o Immediate resistance is near the all-time high levels; a clear breakout could indicate further upside. ________________________________________ 4-Hour Chart 🚀 Key Observations: Price is trading within an upward parallel channel, confirming a consistent bullish trend. A breakout and successful retest of the upper boundary of the channel signals potential continuation of the bullish move. The price has established higher highs and higher lows, indicating a strong uptrend. Technical Levels: Resistance: Near $2,860-$2,865 (current high levels). Support: $2,820 (middle channel boundary). ________________________________________ Conclusion: • Overall Bias: Strongly bullish in both short and medium time frames. • Trading Strategy: o 🔵For buyers: Consider entries on pullbacks toward $2,840-$2,845 (support zone). o For breakout traders: A clear break above $2,865 with strong volume may present an opportunity to ride the trend. o For risk management: Place stop-loss below $2,820, as a breach could indicate a potential reversal. ⚡️The Result? 👉Gold continues to break records, hitting 2848 - 2850 this morning, a key Fibonacci Extension (FE) resistance zone. However, selling pressure remains weak, and price action still favors bulls. NO FOMO SELL at this level! 👉 Always follow TP/SL to protect your capital and maximize profits! Stay tuned for updates once the confirmations are in place ! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! 📢 Best Regards , Silver Wolf Traders Community Disclaimer: This is for educational purposes only. Always trade responsibly and manage your risk effectively
OANDA:XAUUSDLong
by silverwolftraders029
Gold Skyrockets to New Heights – Is $3,000 the Next Stop? 🚀 Gold Breaks Records Again – Is $3,000 Next? 🚀 Gold has done it again! A new all-time high (ATH) has been set, proving once more that the market’s hunger for safe-haven assets is at an all-time high. With rising geopolitical tensions, inflationary fears, and economic uncertainty, investors are pouring into gold, looking for stability amidst the chaos. But is this just the beginning? 🔥 Gold’s Unstoppable Surge – What’s Driving It? 🔹 The USD’s Strength Can’t Stop Gold – Despite a strong dollar, gold continues to push higher, signaling extreme demand from institutions and retail investors alike. 🔹 Geopolitical Uncertainty & Trade Wars – Trump’s latest tariff policies on Canada, Mexico, and China have spooked global markets, fueling demand for safe-haven assets. 🔹 Stock Market Volatility & Crypto Struggles – The S&P 500 and Bitcoin are facing major resistance, while gold is thriving. This shift in capital flows suggests that gold is currently the #1 preferred asset for wealth preservation. 📈 What’s Next for Gold? 💡 Shorting Gold Right Now is Dangerous! The FOMO effect is in full swing, and the technical structure remains bullish. Even traditional indicators like Elliott Wave, Fib Extensions, and RSI overbought levels are being ignored as price surges past resistance levels with ease. Is there a correction ahead? Of course, markets never move in a straight line. However, until we see a true breakdown in structure, every dip remains a buying opportunity. 💰 How to Trade This Market 🔹 Manage Your Risk – Extreme volatility means trading without stop-losses is reckless. 🔹 Follow the Momentum – Don’t fight the trend. Gold is moving higher for a reason. 🔹 Stay Updated – The macroeconomic landscape is shifting fast. Follow along to stay ahead! 💬 What’s Your Prediction? 👉 Will gold smash through $3,000 in the coming weeks, or are we in for a sharp correction? Drop your thoughts in the comments! 💛 Follow for daily insights & real-time trade strategies! 🚀
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
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 LIMIT PROJECTION 24.01.24Key Components of the Chart: Channel Analysis: The price is moving within a clearly defined parallel upward trend channel. The channel is marked with two parallel trendlines: an upper resistance trendline and a lower support trendline, indicating the prevailing short-term bullish momentum. Resistance Zone (R1): A major resistance level is identified near 2788-2790, which aligns with the upper boundary of the trend channel. This area is marked as a potential entry zone for a sell limit order, based on the expectation of a rejection from this resistance level. Support Zone (S1): A support level is marked near 2780, acting as the take profit (TP1) for the proposed trade. This is also in line with the midline of the channel, suggesting a likely pullback target. Entry & Stop Loss (SL): Entry zone: 2788–2790 (at resistance R1). Stop loss (SL): 2798, placed just above the resistance zone to account for false breakouts. Take profit (TP1): 2780, aiming for a move back toward the support level. Trendlines and Candlestick Interaction: The chart highlights how price action respects both the upper resistance trendline and lower support trendline through previous touchpoints, indicating strong adherence to the channel. Bearish Projection: The setup assumes a short-term bearish reversal from the resistance zone, as the price is anticipated to test the lower levels within the channel.
FXOPEN:XAUUSDShort
by kripsonfx97
GOLD strategy January 16 after bigwin CPIThe US CPI unexpectedly slows down, raising expectations for an early rate cut by the Fed The US CPI index in December increased less than expected. This development not only helps ease the selling pressure in the bond market but also strengthens confidence that the Fed may cut interest rates sooner than previously anticipated. The market is now forecasting that the Fed will reduce interest rates by a total of 40 basis points by the end of this year, higher than the 31 basis points reduction forecast before the inflation data was released. The US Dollar Index dropped by 0.1%, making gold more attractive to holders of other currencies. The yield on 10-year US Treasury bonds also decreased. Investors are concerned that the possibility of new tariffs after Donald Trump returns to the White House next week could drive up inflation and limit the Fed's ability to reduce interest rates further. There are several noteworthy updates in the current economy, but there is still some disparity in the economic and monetary policies related to the USD. One significant point is that Trump’s success in this agreement stemmed from his simple but firm demand for an immediate deal. This has pushed not only Israeli Prime Minister Benjamin Netanyahu but also far-right members of his cabinet into a position where they must choose: cooperate or lose the support of the most friendly US president in history. This suggests a focus on military strategy by Trump before addressing monetary and financial policies, with contrasting opinions and conflicts present in the information. Current views indicate that the following scenarios may arise: From a technical analysis perspective, gold is still in an uptrend, and the economic news supports this, so buying gold in recent days has been a big win for traders. However, there are a few factors to consider regarding ongoing conflicts in various countries, with Trump taking initial steps to ease escalating tensions. This may indicate that gold could experience sharp drops at any moment. Looking at the large timeframe chart on H4, there is a double top pattern, signaling that gold may decline in the coming days. Currently, the view is that gold will have another upward move before a sudden drop occurs due to news related to the conflicts and the double top pattern on the H4 chart. Therefore, the strategy for today is to follow the primary trend and look for buying opportunities. Trading Zone Strategy BUY ZONE: 2678 - 2680 SL: 2672 TP: 2684 - 2688 - 2692 - 2695 - ???? BUY ZONE 2: 2662 - 2660 SL: 2655 TP: 2666 - 2670 - 2672 - 2676 - ??? SELL ZONE: 2624 - 2626 SL: 2630 TP: 2620 - 2618 - 2614 - 2610 Please note that today we have data on Core Retail Sales m/m & Unemployment Claims. The price range could move from 30 to 35 pips, so be sure to take note of the price levels marked on the chart. Always adhere to TP/SL to protect your trading account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Trading strategy for January 15 CPI dataGold has slightly rebounded due to support from a weaker US Dollar and easing Treasury yields, as the US Producer Price Index (PPI) inflation data came in lower than expected, easing concerns about rising inflation in the near term. In today’s session, investors will continue to watch for the release of the Consumer Price Index (CPI) data at 20:30 and a speech by the Federal Reserve’s Governor at 22:00. As such, investors may remain cautious in their trades ahead of these important economic reports and news. At the start of the Asian session, there are expectations that Gold may see some upward movement. Therefore, considering a Buy position is recommended, with targets at 2,678 - 80 and further up at 2,685 - 87. However, after this, we can look to sell on any pullback in the 85 - 87 region, aiming for 5-10 points profit. Currently, traders can consider buying within the short-term range in the Asian session. If the price closes below 2662, avoid buying and wait for lower levels to enter. For now, the bias is more towards buying, and further updates will be provided as the price action unfolds towards the European session. Key Resistance: 2678 - 2682 Key Support: 2664 - 2660 Trading Plan: SELL ZONE: 2683 - 2685 SL: 2690 TP: 2680 - 2676 - 2674 - 2670 BUY ZONE: 2657 - 2655 SL: 2652 TP: 2660 - 2663 - 2665 - 2670 - ???? Today, we have crucial CPI data coming out, so be cautious with your trades and avoid complacency. Always adhere to your TP/SL levels to protect your account. The ADMIN will provide continuous updates on any changes in price action. GOOD LUCK!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
1
GOLD TRADING STRATEGY January 14Global Gold Prices Decline as USD Hits 2-Year High The gold market experienced a decline in prices as the US dollar reached its highest level in over two years. The Dow Jones index initially opened with a decrease but later surged over 100 points, while the NASDAQ and S&P 500 remained in the red. Gold prices also initially dropped following the opening of the US stock market but quickly rebounded as the Dow Jones index began to rise. Key Market Updates Gold prices ended the trading day on January 13 with a 1.1% decrease, settling at $2,658.84 per ounce. The US dollar index reached its highest level since November 2022, driven by a strong US jobs report that highlighted the economy's resilience and diminished the prospects of a Fed rate cut. The impending inauguration of President Trump and his proposed trade policies, including tariffs and protectionism, may lead to inflation and trade wars, potentially increasing the appeal of gold as a safe-haven asset. Market Outlook and Expectations Investors are eagerly awaiting the release of key economic reports, including inflation data, unemployment claims, and retail sales figures, to gain a better understanding of the US economy and the Fed's policy plans. Currently, the market expects the Fed to cut interest rates by 0.25% this year, down from the previous expectation of a 0.4% cut. Trading Strategies and Recommendations Despite the current market conditions, which favor a stronger US dollar, gold prices remain within the upward channel and have not shown any signs of breaking down through key support levels. The current view is to maintain a buying position, with the following entry and exit points: Buy ZONE: 2662−2660 Stop Loss : $2655 Take Profit : 2668 − 2668 − 2672 - 2676 − 2680 Sell ZONE: 2685−2687 SL: 2692 TP: 2680 − 2680 − 2677 - 2673 SELL ZONE: 2694−2696 SL: 2700 TP: 2690 − 2690 − 2687 - 2685 − 2680 Today's Market Focus The Producer Price Index (PPI) report will be released today, and investors should be cautious in their trading decisions. The plan for the day will be updated after the Asian and European markets close, and a view for the US market will be provided after the PPI report is released. Remember to follow proper risk management and adhere to take-profit and stop-loss levels to protect your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
GOLD strategy beginning of the week January 13 Continued uptrendSafe Haven Demand for Gold Surges Amid High Inflation and Upcoming Tax Policies Under Trump Administration Gold prices in the domestic market closed the week at their highest level in a month. A report from the U.S. Department of Labor showed that non-farm payrolls in December increased by 256,000, far exceeding the November figure of 227,000. The strong job data caused an unexpected reaction in the commodities market. This has raised the probability of the Federal Reserve (Fed) not cutting interest rates in January to 97.3%. Meanwhile, 74% of analysts believe that the Fed will maintain its current interest rates until the FOMC meeting in March. Donald Trump will be inaugurated as U.S. President on January 20. Markets are paying close attention to the Trump administration’s policies, particularly regarding tariffs and their inflationary impact, as well as concerns over rising fiscal debt. In such a scenario, gold is seen as an inflation hedge, potentially pushing its price higher. Analysts at Saxo Bank suggest that these factors have driven increased physical gold accumulation in China. Gold has also seen significant gains against the British pound, as the U.K. faces a new bond market crisis. U.K. bond yields have surged due to concerns that the government will struggle to control the deficit amid rising spending costs. While higher interest rates are typically bad news for gold, uncertainty around tariffs continues to drive safe-haven demand. Since the beginning of the year, gold prices have risen nearly 3%. Looking at the charts, the price trend is turning bullish, with the next key resistance level at $2,715 per ounce. Bank of America and JPMorgan predict gold bullion will reach $3,000 per ounce by year-end, while UBS forecasts a price of $2,900 per ounce. Market Update and Technical Analysis Here’s a quick update on the current market situation. As mentioned, scenarios still favor gold’s upward momentum, despite positive U.S. data indicators. With upcoming events, investor sentiment remains inclined toward gold as a safe haven. The key psychological level is at $2,720; if this level is broken, the previous peak will likely be revisited quickly, leading to the creation of a new all-time high. However, initially, the market may test $2,720, followed by a correction phase to gather liquidity and momentum for reaching higher levels. From a technical analysis perspective, the bullish trend remains stable, supported by fundamental analysis factors. Therefore, continuing to buy is recommended, with a target at $2,720. BUY ZONE: 2678 - 2676 SL: 2672 TP: 2684 - 2688 - 2694 - 2700 - ??? SELL SCALP: 2702 - 2704 SL: 2708 TP: 2698 - 2694 - 2690 - 2686 SELL ZONE: 2716 - 2719 SL: 2723 TP: 2712 - 2710 - 2697 - 2694 Note: Key resistance zones are already highlighted in daily and weekly plans. Exercise caution early Monday as price ranges are still forming. Adhere strictly to TP/SL for every trade signal to safeguard your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy January 10, NF newsWhere will the gold trading strategy go for the first NONFARM news of the year ??? ⚫ Gold Prices Stable with Growth Prospects Spot gold holds steady at $2,670.16 per ounce, expected to rise over 1% this week, marking its best week since November 2024. ⚫ Focus on Nonfarm Data December 2024 Nonfarm report is projected to show an increase of 160,000 jobs, lower than the 227,000 gain in November, which may impact the Fed's interest rate policy. ⚫ Factors Supporting Gold Increased demand for safe-haven assets amid economic uncertainties. President-elect Trump’s policies, expected to raise inflation through tariffs and protectionist measures. ⚫ Fed Policy Outlook Kansas Fed President Esther George opposes further rate cuts, citing the U.S. economy's recovery and inflation remaining above the 2% target. The market is now awaiting the official U.S. jobs report for more clarity on the Fed's policy trajectory. At the latest Fed meeting, policymakers agreed that inflation is likely to continue slowing this year but noted persistent risks of price pressures due to potential impacts from President-elect Donald Trump’s policies, according to meeting minutes. Mr. Trump will assume office on January 20, 2025. The proposed tariffs and protectionist policies are expected to drive up inflation. Gold is viewed as a hedge against inflation, but high interest rates reduce the appeal of non-yielding assets. Fundamental Analysis The news continues to support gold's growth outlook. Despite the strong performance of the USD (DXY), gold has shown resilience, maintaining its upward trend. Technical Analysis In recent days, gold has been stable within upward trend channels, signaling sustainable momentum in the current price range. Observing the candlestick patterns reveals that buyers are strongly dominating, pushing the price towards critical resistance levels. Today’s Nonfarm Payrolls report is particularly crucial as the first significant economic data release of the year. Global investors are expected to closely watch this report, as it could significantly influence market movements for the month or even longer. Price fluctuations are likely to be substantial, with anticipated ranges of 40-50 points compared to previous Nonfarm reports. Stay cautious. Trading Strategy for Asian/European Sessions BUY SCALP: 2662 - 2660 SL: 2656 TP: 2668 - 2672 - 2676 - 2680 BUY ZONE: 2646 - 2644 SL: 2640 TP: 2650 - 2654 - 2660 - ???? SELL SCALP: 2678 - 2680 SL: 2683 TP: 2674 - 2670 - 2668 SELL SCALP: 2690 - 2692 SL: 2696 TP: 2684 - 2682 - 2680 - 2676 SELL ZONE: 2704 - 2706 SL: 2710 TP: 2700 - 2696 - 2692 - 2888 As mentioned, today is expected to see significant volatility due to the critical Nonfarm report and Friday's weekly candle close. Stay cautious, follow your TP/SL strictly, and manage your account carefully. GOOD LUCK!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Sideways gold strategy waiting for NONFARM January 9, 2025Analysis and Trading Strategy for Gold Today: 1. Fundamental Analysis: US Weekly Unemployment Claims: Data from last week showed significant improvement, indicating a strong job market. However, when combining the weak ADP Payrolls data and the dovish stance of FED's Waller with the strong Unemployment Claims data: FED's Waller does not believe severe tariff policies will be implemented. In the short term, he also does not expect tariffs to have a significant impact on inflation. => This indicates that FED's Waller remains dovish, which may soon provide support for Gold to rise again and further. 2. Technical Analysis: Based on the data and aligning it with technical analysis, the current trend remains bullish as yesterday's news maintained a dovish tone for both Gold and USD. Looking at the charts, the H1, H2, and H4 timeframes all display an uptrend within a parallel price channel in recent days. Today (Thursday): There are no significant news releases. We’ll have to wait until Friday's NONFARM Payrolls, which are expected to trigger a strong price movement (potential range of 40-50 pips). M30 Chart View: There is still an uptrend visible in this timeframe. Today's expectation is for Gold to continue sideways within a range of 15-20 pips while waiting for Friday's key news. The main strategy is to wait for the price to drop to important levels and then BUY. Trading Strategy: BUY SCALP: Entry: 2652 - 2650 Stop Loss (SL): 2647 Take Profit (TP): 2656 - 2660 - 2664 BUY ZONE: Entry: 2646 - 2644 SL: 2640 TP: 2650 - 2654 - 2658 - 2664 - 2670 SELL ZONE: Entry: 2670 - 2672 SL: 2676 TP: 2665 - 2660 - 2656 This is the price range where I expect the market to move 70-80% of the time today, especially during the Asian and European sessions. If there is a larger movement or unexpected news, backup levels are as follows: Resistance: 2680 - 2688 Support: 2636 - 2627 I’ve already noted these levels, and any significant changes will be updated promptly. Important Notes: Be cautious and strictly adhere to TP/SL levels. Never remove SL, as small mistakes are easier to fix, but large ones are much harder to recover from. GOOD LUCK!
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
Day Gold trading strategy features first NonFarm ADP of the yearGold Market Update and Trading Strategy Yesterday, gold experienced another bustling trading session, climbing from 2633 to 2663 before sharply dropping back to 2642 following the release of positive U.S. economic data. The PMI services data and job openings figures released yesterday were exceptionally strong, exceeding forecasts and indicating that the U.S. labor market and economy remain robust. This gives the Federal Reserve no reason to consider cutting interest rates, putting significant downward pressure on gold prices. President Donald Trump also emphasized that inflation is currently very high and expected to continue rising. A high-inflation economy is an ideal environment for gold's growth. This explains why gold rebounded shortly after, stabilizing at the 2650 level. Today, the ADP employment data is set to be released, marking the first major ADP report of the year. It is expected to have a notable impact on gold prices this week and potentially throughout the month. Buyers have returned, driving the price closer to the previous peak of 2665. Currently, prices are stalling near the strong Monday resistance zone at 2649. Buyers are holding the upper hand as the H1 candlestick shows a long wick below the 2649 resistance area. If the candlestick closes above this level, early buy opportunities during the day are worth considering. Target price zones have been noted, but if volatility increases, we have more distant target levels for trading. Trading Strategy BUY ZONE: 2634 - 2632 SL: 2627 TP: 2640 - 2646 - 2650 - 2662 - 2670 SELL ZONE: 2688 - 2690 SL: 2694 TP: 2682 - 2678 - 2672 - 2668 Today’s key news highlights the importance of monitoring trading volume and strictly adhering to TP/SL levels to protect your account’s safety. Scalping zones for today have been listed on the chart for observation, but the primary focus should be on BUY opportunities. For SELL trades, wait for higher points before executing. GOOD LUCK TO ALL!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold 01.07,continues to be profitable and has a strong uptrendReshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD Fake news caused market chaos at the start of the week: The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor. From Trump's statements, the following key points can be derived: Key Points: Trump suggests lifting Biden's oil drilling ban: U.S. oil producers are likely to return to the market more strongly. A significant drop in oil prices can be expected. Inflation could be better controlled, which is favorable for GOLD. Trump denies the WaPo report: While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements. Trump's tariff plan remains intact. This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market. Trump made no mention of tariffs in his latest remarks: Current tariff policies do not place pressure on GOLD. This is considered a stabilizing factor for GOLD. Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities. Market Environment and Developments: DXY (Dollar Index): Slight decline after the PMI data release. Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate. Trading Strategy: BUY SCALP ZONE: 2624 - 2622 SL (Stop Loss): 2620 TP (Take Profit): 2630 - 2636 - 2640 SELL SCALP ZONE: 2656 - 2658 SL (Stop Loss): 2661 TP (Take Profit): 2652 - 2648 - 2645 BUY ZONE: 2615 - 2613 SL (Stop Loss): 2608 TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ??? SELL ZONE: 2662 - 2664 SL (Stop Loss): 2668 TP (Take Profit): 2658 - 2654 - 2650 The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades. Note: Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
XAU/USD - Gold about to give 20 dollars move?Key Observations: 1. Trendline Breakout: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - A strong supply/resistance zone is evident around $2,639–$2,644, which has acted as a base for the breakout. 3. Bullish Trade Setup: - A long position can be taken, if the price breaks out of resistance zone and retests, targeting the following levels: - Target 1: $2,649.53 - Target 2: $2,657.36 - Target 3: $2,664.13 - Target 4: $2,668.70 - Stop-Loss: Below $2,639.65. 4. Alternate Bearish Scenario: - If the price re-enters below the demand zone and fails to sustain the breakout, bearish momentum could push the price toward lower levels near $2,627.50. --- Trading Scenarios: 1. Bullish Continuation: - If the price holds above $2,646, there is a strong likelihood of testing higher resistance levels up to **$2,668.70**. 2. Bearish Rejection: - A move below $2,636.5 could invalidate the bullish scenario, indicating a potential retest of lower supports. --- Always use proper risk management when executing trades. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
OANDA:XAUUSDLong
by PhD_Swingtrader
trading strategy January 3, 2025. Gold increased sharply, why?What is happening, and why do investors continue to choose gold in 2025?** Gold prices hit a two-week high Gold has been bolstered by safe-haven buying activity as markets position themselves ahead of the Federal Reserve’s (Fed) interest rate outlook and the upcoming trade tariff policies of U.S. President-elect Donald Trump. Geopolitical factors, including international tensions and financial instability, particularly leading up to Trump’s inauguration, are also supporting gold prices. Gold thrives in low-interest-rate environments and serves as a hedge against economic and geopolitical risks. Investors are awaiting key data such as U.S. job openings next week, the ADP employment report, the Fed’s December meeting minutes, and the official U.S. jobs report to assess the 2025 interest rate outlook. Trump's inauguration on January 20 has heightened uncertainty, with his proposed tariff and protectionist policies expected to drive inflation and potentially trigger trade wars. As expected in yesterday's trading plan, traders were advised to actively seek buy opportunities for gold at higher price levels due to strong bullish momentum and investor sentiment being positioned above safe price zones. Analyzing the D1 chart shows the bullish side dominating, with upcoming news continuing to favor gold's upward trajectory. On the D1 timeframe, pay attention to the 2670–2672 range, which is a zone of strong reaction, to look for sell scalping opportunities. However, the main trend today remains focused on buying in the target zones below. **Trading Strategy** - BUY ZONE: 2635–2632 Stop Loss (SL): 2629 Take Profit (TP): 2640–2646–2654–???? - SELL ZONE: 2704–2706 Stop Loss (SL): 2710 Take Profit (TP): 2698–2694–2690–???? Keep an eye on critical price zones according to the plan to optimize scalping trades and maximize profits. Ensure every entry is accompanied by adequate TP and SL levels to safeguard your account.
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy opens the new year trading sessionThe strong buying activity of central banks, geopolitical instability, and monetary policy easing have driven gold to break several record highs in 2024. According to analysis and forecasts, the factors supporting gold in 2024 will continue into 2025, although they also highlight potential obstacles from Trump’s policies, which may increase inflation and slow down the Federal Reserve's interest rate cuts. Concerns about politics peaked after Trump’s decisive victory… The central bank’s gold-buying trend is expected to continue at a similar pace in 2025, but the flow of capital into gold will likely be more discreet due to the threat of tariffs from Trump on countries that are actively de-dollarizing. Gold surged quickly at the start of the Asian session at the beginning of the new year, likely due to large investors returning to the market after the long holiday, and the market has become more lively again. This comes especially after the US housing data report published on Tuesday, which showed a sharp decline compared to the previous period, possibly boosting optimistic sentiment about the Fed’s upcoming interest rate cuts. The market has improved compared to the gloomy period at the end of the year, due to profit-taking and the absence of large investors in the market. If gold rises quickly at the start of the day, do not chase the buy position; instead, wait for a reasonable price to sell during a retracement, and then consider buying again later. Therefore, the suggested strategy for the start of the day would be to sell during the retracement with a target of 2,632. After that, look for a buy again at support levels around 26 - 22 or lower. For the European session, the EURO PLAN suggests that if gold doesn’t reach the target by the start of the European session, then exit the sell position and consider buying earlier. Trading Strategy: SELL ZONE: 2648 - 2650 SL: 2255 TP: 2642 - 2638 - 2634 - 2630 BUY ZONE: 2600 - 2598 SL: 2594 TP: 2605 - 2610 - 2614 - 2620 These are key resistance and support levels that the author believes will see price reactions if reached. However, keep in mind the notes above in the article. The market has opened strong this morning with a lot of buying activity, which suggests that the trend of the previous downtrend channel may be broken. Therefore, be cautious with sell positions and prioritize finding buy entry points as suggested by the author. Good luck!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold trading strategy on Friday, December 20U.S. Data Strengthens Market Expectations for the Federal Reserve's Cautious Approach to Policy Easing Next Year Recent data has reinforced market expectations that the U.S. Federal Reserve (Fed) will adopt a cautious approach to policy easing in the coming year. Earlier reports showed that the U.S. economy grew faster than expected in Q3 2024, while unemployment claims also saw a significant decline compared to forecasts. The robust economy and inflation risks, including tariffs and spending cuts, reaffirm that the Fed has little reason to take aggressive action. This traditionally is not favorable for gold, a non-yielding asset. Investors are awaiting the release of the core Personal Consumption Expenditures (PCE) data on December 20, the Fed's preferred inflation gauge, for further clues about the economic outlook. In today’s trading session, investors will focus on the crucial PCE inflation data, which will determine whether gold will recover strongly to the 2.63x - 2.65x region or drop deeper to the 2.55x - 2.53x range. The answer will be revealed later today, with a slight increase expected compared to the previous report. For now, it is advisable to consider buying in the Asian and European sessions first, with the PCE data to be considered later. Thus, the recommendation is to buy with targets at 2.605 - 2.607, 2.610 - 2.612, and possibly 2.615 - 2.617. Afterward, a sell position can be considered on a pullback with a target of 5-10 points. In the European session, if gold continues to trade around 2.59x at the start of the European session, the buy strategy remains valid. However, if gold falls and closes a candle at 2.58x, the situation should be reconsidered. At that point, a sell position may be initiated earlier with a target of 5-10 points. Trading Plan: BUY ZONE: 2591 - 2589 SL: 2585 TP1: 2600 TP2: 2605 SELL ZONE: 2621 - 2623 SL: 2627 TP1: 2610 TP2: 2600 Gold is rebounding quickly after China’s decision to maintain interest rates, following the Fed’s signals that rate cuts may be less aggressive. => There is a possibility of further gains, but it is not recommended to chase buys. Waiting for a light pullback would be a more prudent strategy.
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
GOLD Weekly Outlook from 16/12 to 20/12/24:GOLD Weekly Outlook from 16/12 to 20/12/24: Gold has corrected lower this past week as the Dollar and Treasury yields have rebounded as traders are worried that the Fed will cut rates less next year following higher-than-expected manufacturing PPI data, although the odds of a 25bp cut by the Fed in the middle of this week are unchanged. Currently, selling pressure is still on Gold due to concerns about rising inflation and fewer rate cuts... but fundamentally, if the Fed cuts rates by another 25bp, Gold will become even cheaper and the "opportunity cost" will be even cheaper... so the trend will remain bullish... The decline is just a short-term effect of news and traders' expectations. This week, traders will receive many important economic data from the US, but the most important is the FED's Interest Rate Decision in the middle of this week... In addition, traders will also pay attention to the Interest Rate Decision of the Bank of Japan (BoJ) in the middle of the week, and of the People's Bank of China (PBOC) on Friday. The prediction will be more bullish, if there is a decrease, it is better to Buy... In today's trading session, Gold has decreased quite a lot and this morning swept down to near the 2,642 - 40 area and then bounced back quickly despite no news... it is predicted that the Buy force has begun to appear to probe the bottom to welcome the FED... Therefore, I will prioritize long-term Buy. 🟢 BUY Scap 2635.x Sl 2632 SL: 2630 TP: 2641 – 2655 🟢 BUY 2620.x Sl 2618 SL: 2614 TP: 2643 – 2655 - 2668 🔴 SELL 2672 – 2674 SL 2677 TP: 2664 - 2655
PEPPERSTONE:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold Trends Forecast December 11🤑Gold Trends Forecast December 11 ✔️ Gold continued its impressive upward momentum during yesterday’s session. This was fueled by investor optimism as China expanded its economic stimulus packages, while geopolitical risks in Syria remain despite opposition forces gaining control over some areas. Notably, there has been no news or economic data strong enough to weaken Gold's upward trend. ✔️ In my view, unless unexpected factors arise—such as controversial remarks from Trump or economic data that shakes the market—Gold is likely to continue its climb. Lower interest rates have made the opportunity cost of holding Gold more attractive, which is the primary reason for its rebound from the 2,5xx and 2,6xx levels. A deep downward reversal should only be considered if the Fed signals a return to interest rate hikes. ✔️ For tonight’s session, the CPI data will be the decisive factor. If inflation figures are favorable, Gold could break above 2,75x or experience a deep correction of 50–70 points. However, I lean toward the scenario of only a slight correction before continuing its rise, thanks to the current bullish sentiment. My personal strategy is to wait for a minor dip and then re-enter with these targets: Short-term: 2,700–2,705 Longer-term: 2,710–2,715 In the European session, if Gold holds the 2,6xx range or near 2,69x, a Buy strategy remains viable. Conversely, if prices fall below 2,68x and close below this level, I will reconsider the strategy. From mid-European sessions onward, if prices fail to break the 2,7xx range, I will exit Buy positions and switch to Sell, aiming for 5–10 points. 🟢 BUY 2688.x Sl 2683 Scalp 🟢 BUY 2676 - 2674 SL 2671 🔴 SELL 2620 - 2622 SL 2625 - D1 plan
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
2
Gold Trends Forecast December 10Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities. • The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices. • Technical analysis: • Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power. • Expect Fibo 0.5 – 0.618 to buy back • Trading plan: Buy Gold: 2652 – 2650 SL: 2648 TP: 2656 -2662 – 2674 If SL this order buys back Buy Gold: 2645 - 2643 SL: 2640 TP: 2656 -2662 – 2674 – Open Sell Gold: 2686 – 2688 SL: 2692 TP: 2679 - 2660
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade