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Xauusdtrend

Gold strategy next week January 13 - 20Reasons Behind GOLD's Strong Rebound Despite Positive NFP and Unemployment Rate Data After the release of the NFP and UR data, which showed solid job creation last month, Gold initially dropped sharply following the news. However, investors soon reassessed the data and took a closer look at the revisions to previous months' figures. The job creation figure for the prior month (November) was revised downward significantly from the initially reported numbers. Combined with October’s revisions, the total downward adjustment for October and November amounted to approximately 800K jobs—a substantial revision! This led investors to speculate that December’s job creation numbers, despite appearing strong now, might also be subject to downward revisions at the beginning of next month. Should this happen, the actual job creation for December might turn out to be less impressive than currently reported, or possibly even weaker. This “history repeating itself” factor influenced the market sentiment. As a result, Gold staged a strong rebound after its initial sharp decline following the release of the data. Outlook for Gold in the Coming Week Gold is likely to revisit its recent high in the 2718–2721 range, given last week’s upward momentum. This level seems easily achievable. However, Gold has seen substantial gains in recent weeks, and a correction might be on the horizon. Such a pullback could fill liquidity gaps below, building stronger upward momentum to either retest or break through the all-time high resistance zone. Key Events to Watch in January Trump's Return to the White House: The inauguration could bring significant market volatility as we approach the end of the month. Asian New Year Holidays: The late-January holidays could cause a period of reduced liquidity. Given these factors, Gold may not yet have enough momentum to break through its all-time high. A correction is likely in the next 1–2 weeks, presenting opportunities for sell positions. Trading Strategy The key levels have already been marked on the chart. Specific entries will depend on daily price movements, and further updates will be provided accordingly. For now, focus on the resistance levels where price might react and drop back. Take note!
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
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
GOLDEN TRADING STRATEGY FOR THE LAST DAY OF 2024GOLD UNDER PRESSURE DESPITE INCREASED GEOPOLITICAL RISKS The gold market is experiencing an interesting paradox: While the demand for safe-haven assets has surged due to geopolitical tensions and economic uncertainties, gold prices have yet to break out. The primary reason for this is the strengthening US dollar and the cautious stance of the Federal Reserve regarding interest rate cuts. However, the precious metal continues to maintain its long-term appeal due to its traditional role as a store of value, along with the trend of central banks increasing their gold purchases to diversify foreign exchange reserves. Market developments will largely depend on the policies of the new US administration and global geopolitical conditions. Gold is currently facing a sell-off as investors remain on extended holiday breaks. Today is the last day of the year, and the market is expected to experience significant liquidity sweeps on major charts such as D1 and W. Caution is advised today. It might be wise to wait for the new year to begin and for the Nonfarm Payrolls report next week, after which prices may stabilize for trading. For now, the market view today indicates price movement within a similar range as yesterday, approximately 30 points or more, so the range may be quite wide. Please pay attention to the price zones noted by ADMIN to achieve optimal and safe results for your account. Currently, the trend still shows a strong downward movement, and yesterday we patiently waited for the best entry zone at the 00-02 area. After a sharp drop, the price is now retracing and forming wicks on the H4 chart. It is approaching the small resistance at 2610 - 2612, so we will wait to see how it reacts and consider a sell scalp here. If the upward momentum is strong, wait for the precise price point as outlined in the ADMIN note on the chart. Trading Strategy: Sell Zone: 2621 - 2623 SL: 2626 TP: 2615 - 2609 - 2605 Buy Zone: 2586 - 2584 SL: 2580 TP: 2592 - 2596 - 2600 As noted by ADMIN, these are the BUY/SELL zones based on the price range ANALYZED for the day. However, on the last day of the year, there may be cases where the market will sweep sharply and approach more distant price zones. Please keep an eye on the chart view that has been analyzed for you.
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold trading strategy - December 30, the last days of 2024As of December 30, 2024, the gold market opened the week with minimal fluctuations, continuing to trade within a sideways price range. The market has been relatively quiet during the final days of the year. This week marks the transition from the old year to the new, and it is anticipated that the market will continue to move within a narrow range with low liquidity. Significant economic reports, such as the ADP Employment Change and Non-Farm Payrolls, are scheduled for next week. This week, attention should be directed towards the end of the week, with two key reports: Unemployment Claims and ISM Manufacturing PMI. Traders should monitor these releases closely. Regarding gold's price range today, as previously predicted, the main trend remains a selling bias. Prices may exhibit a sideways decline; therefore, consider selling at resistance levels. The intraday price range is expected to fluctuate between 10 to 13 dollars. Trading Strategy for Today BUY ZONE: 2602 - 2600 Stop Loss (SL): 2595 Take Profit (TP): 2610 - 2614 - 2620 SELL ZONE: 2648 - 2650 Stop Loss (SL): 2655 Take Profit (TP): 2640 - 2636 - 2630 Please actively monitor the plan and note important price levels for potential gold scalping on the chart. Ensure to set take profit (TP) and stop loss (SL) orders to safeguard your account. Trade cautiously during these final days of the year. Good luck!
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold trading strategy opening day after Christmas 12/26/24Gold Rises as Sydney Session Opens: ld increased from 2615 at the opening of the Sydney session and is now approaching the 2628 zone, which had been highlighted earlier as a resistance level for observation. This zone is expected to attract liquidity. Currently, there is some reaction at this level, but traders should carefully watch whether the price has enough momentum here. If this resistance does not hold for the sellers, focus on price movements toward the upper zones. (Be sure to monitor the chart for detailed updates.) Today, the Unemployment Claims report will be released. It is anticipated that this report might not be favorable for the USD. Looking at the overall results from previous years, the Unemployment Claims report often shows a high number of claims toward the year-end. This could create some pressure on the USD and potentially push gold toward higher key levels, where traders can plan for hold-and-sell opportunities. Given today’s price range and the Bank Holiday in EU countries, it’s expected that the Unemployment Claims report and the initial market opening could cause price fluctuations within a range of 15-20 pips. Trading Strategies: Sell Scalp: Entry: 2635 - 2637 Stop Loss (SL): 2641 Take Profit (TP): 2627 - 2625 Sell Zone: Entry: 2648 - 2650 SL: 2654 TP: 2640 - 2635 - 2627 - 2620 Buy Scalp: Entry: 2608 - 2605 SL: 2602 TP: 2615 - 2620 Buy Zone: Entry: 2602 - 2600 SL: 2595 TP: 2610 - 2615 - 2620 - 2628 Key Notes: - Pay close attention to the strategies and critical price zones for optimal trading results. - Important breakout and breakdown levels, as well as reaction zones, have already been marked on the chart for reference. Be proactive in executing your orders. *** GOOD LUCK!
OANDA:XAUUSD
by KevinNguyen-SimpleTrade
Gold trading strategy before Christmas 2024Global Gold Prices Drop Ahead of Christmas Holiday Gold prices edged lower during Monday's subdued holiday trading session, pressured by the strengthening US dollar and rising US Treasury yields, as investors awaited clearer signals on the Federal Reserve's monetary policy direction for 2025. At the close of trading on December 23, spot gold fell by 0.4% to $2,611.17 per ounce, while gold futures dropped by 0.6% to $2,628.20 per ounce. The US dollar index advanced by 0.4%, hovering around a two-year high, reducing gold's appeal for holders of other currencies. Meanwhile, the yield on the benchmark 10-year US Treasury note also climbed. Despite the Fed cutting interest rates by 0.25% last week, signals of a less aggressive rate reduction in 2025 pushed gold prices to their lowest levels since mid-November 2024 last week. While gold typically benefits from a low-interest-rate environment, investors are adjusting their expectations for the upcoming year. As noted above, following the release of disappointing US consumer confidence data at 10:00 PM yesterday, consumer sentiment remains gloomy. This sentiment could influence the Fed's policy direction, contributing to a modest dip in gold prices post-news. For today, the strategy is to focus on buying at key resistance levels of 20 - 27 - 33, observing price reactions in these zones to scalp for short-term sell opportunities. Conversely, if prices retrace below these levels and rebound, monitor zones (10-08) for potential buy entries. As today marks the beginning of the Christmas holiday, market movements are expected to be narrow and slow, with price ranges likely between 10-15 points. Careful placement of orders at optimal levels is advised. + SELL ZONE: 2632 - 2634 Stop Loss (SL): 2638 Take Profit (TP): 2620 - 2614 + BUY ZONE: 2603 - 2601 Stop Loss (SL): 2596 Take Profit (TP): 2610 - 2614
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold Trading Strategy for 25th November 2024Gold Trading Strategy: Buy Above 2,725 / Sell Below 2,694 Current Price: 2,716.335 USD Key Levels: Buy Signal: If the price closes above 2,725 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,694 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling. Support and Resistance Levels: Resistance: 2,750 and 2,766 Support: 2,684 and 2,662 Market Analysis: The current price is around 2,716.335 USD, indicating potential for both bullish and bearish activity based on the key levels. Pay close attention to the range between 2,694 to 2,725 for support and resistance levels. Recommendations: Buy: If the price sustains above 2,725 on the one-hour candle close, consider entering long positions. Book partial profits at 2,735 or use a trailing stop loss to protect your profit, with targets at 2,750 and 2,766. Sell: If the price breaks below 2,694 on the one-hour candle close, consider short positions. Book partial profits at 2,785 or use a trailing stop loss to protect your profit, with targets at 2,680 and 2,662. Disclaimer: This trading strategy is for educational purposes only and does not constitute financial advice. Trading in financial markets, including gold, carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions. Always conduct your own research and seek advice from a qualified financial advisor before investing. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
Gold Trading Strategy for 14th November 2024Gold Trading Strategy: Buy Above 2,586 / Sell Below 2,568 Current Price: 2,574.00 USD Key Levels: Buy Signal: If the price closes above 2,586 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 2,568 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 2,574.00 USD, just below the buy signal level. It's important to monitor the price closely, especially around the 2,570 to 2,590 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 2,586 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 2,600 and 2,615. Sell: If the price breaks below 2,568 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 2,550 and 2,535. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
GOLD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:10 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
1
#XAUUSD/H1 Adjustment rhythm creates momentum, surpassing peaks.Analysis of XAUUSD gold trading trends for the European-American session on September 10, 2024: As noted on September 9, 2024, gold prices have increased at the beginning of the week. However, the upward momentum does not appear strong; a deeper correction is needed to build momentum for a breakout. Current expectations may target the 246x or 247x area. Today's trading trend: SELL. Key price levels to watch: SELL zone: 2511 - 2513 and 2518 - 2522. BUY zone: 2498 - 2501 and 2482 - 2486. Recommended orders: Plan 1: SELL XAUUSD zone 2511 - 2513 SL 2516 TP 2508 - 2500 - 2490 - 2475. Plan 2: SELL XAUUSD zone 2519 - 2521 SL 2524 TP 2516 - 2510 - 2500 - 2475. Plan 3: BUY XAUUSD zone 2471 - 2473 SL 2468 TP 2476 - 2485 - 2495 - 2565 - open.
OANDA:XAUUSDShort
by oakpotshy
Will GOLD take Support & Return to Bullish Trend ?Symbol - XAUUSD Gold is entering the correction phase after a breakout failure scenario of ascending channel resistance and the previous ATH. The fundamental background is changed by Thursday's news that supported the dollar index. Overall, the structure & environment on is still bullish. If the price finds a strong support in the near future, for example 2390-2400, this area may get the status of an intermediate bottom, thus forming a new trading range. There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar (DXY), which is generally favorable for gold, which may soon return to the bullish trend phase. The price may continue the correction to trend support, but due to the pool of liquidity in the area where the price may land within the correction, gold may get a reaction in the form of a bounce to the nearest resistance, make a double bottom & may test channel resistance in future.
OANDA:XAUUSDLong
by akshit_official