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GOLD - BEARSIH STRUCTURE FORMING. WILL IT BREAK CHANNEL SUPPORT?Symbol - XAUUSD Gold has recently tested lower levels of rising channel and is now engaging with trend support, creating volatility in the market. The strengthening of the U.S. dollar is exerting downward pressure on the precious metal. Gold appears to be entering a corrective phase, with the market gradually shifting from a bullish to a bearish outlook due to increasing demand for the dollar, driven in part by concerns over potential trade wars arising from U.S. policies under former President Trump's administration. The issue of tariffs imposed by the U.S. remains unresolved. Meanwhile, traders are closely monitoring U.S. economic data, including durable goods orders and consumer confidence, as well as the Federal Reserve's upcoming meeting, with its outcome expected to be released on Wednesday. From a technical perspective, after the breakdown of the bullish market structure, the price is currently testing the support of the established channel. It is unlikely that this support level will be breached on the first attempt, and the price may experience a corrective move towards 2745 or potentially the imbalance zone, such as the 2750-2760 range, before resuming its downward trajectory due to selling pressure. Key resistance levels: 2745, 2751, 2760 Key support levels: 2735, 2718 If the price fails to breach the 2745 resistance level and retreats to 2735, this could signal a potential break of trend support. In that scenario, an impulsive move towards 2718 may materialize. However, if the 2745 resistance level is overcome, gold could test the 2750-2760 range before continuing its downward movement which is more likely.
OANDA:XAUUSDShort
by akshit_official
Gold has entered a range-trading💡 Fundamental Effect : - Gold has entered a range-trading phase as it factors in the potential impacts of the Federal Reserve meeting, possible interest rate cuts, and a correction in equity markets following news about Chinese AI model DeepSeek, according to Norman. - On Monday, a sell-off in technology stocks triggered by DeepSeek news led investors to liquidate bullion to offset losses. - With the Fed's first policy meeting of the year concluding today, investors are closely watching for signals about the direction of interest rates and insights from Chair Jerome Powell's speech. - Trump has urged for lower interest rates, which conflicts with the Federal Reserve’s independent authority to set interest rate policies. - Meanwhile, Trump remains committed to imposing tariffs on Canada and Mexico, following through on his earlier promises. - These policies are considered inflationary, which may compel the Federal Reserve to maintain higher interest rates to counter rising price pressures. 💡 Summary -Price is currently consolidating near $2757 with resistance at $2771-$2772. -A break above $2772 could lead to further upside momentum. -A break below the 200 EMA at $2756 might lead to a test of $2744.59, signaling bearish continuation. Main Analysis-
OANDA:XAUUSD
by silverwolftraders029
Gold holds steady as investors eye Fed decisionGold prices were little changed on Wednesday as market participants awaited the U.S. interest rate verdict, while the spotlight was also on President Donald Trump's trade policies amid fresh tariff threats. 💡Key Market Influences: Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian . FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold. 📊 Key Observations: 1. Support & Resistance Levels: o Immediate Resistance:  $2,771–2,772 (Marked OB Zone): This is a supply zone or order block (OB) identified on the 1-hour chart, acting as a critical resistance level.  All-Time High Zone: The price is approaching a significant resistance area near the $2,790 level, the all-time high. o Support Levels:  $2,737 Level (Marked POI Level): This is an important demand zone (Point of Interest or POI) where buying pressure previously occurred.  $2,710 Zone: Another significant support level where price saw a reversal, reinforced by the proximity of the 200 EMA. 2. Order Block on 1-Hour (OB on 1H):  The $2,771–2,772 area is identified as a bearish order block. If the price fails to break above this level, it could signal a rejection and potential downside movement. o Demand Zone Near $2,737:  A key bullish order block where price bounced upward after a CHoCH (Change of Character) confirmed bullish momentum. 3. Trend Analysis: o Bullish Channel Formation:  Price is trading in an ascending channel, indicating a bullish trend.  Price is currently in the middle of the channel, suggesting more room for upside if it can break the resistance zone. o Higher Lows Formation:  Clear signs of higher lows confirm the bullish structure on this timeframe. 4. Exponential Moving Average (EMA): 200 EMA:  Positioned around $2,737, providing dynamic support.  The price bounced off this level, indicating strong bullish sentiment as long as it stays above the EMA. 5. Change of Character (CHoCH): o Bullish CHoCH:  The breakout above the previous structure low near $2,737 signals a shift from bearish to bullish momentum. 6. Volume Insights: o Noticeable spikes in volume near the $2,737 support level, suggesting increased buyer activity in this area. Trading Insights: 1. Bullish Scenario: o A clear breakout above $2,771–2,772 OB could lead to a continuation toward the $2,790 all-time high. o Maintain long positions as long as price stays above the 200 EMA and the $2,737 support zone. 2. Bearish Scenario: o Rejection at $2,771–2,772 may lead to a retracement toward the $2,737 support level or the $2,710 zone. o Watch for a break below $2,737, which could invalidate the bullish trend. Key Levels to Watch: • Resistance: $2,771–2,772 and $2,790 • Support: $2,737 and $2,710 • Critical EMA Level: 200 EMA at $2,737 ⚠️ Next Steps: • Monitor price action closely around the $2,771–2,772 OB zone for signs of a breakout or rejection. • Use the ascending channel boundaries to plan entry and exit points. • Keep an eye on volume spikes for confirmation of trend strength. 👉 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:XAUUSD
by silverwolftraders029
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
Next Possible Gold (XAUUSD) Movement 28-JAN.Fundamental effect on gold : • Gold Price Movement: o Gold remained steady around $2,730 per ounce on Tuesday, following a recent decline. o Traders are anticipating the Federal Reserve’s two-day policy meeting starting later today. • Federal Reserve Expectations: o The Fed is expected to leave interest rates unchanged. o Market focus will be on Fed Chair Jerome Powell’s speech for guidance on future policy. o Attention also on the Fed's response to President Trump’s calls for interest rate cuts. • Impact of Inflation and Policy: o Trump’s inflationary policies could lead the Fed to maintain higher rates. o Higher rates may reduce gold’s appeal as an inflation hedge. • U.S. Dollar Influence: o A stronger U.S. dollar added additional pressure on gold prices. o Dollar strength was driven by market reactions to Trump’s latest tariff threats Key Observations 1. Chart Patterns: The Head and Shoulders pattern (third chart) signals a potential bearish reversal. The neckline has been broken, which could indicate further downside. The price has pulled back to retest the neckline area at 2748–2753, aligning with the Golden Fibonacci level (0.618). A confirmation is needed through candlestick patterns for the next move. 2. Fibonacci Retracement Levels (first chart): The retracement levels plotted suggest:  0.382 level at 2746.67  0.5 level at 2751.61  0.618 level at 2755.83  These are key areas to watch for price rejection or continuation. 3. Trendline and Channel (second chart): o The price has broken out of the ascending channel, confirming a bearish bias. o The POI (Point of Interest) level around 2730 aligns with key support. 4. Dynamic Support: o The 200-period Moving Average acts as dynamic support around 2733. Support Zones: 1. 2733–2735: o Near the 200-MA and aligns with previous consolidation. Likely to act as immediate support. 2. 2730–2720: o A strong support zone reinforced by Fibonacci extension levels and day support. 3. 2704–2700: o The next major support level if the bearish move continues. Watch for a potential reversal or price reaction here. Resistance Zones: 1. 2748–2753: Retest zone of the neckline and Fibonacci 0.618 level. Price may face selling pressure here. 2. 2755–2760: Fibonacci cluster and prior resistance zone. 3. 2770–2780: Top of the previous range and the upper boundary of the broken ascending channel. Actionable Insights: • Bullish Scenario: • If the price breaks above 2753 with strong candlestick confirmation, it may target 2760–2770. • Bearish Scenario: • A rejection at 2748–2753 or failure to hold 2730 could push the price toward 2700. • Neutral Strategy: • Wait for confirmation at the neckline retest zone (2748–2753) to determine direction. • Monitor candlestick formations, such as engulfing or pin bars, near support and resistance levels. Summary: • Support: 2733–2735, 2730–2720, 2704–2700 • Resistance: 2748–2753, 2755–2760, 2770–2780 • The bearish trend remains intact unless the price reclaims 2753 convincingly. For now, focus on the retest zone and confirm the trend direction before entering a trade. 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:XAUUSDShort
by silverwolftraders029
27/01/2025 Gold (xauusd) Analysis,Gold's Weekly Start: Price GapOANDA:XAUUSD Daily Plan for XAUUSD: Gold Opens the Week with a Price Gap Market Overview In Asian Session Price Gap Down Open 2671 -2764 (50 Pips) Technical Insights Current Price Range: Gold is fluctuating between $2,773 and $2,756, forming a temporary range of about 170 pips. This range is expected to hold during the Asian sessions unless disrupted by key market data later in the week. Key Levels to Watch: Resistance Zones: $2,786 - $2,784 (Major Resistance) $2,778 - $2,772 (Short-Term Resistance) Support Zones: $2,759 - $2,761 (Immediate Support) $2,750 - $2,745 - $2,735 (Stronger Support Zones) Order Block : OB on 4H time (2733.54-2716.92) Trendline: Seen in chart 1H Trend Line work As support Also wait for breakout then Retest and after entry with Confirmation (selling Till Next Support Level) Fib Level: (Uptrend seen in H4 Time) On 4H - Golden Zone = 2761-2755 - Discount Zone = 2755- 2741 Market Behavior: If price remains below $2,773, SELL momentum will likely dominate. A breakout above this level will invalidate short-term sell strategies, prompting the need to wait for higher entries. Sideways movement may persist due to lower liquidity during the Asian session. 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:XAUUSD
by silverwolftraders029
2
XAU#7: The bullish wave engulfs the trader's account 💎 💎 💎 Plan #6 above helps you make a profit. Leave a comment and tag your friends to share. 💎 💎 💎 So the bullish wave has reached the old peak as analyzed by #6. Let's see the next comments and trading strategies. 1️⃣ **Fundamental analysis:** 📊 Putin: Ready to discuss the Russia-Ukraine conflict and energy issues with Trump. If there is really a negotiation. Gold prices may be under pressure 🚀Trump hinted at easing tariff policies and called on the Federal Reserve to cut interest rates. This is the driving force that has pushed gold to hover near the record high reached in October last year 2️⃣ **Technical analysis:** 🔹 **W frame:** Last week ended with a strong bullish candle in the resistance area. This confirms that the market sentiment is extremely optimistic about establishing a new price peak. 🔹 **H4 frame:** The uptrend is still very strong with no signs of correction 🔹 **H1 frame:** The price structure is increasing in a stepwise manner. It will be difficult to see a correction. 3️⃣ **Trading plan:** ⛔ In previous articles, my top priority for you is to never go against the market trend at this time. Especially, you are not allowed to hold losses or place SELL orders against the trend. Many accounts have burned because of blocking the gold head when the trend is so strong ✅The uptrend will continue next week. The top priority is still to find a BUY entry point when the price reaches the support zone. 💪🚀 **Wish you successful trading!** 📌 For any questions, please contact directly. I am ready to answer for you for free #trading #trade #xauusd #newtrader #newbie #xau #forex #tradingview #plants #trader #tradingforex
OANDA:XAUUSD
by TonyL0ng
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
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
Gold Trading Strategy for 22nd January 2025Gold Trading Strategy Buy Strategy: Entry Point: Condition: Wait for the 15-minute candle to close above 2758. Trigger: Buy when the price moves above the high of the 15-minute candle that closed above 2758. Targets: First Target: 2769 Second Target: 2781 Third Target: 2793 Stop-Loss: Set a stop-loss order below the low of the 15-minute candle that closed above 2758 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2769, another portion at 2781, and the remaining position at 2793. Sell Strategy: Entry Point: Condition: Wait for the 15-minute candle to close below 2730. Trigger: Sell when the price moves below the low of the 15-minute candle that closed below 2730. Targets: First Target: 2721 Second Target: 2708 Third Target: 2696 Stop-Loss: Set a stop-loss order above the high of the 15-minute candle that closed below 2730 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2721, another portion at 2708, and the remaining position at 2696. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
OANDA:XAUUSD
by ramkkyy
GOLD strategy at the end of the week 17/01/25The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year. The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new administration. US government bond yields fell as investors expect the Fed may cut interest rates this year if economic data continues to weaken. The DXY index maintained a slight downward trend, closing at 108.97, pressured by the expectation that the Fed might reduce interest rates if the US economy weakens further. USD/JPY dropped to 155.2, its lowest level in nearly a month. As we have previously analyzed, our view on gold’s upward trend has been accurate, but we should not become complacent with the successes of the past few days. As mentioned earlier, geopolitical issues in conflict areas are being addressed, and agreements have been made to prevent further escalation. This could be a significant signal that gold may no longer have the same appeal for investors, and the slight decline in the DXY (USD) is merely a part of adjustments for upcoming financial plans under the new President Trump. Therefore, it is important to closely follow the trend and manage positions wisely, avoiding stubbornness in such times. Trading Strategy Important Resistance Zones: 2724 - 2732 - 2755 Important Support Zones: 2710 - 2702 - 2660 BUY ZONE: 2702 - 2700 SL: 2695 TP: 2706 - 2710 - 2714 - 2720 - 2724 - ???? BUY ZONE: 2694 - 2692 SL: 2688 TP: ???? SELL ZONE: 2723 - 2725 SL: 2728 TP: 2720 - 2717 - 2715 - 2711 SELL ZONE: 2745 - 2747 SL: 2750 TP: 2742 - 2738 - 2735 - 2732 Today is Friday, and with volatility often increasing towards the end of the week, traders should be cautious with the US session. For Asia and Europe, just follow your view, but always adhere to TP/SL to protect your account balance. Have a great Friday!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
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
Gold Trading Strategy for 16th January 2025Gold Trading Strategy Buy Strategy: Entry Point: Condition: Wait for the price to close above 2705 on a 1-hour candle. Trigger: Buy when the price moves above the high of the candle that closed above 2705. Targets: First Target: 2713 Second Target: 2720 Third Target: 2725 Stop-Loss: Set a stop-loss order below the low of the 1-hour candle that closed above 2705 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points below the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2713, another portion at 2720, and the remaining position at 2725. Sell Strategy: Entry Point: Condition: Wait for the price to close below 2680 on a 1-hour candle. Trigger: Sell when the price moves below the low of the candle that closed below 2680. Targets: First Target: 2674 Second Target: 2668 Third Target: 2658 Stop-Loss: Set a stop-loss order above the high of the 1-hour candle that closed below 2680 to limit potential losses. Trailing Stop-Loss: Use a trailing stop-loss to lock in profits as the price moves towards the targets. For example, set a trailing stop of 10 points above the current price. Profit Booking: As the price reaches each target, consider booking partial profits to secure gains. For instance, sell a portion of the position at 2674, another portion at 2668, and the remaining position at 2658. Risk Management: Position Sizing: Use proper position sizing to ensure you do not risk more than 1-2% of your trading capital on a single trade. This helps to manage risk and protect your capital. Diversification: Avoid putting all your capital into a single trade or asset. Diversify your trades across different assets to minimize risk. Discipline: Stick to the trading plan and do not deviate from the strategy. Avoid making impulsive decisions based on emotions. Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
THINKMARKETS:XAUUSD
by ramkkyy
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
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
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 for 13th January 2025Gold Trading Strategy Buy Strategy: Entry Point: Buy above the high of the 15-minute candle that closes above 2700. Targets: 2708, 2715, 2723 Sell Strategy: Entry Point: Sell below the low of the 1-hour candle that closes below 2677. Targets: 2664, 2655, 2643 Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy