Get started

Xauusdupdates

Gold Trading Levels for 09th December 2024Gold Trading Levels and Analysis Gold has been consolidating for the past week, indicating a potential breakout is imminent. Here are the key levels and details: Buy Setup Entry: Buy above 2,643 if the price breaks and closes above this level, signaling an upward breakout. Targets: 2,700-2,710 Stop Loss: Below the low of the breakout candle for risk management. Sell Setup Entry: Sell below 2,624 if the price breaks and closes below this level, signaling a downward breakout. Targets: 2,560-2,550 Stop Loss: Above the high of the breakdown candle. Market Context Gold has been trading in a tight range, creating pressure for a potential breakout in either direction. This week’s market movement could determine the direction, so watch for the key levels closely. Disclaimer The above analysis is provided for educational purposes only and is not intended as financial or investment advice. Trading in commodities carries risk, and past performance is not indicative of future results. Please perform your own research or consult a certified financial advisor before making any trading decisions. Always trade responsibly and use proper risk management techniques.
OANDA:XAUUSD
by ramkkyy
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
Gold Trend Forecast This Week (December 9 - December 13)Gold trend is unlikely to decline sharply, although the US Non Farm News was very good, Gold still bounced 264x, when it fell to the price range of 2626 - 2627. This week, there was quite a lot of news supporting Gold's increase such as: US CPI news may decrease slightly compared to expectations, creating conditions for the FED to continue to reduce interest rates. Central banks such as Canada, Switzerland and Europe ECB continue to cut interest rates next week. Although the gold market is currently quiet, this could be an accumulation period before a potential price increase. Investors need to closely monitor developments and prepare for future opportunities. The Central Bank of China announced that it had bought gold again and the war situation in Syria at the end of the week caused gold to have a gap of 15 prices this morning. Gold Price Forecast Christopher Vecchio, an expert at Tastylive, said he is neutral on the gold market. He believes that gold prices need to break through the resistance level of $2,725/ounce to create new growth momentum. Kitco forecasts that gold prices may fluctuate in the range of $2,600-2,800/ounce by the end of 2024. Factors such as the Fed's monetary policy and geopolitical tensions will affect gold prices in the coming time Good Buy Plan : Buy 2620 - 2618 SL: 2615 TP: 2635 -2642 -2655 - 2699 or even Buy 2610-2608 SL: 2604 TP: 2618 - 2642- 2699 Gold will decline to 2567.89 if it breaks 2600 (This case is quite low) Sell Plan: Sell: 2663 SL: 2668 TP: 2656 - 2652 Sell: 2688 - 2690 SL: 2673 TP: 2674 - 2666 - 2654
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold Trend Forecast for New Day (December 5) – Rebounds to 2666 🔽Gold prices rose on Wednesday (December 4), after data showed the number of jobs created by the US private sector increased at a moderate pace last month, ahead of a speech by the US Federal Reserve Chairman Jerome Powell later in the day and the official jobs report on December 6. 🔽The ADP report showed that the US private sector created 146,000 jobs last month, slightly lower than the forecast of 150,000 jobs increase from economists participating in a Reuters poll. 🔽Gold is seeing a weak reaction today, with a stronger-than-expected impact from the upcoming official US jobs report and if the data shows a weakening number of jobs, that will support gold prices. 🔽Gold seems to be finding strong resistance at 2630 Note: Currently Gold is completely following fundamental news Especially US economic news! Bad News Gold Rises! Good News Gold is down 🔽Currently, Gold has broken 2655 and has a Closed closing level around 2650 and is the second consecutive day that Gold has closed higher than the previous day, so today Kevin will prioritize following Buy Gold 🥰Trading plan: 🔼 Buy Gold: 2636x – 2634x SL: 2630 Tp: 2644 - 2653 – 2688 – 2720 🔽 Sell Gold: 2663x – 2665x SL: 2668 TP: 2678- 2665 🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order. 🫶Wishing everyone a happy and joyful Thursday 🫶
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold Trading Strategy for 5th December 2024Gold has been consolidating within a narrow range of 2605 to 2670 over the past five days. This suggests that the market is in a period of indecision, with neither buyers nor sellers able to push the price decisively in one direction. Typically, such consolidation periods are followed by significant moves once the price breaks out of the established range. Trading Strategy: Buy Strategy: Entry Point: Initiate a long position (buy) when the price closes above 2670 on a 15-minute candle. This indicates a potential breakout to the upside. Stop Loss: Set a stop loss slightly below the breakout point to manage risk. For instance, a stop loss could be placed at 2655, just below the recent consolidation range. Target: Identify target levels based on historical resistance levels or use a risk-reward ratio of at least 2:1. For example, if the stop loss is 15 points away (2655), then the target could be 30 points above the entry (2700). Sell Strategy: Entry Point: Initiate a short position (sell) when the price closes below 2630 on a 15-minute candle. This indicates a potential breakdown to the downside. Stop Loss: Set a stop loss slightly above the breakdown point. For example, a stop loss could be placed at 2645. Target: Similar to the buy strategy, set target levels based on historical support levels or use a risk-reward ratio of at least 2:1. If the stop loss is 15 points away (2645), then the target could be 30 points below the entry (2600). Risk Management: Always use stop losses to protect your capital. Never risk more than a small percentage of your trading capital on a single trade. Consider the overall market context and any upcoming economic events that could impact gold prices. Market Context: Keep an eye on factors influencing gold prices such as interest rates, inflation data, and geopolitical events. These can cause significant volatility and may impact your trading strategy. Disclaimer: Trading in financial markets involves substantial risk of loss and is not suitable for every investor. The strategies and opinions expressed are those of the author. Users should perform their own research and consult with a financial advisor before making trading decisions. Past performance is not indicative of future results. Trade wisely and stay informed! 📈💡
OANDA:XAUUSD
by ramkkyy
Gold Trading Strategy for 03rd December 2024.Buy: When the price of gold is above 2652 on the close of a one-hour candle. Sell: When the price of gold is below 2624 on the close of a one-hour candle. Current Price: 2639 Support Levels: 2634 | 2624 | 2618 Resistance Levels: 2643 | 2661 Disclaimer: This strategy is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should do your own research or consult with a financial advisor before making any investment decisions.
OANDA:XAUUSD
by ramkkyy
Gold Trading Strategy for 02nd December 2024Gold Trading Strategy Buying Strategy: Buy Trigger: Initiate a buy order if the price closes above the high of the candlestick at 2661. This suggests a potential upward momentum. Support Levels: 2632: A minor support level where the price might find temporary support. 2617: A stronger support level, indicating a possible reversal or consolidation zone. 2574: A major support level, suggesting a significant buying interest at this price. Selling Strategy: Sell Trigger: Initiate a sell order if the price closes below the low of the candlestick at 2646. This suggests a potential downward momentum. Resistance Levels: 2682: A minor resistance level where the price might face temporary resistance. 2705: A stronger resistance level, indicating a possible reversal or consolidation zone. 2725: A major resistance level, suggesting significant selling interest at this price. Disclaimer: This analysis is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should perform your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
Gold Trading Strategy for 29th November 2024Gold Trading Strategy Based on your updated strategy: Buy above 2650 Sell below 2620 Current price: 2637.600 Factors to Consider Market Trends: Monitor recent market trends, including global economic conditions, geopolitical events, and market sentiment. Economic Indicators: Key indicators such as inflation rates, interest rates, and the strength of major currencies (especially the US dollar) can significantly impact gold prices. Supply and Demand: Fluctuations in gold's supply (e.g., mining output) and demand (e.g., jewelry, industrial use, and investment) influence prices. Central Bank Reserves: Central banks buying or selling gold can affect market dynamics. More purchases typically push prices higher. Technical Analysis: Utilize chart patterns, support and resistance levels, and technical indicators like moving averages to identify potential trading opportunities. Example Analysis Given the current price of 2637.600: Buying above 2650: If the price exceeds 2650, it may suggest bullish momentum, potentially driven by factors such as economic uncertainty or increased investment demand. Selling below 2620: A decline below 2620 might indicate bearish sentiment, possibly due to stronger economic data or rising interest rates. Disclaimer Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
OANDA:XAUUSD
by ramkkyy
Gold Trading strategy for 28th November 2024Trade Strategy for Gold Current Price 2636.700 USD Buy: Enter a long position when the price moves above 2659 on a one-hour candle close. Sell: Enter a short position when the price drops below 2626 on a one-hour candle close. Support and Resistance Levels Support Levels: 2600: This is the first line of defense where the price might find support and potentially reverse upwards. 2550: If the price falls below 2600, 2550 acts as the next significant support level. 2500: This is a major psychological level that could provide strong support. Resistance Levels: 2700: The initial barrier where the price might encounter resistance and potentially reverse downwards. 2750: If the price breaks above 2700, 2750 becomes the next key resistance level. 2800: This is a significant resistance level that could pose a challenge for further upward movement. Disclaimer Trading involves significant risk and it's important to do your own thorough research or consult with a professional financial advisor before making any investment decisions. The information provided here is for educational purposes only and should not be considered as financial advice. Always consider your risk tolerance and investment goals before engaging in trading activities.
OANDA:XAUUSD
by ramkkyy
GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:8 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
7
Looking for trade setup on Gold. Have a look at this. XAU/USD.XAU/USD on daily timeframe has switched from bullish to bearish but it’s still Bullish on weekly. We will take about weekly later but daily chart itself is speaking a lot of things. We marked the market structure and it can be seen that there are multiple Orderblocks and Fvg that are pending and has to be mitigated before getting into Bullish bias. For buy our plan would be to wait for any continuation trend on smaller time frame usually in 1Hr or 15min. For sell setup we would wait for a market structure shift on 1HR or 15min time frame. We are neutral for now & we need more validations. We have weekend coming. Forex & Commodity market doesn’t really have the volatile Mondays. For a really nice setup we would have to be patience and need to follow our plan of action. Follow us any stay updated with more setups tuning in. Appreciate you’ll time. Note this is for educational purposes only.
OANDA:XAUUSD
by Trade_lyst
Gold Trading Strategy 22nd November 2024Gold Trading Strategy Current Price: 2669.140 Buy Above 2674 Action: Wait for a one-hour candle to close above 2674. Target 1: 2685 Target 2: 2698 Stop Loss: 2660 Rationale: This level acts as a breakout point, suggesting bullish momentum if surpassed. Sell Below 2647 Action: Wait for a one-hour candle to close below 2647. Target 1: 2635 Target 2: 2622 Stop Loss: 2660 Rationale: A close below this level indicates bearish sentiment and potential further downside. Key Levels Summary: Resistance Levels: 2674 (Immediate resistance and breakout level) 2685 (First target) 2698 (Extended target if momentum persists) Support Levels: 2647 (Immediate support and breakdown level) 2635 (First target) 2622 (Extended target on bearish continuation) Disclaimer This strategy is based on technical analysis and is provided for informational purposes only. It is not financial advice. The price of gold can be influenced by multiple factors, including economic news and geopolitical events, which may affect the levels and trading outcomes. Always manage your risk appropriately and consult a financial advisor if unsure.
OANDA:XAUUSD
by ramkkyy
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARDGOLD SHOWING A GOOD UP 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:XAUUSDLong
by tradergyan01
#XAU Waiting for the adjustment rhythm, the deep drop of Gold.Market analysis for Gold (XAUUSD) on November 20, 2024: Yesterday, the gold price continued to recover after the previous adjustment. However, when it reached the resistance zone of 2640, the price reacted by nearly 20 points, indicating that sellers have emerged in this area. Today's trading trend: SELL. Key price levels to watch: 🔴SELL zone: 2648 - 2653, 2662 - 2667. 🔴BUY zone: 2623 - 2627, 2611 - 2616, and 2598 - 2603. Recommended orders: Plan 1: SELL XAUUSD zone 2651 - 2653 SL 2656 TP 2648 - 2640 - 2620 - 2600 - open. Plan 2: SELL XAUUSD zone 2661-2663 SL 2667 TP 2658 - 2650 - 2640 - 2600 - open. Plan 3: BUY XAUUSD zone 2601 - 2603 SL 2598 TP 2606 - 2615 - 2620 - 2630.
TVC:GOLD
by ifjugapt
Gold Trading Strategy for 20th November 2024Gold Trading Signal Current Price: ₹2632.20 Trading Levels: Buy Above: ₹2640 Trigger a long position when the price closes above ₹2640 on a 1-hour candle. Resistance Levels: ₹2665 (Initial Resistance) ₹2693 (Next Resistance) Sell Below: ₹2620 Trigger a short position when the price closes below ₹2620 on a 1-hour candle. Support Levels: ₹2598 (Initial Support) ₹2585 (Next Support) Key Notes: Monitor price action carefully around the buy and sell levels. Ensure proper risk management by setting stop-loss orders slightly above or below resistance and support levels, respectively. Consider additional confirmations such as volume or RSI divergences before entering trades. Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice or a recommendation to trade. Trading in the financial markets involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a qualified financial advisor before making trading decisions.
OANDA:XAUUSD
by ramkkyy
#XAUUSD/H4 Gold: Will it continue to recover or adjust?Market outlook for the European-American trading session on November 19, 2024: Yesterday's trading session witnessed a strong recovery in gold prices. However, the possibility of gold continuing to rise in the long term remains uncertain. The likelihood of gold still being in a short-term correction trend is very high. Today's trading trend: SELL. Key price levels to pay attention to: 🔴SELL zone: 2625-2630, 2640-2645, and 2660-2665. 🔴BUY zone: 2598-2603, 2578-2583, and 2553-2558. Recommended orders: Plan 1: SELL XAUUSD zone 2641 - 2643 SL 2646 TP 2638 - 2630 - 2620 - 2600. Plan 2: SELL XAUUSD zone 2665 - 2667 SL 2670 TP 2662 - 2650 - 2630 - 2600. Plan 3: BUY XAUUSD zone 2597 - 2599 SL 2594 TP 2602 - 2610 - 2620 - 2640.
TVC:GOLD
by ifjugapt
Gold Trading Strategy for 18th November 2024GOLD TRADING STRATEGY Buy Above: $2575 If the gold price closes above $2575 on a one-hour timeframe, it may indicate a bullish trend. Consider buying at this level with appropriate risk management strategies. Sell Below: $2554 If the gold price closes below $2554 on a one-hour timeframe, it may signal a bearish trend. Consider selling at this level with appropriate risk controls. Current Price: $2563.220 This strategy is based on key technical levels and requires confirmation of a one-hour closing price above or below the thresholds. Traders are advised to use stop-loss orders and position-sizing techniques to mitigate risks. Disclaimer: This content is for educational and informational purposes only and should not be construed as financial or investment advice. Trading in commodities, including gold, involves substantial risk of loss and is not suitable for all investors. Market conditions can be volatile and unpredictable, influenced by various factors such as economic data, geopolitical events, and global market sentiment. The price levels mentioned are illustrative and subject to change based on market dynamics. Before making any trading decisions, you should perform thorough research or consult with a licensed financial advisor. You are solely responsible for any trading or investment decisions you make, and neither the author nor the publisher of this information shall be held liable for any losses incurred. Always trade with capital you can afford to lose and ensure your trading practices align with your risk tolerance and financial objectives. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
After the adjustment is completed, the recovery process begins.Market analysis for XAUUSD trading on November 18, 2024: Last week's trading session saw a significant correction in gold prices. However, by the end of last week, selling pressure weakened and buying interest re-emerged. It is highly likely that gold prices will begin to recover this week. Today's trading trend: BUY. Key price levels to watch: BUY zone: 2535 - 3540, 2551 - 2556, and 2525 - 2530. SELL zone: 2595 - 2600 and 2615 - 2620. Recommended orders: Plan 1: BUY XAUUSD zone 2556 - 2558 SL 2653 TP 2561 - 2670 - 2580 - 2600. Plan 2: BUY XAUUSD zone 2539 - 2541 SL 2536 TP 2544 - 2550 - 2560 - 2580 - 2600. Plan 3: SELL XAUUSD zone 2595 - 2597 SL 2600 TP 2592 - 2580 - 2570 - 2560.
TVC:GOLD
by ifjugapt
#XAUUSD/H4 Gold is bottoming out or continuing to adjust?Market outlook for the European-American trading session on November 15, 2024: The price correction of gold has been weakening, possibly forming a bottom. However, it is advisable to be patient and wait for lower price levels to find a good entry point. Today's trading trend: BUY. Key price levels to pay attention to: 🔴BUY zone: 2550 - 2555, 2535 - 2540, and 2515 - 2520. 🔴SELL zone: 2572 - 2577, 2585 - 2590, and 2609 - 2614. Recommended orders: Plan 1: BUY XAUUSD zone 2551 - 2553 SL 2548 TP 2556 - 2565 - 2575 - 2590. Plan 2: BUY XAUUSD zone 2538 - 2540 SL 2535 TP 2543 - 2550 - 2570 - 2590. Plan 3: SELL XAUUSD zone 2588 - 2590 SL 2593 TP 2585 - 2575 - 2565 - 2560.
TVC:GOLD
by ifjugapt
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 D UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:5 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
Gold Trading Strategy for 13th November 2024Gold Trading Strategy: Buy Above 2,605 / Sell Below 2,589 Current Price: 2,599.00 USD Key Levels: Buy Signal: If the price closes above 2,605 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,589 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,599.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 2,590 to 2,605 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 2,605 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,625 and 2,640. Sell: If the price breaks below 2,589 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,575 and 2,560. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy