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Weekly Buy Projection for XAUUSD (Gold) as of March 9, 2025This chart presents a **weekly buy projection** for **XAUUSD (Gold) as of March 9, 2025**. Here are some key takeaways: ### **Key Zones & Levels:** - **Entry Zone:** Around **2,892.189 - 2,892.277** (aligned with a major trendline and support). - **Support Levels:** - **S1:** Weekly low acting as support. - **S2:** Stronger support at **2,859.812** (also the stop-loss level). - **Resistance Levels:** - **R1:** Weekly high acting as resistance. - **R2:** **2,956.190** (all-time high resistance). - **Target Prices:** - **Target 1:** **2,929.162** - **Target 2:** **2,956.190** (major resistance zone). ### **Trend Analysis:** - The chart highlights a **V-pattern formation**, confirming a **buy signal**. - The **4H uptrend line was breached**, but the **daily timeframe trendline remains intact**. - **Sideways movement** expected before continuation upwards. - **Braked resistance retest** suggests a bullish continuation if price holds above support. ### **Trade Plan:** - **Buy Entry:** Around **2,892.189 - 2,892.277** (as long as it respects the trendline and support). - **Stop Loss:** Below **2,859.812** to manage risk. - **Take Profit:** - **Target 1:** 2,929.162 (first resistance) - **Target 2:** 2,956.190 (major resistance & ATH)
OANDA:XAUUSDLong
by kripsonfx97
XAU/USD (Gold vs. US Dollar) on the 1-hour timeframeKey Observations: Bullish Engulfing Pattern – A strong reversal signal suggesting upward momentum. Ascending Trendline + Support Level – Price respects the trendline, reinforcing bullish bias. Entry Confirmation – The breakout above consolidation inside the triangle. Target Prices: Target Price 1: First resistance level. Target Price 2: Day’s high at $2,928.78. Stop Loss: Set below the trendline and support at $2,901.60.
FOREXCOM:XAUUSDLong
by kripsonfx97
GOLD - BROKEN OUT 2881 RESISTANCE, BULLS ARE IN CONTROLSymbol - XAUUSD Gold has surpassed the downtrend resistance and is consolidating above the critical resistance level of 2881. A pre-breakdown consolidation is forming near 2894, signaling the potential for upward movement amidst a dollar correction. Trump has confirmed the imposition of new tariffs on Canada, Mexico, and China, which has led to retaliatory actions and heightened concerns regarding the risk of a U.S. recession. The decline in PMI and the Atlanta Fed's GDP forecast contributed to a sell-off on Wall Street, which, in turn, increased demand for gold as a safe-haven asset. Geopolitical tensions remain high as Trump announced the suspension of military aid to Ukraine, leading to dissatisfaction within Europe. Market participants are closely monitoring the upcoming U.S. employment data, which will likely influence Federal Reserve policy and the dollar exchange rate. The price has breached the 2881 resistance level, which had previously acted as a dividing line in the market. A pre-breakdown consolidation is currently forming around the 2895 level. A break above this resistance, coupled with price consolidation above 2895, may further reinforce the upward trend. Resistance levels: 2895, 2921, 2929 Support levels: 2885, 2876, 2859 The primary objective for bulls is to maintain support above the 2885 - 2895 range. Given the increasing economic risks and the weakening dollar, gold is well-positioned for continued growth following the shift in the local trend. In this scenario, potential targets are 2915, 2921, and 2929
OANDA:XAUUSDLong
by akshit_official
GOLD - DOWNTREND PERSISTS, PRICE UNDER BEARISH PRESSURESymbol - XAUUSD CMP - 2870 Gold has been on an upward trajectory since Friday, a typical response following the false breakdown of support at 2834. The price remains within a selling zone and is expected to approach resistance levels before potentially experiencing a pullback to the downside. The US dollar has gained significantly over the past week and appears to be positioned for further strength. However, its trajectory remains contingent upon the ongoing tariff dispute, economic risks, and regulatory policies within the United States. Market reactions are also being influenced by efforts to address the conflict in Eastern Europe. Key developments to watch include upcoming statements from the Federal Reserve and the release of US economic data. On the 4-hour chart, Gold is trading within a narrow range between 2881 and 2834. Should the price fall below 2881, gold will remain under bearish/selling pressure. However, the liquidity in the 2878 - 2881 region suggests that gold may test this area of interest before resuming its downward movement. Key resistance levels: 2869, 2877, 2881 Key support levels: 2859, 2834 Currently, consolidation is taking place below the 2869 level (0.5 Fibonacci retracement) following a false breakdown. If bearish momentum prevails and price remains below this level, a decline may occur sooner. Another potential trigger is the 2859 support level - If this level is breached, a sell-off and liquidation could ensue, potentially driving prices down to 2834 On the other hand, buying can be considered if gold overcomes the 2878 - 2881 zone and is able to consolidate above this area. In this case, the price will confirm the break of the trend and strong resistance. At the moment, while gold is inside this range, we can consider an intra-range trading strategy.
OANDA:XAUUSDShort
by akshit_official
XAUUSD WEEKLY SELL PROJECTION 03.03.25Bearish Signals: Bearish Engulfing at the Top: This pattern often signals a potential reversal. Evening Star Formation: A strong bearish reversal pattern. Bearish Spinning Top: Indicates indecision but leans toward bearish sentiment. Support & Resistance Levels: Immediate Resistance: Around 2,885 - 2,904. Immediate Support: Around 2,857. Target Price 1: Approximately 2,840. Target Price 2: Around 2,784 - 2,783 (Major Support). Trend Analysis: Broken Uptrend Line: A possible retest of the broken trendline before further downside. Rising Wedge Pattern: This is typically a bearish continuation pattern, confirming downside potential. Trade Setup: Possible Short Position: Entry near 2,885 - 2,900, stop loss at 2,922. Target Levels: First at 2,840, second at 2,784.
OANDA:XAUUSDShort
by kripsonfx97
GOLD FACES KEY RESISTANCE AFTER LAST WEEK'S STRONG DROP🔥 After reaching ATH early last week, Gold saw a significant correction, dropping to 283x before bouncing back from the strong support zone at 2833 - 2835. By the end of the week, Gold retested this level, surging 20 points and closing the weekly and monthly candle at 2857 – a solid position for the BUY side. 🟢 TODAY’S SESSION – GAP OPEN & CURRENT VIEW At the Sydney & Tokyo open, Gold continued to benefit from last week’s BUY momentum, creating a 15-point GAP and reaching 2870. So far in the Asian session, it has peaked at 2877. 👉 CURRENT VIEW: Gold is likely to drop back to fill the GAP (low liquidity) around 2854 - 2850 before continuing its upward movement. The price is currently reacting in line with this expectation. ⚡️ KEY LEVELS TO WATCH TODAY 📌 Resistance: 2884 - 2895 - 2900 - 2905 📌 Support: 2856 - 2850 - 2845 - 2835 💎 TRADE SETUPS FOR TODAY 🔹 BUY ZONE: 2835 - 2833 🎯 TP: 2840 - 2844 - 2848 - 2854 - 2860 ⛔️ SL: 2830 🔹 SELL ZONE: 2904 - 2906 🎯 TP: 2900 - 2896 - 2892 - 2886 - 2880 ⛔️ SL: 2910 📢 IMPORTANT NOTES 📆 Today marks the start of a new week and month, so it's crucial to closely monitor price reactions. Key economic reports like ADP and NFP are scheduled this week, so risk management is essential. Stick to TP/SL levels to protect your account!
OANDA:XAUUSDShort
by MMFlowTrading
2
GOLD - FALSE BREAKDOWN & PULLBACK BEFORE FURTHER FALLSymbol - XAUUSD Gold is currently revisiting recent lows within the context of a shifting local trend. The price is testing the 2852 liquidity zone, with the potential for a rebound before continuing its downward movement. On Friday, gold traded near its two-week lows, falling below the 2900 mark in Asian markets, ending an eight-week streak of gains. The precious metal is facing downward pressure due to a strengthening U.S. dollar, fueled by President Trump’s renewed tariff threats and developments in the U.S. economy. Trump has confirmed a 25% tariff on goods from Mexico and Canada, effective March 4, along with an additional 10% tariff on Chinese imports. Meanwhile, weaker-than-expected U.S. GDP data 2.3% for Q4 and rising jobless claims further bolster the U.S. dollar. Market participants are awaiting the release of the PCE core price index to assess the Federal Reserve’s potential monetary policy actions and their implications for gold prices. Resistance levels: 2869, 2877, 2885 Support levels: 2852, 2834 A false break at the 2852 support level could lead to a short-term rebound towards the imbalance zone 2869-2877 or the liquidity zone 2885 before a continuation of the downward trend. Both the fundamental and technical outlook remain weak, suggesting that gold may attempt to test and potentially break through the recent lows.
OANDA:XAUUSDShort
by akshit_official
GOLD - BULLISH STRUCTURE SHAKING - WHAT'S NEXT?Symbol - XAUUSD CMP - 2910 Gold has transitioned from a locally bullish trend to a neutral, sideways market. Despite this shift, bullish forces continue to defend key support levels. What can we anticipate for the precious metal in the near term? Investor sentiment has gravitated back toward safe-haven assets amid concerns surrounding President Trump's tariff policies and disappointing U.S. economic data. On Tuesday, gold experienced a pullback from its record high of $2,956 due to profit-taking and a decline in Chinese imports. However, a weaker-than-expected U.S. consumer confidence index facilitated a recovery in gold prices. The upward movement in gold is currently constrained by a strengthening U.S. dollar and rising bond yields, but ongoing trade war concerns continue to fuel demand for the metal. Key resistance levels: 2921, 2929, 2942 Key support levels: 2905, 2888 As a result, gold is likely to remain within a sideways trading range. There is potential for a short-term decline to retest support in the 2905-2888 range before resuming upward movement. Alternatively, a breakout above resistance levels could signal further gains. If the bulls manage to sustain trading above the 2921-2929 zone, the metal could resume its upward trajectory.
OANDA:XAUUSDLong
by akshit_official
GOLD - BREAKDOWN OF RISK ZONE 2880 MAY TRIGGER TREND CHANGESymbol - XAUUSD Gold is deviating from its recent trend and is now testing the panic and risk zone at 2880 as part of a corrective phase. A retest of this level would increase the likelihood of a potential trend reversal. The recent loss in gold's upward momentum can be attributed to the uncertainty surrounding President Trump's tariff plans and ongoing economic challenges in the United States. Conflicting statements from the president are providing support for the dollar, while rising bond yields are exerting downward pressure on gold prices. Market participants are closely monitoring the upcoming US GDP data. Should the results fall short of the forecasted 2.3% there is potential for gold to appreciate. Additionally, speeches from Federal Reserve officials will be crucial, but the key factor remains President Trump's remarks, which could significantly influence market sentiment. From a technical standpoint, the market structure is currently bearish, suggesting that a continuation of the decline is likely after a brief corrective phase. Support levels: 2878, 2888 Resistance levels: 2890, 2907 A false breakdown of the aforementioned support levels, following a significant decline, could lead to a correction. Initially, the price may move toward the 0.5 Fibonacci retracement level, and after a brief pullback, the 0.7 Fibonacci level could be tested. However, market participants should closely observe the price action at these levels. If gold continues its downward movement, attention will be focused on the 2880 level. Conversely, if the price struggles to move lower and begins testing resistance, there is a possibility that, amidst heightened risks, the market could shift back into a growth phase.
OANDA:XAUUSDShort
by akshit_official
what Next in Gold ✅ Bearish Structure: Price is in a clear downtrend, forming lower highs and lower lows on both 15-minute and 1-hour charts. A descending trendline is acting as resistance. ✅ Order Block (OB) Rejection: The price recently tapped into an order block near $2,882.439 and got rejected, confirming seller dominance. This suggests that any retracement to this area could provide a potential short opportunity. ✅ Key Support & Resistance Levels: Resistance: $2,904.610 (Major Resistance) – A strong level where price previously reversed. $2,882.439 (Order Block Resistance) – Key level where sellers stepped in. Support: $2,864.908 – Immediate support; a breakdown could lead to further decline. $2,851.502 – Next key support level. $2,833.971 – Major support zone where buyers may step in. ✅ Potential Trade Setups: 📉 Bearish Scenario: If price rejects from the order block ($2,882 area) or the trendline, a short position could be considered targeting $2,864 - $2,851. A break below $2,864 could accelerate selling pressure toward $2,833. 📈 Bullish Scenario: A break and close above $2,882 could invalidate the bearish setup and push price towards $2,904, where major resistance lies. 📉 Bearish Setup (Short Trade) 🔹 Entry: $2,880 - $2,882 (Order Block & Trendline Resistance) 🔹 Stop-Loss (SL): $2,887 (Above the order block to avoid stop hunts) 🔹 Take-Profit (TP) Targets: TP1: $2,864 (First support level) TP2: $2,851 (Next key support) TP3: $2,834 (Major support zone) 🔹 Risk-Reward Ratio (RRR): At least 1:3+ (Good setup if price rejects the OB) ✅ Confirmation: Look for a rejection candle (like a bearish engulfing or pin bar) before entering. If price closes above $2,887, exit short trades as it may flip bullish. 📈 Bullish Setup (Long Trade - If Structure Breaks) 🔹 Entry: Break & Retest of $2,882 (If price holds above this level) 🔹 Stop-Loss (SL): $2,875 (Below breakout zone to manage risk) 🔹 Take-Profit (TP) Targets: TP1: $2,895 TP2: $2,904 (Major resistance) 🔹 Risk-Reward Ratio (RRR): 1:2 or higher ✅ Confirmation: Wait for price to close above $2,882 on the 15M or 1H timeframe before entering. If price gets rejected at $2,882, avoid longs and favor shorts. Final Thoughts: 🚨 Gold remains bearish unless it breaks above $2,882 - $2,904. 📉 Sellers are in control below the order block, and a rejection from this zone may continue the downward move. 📊 Traders should watch price action at key support levels ($2,864 & $2,851) for possible reactions. 👉 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:XAUUSDShort
by silverwolftraders029
1
GOLD - RETEST OF TREND SUPPORT BEFORE DATA & NEWS FLOWSymbol - XAUUSD Gold is currently exhibiting a false breakdown of the lower boundary of its consolidation range and the support for its uptrend within the ongoing correction. Traders are awaiting the release of the S&P Global PMI indices in the United States. The price of gold has retreated from its record high of $2955, yet it still maintains the potential for further upward momentum. The recent decline can be attributed to profit-taking as market participants prepare for the upcoming release of the S&P Global PMI indices in the U.S. The PMI data may influence market expectations regarding potential interest rate cuts by the Federal Reserve. However, any potential price decline driven by strong PMI results could be short-lived, particularly if President Trump's new tariff proposals reignite demand for safe-haven assets. Although gold may continue to experience correction, any downward movement is likely to be perceived as a near-term buying opportunity. Key resistance levels: 2933, 2939, 2946, 2955 Key support levels: 2924, trend support A false breakdown of the uptrend support is in progress. If the bulls manage to defend the key support area, gold may continue its ascent in the short to medium term. However, the short-term outlook is contingent on upcoming news.
OANDA:XAUUSDLong
by akshit_official
GOLD ON THE EDGE- WILL SUPPORT HOLD OR WILL THE BEARS TAKE OVER?Symbol - XAUUSD CMP - 2912 Gold is currently testing a key level, bouncing off previously tested trend support, which opens up a potential for upside movement. As global economic risks remain high, gold continues to be in demand as a safe haven. This demand is especially pronounced amid ongoing geopolitical tensions, including the upcoming US-Russia talks in Saudi Arabia, where a potential resolution of the Ukraine conflict could alter market sentiment. These talks could significantly impact the outlook for risk assets and the demand for safe-haven investments like gold. Market participants are also cautious as the US Federal Reserve remains vigilant over inflation. Despite gold’s recent rally, weak risk appetite is boosting the dollar, and the hawkish tone from Fed officials continues to fuel concerns over inflation. They have voiced their preference for caution in cutting rates, especially with inflation still above target levels. This has led to expectations of a single rate cut this year, which in turn is influencing bond yields and investor sentiment. In terms of technical analysis, gold is trading within a critical risk zone. Resistance Levels: 2915, 2928, 2942 Support Levels: 2897, 2880, 2855 A false break below the support level at 2897 could signal a continuation of bullish momentum, while maintaining price levels above 2920-2928 could open the path towards 2942, 2960, and potentially even 3000. Conversely, if gold fails to hold above the support levels and breaks below 2880, liquidation could occur, it could lead to a significant retracement and further downside risks.
OANDA:XAUUSDShort
by akshit_official
GOLD - BULLS NEED TO EXERCISE CAUTIONSymbol - XAUUSD CMP - 2916 Gold is currently testing a critical risk zone within its corrective phase, where the market faces a decision point: either the continuation of the prevailing trend or the onset of a deeper correction. Attention is focused on the recently released US CPI data, which exceeded expectations. Markets remain uncertain due to the potential impact of President Trump’s proposed tariffs and the Federal Reserve's policy stance. According to the Wall Street Journal, the administration is preparing to introduce new tariffs, further adding to global economic risks. US CPI remained significantly above the Federal Reserve's target in January. Mr. Powell has indicated that the Fed is not in a rush to alter its course, leading to heightened expectations of a single rate cut in December, which in turn has supported rising bond yields. Gold is currently trading within a crucial zone, and at levels that suggest it is overbought. In my view, the ongoing rally is nearing its conclusion. Resistance Levels: 2920, 2928, 2942 Support Levels: 2897, 2880, 2855 A false break below the support level at 2897 would signal continued bullish sentiment and potential aggression in the market. If the bulls maintain price levels above 2920-2928, we may see further rally towards 2942, 2960, and potentially 3000. However, if gold breaks below 2880 and remains beneath this level, liquidation could occur, leading to price declines towards 2855, 2842, and potentially lower levels.
OANDA:XAUUSDShort
by akshit_official
Gold Next Target 3000$ ?Key points: fundamental ⚡Trump raises tariffs on steel and aluminum imports ⚡Bullion hits record high of $2,942.70 per ounce ⚡Gold bulls lock in $3,000/oz milestone in sight 📊 Market Overview: Gold continues to break all-time highs, currently trading around $2940 - $2942. Despite a temporary pause at this resistance level, geopolitical uncertainty and economic conditions suggest that gold could soon reach the psychological $3000 mark . ✅ Trend Analysis: The overall trend remains bullish, with price following an ascending trendline (dashed). Strong buying momentum is visible, as price has made higher highs and higher lows. Final Thoughts: 🚀 Gold remains bullish, but traders should watch how price reacts around key Fibonacci levels and the trendline. 📊 A break above $2,931 can push price higher, while a rejection could lead to a pullback before another bullish move. 📢 Keep an eye on key economic events (seen on chart) that may impact volatility! Would you like me to suggest entry/exit points based on your strategy? 🎯 👉 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 AT CHANNEL RESISTANCE - TIME TO SELL?Symbol - XAUUSD CMP - 2858 Gold has reached a new all-time high (ATH) of $2861 & trading at rising channel resistance, amidst heightened risks of tariff conflicts and persistent inflation, encountering resistance at the channel trend. However, due to potential political manipulation, the possibility of a market correction exists. Currently, gold is consolidating above $2840 following its ATH, as it awaits key data such as US employment figures and speeches from Federal Reserve officials. Increased volatility has been observed, driven by conflicting statements regarding former President Trump's tariff policies: tariffs were initially imposed, only to be rescinded a few hours later, highlighting the influence of political decisions. Following a false breakout at the resistance of the ascending channel, gold is now undergoing a correction, partly prompted by news of the temporary suspension of tariff hikes by the United States. Despite these fluctuations, gold remains resilient, supported by the Fed’s cautious stance on rate cuts. Key Resistance levels: $2860 and $2872 Key Support levels: $2845, $2840, $2818 Should the price fall below the $2840 mark and consolidate beneath this level, a short-term correction towards $2824 - $2815 may occur. However, no significant trend reversal is indicated, and growth may resume from these key support areas.
OANDA:XAUUSDShort
by akshit_official
2
GOLD Trading Strategy for 04th Feb 2025 GOLD Trading Strategy: Buy Strategy: Entry Point: Buy above the high of the 15-minute candle that closes above 2832 Targets: First Target: 2840 Second Target: 2851 Third Target: 2860 Stop-Loss: The stop-loss will be set at the low of the candle that breaks out above 2832. Sell Strategy: Entry Point: Sell below the low of the 15-minute candle that closes below 2796 Targets: First Target: 2790 Second Target: 2781 Third Target: 2772 Stop-Loss: The stop-loss will be set at the high of the candle that breaks down below 2796. Time Frame: 15-Minute Time Frame: This strategy is based on the 15-minute time frame, allowing for shorter-term trading opportunities and quicker responses to market movements. Important Points: Stop-Loss Orders: Always use stop-loss orders to manage risk and protect your capital. Monitor Market Conditions: Continuously monitor market conditions and news that could impact the GOLD price. Technical Indicators: Consider using technical indicators and chart patterns to confirm entry and exit points. Disclaimer: Please conduct your own research and consult a professional financial advisor before making any investment decisions. Trading and investing involve significant risk of loss and are not suitable for every investor.
TVC:GOLD
by ramkkyy
Analysis Of Gold (XAUUSD)💡 Key Economic Updates for the Week: Nonfarm Payrolls (Friday): Expected to indicate solid job growth. Likely to influence USD strength. Impact on Gold: May react inversely to USD performance based on labor market data. ISM Services PMI (Thursday): Provides insights into economic activity and inflation trends. Federal Reserve Watch: Traders will monitor speeches from Fed officials for hints on future rate decisions. ________________________________________ 📊 1. Trend Analysis: • Higher Timeframe (4H Chart): o The price is trading within an ascending channel (marked by red trendlines), indicating a bullish structure overall. o However, the recent rejection from the upper boundary of the channel and subsequent pullback suggests a potential retracement phase. • Lower Timeframe (1H and 15M Charts): o The price has entered a significant demand zone (highlighted in light blue) after breaking below a minor consolidation range. o Fibonacci retracement levels are being used to determine possible Take Profit (TP) levels during the pullback. ________________________________________ 2. Key Levels Identified: • Resistance Levels (Supply Zones): o $2,788–$2,790 (Red Zone):  A strong supply area where price has rejected multiple times.  This zone aligns with liquidity above recent highs. • Immediate Resistance: o $2,796 (Liquidity Zone):  A potential target if price attempts to retest liquidity near this level. ________________________________________ • 📊 Support Levels (Demand Zones): o $2,764 (Fib TP1):  This is the first target level from Fibonacci retracement analysis. o $2,751.5 (Fib TP2):  A deeper retracement target, aligning with a significant point of interest (POI) on the chart. o Channel Support (~$2,750):  The lower boundary of the ascending channel, acting as dynamic support. ________________________________________ ⚠️ Possible Scenarios: 1. Bullish Scenario: o If price holds above $2,764 (Fib TP1), expect a reversal toward $2,788–$2,790 (supply zone) or even the liquidity zone at $2,796. 2. Bearish Scenario: o If price breaks below $2,764, further downside toward $2,751.5 (Fib TP2) or the ascending channel support near $2,750 is likely. ________________________________________ 4. Key Takeaways: • Short-Term Levels: o Support: $2,764, $2,751.5, and $2,750. o Resistance: $2,788, $2,790, and $2,796. • Mid-Term Levels: o Focus on how the price reacts at $2,764 and the ascending channel's lower boundary for clearer direction. ________________________________________ 👉 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 Strategy FOR 02 Feb 2025GOLD Trading Strategy: Buy Strategy: Entry Point: Buy above the high of the 15-minute candle that closes above 2813 Targets: First Target: 2818 Second Target: 2824 Third Target: 2833 Stop-Loss: The stop-loss will be set at the low of the candle that breaks out above 2813. Sell Strategy: Entry Point: Sell below the low of the 15-minute candle that closes below 2790 Targets: First Target: 2782 Second Target: 2775 Third Target: 2770 Stop-Loss: The stop-loss will be set at the high of the candle that breaks down below 2790. Time Frame: 15-Minute Time Frame: This strategy is based on the 15-minute time frame, allowing for shorter-term trading opportunities and quicker responses to market movements. Important Points: Stop-Loss Orders: Always use stop-loss orders to manage risk and protect your capital. Monitor Market Conditions: Continuously monitor market conditions and news that could impact the GOLD price. Technical Indicators: Consider using technical indicators and chart patterns to confirm entry and exit points. Disclaimer: Please conduct your own research and consult a professional financial advisor before making any investment decisions. Trading and investing involve significant risk of loss and are not suitable for every investor.
TVC:GOLD
by ramkkyy
2
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