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GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)GOLD Spot (XAUUSD) (OANDA EU Clients)

GOLD Spot (XAUUSD) (OANDA EU Clients)

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GOLD.PRO.OTMS trade ideas

Golden Cross, Overbought Conditions, and Key Resistance Ahead! Price is above all moving averages, indicating an uptrend. A Golden Cross is forming near the 2656 level, suggesting bullish potential. However, caution is advised as the price is near strong resistance, which may cap upward movement. For a potential correction, the price target is 2656. The monthly RSI is overbought at 80.07, indicating a potential long-term pullback. The weekly RSI is mildly bullish at 65.45, while the daily RSI is neutral at 58.62. The 4-hour RSI is overbought at 76.36, signaling a possible pullback. The 3-hour and 2-hour RSIs are extremely overbought, with bearish divergence, reinforcing a likely near-term correction. The price is approaching a critical resistance zone, where sellers may enter. Weak volume across timeframes suggests a lack of buying conviction, and if volume remains weak near resistance, a reversal or consolidation could occur. Actionable Insights: Caution is advised due to overbought conditions and weak volume. Watch for price rejection at resistance for a potential pullback. If the Golden Cross is confirmed, ensure volume picks up to sustain the move; otherwise, the breakout may be short-lived. A pullback or reversal is likely, especially near resistance, with the price target for a correction at 2656. key levels: Ultimate Resistance: 2734.375 Major Support, Pivot Point: 2656.250 Ultimate Support: 2578.125
OANDA:XAUUSD
by Trader-Kenias
1
Will $2,640 Hold Amid Volatility?After a strong rally, gold is facing some downside pressure from its new highs. Specifically, the daily chart shows that gold has hit a key resistance level at $2,678/oz and is currently showing signs of a slight recovery. Personally, I believe that gold is still in the accumulation phase after a strong rally, and the selling pressure may not be over yet. The next important support level to watch is $2,640, which corresponds to the 0.618 Fibonacci level. This will be the deciding point whether gold continues its downtrend or starts to recover. If gold fails to hold this support level, we could see a deeper decline towards $2,600/oz. Overall, given the current situation, I advise investors to be cautious and prepare for a scenario where gold could fall further if the next support levels are not held. At the same time, investors should also closely monitor market developments to quickly update and respond promptly to changes in gold price trends.
OANDA:XAUUSD
by Maria_aaa
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
Will gold break through 2700 on Friday? Gold market analysis: In the Asian session on Friday, gold quickly rose after opening, breaking through the key technical level of 2690 and forming a head and shoulders bottom pattern, showing the possibility of further rise. So far, the gold price has reached 2694 as high as possible. If nothing unexpected happens, it is expected that the weekly line this week will form a big positive line. From a technical point of view, the upward momentum of gold is still strong. Moreover, as the situation between Russia and Ukraine continues to ferment, market uncertainty has intensified, and the demand for gold as a safe-haven asset has also increased, which has provided continuous impetus for the rise of gold. Therefore, in today's operation, we can still maintain the idea of ​​backing back to buy. Background factors of gold rise The recent rise in gold prices is obviously closely related to geopolitical tensions. The conflict between Russia and Ukraine has not been effectively curbed. On the contrary, as the situation escalates, the market's uncertainty about the global economy is also increasing. In this case, investors tend to turn to safe-haven assets such as gold to hedge potential market risks. From historical experience, geopolitical risks tend to push up gold prices in the short term, and the current situation between Russia and Ukraine remains one of the main focuses of the market. The safe-haven demand for gold has therefore been further enhanced. In addition, as the global central bank continues to raise interest rates, the trend of the US dollar has become one of the important factors affecting the price of gold. Although the US dollar remains strong, gold can still occupy a place in the global market due to geopolitical uncertainties. The current momentum of gold's rise is closely related to the intensification of the situation between Russia and Ukraine, and this factor may continue to support the rise of gold for some time to come. Technical analysis From the current 4-hour chart of gold, gold has broken through the important technical level of 2690, forming a head and shoulders bottom pattern, which usually means that gold has a strong potential for growth. At present, the price of gold has touched the 2694 line. If it continues to break through the 2700-2705 pressure range, gold is expected to rise further, or even break through higher levels, and the target may point to around 2750. Upper pressure level: 2700-2705 The short-term resistance level of gold is in the 2700-2705 range, which is a key technical range that has failed to break through many times. After breaking through this area, gold is expected to rise further, and the short-term target may point to the 2750 line. If gold can break through and stabilize in this area, it may attract more investors to follow up, thereby pushing the price of gold to continue to rise. Support level below: 2660-2666 In terms of support below, the 2660-2666 range is still an important support level for gold. If the price pulls back to this area, you can consider looking for long opportunities. From a technical point of view, gold has rebounded strongly in this area recently, and the probability of breaking through this support in the short term is low. Therefore, when it falls back to this support range, it is an ideal opportunity to enter the market. Risk control: strict stop loss Due to market uncertainty, especially in the European and American trading hours, there may be sudden black swan events that cause drastic market fluctuations, so risk control is very important. It is recommended to set a reasonable stop loss point in each transaction, especially in the European and American trading hours with large fluctuations. The stop loss can be set 10-20 points below the support level to ensure that in case of drastic market fluctuations, it can stop loss in time to reduce losses. Operation strategy Based on the current market situation, the operation idea is still to fall back and do more. When the gold price pulls back to the 2660-2666 support range, you can consider intervening to do more. The target position can be set in the 2700-2705 area. If it breaks through this area, it can continue to hold, and the target may further rise to around 2750. When entering the market, pay special attention to risk management, especially during the European and American trading hours, be particularly cautious and guard against violent market fluctuations. Retracement and long: Wait for the gold price to pull back to the 2660-2666 support area, and go long in this area. Stop loss setting: Set the stop loss below 2660 to prevent unexpected market fluctuations. Target position: The initial target is set in the 2700-2705 range. If it breaks through this area, it can further look at 2750. Risk warning Risk of black swan events: Although gold currently has a strong upward momentum, market risks still exist. Sudden events may occur during the European and American trading hours, causing violent market fluctuations. Investors should always be vigilant to avoid being greatly affected by sudden black swan events. Technical volatility risk: Gold has a certain pressure level on the technical side. If it fails to break through the 2700-2705 range, there may be a risk of a pullback. At this time, it is necessary to adjust the operation strategy in time to avoid holding positions for too long and encountering price declines. Summary In general, the upward momentum of gold is relatively strong. Affected by the situation in Russia and Ukraine and global economic uncertainty, the safe-haven demand for gold still exists. Technically, gold has broken through 2690 and has the potential to rise further. In terms of operation, you can wait for gold to pull back to the 2660-2666 area to enter the market and go long, set a reasonable stop loss, and strictly control risks. Maintain a cautious trading attitude, especially during the European and American trading hours, to ensure the flexibility of trading strategies and the effectiveness of risk control.
PYTH:XAUUSD
by GoldNest_by_Lovewell
1
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 prices continue to climb, surpassing $2,660. 27.50K positive delta on just 1 million volume of trade which means 27 % approx. of trading is net positive on buying side over the daily candle. This is massive interest in buyers side, and shows no room for selling side in near term momentum. Gold price buyers appear unstoppable, price extends its recovery mode into a fourth straight session early Thursday, helped by a modest pullback in the US Dollar (USD) and the US Treasury bond yields. The USD rallied hard on Wednesday, tracking the sharp gains in the US bond yields as traders reinforced the Trump trades optimism, digesting hawkish Fed commentary and poor 20-year bond auction results.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
GOLD - XAUUSD - Shorting Opportunity with Good Risk RewardGOLD (USD) - CMP $2630 TF: 90 Minutes After a 5 wave decline, price has moved up in a corrective bounce. And now getting halted/rejected at the 200 Period EMA which is also the previous support zone (now turning to be Resistance) I was hoping for it to test the AVWAP from the highs $2660 (which is also about 50% retracement of this entire fall) Even if Gold has to go up, it can't be a V shaped recovery.. It will come down to retest the lows at the least or even 0.618 Fib of this entire corrective rise. For Aggressive shorts 2645 will be the SL (2 candles close above).. But I would still prefer a test of 2660-70
TVC:GOLDShort
by Murthy_Santhosh
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
Gold: Are Buyers Still Motivated?OANDA:XAUUSD extended gains for a third straight day, ignoring a rising US dollar as risk-off sentiment boosted safe-haven assets. The yellow metal has gained more than 3.40% on the week, with buyers eyeing the $2,700 mark. Technically, gold is in a bullish trend today on most timeframes after buyers accepted the $2,750 level, but buyers must overcome key resistance levels ahead. A break of XAU/USD around $2,658 could see acceptance around $2,700. A break of the latter would expose the November 7 high of $2,710 and the psychological $2,750 figure. Conversely, sellers would gain the upper hand if the unprofitable metal falls below $2,600. The bearish bias continues to be seen, with the next support level being the 100-day Simple Moving Average (SMA) at $2,550. The bears could target the November 14 low of $2,536, followed by a drop to $2,500 for XAU/USD.
OANDA:XAUUSDShort
by Bo-Samson
1
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies. On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce. Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend. Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
OANDA:XAUUSD
by Maria_aaa