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CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)

CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold's (xauusd) perspective for starting the week Key Observations: Ascending Channel: Gold is trading within a well-defined upward channel. The recent rejection near the upper boundary confirms resistance at higher levels. Pullback Underway: The price has shown a pullback from the highs and is approaching the internal trendline around $2,642, which could act as interim support. Major Support Zone: The key support zone lies between $2,500-$2,550, coinciding with the lower boundary of the channel. This area is crucial for maintaining the bullish structure. Expected Movement: The price may first retest $2,642, followed by another drop to the $2,500-$2,550 support zone. A bullish bounce from this zone would reaffirm the long-term uptrend. Bearish Scenario: A break below the $2,500 support zone could invalidate the ascending channel, exposing gold to deeper declines.
OANDA:XAUUSD
by Trader-Kenias
Analysis of gold trend on November 25Analysis of gold trend on November 25 1. Market overview On Monday in Asia, gold prices experienced a sharp correction, falling by more than $60 during the day, hitting a low of $2,658. Gold's closing price last Friday was around $2,715. It reached as high as $2,720 at the opening today, but then suffered a strong sell-off, creating greater downward pressure. The current pullback is mainly affected by the uncertainty of the situation in the Middle East, especially the discussion between Hezbollah and the United States and Israel on the 60-day armistice agreement. Although a deal is close, market sentiment remains cautious, with the gold market reflecting this uncertainty, leading to increased price volatility. 2. Technical analysis price trend Gold prices have retreated from a high of $2,715 to the current $2,658, forming a more significant downward trend. From the technical chart, gold prices are still in the head and shoulders bottom pattern formed on the 4-hour chart. This pattern usually indicates that the market may reverse upward. However, the left shoulder and head position of the head and shoulders bottom pattern have been confirmed, but the construction of the right shoulder part is still in progress. Future trends need to focus on the support near $2,650. support and resistance Support level: Gold's current key support level is near $2,650, which is determined based on the 618 retracement level of gold's rise from $2,535 to $2,720. In technical analysis, the 618 retracement is considered a strong support area. If the price can stabilize above $2,650, gold may still continue its upward trend. Resistance level: Upside resistance in the short term lies in the $2,715-2,720 area, and if gold prices can break above this level, it may continue to test higher price ranges. However, the current short-term decline remains under pressure, so caution is needed before breaking out of this range. Pattern Analysis The current gold price trend has formed signs of a head and shoulders bottom. Despite gold’s pullback from $2,720 to the current level of $2,658, the 4-hour chart still shows the potential to form a right shoulder. If gold prices can find support near $2,650 and stabilize upward, this pattern could develop further and become a bullish reversal signal. 3. Operation suggestions According to current technical analysis, the key support level for gold prices is near $2,650. This position determines whether gold can continue its upward momentum in the short term. Operational suggestions: Long strategy: If the price of gold can stabilize above US$2,650, it is recommended to consider entering long positions near 2,650. The target price can focus on the short-term resistance range of US$2,715-2,720. Stop loss setting: In order to control risks, if the price of gold falls below the support level of $2,650, stop losses should be considered to avoid greater downside risks. Short selling strategy: If the price of gold continues to decline below $2,650 and falls below the important support range, you can consider a short-term short-term strategy, with the target looking at the support area near $2,610-2,600. 4. Summary The current gold market has formed a key support level near $2,650, and there is still upside potential on the technical front. If gold can hold above $2,650 and break through short-term resistance, it may continue to move higher, forming a complete reversal of the head and shoulders bottom pattern. However, if the price falls further below $2,650, there are still downside risks in the short term. Investors should pay close attention to the break of the $2,650 support level and adjust their operating strategies accordingly.
PYTH:XAUUSD
by GoldNest_by_Lovewell
1
Will gold continue to rise strongly next week? Review of recent trends: The gold market showed a significant reversal this week. Following last Friday's consecutive negative declines, gold prices rebounded strongly this week, rising for five consecutive days and quickly recovering lost ground. After falling from 2710 last week to 2536, prices rose again this week, indicating that market sentiment is changing rapidly, especially driven by geopolitical factors. Fundamental impact: Geopolitical tensions: The Russia-Ukraine conflict and the escalation of tensions on the Korean Peninsula are key factors driving the rise in gold, and rising demand for safe havens is the main driving force behind the surge in gold prices. Korean Peninsula: North Korean leader Kim Jong-un said he currently faces the risk of nuclear war, which intensified the market's risk aversion and pushed gold prices higher. If these uncertainties continue to ferment, gold may break through the $2,800 mark before the end of the year. Technical analysis: Daily K-line chart: A golden cross appears on the daily chart, which is a typical bullish signal and there is still room for growth in the short term. Five consecutive positive lines indicate that bulls have strong momentum, and the price has broken through the central axis of 2690, and may continue to test higher prices upwards. 4 hour chart: The trend shows a stepped slow bull shape, with shocks running upward. Both Stochastic and MACD are in golden cross status, showing continued upward momentum. Key pressure ranges: 2750-2760, 2790. If these pressure levels are exceeded, gold prices may rise further. Support range: 2700-2690. If the price pulls back here, strong support may be formed. Operation strategy: Retracement to go long: If the gold price pulls back to around 2710, you can consider going long, with targets at 2728, 2740, and 2756. Shorting on rebound: If the price rebounds to 2728, 2740, 2756, etc., you can go short in these areas. Support zone operation: If the price falls back to around 2706, 2700, and 2692, you can go long in batches and use the support level to find entry opportunities. Outlook for next week: Gold's short-term trend remains bullish, especially on the technical front, with a golden cross and upward momentum showing the potential for continued gains. In terms of fundamentals, geopolitical risk factors still have a greater impact on the market, and gold is expected to continue to be the first choice for safe-haven funds. The key price ranges for next week are: support level: 2700-2690; pressure level: 2750-2760, 2790. If it breaks through to the upside, gold may challenge the high of $2,800. In general, the short-term trend of gold next week is bullish, but we also need to be wary of price shock adjustments near key pressure levels.
PYTH:XAUUSD
by GoldNest_by_Lovewell
Gold Trading Strategy for 25th November 2024Gold Trading Strategy: Buy Above 2,725 / Sell Below 2,694 Current Price: 2,716.335 USD Key Levels: Buy Signal: If the price closes above 2,725 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,694 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling. Support and Resistance Levels: Resistance: 2,750 and 2,766 Support: 2,684 and 2,662 Market Analysis: The current price is around 2,716.335 USD, indicating potential for both bullish and bearish activity based on the key levels. Pay close attention to the range between 2,694 to 2,725 for support and resistance levels. Recommendations: Buy: If the price sustains above 2,725 on the one-hour candle close, consider entering long positions. Book partial profits at 2,735 or use a trailing stop loss to protect your profit, with targets at 2,750 and 2,766. Sell: If the price breaks below 2,694 on the one-hour candle close, consider short positions. Book partial profits at 2,785 or use a trailing stop loss to protect your profit, with targets at 2,680 and 2,662. Disclaimer: This trading strategy is for educational purposes only and does not constitute financial advice. Trading in financial markets, including gold, carries a high level of risk and may not be suitable for all investors. You should carefully consider your investment objectives, level of experience, and risk appetite before making any trading decisions. Always conduct your own research and seek advice from a qualified financial advisor before investing. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
Gold : The fundamental context and goals have both changedOANDA:XAUUSD The breakout of the local downtrend channel has disadvantaged sellers. The fundamental background is changing, despite continued USD buying and the prevailing risk-off environment, which overall favors gold as a safe-haven asset during times of crisis. The stronger USD, supported by the ongoing "Trump trade" rally, and US bond yields have rebounded across various maturities. Despite the optimism around the USD, gold prices remain resilient and benefit from escalating geopolitical tensions between Russia and Ukraine. Therefore, gold prices are likely to continue their growth in the near term before today’s scheduled news (PMI)... However! Since this is pre-news before session closing, reactions may consolidate for sellers before further strengthening. Technically, gold has every opportunity to retest the boundaries of the previously broken channel. However, based on fundamental news and technical factors, we can conclude that further growth may continue. Prices are heading toward a liquidity zone, from which a correction may occur, followed by expected further strengthening in the near term. But in any case, I prioritize and consider buying upon a clear breakout of gold at 2686 - 2700, targeting the medium-term highs as outlined on the chart.
OANDA:XAUUSDLong
by Bo-Samson
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts. Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week. Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
OANDA:XAUUSD
by Maria_aaa
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term. I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
OANDA:XAUUSD
by Maria_aaa
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