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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold analysis today: 2640-2645 will show a new directionGold analysis today: 2640-2645 will show a new direction As shown in the figure: Four-hour cycle: 2620-2660 is the current oscillation range Oscillating center: 2640 The current trend of gold is converging and oscillating around 2640. We still focus on the trend performance near 2640. Strategy: ------------------------- Bull ideas: Bottom support: 2630-2635 Break pressure: 2640-2645 Upward target: 2650-2660-2670 --------------------------------------- Bear ideas: Top pressure: 2640-2645 Break support: 2630-2635 Downward target: 2620-2600-2580 Monday market interpretation: fast fall, slow rise, start to fall from the Asian session Tuesday market interpretation: slow fall, fast rise, start to rebound from the Asian session Today's market summary: Low-to-long ideas, reasonable position control, set a good stop loss Policy (positive): New York Fed President Williams, who is known as the "third in command of the Federal Reserve" and enjoys permanent voting rights on the FOMC, said that now that inflation and employment risks are more balanced, officials may need to further lower interest rates to shift policies to a neutral stance. But Williams did not say whether he would support a rate cut when policymakers meet later this month, saying decisions would be made at each meeting. "I expect that it will be appropriate to continue to move toward a more neutral policy environment over time," Williams said Monday in prepared remarks for a Queens Chamber of Commerce event in New York. "The path of policy will be data-driven. If we have learned anything over the past five years, it is that the outlook remains highly uncertain." The neutral rate is the rate that neither stimulates nor hampers economic growth. Williams said the economy is in good shape and the labor market is solid. Labor demand has cooled and labor supply has increased, and Williams said the labor market is unlikely to add to inflationary pressures in the future. Williams said that while inflation remains above the Fed's 2% target, there is reason to believe that inflation will reach the target, noting that inflation for goods and services other than food, energy and housing has slowed. Fed officials began cutting rates in September after raising them to a peak of 5.25% to 5.5%, which helped cool inflationary pressures from a peak of 7.2% in mid-2022. But recent data showed stubbornly high inflation in the services sector, and investors in December futures contracts are betting that the rate-cutting cycle could pause. The personal consumption expenditures price index excluding food and energy rose 2.8% in the 12 months through October. On the geopolitical front (bullish): At least nine people were killed and three others wounded in an Israeli attack on two southern Lebanese towns, Talousa and Haris, on Monday. The Israeli military said it struck dozens of Hezbollah targets across Lebanon. Earlier on Monday, Lebanese authorities reported two more deaths in Israeli strikes elsewhere in southern Lebanon, including a state security agent who was killed in the line of duty, bringing the day's death toll to 11. Shortly before Israel launched its latest attack, Hezbollah accused Israel of violating a ceasefire by firing missiles at an Israeli military position in the disputed Shebaa Farms area. Hezbollah said it was a "defensive warning strike." Residents of Beirut also told Reuters they heard drones flying low overhead late at night. The exchange of fire makes the U.S.-brokered ceasefire between the two sides increasingly fragile less than a week after it came into effect. U.S. officials worry that the Lebanon ceasefire could fall apart. The White House is concerned that Lebanon's fragile ceasefire could fall apart after Israel and Hezbollah exchanged fire in recent days.
FOREXCOM:XAUUSD
by G-Janaya
XAU/USDTechnical analysis is a powerful tool for analyzing forex pairs, but it's important to remember that it's not a guaranteed predictor of future price movements. It's best used in conjunction with other tools and strategies. Here are some key concepts in technical analysis: Charts: Price charts are the foundation of technical analysis. They show the historical price movements of a currency pair over time. Different chart types (candlestick, bar, line) can provide different insights.
OANDA:XAUUSDLong
by Forexlia
Gold XAUUSD sell on riss until 2670 not break levels on chartDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
GOLD--> The bears are gaining strength! Next target: 2600OANDA:XAUUSD is declining after a false breakout of the resistance range. The fundamental backdrop is mixed and still does not allow for a clear medium- and long-term strategy to be formed. But!... Trump's tariff policy and rising geopolitical tensions are influencing metal prices. Against the backdrop of a strengthening dollar and expectations of a Fed rate cut, gold prices are declining and confirming the market's structure. Looking ahead, all eyes will be on U.S. employment data as the country will release multiple job-related figures ahead of the Non-Farm Payrolls (NFP) report on Friday. From a technical standpoint, we have a trend to watch after leaving the rising channel support and the 2636 area, reflecting the prevailing bearish sentiment. A breakout below 2636 could trigger aggressive selling against the backdrop of a newly strengthened dollar. However, the possibility of a retest of the area of interest before continuing the downward trend cannot be ruled out. Gold prices are expected to decline and reach levels of 2610 and 2596, respectively.
OANDA:XAUUSDShort
by Bo-Samson
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 analysis today: 2640 key zoneGold analysis today: 2640 key zone As shown: In the four-hour cycle, the gold trend last week fluctuated upward along the black channel (as shown in the figure). Due to Thanksgiving, the US market was closed on Friday, resulting in no huge fluctuations in the market, and the repair shock within the channel was still maintained. Because of Trump's firm attitude and negative remarks over the weekend, the gold trend fell directly below the black channel on Monday this week (as shown in the figure) 5-minute level: fell to around 2623, rebounded to 2640 to test pressure So today's focus on the price: Is the pressure around 2640 effective? The upper pressure is obvious: 2640 One: Continue to continue the idea of ​​shock: 2620-2640 range Two: Short-selling idea: Take the pressure around 2640 as the pressure range, test and set a stop loss. Expected decline in the day: 2630-2620-2605 Specific strategy: SELL: 2640-2635 SL: 2650-2648 TP1: 2630 TP2: 2620 TP3: 2605 Notes on short selling: Once it returns above 2640, it is likely to continue to run along the black rising channel, with a high of 2680-2700. Be sure to set a stop loss and control your position reasonably. 3: Long ideas: Take the 2600 range as the support range of the large-scale cycle, test and set stop loss, and the expected rise in the day: 2620-2630-2640-2680 Specific strategy: BUY: 2605-2610 SL: 2590-2600 TP1: 2620 TP2: 2630 TP3: 2640-2680 Notes for long: Once it falls below 2600 and returns to the bearish trend, the maximum decline today is likely to be around 2540. So be sure to bring a stop loss and control the rationality of the position The first news this week: Trump hopes that the US dollar will continue to be the world's reserve currency US President-elect: Trump reiterated his threat to impose a "100% tariff". Donald Trump warned that he would ask some countries to promise not to create a new currency to replace the use of the US dollar, and repeatedly threatened to impose a 100% tariff. "The idea that some are trying to get rid of the dollar and we sit back and do nothing is over," Trump said in a post on his "TruthSocial" on Saturday. "We are asking these countries to promise that they will not create a new market currency or support any other currency to replace the strong dollar, otherwise they will face a 100% tariff and should be prepared to say goodbye to selling goods to the wonderful American economy," he added. Trump promised during his campaign that he would make countries pay a high price for abandoning the dollar. He also threatened to use tariffs to ensure they comply. Saturday's threat has taken on new meaning as the president-elect prepares to return to power in January next year. Trump and his economic advisers have been discussing how to punish allies and adversaries who try to conduct bilateral trade in currencies other than the dollar. According to people familiar with the matter, these measures include considering export controls, trade tariffs and other options. Trump has long stressed that he wants the dollar to remain the world's reserve currency. He told CNBC in a March interview that he "will not allow countries to abandon the dollar" because it would "deal a blow to our country." Opposition to the dollar's dominance has intensified in 2022 as the United States led economic sanctions against Russia. "It is impossible for any country to replace the dollar in international trade, and any country that tries to do so should wave goodbye to the United States," Trump said on Saturday. The president-elect has already shocked world markets by threatening to impose 25% tariffs on all products from Mexico and Canada before the start of his second term if those countries do not do more to stop illegal drugs and undocumented immigrants from crossing the U.S. border. Canadian Prime Minister Justin Trudeau met with Trump on Friday to discuss trade and border issues, trying to ease tensions between the two allies after the tariff threat. News interpretation: bearish for gold
FOREXCOM:XAUUSD
by G-Janaya
Gold Trend - Profit taking will dominate before the year's endDespite the initial drop on Monday, the gold price was relatively quiet last week. The price shot up to around 2710 due to all the geopolitical tensions the week before. But then, it quickly retreated after an uneventful weekend. The risk premium dramatically reduced as the Asian market opened on Monday, leading to gold prices falling below 2700 early in the session. During the U.S. trading session on the same day, Trump announced the preliminary tariff policies on China, Canada, and Mexico via social media. The market anticipated a continued high-interest environment in the U.S. until 2025, exerting pressure on gold prices once more, causing them to dip below 2650(1). Gold prices stabilized thereafter, with a holiday atmosphere prevailing, prices rebounded throughout the week, closing near 2650. Gold prices experienced significant fluctuations in the past couple of weeks due to the Russia/Ukraine and Israel/Palestine situations. However, as tensions ease, the upward momentum for price has waned. Heading into the final month of 2024, the gold market continues to be influenced by profit-taking sentiments, as the number of open interests in COMEX gold futures dropped, from 560,000 in early November to 450,000 last Friday. Unless there are significant changes in the fundamentals, gold prices are expected to keep consolidating. This week, the focus will be on Friday's US employment data, with market expectations suggesting a rebound in non-farm payrolls to 200,000. Gold prices are likely to face some pressure before the data is released. 1-hr chart(above) > Early in the Asian session today, the S-T trend turned bearish as the gold prices dipped below the support line(2). Strong selling resistance appeared near 2665 at the end of last week, suggesting initial operations within the 2600-2665(3) range. If this week's US job data performs well in the latter part of the week, the gold price may once again visit below 2600. Daily chart(above) > The overall trend for gold prices continues to adjust towards the 2600 mark, as mentioned last week. The significant selling pressure on Monday (4) is expected to continue influencing the S-T direction. The daily chart range is set between 2605-2665, and if there's a downward breakout later this week, the downside target could be set around the 100-day MA near 2574 (6). If you like our analysis, please give us a thumbs up 🚀! P.To
TVC:GOLD
by 1uptick
Gold --> Interest in this metal is growingGold continues to hold strong as the dollar faces a correction, with liquidity gradually diminishing. Friday’s trading in the US could play a pivotal role in shaping market dynamics. On the H1 timeframe, gold remains firmly within the boundaries of a local bullish channel, driven by the dollar's weakness, which stems largely from the ongoing inflationary environment. Adding to this momentum, the Federal Reserve's dovish stance on interest rate policy continues to act as a tailwind for gold prices. However, this factor appears to be taking a backseat for now. Meanwhile, the market spotlight is shifting toward the policies of the new US administration, which are expected to bring significant changes to the global economic landscape. These shifts could push central banks to bolster their gold reserves, potentially igniting a surge in central bank gold trading activity. With the fundamentals aligning for a bullish trend—supported by an ascending channel and strong macroeconomic factors—buying opportunities dominate the strategy. Ideal entries lie around the support zone (aligned with FVG levels) or upon a confirmed breakout above the resistance level. Price targets? Gold's climb toward 2678 and 2694 is drawing closer, signaling an exciting rally ahead!
OANDA:XAUUSDLong
by Bo-Samson
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