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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold Price Analysis September 25Fundamental Analysis Gold rose to a fresh record high of $2,670 an ounce on Wednesday after a surprise drop in U.S. consumer confidence data on Tuesday raised expectations of more aggressive policy easing and deeper interest rate cuts from the Federal Reserve. Lower interest rates are good for gold because they reduce the opportunity cost of holding non-interest-bearing assets, making it more attractive to investors. The People's Bank of China's biggest stimulus move since the Covid pandemic announced on Tuesday, which included steep cuts in borrowing costs as part of a package of measures to revive the slumping economy, also supported gold prices. Escalating tensions in the Middle East after Israel resumed bombing Hezbollah targets in Lebanon further boosted safe-haven flows into the yellow metal. Technical Analysis Gold is sideways in a narrow range and waiting for clear buying and selling forces at the support level of 2650 to see how the price reacts when the US session enters. If it cannot break through 2650, a new ATH can be established today. Pay attention to the resistance zones at the top of 2670-2680 and see the price reaction in this zone to SELL. Important support is at the 2640 zone Trading signals BUY GOLD zone 2650 SL 2645 BUY GOLD zone 2640 SL 2635 SELL GOLD zone 2670 SL 2675 SELL GOLD zone 2680 SL 2685
OANDA:XAUUSD
by TVS-Trader
XAUUSD 9/25/2024 gold price continues to increase? Looking at H1 we are witnessing an extended wave 5 with the wave 5 target I measured at the current price zone of 2665 this zone has been reached and the second price zone at the price zone of 2696 - 2699. After the end of wave 5 we will have another ABC adjustment so these target price zones will be the price zones we choose as SELL down targets - This adjustment will be very large and long to facilitate intraday trading I will choose target zones with a lot of demand so we can catch the recovery waves in this adjustment. - We have 2 target price zones with high demand concentration, which are the 2565 - 2562 zone and the 2594 - 2591 zone. These are the 2 target zones we choose to BUY up. Trading plan SELL ZONE: 2696 - 2699 SL: 2706 TP1: 2682 TP2: 2665 TP3: 2655 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2641 Tp2: 2655 TP3: 2670 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2614 TP2: 2625 TP3: 2641
OANDA:XAUUSDShort
by DEEKOP
Gold prices are skyrocketing: will they break a new peak?Gold prices are skyrocketing; will they hit the $2,700/ounce mark? Hello everyone, Alisa here! How are gold prices doing this Wednesday? Let’s explore together! Today, global gold prices continue to soar, reaching a new peak of $2,662/ounce. The continuous rise of this precious metal is driven by expectations that central banks will continue cutting interest rates, along with escalating geopolitical tensions in the Middle East. Looking at the chart, the price remains in an upward channel. With support at $2,555 and the EMA 34 and 89 lines holding steady, this further strengthens the bullish trend for gold. I believe gold could surpass $2,700/ounce as early as the end of this week, if tensions in the Middle East continue to escalate and more news about interest rate cuts emerges. Do you agree with me?
OANDA:XAUUSD
by Alisa_Rokosz
Catching the Uptrend Amid Expectations of Interest Rate CutsIn the context of the global economy witnessing major adjustments from central banks, gold prices continued to experience a spectacular week of price increases, reaching a new record high. The main reasons were the weak dollar and the continuous decline in US Treasury bond yields, combined with the tense geopolitical situation between Israel and Hezbollah. At the end of the trading session on September 23 at Kitco, gold recorded a price of 2,625.00 USD/ounce, slightly up 3.60 USD. The market is waiting for new signals from the US Federal Reserve (Fed) this week, especially the upcoming speech of Chairman Jerome Powell, along with the announcement of PCE price index data, an inflation measure that the Fed is particularly interested in. Technical analysis from the current chart shows that gold is trading right at a key resistance level, with a strong upside momentum supported by the 34 EMA and 89 EMA, which are acting as key support levels. Given the current economic and geopolitical factors, gold could continue its upward momentum if the upcoming monetary policy meetings of the Fed and other central banks yield further monetary easing decisions. Further rate cuts could further strengthen the buying interest in gold as a safe-haven asset. If gold breaks the current resistance level, the next target could be around $2,700/oz. In case the price falls below the supporting EMAs, one needs to keep a close eye on the support level at $2,560/oz, which could provide an ideal entry point for long positions.
OANDA:XAUUSD
by Alexander_FXTrading
XAU/USD: Breakout or Upcoming Correction?XAU/USD is climbing strongly, supported by two solid "fortresses" of EMA 34 and EMA 89, as buyers proceed cautiously after reaching a new peak amid mild overbought conditions. The biggest challenge now is the resistance at $2632 – if breached, the bullish momentum could accelerate further, unlocking the potential to reach new highs. The “winds” from upcoming economic data from the FED and key news from the US and Europe will be the “key” to determining the next direction. Traders should be ready to seize opportunities: buy on the breakout or consider selling if the price pulls back for a correction!
OANDA:XAUUSDLong
by Romio_pro
Gold Support and Resistance LevelsGold Market Analysis Key Support Level: 2480 Current Bias: Bullish Change in Bias: The market remains bullish while the price is above the 2480 level. If the price breaks and sustains below this support, the bias would shift to bearish. Immediate Resistance Level: 2530 Current Price Action: Monitor the price behavior around this level. If gold approaches 2530, watch for potential resistance. A breakout above this resistance could suggest further upside potential. Upside Targets: 2580 2600 Immediate Support Level: 2480 Observation: If gold breaks above 2530, the next resistance levels to watch are 2580 and 2600. These targets are based on the continuation of the bullish trend if the price maintains momentum. Downside Targets: 2450 2430 Observation: If the price falls below the key support level of 2480 and sustains below it, the bearish outlook would suggest targets at 2450 and 2430. These levels represent potential areas of further support. Volatility Considerations: Sustained Moves: Pay attention to price action and volume around these key levels. A strong, sustained move below 2480, combined with increased volatility, would reinforce the bearish outlook and target the lower levels mentioned. Summary: Bullish Scenario: While above 2480, gold is in a bullish phase with potential upside targets of 2580 and 2600. Bearish Scenario: A break below 2480 would shift the view to bearish, with targets at 2450 and 2430. Keep an eye on price behavior around these key levels to refine your strategy and make informed trading decisions.
CAPITALCOM:GOLD
by rakeshreddym
BTC & Gold Price Action Analysis | Key Levels & Trading StrategiDiscover the latest price action analysis for Bitcoin (BTC) and Gold in today's market. In this video, we break down key levels, chart patterns, and potential trading opportunities for both assets. Whether you're a Forex trader, crypto enthusiast, or looking to diversify your portfolio, our expert insights will help you navigate the markets. Don't miss out on crucial support and resistance levels, trend reversals, and strategies to trade BTC and Gold effectively. #BitcoinAnalysis #GoldPriceAction #BTCPriceForecast #GoldTrading #ForexTrading #Crypto #TechnicalAnalysis #BTC #Gold #September2024
OANDA:XAUUSD
by Alzubair_fx
XAUUSD Support & Resistance Gold (XAUUSD) is currently trading at a key level of support and resistance. In terms of Indian Rupees (INR), the support and resistance levels for Gold (XAUUSD) can be translated as follows: - Support level: Around ₹130,000 per 10 grams - Resistance level: Around ₹134,000 per 10 grams These levels are crucial for traders to monitor as they can indicate potential reversals or breakouts in the price of gold. If the price drops below the support level, it may further decline towards the next support level around ₹128,000. Conversely, if the price breaks above the resistance level, it could potentially rally towards ₹136,000. Please keep in mind that these levels are approximate and subject to market fluctuations. It's recommended to use additional analysis and indicators to make well-informed trading decisions.
OANDA:XAUUSDLong
by EmpireCrown
Gold price analysis todayFundamental Analysis Gold prices fell after hitting a fresh all-time high around the $2,640 region on Tuesday and slid to the lower end of its daily range heading into the European session. Rising US Treasury yields helped revive demand for the US Dollar (USD), prompting some profit-taking around the commodity amid a mildly overbought condition on the daily chart. However, any meaningful corrective decline in Gold prices appears to be limited after the Federal Reserve (Fed) stepped up bets on more aggressive policy easing. Additionally, persistent geopolitical risks, US political uncertainty and a gloomy global economic outlook will support the safe-haven XAU/USD as traders look to Fed Governor Michelle Bowman’s speech for fresh impetus. Technical Analysis Gold retreats from the 2640 peak. Technically, wave 5 of the Elliot wave has completed and the ABC correction wave is forming towards 2604. If the 2624 zone where gold is currently located is broken, we will get the 2603 level when the US session jumps in. If the European session price cannot break 2625, we will still wait and prioritize the sell side when retesting the 2640 peak. The 2593-2595 zone is considered a good buy zone. Upper resistance: 2640 - 2645 - 2650 - 2658 Support: 2615 - 2610 - 2605 - 2600 - 2688 - 2657 Sell 2654 - 2656. Stoploss 2659 Sell 2640-2642. Stoploss 2445 Canh BUY scalp 2615 Canh BUY 2604 - 2606. Stoploss 2600 Canh BUY 2593-2595. Stoploss 2590
OANDA:XAUUSD
by TVS-Trader
Historic Turning Point: Gold Takes New HighGold has continued to rally, hitting new highs on the back of the Fed’s rate cut, which has weakened the US dollar and lowered bond yields. Gold is currently trading at $2,625.00, up slightly by 0.14%. Markets are expecting another rate cut by the Fed later this year, which continues to support gold prices. Technically, gold is currently above both the 34-EMA and 89-EMA, indicating a clear bullish bias. Traders should keep an eye on the next resistance level at $2,630. A successful break above this level could pave the way for further gains. However, if a correction occurs, the key support level to watch is $2,590. A pullback could be an opportunity for investors to buy, especially if the fundamentals remain bullish.
OANDA:XAUUSD
by Alexander_FXTrading
GOLD SHOWING A GOOD UP MOVE WITH 1:5 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
ICMARKETS:XAUUSDLong
by tradergyan01
11
XAUUSD 9/24/2024 price increase continues? Looking at H1 we see wave 5 is completing - The target position of the end of wave 5 we have 2 target zones, the first zone is 2645 - 2648 and the second target zone is 2597 - 2700. For now we will choose the first target zone which is 2645 - 2648 as the target zone to SELL down - Below after the end of wave 5 we will have a correction according to 3 ABC waves. - We have the target zone of this correction at the price zone 2594 - 2591 and the second target zone at the price zone 2565 - 2562 we will choose these 2 target zones to BUY Trading plan SELL ZONE: 2645 - 2648 SL: 2655 TP1: 2625 TP2: 2606 TP3: 2593 BUY ZONE: 2594 - 2591 SL: 2584 TP1: 2606 TP2: 2616 TP3: 2645 BUY ZONE: 2565 - 2562 SL: 2555 TP1: 2570 TP2: 2589 TP3: 2603
OANDA:XAUUSDLong
by DEEKOP
Surprise: Gold "Ignores" USD, Sets New RecordHello, it's Alisa again! How is everyone's Tuesday going? Today, let's explore the current gold price situation together! Despite the USD index trending upwards, the gold market is still impressively rising. The main reason stems from investors' optimistic sentiment following the Fed's decision to ease monetary policy. Additionally, escalating geopolitical tensions have made gold an attractive safe-haven asset. Looking at the technical chart, the EMA 34 and 89 lines are running steadily, with no signs of reversal. With support at 2,579, gold is expected to bounce and break through the resistance at 2,625 to continue its upward trend. What about you? How do you think the gold price will change? Comment and let Alisa know!
OANDA:XAUUSD
by Alisa_Rokosz
Quick scalp trade on break of upper bollinger band The speculation in prices are based on fed previous rate cut by 50 points but the current price upside is fueled by more news coming from fed that 100 points cut is on card by year end . How ever as we all know 4 more months on card exist .. so it's better to scalp the trade upto 2650 and then wait to enter short incase and until the price again doesn't fall drastically below 200 ema on 1 min time frame for a quick scalp trade.
VANTAGE:XAUUSDLong
by XAUUSDANALYST