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GOLD trade ideas

Gold Trading Levels for 09th December 2024Gold Trading Levels and Analysis Gold has been consolidating for the past week, indicating a potential breakout is imminent. Here are the key levels and details: Buy Setup Entry: Buy above 2,643 if the price breaks and closes above this level, signaling an upward breakout. Targets: 2,700-2,710 Stop Loss: Below the low of the breakout candle for risk management. Sell Setup Entry: Sell below 2,624 if the price breaks and closes below this level, signaling a downward breakout. Targets: 2,560-2,550 Stop Loss: Above the high of the breakdown candle. Market Context Gold has been trading in a tight range, creating pressure for a potential breakout in either direction. This week’s market movement could determine the direction, so watch for the key levels closely. Disclaimer The above analysis is provided for educational purposes only and is not intended as financial or investment advice. Trading in commodities carries risk, and past performance is not indicative of future results. Please perform your own research or consult a certified financial advisor before making any trading decisions. Always trade responsibly and use proper risk management techniques.
OANDA:XAUUSD
by ramkkyy
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update gold 😁 ready for big below 👇 trend 📉 Gold Traders SMC-Trading Point still holding Short Trade today gold test supply zone rejected oderbolk going to Short Trade Now entry ☺️🤝 2673 target we'll see 2500 Resistance level 2677+2772 Support level 2653 -2616 2500 Support 💫 My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎯
OANDA:XAUUSDShort
by SMC-Trading-Point
XAU/USD Set to Break Consolidation and Target New All-Time High XAU/USD has been trading in a consolidation phase, showing no significant upward or downward movement between November 25 and December 9. Previously, it hit a low of 2537 on November 14. Sellers have been attempting to push the price back to this level, but they’ve struggled to break below the psychological support at 2600. This inability to breach key support suggests bearish momentum is weakening. With the price holding firm above 2600, the likelihood of a breakout above the trendline increases. If this happens, gold could rally to test its all-time high of 2780–2800.
OANDA:XAUUSDLong
by DeepakSardar
Gold Trends Forecast December 10Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities. • The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices. • Technical analysis: • Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power. • Expect Fibo 0.5 – 0.618 to buy back • Trading plan: Buy Gold: 2652 – 2650 SL: 2648 TP: 2656 -2662 – 2674 If SL this order buys back Buy Gold: 2645 - 2643 SL: 2640 TP: 2656 -2662 – 2674 – Open Sell Gold: 2686 – 2688 SL: 2692 TP: 2679 - 2660
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold buy on dip given yesterday we get huge profit more upside Disclaimer - 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 23.6% )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:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold analysis on Monday: 2660-2670 tests pressureGold analysis on Monday: 2660-2670 tests pressure As shown in the figure: Last week, gold experienced a big market of long and short double kills. On Monday, the Asian session continued to increase the market, which once pulled the gold price above 2650. The gold trend completely returned to the range of fluctuations: 2620-2670 Today, as the US session is about to open, gold focuses on testing: the pressure around 2660-2670. Without the boost of major news events, our intraday trading still looks at the range of fluctuations: (2660-2620) Four-hour cycle: 2620-2660 is still the main fluctuation range at present Oscillating center: 2645-2650 (Ray A: Still the most effective support line at present) After today's Asian session trend adjustment: Gold currently stands at 2645 and accumulates momentum for fluctuations below 2660. Oscillation space: Today, it is arranged around the 2670-2620 range Still focus on: the pressure performance around 2660 Strategy: ------------------------- Long-term ideas: Bottom support: 2630-2640 Breaking pressure: 2645-2650 Upward target: 2660-2670 ----------------------------------------- Short-term ideas: Top pressure: 2660-2670 Breaking support: 2645-2650 Downward target: 2630-2620 Last week, we said that gold will usher in a large fluctuation. The trend of last Friday and this Monday is obviously a situation of long and short killing. On December 9, gold did not move in a unilateral market last week. The overall fluctuation was a few tens of dollars. The interweaving of long and short news also made it difficult for gold to break. As for the news this week, it is very scarce. There is basically no focus except for regular data. What needs to be paid attention to is the Middle East and Russia-Ukraine issues. Of course, the political situation in South Korea and France also needs to be paid attention to. On Monday (December 9), the gold price opened with a continuous roller coaster market of 20 US dollars, which shows the entanglement of the market. Now the market is also waiting for more fundamental catalysts to guide the direction. Against the backdrop of global economic and political uncertainty, the gold market may continue to fluctuate, and the operation will naturally be mainly in the range. However, as far as the current situation is concerned, since the Syrian opposition forces seized control of the capital Damascus on Sunday, and the martial law crisis in South Korea has continued to ferment. The bullish opportunities have increased. From a technical point of view, at the beginning of this week, gold will temporarily fluctuate around the moving average band. If the market sentiment continues to speculate on risk aversion, then gold may test 2660-70 again, and even 2680 is possible. If the geopolitical situation gradually eases and risk aversion does not heat up, then gold may return to the technically weak trend. Focus on the 20-day line near 2630 below, and still retain the possibility of gold returning to the 2610-00 area before the Fed's interest rate decision next week, and then make a mid-term choice based on whether the Fed will suspend the interest rate cut.
FOREXCOM:XAUUSD
by G-Janaya
Gold View On CPI weekGold price opened with a positive gap today due to geopolitical scenario but still trading under range (2620-50) , to get clear direction price need to breakout this range , we have some major data this week that going to add volatility on Intra day and can decide the next move for short term, as updated last week I am holding sell trade (Already closed multiple entries in profit last week) but still expecting more decline (technically) ; my average sell price is at 2652 and considering my SL at 2670-75(Exact stop level shared with golden Circle) range and want to book profit 2600 and below (2580,2530).
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
Gold taking support from 2620-2605 buy on dip upmove will come Disclaimer - 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:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader
Gold Trend Forecast This Week (December 9 - December 13)Gold trend is unlikely to decline sharply, although the US Non Farm News was very good, Gold still bounced 264x, when it fell to the price range of 2626 - 2627. This week, there was quite a lot of news supporting Gold's increase such as: US CPI news may decrease slightly compared to expectations, creating conditions for the FED to continue to reduce interest rates. Central banks such as Canada, Switzerland and Europe ECB continue to cut interest rates next week. Although the gold market is currently quiet, this could be an accumulation period before a potential price increase. Investors need to closely monitor developments and prepare for future opportunities. The Central Bank of China announced that it had bought gold again and the war situation in Syria at the end of the week caused gold to have a gap of 15 prices this morning. Gold Price Forecast Christopher Vecchio, an expert at Tastylive, said he is neutral on the gold market. He believes that gold prices need to break through the resistance level of $2,725/ounce to create new growth momentum. Kitco forecasts that gold prices may fluctuate in the range of $2,600-2,800/ounce by the end of 2024. Factors such as the Fed's monetary policy and geopolitical tensions will affect gold prices in the coming time Good Buy Plan : Buy 2620 - 2618 SL: 2615 TP: 2635 -2642 -2655 - 2699 or even Buy 2610-2608 SL: 2604 TP: 2618 - 2642- 2699 Gold will decline to 2567.89 if it breaks 2600 (This case is quite low) Sell Plan: Sell: 2663 SL: 2668 TP: 2656 - 2652 Sell: 2688 - 2690 SL: 2673 TP: 2674 - 2666 - 2654
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold levels for next week sell on rise until 2670 not break Disclaimer - 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