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GOLDCFD trade ideas

GOLD ANALYSIS 8TH NOVGold Price Analysis Current Trend: Bearish Key Observations: Gold has recently bounced from a 4-hour demand zone acting as support. However, it's rejecting from a major support level that has now turned into resistance. Short Trade Setup: Wait for the minor support to break. Enter short positions on a retracement. Target the 4-hour demand zone as the take-profit level. Long Trade Setup: Allow price to break above the 15-minute resistance level. Look for a retracement to enter longs.
OANDA:XAUUSD
by priceactiongold1
Gold : More decline ahead Gold plunged to a three-week low below 2650 today after the 2024 US Presidential election. The Republican candidate, former President Donald Trump, won the contest, boosting the dollar demand and US Treasury bond yields. Gold price closed the last day with a very bearish candle on day time frame and seems like that price can make more decline in coming days...For today the idea is to wait for pullback on or before FOMC rate decision and then selling is seems to favourable. In higher side the fib golden zone is at 2717-34 (For the cycle 2790-2643) , so under this zone sell is good as we have to wait for reversal sign on higher time frame from low side .
OANDA:XAUUSDShort
by TheGoldenCircle
2
Gold trying to re claim 2700...What next?we have seen good comeback of gold price in yesterday trading session and gold price tested 2700 level again, on price action gold price re-tested the trendline from where the price breakdown on Wednesday and seems like facing resistance now. In yesterday trading session we have not seen and major rejection in higher side and till now there is no major rejection as of now , so idea is today is to wait for a good confirmation on H4 , or wait till London session , if price stays below 2700 then we can look for sell opportunities Or For a safe sell entry wait for price to either test on main resistance area 2717-37 (fib resistance area) or let it breakdown the daily pivot for today which is at 2685.
OANDA:XAUUSDShort
by TheGoldenCircle
GOLD TRAP AND ANALYSIS NOV 8TH 2024Analysis Update on Gold (XAUUSD) Currently, gold is exhibiting a bearish scenario overall. Price recently rejected an order block and has been forming a series of lower lows and lower highs. The last significant low was broken, and price is now at another order block. Should we observe a solid rejection from this level, it could signal a strong continuation downward with momentum toward 2666, which is the next order block below. To confirm this bearish setup, we’ll be watching for clear rejection signs from the current order block before initiating any short positions. Additionally, there was a notable double-bottom trap on the 5-minute timeframe. Price initially formed a double bottom, broke structure (BOS), retraced, and then made another upward move to attract retest buyers. This was followed by a sharp reversal to the previous swing low, sweeping liquidity and aggressively trapping late buyers. This manipulation setup emphasizes the importance of identifying and using these traps as an advantage in trading. Remember, in markets like these, manipulation can look intimidating, but recognizing these patterns can turn them into fuel for strategic trades.
OANDA:XAUUSDShort
by priceactiongold1
#XAUUSDContinue to increase or maintain the adjustment momentum.Market analysis for XAUUSD trading on November 8, 2024: The trading session on Thursday rebounded strongly after a previous drop of 100 points. However, the possibility of gold prices still adjusting downward remains as Mr. Donald Trump is elected and implements new policies. The USD may rise significantly, putting pressure on gold prices to decrease. Today's trading trend: BUY scalp (hold SELL). Key price levels to watch: SELL zone: 2718 - 2725 and 2743 - 2748. BUY zone: 2676 - 2681, 2664 - 2669, and 2632 - 2637. Recommended orders: Plan 1: SELL XAUUSD zone 2723 - 2725 SL 2728 TP 2720 - 2710 - 2700 - 2680 - 2640 Plan 2: SELL XAUUSD zone 2743 - 2745 SL 2748 TP 2740 - 2730 - 2700 - 2640. Plan 3: BUY XAUUSD zone 2635 - 2637 SL 2632 TP 2640 - 2650 - 2660 - 2670.
TVC:GOLD
by ifjugapt
GOLD TRADE 7TH NOV 2024Gold Price Action Analysis (XAUUSD) as observed, gold has been holding at a 4-hour order block and recently broke both minor and major resistance zones. this move provided a significant retracement, filling the fair value gap (fvg) where we entered with solid confirmations, achieving a 1:7 risk-reward. upcoming target and trade outlook: after this retracement, i’m targeting 2727, where another order block resides. with no major levels in between, this presents a clear path if structure holds. major confirmations are already in place; now we wait for a healthy retracement to position for the next potential leg up. note: for more trade ideas like this, please like, follow, and comment. feel free to comment if you’d like live trade updates where i share my entries in real-time.
OANDA:XAUUSDLong
by priceactiongold1
GOLD BUY IDEA 7TH NOVGold Price Action Analysis (XAUUSD) Gold is currently at a critical level, interacting with a 4-hour order block that aligns with a significant resistance zone, which may potentially turn into support. This level offers a strong foundation for observing price behavior. Multi-Time Frame Analysis: 4-Hour (4H) Time Frame: Gold has reached an order block coupled with a resistance zone, suggesting this level may serve as a support if it holds. 1-Hour (1H) Time Frame: We see a bullish engulfing candle, which reflects bullish sentiment. However, the buyers appear trapped after entering long at the 5-minute order block, and also post a minor trend line breakout. Structure & Fibonacci Levels: The break of structure has occurred, with price holding firmly at the 0.618 retracement level. This level is pivotal and may provide a base for a continued bullish push if maintained. Trade Setup: Entry: Consider a buy setup with a break above the 15-minute resistance, followed by a retracement for entry confirmation. Watching the candle close above this level will add further validation. Target (TP1): The initial target could be set at the 5-minute order block level, aligning with the next key area for profit-taking. Stop Loss (SL): If price closes below the minor order block, this could invalidate the bullish setup. Any closure below this level signals potential further downside, but avoid shorting until a confirmed break of the previous swing low. Note: Allow price to develop and await clear confirmation on the 15-minute chart before executing. If the price respects the structure, it may provide high-probability trade opportunities.
OANDA:XAUUSDLong
by priceactiongold1
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
#XAU Donald Trump was elected and the adjustment rhythm of Gold.Market analysis for Gold (XAUUSD) on November 7, 2024: The news of Donald Trump's re-election as President of the United States has had a significant impact on the global financial market. A decrease in gold prices was anticipated, but the drop of nearly 100 points still caused turmoil in the market. It is highly likely that this correction will continue to deepen. Today's trading trend: SELL. Key price levels to watch: SELL zone: 2680 - 2685, 2700 - 2705, and 2712 - 2717. BUY zone: 2632 - 2640 and 2600 - 2605. Recommended order: Plan 1: SELL XAUUSD zone 2683 - 2685 SL 2688 TP 2680 - 2670 - 2650 - 2640 Plan 2: SELL XAUUSD zone 2703 - 2705 SL 2708 TP 2700 - 2690 - 2680 - 2640. Plan 3: SELL XAUUSD zone 2712 - 2714 SL 2717 TP 2709 - 2700 - 2680 - 2640.
TVC:GOLD
by ifjugapt
Gold Trading Strategy for 6th November 2024Gold Trading Strategy: Buy Above 2,751 / Sell Below 2,724 Current Price: 2,733.00 USD Key Levels: Buy Signal: If the price closes above 2,751 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,724 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,733.00 USD, just above the sell signal level. The market is showing signs of bearish momentum, but it's important to monitor the price closely, especially around the 2,700 to 2,725 levels, which could act as support. Recommendations: Buy: If the price sustains above 2,751 on the one-hour candle close, consider entering long positions with targets at 2,760 and 2,780. Sell: If the price breaks below 2,724 on the one-hour candle close, consider short positions with targets at 2,700 and 2,680. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
SHORT TRADE EXAMPLE GOLDMarket Analysis: The asset is exhibiting a clear downtrend, with price action consistently breaking lows while struggling to break any recent highs. A significant demand zone is visible below, indicating a potential target area for a continuation of the current trend. Recent price movements show a trap set for buyers at a resistance level, followed by a confirmed break of a minor support level, which has formed a strong bearish engulfing candle. Trade Setup: We will wait for a retracement to gain a favorable entry. Entry confirmation will be taken on a lower time frame to ensure alignment with the trend. Stop Loss (SL) will be set at the most recent swing high for controlled risk, while the Take Profit (TP) target aligns with the demand zone below. For more in-depth trade logic and strategies, make sure to follow and drop a comment below!
OANDA:XAUUSDEducation
by priceactiongold1