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GOLDCFD trade ideas

Strong Delta Formation @ previous support zoneToday, gold prices are undergoing a correction after reaching an all-time high of $2,708.70 on October 1, 2024. As of today, the price has dropped to around $2,640.60, marking a decline due to several influencing factors. The primary economic factor driving this correction is the strength of the U.S. dollar, which has become the preferred safe-haven asset amid ongoing geopolitical uncertainties. Additionally, shifting expectations around Federal Reserve interest rate cuts have influenced gold prices. While markets initially expected a 50-basis-point cut in November, current projections favor a smaller 25-basis-point cut. This change reduces the appeal of non-yielding assets like gold, leading to price declines. However, despite this pullback, many analysts remain bullish on gold in the medium to long term. The underlying factors supporting gold's recent rally, such as economic uncertainty, geopolitical tensions, and inflation concerns, are still present. As such, any further weakening could present buying opportunities for investors looking to re-enter the market.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold Surges Amid North-South Korea TensionsIs everyone ready to explore the latest developments in the gold market? Let’s dive in with Alisa! The global gold price has experienced a highly volatile trading session. Rising geopolitical tensions between North and South Korea have swiftly reversed the situation, pushing gold prices back up. The event of Pyongyang accusing Seoul of airspace violations has heightened concerns about a potential conflict, prompting investors to seek gold as a safe-haven asset. Gold is currently trading around $2,666 per ounce, moving upward in a rising price channel. While short-term fluctuations are possible, with strong support at $2,660, gold is forecasted to maintain its upward momentum and aim for the $2,680 target in the near future. With the current complexities of the market, investing in gold could present attractive profit opportunities. However, careful consideration and a clear investment plan are essential before making any decisions.
OANDA:XAUUSD
by Alisa_Rokosz
All eyes on GoldAs discussed in yesterday's update gold is still looking good to more higher and gold is following that statement perfectly , as you can see on hourly chart after a small pullback in yesterday trading session gold price took support at weekly pivot (2640) and after that price moving in higher side, for today also the CPR relation is positive and gold price is taking support on CPR area and we can expect continuation in higher side , weekly R1 is at 2677 and at that level we can expect another small pullback and then price can continue in higher side towards 2685 or higher level, there is no sign of good reversal so we have to wait for higher levels for any selling opportunities , the only limiting factor that currently stopping the gold bulls is strong dollar Index chart, but I think DXY is also due for correction which can help gold bulls to make a good move in higher side : overall the scenario is still favourable for buying on Intraday .
OANDA:XAUUSDLong
by TheGoldenCircle
1
BTC & Gold Price Action Analysis | Key Levels and Trade SetupsIn today’s video, I dive into the latest price action analysis for Bitcoin (BTC) and Gold. We’ll be breaking down key support and resistance levels, identifying potential breakout zones, and discussing trade setups you can keep an eye on. Thank you for watching! If you found this analysis helpful, don’t forget to like the video and subscribe to the channel for more in-depth market analysis and swing trade ideas. Your support helps me continue bringing you high-quality content every week! Feel free to share your thoughts in the comments below and let me know which asset you’re keeping an eye on this week. Happy trading! #BTC #Gold #PriceAction #TradingAnalysis #Forex #SwingTrading
OANDA:XAUUSD
by Alzubair_fx
Gold XAUUSD sold at 2652 Target 2635,2615, 2596Disclaimer - 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 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDShort
by JaiPrakashShuklaHarmonicTrader
GOLD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 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 better trader thank you
FX:XAUUSDShort
by tradergyan01
6
Gold : Still looking goodDespite the strong Dollar Index gold doing good and currently trading near to All time high and still looking good to go higher, on technical basis also, If we watch the daily CPR formation , CPR is ascending for today also + gold price trading above weekly pivot (2640),So technically the price is still favourable for bulls and we can expect continuation in higher side as per this formation, yesterdays decline/ correction was not convincing enough for bears and I think it is normal corrective structure after a bullish structure and this correction can add more fuel for incoming bullish structure at least towards 2685. In Lower side we have to watch weekly Pivot as major Level for continuation or reversal point .
OANDA:XAUUSDLong
by TheGoldenCircle
Gold loses momentum: Will it drop further?Hello everyone. Today, let’s join Alisa in predicting gold prices! Gold prices have plunged under pressure from several unfavorable factors. The strengthening U.S. dollar has made gold less attractive compared to other assets, prompting investors to exit the gold market. At the same time, the strong recovery of the U.S. stock market, with significant gains in major indices such as the Dow Jones, Nasdaq, and S&P 500, has attracted investment flows, adding further pressure on gold prices. Gold is facing downward pressure at the $2,650 per ounce level on the 4-hour chart, dropping $15 per ounce compared to the previous session's peak. The strong resistance level at $2,660 per ounce is limiting the rise of this precious metal. If it fails to break through this resistance, gold prices may reverse and retest the support area around $2,607 per ounce. What about you? Do you think gold will go up or down?
OANDA:XAUUSD
by Alisa_Rokosz
Gold Fueled by fear not for buying volumesToday, gold is showing strong upward momentum, fueled by multiple factors. Geopolitical tensions, particularly in the Middle East, have increased gold's appeal as a safe-haven asset. The ongoing conflict between Israel and Hamas has escalated, pushing investors toward gold, which is seen as a stable store of value during times of uncertainty. In addition, central banks, especially in China and the Eurozone, are adopting more dovish monetary policies, which further support gold prices by keeping interest rates low and driving demand from investors looking for alternatives to low-yield assets. Technically, gold has broken significant resistance levels. Prices are currently hovering around $2,685 and are expected to test the $2,700 mark soon. Analysts suggest that if gold sustains its price above $2,685, it could rally to $2,735 in the coming days. However, a pullback to around $2,625–$2,650 is possible if short-term exhaustion sets in, offering potential buying opportunities. From a supply perspective, production challenges in major gold-producing countries like the U.S. and Australia are adding to bullish sentiment. With declining output and limited exploration activities, the long-term outlook remains favorable for gold prices​. In the near term, traders should monitor geopolitical developments and central bank policies closely, as these are the key drivers influencing gold's trajectory.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold Price: Will It Continue to Soar or Plateau?Hello everyone, it's Alisa here. Today, let's analyze the gold price together! Will it rise or fall? The gold market has experienced a highly volatile week with unpredictable developments. Pressure from geopolitical tensions and U.S. economic data caused gold prices to fluctuate. However, a wave of hope regarding the Fed adjusting its monetary policy helped gold recover strongly by the end of the week. The upward momentum has continued into the start of this week and is expected to maintain its stability in the new week. Looking at the technical chart, gold is hovering around the 2,664 level. The price of this metal remains in an uptrend. With support at 2,645, gold is expected to be supported and rise, breaking through the key resistance level of 2,663 and aiming for a new target. This is my thought, what about you? What do you think?
OANDA:XAUUSD
by Alisa_Rokosz
Gold if break Friday high then upmove will continue 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 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader