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Gold Trading Strategy for 6th January 2025Gold Trading Strategy Key Levels: Buy Above: The high of the 1-hour candle that closes above 2648 Sell Below: The low of the 15-minute candle that closes below 2631 Targets: Upside Targets: 2655, 2665, 2680 Downside Targets: 2632, 2616, 2609 Strategy Details: Buy Signal: Enter a buy position above the high of the 1-hour candle that closes above 2648, aiming for targets of 2655, 2665, and 2680. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2631, aiming for targets of 2632, 2616, and 2609. Trailing Stop-Loss: Use a trailing stop-loss to manage risk and protect your capital. Book Profits: Regularly book profits at the specified resistance and support levels. Disclaimer: This strategy is based on historical data and technical analysis. Past performance is not indicative of future results. Trading involves risk, and you should only invest money that you can afford to lose. Always conduct your own research or consult with a financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
Gold 01.07,continues to be profitable and has a strong uptrendReshaping Strategy Following Trump’s Statements and the Strong Volatility in GOLD Fake news caused market chaos at the start of the week: The talk of Trump easing tariffs was not an official statement from Trump himself but rather a report by WaPo (Washington Post). It appeared as though WaPo "put words in Trump's mouth," steering public opinion in their favor. From Trump's statements, the following key points can be derived: Key Points: Trump suggests lifting Biden's oil drilling ban: U.S. oil producers are likely to return to the market more strongly. A significant drop in oil prices can be expected. Inflation could be better controlled, which is favorable for GOLD. Trump denies the WaPo report: While Trump denied the WaPo report, it doesn’t carry much weight as the report wasn't based on his actual statements. Trump's tariff plan remains intact. This back-and-forth between WaPo and Trump caused strong and unexpected volatility in the GOLD market. Trump made no mention of tariffs in his latest remarks: Current tariff policies do not place pressure on GOLD. This is considered a stabilizing factor for GOLD. Admin maintains a bias toward a rebound in GOLD. Wait for a slight pullback in GOLD prices to look for new buying opportunities. Market Environment and Developments: DXY (Dollar Index): Slight decline after the PMI data release. Fed Official Cook: Suggests reducing interest rates to neutral levels is appropriate. Trading Strategy: BUY SCALP ZONE: 2624 - 2622 SL (Stop Loss): 2620 TP (Take Profit): 2630 - 2636 - 2640 SELL SCALP ZONE: 2656 - 2658 SL (Stop Loss): 2661 TP (Take Profit): 2652 - 2648 - 2645 BUY ZONE: 2615 - 2613 SL (Stop Loss): 2608 TP (Take Profit): 2620 - 2624 - 2630 - 2638 - 2644 - ??? SELL ZONE: 2662 - 2664 SL (Stop Loss): 2668 TP (Take Profit): 2658 - 2654 - 2650 The current price is fluctuating between both ends within a large range. Yesterday, we captured nearly 300 pips with the two BUY/SELL zones outlined in the admin’s plan. Today’s price is awaiting news, making predictions challenging. Please refer to the zones noted in the plan and analyze the chart to optimize your trades. Note: Always set TP (Take Profit) and SL (Stop Loss) to protect your account. Good luck!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
XAU/USD - Gold about to give 20 dollars move?Key Observations: 1. Trendline Breakout: - The price has broken above a descending trendline, signaling a potential bullish reversal. 2. Demand Zone: - A strong supply/resistance zone is evident around $2,639–$2,644, which has acted as a base for the breakout. 3. Bullish Trade Setup: - A long position can be taken, if the price breaks out of resistance zone and retests, targeting the following levels: - Target 1: $2,649.53 - Target 2: $2,657.36 - Target 3: $2,664.13 - Target 4: $2,668.70 - Stop-Loss: Below $2,639.65. 4. Alternate Bearish Scenario: - If the price re-enters below the demand zone and fails to sustain the breakout, bearish momentum could push the price toward lower levels near $2,627.50. --- Trading Scenarios: 1. Bullish Continuation: - If the price holds above $2,646, there is a strong likelihood of testing higher resistance levels up to **$2,668.70**. 2. Bearish Rejection: - A move below $2,636.5 could invalidate the bullish scenario, indicating a potential retest of lower supports. --- Always use proper risk management when executing trades. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
OANDA:XAUUSDLong
by PhD_Swingtrader
Gold retreats after rising Gold prices have seen a significant pullback from recent highs and are now trading between key Fibonacci retracement levels. The key retracement levels of prices from previous highs to lows include: 23.6% ($2,617.15), 38.2% ($2,638.02), 50% ($2,654.88) and 61.8% ($2,671.74). The price is currently hovering around the 38.2% level and showing some signs of support. After a period of decline, the price rebounded after hitting a low on January 19, and then formed a symmetrical triangle consolidation structure. After the breakthrough, the price entered the rising channel but showed some correction pressure in recent days. From the short-term trend, despite the current correction, the overall upward trend has not been broken. Combined with the previous trend, the market may stabilize in the current support range (around $2,638) and try to test the 50% Fibonacci retracement level ($2,654.88) or even higher resistance again. But if the market continues to fall, the lower side will fall back to the previous wide adjustment range. Long trading suggestions: Aggressive strategy: You can try long orders near $2,638, and set the stop loss below the key support ($2,617). Conservative strategy: Wait for the price to break through $2,655 to confirm the continuation of long positions, and the target can be seen at $2,672. Short trading suggestions: Aggressive strategy: You can try short orders near $2,654, and set the stop loss above the key resistance ($2,671). Conservative strategy: Wait for the price to break through $2,630 to confirm the continuation of short positions, and the target can be seen at $2,617. At the same time, it is necessary to pay close attention to the impact of fundamental factors on gold prices, such as changes in the US dollar index and global macroeconomic data.
FOREXCOM:XAUUSD
by RonPeter_Trading
XAUUSD sell on rise SL 2666 downside Target on chart 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 30 % )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%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
1
GOLD TRADING POINT UPDATE > READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade now 4H Time Frame 🖼️ candle test supply zone 2647 looks great patterns technical analysis Short Trade now List time post signals 🚀 Hit 400+ pips profits 2025 Xau USD ?! What is your target 🎯. SMC-Trading Point looks 2000 good fall Small target we'll see 2606 Analysis target 🎯 2537 2482 Resistance level 2647 2656 2680 Support level 2620 2606 2537 2482 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎯
FXOPEN:XAUUSDShort
by SMC-Trading-Point
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7 RISK REWARDXAUUSD SHOWING A GOOD DOWN MOVE WITH 1:7RISK 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:XAUUSDShort
by tradergyan01
XAUUSD sell given below 2653 ,2640 Target hit sell on rise 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 30 % )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%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
GOLD strategy at the end of the week 17/01/25The US market closed in the red, with spot gold prices rising to their highest level, following the trend we've been monitoring since the beginning of the year. The decline in US Treasury yields caused the US stock market to end the session in the red, as major indices all dropped due to cautious investor sentiment ahead of upcoming economic policies from the new administration. US government bond yields fell as investors expect the Fed may cut interest rates this year if economic data continues to weaken. The DXY index maintained a slight downward trend, closing at 108.97, pressured by the expectation that the Fed might reduce interest rates if the US economy weakens further. USD/JPY dropped to 155.2, its lowest level in nearly a month. As we have previously analyzed, our view on gold’s upward trend has been accurate, but we should not become complacent with the successes of the past few days. As mentioned earlier, geopolitical issues in conflict areas are being addressed, and agreements have been made to prevent further escalation. This could be a significant signal that gold may no longer have the same appeal for investors, and the slight decline in the DXY (USD) is merely a part of adjustments for upcoming financial plans under the new President Trump. Therefore, it is important to closely follow the trend and manage positions wisely, avoiding stubbornness in such times. Trading Strategy Important Resistance Zones: 2724 - 2732 - 2755 Important Support Zones: 2710 - 2702 - 2660 BUY ZONE: 2702 - 2700 SL: 2695 TP: 2706 - 2710 - 2714 - 2720 - 2724 - ???? BUY ZONE: 2694 - 2692 SL: 2688 TP: ???? SELL ZONE: 2723 - 2725 SL: 2728 TP: 2720 - 2717 - 2715 - 2711 SELL ZONE: 2745 - 2747 SL: 2750 TP: 2742 - 2738 - 2735 - 2732 Today is Friday, and with volatility often increasing towards the end of the week, traders should be cautious with the US session. For Asia and Europe, just follow your view, but always adhere to TP/SL to protect your account balance. Have a great Friday!
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Gold Bearish Wolf Wave & Alt Bat Harmonic Sell Setup: TP 2660, SThis analysis identifies a bearish Wolf Wave formation and an Alternate Bat Harmonic pattern, signaling a potential reversal in gold prices. The trade setup is supported by additional confluence with the R1 Pivot Point Indicator and an ICT Resistance Zone, enhancing the credibility of the bearish outlook. Key highlights: Wolf Wave Pattern: The bearish Wolf Wave projects a reversal from the ICT resistance zone, aligning with the R1 pivot level at 2725. Alt Bat Harmonic: The completion of the Alternate Bat pattern near the 2725 resistance area further validates the potential for a downside move. ICT Resistance Zone: Institutional price levels coincide with key technical indicators, confirming strong resistance near 2725. Target Profit & Stop Loss: TP: 2660 (based on harmonic projection and Wolf Wave target). SL: 2725 (above the resistance zone and harmonic invalidation level). This setup provides a high-probability sell opportunity with precise entry, exit, and risk management levels.
OANDA:XAUUSDShort
by HFCElite