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XAUUSD.P trade ideas

Gold Trend - M-T downtrend is yet to complete ?The downtrend in gold prices continued last week after turning back from the previous week's high of 2726.The decline accelerated after the Fed's interest rate meeting on Wednesday, failing to support at 2630(1) and falling back to a near three-month low near 2585.Then on Friday, US inflation data came down slightly, causing gold to bounce back above 2600 to close the week at 2622 (down $25 from the previous week). As mentioned 2 weeks ago, there will be significant profit taking above 2700 while the year came close to the end. After the Fed's meeting, the market fundamentals began to change again. Fed Chairman Powell indicated that the number of interest rate cuts will be reduced in 2025, from the previously expected 4 times to 2 times; next year's relatively high inflation and high-interest rate environment will bring support to the US dollar while keeping gold prices under pressure. The new U.S. President's tariff policy will be the dominate factor to lead the gold price next year. 1-Hour Chart (Above) > Gold price rebounded after hitting 2583 late last week, forming a S-T bottom. Expect the rebound top near 2650. The market should be relatively quiet this week, take 2580-2650 as the trading range for now until the market develop further this week. Daily Chart (Above) > Gold was rejected by 2700 twice on the daily chart, forming a double top pattern (3). Short selling should control the market as it cleared the support by the double top neckline (3.1) last week. After the current S-T rebound, the downtrend should resume and expected the price to return to around 2540-50 in the next 2 weeks. M-T operating range would be 2535-2730(4). P.To
TVC:GOLD
by 1uptick
XAUUSD will go up 2600 support,2638,2655 upside Target 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%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
Gold is in range : Current Price Action and Intraday Levels We have seen a recent downtrend (Short Period )after hitting a peak. The price has fallen below the previous support area and consolidation range (highlighted in yellow),and currently consolidating (In grey Box)suggesting sideways to bearish momentum. However, the consolidation could also imply that the market might be looking for direction (Wait for break in any direction). Current Price Action: Gold is currently priced at around $2,624.235, which is slightly above the pivot point (P) at $2,624.000. The price has shown a recent decline from the high of around $2,673.453, indicating a bearish sentiment in the short term. Resistance Levels based on Weekly Pivots: R1 is at $2,664.085, which was recently tested and acted as resistance. If the price moves up, this level could act as a resistance again. R2 at $2,704.560 and R3 at $2,744.645 are further resistance levels to watch if there's a strong bullish move. Support Levels based on Weekly Pivots: S1 is at $2,583.525, which is quite close to the current price. If the price breaks below the pivot point, this could be the first support level to watch. S2 at $2,543.440 and S3 at $2,502.965 are deeper support levels where buyers might step in. As discussed in weekly analysis video I am currently waiting for a swing buy opportunity ; and waiting for Lower level in 2550-2530 or Low area , or need confirmation above 2650 if price want to move directly in higher side without testing the lower levels .
OANDA:XAUUSD
by TheGoldenCircle
Gold Trading Strategies for 23rd December 2024Gold Trading Strategies Strategy 1: Breakout Strategy Buy Above: Enter a buy position above the high of the 15-minute candle that closes above 2636. Upside Targets: 2650, 2665, 2680 Sell Below: Enter a sell position below the low of the 15-minute candle that closes below 2611. Downside Targets: 2600, 2587, 2570 Strategy 2: Support Zone Buy Strategy If the price trends lower from 2625: Buy Between: 2610-2616 Stop Loss: 2604 Targets: 2625, 2635, 2650 Strategy 3: Resistance Zone Sell Strategy If the price trends higher from 2623: Sell Between: 2635-2645 Stop Loss: 2655 Targets: 2625, 2615, 2600 Summary: Breakout Strategy: Utilizes the breakout levels of 2636 for buying and 2611 for selling based on the 15-minute candle close, with defined upside and downside targets. Support Zone Buy Strategy: Focuses on buying in the support zone of 2610-2616 with a stop loss at 2604, targeting 2625, 2635, and 2650. Resistance Zone Sell Strategy: Targets selling in the resistance zone of 2635-2645 with a stop loss at 2655, aiming for targets of 2625, 2615, and 2600. These strategies provide a comprehensive approach to trading gold, incorporating different market conditions and defined targets. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
1
GOLD TRADING POINT UPDATE >READ THE CAPTAINBuddy'S dear friend 👋 Gold Trading Signals 🗺️🗾 Update Gold Traders SMC-Trading Point still holding Short Trade list week already done good profits 💰 ready for new week analysis setup Gold Traders Gold rejected point below 👇 trend 📉 2725 below 👇 2648 closed 🔒 market. Today night market open 👐. 4H Close below 👇 2640 Next target we'll see 2600.! ? Wait for closing below 👇 that entry open Short Trade. 2648 ba ck up trand 2675 2678 again for short trade entry. Let's do update every day 🙂 Small target we'll see 2620 Short long time Trade 2481 analysis target 🎯 Resistance level 2675 2678 Support 2628 - 2600 2481 Mr SMC trading point Support 💫 My hard analysis Setup like And Following me 🤝 that star ✨ game 🎯
OANDA:XAUUSDShort
by SMC-Trading-Point
2
Why to buy Gold...As shart shows 3 Red- 1 green 2 red - 1 green 1red - 1 green we can expect. If gold want to go down then to make M pattern, it will go up If gold want to go up then also it will go up... Look very childish and simple But keep it simple We can expect 2693 and 2743 coming probably till 13th january. Our view will be absolutely wrong if gold gives day closing below 2615 Or it goes below 2603 anytime. For gap down opening more than 12 dollars on monday will also break upmove. Gold shall open on monday @2632 Then low of 2620~2622 and then back on upmove.
TVC:GOLDLong
by chinmaywakode
3
XAUUSD holding buy from 2606 ,2655,2670 Target 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 : 50) Target 2- (T2 : 61 %) Target 3-  (T3 : 78%) Target 4-  (T4 : 100%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader
Gold trading strategy on Friday, December 20U.S. Data Strengthens Market Expectations for the Federal Reserve's Cautious Approach to Policy Easing Next Year Recent data has reinforced market expectations that the U.S. Federal Reserve (Fed) will adopt a cautious approach to policy easing in the coming year. Earlier reports showed that the U.S. economy grew faster than expected in Q3 2024, while unemployment claims also saw a significant decline compared to forecasts. The robust economy and inflation risks, including tariffs and spending cuts, reaffirm that the Fed has little reason to take aggressive action. This traditionally is not favorable for gold, a non-yielding asset. Investors are awaiting the release of the core Personal Consumption Expenditures (PCE) data on December 20, the Fed's preferred inflation gauge, for further clues about the economic outlook. In today’s trading session, investors will focus on the crucial PCE inflation data, which will determine whether gold will recover strongly to the 2.63x - 2.65x region or drop deeper to the 2.55x - 2.53x range. The answer will be revealed later today, with a slight increase expected compared to the previous report. For now, it is advisable to consider buying in the Asian and European sessions first, with the PCE data to be considered later. Thus, the recommendation is to buy with targets at 2.605 - 2.607, 2.610 - 2.612, and possibly 2.615 - 2.617. Afterward, a sell position can be considered on a pullback with a target of 5-10 points. In the European session, if gold continues to trade around 2.59x at the start of the European session, the buy strategy remains valid. However, if gold falls and closes a candle at 2.58x, the situation should be reconsidered. At that point, a sell position may be initiated earlier with a target of 5-10 points. Trading Plan: BUY ZONE: 2591 - 2589 SL: 2585 TP1: 2600 TP2: 2605 SELL ZONE: 2621 - 2623 SL: 2627 TP1: 2610 TP2: 2600 Gold is rebounding quickly after China’s decision to maintain interest rates, following the Fed’s signals that rate cuts may be less aggressive. => There is a possibility of further gains, but it is not recommended to chase buys. Waiting for a light pullback would be a more prudent strategy.
OANDA:XAUUSDShort
by KevinNguyen-SimpleTrade
Gold Prices Drop Under Pressure From US Economic DataOn the 4-hour chart, gold prices have just experienced a sharp decline, currently trading around $2,602/ounce, after falling sharply from a recent high of $2,659/ounce. This weakness comes from the stronger-than-expected US retail sales data, reaching 0.7%, increasing the possibility of the Fed delaying its interest rate cut plan. Currently, gold prices have fallen deeply below both the 34-EMA and 89-EMA, indicating that the short-term downtrend is dominant. The nearest important support zone is located at $2,580, and if this level is broken, the price may continue to decline to the $2,550 area. On the contrary, the current important resistance zone at $2,620 will need to be overcome to create recovery momentum. I believe that gold prices will continue to face downward pressure in the short term, with the possibility of testing the support zone of $2,580. However, the upcoming FED meeting will play an important role in determining the long-term trend. Investors should carefully monitor the signals from the market.
OANDA:XAUUSD
by lilybyred
Gold Still Looking weak Gold prices have shown weakness, with the market currently positioned below key resistance levels, suggesting a bearish outlook in Intra day. The immediate resistance is seen at the previous support level around 2620-2625, which may act as a psychological barrier for the price to overcome. Immediate Resistance: 2620-2625 - This level has previously acted as support but now could serve as resistance. A move above this could signal a potential short-term recovery. Immediate Support: 2588 - This level corresponds to the close on FOMC day, representing a critical support area where buyers might step in if the price tests this level again. If gold fails to hold above the FOMC day close, there's a risk of further downside also 2580 level acting as a key trendline support, where a failure could lead to more significant declines. The next significant support to watch is around 2568 or a potential move towards 2569 (Fib extension 0.618) if current trends persist, and further levels down to 2537 (November's low), which is a high volume node where buying interest might re-emerge. A break below this could lead to further declines, targeting lower supports; For a bullish signal, gold would need to convincingly close above 2650 if it reverse without breaking 2588 on day close.
OANDA:XAUUSDShort
by TheGoldenCircle
Gold Trading Strategy for 20th December 2024Trading Strategy Key Levels: Buy Above: The high of the 15-minute candle that closes above 2606 Sell Below: The low of the 15-minute candle that closes below 2583 Support and Resistance Levels: Resistance: 2616, 2634, 2652 Support: 2573, 2555, 2530 Strategy Details: Buy Signal: Enter a buy position above the high of the 15-minute candle that closes above 2606. Sell Signal: Enter a sell position below the low of the 15-minute candle that closes below 2583. 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. Additional Tips: Monitoring: Continuously monitor the 15-minute chart for clear buy or sell signals. Risk Management: Always use stop-loss orders to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact prices. Disclaimer: This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
OANDA:XAUUSD
by ramkkyy
XAUUSD 2575-2570 fall possible then reversal 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 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 : 50) Target 2- (T2 : 65 %) Target 3-  (T3 : 78%) Target 4-  (T4 : 100%) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSD
by JaiPrakashShuklaHarmonicTrader