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Gold Spot / U.S. DollarGold Spot / U.S. DollarGold Spot / U.S. Dollar

Gold Spot / U.S. Dollar

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XAUUSD trade ideas

XAUUSD bearish breakdownThis chart displays the 1-hour timeframe for Gold Spot against the U.S. Dollar (XAU/USD). The price action shows a potential breakdown of a key ascending trendline, indicating a bearish bias. Key features include: 1. **Key Resistance Zone:** Around $2,665–$2,675, which rejected the recent bullish attempt. 2. **Trendline Breakdown:** The price appears to have broken below the trendline, signaling a potential downward move. 3. **Bearish Target Zones:** Highlighted below $2,640, with a projection for further declines towards the $2,620–$2,600 range. 4. **Bearish Continuation Pattern:** The dashed path suggests a retest of the breakdown area before continuing lower. The chart suggests traders should watch for confirmations of bearish momentum or potential rejection near resistance levels before further declines.
OANDA:XAUUSDShort
by harshkjogadia
GOLD ANALYSIS 2ND DECAnalysis on Gold’s 30-Minute Time Frame In the 30-minute time frame for gold, we observe a few critical confluences shaping the price action: 1. Trendline Confluence: A visible trendline provides our first area of interest, indicating potential support or resistance. 2. Demand Zone and Traps: Price is expected to move into the demand zone, likely trapping buyers within this zone before filling the Fair Value Gap (FVG). This behavior aligns with the typical structure of price action in such setups. Key Observations: • The overall momentum suggests upside continuation, as we notice: • A break of structure without a breach of significant lows. • Price action consistently breaking structures, retracing to demand zones, trapping buyers, and then continuing upward. • In the current scenario: • Price rejected from supply, broke local lows, and is heading toward the demand zone. • Upon reaching the demand zone, we anticipate: • A spike to attract buyers. • A stop-loss hunt, trapping the demand buyers. • Filling of the FVG before resuming upward momentum.
OANDA:XAUUSDLong
by priceactiongold1
Gold--> Trade inside from channel boundaryHi guys, Gold prices inched slightly higher to $2,650 following a breakout, spurred by political headlines, but the broader fundamental landscape remains clouded with uncertainty. Market liquidity is notably thin today due to the Thanksgiving holiday in the United States, leaving the market ripe for sudden volatility. Geopolitical tensions continue to play a pivotal role, with the ongoing Russia-Ukraine conflict maintaining a strong grip on sentiment. Adding fuel to the fire, U.S. President-elect Donald Trump’s proposed tariffs on Canada and Mexico are creating ripples across the market. “This has amplified concerns about potential fallout for these two nations, which in turn provides a key layer of support for gold,” analysts highlight. However, any push to elevate gold prices could face significant headwinds. Trump’s tariff policies, while unsettling, are seen as potential inflationary catalysts, which might force the Federal Reserve to rethink its trajectory of interest rate cuts. This tug-of-war keeps gold traders on edge. From a technical lens, gold is caught in a sideways grind. Traders are eyeing a local H1 channel between $2,660 - $2,618, with the broader D1 range extending from $2,690 (or $2,710) - $2,605. At this juncture, gold seems to be gravitating toward liquidity clusters above current levels. A potential false breakout at key resistance zones, followed by price consolidation in sell-heavy areas, could spell a sharp pullback toward the lower boundary of the sideways range. For savvy traders, this moment is not just about watching the charts but anticipating the narrative. A delicate interplay of technical setups and geopolitical uncertainties makes every move in the gold market an opportunity wrapped in risk. Will gold reclaim higher ground, or will it succumb to the gravitational pull of its range-bound rhythm? The answer lies just beyond the next breakout—or breakdown.
OANDA:XAUUSDShort
by Bo-Samson
Gold: Turning Point at $2,650, Recovery or Bearish?On the 1-hour chart of gold, we are witnessing a crucial point as the price is trading close to the 34 EMA and 89 EMA, both of which are forming an area of ​​technical support around $2,650/ounce. The convergence of these two EMAs, combined with the current price, provides an indication that the market may be in a decisive phase. Technically, if the gold price holds and starts to recover above this support level, it will confirm stability and the potential for a short-term rally, towards the next resistance level. Conversely, a clear and sustained break below $2,650 could open a new bearish trend, sending the price further down, testing lower support levels. Based on the current moves and market structure, my personal view is that gold prices are likely to see short-term stability above the EMAs, setting the stage for a mild recovery.
OANDA:XAUUSD
by Maria_aaa
Gold levels making flag ,read description to take tradesDisclaimer - 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 : 100 %) Target 6- (T6 : 123.6 %) Target 7- (T7 : 138.2 %) Target 8-  (T8 : 150 %) 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
Today's analysis of goldToday's analysis of gold, focusing on testing the pressure of the 2670-2650 range Four-hour cycle: Gold fluctuated and bottomed out, and with the opening of the Asian session, it continued to rise strongly (1): Pressure of the oscillation center: 2663 (2): Pressure of the 20-day moving average: 2662 Summary: When the K-line stands firm near 2660, it continues to be bullish Strategy reference: Buy: 2660 SL: 2650 TP1: 2670 TP2: 2680 TP3: 2700 TP4: 2720 Note/Key test: Pressure of the 2650-2655 range After intraday cycle analysis, if this wave of rise stands firm at 2660, it is likely to rise to 2700-2720 next This will most likely be the limit of the current increase expectations. Then the macro short-selling strategy: we set the maximum stop loss near 2720, and the short-selling price range is 2700-2720 If it returns to below 2650, then the gold rise will fail here and turn to shock again. Then the short-term short-selling strategy: Strategy reference SELL: 2655-2660 SL: 2665-2675 TP1: 2630 TP2: 2620 TP3: 2605 TP4: 2600 Note/Key test: Pressure in the 2670-2650 range Next, we will continue to follow up on the market, and I will feedback the latest signals at the bottom of the article as soon as possible Thank you for your subscription
FOREXCOM:XAUUSD
by G-Janaya
GOLD → Controversial fundamental background. What's next?OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars, geopolitical risks, expectations that the Fed will cut rates by another 25 basis points in December, recently declining US bond yields, and the USD falling overnight to a two-week low. However, ahead of the upcoming macroeconomic news from the US, namely PCE and GDP, after a relatively quiet news week, volatility is likely to be unpredictable. The question now is whether the downward momentum will continue as the price reacts to a critical support zone. Technically, gold remains range-bound and is heading towards areas of interest from which a retracement could form. But this reaction also partly depends on the news.... The focus is on the imbalance zone, fibo 0.618 and fibo 0.5. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
OANDA:XAUUSDShort
by Bo-Samson
2
Gold Stabilizes Amid Policy and Inflation WaitLooking at the 4-hour chart of gold, we can see a sideways trend in recent trading sessions, especially during the Thanksgiving holiday when the market lacked strong transactions. The stability of gold prices at $2,636/ounce reflects investors' waiting for new signals from the market and policymakers. The highlight of the chart is the current support and resistance levels. Gold is trading below both the 34 and 89 EMAs, indicating downward pressure, although not too strong. The recent crossover of these two EMAs suggests some price instability, but not enough to determine a clear trend. In the current context, there are a number of macro factors affecting gold prices that investors should pay attention to. First, expectations of a Fed rate cut in 2025 based on PCE data showing slowing inflation could weaken the USD and support gold as a safe-haven asset. Second, concerns about new tax policies from the Trump administration could create uncertainty in financial markets, making gold more attractive as a safe-haven option. Personally, I think gold is likely to remain stable or slightly increase in price in the short term, reflecting its role as a hedge against risk in the current environment.
OANDA:XAUUSD
by Maria_aaa
Gold Trading Strategy for 29th November 2024Gold Trading Strategy Based on your updated strategy: Buy above 2650 Sell below 2620 Current price: 2637.600 Factors to Consider Market Trends: Monitor recent market trends, including global economic conditions, geopolitical events, and market sentiment. Economic Indicators: Key indicators such as inflation rates, interest rates, and the strength of major currencies (especially the US dollar) can significantly impact gold prices. Supply and Demand: Fluctuations in gold's supply (e.g., mining output) and demand (e.g., jewelry, industrial use, and investment) influence prices. Central Bank Reserves: Central banks buying or selling gold can affect market dynamics. More purchases typically push prices higher. Technical Analysis: Utilize chart patterns, support and resistance levels, and technical indicators like moving averages to identify potential trading opportunities. Example Analysis Given the current price of 2637.600: Buying above 2650: If the price exceeds 2650, it may suggest bullish momentum, potentially driven by factors such as economic uncertainty or increased investment demand. Selling below 2620: A decline below 2620 might indicate bearish sentiment, possibly due to stronger economic data or rising interest rates. Disclaimer Trading in financial markets involves significant risk and can result in the loss of your invested capital. It is crucial to conduct thorough research and consult with a financial advisor to understand the risks and develop a sound strategy.
OANDA:XAUUSD
by ramkkyy
Gold in range if break 2650 then buy if break 2630 then sellDisclaimer - 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:XAUUSD
by JaiPrakashShuklaHarmonicTrader
Gold on Buying Zone again. but consolidation phase is on yetPositive delta on negative candles = 1st proof of buyers on accumulation zone. 5 days of past week all on buyers interest as net positive delta count on candle close. this week 1 single candle showing 50$ + selling candle shows buyers booking profit and sellers trying to add new selling pressure on Monday. but post Tuesday, we see positive delta on candle close on daily basis this again shows, buyers entering accumulation zone, with prices on consolidation zone. Buy side opportunity is seen with high priority.
PEPPERSTONE:XAUUSDLong
by XAUUSDANALYST
1