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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

Gold Trend - Profit taking will dominate before the year's endDespite the initial drop on Monday, the gold price was relatively quiet last week. The price shot up to around 2710 due to all the geopolitical tensions the week before. But then, it quickly retreated after an uneventful weekend. The risk premium dramatically reduced as the Asian market opened on Monday, leading to gold prices falling below 2700 early in the session. During the U.S. trading session on the same day, Trump announced the preliminary tariff policies on China, Canada, and Mexico via social media. The market anticipated a continued high-interest environment in the U.S. until 2025, exerting pressure on gold prices once more, causing them to dip below 2650(1). Gold prices stabilized thereafter, with a holiday atmosphere prevailing, prices rebounded throughout the week, closing near 2650. Gold prices experienced significant fluctuations in the past couple of weeks due to the Russia/Ukraine and Israel/Palestine situations. However, as tensions ease, the upward momentum for price has waned. Heading into the final month of 2024, the gold market continues to be influenced by profit-taking sentiments, as the number of open interests in COMEX gold futures dropped, from 560,000 in early November to 450,000 last Friday. Unless there are significant changes in the fundamentals, gold prices are expected to keep consolidating. This week, the focus will be on Friday's US employment data, with market expectations suggesting a rebound in non-farm payrolls to 200,000. Gold prices are likely to face some pressure before the data is released. 1-hr chart(above) > Early in the Asian session today, the S-T trend turned bearish as the gold prices dipped below the support line(2). Strong selling resistance appeared near 2665 at the end of last week, suggesting initial operations within the 2600-2665(3) range. If this week's US job data performs well in the latter part of the week, the gold price may once again visit below 2600. Daily chart(above) > The overall trend for gold prices continues to adjust towards the 2600 mark, as mentioned last week. The significant selling pressure on Monday (4) is expected to continue influencing the S-T direction. The daily chart range is set between 2605-2665, and if there's a downward breakout later this week, the downside target could be set around the 100-day MA near 2574 (6). If you like our analysis, please give us a thumbs up 🚀! P.To
TVC:GOLD
by 1uptick
Gold --> Interest in this metal is growingGold continues to hold strong as the dollar faces a correction, with liquidity gradually diminishing. Friday’s trading in the US could play a pivotal role in shaping market dynamics. On the H1 timeframe, gold remains firmly within the boundaries of a local bullish channel, driven by the dollar's weakness, which stems largely from the ongoing inflationary environment. Adding to this momentum, the Federal Reserve's dovish stance on interest rate policy continues to act as a tailwind for gold prices. However, this factor appears to be taking a backseat for now. Meanwhile, the market spotlight is shifting toward the policies of the new US administration, which are expected to bring significant changes to the global economic landscape. These shifts could push central banks to bolster their gold reserves, potentially igniting a surge in central bank gold trading activity. With the fundamentals aligning for a bullish trend—supported by an ascending channel and strong macroeconomic factors—buying opportunities dominate the strategy. Ideal entries lie around the support zone (aligned with FVG levels) or upon a confirmed breakout above the resistance level. Price targets? Gold's climb toward 2678 and 2694 is drawing closer, signaling an exciting rally ahead!
OANDA:XAUUSDLong
by Bo-Samson
4
How to Navigate Gold Investments in the Current Context?In recent days, gold prices have seen a significant decline, currently at $2,630/ounce, down to $18. This reflects clear pressure from investors as they see that US inflation is not yet "hot" enough to expect an early interest rate cut from the Fed, although the core personal spending index has increased by 2.8% over the past 12 months. In correlation with strong economic indicators and current geopolitical sentiment, gold may no longer be the safe haven it has always been. Looking at the chart, it is clear that gold prices are struggling to maintain the important support level at $2,640, which was clearly broken in the recent trading session. Technical analysis shows that gold is trading below both the 34 EMA and the 89 EMA, which suggests that the short-term downtrend could continue. However, this also opens the door for a price recovery if there are unexpected positive economic signals. My personal short-term view is that gold prices may continue to be under downward pressure. Stronger-than-expected US economic data and no signs of a change in the Fed's monetary policy are the main factors that are putting pressure. However, in the long term, I remain optimistic about the value of gold as a safe investment, especially in the context of central banks around the world such as Poland and Hungary actively buying gold as a hedge against geopolitical uncertainties.
OANDA:XAUUSD
by Maria_aaa
Gold Trend Forecast for Next Week (December 2 - December 6)🕯 Gold Trend Forecast for Next Week (December 2 - December 6) 🔽Last week, gold fell $115 from its peak due to geopolitical and economic reasons, the PCE index increased and the Dollar Index increased sharply, causing the gold market to be distributed by PTCB. However, the increasing instability in Russia, Ukraine and the continuous violation of the agreement of ISRAEL LEBANON ... still support the Gold Tiger to increase quite positively for next week. Jobs The closing price of the week's gold price is still above 2650, showing a very large increase in the prospect of gold next week! But before increasing again, gold can still retest the 2645 area, even 2633, to gain momentum for the upcoming increase. In particular, next week, there will be a lot of US economic news such as: PMI index for manufacturing and services; employment numbers: ADP, NFP, unemployment rate… Currently, most of the US news is predicted to be better than the previous period! If as expected, this news will have an impact on weakening the USD and be a support for gold! 🥰Trading plan: 🔼 Buy Gold: 2636x – 2634x SL: 2630 Tp: 2644 - 2653 – 2688 – 2720 🔽 Sell Gold: 2686x – 2688x SL: 2691 TP: 2678- 2665 🔽 Sell Gold: 2718x – 2720x SL: 2724 TP: 2705- 2690 🫶Note: Set SL tightly for each order, the financial market is full of risks, if you do not set SL, do not place an order. 🫶Wishing everyone a happy and joyful Sunday 🫶
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
1
Weekly Long-Term Gold Trading for 2025–2026Hello everyone. Given the global market's demand for gold, the economic climate of the Middle East War, and Trump's business strategy for the global market, this is gold's long-term chart. For a while, gold was being sold for long-term holding. The global markets' bullish trends reversed a year after Trump's new tax conditions, and the middle east is expected to be unstable in the years to come. However, global markets do not record profits following COVID-19. Bull Run will continue until October or November of 2025. Profit was booked, bearish condition was restored, and then the gold trend reversed. Gratitude
FOREXCOM:XAUUSDLong
by dudivinod
1
Gold Trading Strategy for 02nd December 2024Gold Trading Strategy Buying Strategy: Buy Trigger: Initiate a buy order if the price closes above the high of the candlestick at 2661. This suggests a potential upward momentum. Support Levels: 2632: A minor support level where the price might find temporary support. 2617: A stronger support level, indicating a possible reversal or consolidation zone. 2574: A major support level, suggesting a significant buying interest at this price. Selling Strategy: Sell Trigger: Initiate a sell order if the price closes below the low of the candlestick at 2646. This suggests a potential downward momentum. Resistance Levels: 2682: A minor resistance level where the price might face temporary resistance. 2705: A stronger resistance level, indicating a possible reversal or consolidation zone. 2725: A major resistance level, suggesting significant selling interest at this price. Disclaimer: This analysis is provided for informational purposes only and should not be construed as financial advice. Trading involves risk, and you should perform your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
OANDA:XAUUSD
by ramkkyy
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