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XAUUSD_LMAX trade ideas

Gold Rally Nears Key ResistanceSpot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand. Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security Council resolution on a ceasefire in Gaza. These factors have shifted investor interest towards gold as a safe-haven asset amidst growing uncertainties. Notably, gold prices have surged by 4% this week, the best weekly performance since April, rebounding from the sharpest drop in three years. Personally, I believe the next target is breaking the $2,700/ounce resistance level, potentially paving the way for further gains. What about you? Do you think gold will conquer this critical milestone?
OANDA:XAUUSDLong
by Mr_Siro
7
Gold Price Increases for 3 Consecutive SessionsWorld gold prices continued to increase for the third consecutive session, currently trading around 2,650 USD/ounce, up a total of 88 USD in the past three days. The main driving force of the uptrend comes from safe-haven demand due to escalating geopolitical tensions between Russia and Ukraine, along with the potential impact of US President-elect Donald Trump's economic policies. On the 1-hour time frame, the EMA 34 and EMA 89 are providing good support for the uptrend, showing the strength of the buyers. The nearest short-term resistance is at 2,670 USD/ounce, if broken, the gold price may continue to increase to 2,680 - 2,690 USD/ounce. The current strong support is around 2,640 USD/ounce, if broken, it may pull the price down to 2,620 USD/ounce. Personal opinion: The current uptrend is still maintained thanks to the positive sentiment in the gold market. However, the $2,650 - $2,670/ounce area is an important resistance level to watch. If the buyers cannot maintain the pressure, the price may correct slightly to accumulate before continuing the uptrend. Note that the US interest rate policy in December may create a short-term correction period, but in the long term, gold is still very attractive due to geopolitical and macroeconomic instability. Personal opinion: If the price breaks the resistance, this is a good opportunity to consider continuing to buy orders.
OANDA:XAUUSD
by Maria_aaa
Gold Price Approaches Important Resistance ZoneGold is currently trading around $2,638/ounce, continuing its strong rally after rising $48 in the previous session. The main drivers of the rally are geopolitical tensions and the stability of the USD. Gold is in a strong recovery phase from its low around $2,580. However, the medium-term downtrend has not been broken yet as the EMA 89 is still acting as resistance. Resistance and support: Nearest resistance: The $2,650-2,660 area, which coincides with the EMA 89. This is an important area to confirm a bullish reversal. Support: The $2,600 area, if broken, gold could retest the old low around $2,580. Price pattern: On the 4-hour chart, gold is approaching an important resistance zone. If there is a price rejection signal, the possibility of correction will be very high. Personal opinion: Gold price is likely to test the $2,650-2,660 zone in the short term. However, with current technical indicators, selling pressure at the resistance zone will be very high. If the price fails to break through this zone, the possibility of correction back to $2,600 is quite high. On the contrary, if it breaks through, the next target will be $2,700. Trading strategy: Sell at the $2,650-2,660 resistance zone, set Stop Loss at $2,670, Take Profit at $2,600. Buy when the price breaks through $2,660, set Stop Loss at $2,640, Take Profit at $2,700.
OANDA:XAUUSD
by Maria_aaa
Gold Trading Strategy for 21st November 2024.Gold Price Strategy (1-Hour Candle Rejection and Breakout) STRATEGY 1 Current Price: 2650.46 Sell Setup (Rejection at 2667-2668) Condition: If the 1-hour candle closes below 2667-2668 (indicating rejection), look for a potential downside. Entry: Enter a sell trade when the next 1-hour candle breaks the low of the rejected candle. Targets: T1: 2638 (first target for partial booking). T2: 2618 (secondary target). Stop-Loss: Place SL above the high of the rejected candle (e.g., 2675). Buy Setup (Breakout Above 2668) Condition: If the 1-hour candle closes above 2668, confirm bullish momentum. Entry: Enter a buy trade when the next 1-hour candle breaks the high of the breakout candle. Targets: T1: 2685 (first target). T2: 2700 (psychological resistance). Stop-Loss: Place SL below the low of the breakout candle (e.g., 2660). Risk Management Risk no more than 1-2% of your trading capital per trade. Adjust your position size based on the distance between your entry and stop-loss. Example Scenarios: Sell Setup Example: Candle closes at 2665 after touching 2667-2668. Next candle breaks 2660 (low of rejection candle). Entry at 2660, SL at 2675, Targets: 2638 and 2618. Buy Setup Example: Candle closes at 2670 after breaking 2668. Next candle breaks 2672 (high of breakout candle). Entry at 2672, SL at 2660, Targets: 2685 and 2700. STRATEGY 2 Gold Price Analysis Current Price: 2650.46 Buy Above: 2668 Sell Below: 2618 Key Levels: Resistance Levels: R1: 2668 R2: 2685 R3: 2700 Support Levels: S1: 2635 S2: 2618 S3: 2600 Disclaimer: This analysis is for educational purposes and should not be considered as financial advice. Market movements can be volatile, and strategies must be backtested before use. Consult a financial advisor before executing trades. Trading involves significant risk, including the potential loss of your entire capital.
OANDA:XAUUSD
by ramkkyy
Gold Trading Strategy for 20th November 2024Gold Trading Signal Current Price: ₹2632.20 Trading Levels: Buy Above: ₹2640 Trigger a long position when the price closes above ₹2640 on a 1-hour candle. Resistance Levels: ₹2665 (Initial Resistance) ₹2693 (Next Resistance) Sell Below: ₹2620 Trigger a short position when the price closes below ₹2620 on a 1-hour candle. Support Levels: ₹2598 (Initial Support) ₹2585 (Next Support) Key Notes: Monitor price action carefully around the buy and sell levels. Ensure proper risk management by setting stop-loss orders slightly above or below resistance and support levels, respectively. Consider additional confirmations such as volume or RSI divergences before entering trades. Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice or a recommendation to trade. Trading in the financial markets involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a qualified financial advisor before making trading decisions.
OANDA:XAUUSD
by ramkkyy
Gold Trading Levels for 19th November 2024Gold Trading Levels (Based on 1-Hour Candle Chart): Buy Above: 2616 (Enter a buy position if the price breaks and sustains above this level on the 1-hour candle, signaling potential bullish momentum.) Sell Below: 2600 (Enter a sell position if the price drops and sustains below this level on the 1-hour candle, signaling potential bearish momentum.) Current Price: 2612.040 Key Levels to Watch: Resistance Zones: 2640 – 2644 2660 – 2667 Watch for potential price rejection or breakout at these levels. Support Levels: 2575 2550 2530 These levels may act as strong buying zones if the price drops significantly. Trading Tips: Book Profits Regularly: Lock in gains near resistance levels or key pivot zones to secure profits. Use Trailing Stop-Loss: Adjust your stop-loss as the price moves in your favor to protect profits while allowing the trend to continue. Disclaimer: The levels and analysis provided are based on technical indicators and the 1-hour candle chart. This is for educational and informational purposes only and should not be taken as financial or trading advice. Risk Management Guidelines: Always confirm price action (e.g., a breakout, breakdown, or reversal) at the listed resistance and support levels before making decisions. Use stop-loss orders and appropriate position sizing to manage risk. Monitor economic events or news that may impact gold prices. Risk Disclosure: Trading in commodities, including gold, involves significant financial risk and may not be suitable for all investors. Past performance is not indicative of future results. Consult a qualified financial advisor before making trading decisions.
OANDA:XAUUSD
by ramkkyy
XAUUSD Recovery: Testing Resistance at 2,620Currently, XAUUSD is attempting a recovery after hitting the key support level at 2,530 USD. This support zone has shown significant buying interest, pushing prices up from the recent low. However, the overall trend remains bearish, influenced by the EMA 34 and EMA 89 lines above, acting as dynamic resistance. The price is now trading around 2,583 USD and is likely to test the nearest resistance zone at 2,620 USD. If this resistance is breached, the recovery trend could extend further, aiming for higher levels. Gold remains under pressure from a strong USD, driven by expectations that the Fed will maintain high interest rates. However, investors should pay close attention to this week’s U.S. economic data releases, including employment and inflation figures, as they could significantly impact USD strength and gold’s next direction.
OANDA:XAUUSDLong
by Vanna-Cris
Gold in Bears' ControlI am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA. In addition, comments from Fed Chairman Jerome Powell about not being in a hurry to cut interest rates further reinforced the USD's bullish momentum and reduced the appeal of gold. However, geopolitical tensions in the Middle East and between Ukraine and Russia remain a slight support factor for the precious metal's safe-haven status. Personal view Key resistance: $2,600–$2,625, which the price needs to break above to generate upside momentum. Potential support: $2,550, which is an important area I will wait to test. If the price fails to surpass $2,600, I believe there is a high possibility of a further decline to $2,550, consistent with the current market scenario. I will prioritize a short-term selling strategy in the resistance zone.
OANDA:XAUUSD
by Maria_aaa
what does positive delta mean before news event ?A positive delta formation on a 15-minute chart indicates that there is more aggressive buying than selling within that time frame, reflecting a rise in net buying volume or interest. Delta measures the difference between buying and selling volume, so a positive delta means buyers are stepping in more than sellers at that point. After a long fall in prices, a positive delta can suggest that buyers are beginning to absorb the selling pressure, possibly signaling an exhaustion of the downtrend or a potential reversal. This could be an early sign that demand is building up, and a recovery or temporary retracement might follow. Here’s how to interpret it in more detail: 1. Initial Bottom Formation: After a prolonged price decline, a positive delta can indicate that buyers see value at these lower levels and are entering aggressively, absorbing the remaining sell orders. 2. Volume and Price Action Confirmation: Check if the positive delta aligns with a price action signal, like a hammer or bullish engulfing candlestick, on the 15-minute chart. Combining delta with these patterns strengthens the signal for a reversal or a retracement. 3. Trend Reversal Potential: If positive delta continues to form across multiple candles and starts creating higher lows in price, it could confirm the beginning of an uptrend. This is especially significant after a major sell-off where demand may now be outweighing supply. 4. Risk Management: A positive delta alone doesn’t confirm a full reversal; it may simply represent short-term buyers. Consider waiting for price to break above key resistance or moving average levels on higher timeframes before taking a long position if you aim to follow a more secure trend reversal.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
Gold Trading Strategy for 14th November 2024Gold Trading Strategy: Buy Above 2,586 / Sell Below 2,568 Current Price: 2,574.00 USD Key Levels: Buy Signal: If the price closes above 2,586 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,568 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,574.00 USD, just below the buy signal level. It's important to monitor the price closely, especially around the 2,570 to 2,590 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 2,586 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,600 and 2,615. Sell: If the price breaks below 2,568 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,550 and 2,535. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy
Gold Hits 7-Week Low Amid Rising Yields and Dollar PressureGold prices are under pressure as the US dollar strengthens, US Treasury yields rise to 4.5%, and demand for gold from China declines. In the recent trading session, gold prices fluctuated sharply, falling to a 7-week low of $2,599/ounce. Market sentiment is gradually losing confidence in gold, with many investors selling off to preserve capital. In addition, US stocks also weakened as the Dow Jones and S&P 500 both fell, adding more pressure to gold. If factors such as the US dollar do not decrease and gold demand does not recover, the possibility of gold prices continuing to decline is still very high in the short term. In the short term, gold prices are likely to continue to be under downward pressure if the US dollar maintains its strength and US bond yields remain high. The nearest important support level could be the $2,580/ounce area. If the price breaks this level, the downtrend could extend to lower levels, towards the $2,550 area. Conversely, if there is significant buying pressure, gold could recover slightly, but the possibility of maintaining a strong upward momentum is low as economic factors remain unfavorable for this precious metal.
OANDA:XAUUSD
by Maria_aaa
Gold Trading Strategy for 13th November 2024Gold Trading Strategy: Buy Above 2,605 / Sell Below 2,589 Current Price: 2,599.00 USD Key Levels: Buy Signal: If the price closes above 2,605 on the one-hour candle, it indicates a potential upward trend, suggesting a good time to consider buying. Sell Signal: If the price closes below 2,589 on the one-hour candle, it suggests a potential downward trend, indicating it might be a good time to consider selling. Market Analysis: The current price is hovering around 2,599.00 USD, just below the buy signal level. The market is showing signs of bullish momentum, but it's important to monitor the price closely, especially around the 2,590 to 2,605 levels, which could act as support or resistance. Recommendations: Buy: If the price sustains above 2,605 on the one-hour candle close, consider entering long positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,625 and 2,640. Sell: If the price breaks below 2,589 on the one-hour candle close, consider short positions. Book profit at regular intervals or use a trailing stop loss to protect your profit, with targets at 2,575 and 2,560. Disclaimer: This is only for educational purposes. You may do your own analysis before taking any trading decisions.
OANDA:XAUUSD
by ramkkyy