Get started

Gold

Gold Analysis and SignalsGold closed above 2630. The daily line continued to rise and re-stood on the MA10 daily average of 2625. The hourly and four-hour moving averages opened upward, and the price ran along the middle and upper tracks of the Bollinger Bands. The idea of ​​gold remains unchanged, and we continue to see fluctuations, sell high and buy low! Gold fell after rising in the US market yesterday, with very small fluctuations, but there was no strong breakthrough at high levels. On the surface, it broke through the previous high of 2633 in 1 hour, but gold did not stand firm, and it fell back at any time and fell below the previous high of 2633 again. Gold did not form an effective breakthrough, so there is a possibility of gold bulls being lured, at least the market is not a unilaterally strong market! First support: 2627, second support: 2621, third support: 2610 First resistance: 2641, second resistance: 2652, third resistance: 2666 Trading strategy: BUY: 2621-2623 SELL2641-2643
OANDA:XAUUSD
by Jun-GoldAnalyst
How does gold price change on weekends? What should you note?Hello everyone, Ben here! Last week, we witnessed a significant drop in gold prices. At one point, gold prices fell to a low of $2,583. Currently, gold is trading around $2,627, stabilizing over the week. It is clear that the hawkish signal from the Federal Reserve (Fed) last week, indicating that they will slow the pace of rate cuts in 2025, supported the US Dollar (USD) to remain near its two-year high and acted as a drag on the non-yielding gold metal. Additionally, a positive risk trend contributed to limiting the gains of this precious metal. However, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war, continue to provide some support for gold as a safe-haven asset. Furthermore, a modest pullback in US Treasury yields has supported a mild buying tone amid thin trading volumes during Christmas Eve. Therefore, it would be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low. The projected price increase is expected to reach $2,650. What do you think about this? Sincerely, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
Gold price forecastDonald Trump’s transition team is looking for ways to end conflicts in Ukraine and the Middle East. The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce. Donald Trump's transition team is looking for ways to end conflicts in Ukraine and the Middle East. The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce. In the long term, gold is still expected to rise as inflation signals rise again globally. The West has seen inflation return, while many Asian countries have stepped up monetary easing and have plans to pump money.
TVC:GOLDShort
by FalCol_TradingMaster
1
XAUUSD: 26/12 Market Analysis and StrategyGold technical analysis Daily resistance 2660, support below 2580 Four-hour resistance 2637, support below 2600 Gold operation suggestions: The market is in a narrow range during the Christmas holiday, market liquidity is reduced, and the volatility is naturally getting smaller and smaller. Today is still under the influence of the holiday, and it is expected that there is still no intention to break through. Gold rebounded in the Asian session, but there is still suppression above 2633. If it does not break, it will still be a volatile market. Don't think too much. Gold can be directly shorted when it touches the 2630-33 area. Hold below 2633 and watch for a volatile decline. Gold hit a high of 2633 on Monday and then fell back under pressure, reaching a low of 2608, which happened to be the 2608 support point I mentioned. On Tuesday, it fell back to a low of 2610, and once again held the 2608 support point and pulled back. Today, the Asian session opened high and approached the 2633 pressure position. Today, we will continue to pay attention to the resistance in this area. It is definitely not suitable to chase the rise near here. Before it breaks here, it will continue to rebound high. Only after a strong breakthrough above 2633 can we see the bulls continue to rise. If it falls back, we will continue to pay attention to 2608 and choose to buy low. SELL:2633near BUY:2621near BUY:2610near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
OANDA:XAUUSDLong
by ActuaryJ
GOLD ROUTE MAP UPDATEHey Everyone, Ranging markets due to holidays yet our chart levels are being respected and allowing us to buy dips inline with our plans. We got another retest at 2629 weighted Goldturn and will now need to see ema5 lock above this level to open the range above or failure to lock will see a rejection back to Goldlturn support. We will need to see ema5 cross and lock on either Goldturn to confirm and determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2629 - DONE EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET 2655 EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET 2694 EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET 2726 BEARISH TARGETS 2600 EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET 2561 EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE SWING RANGE 2518 - 2486 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
SPY/QQQ Plan Your Trade for 12-26-24 : Inside Breakaway PatternThis, being the day After Christmas, could be a very volatile trading day. I suggest traders sit back and let the morning volatility settle before attempting to make any big trades. I believe the markets will seek direction after Christmas and look to attempt to move into a Reversion phase (likely trending upward into the end of 2024). Overall, I believe the Anomaly event has completed - yet there is still risk for the markets to move lower before the end of Feb 2025. Follow my research and pay attention to how large the recent Daily price bars are compared to previous ranges. The current market volatility is MASSIVE. There is no reason skilled traders are not able to profit from some of these big price swings. Gold and Silver enter a CRUSH pattern. This could be a huge price move for Gold & Silver today. Bitcoin is sliding into the Consolidation Phase of an EPP pattern. This could result in another breakdown towards $72k if the EPP pattern plays out. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
GOLD sell setup If you’re planning a **sell entry at 2630** for gold, here’s a detailed plan for your setup: --- ### **Sell Entry at 2630** #### **Rationale for 2630 Entry**: 1. **Resistance Zone**: - 2630 is a psychological and technical resistance level where sellers might dominate. 2. **Overextension**: - If gold reaches this level after a strong upward move, it could indicate overbought conditions and exhaustion. 3. **Market Sentiment**: - Failure to sustain above 2630 would confirm bearish sentiment and likely trigger selling pressure. --- ### **Trade Setup Details** #### **Entry**: - **Sell at 2630**, ideally after confirming a rejection (e.g., bearish candlestick patterns like a shooting star, bearish engulfing, or strong wick rejections). #### **Stop Loss**: - Place the stop loss slightly above 2635 to protect against false breakouts. - Alternatively, use the ATR (Average True Range) to calculate a dynamic stop. #### **Take-Profit Targets**: 1. **Target 1**: 2620 - This is the next key support and provides a conservative risk-reward. 2. **Target 2**: 2608 - A strong support zone where buyers might re-enter. 3. **Target 3**: 2600 - If the bearish momentum is strong, this level could be reached. --- ### **Confirmation Signals Before Entry** 1. **Candlestick Patterns**: - Look for a rejection near 2630 with patterns such as: - Shooting Star - Evening Star - Bearish Engulfing 2. **Momentum Indicators**: - **RSI**: Overbought readings (above 70) near 2630 confirm exhaustion. - **MACD**: A bearish crossover or divergence around 2630 strengthens the sell case. 3. **Volume Analysis**: - Declining volume on the move up to 2630 indicates a weakening bullish trend. --- ### **Risk Management** - **Risk-to-Reward Ratio**: Aim for at least 1:2 or 1:3 to ensure a favorable outcome. - Avoid entering immediately if price breaks above 2630 without signs of rejection. --- ### **Fundamental Watch** 1. **DXY Correlation**: - If the DXY strengthens (moving toward 108.100), it aligns with a bearish gold move. 2. **Economic Data**: - Monitor for any major data releases (e.g., U.S. GDP, inflation data, or Federal Reserve comments) that could influence gold prices. CAPITALCOM:GOLD -
CAPITALCOM:GOLDShort
by TRADE_CENTER_1
Analysis of gold on December 26 After experiencing five waves of daily level rise and reaching the top, gold formed a top at 2790 and pulled back. The gold price then accelerated to 2546 and then rebounded to 2720, but the price fluctuated widely at a high level. A double top fallback structure was formed at 2720. In the short term, it further fell to 2583 and then rebounded. The current price is around 2583, forming an ascending triangle consolidation structure. The upper resistance is 2635, which is in the short-term rebound repair stage. Overall, the trend of gold has changed from rising to sideways consolidation. The short-term trend is in the rebound repair stage after falling. In terms of operation, pay attention to the consolidation of the triangle structure before operating. Operation suggestions: Long order: If the price falls back to the bottom of the triangle structure 2610 without breaking, you can consider participating in the order. Target: 2625, 2635, 2664. Short order: If the price rebounds to the 2630-2625 area, you can consider participating in this range. Target: 2610, 2595, 2580. Steady operation: It is recommended to wait for the gold price to break through the triangle consolidation area before entering the market. If it breaks through the 2630-2635 area, you can consider long orders. Target: 2665, 2680, 2700. If it rebounds to the 2610-2600 area, you can consider short orders. Target: 2585, 2560, 2545. If you have any different views on the future of gold, please leave a message and like it. Thank you
FOREXCOM:XAUUSD
by RonPeter_Trading
Today we will first look at the operation of the 2608~2633 rangeGold continues to fluctuate and converges in a triangle range. The main reason is due to the early market impact of Christmas Eve. From the picture above, the price breaks through the downward trend line and forms a horizontal consolidation in the short term. The price has not completely escaped from the shock zone and is expected to repeat again. Pay attention to 2608/2633 during the day! Pay attention to 2608/2633 during the day! Gold rebounded first in the Asian session, but there is still suppression above 2632. Gold is still in a volatile market. The unilateral trend has not come yet, so the rebound of gold in the Asian session will continue to be short; gold is directly short near 2631 in the Asian session! Gold is still in a shock range in 1 hour. If gold is under pressure at 2632, it may still fall under pressure. Don’t chase the rise easily when gold rushes up quickly in the Asian session. It may fall under pressure at any time; only after gold breaks through and stabilizes at 2632, gold may reverse, and then consider falling back to long. First support: 2610, second support: 2600, third support: 2588 First resistance: 2632, second resistance: 2646, third resistance: 2658 Trading strategy: Sell ​​high and buy low according to resistance
OANDA:XAUUSD
by Jun-GoldAnalyst
GOLD - Price can correct to support line and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price made upward impulse and reached $2670 resistance level, which coincided with resistance zone. Next, price broke this level, and entered to triangle, where it declined to $2605 support level, breaking $2670 level. In triangle, price trades tried to back up, but failed and fell below support line, exiting from triangle pattern. Then Gold in a short time rose to $2726 points, breaking resistance level, after which started to decline inside pennant. Inside this pattern, price declined to $2583 points, breaking $2670 and $2605 levels, but recently broke $2605 level again. I think that Gold can decline to support line and then bounce up to $2660, leaving pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
3
12.26 Gold Trend Trading Strategy 🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened again in the 2613 area, indicating that the support below is strong. The support area is still bullish. Focus on the upper 2626 and 2633 points. The retracement is also expected. Without the retracement, the bulls can't go far. Due to the Christmas holiday, the bulls have no strength during the day and return to the range of shocks.🔴 🎈There are two scenarios for tomorrow's opening: The first scenario is that the Asian morning session directly jumps up and opens above 2620, and then rises sharply in the morning session, breaking through 2626 and then trading sideways in the 2633 area. The European session exerts force again, directly breaking through 2633, and continues to rise to 2642. After the US session retests around 2633, the bulls exert force three times to directly probe above 2650. In terms of operation, hold the long orders in hand, break through 2626 and 2633 tomorrow and continue to go long. The first time it touches 2642, go short, and look at 2635-33. The US session retests around 2633 and directly goes long again, looking above 2650!🔴 🎈In the second case, the Asian market opened at a normal high in early trading. After a small retest of the 2613 area in the morning, it rose directly to the 2642 area in the early trading. The European market fluctuated and consolidated above 2633. The bulls in the US market made a second effort and broke through the 2650 area again.🔴 🎈Gold strategy: Go long when gold retests near 2613, target 2642, 2650, 2664; go short if 2642, 2650, 2664 are given for the first time; go long in batches if 2610, 2607, 2601 are given; more real-time layout is subject to the actual market;🔴 🎈The difference between these two situations is whether it opens with a gap or opens at a normal high, which determines the strength of the bulls and how far they can go. If it opens with a gap, the strength of the bulls basically stops at the 2650 area, and if it opens at a normal high, the expected limit of the bulls can be seen in the 2670 area!🔴
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
12.26 Gold Trend Trading Strategy 🎈Currently, spot gold is trading sideways at a high level, and the current price is 2617 US dollars/ounce. The support and pressure levels are high selling short and low buying long. The pressure level is 2633 and the support level is 2600. On Monday, gold opened at a low level in the Asian morning, and tested the support of the 2608 area. On Tuesday, it opened again in the 2613 area, indicating that the support below is strong. The support area is still bullish. Focus on the upper 2626 and 2633 points. The retracement is also expected. Without the retracement, the bulls can't go far. Due to the Christmas holiday, the bulls have no strength during the day and return to the range of shocks.🔴 🎈There are two scenarios for tomorrow's opening: The first scenario is that the Asian morning session directly jumps up and opens above 2620, and then rises sharply in the morning session, breaking through 2626 and then trading sideways in the 2633 area. The European session exerts force again, directly breaking through 2633, and continues to rise to 2642. After the US session retests around 2633, the bulls exert force three times to directly probe above 2650. In terms of operation, hold the long orders in hand, break through 2626 and 2633 tomorrow and continue to go long. The first time it touches 2642, go short, and look at 2635-33. The US session retests around 2633 and directly goes long again, looking above 2650!🔴 🎈In the second case, the Asian market opened at a normal high in early trading. After a small retest of the 2613 area in the morning, it rose directly to the 2642 area in the early trading. The European market fluctuated and consolidated above 2633. The bulls in the US market made a second effort and broke through the 2650 area again.🔴 🎈Gold strategy: Go long when gold retests near 2613, target 2642, 2650, 2664; go short if 2642, 2650, 2664 are given for the first time; go long in batches if 2610, 2607, 2601 are given; more real-time layout is subject to the actual market;🔴 🎈The difference between these two situations is whether it opens with a gap or opens at a normal high, which determines the strength of the bulls and how far they can go. If it opens with a gap, the strength of the bulls basically stops at the 2650 area, and if it opens at a normal high, the expected limit of the bulls can be seen in the 2670 area!🔴
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
GOLD → A chance for growth or a trap?FX:XAUUSD continues to give hope to the bulls, trading inside a local rising channel resembling a flag on the background of a local bearish trend. Further upside for the gold price may remain limited as the US dollar remains underpinned by the Fed's hawkishness. This begs the question: what will happen to rates? Hold or rise? It is worth understanding that the rise in inflation expectations against the backdrop of Trump's protectionist policy requires an increase in interest rates. In addition, statistically, the dollar enjoys interest towards the end of the year, and because of the Christmas holidays Technically, I am still skeptical about a possible strong growth, as the fundamental background is weak. Technically, the price may bounce from any nearby strong level. Resistance levels: 2633, 2650 Support levels: sma, 2606 We may not expect strong moves at the end of the year, the market is already celebrating the end of 2024. But the probability is there. Emphasis on the nearest strong levels from which the fall may resume Regards R. Linda! Happy Holidays to all and a productive new year 2025!
FX:XAUUSDShort
by RLinda
12
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,626.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD tries to recover after the holidayOn this trading day, gold traders OANDA:XAUUSD will need to focus on data on initial jobless claims in the US, which could have an impact on market trends in the short term. The seasonally adjusted number of Americans filing for unemployment benefits for the week of December 21 will be released today (Thursday) and is expected to be 224,000. Data released last week showed initial jobless claims in the United States fell from 242,000 to 220,000 in the week ended December 14, below expectations of 230,000, showing signs that the labor market movement is still steady. If the latest initial unemployment claims turn out to be lower than expected, this will have a positive impact on the US Dollar and a negative impact on the price of gold and major non-US currencies. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has recovered from the technical level of $2,613, but the recovery is still limited by the upper edge of the price channel, along with the nearest resistance level noted at the 0.618 Fibonacci retracement point. % and EMA21. Considering the current price position, gold still has a technical outlook of falling in price with the main trend being noticed by the price channel. On the other hand, the Relative Strength Index has not yet surpassed the 50 level, the 50 level is considered resistance/support depending on the position of the RSI and on the current daily chart it is considered a resistance. In the short term, if gold falls below the technical level of $2,613 it will have room to fall a bit further with a target level then around $2,600 and more to the $2,592 price point of the 0.786% Fibonacci retracement. . As long as gold does not break above the price channel, with price activity stabilizing above the EMA21, it remains biased to the downside, with notable levels listed below. Along with that, using POC Volume Profile, at 2,646USD there is also a large trading volume, this position should also be considered a technical resistance. Support: 2,613 – 2,600 – 2,592USD Resistance: 2,634 – 2,646USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSD
by Xayah_trading