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Xausudlong

Gold Price Analysis: Key Support at 2635Today, we made two successful long trades on gold. The first target was 2635-2643, and the second target was around 2650. Both targets were hit, and we enjoyed substantial profits. Now, gold has retreated below 2640, with weak support around 2635. If the price can stabilize around this support level, an upward move is expected. However, if the price breaks below this level, we could see a head and shoulders pattern forming, and the price might return to around 2625. Currently, the market is experiencing low volatility, and the key trading opportunities for this week will likely come between Wednesday and Friday. A large amount of data will be released, which could lead to significant fluctuations in gold prices, offering even more favorable opportunities for trading.
OANDA:XAUUSDShort
by TradingGuide_Dean
Gold Market Analysis and Strategy Gold prices continue to fluctuate around the 2640 level. The initial short position has already reached the target of 2622. Currently, prices are rising again, and it is expected that the previous high of 2641 will be broken. Trading Strategy: Long Opportunity: Close around 2645 Short Opportunity: Alternatively, wait for the price to rise into the 2646-2655 range, which is anticipated to serve as a resistance zone, before opening short positions (selling). Expected Target: For the short position, a potential downside of approximately $19 is anticipated, targeting a drop back to the 2627-2636 range.
OANDA:XAUUSDShort
by TradingGuide_Dean
XAUUSD: Sell, Target 2745-2736Today, I highlighted the likelihood of a gold pullback near 2754, with support in the 2745-2736 range. As expected, the price dipped to around 2746, delivering solid profits for those who followed this strategy. Currently, DXY shows signs of an uptrend, which could intensify during the U.S. session, likely pressuring gold to drop further. Support remains focused on the 2745-2736 range, with a stronger DXY potentially pushing gold down to around 2732. For resistance, continue to reference the 2752-2758 zone.
OANDA:XAUUSDShort
by Mia-Signal
Gold Rally Slows, Pullback Imminent Since yesterday, gold has been fluctuating within the 2615-2635 range, with the bullish momentum clearly slowing down. In my view, it is likely to decline to 2606 by Friday at the latest. Why 2606? This level serves as a key support in the ongoing upward trend. A healthy trend relies on robust technical support levels, which is the foundation of my prediction. Continue to sell, and patiently wait for the price to drop, allowing the profits to materialize.
FOREXCOM:XAUUSDShort
by MichaeliaDefoe
XAUUSD: Mid-Term Target Set Below 2550 Gold's upward trend has noticeably slowed as it approaches the 2630 level, which is likely to act as a new resistance zone. Before confirming any further upside potential, it is crucial to see a retest of the 2600 support level. Until this support is validated, the recommended strategy is to focus on high-level sell trades. If the 2600 support is confirmed, it may present a buying opportunity. However, if the support is breached, selling into any rebound should continue to be the dominant strategy, with long positions only used as a secondary approach. In the medium term, I maintain a bearish bias, with downside targets in the 2530-2500 range.
OANDA:XAUUSDShort
by Mia-Signal
Wait for gold to fall back to this position to go long.3.11 The gold daily line continues to maintain a strong trend, and there is no sign of peaking for the time being. However, it has been rising for 9 consecutive days. In terms of time, the probability of adjustment this week is relatively high. The current unilateral moving average support is at 2158 and 2120. If it falls below, we can see the strength or the trend change. The support points of the 4H unilateral moving average are at 2172 and 2165. The Asian market has surged higher and fallen back. The lower part will focus on the two points of 2172 and 2165 for more support. There is some radicalness around 2172. It is safe to wait for the support near 2165 to continue to do long. The upper part will continue to look around 2190. Operation suggestions: xuausd buy2165, TP2190;
OANDA:XAUUSDLong
by Alligator-in-Forex-trading
GOLD ANALYTICSHello All, Today's Market is slow as always, since it's the beginning of the week, we expect momentum to increase mainly during NEW YORK Session, However it does not mean we should not make some profits and as i promised last week, this week i will be on 30Min AND 45MIn TIME FRAMES, i believe this should be a good illustration for those whose equity is low. Today there is nothing much to disclose, we can see that OUR PREVIOUS Down TREND LINE was broken this is mainly an indication that sellers are loosing Momentum however we still expect a fall, the orange box on my chart indicating the above statement, since it's the beginning of the week and there is not enough momentum the least we should expect is a CONSOLIDATION and then at least a retest to either $1818 and if it's to extend further then it should be $1820, however if our level $1820 is broken this could mean there is change in trend and instead of the fall we were waiting for we will see a rise to $1834 and possibly hit $1846.(This all depends on the patterns formed) Note if $1820 is broken, and the price moves towards $1834 at this level we will be considering Price Action and the PATTERNS FORMATION so as to give us more information on where our trend is headed to. My ENTRIES since the start of last week (Monday) at $1839-45 are active and as always in BIG BLUE, i also had 4 Entries at $1826 which are currently running PROFITS, NOW with all being said if level $1807 is broken then we should expect $1795 HIT and if it's to run further down then $1783 is the 2nd TAKE PROFIT ZONE. For those Few words, I hope you all enjoy this week's ENTRIES and have success throughout your lives! Up until then Wish you all A wonderful Start Of BlUE DAY. NOTE : Whatever I SHARE with you here IS NOT A Recommendation, I share this for KNOWLEDGE PURPOSES ONLY, This is my OWN ANALYSIS, using my Head and Indicators to evaluate, However i always give you the insights so that you can conclude on your OWN. PLEASE FEEL FREE to share your IDEAS OF THE SAME in the Comment Section, we ain't here to argue coz depending on your analysis you may be right and I MIGHT be wrong ,WE COULD ALL BE RIGHT and also WE COULD ALL BE WRONG!, and if I'm Right it does not MEAN your WRONG!
OANDA:XAUUSDLong
by Ahmedshebe
XAU/USD Buy Scenario! 4 Things to think before tradeHello traders! There are 4 things to think of before I take this trade: 1. If the price rise we will have a flat trend on D1, on H4 we have a formed up trend till now. 2. The price breakout the near suport and we wait for a bullish candle to confirm the up move 3. Not a really good trade because the price make already a half of the movement 4. The price could go down when will meet the previous High point (the big trend is more important), but still the new trend is at the beggining. SL will be almost 1836 points (1%) Tp will be almost 7404 point (3.9%) The risk/reward is almost 1:4, I think we can try thin one. Leave a comment with your oppinion! Enjoy it!
OANDA:XAUUSDLong
by BogdanUng