Get started

Xauusdanalysis

Will NFP give Gold a boost?In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a higher low might be forming. With this in mind, I anticipate the price to continue moving upward today and in the coming days, with a clear breakout above 2650. If that happens, Gold could gain momentum and potentially reach the next significant resistance level around 2680. For now, I’m looking to buy on dips, but I will reconsider this approach if Gold closes the week below yesterday’s low.
OANDA:XAUUSDLong
by Mihai_Iacob
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area; But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580. Trading strategy: 1. Short gold with 2630-2635 area as resistance; 2. Try to long gold with 2610-2600 area as support (only try once) 3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
World gold price decreased World gold prices decreased in the context of an increase in the USD. Recorded at 9:40 a.m. on December 6, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,792 points (up 0.08%). Gold price after the US released weekly unemployment claims data. The number of dependents applying for new unemployment benefits increased slightly last week, indicating that the labor market continues to gradually cool. In addition, the yield on 10-year US government bonds increased by 0.3%, bitcoin price surpassed 100,000 USD for the first time in session 5.12. The market is also waiting for US non-agricultural employment data to get more information about the US Federal Reserve's (FED) stance on interest rate cuts. Early this morning, world gold prices suddenly dropped sharply after many struggling sessions. According to Kitco, Donald Trump's US Presidential election victory and his focus on "America First" policies, aimed at supporting the economy and a stronger USD, have made gold investors global. Demand reduces participation in this precious metal. 🔥 XAUUSD SELL 2645 - 2647🔥 💵 TP1: 2630 💵 TP2: 2620 💵 TP3: OPEN 🚫 SL: 2656
OANDA:XAUUSD
by FalCol_TradingMaster
Breaking support and following the downtrendGold's 1-hour moving average continues to cross downward to form a dead cross, and continues to diverge downward, so the downside space of gold will be further opened, the gold oscillation range is broken, and a new low this week is created. Gold begins to weaken, so the rebound of gold is an opportunity to continue to be shorted. After gold rebounds to around 2634, it begins to fall directly under pressure. Then the Asian session gold rebounds around 2634 and continues to be shorted at highs First support: 2613, second support: 2600, third support: 2588 First resistance: 2633, second resistance: 2642, third resistance: 2657 Trading strategy: Sell ​​high and buy low according to the resistance range.
OANDA:XAUUSD
by Jun-GoldAnalyst
Long Gold AgainWe just bought gold near 2632, and then gold rebounded above 2643. I just closed our long position near 2642 and easily earned 100 pips. At present, gold has fallen back to around 2626. Although we just missed the opportunity to short gold, when gold falls back, as long as gold does not fall below the 2625 line, I think the gold fall is still an opportunity to go long on gold, so I just went long on gold again near 2628. I think we should be able to make at least another 100 pips profit. Anyway, wish us good luck! Bros, have you gone long on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
2
Gold Market Analysis 12/06Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key resistance zone is the 2652-2657 area, where the price has recently encountered resistance. Since tomorrow’s NFP data could have a significant market impact, if the data is bullish, it’s quite possible that gold will rise back above 2650. However, if the data is bearish, the optimal level to consider for support would be around 2608. The prolonged period of consolidation has trapped many positions during today’s downturn, creating significant selling pressure. Therefore, it’s important to be cautious during trading and avoid blindly chasing prices higher. This is an ideal market outlook based on current conditions, but always remember that the market is constantly changing. While you can use this analysis as a reference, it’s important to remain flexible during your trades. Don’t stick to rigid strategies—adjust as the market evolves. If you have any doubts or need further guidance, feel free to reach out to me directly. I’m here to help with personalized advice!
OANDA:XAUUSD
by TradingGuide_Dean
Gold Market Analysis 12/05Yesterday, gold faced resistance near 2657 and pulled back. Now, 2652 is acting as resistance again. If it doesn’t break through, gold may test the support around 2635 again. If that level breaks, the next support zone is between 2628-2623. However, if it breaks above 2657 and holds, gold could rise towards the 2666 resistance level. I recommend trading around these key levels today. With Initial Jobless Claims data coming out, if the market has already chosen a direction before the release, you can trade in the opposite direction based on the trend. This may lead to unexpected profits
OANDA:XAUUSD
by TradingGuide_Dean
The bulls are not completely defeated, go long gold!Brothers, gold has fallen sharply to around 2635 in the short term, which seems to have broken the recent range of fluctuations. So are the bears really coming? Have the bulls completely failed in the struggle between the long and short sides? Although gold seems to be falling rapidly in the short term, the bulls still have a certain degree of resistance and will not be completely defeated immediately. I have just reminded that it is difficult for gold to have a sustainable market before the NFP market. So the short-term decline of gold is probably a fake move to trap more short positions of short gold at low levels. So I think before gold falls below the 2630-2625 area, we must be particularly careful about the counterattack of bullish energy, and we cannot blindly chase short gold. So in terms of trading, we can try to go long on gold in batches in the 2635-2625 area. Wish us good luck!Bros, will you follow me to do more gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Gold Analysis ==>>Expanding Triangle Pattern!!!Gold ( OANDA:XAUUSD )is entering the Resistance zone($2,667-$2,653) . From the point of view of Classical Technical Analysis , Gold seems to be moving in the Expanding Triangle Pattern during the last 3 days . In terms of Elliott wave theory , Gold appears to be completing a Zigzag Correction(ABC) . ( Wave B(WXY) was complicated ). Also, Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to drop to at least $2,642 , and if the Support lines(1,2) break, the Heavy Support zone($2,642-$2,620) can also break. ⚠️Note: You can enter a Short position by considering capital management after finding a trigger near the resistance lines or after breaking the Support zone($2,652-$2,648).⚠️ ⚠️Note: However, the next few hours(6:45 pm UTC) of Fed Chair Powell's Speech will greatly impact the Gold trend.⚠️ ⚠️Note: If the Resistance lines(upper line of triangle) and the Resistance zone($2,667-$2,653) are broken, we should wait for the Gold pump.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity. So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low. Trading strategy: 1. Using the 2655-2660 area as resistance, try to short gold; 2. Using the 2640-2630 area as support, try to long gold; Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high. However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday. Personal opinion: This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600. On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum. Pay attention to price range: BUY ZONE: 2640 - 2638 SL: 2633 BUY ZONE: 2634 - 2632 SL: 2627 SELL ZONE: 2655 - 2657 SL: 2662
OANDA:XAUUSDLong
by Chana-Trading
XAU/USD 05 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Today's analysis and bias will remain the same as analysis dated 26 November 2024. Price Action Analysis: Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low. A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low. Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range. Intraday Expectation: Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310. Alternative Scenario: The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds. Note: Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Analysis and SignalsGold daily chart formed a bottoming out and rebounded to close higher, the structure stood above the MA10 daily moving average of 2647, but the moving average was still flat, and the RSI indicator mid-axis position was adjusted. The short-term four-hour chart is still adjusting within the Bollinger Band channel, the upper track is 2657/60, the lower track is 2638/35, the Asian session price 2648 is above the middle track 43, and the RSI indicator is above the mid-axis. Let's look at the strength of the decline first! Gold is still oscillating now. When the NFP data is released on Friday, gold may break through the oscillation range, and then wait for the trend to be clear before continuing to follow up. Now it is still oscillating in a large range, and the rebound high will continue to be short. Gold continued to oscillate in 1 hour. Gold rebounded and was blocked many times. Moreover, the positive news of gold ADP and risk aversion did not prompt gold to continue to rise, so it was still difficult to rise. Gold was under pressure at the 2657 line in the US session, and it continued to be short at highs below 2657 in the Asian session. First support: 2638, second support: 2625, third support: 2610 First resistance: 2656, second resistance: 2666, third resistance: 2678 Trading strategy: First look at the range of 2638near~2656near, and then trade in line with the trend after the breakthrough
TVC:GOLDShort
by Jun-GoldAnalyst
World gold prices increasedSpeaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September. According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest rates that do not promote or inhibit growth. However, the FED Chairman did not directly mention the FED's policy direction at the meeting from December 17 to 18. However, some analysts believe that the FED's interest rate reduction process may slow down. Gold prices often react sensitively to changes in the FED's interest rate policy. When interest rates fall, the opportunity cost of holding gold - a non-interest-bearing asset - also decreases, increasing the appeal of gold as an investment channel. Conversely, if the Fed slows down in reducing interest rates or keeps interest rates at a higher level than expected, this could reduce demand for gold, leading to downward pressure on prices. 🔥 OANDA:XAUUSD BUY 2643 - 2645🔥 💵 TP1: 2655 💵 TP2: 2665 💵 TP3: OPEN 🚫 SL: 2637
OANDA:XAUUSDLong
by FalCol_TradingMaster
xauusd my target 2629 possible Here's a summary of your XAU/USD trade plan: Trade Plan - Entry Point: 2649 - Next Target: 2629 - Stop-Loss: 2658 Market Analysis The XAU/USD is experiencing a minor correction, driven by a short-term strengthening of the US dollar. The market is expected to test the support level at 2629. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is below 50, indicating a short-term bearish momentum. - Moving Averages: The 50-day moving average is trending downwards, supporting the bearish view. - Support Levels: The support levels at 2629 and 2620 could provide a buying opportunity in case of a further pullback. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:1.4, which is relatively conservative. - Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size. Stay disciplined and stick to your trade plan. Good luck!
FX:XAUUSDShort
by Geroge_Fx
2