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XAUUSD signalGold trades marginally lower on the day near $2,930 after correcting from the record-high it set above $2,950 on Thursday. The Trump administration puts lifting trade bans against Russia on the table. Traders are mulling the upcoming US preliminary S&P PMI data for February. All eyes are on Germany this weekend as people head to the voting booths for a new government. Although this might not directly impact Gold’s price, it could see a more harsh or softening stance from US President Trump on Europe in the grander scheme of things. The market reaction on Monday will be interesting. Gold now sell 2934 TP1 2925 TP2 2920 TP3 2860 Resistance 2945 Resistance 2965
OANDA:XAUUSDLong
by KingForex078
Weekly chart The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week. The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA). Gold price eyes acceptance above the key static resistance at $2,726 to extend the uptrend toward the $2,750 psychological barrier. The next target is aligned at the record high of $2,790. If the correction unfolds, Gold price will find initial demand at the previous day’s low of $2,690, below which the January 15 low of $2,670 will be tested.
OANDA:XAUUSDLong
by JohnHarry_7
1
XAUUSD Is gold on a bear-run for 2025? Hey 👋🏾 y'all I am back with my first publication of 2025! I hope everyone enjoyed their holiday season and is ready to absolutely CRUSH this year!! Let's dive in: As you can see from my 4H price is in a giant correction. Price attempted to push higher, however continues to fail to do so. The 15m liquidity zone (15m LQZ) we can see price is having difficulty closing above there and in fact sells off rather aggressively from that level. This is 1 indication, or confluence, that price will more than likely melt to the downside. Not, before however, giving us a false sense of hope that she will reach previous highs. By that I mean to say that I believe price will push higher first, stall out (form a smaller 1H or 15m ascending channel within my larger 4H ascending channel) and then melt. I expect price to push up and stall around where I have placed my top trendline - giving me the all-clear to ride this elevator to the downside. Like always it is not my job to predict the markets, but to react...time will tell. I have a setup in mind for the long position as well. However, let's see if this short position plays out this week (Thursday and Friday). I will update y'all at the end of the week 😁 byyyyeeee! ✌🏾
OANDA:XAUUSD
by MommaPreneur
XAUUSD SELL XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday. Gold sell 2674 Support 2640 In the 4-hour chart, a directionless 20 SMA has rejected advances since the week started, now acting as dynamic resistance at around $2,674.00. The 100 and 200 SMAs are also flat, yet well below the current level. Finally, technical indicators have ticked higher, although in neutral-to-bearish territory. Support levels: 2,660.70 2,645.15 2,635.00 Resistance levels: 2,675.00 2,683.20 2,697.90 XAUUSD SELL Support
OANDA:XAUUSDShort
by KingForex078