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Xauusdlong

Bulls are strong - XAU market recovers⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: China’s gold reserves grew by 160,000 ounces in November, reaching 72.96 million ounces, up from 72.80 million ounces. This development has raised hopes for further gains in gold prices and is expected to support demand for the precious metal. Meanwhile, Friday's Nonfarm Payrolls (NFP) report revealed that the US economy created 227,000 new jobs in November, surpassing the forecasted increase of 200,000. ⭐️Personal comments NOVA: After breaking the sideway price range, gold price recovered well. Moving with the H1 Uptrend, the price range 2688, 2700 is the target resistance area. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2687 - $2689 SL $2694 TP1: $2680 TP2: $2670 TP3: $2660 🔥BUY GOLD zone: $2656 - $2654 SL $2649 TP1: $2665 TP2: $2678 TP3: $2687 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
2
Gold Breaks Key Resistance Bullish Momentum Expected to ContinueSpot gold continues to extend yesterday’s bullish momentum, driven by a combination of factors, including growing concerns over global geopolitical tensions, an increased demand for safe-haven assets, and market expectations of potential rate cuts from the Federal Reserve. These fundamental factors have provided strong support for gold prices. From a technical perspective, spot gold has successfully broken above and closed above the key resistance level of $2660. This breakout has provided fresh momentum for bulls, and indicators on the daily chart, such as the RSI and MACD, show positive upward momentum, suggesting gold could continue to test the $2700 mark in the near term. Today’s Strategy: Long Position on Pullback: Consider entering long positions if gold retraces to the 2665-2670 region, capitalizing on the current bullish momentum. If prices break and hold above $2700, further upward movement is likely. Risk Management: Given the high volatility in the gold market, it is essential to implement strict stop-loss orders to protect against sharp price fluctuations due to unforeseen events. Disclaimer: The above analysis is for informational purposes only. All trading decisions should be made with strict risk management in place and avoid over-leveraging.
OANDA:XAUUSDLong
by Falcon-Training-Camp
2
The Bullion on the Rise Again📊 FX:XAUUSD Gold (XAU/USD) Weekly Market Update Hey traders, While I couldn’t prepare our usual video analysis, here’s a detailed breakdown of the Gold market alongside chart snapshots. Last week, Gold revisited the 2615 level, near the 38.2% Fibonacci zone , which turned out to be yet another bear trap. Many shorts got liquidated, as seen in the surge in short volume. Thanks to our strategy, we stuck with the trend, entering at 2629 . We’re now running a strong 400 pips Open P/L , with Gold currently heading towards the 26.2% Fibonacci zone. 🔑 Key Levels to Watch: Minor resistance expected at 2685 and 2710 before reaching the 2750 target profit. 🔍 Fundamental Backup to Our Trade: 1️⃣ Geopolitical Tensions: Escalating Middle East instability: Rebel forces ousted President Bashar al-Assad in Syria, heightening fears of broader regional uncertainty. Safe-haven demand for Gold surged as investors sought security amidst these developments. 2️⃣ China's Gold Purchases: China's central bank resumed gold acquisitions in November after a six-month break, providing additional bullish momentum. 3️⃣ Dovish U.S. Monetary Policy: Friday’s U.S. jobs report indicated softening labor market conditions, fueling expectations for a 25-basis-point rate cut at the Fed’s final meeting this year. Lower interest rates enhance Gold’s attractiveness as a non-yielding asset. 🔮 Potential Scenarios: Bullish: Sustained geopolitical instability and dovish monetary policy may drive Gold above the 50-period SMA (~$2,678) and closer to our target. Bearish: A reduction in geopolitical risk premium or sticky inflation could pressure Gold toward the 100-period SMA (~$2,586)- very unlikely. Stay sharp, watch these levels, and trade smart! 💡 🧠 Let’s Collaborate! What’s your take on GOLD this week? Share your ideas and charts below in comment. Let’s discuss whether we’re headed to new highs or revisiting support levels! Cheers, The NFX Team™ 💚
FX:XAUUSDLong
by niclaxfx
Targeting 2687 After Solid GainsToday, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure is too strong, once the price hits 2680, it's a good point to close the position.
OANDA:XAUUSDLong
by TradingGuide_Dean
xauusd toady target 3674Here's a summary of your updated XAU/USD trade plan: Trade Plan - Entry Point: Currently trading at 2616/2635 (assuming you're already in the trade) - Target: 2674 - Stop-Loss: 2614/2612 Market Analysis The XAU/USD is experiencing a bullish rebound, driven by a weakening US dollar and increasing inflation concerns. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum. - Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view. - Resistance Levels: The resistance levels at 2674 and 2685 could pose a challenge to the upward movement. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.4, which is relatively aggressive. - 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!
OANDA:XAUUSDLong
by Geroge_Fx
Gold Trends Forecast December 10🤑Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities. • The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices. 🥰Technical analysis: • Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power. • Expect Fibo 0.5 – 0.618 to buy back 🕯 Trading plan: 🔼Buy Gold: 2652 – 2650 SL: 2648 TP: 2656 -2662 – 2674 If SL this order buys back 🔼Buy Gold: 2645 - 2643 SL: 2640 TP: 2656 -2662 – 2674 – Open 🔽Sell Gold: 2686 – 2688 SL: 2692 TP: 2679 - 2660
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time. Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations! Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold! Bros, have you followed me to short gold? So how do you trade gold next?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
Last Leg XAUOverall uptrend still needs a leg to complete its wave. Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis. Last leg is to form the head and shoulders, synonym of long term tops. I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding. Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag. Let's see
EIGHTCAP:XAUUSDLong
by Osmanomics
High-level shock and callback strategyGeopolitical Tensions Drive Short-Term Gold Rally – Strategic Approach for the Next Move In recent sessions, geopolitical tensions, particularly Israel's military actions in Syria, have spurred risk-off sentiment, driving gold prices higher in early trading. However, despite the short-term surge fueled by geopolitical risks, gold prices have failed to break above last week's key resistance level at 2655. Given that gold is currently trading at historical highs, a correction or consolidation at these levels seems likely. We believe this rally is primarily driven by short-term geopolitical risk factors, rather than fundamental support. Once the market has priced in these risks, gold prices are likely to undergo a pullback, creating more favorable conditions for a long position at lower levels. Today's Strategy Recommendations: Short Strategy at Key Resistance: If gold rises above 2655, consider implementing a short position. If the price breaks above 2660, additional short positions can be added, anticipating downward pressure in the near term. Wait for Pullback to Enter Long: It is recommended to wait for a price pullback to a suitable support level before considering a long position. Exact entry points will depend on market reactions and technical signals. Disclaimer: This analysis is for informational purposes only. All trades should be executed with strict risk management in place, avoiding over-leveraging and ensuring capital protection.
OANDA:XAUUSDShort
by Falcon-Training-Camp
Gold's Short-Term Volatility and Long-Term OutlookExplosive Weekend News: The Syrian President Assad has abandoned the country, and the anti-government forces have won in this wave of unrest. The biggest beneficiary of this is not Israel, but the United States! Their control over the Middle East has reached its peak, and many domestic issues will now open breakthrough opportunities, significantly boosting the speed of economic recovery. Syria’s loss has been devastating for Russia and Iran due to tactical errors. Iran’s strategic arc has been broken, and Russia has lost important strategic points, undoing over a decade of planning. The unrest caused gold to gap higher today, but the expectations for the U.S. economy have led to a pullback in gold prices. Despite the ongoing turmoil, if this situation continues to develop, the U.S. dollar will inevitably emerge as the ultimate winner. Gold prices may gradually retreat after reaching a peak This is based on an analysis of the international situation, and it represents a long-term strategic outlook. Short-Term Outlook: Due to the ongoing turmoil, gold’s safe-haven demand remains intact. Technically, 2628-2618 is an important support zone, with resistance still focusing on the 2643-2652 area.
OANDA:XAUUSD
by TradingGuide_Dean
XAU/USD Longs from 2,590 or 2,570?Gold has been trading within a range, creating significant liquidity both above and below the current price. Once this consolidation phase breaks, I anticipate a reaction from either my supply or demand zones. Overall, my bullish outlook on gold remains intact. I am particularly focused on the demand zones around 2,570 and 2,590, which I’ve marked as key areas. If the price reaches these levels, I expect a slowdown, allowing for accumulation before initiating a new rally to the upside. Confluences for GOLD Buys: - Bullish Market Structure: Higher timeframes continue to show strong bullish momentum. - Break of Structure: Price has broken key levels to the upside. - Unmitigated Demand Zone: Price needs to revisit these areas before continuing higher. - Liquidity Above: There’s a notable amount of upside liquidity, particularly around Asian session highs. Note: If gold takes out the upside liquidity, I’ll shift my focus to potential sells around 2,670, targeting the 5-hour supply zone for a reversal back down.
OANDA:XAUUSDLong
by Hassan_fx
Xauusd weekly chart Gold opened in a calm manner on Monday and spent the rest of the week fluctuating in a narrow channel at around $2,650. Trade Balance data from China and November inflation figures from the United States could help XAU/USD break out of its trading range next week. Gold resistance 2666/2690 On the flip side, the Asian session low, around the $2,614-2,613 region, now seems to act as immediate strong support ahead of the $2,605-2,600 area. This is followed by the 100-day SMA, currently around the $2,583 zone, below which Gold support 2604/2591
OANDA:XAUUSDLong
by JohnHarry_7
XAUUSD - Gold Awaiting NFP!In the 4H timeframe, gold is below the EMA200 and EMA50 and has exited its ascending channel. If gold re-enters the channel and stabilizes above the drawn downward trend line, we can witness the continued rise of gold and limited visibility of the channel ceiling. Within the supply zone, we can sell with appropriate risk reward. The failure of the support area paves the way for gold to fall and you can buy in the demand zones. The U.S. nonfarm payroll report is set to be released today, drawing the full attention of markets. It is expected that nonfarm jobs will increase by 200,000, primarily due to the resolution of the Miloten hurricane and the conclusion of Boeing’s strike. However, recent charts indicate a declining trend in nonfarm employment over the past few years, confirming the weaker labor market conditions that the Federal Reserve has noted during its rate-cutting cycle. Even if the headline figure exceeds 200,000, it is unlikely to prompt a change in policymakers’ stance. The unemployment rate is also projected to rise to 4.2%. Markets may look for meaningful insights from today’s employment data, but they are unlikely to find anything substantial. Overall, the Federal Reserve is expected to cut interest rates again in December. Forecasts for job growth range between 155,000 and 275,000, compared to just 12,000 new jobs in September. The unemployment rate for this month is anticipated at 4.2%, slightly up from 4.1% last month. Last month’s precise unemployment rate was reported at 4.145%, while the labor force participation rate stood at 62.6%. In terms of wages, annual average hourly earnings growth is expected to slow to 3.9%, down from 4% last month. Monthly wage growth is forecasted at 0.3%, slightly below the previous month’s 0.4%. Average weekly working hours are expected to remain unchanged at 34.3 hours. Key data released so far include: • ADP Report: 146,000 jobs added compared to 150,000 in the previous month. • ISM Services Employment Index: Declined to 51.5 from 53, still the second-highest figure of the year. • ISM Manufacturing Employment Index: Rose to 48.1 from 44.4. • Challenger Job Cuts: 57,727 compared to 55,597 in the previous month. • Philadelphia Fed Employment Index: Increased to 8.6 from -2.2. • Empire State Employment Index: Rose slightly to 0.9 from 4.1. Recent trends suggest that the labor market is generally weakening, though temporary improvements are evident in some areas. JOLTS data paints a similar picture, with most Federal Reserve members convinced that the labor market is cooling. However, a single NFP report is unlikely to alter this broader trend, particularly given the influence of hurricanes, elections, and the end of Boeing’s strike on the numbers. On the other hand, President-elect Donald Trump's pro-business policies and "America First" approach have pushed gold prices lower ahead of the new year. However, one Canadian bank believes that gold's upward trend is not over yet. While markets may need time to adjust to Trump's economic policies, CIBC analysts remain bullish on gold's future in 2025. Investors should not be surprised by the gold market's current woes, the analysts said, as a similar trend was seen in 2016, during Trump's first term. The Bank of Canada has reiterated its summer forecasts and stated that Trump's impact on the gold market will ultimately be positive. According to analysts, “It may take several seasons, but inflationary pressures will eventually show. Although this issue may challenge the trend of interest rate cuts, we believe that wealth preservation and the desire of non-US investors and central banks for safe assets will continue to support gold prices." Peter Schiff, chief strategist at Euro Pacific Asset Management, believes that the price of gold will not return below $2,000 an ounce, and that the price of gold is likely to double or triple. He noted that gold fluctuated between $1,500 and $2,000 from 2011 to 2024 and has now reached higher levels without resistance. Schiff emphasized at the New Orleans investment conference that the performance of gold this year shows the strength and high potential of this valuable metal. He also predicted that as the price of gold rises, more investors will be interested in stocks of mining companies. Meanwhile, BlackRock emphasized in its recent report that the Federal Reserve does not appear to have entered a typical cycle of interest rate cuts. The analysis shows that the Federal Reserve is likely to cut interest rates further in 2025. This reduction will occur in a situation where economic growth will slow down somewhat, but inflation will still remain above the target. Therefore, the Fed is unlikely to cut interest rates below 4%, and rates will remain above pre-pandemic levels.
FOREXCOM:XAUUSDLong
by Ali_PSND