GOLD (XAUUSD): pullback from resistanceThe sudden pullback to 2690 turned out to be the condition that the bulls were probably waiting for all along. The price rose to 2696 and is moving towards the resistance at 2702. The bullish bias is prevailing over the bearish signals. Buy zones to watch out for are 2676 and 2660. The target is the old peak zone of 2625 and 2750, which is the target level for all buy signals this week.
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Xauusdsell
Gold Trend and PatternsTrend and Patterns
Long-term trend: Based on the latest analysis, the XAUUSD pair shows mixed signals. On the one hand, there are forecasts for a possible rise in the gold price to $2900-$3000 levels in 2025, after which a significant drop to $1700-$1500 is expected. On the other hand, current analyses point to a possible continuation of the uptrend in the short term.
Support and Resistance Levels
Support: Important support levels include areas around 2607 and 2638.88 where there is buying interest.
Resistance: Resistance levels include 2663, 2680.35, and a higher level around 2720, which may restrain further price gains.
Indicators and Oscillators
Fibonacci: The use of Fibonacci levels shows that the pair is testing pullback levels such as 38.2% and 61.8%, which may provide signals for market entry.
Market Sentiment: Sentiment analysis shows that retail traders are often in long positions, which may indicate the possibility of counter-trend trading.
Conclusion
The XAUUSD pair has exhibited volatility typical of precious metals this year, with possible upside and downside scenarios. Strong support and resistance levels indicate potential entry and exit points for trading. It is important to keep an eye on the key levels mentioned above, as well as macroeconomic news that can significantly influence the gold price.
XAUUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
1/14 Gold Trading StrategiesTrading Strategy:
SELL 2677-2684
TP 2664-2652
Resistance is located between 2677 and 2684, while support is between 2656 and 2648.
On the 1-hour chart, this pullback has not broken below the support zone, so the overall trend remains bullish. During this rebound, the key resistance lies in the 2677-2684 range. If the resistance is not broken, a retest of the support becomes inevitable. Based on the current indicators and market structure, the probability of a breakout seems low. Therefore, the trading strategy is to focus on shorting around the resistance zone.
Continue to short gold after the reboundI have published today's trading strategy in the channel, although gold’s decline has started to slow and localized rebounds are emerging, I believe the overall trend has not reversed, and the downward movement is likely to continue. Therefore, I do not think this is the right time to go long on gold. Opening long positions now could result in those positions being overwhelmed by the continued bearish momentum.
For short-term gold trading, I will maintain my strategy of shorting gold following any rebounds. The short-term short-selling target area mainly focuses on 2672-2682,and my target remains in the 2660-2650 range. Stay disciplined and patient in executing your trades!
Bros, are you optimistic about the decline 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!
XAUUSD 1H BUY PROJECTION 13.02.24Reason for XAUUSD Buy
Gold can be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be volatile in the short term, it has maintained its value over the long term.
NFP market, try to short gold!Dear traders:
Gold is currently hovering around 2680, maintaining a bullish structure. However, based on the current price action characteristics, I am hesitant to continue chasing long positions. Over the past two days, there has been significant volatility, with many false signals emerging, making me cautious about blindly going long on gold.
With the NFP and unemployment rate data set to be released in 30min, I believe that even if gold continues its upward trend, the news-driven market may first flush out many lower-level long positions. As a result, gold could experience a pullback before resuming its trajectory.
So in short-term trading, I will still choose to short gold in the 2680-2690 zone first, with the target pointing to the 2660-2650 region.Bros, are you optimistic about the decline 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!
1/9 Gold Trading StrategiesThe previous decline has been almost fully recovered, and from a rebound perspective, it is nearing its conclusion. A pullback of about 1/3, roughly $30, is expected next, which presents a trading opportunity.
Sell between 2670 and 2685, with a take profit (TP) target at 2638-2628.
XAUUSD/GOLD 1H BUY PROJECTION 07.01.25Import costs and currency fluctuations - Differences in currency exchange rates and higher import costs have contributed to rising gold prices in other regions. Local taxes, market conditions, and logistical challenges also add to the disparity between Indian and global rates.
XAUUSD XAU/USD, GOLD
In the Forex market, gold is a form of currency. The internationally accepted code for gold is XAU which is a symbol used under the ISO 4217 currency standard to denote one troy ounce of gold. It is known to be a “safe-haven” asset, expected to increase its value in times of volatility and economic uncertainty.
The XAU/USD pair tells the trader how many US Dollar (the quote currency) are needed to purchase one Gold Ounce (the base currency). The United States is the country that holds the biggest resources of gold in the world.
Gold prices continue to decline after a correction on Tuesday Gold prices continue to decline after a correction on Tuesday
When news of Trump's tariffs broke earlier, the US dollar fell nearly 1% and gold took the opportunity to turn higher and approach the 2650 level. However, given that the 2639 level was broken in the morning, it is difficult for gold to return to strength immediately. Therefore, it is necessary to close positions at this time and move to sell. The rise and fall of the market price has also been confirmed. my judgment.
Next, focus on the support line formed by the lows of 2610-2615. It is important to note that even if there is a price buffer in late trading, you can still consider selling around 2640. Pay attention to. the 2610-2615 support situation below. If there are signs of stability, you can strike back in time.
Gold trading tip: sell around 2640-2645 after a bounce SL 2652 TP 2620.
🚀 Trade with the professionals of THS - Wave Theory!
🔹 All trades are based on wave analysis.
🔹 Fixed stop loss and take profit for risk management.
🔹 100% automation: copy trades through CopyFX service.
🔹 Reliability and transparency: the results are confirmed by the market.
📈 Don't miss the chance to earn steadily!
👉 Connect to CopyFX with THS and start copying profitable trades right now!
💡 Details on our channel and in the app!