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Xauusdsell

XAUUSD strong selling setup Gold pulls away from daily highs, holds near $2,650 Gold retreats from the daily high it set above $2,660 but manages to stay afloat in positive territory at around $2,650, with the benchmark 10-year US Treasury bond yield losing more than 1% on the day. Despite Friday's rebound, XAU/USD is set to register losses for the week.Technically, Gold buyers are fighting back control, justified by the 14-day Relative Strength Index (RSI) briefly recapturing the 50 level. However, with the Bear Cross still playing out, Gold price’s bullish conviction could likely peter out. If Gold buyers fail to find acceptance above the 50-day SMA at $2,670 on a daily closing basis, sellers will likely jump back, sending the bright metal back toward the previous day’s low of $2,621. The next support aligns at the weekly low of $2,605, below which a drop toward the 100-day SMA at $2,573 cannot be ruled out. The in-line with expectations US Personal Consumption Expenditure (PCE) Price Index data released on Wednesday failed to deter Fed rate cut expectations as markets now pricing in about a 63% chance of a December Fed rate reduction, the CME Group’s FedWatch Tool shows, up from about 55% seen a week ago. The dovish sentiment around the Fed’s next policy action continues to underpin the non-interest-bearing Gold price.
OANDA:XAUUSDLong
by KingForex078
Gold has made a profit of 300% this weekTechnical analysis of gold: Gold is currently in a range of fluctuations. It was under pressure near 2650 yesterday and then fluctuated and retreated, but it rose sharply again in the morning near 2634. It is still in the stage of rebound correction after the plunge, showing a range of fluctuations. The short-term trend is still strong, but it is unlikely to form a unilateral trend of rising. The main support is still the unstable factor of the escalation of regional situation. The inflation premium of currency depreciation is long-term, but the risk aversion sentiment is short-term and fast. After the plunge at the beginning of this week, the price of gold has basically been in a state of low correction, and there has been a certain decline during the period. At present, the large-range triangular wedge consolidation is very obvious, and the short-term trend of the long and short roller coaster has no continuity. After the early morning trading today, it is a good opportunity to go short. The white plate pulled up falsely and pierced 2665-2670 during the day to directly go short. The upper rail pressure of the range is given to go short! The short-term price will also increase in volume and wait for the point to be touched before the short enters the market! From the technical trend, gold will most likely continue to fluctuate within the current range in the near future, and the operation will be mainly short-term quick entry and exit. The sharp rise in the early trading is not expected to continue. Now the hourly chart of gold has shown a big positive resistance line pattern, and the current price is close to the edge of the previous upward trend line, and there are signs of a short-term decline! So there is nothing to hesitate about the operation. Continue to short gold at the current price of 2665, and continue to look at the 2640-2635 area in the short term.
OANDA:XAUUSD
by ckb6ckb6
Shorting gold is my best Thanksgiving gift to youBros, although gold has risen sharply to around 2646 in the short term, from the overall structure, the rebound strength of gold is still lacking, and it has never been able to break through the key level, resulting in limited room for gold to rise; and gold still faces the resistance area of ​​2650-2655 in the short term. So don't be scared by the sharp fluctuations in the short term. The rebound is an opportunity to short gold; in addition, once gold forms a falling relay platform, gold is likely to continue to fall and try to reach 2600, or even 2580. Bros, this is my Thanksgiving gift to you! Be brave to short gold! Bros, have you shorted gold like me? 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's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range. However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547. Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
OANDA:XAUUSD
by TradingGuide_Dean
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook: In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits. With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance. Today's Trading Strategy: Sell Zone: Short positions near 2640 and above. Buy Zone: Long positions near 2620 or lower. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
OANDA:XAUUSD
by Falcon-Training-Camp
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases. That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
OANDA:XAUUSD
by XU99
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound. However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
OANDA:XAUUSDShort
by TradingGuide_Dean
Sorry, I've already started shorting goldBros, gold rose to the 2650-2660 area as expected, and we made a very good profit on the long position we held since yesterday. At present, gold has reached a high of around 2654. Then it is obvious that since gold fell from 2721 to 2604, its 50% split line is exactly in the 2660-2665 area; and in the short term, since gold fell from 2688 to 2604, its 61.8% split line is exactly in the 2655-2660 area. So gold faces resistance in the 2655-2665 area in the short term. If the current rebound of gold is just a correction to the downward trend, then gold may still fall again when facing this resistance area. So I have reminded everyone that you can short gold near 2653, bros, wish us good luck! Bros, have you shorted gold like me? 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
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.
OANDA:XAUUSDLong
by TradingGuide_Dean
XAUUSD SELL setup Gold price climbs above $2,650 on trade war concerns, sliding US bond yields and softer USD Gold price sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day. Hotter-than-expected US inflation data could raise further doubts about the Fed’s rate cut trajectory, reinforcing selling pressure around the Gold price. The 21-day SMA crossed the 50-day SMA from above on a daily closing basis on Tuesday, confirming a Bear Cross. Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) remains below the 50 level, currently near 47. Therefore, any upside attempts in Gold price could likely be sold into unless buyers find acceptance above the 21-day SMA and 50-day SMA crossover near $2,660. The next topside barriers are at the $2,700 level and Monday’s high of $2,721. Alternatively, the immediate support is at the previous day’s low of $2,605, below which a drop toward the 100-day SMA at $2,569 remains in the offing.A ceasefire between Israel and Lebanon helped reduce the haven demand for the Greenback, exerting additional downward pressure even though the Minutes of the US Federal Reserve (Fed )November meeting showed that officials were divided on further rate cuts. Reuters reported, “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.”
OANDA:XAUUSDShort
by KingForex078
Hold on to the short position and don't give up!Bros, gold once rose to around 2658. Seeing the sharp rise in gold in the short term, have you given up your short position? I still insist on holding short orders near 2653. Although gold rose sharply to near 2658 in a short period of time, it did not break through the 50% dividing line in the 2660-2665 area; and the daily level resistance is also located near 2660. and the daily level resistance is also located near 2660. So I have reason to believe that after gold fails to effectively break through the 2660-2665 area, it will usher in a wave of retracement in the short term, and the retracement target is 2640-2635 area. Therefore, I still continue to hold a short position in gold and look forward to a good result and continue our winning streak! Bros, have you shorted gold like me? 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
1
Target Achieved, Future OutlookAfter a prolonged period of consolidation, gold has finally reached above 2650, just as we predicted, bringing in great profits! The price is now in a selling pressure zone, with key data releases approaching. In this case, it's prudent to pause trading and observe the selling pressure around 2660. If the selling pressure is strong, you can follow the trend to short, but be mindful of the strong support zone below. As long as it holds, gold is likely to continue its upward movement. Therefore, do not hold short positions too long. If there's a second surge in volume and a breakout occurs, gold could rise towards the 2680 zone.
OANDA:XAUUSDShort
by TradingGuide_Dean
Trading Strategy Amid Geopolitical and Economic DataMarket Review and Outlook: During the Asian session on Wednesday, gold attracted some follow-up buying, successfully holding support around the 2630 level and moving up to face significant resistance near the 2650 mark. The ongoing geopolitical risks related to the Russia-Ukraine conflict, coupled with concerns over President-elect Trump's tariff plans, have continued to drive safe-haven flows into precious metals for the second consecutive day. However, the upward momentum seems to be lacking strength, and with today's key economic data releases—including the initial jobless claims and the U.S. October core PCE price index year-over-year—the market may see more defined direction. Thus, we will adopt a two-way strategy for trading gold today. Today's Trading Strategy: Sell Zone: Short positions can be considered between the 2645-2650 range. Buy Zone: If the price falls back to 2630, look for opportunities to go long. Market Watch: Given the economic data releases, anticipate increased volatility and stay prepared for quick adjustments. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always adhere to proper risk management practices and avoid overleveraging your trades.
OANDA:XAUUSD
by Falcon-Training-Camp
Key Resistance at 2630 Ahead of FOMC MinutesMarket Review and Outlook: As anticipated in my previous post, gold has been trading within a range, primarily between the 2600 and 2630 levels. Although there was a brief breakout above 2630, the price ultimately formed a long upper wick on the daily candle, indicating strong resistance at this level. This reinforces the idea that 2630 remains a crucial resistance zone for the short term. With the release of the Federal Reserve’s November meeting minutes in about an hour, we can expect the potential for gold to find a new directional bias. From my perspective, the expectations for further rate cuts have diminished significantly, and the overall outlook for the U.S. economy remains relatively stable. With a new president in office, it is unlikely that the U.S. economy will face significant challenges in the near term. Therefore, there is a high probability that the minutes could turn out to be bearish for gold. Trading Strategy: Given the current market conditions and the upcoming event, my recommendation is to continue focusing on shorting gold: Short Position: If gold rises above 2630 again, consider shorting. Resistance Target: Watch for further downside if 2630 holds as resistance. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always ensure strict risk management and avoid excessive leverage when trading.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU sideway - in DOWN range below zone 2646SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Optimism surrounding Scott Bessent's nomination as US Treasury Secretary and progress on the Israel-Hezbollah ceasefire agreement put significant pressure on gold prices at the start of the week. Expectations that Bessent will adopt a gradual approach to tariffs to address the budget deficit drove a sharp decline in US Treasury bond yields, further weakening the US Dollar. ⭐️Personal comments NOVA: Gold moves sideways, stuck in the 2600 - 2646 range, still in a downtrend ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2630 - $2632 SL $2635 TP1: $2620 TP2: $2610 TP3: $2600 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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:XAUUSDShort
by Nova-Scalper
1
Recovery Strategy for Long/Short PositionsAre You Stuck in a Long Position and Thinking of Cutting Losses? Or Has Your Account Been Blown and You Want to Recover? From my personal perspective: If you're stuck in a long position and considering cutting losses: I suggest you hold on for a bit longer. Gold is currently in a short-term bottoming process. If you close your position now and prices go up, you will likely regret it. Trading with regret can lead to emotional decisions, and you might make the same mistake again. Patience could bring unexpected gains. If your account has taken a hit and you're looking to recover: I suggest preparing more funds to continue buying. A rebound is inevitable, and 2640 is almost guaranteed to be reached. My target is around 2650, though it may change depending on market developments. But 2640 is a solid expectation. If you entered short positions during the recent decline and got caught: You can open a long position to recover while waiting for a rebound. Once the price reaches 2640, you can close the long position and decide whether to add shorts again based on market conditions. This is my advice, and I hope it helps you make a better decision moving forward.
OANDA:XAUUSDLong
by TradingGuide_Dean
Gold in a Holding Pattern: Awaiting FOMC Minutes for DirectionMarket Review and Outlook: Since yesterday’s sharp decline, gold has found strong support around the 2600 level, with resistance capping the price below 2630. As a result, gold is expected to remain within the 2600-2630 range today, with limited movement outside of this zone. The main reason for this confined price action is the upcoming release of the Federal Reserve’s November meeting minutes tomorrow. The market anticipates that these minutes could provide key insights into the Fed’s future monetary policy, which will likely guide gold’s next directional move. Given this, it’s unlikely that gold will experience significant volatility today ahead of the announcement. Today's Trading Strategy: Buy Opportunity: If gold drops near the 2610 level, consider going long. Sell Opportunity: Look for shorting opportunities if the price approaches 2630. Target Range: Expect gold to oscillate between 2600 and 2630 today. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Please ensure that risk management protocols are followed and avoid overleveraging your positions.
OANDA:XAUUSD
by Falcon-Training-Camp
Gold Analysis: Navigating the Wild Swings in XAUUSDNot long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips. Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard, while 600–800 pips—or even the occasional 1,000—are no longer rare occurrences. But let’s set aside the preamble and dive straight into what we might expect from gold in the near future. In my analysis yesterday, I suggested that a lower high, relative to the previous all-time high, might be forming. This led to the idea that selling into rallies after the normal correction of the Asian session drop could be a viable strategy, with an initial target around the 2650 level. True to its newfound roller-coaster nature, gold once again surprised us by plunging far deeper than anticipated, hitting a low around the 2605 support zone. As outlined in the previous analysis, the short-term trend has now probably shifted to bearish, and a further decline towards the 2520 support level is not out of the question. Key Levels and Trading Strategy - Sell Rallies: Potential selling opportunities could emerge on rallies near 2640, with a stronger resistance level at 2660 providing an additional entry point. - Interim Support: The 2590 zone could serve as a short-term target, while an extension towards the 2520 level presents an attractive setup for a swing trade. Given the current market conditions and gold’s remarkable volatility, these levels are merely guidelines. In such an environment, adaptability and careful risk management are critical for navigating the market successfully. Keep in mind, anything can happen in these market conditions—stay prepared!
OANDA:XAUUSDShort
by Mihai_Iacob
13