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Unlock the Power of Gold: Proven Price Action Strategies!FXOPEN:XAUUSD @Alexgoldhunter Price Action Analysis and Strategy Key Elements on the Chart Current Price: The chart shows the current price of Gold at 2,615.90 USD. Break of Structure (BOS): Several points indicate significant price movements, suggesting potential shifts in the trend. Fibonacci Retracement Levels: 0.382 Level: 2,607.94984 USD 0.5 Level: 2,615.87 USD 0.618 Level: 2,623.79016 USD 0.705 Level: 2,629.6296 USD 0.786 Level: 2,635.06632 USD Volume: Shown at the bottom of the chart with varying heights, indicating trading activity levels. Relative Strength Index (RSI): Current values are 45.59 and 32.11, suggesting neutral to slightly oversold conditions. Moving Average Convergence Divergence (MACD): Current values are 1.83, -7.50, and -9.33, indicating bearish momentum with potential for a bullish crossover. Buy Strategy Entry Point: Consider entering a buy position near the 0.382 Fibonacci level (2,607.94984 USD), especially if the price shows signs of reversal with increasing volume. Confirmation: Look for a bullish break of structure (BOS) and RSI moving above 50. Target: Aim for the 0.618 Fibonacci level (2,623.79016 USD) or higher, with potential for additional targets at the 0.705 and 0.786 levels. Stop Loss: Place a stop loss below the recent low or the 0.382 Fibonacci level to minimize risk. Sell Strategy Entry Point: Consider entering a sell position near the 0.786 Fibonacci level (2,635.06632 USD), especially if the price shows signs of reversal with decreasing volume. Confirmation: Look for a bearish break of structure (BOS) and RSI moving below 50. Target: Aim for the 0.5 Fibonacci level (2,615.87 USD) or lower, with potential for additional targets at the 0.382 and 0.618 levels. Stop Loss: Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk. Conclusion This analysis combines price action techniques with technical indicators to generate a buy and sell strategy for the XAU/USD pair. By using key levels, volume, RSI, and MACD, traders can make informed decisions and manage their risk effectively. Follow @Alexgoldhunter for more strategic ideas and minds
FXOPEN:XAUUSD
by Alexgoldhunter
ANNUAL CLOSING PREDICTION🌟 XAU/USD Gold Forecast - Monday, December 16, 2024 🌟 Gold (XAU/USD) is heading into Monday with a bullish outlook but faces key resistance at $2,765. A breakout above this level could propel prices higher, aligning with the current uptrend. However, if resistance holds, we might see a correction towards the strong support zone at $2,545. 🔑 Key Levels to Watch: Resistance: $2,765 – A critical ceiling for upward movement. Support: $2,545 – A safety net for price drops. 📈 Market Sentiment: Gold’s momentum remains positive, supported by ongoing economic uncertainties. But keep an eye on potential short-term pullbacks if buyers hesitate at resistance levels. 📅 Week Ahead: Gold remains a top safe-haven asset amidst fluctuating market conditions. Watch for breakout opportunities as the trend develops. Stay tuned for updates and live action on XAU/USD throughout the week! Anticipates gold prices reaching $2,500 per ounce by year-end, assuming a Federal Reserve rate cut
FOREXCOM:XAUUSDShort
by TREXTROFX
XAUUSD looking for recovery? 1H analysisOANDA:XAUUSD XAUUSD went bearish after the FOMC news and made the weekly low of 2584. Traders had anticipated 25 bps cut but the 2 rate cuts in coming year was a surprise and everyone took it positively. TVC:DXY went strong bullish and peaked at 108. Now for today's trading opportunity I have simplified the levels for you people. For now, let's see if it's technical correction or just bullish continuing. BUY LEVELS: 2619 If market is able to hold above the level. SELL LEVELS: 2584 a major level and fall below this means short 2638 a level that can be considered a resistance for being in line with SMA 2656 A strong resistance level that is great short level. NOTE: there is economic news coming in the us session. so if you are new trader stay, stay away from market. If yore regular trader then be lenient with stops. & Always if you like my idea then boost it and share your thoughts in the comments.
OANDA:XAUUSD
by Forex_Analysis_Wing
GOLD change of trend? Daily EMA heading for the trend line SHORTHello fellow traders This idea is based on a few technical indicators and latest news entering this trade with a T/P at 2550 being Value area zone and close to daily EMA 200. The S/L just above the daily candle at 0.382 Fib level entry as I believe this is the strong 'correction' and recovery to 0.5 or 0.618 less likely Trade carefully, always protect your capital with a s/l which you can handle without tearing your hair :D BTW- this is just an idea not a trading advise, good luck
OANDA:XAUUSDShort
by lb-counts
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
1 hour and 4-hour timeframes outlook & analysis 1-Hour Chart Analysis: 1. RSI and Signal Line: • RSI is at 54.17, above the neutral 50, indicating moderate bullish momentum. • The signal line (42.28) lags behind, suggesting a delayed confirmation. 2. Bollinger Bands: • Price is above the Bollinger midline, heading toward the upper band, indicating upward momentum. • Breaking the upper band would confirm stronger bullish sentiment. 3. Ichimoku Components: • Lagging span and conversion line show bullish attempts but are still close to key resistance. 4. Key Levels: • Resistance levels at Take Profit 2 (2629.88) and Precision RES 2 (2627.70) are crucial. • Fibo 38.2% at 2624.19 acts as immediate support for continuation. 5. Volume and ADX: • Volume signals are mixed, and ADX trend strength at 28.78 indicates a developing trend but not yet strong. 4-Hour Chart Analysis: 1. RSI and Signal Line: • RSI is at 40.32, below the neutral 50, showing weak bullish momentum on the higher timeframe. • Signal line (36.29) lags, indicating bearish pressure still exists. 2. Ichimoku Components: • Lagging span and conversion line are below the price, suggesting the market is trying to transition from bearish to neutral. • Immediate support from the Ichimoku conversion line at 2616.73. 3. Key Levels: • Immediate resistance at EMA 8 (2622.77) and MA 5 (2618.27). • Fibo 23.6% at 2615.89 provides a critical support level to watch for bullish continuation. 4. Volume and ADX: • Negative volume spikes (-76.85%) indicate bearish dominance. • ADX at 40.76 with DI- (35.38) above DI+ (10.32) shows the bearish trend is still active but weakening. Combined Analysis: 1. 1-Hour Trend: • Bullish attempts are evident, but resistance around 2627.70 (Precision RES 2) and 2629.88 (Take Profit 2) must be cleared for confirmation. • The RSI supports short-term bullish momentum. 2. 4-Hour Trend: • The 4-hour chart suggests the bullish attempts on the 1-hour are within a broader bearish trend. RSI below 50 confirms this. • Strong support lies at 2615.89 (Fibo 23.6%) and 2601.42 (MA 9). Recommendations: 1. For Long Trades: • Wait for 1-hour confirmation above 2627.70 and 4-hour RSI to cross 50. • Ensure Ichimoku lagging span and conversion line align bullishly on both timeframes. 2. For Short Trades: • If price rejects 2627.70 and falls below 2615.89, consider shorting with a target at 2601.42. 3. Risk Management: • Place stop loss below 4-hour support at 2615.89 for long trades and above 1-hour resistance for short trades.
FX:XAUUSDShort
by ICHIMOKUontheNILE
1
Gold Short Trade 11/12/2024### Technical Analysis for Gold Futures *Current Pattern:* - *Rising Wedge Formation*: The recent price action suggests that Gold Futures are forming a rising wedge pattern. This bearish pattern indicates that momentum is weakening despite rising prices and may precede a price decline. Traders should look for confirmation of a breakout below the lower trendline to validate this pattern. *Key Resistance Levels*: - *Double Top Formation*: A double top has emerged in the price structure, further reinforcing the bearish outlook. The market has struggled to break above the previous highs, indicating potential exhaustion among buyers. *Target Levels for Price Decline*: - *$2693*: Watch for this level as a potential pivot point. If we break below, it could trigger further selling pressure. - *$2687*: This could serve as the next support; a breakdown here might push prices lower. - *$2676*: Another critical support level, further affirming bearish sentiment if breached. - *$2667*: A substantial support area where buyers may step in; however, sustaining a break below this level could indicate a more significant downward trend. *Volume Analysis*: - Pay close attention to trading volume as prices approach these key levels. A decrease in volume during upward movements could indicate weakening bullish sentiment, while increased volume on downward moves might confirm the bearish trend. *Risk Management*: - It's crucial to implement proper risk management strategies. Consider setting stop-loss orders above key resistance levels to protect against unexpected price reversals, and define your risk-reward ratio clearly before entering any trades. ### Summary: Overall, the technical indicators suggest a bearish outlook for Gold Futures with a rising wedge and double top formation. Key monitoring levels are $2693, $2687, $2676, and $2667 for potential sell opportunities. Maintain awareness of trading volume and employ risk management strategies to navigate this market safely. Safe trading, everyone! 📉💼
EIGHTCAP:XAUUSDShort
by SRFXGlobal
Technical Analysis for Gold Spot/USD (1-Hour Chart)Current Market Overview Current Price: $2,618.80 Trend: Bearish, with a significant downtrend after rejection from the $2,730 zone. However, a recent bounce near the NY Midnight Open ($2,610.32) suggests a potential short-term reversal. Key Levels to Watch: Resistance Levels: $2,640, $2,660, $2,686, and $2,700 Support Levels: $2,610, $2,580, $2,560 Bullish Scenario Technical Factors Price Action: The price has rebounded from $2,610, a critical support level, forming a higher low on the shorter timeframes. Green delta volumes near $2,610 suggest buying activity, supporting the recent bounce. Indicators: The pink EMA cloud is still bearish, but a sustained close above $2,620 will indicate a potential shift in momentum. The buying delta volume dominance (89.39%) signals bullish interest at current levels. Upside Potential: If buyers sustain above $2,620, the next resistance levels are $2,640 and $2,660. A breakout above $2,660 could lead to further upside toward $2,686 and $2,700. Probable Entry Points Entry: Aggressive Entry: Near $2,620 if bullish candles confirm strength (e.g., bullish engulfing). Confirmed Entry: Break and close above $2,640 with volume. Take-Profit Targets Short-term TP1: $2,640 (nearest resistance). TP2: $2,660 (key resistance with heavy sell-side activity). Extended TP3: $2,686 (next major resistance level). Stop-Loss Place SL below $2,610 to limit downside risk. Bearish Scenario Technical Factors Price Action: The price is still below the pink EMA cloud, and lower highs and lower lows dominate the larger trend. Rejection from $2,640 or failure to hold $2,620 will confirm bearish continuation. Volume Analysis: Despite the current bounce, strong sell volumes persist near $2,640 and $2,660, indicating that sellers remain active. Bearish continuation is likely below $2,610. Support Breakdown: A breakdown below $2,610 will open the path toward lower support zones at $2,580 and $2,560. Probable Entry Points Entry: Aggressive Entry: Near $2,640 if price rejects resistance with bearish confirmation (e.g., bearish engulfing). Confirmed Entry: Close below $2,610 with strong sell-side volume. Take-Profit Targets Short-term TP1: $2,580 (major support zone). TP2: $2,560 (key demand zone). Extended TP3: $2,540 (critical support). Stop-Loss Place SL above $2,640 to avoid being caught in a bullish reversal. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,620 - $2,640 Below $2,610 TP1: $2,640, TP2: $2,660, TP3: $2,686 Bearish $2,640 - $2,610 Above $2,640 TP1: $2,580, TP2: $2,560, TP3: $2,540 Conclusion Bullish Bias: A break and close above $2,640 will shift the short-term trend bullish, targeting $2,660 and $2,686. Bearish Bias: Rejection at $2,640 or a breakdown below $2,610 will likely push the price lower toward $2,580 and $2,560. Recommendation: Watch price behavior around $2,640 (resistance) and $2,610 (support) for confirmation before entering a trade. Use tight stop-losses and follow volume dynamics closely to align with market momentum.
FX:XAUUSDLong
by ProspireWealth
Gold Trading Idea 1 Hour 19/12/2025### Technical Analysis of Gold *Current Market Overview:* Gold has recently completed what appears to be a five-wave structure, leading into an ABC correction. Price action indicates that gold trades within a defined range of 2603 to 2620, primarily focusing on the 2628 to 2643 levels. Understanding the potential movements based on this analysis can assist traders in making informed decisions. *Key Levels to Watch:* 1. *Resistance Levels:* - *2613.00:* This level serves as a critical resistance point. Continued trading below this level reinforces bearish sentiment. - *2633.00:* If the price breaks above 2613.00, this level might serve as the next resistance target. - *2651.00:* This level is a further resistance barrier if bullish momentum continues beyond 2633.00. 2. *Support Levels:* - *2589.89:* Immediate support appears here, providing a potential safety net for any downward price action. - *2576.00:* Should the price break below 2589.89, this level becomes the next significant support target. - *2557.00:* This level extends the bearish outlook if broken and could draw prices down further. *Market Sentiment:* - The prevailing sentiment appears bearish, with a preference for short positions if the price is below 2613.00. - A target of *2576.00* would indicate a minor correction, while *2557.00* could indicate a more profound decline in the event of further downside momentum. *Alternative Scenario:* - Should the price successfully breach the 2613.00 resistance, it could lead to a bullish retracement. In this case, targets of *2633.00* and *2651.00* should be monitored closely, as they may provide potential exit points for long positions. *Conclusion:* Gold's price dynamics indicate a struggle at the 2613.00 resistance, setting the stage for potential short positions if this level holds. However, a breakout above this point could signal a shift towards bullish sentiment. Traders should remain vigilant about upcoming price action and volume at these key levels to better position themselves within this market context. Regular updates will be essential as market conditions evolve. *Recommendations:* - Consider initiating short positions below 2613.00, targeting 2576.00 and 2557.00. - Watch for any signs of bullish reversal above 2613.00, and prepare to adapt positions accordingly if the upside targets of 2633.00 and 2651.00 are engaged. *Disclaimer:* The analysis provided is for informational purposes only and does not constitute financial advice. Always conduct due diligence and consult a financial advisor before making investment decisions.
OANDA:XAUUSDLong
by SRFXGlobal
FED RATE CUT BY 0.25 BPS / GOLD MOVEMENTTRADINGVIEW: Plan day 19 December , 2024 ⭐️Personal comments "Pips & Profit": The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635 SL $2640 TP1: $2625 TP2: $2610 TP3: $2600 🔥BUY GOLD zone: $2585 - $2583 SL $2578 TP1: $2595 TP2: $2607 TP3: $2624 Let support "Pips & Profit" by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone 🌸🌸🌸
CAPITALCOM:GOLDShort
by PIPS_n_PROFIT
1
gold longgold long 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
TVC:GOLDLong
by RODDYTRADING
GOLD FORECASTIn this chart we are analyzing 4H time frame for finding the upcoming moves and changes in gold price. By using SMC concept combine with price action and liquidity concept. I'm looking for buy trade opportunity. So what we will do just wait for price when it comes to our zone and observe the reaction of price when enter into the zone. Let's see what happens and which opportunity market will give us. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #XAUUSD 4H Technical Analyze Expected Move.
OANDA:XAUUSDLong
by TradeTacticsreal
XAU/USD Analysis Key Levels and Price Projections for Late 2024I don’t know if this is valid or not since it’s purely based on my analysis and not an invitation to buy or sell. Please consider it as a reference only. I observe that gold or XAU/USD is currently experiencing a decline, potentially reaching $2625 and possibly as low as $2600 at its strong support level. I’m not confident that XAU/USD will break below that price because it is a key level where the price is very significant. Therefore, it’s likely that the price will rebound from the $2625-$2600 range and head back upward, with a possible long-term target of $2700. Currently, the price is at the psychological key level of $2650, where there is a chance of a slight increase before either continuing downward toward the $2625-$2600 area or rebounding. Be cautious if the price breaks below the $2600 support level, as it could lead to a significant drop. This makes it a very critical key level.
OANDA:XAUUSD
by the_pamungkas