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GOLD trade ideas

Gold price analysis March 3💥Fundamental Analysis European leaders are drafting a peace plan to present to Washington, raising hopes for a resolution to the conflict. This optimism has pushed the Euro (EUR) to rise sharply, putting pressure on the US Dollar (USD) and pulling gold prices back up. In addition, the USD continued to weaken as China's manufacturing PMI data beat expectations, indicating an improvement in the global economy. The cryptocurrency market also recorded a strong recovery after former President Donald Trump directed the establishment of a Strategic Reserve of cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana and Cardano. This further increased pressure on the USD, helping gold regain momentum after two days of downward correction last week. 💥Technical Analysis Gold prices are recovering towards resistance at 2890. Last week's old bottom support at 2836 is also important at the moment. These two zones are considered as two notable price zones, closing above these two zones is confirmation of strong trend continuation. 2782 is considered as Gold's weekly support zone. 2916 acts as the only barrier before Gold moves to the next ATH. Note the important price zones for BUY and SELL signals
OANDA:XAUUSD
by TVS-Trader
Gold----Buy around 2900, target 2920-2950In three trading days, gold rose from 2832 to 2927. The bulls are super strong and formed a big V-shaped pattern on the K-line. The bulls have re-emerged. Yesterday we analyzed that if the position of 2895 is broken, it is basically bullish. Today, we will rely on the strong support of the position of 2894 to arrange long orders. The idea must follow the trend. The bulls will basically not end unless gold breaks the pattern of 2894. Today there is ADP employment data. We will maintain a low long position before the data. If the Asian session directly sets a new high again, we can still step back and continue to chase the long position. The recent market of gold is relatively extreme, with large fluctuations in the rise and fall. We must strictly carry losses in operations. In the Asian session, we focus on two positions. One is around 2900, which is the shape support and the hourly moving average support. The other is the big support 2894, which is the top of the previous bulls. Now it has become a new support. If there is a chance to get close to it in the Asian session, you can continue to buy more. Support 2900 and 2894, pressure 2914 and 2927, the watershed of strength and weakness of the market is 2900. Operation suggestion Gold----Buy around 2900, target 2920-2950
OANDA:XAUUSDLong
by Kim_James01
GOLD recovers, fueled by trade risks as key support Influenced by US President Trump's imposition of new tariffs on imports from Canada and Mexico and the doubling of tariffs on Chinese goods, the situation has raised fears of a global trade war. OANDA:XAUUSD found support after fresh tariff concerns and rebounded to target $2,900 and above it the momentum is waning. Trump's tariff policy continues to boost inflation expectations while weakening economic growth expectations, and real yields continue to decline. The upcoming Nonfarm Payrolls (NFP) and Consumer Price Index (CPI) reports will have an important impact on the market. If data shows rising inflation, gold prices could fall as the market may reduce expectations for an interest rate cut by the Federal Reserve. Recently, the market expected the Federal Reserve to cut interest rates by 75 basis points by the end of the year, up from 44 basis points last week. Trump's tariff action, which could affect nearly $2.2 trillion in annual US two-way trade with China, takes effect at 12:00 Hanoi time on Tuesday. China responded immediately by imposing additional tariffs of 10%-15% on certain US imports effective March 10 and imposing a series of new export restrictions on certain designated US entities, according to Bloomberg. Meanwhile, Canadian Prime Minister Justin Trudeau said Ottawa will immediately apply a 25% tariff on $20.7 billion worth of US goods. JPMorgan said it has a structurally long-term bullish view on gold and expects gold prices to reach $3,000 by the fourth quarter of 2025. Trump's tariffs are considered inflationary and have prompted many investors to move money into the safe-haven gold, which has risen more than 10% this year. However, higher inflation in the United States could force the Federal Reserve to maintain high interest rates for longer, which could reduce the appeal of non-yielding bullion. Markets await the ADP jobs report on Wednesday and the US nonfarm payrolls report on Friday for more information on the Federal Reserve's interest rate path. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has achieved the $2,900 target gain readers noticed in previous editions since it reached support at $2,835. Temporarily, the recovery momentum is weakening but maintaining price activity above the original price level of $2,900 is considered a positive signal for continued upside, and the next target is $2,942 in the short term, more than the all-time high of $2,956. The interim relative strength index is also showing signs of reacting to the 61 resistance level, a continued break towards the overbought area would be a positive signal for bullish expectations in terms of momentum. During the day, gold's price recovery prospects and notable positions will be listed as follows. Support: 2,900 – 2,880 – 2,868USD Resistance: 2,942 – 2,956USD SELL XAUUSD PRICE 2941 - 2939⚡️ ↠↠ Stoploss 2945 →Take Profit 1 2933 ↨ →Take Profit 2 2927 BUY XAUUSD PRICE 2884 - 2886⚡️ ↠↠ Stoploss 2880 →Take Profit 1 2892 ↨ →Take Profit 2 2898
OANDA:XAUUSDLong
by Xayah_trading
XAUUSD 2/3/25For this week’s gold chart, we’ve seen a shift in bias, which was unexpected given our strong bullish outlook over the past few months. This could be a temporary pullback, but we will follow it nonetheless. We’re watching the highs for selling pressure—if it appears, we’ll look to sell down to the newly established low we’ve marked as our target. Gold remains predominantly bullish, and price action tends to move counter to expectations with low pressure, so a return to bullish momentum is likely. However, unless Orion shifts its bias, we will follow the bearish move, potentially into new lows. Stick to your plan and always follow Orion.
FX:XAUUSD
by PipSurfingSociety
GOLD..TRADING STRATEGY OVERVIEW*Gold Trading Strategy Overview* *Trend Analysis*: The setup suggests a bullish trend for gold, with a key resistance level at *2880*. A confirmed break above this level could signal continued upward momentum, potentially reaching the specified targets. *Entry & Stop Loss*: - *Entry Point: Consider entering a long position once the price sustains above **2880* (close above on your chosen timeframe). - *Stop Loss: Place below the resistance-turned-support level, ideally at **2865-2875* (adjust based on volatility and risk tolerance). This limits downside risk while allowing normal market fluctuations. *Profit Targets*: 1. *Target 1: 2905* (25 points from breakout) – A conservative take-profit level, just above the psychological *2900* barrier. 2. *Target 2: 2920* (40 points total) – May align with prior price structure or minor resistance. 3. *Target 3: 2950* (70 points total) – A higher-risk/reward objective, possibly near a major historical resistance or Fibonacci extension level. *Risk Management*: - *Risk-Reward Ratio*: Minimum 1:1.6 (e.g., 15-point stop loss vs. 25-point first target). - *Position Sizing*: Scale out partial positions at each target (e.g., 30% at 2905, 30% at 2920, 40% at 2950) to lock in profits. *Key Considerations*: - *Confirmation*: Validate the breakout with volume increase or momentum indicators (e.g., RSI, MACD). - *Market Context*: Ensure the broader trend aligns (e.g., bullish fundamentals like dovish central banks or geopolitical risks). - *Adjustments*: Trail stops as price advances to protect gains, especially after Target 2. *Final Note*: Monitor for false breakouts and news events that could impact gold. Flexibility is crucial—adapt to evolving price action. 📊 *Visual Plan*: *2880* (Breakout) → *2905* → *2920* → *2950* 🛑 Stop Loss: *2865-2875*
CAPITALCOM:GOLDLong
by Algo_Trading_Mql5
1
GOLD → False breakdown before further declineOANDA:XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement. Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the stronger U.S. dollar, influenced by Trump's tariff policies and U.S. economic conditions. Trump confirmed that tariffs on Canada and Mexico will take effect as scheduled on March 4 and also threatened to impose a 25% tariff on European Union imports, along with an additional 10% on Chinese goods. Additionally, weak U.S. GDP data (2.3% in Q4) and rising jobless claims have further supported the dollar. Traders are now awaiting the U.S. PCE Price Index to assess the Fed's interest rate outlook and its impact on gold. A false breakdown at 2852 could trigger a retracement toward the 0.618 Fibonacci imbalance zone at 2877 or the 0.5 level at 2885 before resuming the decline. Given both weak fundamental and technical conditions, gold may attempt to retest its recent lows. Best regards, Bentradegold!
OANDA:XAUUSDShort
by Bentradegold
Gold price update: Sharp decline from all-time high!Dear friends! Global gold prices have fallen to their lowest level in over a week, driven by the strengthening U.S. dollar. Investors are closely watching key inflation data, which could provide important clues about the Federal Reserve’s monetary policy. Meanwhile, the U.S. dollar has risen by 0.2%, pushing the USD Index (.DXY) further away from its 11-week low. This appreciation makes gold more expensive for investors holding other currencies. On the other hand, U.S. President Donald Trump has raised hopes of a one-month delay in imposing higher tariffs on imports from Mexico and Canada, while also proposing a 25% tariff on European automobiles and goods. This uncertainty has driven investors toward the U.S. dollar, adding further pressure on gold prices, which were already facing profit-taking pressure after reaching record highs.
OANDA:XAUUSDShort
by Trader_LinaScalping
3.4 Analysis of the latest gold market trends: Analysis of gold news: On Monday (March 3), the price of gold rose strongly. The market sentiment is still relatively cautious at present, and the market is waiting for more clear information, especially around the possible policy changes of US President Trump. The recent rise in gold prices is mainly driven by the Fed's expectations of future interest rate cuts and geopolitical uncertainties. The probability of the Fed's interest rate cut in June is as high as 77.6%, and the probability of maintaining the status quo is only 22.4%. This ratio reflects that the market's cautious sentiment on the US economic outlook has increased significantly. If the Fed starts a rate cut cycle in the middle of the year, it will effectively suppress the US dollar and US bond yields, providing strong support for the rise in gold prices. On the other hand, although the US 10-year Treasury yield has slightly rebounded from last Friday's low of 4.19% to 4.23%, the downward trend of the overall yield has not been fundamentally reversed. The continued decline in interest rates will further reduce the cost of holding gold and enhance the investment attractiveness of gold. Looking ahead, gold prices will continue to attract safe-haven demand as US tariffs on Canada, Mexico and China will take effect on March 4. Trump's tariffs could trigger market volatility and potential trade retaliation. Additionally, reports that Ukrainian President Volodymyr Zelensky has rejected calls for a ceasefire between Ukraine and Russia may also continue to support gold buyers. U.S. Commerce Secretary Howard Lutnick said on Sunday that tariffs against Canada and Mexico will take effect on Tuesday, but Trump will decide whether to stick to the planned 25% tariff level. Gold technical analysis: From the daily chart, gold prices rebounded from strong support at $2,832 again on Friday, triggering a rapid reversal. However, the rebound will only gain momentum after a sustained break above the 21-day moving average of $2,895. The RSI continued to rise after holding near the 50 level, indicating that buyers may remain in control in the short term. If it breaks through the 21-day moving average, it can be judged that this retracement is in place, and there will be a new round of upward trend. After gold fell back to 2859 during the day, it rose all the way. The short-term form showed strong performance, which was exactly the opposite of last week's decline. After last week's sharp decline, there will be a lot of room for rebound, and the current fluctuations are also relatively large, so you must wait patiently for a suitable entry position, and do not rush the operation. The daily cycle pulls back to the MA5 position, but there is no pullback after touching it, and the decline is very difficult. If it continues to rise, the resistance is 2900/2908. After the price breaks through the high point of 2877, the upward space is opened. According to the current pattern, 2900 is just a matter of longs stepping on the accelerator. Pay attention to timely withdrawal of short orders. Go long on the short-term retracement to 2877, and consider short above 2910. Taken together, in terms of today's short-term operation of gold, our professional and senior gold analyst team recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2905-2910 first-line resistance, and the bottom short-term focus will be on the 2878-2873 first-line support.
FOREXCOM:XAUUSDLong
by Caesar_Gorman1
XAUUSD(Gold) FORECAST (Must Read Caption)Hello Friends Check out my XAUUSD(Gold) Forecast and share your thoughts about it . 28th February 2025 Friday. 📈 XAUUSD ( Gold) Looking Bearish now Gold had Breaks its major Resistance levels ,Gold can Further Declines Other Support levels which I have Identified ✅️ 📊 According to My Previous Chart Gold will Falls it's already hit So Let's Foucs on The Same View in Bearish Side ✅️ Key Highlights are. ✅️Support Zone 2842. ✅️Retracement Zone . 2870 🎯 Target Area . 2822-23 Support me With Your Likes & Comments to Motivate me to share more Analysis with you.
OANDA:XAUUSDShort
by Learn_To_Trade11
XAUUSD : sell@2880-2890Gold dropped to around 2840 last Friday. After reaching the key support level, there is a demand for it to rise. However, the downward trend of gold has not come to an end. Currently, the situation between Russia and Ukraine has been alleviated. It is expected that after the period of oscillation concludes, gold will decline again. XAUUSD Today’s Trading Strategy: XAUUSD sell@2880-2890 tp:2865-2850 Currently, the account with an initial amount of 40K has reached 200K. In March, I will make a profit of one million, and I will share my daily trading orders. You can copy my orders for trading. Click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
Xauusd sell trend It looks like my analyzing gold within an ascending channel and focusing on sell-side levels. If I interpret correctly: Sell Zone (Resistance): 2945 - 2954 (where price may face selling pressure) Buy Zone (Support): 2938 - 2923 (potential buying interest) Target Support: 2833 (major downside target if support breaks) Possible Trading Strategy: 1. Sell Entry: Around 2945 - 2954 if price rejects resistance. 2. Stop-Loss: Above 2954 (to manage risk). 3. First Target: 2938 - 2923 (short-term support). 4. Breakout Trade: If price breaks below 2938/2923, further downside towards 2833 becomes likely. 5. Ascending Channel Consideration: If gold holds support levels and maintains the channel structure, a bullish reversal is possible instead of a breakdown. Would you like a chart analysis or more details on market sentiment?
OANDA:XAUUSDLong
by Algo_Trading_Mql5
5
Closing my Selling order with ProfitAs discussed throughout my Friday's session commentary: "My position: My Selling order has been closed automatically (#2,892.80 - #2,872.80) with Take Profit hit and left me without any orders. As Gold delivered decline in continuation throughout Asian session, I have missed #2,872.80 - #2,852.80 benchmark extension (currently #3-Week Low's test) however I don't mind since my returns for current weeks are excellent. I have stated potential of #2,892.80 - #2,900.80 Support now turned to Resistance zone, as long as it preserves Selling bias and reverses each Bullish reversal, Price-action within or below is Bearish. Keep in mind that as long as we Trade below the mentioned zone, #2,852.80 benchmark break-out has more chances to be delivered rather than #2,900.80 benchmark. Keep Selling every High's on Gold with #2,900.80 Top's however if #2,852.80 benchmark gives away, #2,827.80 is next contact point to monitor." I have closed my Selling order (#2,852.80 - #2,835.80) throughout Friday's session delivering fine #17-point Profit, extending my results range to #142 Profits and #24 Stop-hits regarding December #2023 - March #2025. Quick update: Gold is Trading within Neutral waters and it is question now which side will prevail. I am in excellent position currently, Highly satisfied with my Profits without urge to Risk more on ranging market. Either #2,892.80 - #2,900.80 gets tested, or #2,852.80 benchmark. If Resistance zone rejects the Price-action, I will Sell Gold there on spot Targeting #2,852.80 benchmark once again. If however #2,900.80 gets invalidated, Short-term Bullish bias is restored.
TVC:GOLDLong
by goldenBear88
GOLD may continue to fall after correction to 2876- Gold is trading in a phase of deep correction after reaching local highs. - The price formed a false breakdown of the key support level, which may indicate the liquidation of weak positions before a possible corrective growth. - The dollar index (DXY) shows growth, which puts additional pressure on gold. Liquidation and reaction - There was a longs liquidation after the double top formation, which triggered an impulsive decline. - The price tested the liquidity zone near $2852 and formed a rebound. - A return to 0.5 Fibo ($2876.8) is possible, after which big players may sell the price down again. - The area of interest of market-makers can be seen around $2852. - Potential zone for selling is $2876-$2890 area (local imbalance). - Support: $2852 (liquidity zone), $2825 (next support level). - Resistance: $2876 (0.5 Fibo), $2890-$2900 (key selling zone). - Key formations: Double top → decline → false breakdown → formation of “W”-shaped structure. Conclusion - Short-term: a pullback to $2876 is possible. - Long-term: if the price does not consolidate above $2876-$2890, the probability of the downside continuation remains high. - SMC indicates bearish control until there is a break of the structure on the higher timeframe.
OANDA:XAUUSDShort
by AndeWave
1