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GOLD trade ideas

"Gold Price Analysis: Testing Key Demand Zones"By analyzing the #Gold chart in the 4-hour timeframe, we can observe that the recent price action highlights several important structural points based on Smart Money Concepts (SMC): Demand and Supply Zones: There are two main order blocks (OB): Decisional Order Block (DEC OB) located near the $2731 zone, which represents a demand area where buyers previously entered. This level may act as a support if the price approaches it again. Extreme Order Block (EXT OB) positioned around $2712, acting as a deeper support zone in case the DEC OB does not hold. Current Price Action: The price is currently testing the DEC OB near the $2731 level. A positive reaction from this zone may indicate a potential reversal or consolidation, while a drop below this level could lead to further movement toward the EXT OB at $2712. Outlook: If the price stabilizes above $2731, it could indicate a bullish continuation, with potential targets set at $2739, $2744, and $2752. On the other hand, if the price breaks below $2731, it may signal a move down to $2712, where we might see a demand reaction.
OANDA:XAUUSDLong
by DCBFOREXTRADING
XAUUSD: Preparing for a bullish reversal.Gold is about to go from neutral to bearish on its 4H timeframe (RSI = 45.410, MACD = -2.540, ADX = 22.042) as after breaking under its 4H MA50, it has failed to cross it on two attempts. This pullback is part of the techical bearish wave of the 3 month Channel Up and it is the 3rd in total. The two waves before that found a bottom near the 0.382 Fibonacci level and we are already just over that level. We expect some more sideways movement and ideally when the 4H RSI hits 35.000, begin the bullish reversal. Our aim is a minimum of +7.00% rise (TP = 2,900) for the next HH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
GOLD (XAUUSD): Updated Support & Resistance Analysis Here is my updated structure analysis and important supports & resistances on Gold. Horizontal Structures Resistance 1: 2708 - 2732 area Resistance 2: 2745 - 2761 area Resistance 3: 2787 - 2790 area Support 1: 2638 - 2648 area Support 2: 2586 - 2608 area Vertical Structures Vertical Resistance 1: Rising trend line For now, we can expect a bearish pressure from a Horizontal & Vertical Resistances 1. Local bearish bias remains. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
1
Bearish drop?XAU/USD is rising towards the pivot and could drop from this level to the pullback support. Pivot: 2,758.49 1st Support: 2,720.04 1st Resistance: 2,791.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
Mastering the Risk/Reward Ratio: A Key to Trading ProfitabilityMastering the Risk/Reward Ratio: A Key to Trading Profitability In the world of trading, achieving success isn't merely about selecting the right stocks or making spot-on predictions. True profitability lies in managing risk effectively, a skill that can be the difference between sustained growth and heavy losses. A primary tool for this is the risk/reward ratio—a fundamental element in a trader’s toolkit. This metric helps traders maintain discipline and clarity, ensuring each trade has a strong potential for profit while keeping possible losses in check. Whether you’re new to trading or have years of experience, understanding and using the risk/reward ratio can transform your approach. It’s not about maximizing the number of wins but ensuring that the rewards consistently outweigh the risks. Here, we’ll explore how this ratio impacts trading strategy and why it’s critical for long-term success. Understanding the Risk/Reward Ratio The risk/reward ratio is a straightforward formula that compares the profit potential of a trade to its possible loss. Essentially, it answers the question: How much can I gain for every dollar I risk? For example, if you're willing to risk $100 for a possible $300 gain, your risk/reward ratio is 1:3, meaning you could make $3 for every $1 at risk. Example of a 1:3 risk-reward ratio in EUR/USD This concept encourages traders to evaluate the potential downside of a trade before jumping in, moving away from focusing solely on potential gains. By keeping a balanced view of risk and reward, traders can avoid seemingly attractive trades that may carry excessive risk, enabling them to approach the market with a disciplined, long-term mindset. Why Risk/Reward Matters Every trade involves risk, and the ability to manage it effectively often differentiates successful traders from those who struggle. Using the risk/reward ratio ensures that each trade is structured with a clear plan, protecting capital while allowing for potential profits. Without this focus on risk, traders may chase high returns without properly assessing the downside, leading to costly mistakes. Combined with tools like stop-loss orders and position sizing, the risk/reward ratio becomes part of a broader risk management strategy. These components work together to balance profit potential with loss control, which is essential for traders aiming to sustain profitability over time. Here you can find a comprehensive article on stop-loss strategies. Risk/Reward Ratio vs. Win Rate A common misconception among novice traders is that trading success depends on winning more trades than losing ones. Experienced traders know that profitability has more to do with how risk is managed in losses than how many wins you achieve. The risk/reward ratio addresses this, making it possible to be profitable even if a trader wins less than half of their trades, as long as the wins are substantial enough to offset the losses. For example, if a trader wins only 40% of the time but maintains a 1:3 risk/reward ratio, the profits from winning trades can cover losses from losing trades while still yielding an overall profit. Here is a comprehensive table comparing risk/reward ratios to win rate profitability. Advantages of a Disciplined Risk/Reward Approach One of the most valuable benefits of using the risk/reward ratio is the structure it brings to trading. It helps traders stay rational and minimizes emotionally driven decisions, such as holding onto losing positions with the hope of a reversal. By maintaining a favorable risk/reward ratio, traders enter each trade with a defined plan, reducing the chance of impulsive, loss-heavy decisions. Furthermore, applying a risk/reward framework ensures that trades are entered only when the reward justifies the risk. Over time, this disciplined approach fosters consistency and sets the stage for more predictable results. Steps to Calculate Risk/Reward Ratio Calculating the risk/reward ratio is a simple yet impactful process that enhances trade planning. Here’s a step-by-step guide: 1- Determine Your Risk: Define the amount you’re willing to lose if the trade moves against you, which is the difference between your entry price and stop-loss level. 2- Define Your Reward: Establish the potential profit if the trade goes in your favor, measured from the entry price to your target profit level. 3- Calculate the Ratio: Divide the potential reward by the potential risk to get your risk/reward ratio. For instance, if you’re buying a stock at $100 with a stop-loss at $95, your risk is $5. If you aim to sell at $115, your reward is $15, giving you a 1:3 risk/reward ratio. Choosing an Ideal Risk/Reward Ratio The ideal risk/reward ratio can vary based on trading style and goals, though many traders aim for a minimum of 1:2 or 1:3. Higher ratios like 1:3 allow for a more forgiving approach to losses, where a trader doesn’t need a high win rate to be profitable. However, shorter-term traders might use lower ratios (e.g., 1:1.5) while aiming for a higher win rate to balance profitability. Ultimately, the best ratio depends on factors like trading frequency, volatility, and risk tolerance. Day traders may prefer a 1:2 ratio, allowing for quicker exits with decent returns. Swing traders, on the other hand, might look for a 1:3 ratio or higher to justify holding positions longer despite potential market fluctuations. Managing Risk with the Right Tools Achieving long-term profitability requires more than just a favorable risk/reward ratio; it also demands effective risk management. Stop-loss orders, for instance, are invaluable for capping potential losses. Placing stops at logical price points, such as below support levels or above resistance levels, helps protect positions without risking premature exits. Similarly, maintaining discipline by skipping trades that don’t meet your risk/reward criteria can prevent excessive losses. Proper position sizing and a detailed trading plan round out this approach, ensuring that each trade aligns with your overall strategy and risk tolerance. Here is a comprehensive guide about the Risk Management Final Thoughts: The Power of the Risk/Reward Ratio in Trading The risk/reward ratio is more than a calculation—it’s a mindset that can lead to stronger, more disciplined trading decisions. By assessing potential risks and rewards before each trade, you can avoid impulsive choices and safeguard your capital. This approach brings clarity and control to trading, even amid market unpredictability. While the risk/reward ratio may be a straightforward tool, its impact is profound. Focusing on balancing risk with reward enables traders to protect themselves from major losses while pursuing worthwhile gains. The next time you plan a trade, remember to ask: “Does this meet my risk/reward criteria?” If not, stepping back could be the wisest move. Risk management is essential for lasting success, and the risk/reward ratio serves as a constant guide. Consistently applying this ratio fosters discipline, confidence, and, ultimately, greater profitability in your trading journey. ✅ Please share your thoughts about this article in the comments section below and HIT LIKE if you appreciate my post. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
FXOPEN:XAUUSDEducation
by FOREXN1
1
Could the Gold bounce from here?The price is falling towards the pivot and could bounce to the pullback resistance level. Pivot: 2,722.29 1st Support: 2,685.29 1st Resistance: 2,758.83 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
GOLD Will Go Higher From Support! Long! Please, check our technical outlook for GOLD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,740.91. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,791.34 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
FXOPEN:XAUUSDLong
by SignalProvider
1
Best Price Action Pattern For GOLD Trend Following Trading This bullish pattern is very powerful . Being spotted on a daily/4h/1h, any time frame, it will help you to accurately predict a strong bullish movement on Gold . In this article, I will teach you to identify a buying volumes accumulation on Gold chart and as a bonus, I will show you how I predicted a recent bullish rally with this price action pattern. The initial point of this pattern will be a completion point of a strong bullish impulse. At some moment, the price finds a strong horizontal resistance, stops growing and retraces. The second point of the pattern will be a completion of a retracement. It should strictly be a higher low - it should be higher than the low of an initial bullish impulse. After a retracement, the price should return to a horizontal resistance and set an equal high , that will be the third point of the pattern. Then, the price should retrace AT LEAST one more time from a horizontal resistance and set a new higher low. After that, the price should set one more equal high. 3 equal highs and 2 higher lows will compose a bullish accumulation pattern. Please, note, that the price may easily set more equal highs and more consequent new higher lows and keep the pattern valid. Above is the example of a bullish accumulation pattern on Gold on an hourly time frame. The price set 3 equal highs and 3 consequent higher lows. This pattern will signify the weakness of sellers and the accumulation of buying volumes. The point is that each consequent bearish price movement from a resistance is weaker than a previous one. It means that fewer sellers are selling from the resistance and more buyers start buying, not letting sellers go lower. In our example, we can clearly see the consequent weakening, bearish price movements. This pattern indicates a highly probable breakout attempt of the resistance. A candle close above that provides a strong bullish signal. The broken resistance will turn into support and will provide a safe point to buy the market from. In our example, the market broke the underlined horizontal resistance and closed above that. It indicates the completion of a bullish accumulation and a highly probable bullish trend continuation. You can see that Gold retested a broken structure and then a strong bullish wave initiated. In a strong bullish market that we currently contemplation on Gold, this bullish pattern will provide a lot of profitable trading opportunities. No matter whether you are scalping, day trading or swing trading Gold, this bullish accumulation pattern will help you to predict long-term, mid-term and short-term bullish movements. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
1
GOLD_119 2024.11.04 19:01:05 Trading Signal BUYFrankPro Signal for GOLD_119 Type: Screen Signal: BUY TP: 2759.99 SL: 2734.25 Entry Price: 2738.54 Analysis for GOLD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term predictions for the XAU/USD price. **Short-term (next few days):** The price is expected to be volatile due to the upcoming US presidential election and the Fed's rate decision. The technical analysis suggests that the price is currently finding support near the $2,730 demand area, and the 14-day RSI indicates revived buying interest. However, bearish signals, such as the Head and Shoulders pattern on the 4-hour chart and a fake breakout on the daily chart, suggest potential selling opportunities. Given these mixed signals, I predict that the price will likely **stay the same** or experience a **slight decline** in the short-term, potentially testing the support level near $2,711. However, a breakout above $2,800 could signal continued growth. **Long-term (next few weeks/months):** The analysis suggests that gold prices continue to move within an ascending channel, indicating a bullish trend. Moving averages indicate pressure from buyers, and a rebound from the support line on the RSI could signal further price growth. The growth scenario suggests a potential target above the $3,175 level. Given this bullish outlook, I predict that the price will likely **go up** in the long-term, potentially reaching the $3,175 level or higher. However, a breakout below $2,475 would indicate a continuation of the fall. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (Gold) in both the short-term and long-term: **Short-term (next few days to a week)** * The price is expected to stay the same or experience a slight decline. The market is cautious ahead of the US presidential election and the Federal Reserve's policy announcements, which may lead to a temporary consolidation or a small pullback. * The support level near $2,730 is crucial, and if it holds, the price may rebound. However, if it breaks, the price could test the $2,718 or $2,700 levels. * The 14-day RSI indicates revived buying interest, but it's not strong enough to suggest a significant short-term uptrend. **Long-term (weeks to months)** * The price is expected to go up. The forecast suggests that gold may test the support level near $2,690 before rebounding and continuing its growth, with a target above $3,175. * A breakout above the $2,905 resistance area would confirm the growth scenario, and a successful breakout above $2,800 could lead to a test of the all-time high at $2,790. * The overall outlook is bullish, with the market expecting a continuation of the uptrend once the uncertainty surrounding the US election and Fed's policy announcements is resolved. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) **Short-term Analysis (Next few days)** Based on the technical analysis and market context, I expect the gold price to remain volatile in the short-term, with a slight bias towards a pullback or correction. The 14-day RSI is near 60, indicating some buying interest, but the price is still below the $2,746 resistance level, which is the 23.6% Fibonacci Retracement level of the recent rally. The key support levels at $2,730 and $2,718 are crucial, and a failure to hold above these levels could lead to a drop to around $2,711. Additionally, the market is cautious ahead of the US presidential election and the Fed's policy announcements, which could lead to price movements of at least $100 in either direction. **Prediction:** Short-term price movement: **DOWN** (with a target of around $2,711) **Long-term Analysis (Next few weeks/months)** In the long-term, the gold price is expected to continue its growth trend, with a potential target above the $3,175 level. The ascending channel and the 21-day SMA at $2,700 provide a strong support base for the price. However, the long-term outlook is highly dependent on the outcomes of the US presidential election and the Fed's policy decisions. A dovish Fed and a risk-off sentiment could lead to a surge in gold prices, while a hawkish Fed and a risk-on sentiment could lead to a correction. **Prediction:** Long-term price movement: **UP** (with a target above $3,175) Please note that these predictions are based on the available data and are subject to change as new information becomes available. Result: ST=Down LT=Up
CAPITALCOM:GOLDLong
by orbborisson