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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold analysis and trading signalsAt the 4-hour level of gold, as shown in the figure, this cycle is currently in a downward trend. According to the five waves of decline, 2790-2724 is the first wave of decline, 2724 to 2749 is the second wave of correction, and 2749 to 2643 is the third wave of decline. This 2643 is calculated based on 1.618 times, which is exactly stuck at this position, and from the perspective of segmentation, it is also the 786 segmentation support; therefore, assuming that 2643 is established, then the next is the fourth wave of correction, and the amplitude is calculated as 50%, which is 2696, which is also the resistance point with a probability of testing tonight; if there is pressure, the last wave of decline will be carried out; and it just so happens that the second half of the night is the time to announce the interest rate. According to the cyclical deduction of the first interest rate cut trend, the gold price will first rise and then fall, and finally stabilize and rise again. According to the wave shape, the low point of the fifth wave is about 2605, which is exactly the previous low point of 2602 or a good double bottom stabilization. Of course, the amplitude of the last wave is often irregular, and it may be not far from the low point of the third wave. Gold hourly level: In the morning, it continued to fall directly to 2643. It is easy to enter into shock after a big drop. The trend continuity in the morning is relatively poor, so it is easy to bottom out and pull up if it falls first. The key to the support of 2643 is also calculated in advance. After the stabilization signal appears, it will follow the bullish rebound. At present, it has broken through the middle track. However, after a day of operation, the high point of 2678 in the early morning has not been broken. The overall rebound strength is not large. Therefore, it may need to bottom out tonight and wait for the news stimulus guidance in the second half of the night; Gold operation strategy: It is recommended to go short at 2700-2710, with a target of 2680-2670
OANDA:XAUUSD
by btxebtxe
if 2700 resistance strong, 2608 support broken, target 2580 zoneif retest 2700 resistance, 2608 support broken, target 2580 zone but there is potential weekly continue to drop mean we will see more correction later there 3 scenario 1. still going up to 2770 but stochastic not bottomed yet 2. straight to 2580 mean weekly bearish trend started target 2440 later 3. drop to 2640 then up to 2700 resistance retest and drop to 2580, this scenario still believed to leading to weekly bearish trend
OANDA:XAUUSDShort
by salvanost
XAUUSD 1M1. Elliott Wave Analysis Wave 5 Completion at 1.618 Extension (2,747.14): The chart shows Wave 5 peaking at $2,747.14, corresponding to a 1.618 Fibonacci extension. This level is typically a significant reversal point, suggesting potential for a corrective move downwards. ABC Corrective Pattern Projection: After the completion of Wave 5, an A-B-C correction is projected. The expected trajectory shows a downward movement to the liquidity void zone, followed by a potential retracement up in a Wave B before a final decline in Wave C. 2. Wyckoff Distribution and Accumulation Phases Phase B (Accumulation - $1,046.23 to $1,920.80): This region marks the accumulation phase with a Sign of Weakness (SOW) in Phase B, where price forms a base before starting the upward trend. Notably, price action within this phase shows consolidation, preparing for a breakout. Phase C (Mark-Up): After the accumulation, price enters the mark-up phase, breaking past resistance and forming new highs. This phase is highlighted by significant upward momentum, taking the price into higher Wyckoff distribution phases. Distribution Pattern in Recent Highs: The recent highs around $2,747.14 align with Upthrust (UT) and Upthrust After Distribution (UTAD) signals, suggesting the end of the mark-up phase and a shift towards potential distribution. 3. Key Fibonacci Levels and Extensions 1.236 Extension (2,744.68): This level is another Fibonacci extension associated with Wave 5, acting as a point of possible reversal. Volume divergence at this level further indicates potential weakness in upward momentum. 0.618 Retracement (Inducement Wave 4): A 0.618 retracement from the previous lows serves as a key support level. If price retraces here during the corrective phase, it may offer a possible entry for continuation trades. 4. Liquidity Zones and Order Blocks Liquidity Void (3M): There’s a liquidity void in the three-month time frame, which price might revisit during the corrective move. This void represents an inefficiency where price could fill gaps created by the upward trend, making it an area of interest for re-entries. Buy-Side Liquidity (BSL): The Buy-Side Liquidity area near the recent highs includes stop losses and limit orders, making it a zone where institutional players might target liquidity. 5. Support and Resistance Levels Resistance Line - BC Distribution (1,920.80): This level acts as a strong resistance line in the accumulation phase. If price revisits this area, it may encounter selling pressure. Support Line - AR Distribution (1,525.84): The support around $1,525.84 represents the Automatic Rally (AR) point in the Wyckoff structure, marking a potential level of demand if price retraces to this level. 6. Break of Structure (BOS) BOS in Wave 3 (12M): The Break of Structure in Wave 3 on the 12-month chart indicates a potential shift in the trend’s momentum, suggesting possible trend continuation or reversal. BOS within Phase B (3M): Another BOS is marked in Phase B, highlighting a structural shift in sentiment. This often leads to an uptrend or a change in market direction as the BOS level confirms a key pivot point. 7. Dealing Ranges and Key Points of Control (POC) Dealing Range (12M-3M): This range, spanning the recent swing highs and lows, establishes boundaries within which price is expected to fluctuate. The Point of Control (POC) within this range often corresponds with areas of high volume, which could act as pivotal zones for price movement. Current Trend (Dealing Range for Wave 4): The range defined for Wave 4 provides insight into ongoing price action. Watching for breakouts or breakdowns within this range could indicate the next potential trend direction. 8. Proposed Trading Plan for Upcoming Weeks Short-Term Correction Expected: With Wave 5 likely completed, a corrective A-B-C structure appears probable. This suggests a short-term downtrend toward lower support zones. Target Zones: Downside: Potential retracements to $1,920.80 and $1,525.84 are key areas to monitor. These support levels could act as potential bounce points or re-entry zones if the price holds. Upside Resistance: If price revisits the recent highs near $2,747.14, look for bearish setups, as this level may act as strong resistance in the corrective phase. Volume and Divergence: Watch for volume divergence or signs of weakness at the 1.618 and 1.236 extensions to gauge the potential for continued reversal. This can provide additional confirmation for trend reversal setups. Summary of Key Observations Wave 5 completion at $2,747.14 suggests corrective phase ahead. Wyckoff Distribution structure signals potential downside with liquidity voids targeted. Key Support and Resistance zones at $1,920.80 and $1,525.84. Expected A-B-C Correction aligns with price filling previous gaps and testing support.
FX:XAUUSDShort
by spacedevil
Welcome back donald trumpIn this chart, I have conducted a technical analysis of Gold Spot against the U.S. Dollar (XAU/USD) on the 4-hour timeframe. The analysis highlights key areas of interest: Supply Zone: Marked in purple, this region represents a potential area where selling pressure could resume. Historically, prices have shown resistance here, suggesting that traders should monitor this zone for possible reversals or selling activity. Retracement Levels: I've used Fibonacci retracement levels to assess potential pullbacks. The 0.5 (2,696.90) and 0.382 (2,684.38) levels are particularly notable as possible points where the price may find support or resistance. Target Area: Indicated by the arrow pointing downward, this is the level where I predict the price could head next if the supply zone holds and selling pressure intensifies. This represents a personal target based on my analysis and not a trade signal. "Hope for the Best" Label: Positioned just below the supply zone, this label reflects the sentiment of uncertainty as the price approaches this resistance area. It serves as a reminder that market movements can be unpredictable. Welcome Back Donald Trump: In a broader context, the market may also be impacted by political events. With Donald Trump winning the 2024 U.S. presidential election, there could be shifts in economic policy, which might influence precious metal markets and investor sentiment in the coming months. Keep an eye on these macroeconomic factors as they may play a role in future price actions. This analysis is shared solely as my interpretation of market data and is not financial advice or a trade recommendation.
ICMARKETS:XAUUSDShort
by rajpatel95133
XAUUSD: The Rebound Is Not Over YetDue to the impact of the news, gold prices have fallen significantly. When gold prices approached around 2660, I suggested buying within the 2660-2652 range to capture the rebound after the sharp drop. The first wave of the rebound reached a high of around 2678, with a gain of over $20, and those who followed the signal made very decent profits. Currently, gold prices are oscillating in the bottom range, with volatility gradually decreasing. However, the rebound has not ended yet, and there is still room to buy. This rebound should at least push prices above 2680. Tomorrow, we have the interest rate decision, and the market widely expects a 25 basis point rate cut. After today’s drop, gold should not see much more downside in the short term. Therefore, tomorrow’s trading should focus on buying at lower levels. The first key support levels to watch are the 2652-2648 range, followed by around 2639. Overall, the current market environment still holds opportunities, but it's crucial to stay flexible and adjust strategies according to market movements. Patience and risk management will be the keys to successful trading.
OANDA:XAUUSDLong
by Mia-Signal
Intraday Trading Setup: Key Support and Sniper Shot Targets Support Level: The support is currently set at 2659. This level is critical because if the price holds above it, there is potential for upward movement. It's a key point for price stabilization. If the price drops below this level, we need to be cautious and reassess, but the market can still reverse and go higher after testing this zone. First Target (2662 - Sniper Shot): The first target I’ve set for today is 2662, which I am calling a sniper shot. This is a very precise level where I expect a possible breakout or a strong reaction. If the price reaches here and holds, it could signify a continuation of the upward momentum. Second Target (2668 - Sniper Shot): If 2662 is cleared, the next potential target is 2668, another sniper shot level. This is the next critical resistance zone where price action could struggle before breaking through or pulling back. If the market breaks this level, it strengthens the bullish outlook. Third Target (2672 - Sniper Shot): The final target for today is 2672, which is my third sniper shot level. This represents a strong resistance point where profit-taking or a significant reversal could happen. If we reach 2672 with strong momentum, the market might continue even higher, but it could also face resistance and retrace. If Support Breaks (2659): Even if the support at 2659 is broken and the price dips below, there’s still the potential for an upward movement afterward. The market can often retest lower levels before reversing back up. So, even if there's a temporary break of support, watch for signs of price reversal or consolidation, as the bulls may regain control. In Summary: Support Level: 2659 (Critical Zone) First Target: 2662 (Sniper Shot) Second Target: 2668 (Sniper Shot) Third Target: 2672 (Sniper Shot) Even if the price breaks support at 2659, there is still potential for a reversal and a move higher. Always monitor the price action closely to make adjustments as needed.
OANDA:XAUUSD
by BinSalmanFundsReal
GOLD_117 2024.11.04 11:19:04 Trading Signal BUYFrankPro Signal for GOLD_117 Type: Screen Signal: BUY TP: 2760.15 SL: 2734.47 Entry Price: 2737.68 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
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSD
by ForexMasters2000
XAUUSD first time under the MA200 (4h) in 3 months.Gold broke today under the MA200 (4h) for the first time since August 7th. So far that hasn't invalidated the 5 month Channel Up, in fact today's low makes a perfect Higher Low for the bearish wave. Trading Plan: 1. Buy on the current market price. Targets: 1. 2845 (+7.31% rally, which is the lowest it has so far inside the Channel Up). Tips: 1. The RSI (4h) hasn't been this oversold (reached 20.00) inside the Channel Up. An additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
Heading into 50% Fibonacci resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2,759.46 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 2,790.71 Why we like it: There is a pullback resistance level. Take profit: 2,715.59 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
11.4 Gold daily line support high position is not guaranteedIn terms of gold, the overall gold price fell last Friday. The highest price rose to 2762.08 on the day, and the lowest price fell to 2733.08, closing at 2734.94. Looking back at the details of the gold market performance last Friday, the price stopped rising in the short term after the opening of the morning session, and then maintained a state of fluctuating rise during the day. At the same time, during the US session, the price rose and fell with the help of data, and then the price continued to fall weakly, and finally ended in a big negative state on the daily line. Today, Monday morning, it opened directly with a gap down. From the low point, the 2731-2734 range is the long-short watershed position at the daily level. Pay attention to the downhill performance of this area in the future. Once it breaks down, the band is expected to be further under pressure in the future. At the same time, from the four-hour level, pay attention to the resistance of the 2755-2756 range for the time being, and wait for the subsequent price to step back and then go short. As long as the price does not temporarily break the high point of last Friday, it will be treated as short first. There are signs of correction in the short term in the one-hour chart. At the same time, the price is in the key support area of ​​the daily chart, so we will wait for the price to fall back and then go short. Once the price breaks below the 2731-2734 area, it is expected to be under further pressure.
FXOPEN:XAUUSDShort
by David_strategy
1