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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Gold (XAU/USD) Continues to DeclineGold (XAU/USD) has declined for two consecutive days after reaching a high of 2,647-2,648 USD on Monday, surpassing the three-week high achieved on Friday. The main reason for the decline is the "hawkish" signal from the Federal Reserve (Fed), which indicated it would slow down interest rate cuts in 2025, driving up U.S. Treasury yields and causing funds to flow out of gold. Additionally, overall market optimism has reduced the demand for gold as a safe-haven asset. However, the drop in the U.S. dollar (USD) from its highest level since November 2022, combined with geopolitical risks, has somewhat limited gold's decline. Traders may remain cautious, especially with key economic reports from the U.S., such as the Non-Farm Payrolls (NFP) report on Friday and the minutes from the December FOMC meeting on Wednesday. Looking at the technical chart, gold is trending lower and may break below its price channel, facing resistance at 2,660 USD. The next target for gold is likely to be below 2,590 USD. Moreover, the Exponential Moving Average (EMA) is also declining, reinforcing the possibility of gold continuing its downward trend in the short term. If gold fails to hold this level, it could further decline, with the next support levels around 2,570 and 2,540 USD. However, if the market witnesses a recovery and gold moves back above 2,660 USD, a rebound towards 2,700 USD could occur. The situation will continue to depend on macroeconomic factors and investor sentiment, especially in light of the important economic data coming this week.
OANDA:XAUUSD
by Alisa_Rokosz
1. Bollinger Bands (20, 2) 2. SuperTrend (10, 3) Buy Conditions:1. Bollinger Bands (20, 2) 2. SuperTrend (10, 3) Buy Conditions: 1. Price breaks above the upper Bollinger Band. 2. SuperTrend is above the price. Sell Conditions: 1. Price breaks below the lower Bollinger Band. 2. SuperTrend is below the price. Strategy Logic: 1. Enter a long position when the buy conditions are met. 2. Enter a short position when the sell conditions are met. 3. Close the long position when the price breaks below the lower Bollinger Band or the SuperTrend is below the price. 4. Close the short position when the price breaks above the upper Bollinger Band or the SuperTrend is above the price.
OANDA:XAUUSDLong
by yp0099800
Gold's Potential Movememt in 2025Here is the detailed technical analysis of OANDA:XAUUSD 1. Key Levels and Chart Structure - Resistance Zones (red boxes): There is a significant resistance zone highlighted around $2,720–$2,740. This is an area where the price has previously struggled to break through, indicating strong selling pressure or profit-taking. - Support Zones (green boxes): The key support levels are marked near $2,580–$2,600. This area has been tested multiple times in the past, showing buyers stepping in and defending this zone. 2. Chart Pattern - Symmetrical Triangle: The white lines outline a symmetrical triangle pattern. This indicates consolidation and a potential breakout, either upwards or downwards, as the price nears the apex of the triangle. Triangles often lead to sharp price movements as traders anticipate a resolution. 3. Potential Scenarios Scenario 1: Bullish Breakout (green path) - If the price breaks above the resistance zone near $2,720, we could see a bullish rally. - The price might retest the breakout level before heading higher towards $2,760–$2,800. This aligns with the continuation of the prevailing uptrend from earlier in the chart. - A breakout above the symmetrical triangle would signal strong buying momentum, supported by increasing volume during the breakout. Scenario 2: Bearish Breakdown (red path) - If the price fails to hold the triangle's lower boundary and the key support zone near $2,580, a bearish breakdown is likely. - This could lead to a sharp decline, targeting levels around $2,520 and potentially further towards $2,480. - Such a move could be triggered by strong selling pressure or macroeconomic factors unfavorable to gold, such as a strengthening U.S. dollar or rising bond yields. 4. Volume Analysis - The volume seems to be decreasing as the price moves within the triangle, which is typical for such consolidation patterns. A significant increase in volume during the breakout or breakdown would confirm the direction of the move. 5. Trading Implications - For a bullish breakout, traders might consider entering long positions above $2,720 with stops below the triangle and targeting $2,760 or higher. - For a bearish breakdown, short positions could be initiated below $2,580, with stops above the triangle and targets near $2,520 or lower. - Risk management is essential, especially in volatile market conditions like this. This analysis is based purely on the technical chart setup and does not account for any fundamental factors or news events that could influence gold prices. It would be wise to monitor any upcoming economic reports or geopolitical developments that might impact gold's movement.
CAPITALCOM:GOLD
by MrSharelock
XAUUSD: Bullish Bias Holds, Downside Awaits ConfirmationHello, OANDA:XAUUSD has shown unexpected upside movement despite the anticipation of a significant downside. Recently, the price was rejected at the 1M PP and may retest the 1W PP, a level that previously acted as support. If the 1W PP fails to hold as support, a test of the 1Y PP could follow. It's important to note that the 6-month low was at 2349.44 and the 3-month low at 2536.855, which could once again serve as potential support levels. However, a decline to these points seems unlikely at this stage without further confirmation. The bullish outlook remains intact, despite the recent close below the 1M PP. If the price breaks and sustains below the 1W PP, it would confirm a potential continuation to the downside. In summary, the bullish perspective prevails, and downside movement will only become plausible with clear confirmation. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSD
by TradeWithTheTrend3344
Buy opportunityTrade Setup for XAU/USD (Gold CFDs) Key Details: Chart Timeframe: 4-hour Current Price (Entry): 2,658.04 USD Indicators Used: EMA (252) and EMA (756) Trade Parameters: Position Type: Long (Buy) Entry: 2,658.04 USD Stop Loss (SL): Placed below the most recent support level at 2,633.35 USD to allow for minor pullbacks without compromising the setup. Stop Loss: 2,630.00 USD Risk per trade: 28.04 USD per ounce Take Profit (TP): Placed near the resistance level of 2,720.657 USD (visible target on your chart) to secure profits at a logical exit point. Take Profit: 2,720.00 USD Reward per trade: 61.96 USD per ounce Risk/Reward Ratio: R:R = 1:2.21 (Reward is more than twice the risk, meeting professional standards for a high-probability trade)
TVC:GOLDLong
by GODOCM
Don't be afraid of pullbacks, buy gold!Currently, gold's rebound has stalled around the 2665 level, followed by a pullback to a low of approximately 2652. Many are likely wondering how far this retracement might extend. From the current structure, despite the pullback, gold remains in a clear bullish trend. During its upward movement, gold gained strong momentum, breaking through multiple resistance levels at 2635, 2640, and 2655. Based on this bullish momentum, gold still has room to continue rising, with potential targets at 2670-2680 or even 2695. It is evident that the short-term retracement in gold is likely a consolidation phase to build momentum for the next upward move. Therefore, there’s no need to fear the pullback. If gold retraces to the 2650-2640 zone, I believe this would present a strong buying opportunity to go long. Bros, are you optimistic about the continued rise of gold? 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:XAUUSDLong
by Trader_Marvin