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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

XAUUSD: Continue to Monitor Resistance at 2712-2720During the Asian and European sessions today, gold pulled back as it approached key resistance levels, and is currently near a support zone. Based on the current price structure, the support appears relatively strong, suggesting a potential for a rebound in the short term. If the support remains intact over the next hour, the price could rise again, with focus shifting to the resistance zone around 2712-2720. However, if the support is broken, there is a possibility that the price may test the previous lows again. In this case, the formation of a "W" reversal pattern should be monitored, as it could signal a significant rebound opportunity.
OANDA:XAUUSDLong
by Mia-Signal
XAU/USD 08 November 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price has now printed a bullish CHoCH indicating bullish pullback phase initiation. Price has reacted from premium of 50% established internal range. Intraday Expectation: Price is expected to weak internal low priced at 2,643.355 Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price Action Analysis: Price has printed a bullish iBOS followed by a bearish CHoCH, indicating the initiation of a bearish pullback phase. Intraday Expectation: Technically, price is expected to react from either the discount of 50% internal equilibrium level (EQ) or the M15 demand zone before targeting the weak internal high. Alternative Scenario: Given that the H4 timeframe is in a bullish pullback phase, it's no surprise that the M15 chart has printed a bullish iBOS. However, with H4 price trading up to premium of 50% internal EQ and reacting from that premium zone, it wouldn’t be surprising if the price prints a bearish iBOS. Note: With the Fed's softer policy stance and escalating geopolitical tensions, elevated price volatility is likely to persist. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - 2024/11/08Looks like XAUUSD has already made the move that I was waiting for during Asian session. I will monitor the market to look for a potential retrace back into the 1h volume sell zone to take more shorts, but at the moment if the market does reverse back to entry I would be skeptical to enter because the market can easily just continue the bull run. Even though we had a strong push down with the US elections, XAUUUSD is still in a bullish market and needs to be taken into account when looking for shorts.
OANDA:XAUUSDShort
by VizeCapital
Long xauusd• Current Price: As of this data, the price is around 2,705.9 USD per ounce, showing a slight decrease of 0.6 USD, or about -0.02%. • Chart Analysis: • A red moving average line is displayed, possibly a short or medium-term trend indicator. The price action is below this moving average, suggesting a bearish or downward trend over the period shown. • There are red and green candlesticks representing the price movement in each hour. • The current price (2,705.9) is marked on the right-hand side, with 2,706.5 just above it as another price level.
OANDA:XAUUSDLong
by Khalifapatrick
Will traders short this bounce in gold?Gold prices dropped sharply on the news that President Trump will govern the U.S. for the next four years, starting from January 6. This decline makes sense, given his plans to boost the economy despite an already low unemployment rate of 4.1%. These efforts are likely to push inflation and wages higher, which could compel the Fed to maintain elevated interest rates. As long as prices stay below 2,720, a test of this week’s low seems likely in the coming days. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDShort
by ThinkMarkets
Intra-Day Strategies Part 2: Breakout Momentum Welcome to Part 2 of our intra-day series, where we shift our focus to breakout momentum. By syncing with natural price cycles—from quiet, narrow bands to fast, directional shifts—breakout momentum trading aims to seize short-term bursts of momentum with precision. What is Breakout Momentum? Breakout momentum is the initial surge in volatility when prices break out from a narrow range. Markets typically alternate between periods of contraction (when price hovers within a narrow band) and expansion (when prices break out, igniting higher volatility). Breakout momentum traders look to capitalise on these expansion phases as soon as they start, harnessing momentum for short-term trades. By focusing on these natural cycles, breakout momentum trades seek to capture brief but significant price shifts. Here’s a closer look at how to identify these setups and execute them effectively. Applying Breakout Momentum on a 5-Minute Chart Step 1: Identify a Contraction Phase The first step is spotting a contraction phase, visible as a tight, sideways range on the 5-minute chart. Look for: • Range-Bound Price Action: Price consolidates within a defined range, with minimal directional movement. Tighter ranges suggest that an expansion may be imminent. • Low Volume: Contraction phases often coincide with lower-than-average volume, signalling reduced buying or selling pressure. • Declining ATR (Average True Range): The ATR, an indicator of volatility, may decline or stabilize at a lower level during this phase, indicating limited price movement. Identifying this "contraction zone" is essential for recognising potential breakout setups. The longer price remains in this phase, the stronger the breakout can be. Step 2: Check Market Structure After identifying a contraction zone, examine the market structure to confirm that the breakout has room to move. This means analysing nearby support and resistance levels to ensure there’s enough “headroom” (for an upside breakout) or “downside space” (for a downside breakout) for momentum to develop. • Assess Resistance for Upside Breakouts: If you're anticipating a bullish breakout, check for any immediate resistance levels above the contraction range. Strong resistance just beyond the breakout point could limit the trade’s potential if it leads to a reversal or stalls momentum. • Review Support for Downside Breakouts: For bearish breakouts, look below the contraction zone to identify any major support levels that might slow or halt downward momentum. Clear space below can indicate a better setup with room for the price to fall freely. By checking the market structure, you set up breakout trades with a clearer path, minimizing the risk of false starts from nearby resistance or support levels. Step 3: Entering on the Breakout With contraction and momentum confirmed, enter the trade as the breakout begins: • Price Breaks Out of Range: Go long if the price moves above the contraction range’s resistance or short if it drops below support. A strong breakout candle reinforces the signal. • Volume Surge: Ensure that volume increases substantially with the breakout, as this confirms broad buying or selling interest. • Candlestick Patterns for Extra Confirmation: If you see a bullish engulfing pattern for an upside breakout or a bearish engulfing for a downside breakout, this can add extra validation to your entry. Example 1: Gold (XAU/USD) 5-Minute Chart Gold (XAU/USD) shows a tight consolidation phase on the 5-minute chart, followed by a clear breakout. A surge in ATR and volume confirm the momentum. Past performance is not a reliable indicator of future results Example 2: Apple (AAPL) 5-Minute Chart In Apple’s case, a similar pattern emerges but on the short side, with price contracting before a sharp breakout to the downside. Confirmation indicators reinforce the move’s strength. Past performance is not a reliable indicator of future results Managing the Trade Trade management is vital in breakout momentum trading, as reversals can happen quickly. • Stop Placement: Position stops just outside the range—below support for long trades or above resistance for short trades. This limits risk and enables swift exits if the breakout falters. • Profit Target: Aim for a 1:2 risk-to-reward ratio, or use the ATR to gauge a realistic target based on the breakout’s momentum. • Trailing Stop: If the trade moves in your favour, use a trailing stop to lock in profits while allowing for further movement, especially if momentum remains strong. Tips for Effective Breakout Momentum Trading • Focus on High-Volume Sessions: Breakouts in high-volume trading hours, like the NYSE or LSE open, tend to be stronger and more sustained. • Use Confirmation Indicators to Avoid Fakeouts: Range-bound markets can produce false breakouts, so use indicators like volume and ATR to validate the breakout’s strength. • Stay Focused with Limited Screen Time: Momentum trades demand quick thinking and focus. Short, focused sessions can improve decision-making and help avoid fatigue. Breakout momentum trading aligns with the natural volatility cycles of the market, allowing you to capture the momentum that follows narrow ranges. In Part 3, we’ll cover trend continuation strategies, offering a balance of momentum and patience. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:GOLD
by Capitalcom
XAU/USD 07 October 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. As highlighted in my analysis dated 31 October 2024: We should remain aware that the daily timeframe has been showing early signs of a potential bearish pullback phase initiation, suggesting that price could print a bearish iBOS despite H4 internal structure being bullish. This printed as anticipated, with price printing a bearish iBOS that also confirmed the swing structure. Price is now trading within an established swing range. Intraday Expectation: Price is expected to print a bullish CHoCH, indicating the start of a bullish pullback phase. Note: Due to the Fed’s softer stance and ongoing geopolitical tensions, we should remain mindful that volatility in Gold is likely to persist. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As detailed in yesterday's intraday analysis dated 06 November 2024, I noted that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. Following this, price has printed an additional bearish iBOS and a bullish CHoCH, confirming the internal range. Intraday Expectation: Price is anticipated to target the weak internal low after reacting from either the premium of 50% EQ or the M15 supply zone. Note: Considering the Fed’s softer stance, and rising geopolitical tensions, price volatility is likely to remain elevated. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
The situation of gold in the coming weeks, correction or new H?The situation of gold in the coming weeks, correction or new ceiling? According to the chart in the weekly long time frame, we have the hanged man candle, which is confirmed by a big red candle. Considering the fundamental conditions of the US presidential election, the growth of gold in recent weeks, the announcement of the US interest rate today, we may see a correction for gold, this precious metal. Profit from existing positions with capital management. good luck
OANDA:XAUUSDShort
by mansour1978
World gold was sold off and plummetedGold sold off and plunged to its lowest level in 3 weeks after the unexpectedly decisive victory of Republican US presidential candidate Donald Trump. The Federal Reserve's FOMC meeting appears to be overshadowed but also in the spotlight this week. The meeting began Wednesday morning and ended Thursday afternoon with a statement from the FOMC and a press conference from Fed Chairman Powell. Most people believe the Fed will cut its key interest rate by 0.25%. “While the market expects a 25 basis point rate cut, any sign of a pause or slowdown in cuts will put further pressure on gold, which is already sensitive to rising interest rates and a stronger dollar", “With a stronger dollar and rising yields, gold faces immediate downside risks, potentially extending towards the 50-day moving average at $2,636.66 an ounce if the Federal Reserve State signals more caution about future interest rate cuts.” This puts a lot of pressure on Gold and we can completely believe that gold will fall even deeper 🔥 XAUUSD BUY LIMIT 2649 - 2647🔥 ✅TP1: 2660 ✅TP2: 2670 ✅TP3: OPEN 🚫SL: 2638 🔥 XAUUSD SELL LIMIT 2676 - 2674🔥 ✅TP1: 2665 ✅TP2: 2655 ✅TP3: OPEN 🚫SL: 2685
OANDA:XAUUSD
by FalCol_TradingMaster
Few things can happen for GoldGood drop because of tight election night so here is the way gold can do; It need to break Resistance 2,663 | 2,685 & 2,700. If it breaks those 3 resistance the but will remain strong and will hit back to 2,725 thru 2,765 zone. If you are in the buy now please be very careful and cautious cuz the resistance are very tight. 2,650 is a pretty strong support along with 2,640 & 2,625.. the buyers should be just fine. Please be cautious and dont put SL too far; place at least %12-14.5 percent away from your entry so you wont lose much. SL : 2,660.70 or 2,659.75 I known its close but it can spike pretty quickly before you know it. So please use proper risk management Lets make this money
OANDA:XAUUSD
by JoyBoyVegae
Gold Wave Analysis 6 November 2024 - Gold broke support area - Likely to fall to support level 2600.00 Gold recently broke the support area located at the intersection of the support level 2680.00 (former monthly high from September), support trendline of the daily up channel from September and the 61.8% Fibonacci correction of the upward impulse 1 from the start of October. The breakout of this support area accelerated the active minor ABC correction from the end of November. Gold can be expected to fall further to the next support level 2600.00 (which stopped the previous intermediate correction (4) in October).
FX_IDC:XAUUSDShort
by FxProGlobal
XAU/USD 06 November 2024 Intraday AnalysisH4 Analysis: Analysis/bias remains the same as analysis dated 31 October 2024 -> Swing: Bullish. -> Internal: Bullish. Gold’s rally persists, driven by the Fed’s dovish stance and heightened geopolitical tensions, strengthening its safe-haven appeal. Price has recently printed higher highs, bringing CHoCH positioning significantly closer to current price level. A bearish CHoCH has printed, signaling the first indication, though not a confirmation, of a potential bearish pullback phase initiation. Price is now trading within an established internal range. Intraday Expectation: Price is expected to continue bearish, potentially reacting at the H4 demand zone or the discount of the H4 internal 50% EQ before targeting the weak internal high. We should however remain mindful that Daily TF is showing very early signs of bearish pullback phase initiation. Therefore, price could potentially print a bearish iBOS. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As outlined in yesterday's intraday analysis dated 05 November 2024, I mentioned that price was expected to target the weak internal low. Price printed to this expectation, successfully targeting the weak internal low and printing a bearish iBOS. While price has not yet printed a bullish CHoCH, it has moved up to the premium of 50% EQ, allowing me to confirm the internal structure. Intraday Expectation: Price is anticipated to target the weak internal low. Note: Given the ongoing Presidential elections, the Fed’s softer stance, and heightened geopolitical tensions, price is expected to remain highly volatile. M15 Chart:
OANDA:XAUUSD
by Khan_YIK