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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

GOLD → Correction is getting stronger. Next is 2500Hello, dear traders, Ben here! Spot gold is consolidating around the $2,600 mark on Wednesday after extending its recent slide to $2,589 per troy ounce, marking the lowest point since September Meanwhile, sellers have decided to take a pause ahead of the key U.S. CPI report, which could significantly impact Fed rate-cut expectations and provide fresh momentum. In theory, any effort to drive gold prices higher might be constrained due to the poor performance of stocks, which continues to boost demand for the U.S. dollar. Most Asian and European indices closed in the red, while Wall Street pared its latest gains, with all three major indices down, albeit with limited declines. Looking ahead, October’s Consumer Price Index (CPI) is expected to come in at 0.2% month-over-month and 2.6% year-over-year, the latter being slightly higher than the previous 2.4%. However, the annual core CPI is anticipated to remain stable at 3.3%. Additionally, market participants are speculating on what a potential Trump return to the White House might mean for the U.S. and the rest of the world. From a technical perspective, gold is attempting to break out of a primary range, breaching the key support. If there’s a false break around the 2,610 level, a minor correction toward resistance may form. However, with prices testing a strong support level, we may see a false breakout and a corrective movement to the 2,626-2,636 area (0.618 fib line) before resuming the downtrend.
OANDA:XAUUSDShort
by Bentradegold
7
Weekly CLS range just right above the Weekly OBwaiting for the manipulation and Model 1 entry with targets on 50% of the CLS. The goal of this post is to show you briefly my unique method of reading the market by understanding CLS. Let's put it all together 🧩 📍HTF Level - Weekly Order Blog 📍CLS Range Weekly 📍Dropping to the H4 will be monitoring for the manipulation and CIOD. Entry model 1 Follow me if you want to learn more about CLS Trading. What is CLS? You may never hear about them. Find them on Google. This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are market maker - smart money. Good Luck Dave Hunter
OANDA:XAUUSDLong
by Dave-Hunter
XAUUSD 17/11/24Following the previous weeks' analysis, we are once again adhering to the bearish narrative for this pair. Many traders have attempted to go long despite the pair showing strong bearish momentum. In my opinion, this is due to a couple of major factors. Firstly, gold is considered a safe haven, and as the market becomes more fluid, liquidity is being redirected to other assets that may carry slightly more risk. Secondly, the election of Donald Trump as president has bolstered confidence in the economy, further contributing to this liquidity shift. While gold remains a reliable safe haven, these factors have influenced its price movements. It’s important to note that this view is based on my perspective. Over the past few months, gold prices have surged significantly, making a corrective move almost inevitable. As mentioned in the EUR/USD market analysis, we are maintaining a bearish outlook here as well. After sweeping the daily low—indicated by the arrow on the left-hand side—the market experienced a short-term push to the upside. This move has swept liquidity, and we are now anticipating a reallocation higher within the short-term range that has been established. Within this range, there is an unmitigated supply area similar to what was observed on the previous chart. We expect the price to run through the short-term highs located in the middle of the range before initiating a sell-off near the upper boundary. However, there is also a possibility that the sell-off could occur earlier, without pulling back into any of these areas. Should that happen, the chart will need to be updated accordingly. Our overall targets are the liquid highs at the upper end of the range, followed by a continuation to the downside, with the price running the marked low and sustaining its bearish trend until the bias shifts. Trade safe and stick to your plan.
OANDA:XAUUSD
by rosshayes
LONGterm gameplan for GOLD - Can it reach 3 000 USD next year? Hello Folks, these days i see a lot of speculations at the market with crazy positive sentiment in Bitcoin, other s#!@-coins and tech stocks. So many investors are selling their Gold and gold stocks to Buy into hype. Seems like there is no uncertainty after US elections, and all problems (including inflation and wars) will be solved by Trump-Musk duo. The most important question is: Is that smart move and will the speculative sentiment last? This chart of gold should be without emotions, just pure Technical analysis what can we expect in mid - long term. At least what I expect to happen. Gold is retracing after it finalized last sub-wave of ((iii)) within wave 3. Most probable and important level is around 2418 - 2363 USD /oz. At that moment, most late Gold bulls (Retail) will be wiped-out or out of market licking their wounds. So I target exactly zone from 2526 USD to 2363 USD as my BUY zone. I plan to buy back into best miners / developers in Gold + Silver sector. Also turn in gold sentiment during December - January could be supported with Foreign central banks buying physical gold again. After retail see this sentiment change, they will come back and support wave ((v)) of 3 to 2 900 - 3 000 USD/Oz. This will be strong psychological level to break. I doubt we can break it for first time = corrective wave 4. #Gold #Silver #miners #Goldminers #Silverminers #Silverminer #Goldminer #US #Debt #inflation
OANDA:XAUUSDLong
by LongevityContrarian
XAUUSD:15/11 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2627, support below 2500 Four-hour resistance 2581, support below 2535 Gold operation suggestions: Yesterday, gold technically fell and then rose, and the deep V rebound rebounded strongly. The price of the Asian and European sessions was under pressure at the 2580 mark and fell rapidly. The European session further retreated downward and broke through the 2570 mark to reach 2560 and fell into sideways fluctuations. Before the US session, it quickly fell down and broke through the 2540 mark to reach 2536 and stabilized, and finally formed a deep V rebound, breaking through and standing on the 2570 mark to reach 2578 and fell under pressure to close. The short-term decline in gold prices may have bottomed out at 2636. Today, the short-term support of 2550-2553 is concerned below, and the short-term pressure above is concerned around 2588-90. The overall support for the day is to sell high and buy low in the 2550-2590 area. At present, the decline of gold has almost reached a certain level, and it is likely to start to fluctuate and consolidate. In the short term, the gold price will stabilize at the 2536 mark and fluctuate upward to repair the previous decline. Do not short at will at a low price. BUY:2550near SL:2545 SELL:2581near SL:2585 The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
1
Gold XAUUSD How Long This Correction Will Continue! Read CaptionOANDA:XAUUSD forms a retreat and tests 2577 following a fake breakdown of 2546. After such a severe fall, it is a very reasonable response. The dollar is growing more quickly, and the fundamental context is still negative. China's ambiguous economic figures heightened economic worries. Powell stated that there is no need to lower interest rates right now because the economy is still expanding, the job market is strong, and inflation is still above the 2% target, but this uncertainty regarding future rate reduction by the US Federal Reserve is still weighing on the markets. Now, everyone's eyes are on the crucial retail sales data. Technically, it is important to watch the resistance at 2589 and the 0.5-0.7 fibo. Below these areas, a false breakdown and consolidation could lead to a collapse. Resistance levels: 2578, 2592, 2604. Support levels: 2543, 2532, 2504 Key : 2565 OANDA:XAUUSD Gold is currently indicating that the pullback up might be a little drawn out. Before the news, MM will probably aim for liquidity (above these levels). Bears may become active in response to a false breakout, which would only boost sales. However, the likelihood of a breakdown and decline will rise if there is a bounce from 0.5 fibo and a smooth recovery to 2546.
FX:XAUUSDShort
by GoldMasterTrades
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
Today Gold Analysis *XAUUSD (GOLD) TECHNICAL ANALYSIS* *Time Frame:* 4-Hour Chart *Current Price:* 2565 *Trend:* Bearish Reversal *Key Levels:* - *Resistance:* 2575 (Previous Support) - *Support:* 2550 (200-MA) - *Pivot:* 2563 *Indicators:* - *RSI (14):* 45.12 (Neutral) - *MACD (12, 26):* Bearish Crossover - *Moving Averages:* - 50-MA: 2571 - 200-MA: 2550 *Candlestick Patterns:* - Bearish Engulfing Pattern - Dark Cloud Cover *Analysis:* The XAUUSD pair is showing signs of a bearish reversal. The price has broken below the pivot level (2563) and is approaching the support level (2550). The RSI is neutral, while the MACD indicates a bearish crossover. *Trading Strategy:* - Short Sell at 2563-2566 - Take Profit Levels: 1. TP1: 2560 2. TP2: 2555 3. TP3: 2550 4. TP4: 2540 - Stop Loss: 2583 *Risk Management:* - Stop Loss at 2583 to limit potential losses - Consider scaling out profits at each Take Profit level *Market Sentiment:* - Bearish sentiment dominates - 60% of traders are short-selling *Fundamental News:* - US Dollar strength weighing on gold prices - Interest rate hikes expected *Conclusion:* The technical analysis suggests a bearish reversal in the XAUUSD pair. The trading strategy is to short-sell at 2563-2566, targeting 2560, 2555, 2550, and 2540. Risk management is crucial, with a stop loss at 2583.
CAPITALCOM:GOLDShort
by ForexGoldkinggg
Gold rebounded strongly, short-term bearish, long-term bullishGold bottomed out and rebounded yesterday, and rose sharply in the late trading, approaching the resistance of 2578! The daily MA5 moving average moved down to 2583, the four-hour MA10 moving average was 2570, and the lower track of the Bollinger band was 2588. The top and bottom conversion position of the previous low was 2590, and the hourly RSI indicator returned to the central axis. The upper track of the Bollinger band closed at 2580 and the lower track was 2545. The intraday trading range oscillation idea layout, short-term participation in short-selling, long-term bullish. The gold 1-hour moving average continued to cross the short arrangement, and the gold moving average resistance now moved down to around 2580. Gold began to fall under pressure at 2578 in the US market yesterday. Today, the Asian market rebounded to around 2580 and can enter the market. First support: 2556, second support: 2545, third support: 2530 First resistance: 2580, second resistance: 2590, third resistance: 2605 Trading strategy: You can sell high and buy low near the first resistance 2556 and the first support 2580. If the NY session fluctuates greatly, pay attention to the second resistance and support
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Sell order engaged / #2,545.80 only Support ahead of #2,500.80Technical analysis: Price-action is now circling the #2,552.80 benchmark but not gaining more Bullish momentum as Buyers expected, as it seems that DX found the Support fractal. I can't speculate how far or downwards Price-action can go fuelled by new market dynamics, only follow it Technically. And Technically on huge declines, moving the Stop-loss in Profits every #5 - #8 points) will be acceptable Risk at the moment, as Buying on such Bearish bias is not advisable. Gold is approaching again the Lower High’s trendline of the Hourly 4 chart’s Volatility (on one of the strongest Intra-day mixed values since late May), slightly above my Support zone which is an ideal Selling point (as I implemented Selling every Top strategy when DX was testing #20-Year High’s, delivering excellent Profit). As discussed, unless #2,545.80 - #2,552.80 breaks, Price-action within is Neutral, leans to Bearish side more and suitable only for Sellers. As expected Gold reacted to the DX gains strongly with every Daily candle and broke through the Lower layer of the Rectangle, but current defence line poses as the strong Support which may engage Intra-day recovery on the asset. I will continue Selling (tight Stops) as long as DX is on Selling sequence and keep in mind that major Bullish reversal is out of question as long as DX is on relief rally. My position: Gold is showcasing underlying Bearish trend and is comfortably Trading near #2,552.80 psychological barrier throughout the session (Xau-Usd Spot prices). The pullback can extend as High as the Resistance (former Support now turned to Resistance) on Daily chart which is currently Trading at #2,572.80 - #2,582.80 and if #2,582.80 gets invalidated, I do expect #2,600.80 benchmark test in extension before new Short-term Sellers appear (less likely). The real market news should soon enough be digested by market and due halt on DX, current session most likely won’t reveal any major clues unless #2,545.80 Support gives away. If #2,545.80 Support fails to hold, #2,527.80 is the next Support to be filled and expect a Lower High’s Lower zone to be met there. Therefore I have engaged re-Sell order with #2,570.80 entry point / optimal Target remains #2,545.80 Support and if Support gets invalidated, I will close my order and re-Sell Gold below (#2,500.80 benchmark Target).
TVC:GOLDShort
by goldenBear88