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GOLD trade ideas

Gold Update (Elliott Wave Analysis)Gold’s been in a downtrend since late October, wrapping up Elliot Wave 5. But here’s the kicker: on the 4H chart, we’re spotting a possible inverse Elliot wave cycle. 📉 We’re nearing the end of this correction phase and gearing up for a bullish breakout! 🚀 Currently, we’re trading in a robust Daily demand zone, eyeing a reversal that could kickstart a fresh Elliot cycle. Targeting the supply zone at $2762-$2790. 📈 Plan: Enter at the end of Wave 2 to ride Wave 3 and hold until Wave 5 wraps up, with a trailing stop loss to lock in those gains. 🤑 Get ready to ride the wave! 🌊💰
OANDA:XAUUSDLong
by MESHANL
XAU USD (A complex setup)GOLD looks like not out of the woods. Sell off pressure could still drag the price to D levels. Although the current zone is probably what all the traders are expecting for a reversal. A Stop loss hunt could be on cards if the price breaks down from this range. Its just a probability. Daily timeframe looks primed for a reversal but hourly suggest a minor pull back to downside.A fake out to the upside could be possible if the harmonics is to be played out. Its a Complex setup. So manage risk accordingly
OANDA:XAUUSDShort
by TRADETITANWAQAS
GOLD ROUTE MAP UPDATEHey Everyone, What a day in the markets today with another big drop following on from last weeks election move. We observed today and watched our bearish side of the setups play out with 2682 being hit on market open followed with ema5 cross and lock opening 2657,which was also hit and then continued into 2638 and now the swing range. Both of these two levels were confirmed with candle body close confirmation, as ema5 was lagging due to momentum. We are now seeing price in the swing range and looking for a reaction here. Failure to hold support here and we will switch to our 4h chart to track the extended range. We will now patiently wait for the momentum to exhaust, so we can continue to stick with our long term trend and buy dips. We were looking forward to this correction for a while now, to enable us to get back in the wave. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2704 EMA5 CROSS AND LOCK ABOVE 2704 WILL OPEN THE FOLLOWING BULLISH TARGET 2725 EMA5 CROSS AND LOCK ABOVE 2725 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 BEARISH TARGETS 2682 - DONE EMA5 CROSS AND LOCK BELOW 2682 WILL OPEN THE FOLLOWING BEARISH TARGET 2657 - DONE EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE FOLLOWING BEARISH TARGET 2638 - DONE EMA5 CROSS AND LOCK BELOW 2638 WILL OPEN THE SWING RANGE RANGE SWING RANGE 2621 (DONE) - 2608 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
Lingrid | GOLD Breakout - PULLBACK - Continuation The price perfectly fulfilled my last idea. It hit the target level. OANDA:XAUUSD is currently showing signs of slowing down after breaking and closing below the strong support level of 2600. This suggests that a pullback may occur following the breakout. The price is clearly respecting the downward trendline, further affirming the bearish momentum. Additionally, XAUUSD has broken below the previous support level, which has now turned into a resistance zone. If the price retests this level, it could present a viable shorting opportunity. With upcoming high-impact news likely to introduce volatility into the market, I anticipate a pullback followed by a continuation of the downward trend. My goal is support zone around 2500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
9
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Not a bad day at all on Gold today with price hitting all 3 of our hotspots, completing the Excalibur targets to the downside, and then the hotspot and red boxes giving us the RIP we wanted to go long to complete the higher target. Although we didn't anticipate lower, the red boxes were just not agreeing to go long as suggested. Now, we're on the flip again, with support below at the 2550-55 level which needs to hold us up to then target the 2580-85 region as illustrated on the chart. We're not discounting another move down, however, we would like this to go a little higher before then coming back down. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
XAU/USD Price Outlook: Critical Levels and High-Impact ScenariosLeft Side (15-Minute Chart) Elliott Wave Structure (Short-Term) The chart shows a minor 5-wave impulsive structure upwards, labeled with pink numbers (1-5), indicating a short-term bullish impulse. This upward impulse is followed by a corrective "WXY" pattern, suggesting consolidation or retracement before further potential upward movement. Key Fibonacci Levels Various Fibonacci retracement and extension levels are displayed, which serve as potential areas of support and resistance: 1.382 (2,552.90) and 1.618 (2,549.70): These Fibonacci extensions align with potential support zones, which could act as targets for a corrective pullback. 0.5 (2,557.05) and 0.618 (2,552.26): Typical Fibonacci retracement levels that may act as support or areas of reversal if prices pull back. Liquidity Concepts and Order Blocks Low Resistance Liquidity Run (LRLR): This concept indicates a zone where there is minimal resistance to price movement, suggesting potential for a continued rally or drop based on strong momentum. Bullish Order Block (OB) at around 2,550. This area serves as a possible support where buyers could enter the market, potentially supporting further upside. Divergence C: Mentioned as a divergence, which could indicate weakening momentum or a potential reversal area if aligned with other technical signals. Volume Profile and Point of Control (POC) POC at 2,553.55: This level represents a high-volume node where significant trading activity occurred. It may act as a key support level, attracting buy orders if the price revisits it. Volume profile analysis can provide insight into areas of significant interest for traders and could be used to identify potential support/resistance areas in the short term. Invalidation Point Invalidation Wave 0 at 2,536.74: If price moves below this level, it would invalidate the short-term bullish scenario, potentially leading to a bearish continuation. Right Side (4-Hour Chart) Wyckoff Analysis & Larger Elliott Wave Structure Wyckoff Schematic: This part of the chart continues to show a distribution/accumulation pattern, now in Phases C and D. Phase C & D: In Wyckoff terms, this would suggest the market is in the final testing stages of an accumulation or distribution cycle, where price tests support levels before a potential move upwards or downwards. BOS (Break of Structure) and CHoCH (Change of Character) labels: Indicate key points where price behavior shifts, potentially marking reversals or trend continuations. Inducement and Trap Zones Inducement (4H): A fake breakout designed to trap retail traders, indicating a potential false rally where prices may pull back. This suggests that retail traders might be lured into buying, only for the price to reverse as larger players sell into the move. Such zones can be critical in anticipating a price reversal after a liquidity grab. Key Resistance Levels Bearish Order Block (OB) around 2,775.85 (0.786 retracement) and 2,744.78: Acts as major resistance zones on the 4-hour timeframe, where a bearish reversal could occur. 2,682 - 2,693 zone includes multiple resistance points and aligns with BC distribution levels, suggesting it may be challenging for price to move above without strong bullish momentum. Projected Pathways Wave Projections: A possible pathway for further corrective waves in red is shown, which follows a complex corrective pattern that could indicate a temporary bullish rally before further downside. Potential Upside Targets: If price does break above the nearest resistance zones, the chart suggests a move toward 2,737.39 (POC) or even higher to the 0.786 Fibonacci level at 2,775.85 as likely targets. Downside Targets: The downside scenario shows price possibly moving down toward support levels around 2,601.81 (PML) or even further if the distribution phase completes. Support and Resistance Lines Support Line AR Distribution (1D): Around 2,624.55 and Resistance Line BC Distribution (1D) around 2,693. These are identified as longer-term structural levels within the distribution phase. Liquidity and Momentum LRLR and Minimal Resistance Areas: Highlighted in purple on the chart, these zones suggest where price may experience strong momentum with little resistance. If price enters these zones, it could accelerate toward the next key support or resistance level, especially if liquidity builds up there. Summary of Key Levels and Outlook Resistance Zones 2,775.85 - Bearish OB at 0.786 retracement: Major resistance where a bearish reversal is likely. 2,737.39 (POC) and 2,693.33: Resistance zones that could trigger a sell-off if price moves into them. Support Zones 2,558 - 2,552: Fibonacci extensions and POC on the 15-minute chart; could act as short-term support in a corrective phase. 2,601.81 (PML) and 2,589.50: Lower support levels where a stronger demand may emerge if prices drop significantly. Potential Price Movements Bullish Scenario: If price holds above the 2,552 support level on the 15-minute chart, we could see a short-term rally toward the resistance zones at 2,682-2,693 or even 2,737. However, the larger bearish structure and Wyckoff distribution may limit the bullish rally. Bearish Scenario: A failure to hold above 2,552 or a reversal from resistance around 2,775 could signal further downside. If price drops below the invalidation level at 2,536.74, this would strengthen the bearish outlook and lead to a test of lower support zones around 2,589 and 2,601.
FX:XAUUSDLong
by spacedevil
1
GOLD / Are we touching the bottom or flying up?After 2 wins in a row in 'Mind' section, I opened the 3rd position. Let's post here. Here is what I think: Gold price almost touched the bottom of the 6-day bearish trendline. Is there a chance that the price will go up? Sure. But according to my analysis and tools, the price will go down back to 2540 again with a probability of 75%, there is a possibility that it'll go even lower, but I'll take only 150 pips down just to be more confident. To be honest, I think that even if today's news about PPI is positive for gold, gold will still fall. It'll definitely reverse, but it must reach the bottom first. My position: TP at 2540, my stop loss is very far to be on the safe side. Trade safely and let's see what happens! ☕️
OANDA:XAUUSDShort
by AltairView
1
XAUUSDHere is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last analysis on XAUUSD , gold has dropped from the break of 2678 all the way down to the targeted 2600 (KDZ) Key Demand Zone . We have dug deeper, 2590 to be exact. This is our new KL (Key Level) . We are expecting one of the two outcomes. Scenario 1: BUYS We are trading above 2590 with failing to break it, and we are starting to see some sellers exhaustion. Gold starts to turn and breaks above 2624 and continues breaking above other key levels. Scenario 2: SELLS We broke 2590 and are targeting our next KL (Key Level) 2650 . Breaking this key level would result in even deeper pullbacks down to 2530 . The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. KEY NOTES - XAUUSD came to our KDZ (Key Demand Zone) 2600. - XAUUSD has dropped to lower areas (2590). - Trading above 2590 and breaking above would result in buys. - Breaks below 2590 would result in Scenario 2 unfolding. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
GOLD LOWER TIME FRAME ANALYSIShello guys happy new week lets start gold analysis in h1 . in last analysis again price perfectly fell to my second target and made +800 pips profit big profit. the price reached to the strong support 2538 level and rejected from this level for first time . the market made a falling wedge pattern also broke trend line i think maybe gold retest the 2538 again make a range area and then we have a bullish movement in short time .the main trend in higher time frame is still bearish after a corrective movement gold will continue downtrend
FOREXCOM:XAUUSDLong
by Lady_scalper
Gold Consolidation: Key Breakout Levels to Watch for Next WeekGold is consolidating around key levels on the 15-minute chart, with recent buy and sell signals indicating potential for a breakout. Traders should watch for a bullish breakout above 2,568.94 for a buy opportunity, targeting levels like 2,580 and 2,600. Conversely, a bearish breakdown below 2,563.78 could signal a sell, with targets around 2,550 and 2,540. Monitor moving average crossovers and external economic events to confirm trend direction.
TVC:GOLDShort
by TradeTrendsPro