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GOLD trade ideas

CPI DATA RELEASE(Gold against the U.S. Dollar) points to potential further declines in the short term. Based on recent data, are strongly bearish, with a general recommendation of "strong sell" across various time frames. Key indicators, including the Relative Strength Index (RSI), Stochastic RSI, and MACD, show oversold conditions, indicating strong downward momentum. This is further supported by moving averages, where most periods favor selling signals. Gold recently faced resistance around $2,626 and experienced a drop to the $2,590 level, impacted by broader USD strength and market volatility. However, if the price closes below the current support, we may see further declines towards recent lows, with potential support levels near $2,550 or below. It’s important to keep in mind that external factors, like inflation expectations and Federal Reserve policies, could also impact gold’s trajectory. Disclaimer: I am not a financial advisor, and this information is not financial advice. Always conduct your own research before making any trading decisions.
CITYINDEX:XAUUSDShort
by BELLATRIXFX
HelenP. I Gold will break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. In the chart, we can see how the price dropped to the support level, which coincided with the support zone and then started to grow. In a short time, Gold rose to 2665 points and then made a small correction, after which continued to move up. Later, the price rose to the 2720 resistance level, broke it, and started to trades inside consolidation, where it some time traded near this level in the resistance zone. Then Gold rebounded up to the trend line, which coincided with the top part of the range and started to decline between this line. In a short time, the price fell to the 2720 level and later made impulse down, thereby breaking this level and exiting from consolidation. Also, the price broke the trend line, but soon backed up and then continued to decline. Later, the price dropped to the support zone, breaking the trend line one more time, after which a not long time ago rebounded from this area, breaking the trend line one more time. Now, I expect that XAUUSD will rise a little and then drop to 2555 points, which coincides with the trend line, thereby breaking the support level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
3
How Gold Could Unfold In The Near Future.The drop from highs comes after an extreme rally for over a year. Often, with most Markets when you have one period of extreme, Markets eventually unfold and develop into the next phase or trend, which is sentiment driven. In this case, Gold essentially de-pegged from its classic and traditional safe haven stance to become a free spirit. Sentiment case came from a lot of Chinese demand and was propelled by risk on via FED rates coming down. Now, we can see that Gold particularly is being driven by a lessening of safe haven asset holdings and more inflows into assets like the USD on hopes of economic improvement post election. This sentiment case is alike to other ones. If you look post financial crisis, as the world recovers traders start to take on more risk and move out of safe haven assets. There has not been a crisis so far as such, but the same effect is still occurring now. I would not be surprised if this trend continues. Levels for Re-longs noted. Starting light on first, getting heavier as we fall. Any pushes back towards highs and I will re-short.
OANDA:XAUUSDShort
by WillSebastian
5
XAUUSDGOLD BUYERS are weak by close of Newyork session on Friday they failed to break 2573-2574 zone indicating that dollar impulse and fed Dallas speak sentiment will keep dollar buyers on bullish sentiment. while inflation is not within 2% yet and unemployment data coming above expectation ,FED (federal reserve) is not kin on rate cut or increase pending on data report which are viewed as watch tools ,as they will not want to spoil the job market. GOLD WILL PLAY INTO CONSOLIDATION FROM THE SUPPLY ROOF and the demand floor will try to break the previous all time low of 2537.5 while keeping the descending trend line active as litmus test for buying the deep which i see in the zone 2508-2510 another 300pips drop or more. on bullish bet watch out for break of Friday candle high which is 2574-2573. trade with caution ,GOLD is very volatile and we need better calibration for final buy signals,
BLACKBULL:XAUUSD
by Shavyfxhub
GOLD WAVE 4 UNDERWAY final top 3200The chart posted ahs been my work and view of GOLD we topped into major wave 3 at the higher targets of 2824 plus or minus 50 . I turned rather bearish at 2763. We are now in the pullback and will post details for wave 4 low this will mark a nice bottom and we will see the LAST BULL MARKET WAVE UP into 3200 from this point I see a 1980 top and then The major crash similar to 1980 to 1982 . BTW I made my first windfall into the 1982 low in gold and silver at 26 yrs old I feel rather strong as to the similarities Regan =Trump
FX_IDC:XAUUSD
by wavetimer
1
XAUUSD:13/11 Market Analysis and StrategyGold technical analysis Daily resistance 2710, support below 2580 Four-hour resistance 2626, support below 2580 Gold operation suggestions: Yesterday, the technical side of gold ushered in a wide range of long and short shocks in the shock. The gold price in the Asian session continued the previous day's weak downward adjustment, reaching 2589 and stabilizing and rebounding. Finally, the gold price formed a bottoming out and rebounded strongly in the US session to around 2617. Then it continued to fluctuate sideways. Today's key support below focuses on yesterday's low of 2588-90. If it stabilizes at this position, it can be long in the short term. The upper short-term resistance focuses on the 2626 line. Strong resistance suppresses the 2638-40 line. Rely on this range to maintain high-selling and low-buying transactions during the day. The short-term long-short dividing line is near 2626, and wait patiently for key points to enter the market. Be alert to the rapid reshuffle of the market caused by the CPI news in NY time. SELL:2638near SL:2641 SELL:2626near SL:2730 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:GOLDShort
by ActuaryJ
Closing my old and new Selling order / #91 Profits rowAs discussed throughout my Friday's session commentary: "My position: As I expected Fed easing the Rate and which may hurt the DX even more, I have awaited the Fed Rate announcement aftermath and engaged re-Sell order with #2,708.80 since I was aware that Gold will not deliver a move once again above #2,727.80 Medium-term Resistance zone. My order is currently running however I have missed the chance to close the order on #2,682.80 Support / even though my Profit on my re-Sell order is decent already, I will take the Risk and keep the order and close it as close as #2,682.80 Support zone in extension on overall another excellent week for me." I have closed my re-Sell order throughout Friday's session (#2,708.80 - #2,684.80) on a fine #24-point run extending my results range to #91 Profits row and #19 Stop-loss hits regarding December - November cycle. I have closed overall very excellent last week on good note and made another re-Sell order today (#2,672.80 entry point - #2,660.80 closing point) few moments ago. Technical analysis: Following the #2,707.80 local High’s rejection, the Price-action pulled back on a Daily chart’s Engulfing Bearish candle, making an expected Bottom at #2,662.80 - #2,672.80. This doesn't alter my perspective and I am not concerned if I miss any potential upside correction leg towards #2,700.80 benchmark as the current Intra-day levels may be Volatile even for Gold standards. Hourly 4 chart appears to be healthy Descending Channel taken from Double Top formations (Lower High’s / Higher High’s) and a #2,652.80 - #2,662.80 Support base. I am not interested in engaging on additional Risk outside my (more comfortable) Short benchmarks. My position: I have made quick buck few moments ago and will keep operating with Selling order within my well know range. I do not expect any Bullish Short-term reversals as Trade remains "Sell every High's" which Gold delivers. I do expect Gold to continue Trading under Selling pressure and eventual #2,652.80 benchmark break-out.
OANDA:XAUUSDShort
by goldenBear88
Gold buy momentum here is opportunity read the caption From the long-term Elliott wave perspective, price appears to be correcting the bullish cycle that started in October 2023 when Gold was exchanged for 1810. After completing wave (IV) of the supercycle degree in September 2022, Gold rallied to complete waves I and II of (V) in May 2023 and October 2023 respectively. Thus wave III of (V) started in October 2023 at 1810. However, it appears wave III has not finished yet. The current pullback is expected to either be in wave ((4)) of III already or wave (4) of ((3)) of III. The most important task now is to note what
OANDA:XAUUSDLong
by Mrsam36
Gold isn't ready to buy yetI've been trading gold for many years and I can say that I have a pretty good handle gold's behaviors. While I think many think now might be the right time to buy gold as it is "really low" at least by comparison, I don't think so. Gold Buys slowly and overtime, big bull spikes while they do occur they typically aren't the catalyst for the actual bull push. You'd typically find bearish spikes as these are the fake move. What I mean by this is I think gold may continue to sell until it starts to slowly create higher highs and higher lows only to break out slowly after that. The fact that gold is so bearish currently, it is likely to go up to get rid of these sellers within this orange zone (which I have re-analyzed) to the level I've highlighted (black line) and then drop. But why am I choosing this line in particular, well I've studied gold for such a long time - I've noticed that it actually likes to play between obvious levels rather than go directly to them. These are just my thoughts and I wouldn't act on them (for sells) until it actually decides to start going bearish. So even if I am wrong about this, who cares lol
OANDA:XAUUSDShort
by Brandon_evo4
Could Gold reverse from here?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 2,555.82 1st Support: 2,530.28 1st Resistance: 2,588.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
1