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GOLDCFD trade ideas

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 operation strategyFrom the 4-hour analysis of gold, gold closed at 2627 again from the high this morning, but the market still did not reverse. On Thursday, we will continue to focus on the short-term suppression of 2630, focusing on the important suppression of 2640. In terms of operation, we will still treat it as a rebound short-selling for the time being. Don't be blinded by the rebound and think it is a reversal. Below, we continue to pay attention to the short-term support of 2608-10, focusing on the important support of 2596-2600. In terms of operation, we will mainly short-sell on the rebound. In the middle position, we will watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: 1. Gold rebounds to 2630 and shorts, rebounds near 2635-40 to cover shorts, stop loss 2647, target 2610-2608, break to see 2598-2600;
OANDA:XAUUSD
by SXPkings
XAUUSD Buy analysis Gold prices (XAU/USD) edges higher in Friday's European session ahead of the United States (US) ISM Manufacturing Purchasing Managers' Index (PMI) data for December, which will be published at 15:00 GMT. The Manufacturing PMI is seen steady at 48.4, suggesting that activities contracted at a steady pace.The precious metal has a stellar performance in 2024 with gains exceeding 27%, the metal’s best annual return since 2010. This sustained rally is attributed to strong safe-haven demand amid persistent geopolitical tensions in the Middle East and the prolonged Russia-Ukraine conflict.According to three sources cited by Axios, US President Joe Biden reportedly discussed contingency plans to strike Iran’s nuclear facilities if Tehran made significant progress toward developing a nuclear bomb before Donald Trump’s inauguration on January 20. These discussions highlight heightened concerns over Iran’s nuclear ambitions during the transitional period between administrations.Gold price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence of a bullish bias. The metal price has climbed above the nine- and 14-day Exponential Moving Averages (EMAs), indicating a strengthening bullish momentum in the short term. Moreover, the 14-day Relative Strength Index (RSI) has risen above the 50 level, further supporting the development of a bullish bias GOLD Buy NOW  #XAUUSD GOLD BUY  2655 _ 2660 TP¹ :   2665 TP² :   2670 TP³ :   2675 TP4: 2680 STOP  : 2645🛑 100% CONFIRM SIGNAL Use Proper Money Management. Consistency is
OANDA:XAUUSDShort
by KingForex078
GOLD H4 ON RESISTANCE ( SELL )Gold on the H4 chart is testing the resistance area! 1ST RESISTANCE ZONE 2665 2ND RESISTANCE LEVEL 2720 TARGET 2590 Key Points 1. *Resistance Area*: Gold is currently facing resistance, which could lead to a bounce or a breakout. 2. *H4 Timeframe*: The 4-hour chart provides a good balance between short-term and medium-term analysis. 3. *Support and Resistance*: Identify nearby support and resistance levels to refine your analysis. 4. *Volume and Momentum*: Monitor trading volume and momentum indicators to confirm the trend. Trading Strategies 1. *Wait for Breakout*: Enter a long position if Gold breaks above the resistance area, or a short position if it breaks below. 2. *Set Stop-Loss*: Place a stop-loss order below the support area (for long positions) or above the resistance area (for short positions). 3. *Scale Positions*: Consider scaling your positions to manage risk and maximize potential gains. Additional Tips 1. *Combine with Other Analysis*: Use the resistance area analysis in conjunction with other technical and fundamental analysis tools. 2. *Monitor Market Sentiment*: Keep an eye on market sentiment and adjust your strategy accordingly. 3. *Risk Management*: Always prioritize risk management by setting stop-loss orders and limiting position sizes.
OANDA:XAUUSDShort
by FXBELLA001
XAUUSD - Gold reached its previous day's target!Gold is above the EMA200 and EMA50 in the 4-hour timeframe and has exited its short-term bullish channel. The correction of the price of gold towards the demand zones will provide the opportunity to buy it with the appropriate risk reward. In the early days of 2025, gold prices surged by over $40, regaining some of the losses from December and once again capturing investors’ attention. Although December’s decline in gold prices was not significant, it was disappointing for many investors—especially considering the positive news at the start of December 2024 that the Chinese central bank had resumed its gold purchases after a months-long pause. Several key factors are currently shaping the outlook for the gold market. First, the release of China’s economic data on January 7 is expected to play a crucial role in influencing the market. Second, the weak start to 2025 for Chinese equities and domestic investors’ disappointment with the lack of tangible economic stimuli, particularly in the consumer sector, have acted as supportive factors for gold. Additionally, the Federal Reserve’s interest rates and the strength of the US dollar remain important elements to watch. While US bond yields dipped slightly today, the dollar remains strong. For gold to replicate its impressive 2024 performance, a reversal in the dollar’s upward trajectory will be essential. Gold had a very strong performance in 2024, but it now appears to be entering a phase of range-bound movement for a period. Historically, gold has exhibited back-and-forth fluctuations, and with US interest rates continuing to rise, this trend could work against it. Analysts estimate that the $2,500 level could serve as a price floor in the first quarter of 2025. Any price dips are likely to attract buying pressure, though a significant upward breakout is not expected. A key factor that could support gold would be a decline in the 10-year US Treasury yield. For instance, if the 10-year yield drops below 4%, it could trigger a significant rise in gold prices. However, there is little interest in selling gold under current conditions.It is predicted that gold’s behavior in 2025 will resemble its performance in 2021, where buyers were present but no substantial upward movement occurred. Should gold break above the $2,800 level, this could trigger major changes and push prices toward the $3,000 mark. It would not be surprising if this happens at some point during 2025. However, the first few months of the year are expected to favor range-bound price movements.
FOREXCOM:XAUUSDLong
by Ali_PSND
How much further can gold bulls go? News analysis: On Thursday, January 2, spot gold rose slightly in the U.S. market and is currently trading around $2,652/ounce. Gold prices closed up 0.72% on Tuesday at $2,624.28/ounce, helping gold prices rise 27% in 2024, the largest annual increase since 2010, driven by safe-haven demand and interest rate cuts by central banks; however, market sentiment may become more cautious, depending on policy shifts during Trump's second term as president. In addition, the U.S. dollar index hit a two-year high on Tuesday, and the U.S. 10-year yield achieved its best annual increase in two years, and gold was also cautious. Gold Trend Analysis: Judging from the current market situation, the technical form also highlights the situation that has stopped the decline and is favorable to bulls. First of all, look at the daily line. Tuesday's dip and rebound trend closed positive on the daily line, but with the piercing of the 5-day moving average and the weakness of the 10-day moving average The downward pressure pattern shows that the short-term resistance is very fragile. In addition, other cycle indicators maintain a bullish arrangement. The Bollinger Middle Rail also extends upward. At the same time, the double lines of the MACD indicator have signs of forming a golden cross again. Therefore, the overall daily line seems that bulls are entering. Take proactive steps. In the 4 hours, after rising in early Asian trading, the current price is still hovering near the upper Bollinger Band. Although the upper Bollinger Band shows a suppressed form, as the short-term moving average moves upward, the lower Bollinger Band also extends upward, so it can be judged that The short-term downside space for gold prices is limited; in addition, the MACD double-line golden cross is in an upward form and has sufficient upward potential. Therefore, the overall 4-hour level can be expected to fall back and the bulls will launch a counterattack again after adjustment. Operation idea: In day operation, it is recommended to mainly go long on dips, supplemented by shorting highs. For short-term support below, focus on the 2635-2638 area, and continue to look at the 2650-2660 area above. If the bears strongly break through the 2625-2630 area, it means that the market has peaked in the short term, and there is a high probability that the 2610 area will be explored again, or even exist. Possibility of breaking down. For the short-term resistance above, pay attention to the 2658-2660 area first, and try short selling. Focus on the 2666-2668 area during the day.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01