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XAU/USD GOLD AnalysisIn My Overview Of (XAU/USD) highlights key technical levels for a potential trading setup: 1. Support Level: The area around 2,674.50 serves as a strong support zone, where buyers are likely to step in. 2. Buy Entry: A buy entry is suggested at 2,700, targeting the next resistance levels. 3. Take Profit (TP): The first take-profit level is marked at 2,720, within the green zone, where prices may face resistance. 4. Resistance Level: A critical resistance zone is identified near 2,748, representing the upper boundary of the anticipated upward move. chart indicates a bullish outlook with a potential breakout above 2,700, targeting the next resistance levels. Risk management is critical, with the support zone serving as a stop-loss area in case of a reversal. Fundamental factors, such as gold's safe-haven appeal and global market conditions, should be considered alongside this technical setup NOTE This Analysis For Educational Purposes Only
CAPITALCOM:GOLDLong
by AMELIA_Fx
25.01.16 GOLD will test new high before Z zoneHello traders, The data released by the U.S. Department of Labor shows that the unadjusted CPI in the U.S. rose by 2.9% year-on-year in December 2024, matching expectations, and up from 2.7% previously. The seasonally adjusted CPI increased by 0.4% month-on-month in December 2024, compared to an expected rise of 0.3% and a previous value of 0.3%. The seasonally adjusted core CPI rose by 0.2% month-on-month in December 2024, in line with expectations, while the previous value was 0.3%. The unadjusted core CPI rose by 3.2% year-on-year in December 2024, slightly below the expected 3.3% and the previous value of 3.3%. This indeed reflects a somewhat weak CPI data, helping Biden conclude his term with favorable numbers. On 4H chart, GOLD has reached TP1 (last high), n could run a Z zone before reach TP2-TP4. On daily chart, gold still running above EMAs. This means the long uptrend could be really long time. Traders who has not in the trend now still have chances to join later. GOOD LUCK! LESS IS MORE!
OANDA:XAUUSDLong
by FUNTRADER-Vera
Technical analysis of gold trend Price review and key levels As can be seen from the chart, gold has recently fluctuated between $2,684 and $2,691. The current price is at the upper edge of the rising channel, showing certain upward potential. Fibonacci retracement levels provide important support and resistance levels: Fibonacci 0.236 ($2,678): The current price is close to this resistance level, and breaking through this position may open up further room for growth. Fibonacci 0.382 ($2,666): In the recent adjustment, this level has provided short-term support. Fibonacci 0.618 ($2,646): Shows strong support and is an important support point for the current upward channel. Technical pattern analysis 1. Rising wedge: The red trend line shows that the price of gold is fluctuating along the rising wedge, and the rising wedge usually indicates that the trend will continue. 2. Double top signs: A double top pattern appeared at the recent high, but the neckline was not broken, indicating that the bulls still have a certain degree of dominance. 3. Potential pullback: If the upper edge fails to break through in the short term, the support level of $2,675 (lower edge of the channel) may be tested again. Upward target Short-term target: If the price successfully breaks through the previous high of $2,697, the next target will be $2,705 or even higher. Long-term target: The channel extension trend shows that if the bulls are strong, the price has the potential to test the psychological barrier of $2,730. Risk factors and operation suggestions 1. Risk: If it falls below the lower edge of the channel (near $2,660), it may trigger more selling pressure, and the key support below is $2,640. 2. Trading suggestions: Long: It is recommended to wait for the price to break through $2,697 and then chase long with a light position, with a target of $2,705-2,720. Short: If it falls below $2,660, you can short with a light position, with a target of $2,646. Gold is currently in an upward trend, and in the short term, pay attention to the breakthrough of the $2,697 resistance level. The operation is mainly based on trends, and flexible responses are taken in combination with key support and resistance levels.
FOREXCOM:XAUUSDLong
by RonPeter_Trading
Best Chart Patterns in Price Action for Intraday & Swing Trading Last year I shared more than 1000 free swing and intraday trading signals for Forex, Gold, Silver, Oil, Crypto and Major Indexes. The majority of the setups were based on classic price action chart patterns. What I did through the trading year, I kept a record of each free signal that I posted: noting the winners, losers and the entry reason. In this article, I will share with you the most accurate and profitable patterns for trading by accuracy and winning rate. First, let me reveal the list of chart patterns that I traded this year: double top & double bottom, head & shoulders pattern, cup & handle, bullish and bearish flag, rising and falling wedge, horizontal channel, ascending, descending and symmetrical triangles. And I did not trade every pattern that I spotted. There were some specific criteria that I relied on to confirm the validity of the patterns. Keep reading and you will learn these criteria. Secondly, you can back test the performance of a trading setup and of each pattern that I shared on my official tradingview page by your own. Simply, use the filter to display the desired pattern. Tradingview does not allow removing the trading signal once it is posted, so all the results are 100% real. My TradingView Page - www.tradingview.com Thirdly, all the chart patterns that I trade strictly formed on key daily supports and resistances . I never trade the patterns beyond key levels. For example, the triangle chart pattern on an hourly time frame on EURAUD that I posted recently was formed on a key daily horizontal resistance. Please, note that the price action patterns alone that are formed far from strong supports and resistances will always have a lower winning rate. Also, I applied the chart patterns primarily for day trading and swing trading. The time frames that I used were daily/4h/1h. For scalping, the performance will be different. And the last thing that patterns in chart patterns trading is the direction of the market trend. The price action pattern that indicates a price movement against the trend will always have a lower accuracy than the one the aligns with the trend and give a trend following signal. In the trading setup above, I spotted not only a bullish price action pattern on an hourly time frame but also a strong bullish trend on a daily. Following all these criteria, here are the winning rates of chart patterns that I traded this year. Double top & double bottom pattern get 66% winning rate. That's the example of a perfect double bottom chart pattern for trading. Remember that the fact that the price formed a pattern does not provide a reliable signal, we trade only after a breakout of its neckline and a candle close beyond, that is our strong confirmation. Head & shoulders pattern and its inverted version get 69% winning rate. You can find a valid head and shoulders pattern above. It was formed on a key daily resistance, and the trade was opened strictly after a violation of the neckline. Cup & handle pattern and its inverted version has 67% accuracy this year. That's a very perfect cup and handle that the price formed on a key support. Confirmation is the violation of the horizontal neckline. Bullish and bearish flags get 62% accuracy. Examine the perfect flag pattern on USDJPY. The market is bullish on a daily and trades within a rising channel. The price formed a bullish flag on an hourly, approaching its support. Our signal to buy is the violation of its upper trend line. Rising and falling wedges get 64% accuracy. The rising wedge that the price formed on the chart above perfectly aligns with the up trend on a daily. Horizontal channel - the range achieves 68% winning rate. The horizontal range that the price formed after a breakout of a key daily support and its consequent test was broken to the downside, giving a reliable intraday confirmation signal. The accuracy of ascending and descending triangles gave correct signals in 67% of the trades. We made a nice profit, buying Bitcoin after a breakout of a neckline of the ascending triangle pattern that was formed on a retest recently broken daily resistance that turned into support. Symmetrical triangle got 61% winning chance. The violation of a falling trend line of a symmetrical triangle after a test of a key daily support gave a strong intraday bullish signal. The best and the most accurate trading setups were based on a combination of multiple patterns. It is a situation, when the market forms 2 or even more the-same biased patterns. The trading setup above combines 2 bearish price action patterns on a key daily resistance: rising wedge pattern and descending triangle. Breakouts the trend line and neckline of both patterns gave very accurate bearish signal. Such setups have a winning chance above 70%. The one setup that gave almost 83% winning rate this year was based on a combination of a falling wedge pattern and a cup & handle pattern within. In that setup, you can find not only a falling wedge pattern and its resistance breakout but also a cup & handle pattern that formed within and its neckline violation as well. Always record the results and the entry criteria of your trades. It will help you to identify the most efficient entry signals and the worst ones. I hope that my observations will help you in the next trading year. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
9
Gold Price Analysis: Bullish Momentum Hinges on 2630 SupportOANDA:XAUUSD began the year on a positive note. After testing the 2600 support level several times before the New Year, the price rose and reached a high of 2666 on Friday. Currently, the price is undergoing a normal correction following the 600-pip rally and, at the time of writing, XAU/USD is testing support around 2635. To sustain its bullish momentum, the price needs to reverse upward and reclaim the 2650 level. If this occurs, bulls could anticipate further continuation toward the 2700 resistance zone, with interim resistance levels at 2666 and 2680. However, if the price falls below 2630, the 2600 level will once again be exposed, and Gold could remain range-bound. For now, I remain bullish as long as the 2630 support level holds.
OANDA:XAUUSDLong
by Mihai_Iacob
6
GOLD Next Expected Resistance Zone XAUUSD Gold next moving what's Gold will React fallowing to the Chart we will Expect Gold movement first will break from 2700 Now price will Touched to the top Resistance zone area in my mind ill think tomorrow price will move at 2640 but if the price will cross tomorrow 2735 that's one our first Target so next Possible Target Zone 2750. Resistance zone 2735.00 /2750.00 Support Levels 2710.00 if the price will touch to the Support after we will rise again use scalping Taking profit to long Term. PS Support with like md comments for more insights Thanks Traders.
FOREXCOM:XAUUSDLong
by Sense_Trading