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1/14 Gold Trading StrategiesTrading Strategy: SELL 2677-2684 TP 2664-2652 Resistance is located between 2677 and 2684, while support is between 2656 and 2648. On the 1-hour chart, this pullback has not broken below the support zone, so the overall trend remains bullish. During this rebound, the key resistance lies in the 2677-2684 range. If the resistance is not broken, a retest of the support becomes inevitable. Based on the current indicators and market structure, the probability of a breakout seems low. Therefore, the trading strategy is to focus on shorting around the resistance zone.
OANDA:XAUUSDShort
by China_MsWang
Gold fell back after an unsuccessful breakout Recently, the price of gold has been fluctuating upward, successfully breaking through the previous channel structure and once reaching the $2,700 level. However, after the high, the market momentum has weakened significantly, and the upward trend failed to continue during today's Asian and European sessions. After the opening of the US market, the price of gold quickly turned downward, breaking through the key support of $2,680, and returned to the previous channel. From a technical point of view, the short-term high point of the gold price has gradually moved down, and the market has shown a clear weak trend. The price has formed a rhythm of "fast decline and slow rise" in the fluctuation, and the short-selling force is dominant. At present, the $2,664-2,660 area below has become an important short-term support level. If this position is effectively broken, the price is expected to further test the key support level of $2,650. On the upside, pay attention to the $2,680-2,675 area. If the pressure level at the top of this channel can be broken, the gold price may usher in another opportunity for a rebound. The strength of the price trend shows that the long and short forces are alternately strengthened, but the short trend is slightly dominant; the RSI indicator hovers below the neutral area, indicating that market sentiment tends to be conservative. From the daily level, gold failed to break through and turned to a correction, and the overall trend is bearish. In general, gold is still in the stage of falling after multiple failed upward explorations. In terms of operation strategy, it is recommended to focus on rebound shorting, and pay attention to the reaction of the key pressure area of ​​2675-2680 US dollars above. If it falls below 2660 US dollars, short orders can be considered to follow up gradually, looking at 2650 US dollars or even lower levels. It is necessary to pay close attention to market news, especially the potential impact of the Fed's policy trends and changes in the US dollar index on gold.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Rising Wedge channel Still in rising wedge Most probably we were expecting the downmove because trend have to be completed at this way Right now closing candle is really interesting in H4 reason is that it is creating a indications while a formation of bullish ❗️ Although 2650 area is a challenging point all our idea would be Invalid if and only if break that point On the other hand if market move in this channel we are expecting these target which were given in chart and last point would be 2720.00 XAUUSD
OANDA:XAUUSDLong
by professionaltradersfx
XAUUSD (GOLD) 4H TF CHART GOLD WANTS TO FLY Hello Guy's Welcome To Another Day Of TRADING Here we are mapping chart of XAUUSD (Gold) in 4-Hour TF Here's a details about analysis: ⬇️ Ascending Channel: The price is trending upwards within the channel, indicating bullish momentum. The channel acts as dynamic support at middle area of parallel channel According to support area XAUUSD BUY AT 2662 TARGET WILL BE 2725 Bullish: A bounce from channel support or a breakout above 2,725 could push the price higher. Bearish: A breakdown below the channel could indicate a reversal or deeper correction.
OANDA:XAUUSDLong
by Art_of_TradingFX