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USCGC trade ideas

Gold's Next Scenarios.Gold's price action on the 2-hour time frame is quite interesting, with the precious metal respecting the resistance line twice and the support line three times. Currently, gold is trending towards the resistance line, and the upcoming CPI release is expected to push gold up to 2710 However, be cautious, as a "big waterfall" might be looming thereafter. This potential downturn could be attributed to various factors, including changes in market sentiment, interest rate decisions, or geopolitical events. From a technical standpoint, gold's daily chart shows sellers gaining confidence, but a steeper decline is not yet evident. The pair remains above all its moving averages, with a mildly bearish 20 Simple Moving Average (SMA) converging with a bullish 100 SMA at around 2635. In terms of news impact, the recent Nonfarm Payrolls report showed the US adding 256,000 new jobs in December, with the Unemployment Rate edging lower to 4.1%. This data might influence the Federal Reserve's interest rate decisions, which in turn could impact gold prices. Keep a close eye on the CPI release and its potential effects on gold prices. Also, monitor the overall market sentiment, as it can quickly shift and impact gold's price action. Key Levels to Watch: Resistance: 2710 Support: 2660,2645,2635
TVC:GOLDLong
by Chart_Champ1
1
GOLD BUY | Idea Trading AnalysisGOLD is moving in an UPWARD channel on ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
TVC:GOLDLong
by TheGrove
2
XAUUSD 15 M TRIANGEL PATTERNThe gold triangle chart pattern is a technical analysis pattern that often indicates a potential breakout, either upward or downward, depending on the trend and volume. Based on the levels you've provided: Trade Setup 1. Entry (Buy): 2672 2. Target: 2685 3. Stop Loss: 2660 Risk-to-Reward Ratio Risk per unit: Reward per unit: Risk-to-Reward Ratio: This ratio indicates a slightly favorable trade, though typically traders aim for at least 1.5:1 or 2:1 for better risk management. Key Notes: Ensure the triangle pattern is confirmed with clear support and resistance levels converging. Volume should ideally increase during the breakout above 2672. Monitor broader market factors like USD strength, bond yields, or geopolitical events that can influence gold prices. Let me know if you'd like help with further analysis or charting!
FOREXCOM:XAUUSDShort
by DOCTOR_PIPS
4
Gold analysis!It's Monday, and I won't be opening positions today. Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better. Locally However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a minor correction.
OANDA:XAUUSD
by Ameer-Trader
1
Target 2690Supply and Demand Zone Analysis; After analyzing the XAUUSD market, I've identified key supply and demand zones that are likely to influence price movement. Current Market Situation; The market price is currently trading near the 2nd demand zone at 2664, having already bounced off the first demand zone at 2657. Trade Setup; With the price trading at 2668, I'm recommending a buy position targeting the supply zone at 2696. Gold Buy Now - Entry: 2665 - Stop Loss: 2655 - Target: 2690 Analysis Rationale; The price is showing signs of a potential bullish move, having already bounced off the first demand zone. With the 2nd demand zone nearby, I'm expecting the price to continue its upward momentum towards the supply zone.
OANDA:XAUUSD
by Pamela_Oliveira
1
GOLD / Testing Resistance and Stabilizing in Bearish TrendGold Technical Analysis The price has dropped from its resistance level at $2,665 and is now attempting to stabilize within a bearish trend, potentially targeting $2,636. A move below $2,636 would likely extend the decline toward $2,623. Conversely, a break above $2,665 would signal a shift to a bullish trend, with potential targets at $2,678 and higher. Key Levels Pivot Point: 2653 Resistance Levels: 2665, 2678, 2690 Support Levels: 2636, 2623, 2603 Trend Outlook Bullish Trend: Above $2,665 Bearish Trend: While Below $2,653
OANDA:XAUUSDShort
by SroshMayi
2
Gold adjusted down waiting for PPI today⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) saw some buying interest during the Asian session on Tuesday, recovering part of the previous day's pullback from near a one-month high reached last week. Reports suggesting that US President-elect Donald Trump's economic team is considering a gradual implementation of tariffs to avoid a sharp rise in inflation led to a slight retreat in US Treasury bond yields, offering support to the non-yielding metal. However, the recovery lacks a clear catalyst and is likely to remain limited due to expectations of a hawkish stance from the Federal Reserve (Fed). ⭐️Personal comments NOVA: Short-term frame - need to adjust down to create liquidity, sideway has enough strength to increase more strongly ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2646 - $2644 SL $2639 TP1: $2652 TP2: $2660 TP3: $2670 🔥SELL GOLD zone: $2697 - $2699 SL $2704 TP1: $2690 TP2: $2680 TP3: $2670 🔥SELL GOLD zone: $2678 - $2680 SL $2683 scalping Asian and European sessions TP1: $2674 TP2: $2670 TP3: $2665 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
2
Could the Gold reverse from here?The price is rising towards the pivot which is a pullback resistance and could reverse to the 1st support. Pivot: 2,676.61 1st Support: 2,646.94 1st Resistance: 2,700.39 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:XAUUSDShort
by ICmarkets
1
Closing my Selling order / #112 Profits rowAs discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order on #2,680.80 / optimal Target remains #2,662.80 Support in extension. If #2,676.80 gets invalidated, development alone will add credence to Sellers." I have closed my re-Sell order (#2,680.80 - #2,657.80) on a fine #23-point run extending my results range to #112 Profits and #22 Stop-loss hits regarding December #2023 - January #2025 fractal. Technical analysis: Gold is constantly under heavy Buying pressure (Buying every dip) as the Fundamental side is preserved and is Buying every dip and rejecting every downside attempt even though DX is Trading above #52-week High's. Now this is largely Volatile territory on the Hourly 4 chart. Typically the Ascending Channel is a pattern of trend continuation, marking a Bottom and turning Bullish on Short-term even though that Daily chart's #2,682.80 first Resistance got invalidated. However the larger time-frame of Weekly chart (#1W) remains Bearish, so again I need to pay attention of potential reversal points and Selling the Top as High (and safely) as I can. Gold remains Technically Bearish but Fundamental side prevails and the result is those Bull reversal candles which are visible on the charts. Strong Resistance zone is seen Trading at #2,678.80 - #2,682.80 while first Support zone is priced at #2,657.80 - #2,662.80, which means as long as Support is intact, there are more probabilities for the uptrend. It is important to note that below #2,657.80, there is only #2,652.80 benchmark to hold Gold from testing #2,642.80 however again I need to keep in mind that on these Fundamentally driven sessions, Gold can go as far as pressure pushes it so I will not try to Sell aggressively current Buying bias, only if strong Support gets invalidated and with tight Stop's. My position: Since I am Highly satisfied with NFP and yesterday's session Profits, I will Trade the break-out and remain on sidelines monitoring the Price-action.
OANDA:XAUUSDShort
by goldenBear88
1
GOLD WILL DROP LIKE A WATERFALL (READ CAPTION) Hello Traders Here's a technical analysis of the gold market: Key Observations 1. * Resistance at Higher High *: The gold market is moving below a higher high, currently showing resistance at 2694. 2. * Triangular Pattern* : A triangular pattern has formed on the H4 chart after hitting a higher high and lower low, indicating a strong sell retracement area. 3. * Overbought Market *: The market is considered overbought, suggesting a strong retracement is expected. Trading Strategy 1. * Short Position *: Consider opening a short position at the current price (2690) with a target of 2655 and a stop-loss (2720). 2. * Breakout Confirmation *: Wait for a breakout below the lower trend line of the triangle or a reversal candlestick pattern to confirm the short position. 3. * Risk Management *: Set a risk-reward ratio of 1:2 or higher to manage potential losses. Alternative Scenarios 1. * Bullish Breakout *: If the market breaks above the upper trend line of the triangle or the resistance level (2694), it could indicate a continuation of the uptrend. 2. * Range-Bound Market*: If the market fails to break out of the triangle, it may remain range-bound, and traders should adjust their strategies accordingly. Open Questions And share your opinion 👇👇 1. What time frame are you using for your analysis? 2. How will you manage risk if the market moves against your expected targets? 3. Are there any other technical or fundamental factors that could influence the market's direction?
TVC:GOLD
by Sam-Brown
10