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XAUUSD trade ideas

XAUUSD Runaway Train or soon to be Train Wreck? This is my advice to myself so if you are reading this do not act upon it without your individual research. People follow DXY to gauge dollar strength but I use Bond yields for direction. As already mentioned in my previous post holding gold costs money (swap cost). But for more direction look at this daily chart. Can you see price trading at more than it's fair value vis-a-vis dollar rates? My advice to myself is to go short gold on any FOMO buying wave! Short term i believe we will see a retest of the 20 SMA and IF DT wins we can even see a revisit to TRAMA levels..
OANDA:XAUUSD
by ccpudaism
Gold Technical Analysis: (READ DESCRIPTIO)Gold Technical Analysis: Bullish Outlook Pivot Point: 2717.00 Gold is currently exhibiting signs of a potential upward move, with support established at 2717.00. The technical indicators suggest a preference for long positions as the precious metal is poised for further gains. Our Preference: Long Positions Recommended Trade: Long positions are favored above 2717.00, with targets set at: First Target: 2747.00 Second Target: 2758.00 This indicates a potential rise as the bullish momentum strengthens. Alternative Scenario: Downside Potential If Gold falls below 2717.00, consider looking for downside targets at: First Target: 2709.00 Second Target: 2700.00 This would suggest a shift in momentum and a potential corrective move. Technical Indicators: RSI (Relative Strength Index): The RSI shows strong upside momentum, signaling buying strength. Price Action and Trends: Above 2717.00: As long as the price remains above this pivot point, the upside trend is expected to prevail, potentially targeting 2747.00 and 2758.00. Below 2717.00: A break below this support level would invalidate the bullish scenario, opening up potential losses toward 2709.00 and 2700.00. This would indicate a shift in momentum toward a bearish correction.
OANDA:XAUUSD
by CharivapaAlgo
XAUUSD Top-down analysis XAUUSD is in all time high. Monthly : Historically GOLD is bullish we see market just has broken out of the previous monthly high and currently approaching a new level. As the momentum is high, this week we may see further upside. Weekly: After back to back 2 weeks of bullish momentum, this week we have seen that market again started to bounce back up with strong bullish engulfer. As Weekly price is in expansion face we may see this week as well a bullish momentum. 15min : This is the timeframe I will be intending to enter the trade. We can identify the support trend line will be waiting for a potential break of structure to the support for entry as explained in the video.
OANDA:XAUUSDLong
by ForexWizard01
XAU/USD : $2700 Reached, What's Next ? (READ THE CAPTION)Upon reviewing the gold chart on the 4-hour timeframe, we can see that gold has finally managed to break above the $2700 level, just as we anticipated in our previous analysis. Currently, it is consolidating above this level. Note that the $2714 level is a key supply zone (based on important Fibonacci ratios) for gold, which is why the price reacted to it. However, at the moment, gold is trading around $2711, and I still expect further growth from gold unless I see otherwise on the chart, in which case I’ll update you. The next short-term targets for gold are $2727 and $2743.7. Keep an eye on how the price reacts to these levels. Also, the most important support zone for gold is between $2673 and $2688.7. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
21
GOLD XAUUSD coming - movement A Head and Shoulders pattern on the 4-hour chart for XAUUSD (Gold Spot vs. USD). This is a classic reversal pattern, often indicating a potential shift from a bullish trend to a bearish trend. Key Features of the Chart: Left Shoulder, Head, and Right Shoulder: The pattern is well-defined, with the left shoulder and right shoulder appearing symmetrically around the head. The Head is the highest point, representing the peak of the trend, while the shoulders are lower highs, suggesting weakening bullish momentum. Neckline and Potential Breakdown: The dashed line connecting the troughs (valleys) of the left and right shoulders forms the neckline. The price is currently testing or nearing this support level. If the price breaks below the neckline, it confirms the pattern, signaling a potential bearish move. Target Price: The measured move or target price is projected based on the height of the Head from the neckline. In your chart, the suggested target is 2640, which aligns with the breakdown potential of the structure. The red line extending from the neckline to 2640 visually represents this potential move. MTF Analysis (Multi-Timeframe Insights): The lower right section of your chart gives additional context using a multi-timeframe (MTF) indicator. It shows: M5-M1 suggesting the market is trending. 4H-D1 indicates bearish trend pressure and institutional activity is currently inactive. This confirms that there’s potential for the price to decline in alignment with the head and shoulders pattern. Potential Price Action: If the price fails to hold the neckline support and confirms the pattern, there could be a swift move downwards toward the 2640 target. Traders should watch for a confirmed break below the neckline before considering short positions. Thus analysis reflects a possible bearish reversal for Gold, with the head and shoulders pattern indicating a trend change, potentially pushing the price towards the 2640 support level. Always ensure proper risk management and confirmation of the pattern before entering any trades.
OANDA:XAUUSDShort
by Nickpat786
XAUUSD hit the MA50 (1h). New bullish wave starting.Gold hit today its MA50 (1h) for the first time since October 15th. This is an attempt to form the new Higher Low inside the short term Channel Up. The last correction towards the bottom was on a -1.08% decline. The price is close to that currently. Trading Plan: 1. Buy on the current market price. Targets: 1. 2770 (top of Channel Up and +2.50% rise). Tips: 1. The RSI (1h) hit the Support (1) level from exactly the last Higher Low on Oct 15th. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
XAUUSD H4 | Bearish drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2738, which is a pullback resistance and a 61.8% Fibonacci retracement. Our take profit will be at 2685, a pullback support level close to 50% Fibo retracement and 161.8% Fibo extension. The stop loss will be at 2760.38, above the resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAUUSDShort
by FXCM
SasanSeifi| Will It Break Above the $2685 High?Hey there, ✌ In the daily timeframe, as seen on the chart OANDA:XAUUSD , gold's price started an upward movement from the $2300 range and reached a new all-time high (ATH) around $2685. After hitting this peak, the price entered a consolidation phase with a slight pullback that extended to the $2600 area. Currently, we see that the price has rebounded from the $2600 level due to increased demand, pushing it higher towards $2,657. The medium- and long-term outlook leans towards further upward movement, with potential targets at $2700, $2725, $2750, $2790, and $2,800. In the daily timeframe, maintaining the support range between $2600 and $2570 is crucial for sustaining the bullish trend. A likely scenario is that if the price stabilizes above $2660 and $2675, it could break the previous high and move toward the mentioned targets, as illustrated in the chart. To gain a better understanding of the future trend, it's important to monitor how the price performs in the early days of the market. Additionally, if bullish momentum weakens and confirmations appear in lower timeframes, there could be a chance of range-bound movement or a retracement towards the support levels. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
OANDA:XAUUSDLong
by SasanSeifi
Gold M15-Scenario Gold has shown positive movement and is currently maintaining its bullish trajectory, bolstered by overall market conditions such as lower bond yields and a weaker U.S. dollar. Stochastic indicators show continued upward potential. Analysts have identified strong resistance around the $2,678 - $2,730 range. Gold is likely to test these levels again, with a potential breakout if the bullish momentum sustains. Some experts expect a potential pullback due to overbought conditions, while others believe that geopolitical tensions and macroeconomic factors may push the price higher. Analysts have indicated ranges from $2,600 to $2,800 per ounce, with some even suggesting it could climb higher due to safe-haven demand. In the short term, it seems gold may experience a slight decline or stabilization after its recent highs, but the broader trend remains bullish amid ongoing uncertainties.
CITYINDEX:XAUUSDLong
by BELLATRIXFX
Gold Analysis XAU/USD – Potential Reversal Zone and Bearish Opportunity Gold's recent price action on the 1-hour timeframe shows a key formation with multiple swing lows (highlighted in orange), suggesting potential liquidity grabs followed by a bullish retracement. However, the price is now approaching $2,748, which aligns with a significant resistance zone (purple box). Key Levels and Analysis: Resistance: $2,748 – This area marks a critical supply zone where selling pressure may increase. Support Zones: First support: $2,720 Second support: $2,710 – If the downward move continues, this is the primary target for bears. Trade Idea: Sell Entry: Near $2,748 if rejection confirms with bearish candlestick patterns. Target: $2,710 Risk: A breakout above $2,748 would invalidate the bearish setup. Risk-to-Reward: Potential downside: -1.42% (-39 points) If rejection occurs, we could see a move toward $2,710, offering a nice scalping or intraday trade opportunity.
OANDA:XAUUSD
by Mr_Sadiq
"Is Gold Ready to Break $2,800? Key Levels and Signals for Next "Gold's Week Ahead: A Quest for $2,800!" Overview: As traders eye the potential for XAU/USD to reach the psychological level of $2,800, let’s dive into the technical and fundamental factors that could drive this movement. Key Points: 1. Current Price and Trend: - XAU/USD is currently trading at approximately $2,747.70. The recent upward movement suggests bullish sentiment as it approaches resistance levels. 2. Technical Analysis: - Chart Patterns: Highlight any relevant patterns, such as a bullish flag or ascending triangle, indicating a potential breakout. - Support & Resistance: - Support: $2,700 - a key level where buying interest has historically emerged. - Resistance: $2,800 - a crucial psychological barrier to watch. - Indicators: Use the RSI to illustrate if XAU/USD is nearing overbought conditions and employ moving averages to show the current trend direction. 3. Fundamental Drivers: - Economic Events: Mention any significant upcoming economic data releases (like inflation reports or central bank meetings) that could impact gold prices. - Global Factors: Discuss how geopolitical tensions or changes in monetary policy could sway investor sentiment toward gold as a haven. 4. Market Sentiment: - Share insights from forums or social media on how traders are positioning themselves—are they bullish or bearish on gold for the coming week? 5. Engagement Question: - Poll: “Do you think XAU/USD will break the $2,800-mark next week? Vote below!” Conclusion: Encourage readers to follow your updates on XAU/USD, emphasizing that you’ll keep them informed about the unfolding market dynamics. Use enticing language to invite them to share their views and analyses.
OANDA:XAUUSDLong
by Magicianforex
Gold continues to riseDear traders, we bring you better trading strategies every day. We hope you will leave your support after watching. After CPI and the number of people receiving unemployment benefits, the US dollar index rose and fell, and gold rebounded upward, allowing the previous weak pattern to continue to return to the range operation. In addition, based on the fact that there was no excessive retracement in the early morning, it rose again to test around 2631. It is difficult to have a large downward space for the day, which increases the demand for continued rebound. In the previous trading day, we first looked at the rebound around the bottom support of 2604, and then looked at the downward trend twice around the top low position of 2624. After three highs of 2624 in the late trading, we did not enter the market again, and finally broke through 2624 and went higher. This round of correction is likely to stop at 2604. Gold has touched the 2600 mark many times but failed to break down successfully. At present, the one-hour market trend has reached 2602 three times and has been pulled up. The support effect of 2600-2602 is obvious, and the gold pull-up has broken through the previous 2624 suppression. In the short term, it will continue to climb upward. In terms of operation, we will mainly do more. In the 4-hour chart, the stochastic indicator crosses upward, indicating a bullish trend. The 4-hour chart has not formed a dead cross yet. If the dead cross crosses downward, the gold price can fall. At present, the gold price in the one-hour chart is running above the moving average. The moving averages have overlapped and are about to form a golden cross, which is basically a done deal. This will inevitably boost the bullish momentum. Today, pay attention to the support of 2625-2620 below and the pressure of 2650-2660 above. In terms of operation, the callback is mainly bullish.
OANDA:XAUUSDLong
by jfqch1
Gold's strong rise hits key resistanceDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Gold has tested the 2604 support line several times in the past few days, but failed to break through successfully, indicating that the support at this position is still relatively strong. It is difficult to make a decent adjustment without breaking 2600 in the short term. If it falls back, it will give us an opportunity to enter the market or increase our positions! We still need to pay attention to the 2650 pressure line on the top. If it breaks through this position, then this round of correction will come to an end. Otherwise, gold will continue to fall. On the whole, Jin Shengfu recommends shorting on rebounds as the main strategy for short-term gold operations today, and long on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 2648-2650 resistance line, and the short-term focus on the lower side is the 2620-2624 support line.
OANDA:XAUUSDShort
by jfqch1
Gold fluctuates and falls from high levelDear traders, you need to be cautious when trading, and set SL and TP for every transaction. This will better protect your account from being trapped. I will continue to update the gold trading strategy. Technical analysis of gold: Gold closed higher with a small positive line on the daily line, and continued to rise for five consecutive days, but they were all small positive star K lines, without a high-level volume movement, and belonged to a slow and high-shrinking movement. In the short term, the volume is temporarily insufficient, and the US dollar is also strong, which limits the momentum of further volume of gold prices. Gold was only a line away from a new high yesterday, and fell under pressure. Today, gold is particularly critical. If it breaks through a new high, then gold will rise again. If it falls under pressure again, then gold will start a large correction. In terms of today's short-term operation ideas for gold, Jin Shengfu recommends rebound shorting as the main, and callback long as the auxiliary. The short-term focus on the upper side is 2682-2685 line resistance, and the short-term focus on the lower side is 2638-2640 line support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by jfqch1
1
Gold range-bound bullishDear traders, you need to be cautious when trading. You must set stop loss and take profit for each transaction. This can better protect your account from being stuck. I will continue to update the crude oil trading strategy. Technical analysis of gold: Gold fluctuated yesterday, opened low in the morning, stabilized and rose at 2643, but fell back in the evening, and the daily line finally closed with a long shadow. Looking at the daily line alone, today should be mainly falling back to high altitude. Although the geopolitical situation provided safe-haven buying support for gold prices earlier, gold prices once rose to a one-week high of $2666.70/ounce, but as the US dollar rebounded to a ten-week high, gold prices gave up gains and closed slightly lower. Gold rose directly yesterday as expected, reaching a high of 2666, and as we analyzed in the morning, it rose again. Overall, today's short-term operation strategy for gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 2653-2657 resistance, and the short-term focus on the lower side is 2620-2624 support.
OANDA:XAUUSDLong
by jfqch1