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XAUUSD.P trade ideas

We see a potential bullish scenario for gold.Gold is currently considered undervalued based on both the Dynamic RSI indicator by Lars Gross and the technical analysis of levels and structure, making it a viable buying option. The buying zone is located at the breakout of the level marked by a blue horizontal line. A significant resistance line is at the 2,643 $ mark. The selling zone/potential take-profit area is marked in green. Additionally, the current news regarding gold is not negative but rather neutral to positive, further supporting the bullish scenario.
EIGHTCAP:XAUUSDLong
by larsnicogross
XAUUSD opportunity for dip buying.Gold is trading inside a Channel Up with the current sequence being the bearish wave. It is already below the 0.5 Fibonacci level and we expect it to dip at a maximum of 0.786 Fib, which is where the MA200 (1h) is expected to support. Trading Plan: 1. Buy on the current market price. Targets: 1. 2665 (Resistance 1). Tips: 1. The RSI (1h) is about to hit the 30.00 oversold limit. This is an additional buy signal. Please like, follow and comment!!
FX_IDC:XAUUSDLong
by TradingBrokersView
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 - still looking to buy!Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
OANDA:XAUUSDLong
by QQGuo-Shane
Potential mid-to-short-term movements.Chart Overview And Daily Chart Context: The overall market is back in an uptrend, with a potential pullback after reaching $2,700. A Fibonacci retracement shows us potential buy zones for the continuation of the bullish move. Key Levels High: The recent swing high near $2,700 acts as a liquidity zone where buyers got exhausted, and sellers took temporary control. Mid-Range (Golden Zone): The Fibonacci 0.618 - 0.786 retracement levels suggest where price may retrace to before resuming its upward move. These levels, around $2,650, align with previous consolidation areas. The retracement into this discount area (lower half of the recent swing) aligns with smart money logic, buy at lower prices for a move back into premium levels. The market remains bullish in the mid-term as long as price doesn’t break below the 2,600 level, which is a key structural support zone. The retracement into the Golden Zone is a logical place to anticipate a higher low forming before a continuation to higher levels. Once the price finds support in the Fibonacci Golden Zone, the next logical movement would be a return toward the $2,700 liquidity zone. Wait for price to enter the 0.618–0.786 zone and confirm support through bullish price action on lower timeframes, you know I trade M1 mostly, so keep an eye in minds!! Trade safe!!
OANDA:XAUUSDLong
by Med_In_Trade
2630~2665 range sell high buy lowGold rose strongly yesterday. Many people may have started to chase more gold. However, gold fell back under pressure at 2664, reaching the previous high point. This position is also an effective point for the continuous suppression of shorts in the near future. With the strong rebound during the day, it also reached this position, but it is very likely to form a triple top pattern! The daily line tested the MA60 daily moving average at 2664 and then fell back. With the negative news data, a waterfall formed to reach 2642. Today's operation maintains high selling and low buying! There are too many data in the second half of this week. Before the range is broken, it is still difficult to have a large unilateral market. The bulls cannot rise further. The gold bulls did not break through in one fell swoop, and the rebound high continued to be short. Gold continues to fluctuate in a large range in 1 hour. If it rebounds high, don't continue to chase it. The short-term gold 1-hour line has double tops. If gold no longer breaks through the new high, then the double top of gold will continue to fall under pressure. Gold rebounds to 2665 in the Asian session and continues to sell at highs! First support: 2640, second support: 2632, third support: 2615 First resistance: 2656, second resistance: 2665, third resistance: 2683 Operation ideas: BUY: 2635-2638, SELL: 2663-2665,
OANDA:XAUUSD
by Jun-GoldAnalyst
Gold Prices Under Pressure from USD Strength and US Jobs DataGood morning! Today, gold prices have fallen sharply from earlier gains, driven by the strength of the US dollar and rising Treasury bond yields following the release of jobs data. The data shows a stable labor market and a strong services sector, raising concerns that the Federal Reserve (Fed) may remain cautious about cutting interest rates. The US Dollar Index has rebounded, reflecting an unexpected increase in US job growth in November, despite a slowdown in hiring. Peter Grant, Vice President of Zaner Metals, notes that with the economy still strong, the Fed may keep interest rates at current levels until March due to the persistent threat of inflation. From a technical perspective, gold is currently fluctuating around 2,648, with unstable movements. The nearest resistance level at 2,662 could make it difficult for gold to recover. It is expected that gold will continue to trend downward, with support levels at 2,623 and 2,593 possibly preventing further sharp declines. However, for gold to return to an upward trend, other positive factors will need to come into play in the near future. In summary, while gold is facing downward pressure due to the strength of the US dollar and economic factors in the US, close monitoring of future developments, particularly Fed policies and inflation trends, is essential. The gold market will continue to be heavily influenced by macroeconomic factors, and only with a significant shift in the economic environment will gold be able to regain its upward momentum.
OANDA:XAUUSD
by Alisa_Rokosz
BULLISH SYMMETRICAL TRIANGLE PRICE ACTIONTVC:GOLD BULLISH SYMMETRICAL TRIANGLE PRICE ACTION This chart pattern starts forming with bulls already in control of the exchange rate's uptrend. Then both bears and bulls try to squeeze on each other by creating lower highs and higher lows respectively, till the bulls finally break the triangle's upper border created by the bears, and the exchange rate continues its uptrend. Let's break down the pattern formation! In an uptrend, price action finds the first resistance (1), which will be the highest high in the pattern. Price action reverses direction from the first resistance (1) and goes downwards till it finds the first support (2), which will be the lowest low in the pattern. Price action reverses direction from the first support (2) and goes upwards, till it finds the second resistance (3), which must be lower than the first resistance (1) Price action reverses direction from the second resistance (3) and goes downwards, till it finds the second support (4), which must be higher than the first support (2) The pattern is completed when price action reverses direction from the second support (4) and goes upwards till it breaks the triangle's upper border at point (5)
TVC:GOLDLong
by phaneth2014
Is Gold will break the rising channel?As we mentioned in our last commentary which i gave in morning we were on bulls side from 2627 -2655. Before Ny session we grabbed massive pips today. What are current circumstances on gold? Market rejected from 2650 area without any confirmation and retest the liq gap towards 2618-2620 support area, below That was fake breakout. Gold is on our observation area if market again retest the 2618-20 area and gives the confirmation of closing below we'll jump on sell side till 2590 then 2575. On the otherhand,if gold remains above the observation area then definitely we will look again on same scenarios which i mentioned in my last commentary towards 2675.
FOREXCOM:XAUUSDLong
by Forexmaestro121
Gold (XAU/USD) Continues to DeclineGold (XAU/USD) has declined for two consecutive days after reaching a high of 2,647-2,648 USD on Monday, surpassing the three-week high achieved on Friday. The main reason for the decline is the "hawkish" signal from the Federal Reserve (Fed), which indicated it would slow down interest rate cuts in 2025, driving up U.S. Treasury yields and causing funds to flow out of gold. Additionally, overall market optimism has reduced the demand for gold as a safe-haven asset. However, the drop in the U.S. dollar (USD) from its highest level since November 2022, combined with geopolitical risks, has somewhat limited gold's decline. Traders may remain cautious, especially with key economic reports from the U.S., such as the Non-Farm Payrolls (NFP) report on Friday and the minutes from the December FOMC meeting on Wednesday. Looking at the technical chart, gold is trending lower and may break below its price channel, facing resistance at 2,660 USD. The next target for gold is likely to be below 2,590 USD. Moreover, the Exponential Moving Average (EMA) is also declining, reinforcing the possibility of gold continuing its downward trend in the short term. If gold fails to hold this level, it could further decline, with the next support levels around 2,570 and 2,540 USD. However, if the market witnesses a recovery and gold moves back above 2,660 USD, a rebound towards 2,700 USD could occur. The situation will continue to depend on macroeconomic factors and investor sentiment, especially in light of the important economic data coming this week.
OANDA:XAUUSD
by Alisa_Rokosz