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XAUUSD.P trade ideas

Gold to $2820 by Jan 2025?Hello traders, I'm sharing my analysis of the gold chart (XAUUSD) on a monthly logarithmic scale, which helps provide a clearer perspective on the broader trend and avoid confusion. I'm suggesting a long position or investment targeting the $2820 to $2870 range. Here’s why: Cup & Handle Pattern: I’ve identified a cup & handle pattern that points to a target range of $2820 to $2870, indicating a potential upward move. Uptrend Wave Study: Analyzing the current uptrend wave from 2016 to now, we can observe a semi-flag pattern from August 2020 to November 2023. This pattern recently broke out, signaling a continuation of the upward trend towards the $2.8K area. Daily Chart Analysis: On the daily chart, I've analyzed and marked a flag pattern with a cyan rectangle, targeting $2825 by January 2025. To determine this, I measured the time from the 0% to the 61.8% Fibonacci level (143 bars) and applied the same period (143 bars) from the 38.2% to the 100% Fibonacci level, as shown in the chart below. Please check my previous analyses on NVDA and BTC to see how useful the logarithmic scale is when dealing with large numbers and charts that show a steep upward trajectory. As always, I recommend conducting your own research and analysis before making any trading decisions.
FX:XAUUSDLong
by Eymen-GUVEN
Gold Technical Analysis (1-Hour Chart)EIGHTCAP:XAUUSD Current Price: 2936.3 Resistance Level: 2952 Support Levels: 2913 - 2893 #### Overview Gold prices are currently facing a critical resistance level at 2952. If this level holds, the trend is likely to shift to a bearish stance, targeting the support area between 2913 and 2893. The recent confirmation of a head and shoulders pattern reinforces the likelihood of a retracement. #### Chart Patterns - Head and Shoulders Pattern: This pattern is typically a bearish reversal signal. With the right shoulder forming, it suggests that a downward move is imminent if the price breaks below the neckline, which could align with the support levels mentioned. #### Key Levels to Watch - Resistance Level: 2952 - If gold prices fail to break and close above this level, it serves as a potent barrier that may prompt further selling pressure. - Support Levels: 2913 - 2893 - A breach below the 2913 level may open the door for a further decline towards the 2893 support area. Watch for price action and volume around these levels to gauge market sentiment. #### Indicators - Moving Averages: - If the short-term moving average crosses below the long-term moving average, it would further support a bearish bias. - RSI (Relative Strength Index): - An RSI reading below 50 could indicate bearish momentum, while a reading towards the oversold territory (below 30) might suggest potential buying opportunities if the price rebounds. - MACD (Moving Average Convergence Divergence): - A bearish crossover on the MACD indicator could provide additional confirmation of a downward trend, particularly if it's accompanied by increasing volume. #### Conclusion As long as gold maintains the 2952 resistance level, the outlook leans towards a bearish trend, targeting the support area of 2913-2893. Traders should closely monitor the formation of price action around these significant levels and the overall market conditions for more refined trading opportunities. Always use risk management strategies when entering trades. Disclaimer: Please ensure to conduct thorough research and analysis, considering current market conditions, before making any trading decisions. Happy trading!
EIGHTCAP:XAUUSDShort
by SRFXGlobal
1
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup. Gold Traders Gold Ready for Down 👇 ⬇️ List day take a breakout up trand line. 4H Time Frame. Today 💪 test supply rejected point below 👇 trend 📉 FVG) level. 2892 close below 👇 2864 - 28833 Key Resistance level 2920 Key Support level 2892 - 2864 - 2833 Mr SMC Trading point Pales support boost 🚀 analysis follow)
OANDA:XAUUSDShort
by SMC-Trading-Point
GOLD, Is a correction on the way ???Hello Traders, Hope you are doing great. GOLD is forming a Rising Wedge Reversal pattern these days and it seems that Bulls aren't able to raise the price at least for now. So I expect a downward correction in upcoming days. Remember that this kind of corrections are temporary and gold price will probably see higher price this year; so Don't forget to use proper risk management . and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
OANDA:XAUUSDShort
by aminrzb
Gold Technical Breakdown: Sell Strategy Below 2,888.13 Hi Traders, This gold trading idea is based on technical analysis. As you can see, the price has broken below the critical support level of 2,888.133, indicating increased sell pressure. A significant long squeeze is likely underway, with potential downward targets at 2,846.20, 2,824.881, and 2,804.207. Entry Zone: Any price between 2,909.013–2,888.133 presents an optimal range for placing sell orders. Stop Loss: Set at 2,930.18 to manage risk effectively.
OANDA:XAUUSDShort
by ChessCrypto
2
Gold Price Analysis February 28⭐️Fundamental Analysis This week, the US Dollar (USD) continued to recover on expectations that the Federal Reserve (Fed) will keep its monetary policy tight as inflation remains high. This caused money to flow out of gold - a non-yielding asset. In addition, gold prices fell as investors adjusted their positions ahead of the US release of important inflation data, a factor that could affect the Fed's interest rate decision and the short-term direction of gold. However, concerns about former US President Donald Trump's tariff policy and risk-off sentiment could help gold hold its price. In addition, falling US Treasury yields also contributed to limiting gold's decline ⭐️Technical Analysis After closing yesterday's candle, gold confirmed a clear downtrend. The SELL zone that is being watched by investors today is around 2889. Any price increase today is considered a great opportunity to sell. 2840 is considered as the support zone today. The wider price range is being watched when there are signs of Break out from the narrow range at 2920 and 2806. Currently, gold needs to break through 2870 to reach the upper range and if it fails to break 2870, we can set SELL signals at 2840 today.
OANDA:XAUUSD
by TVS-Trader
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, This is an update on our daily chart idea that we are now tracking and playing out perfectly, as analysed. 2904 AXIS target was hit previously completing this level and also into the channel top for the perfect finish and rejection. We then stated that we now have body close above 2904 AXIS but will need ema5 lock to confirm 2959, although the channel top is acting as resistance and therefore will need some ranging movement within the channel so it can slowly ascend into the 2959 respecting the channel dynamics. - This is playing out perfectly, we got the cross and lock but the channel top is acting, as resistance but we are slowly ascending with the channel for the 2959 gap, which just fell short buy a few pips but we were able to take over 200 pips clean. We also need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips. This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD, Will the correction continue or not ??Hello Traders, Hope you are doing great. As you can see below this post, We expected a correction in GOLD yesterday because it was forming a Rising Wedge Reversal pattern. The price corrected about 500 pips and then it began to retrace to 61.8 Fibo level. But what happens now? will the correction continue or not ? The answer of this question is a Hesitant Yes, it will probably continue its downward correction, but PCE data that comes Friday can change everything, so Don't forget to use proper risk management. and Remember that these kind of corrections are temporary and gold price will probably see higher price this year and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
OANDA:XAUUSDShort
by aminrzb
5
XAU/USD - Buy Limit Setup for a Bullish Reversal Overview Gold (XAU/USD) is showing signs of a potential bullish reversal after a recent decline. A buy limit order is placed around the $2,911 level, targeting a move towards the $2,928 resistance zone. This setup follows a structured risk-reward approach with a stop loss below recent lows at $2,900.90. Trade Setup 📍 Buy Limit: $2,911 (Key support zone) 📍 Stop Loss: $2,900.90 (Below recent lows for risk management) 📍 Take Profit: $2,928 (Major resistance zone) 📍 Risk-Reward Ratio: 1:2+ Technical Analysis 🔹 Support Zone: Price is testing a demand area where buyers previously stepped in. 🔹 Bullish Structure: After a sharp sell-off, gold is attempting a recovery. 🔹 Potential Reversal: Expecting price to trigger the buy limit before rallying towards resistance. 🔹 Volume Confirmation: Watching for increasing bullish volume near the entry. Trade Plan 1️⃣ Wait for price to reach the buy limit zone (~$2,911). 2️⃣ Monitor price action for bullish confirmation (e.g., bullish engulfing, rejection wicks). 3️⃣ Ride the move towards the take profit zone (~$2,928). 4️⃣ If structure shifts bearish, adjust SL accordingly. 🔥 Gold remains volatile, so risk management is key! Watch for market reactions at key levels before entering the trade. 📊 Like & Follow for more gold trade ideas! ✅
OANDA:XAUUSDLong
by PIPsOptimizer
XAU/USD Breakdown – Key Support Levels Tested After Major Drop!### **Analysis & Description:** This 1-hour chart of **Gold (XAU/USD)** from **OANDA** presents a strong **bearish move** following a key **liquidity grab and rejection** from the 2,942–2,950 resistance zone. #### **Key Observations:** - **Fair Value Gap (FGV 4H)**: The price initially tapped into the imbalance before facing a strong rejection. - **Liquidity Sweep**: The sharp move up prior to the decline suggests that smart money may have induced liquidity before the major bearish move. - **Bearish Break & Retest**: The price has broken through significant **support levels** around 2,892 and 2,878 and is now approaching the next support at **2,834**. - **Fibonacci & Structure**: The Fibonacci retracement aligns with a deeper correction, with the price possibly targeting **2,820–2,800** if bearish momentum continues. - **Risk-Reward Setup**: The risk-to-reward ratio in this trade setup suggests a well-executed short position, capturing nearly **3.70% downward movement** (approx. **-108 points**). ### **Potential Scenarios:** 🔴 **Bearish Case:** If the price sustains below 2,844 and fails to reclaim key resistance zones, further downside is likely toward **2,820–2,800**. 🟢 **Bullish Case:** A strong bounce from current levels (2,834) could trigger a short-term retracement before resuming downward momentum. #### **Final Thought:** Gold remains in a **strong downtrend**, and traders should watch for price action confirmation around support levels before considering further positions.
OANDA:XAUUSDShort
by NexusTradesZone
Gold delivering excellent re-Sell opportunitiesTechnical analysis: As my #2,918.80 - #2,922.80 mentioned Support zone got invalidated, such development attracted Short and Medium-term Sellers and Gold is now delivering excellent re-Sell opportunities which I am so far utilizing. Gold has hit and reversed near the #2,920’s local peak / High's, which is currently posing as an Short-term Resistance zone. I spotted necessary consolidation on Daily chart after the latest #2,900.80 psychological benchmark break-out rejection (in the same manner representing last session Low’s and Support which currently have been invalidated), in a candle sequence that resembles the sideways movement from February #3. This suggests that Technically, Hourly 4 chart can’t stay Neutral anymore and should turn Bullish or Bearish, picking a side and revealing major move any moment due to the Bullish Fundamentals and now on Bearish Technicals readjusted over-night. This slowdown on Bullish side regarding Daily chart is also an indication that the Intra-day correction process is near the completion, as that the Weekly chart (#1W) is charging Medium-term Bearish reversal. I have mentioned importance of #2,918.80 - #2,922.80 Support break-out where Buyers didn’t spotted Profitable pattern and their focus on DX is greatly Higher than before. Keep cross-checking with DX also as Price-action below current one invalidates Bullish Short-term potential and reversal attempt. Since #2,918.80 got invalidated to the downside and Gold didn’t managed to recover above the level, I have been Selling Gold last #2 sessions with #2,918.80 and #2,900.80 as my precise re-Sell points. This is Bearish day so far on Hourly 4 chart (with #2 minor spikes upwards spikes) which raises no further need for analytical approach than what I’ve already done as I lean more to the Selling side. Since #2,892.80 Support got invalidated, I have Sold Gold on spot (#2,892.80 entry point) with #2,872.80 as my optimal Target. Gold may test #2,918.80 Support now turned in Resistance only if #2,892.80 - #2,900.80 newly formed Resistance zone gets invalidated to the upside. Keep Selling every High’s on Gold since every local High’s rejection is now re-Sell opportunity.
OANDA:XAUUSDShort
by goldenBear88
XAUUSD (GOLD) TRADE PLAN 26/2/20251. XAU/USD presents a promising buy opportunity, targeting the $2,920 level as gold continues its bullish trajectory. 2. Strong fundamental drivers, including economic uncertainty and inflationary pressures, support a sustained rally. 3. Technical indicators confirm bullish momentum, with key support holding near recent lows. 4. Institutional demand and central bank purchases further reinforce the upside potential. 5. A weaker USD and dovish Fed stance create an ideal environment for gold’s appreciation. 6. Geopolitical tensions and global risk factors contribute to safe-haven demand. 7. Breakout above key resistance zones suggests a continuation toward the $2,920 target. 8. Gold remains resilient amid market volatility, attracting long-term investors. 9. Trend-following strategies align with bullish sentiment, favoring buy positions. 10. Risk management remains crucial, with stop-loss placements ensuring optimal trade execution.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
3
GOLD (XAUUSD): One More Consolidation Since Wednesday, Gold started to consolidate within a horizontal channel on a 4H. To buy Gold with a confirmation next week, wait for a breakout of the resistance of the channel. It will initiate a movement higher at least to 2975. Alternatively, a bearish breakout of a support of the channel can trigger a local correctional movement at least to 2906. Wait for a breakout, it will provide a reliable confirmation. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDLong
by VasilyTrader
3