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XAUUSD.P trade ideas

Gold Price Consolidation with Bearish Outlook Below 2620Gold Technical Analysis The price today is expected to consolidate between 2,620 and 2,605 until a breakout occurs. Initially, the price is likely to drop below 2,620 toward the support level at 2,605. Breaking below this level could extend the bearish movement toward 2,585. However, a 4-hour candle must close above 2,620 to target 2,636. Key Levels: Pivot Point: 2620 Resistance Levels: 2636, 2645, 2653 Support Levels: 2605, 2591, 2585 Trend Outlook: Bearish below 2620 Bullish above 2636
OANDA:XAUUSDShort
by SroshMayi
XAUUSD . market target 2600 entry point 2612 stop loss 2620Here's a summary of your trade plan for XAU/USD (Gold/US Dollar): Trade Plan 1. _Target_: $2600 2. _Entry Point_: $2612 3. _Stop Loss_: $2620 Your plan indicates a bearish outlook, expecting the gold price to drop from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, geopolitical events, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current XAU/USD market data, analysis, or insights?
TVC:GOLDShort
by Stevenexpert
GOLD NEXT MOVE (expecting a bearish move) (30-12-2024)Go through the analysis carefully and do trade accordingly. XAU/USD Analysis - December 30, 2024 Current Price: $2626 "If the price remains below $2642, the next targets are $2612, $2589, and there is a possibility of staying above $2550." - POSSIBILITY 1: Wait (as geopolitical tensions are worsening) - POSSIBILITY 2: Wait (as geopolitical tensions are worsening) Best of Luck! Always remember: Never risk more than 1% of your capital on any trade. If you find this analysis helpful, please support us by liking and sharing this post!
OANDA:XAUUSDShort
by Bentradegold
xauusd buy Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the commodity. Gold holds steady above $2,600 after failing to make a decisive move in either direction in the previous week. Growing expectations for a cautious approach to policy easing by the Fed in 2025 limits XAU/USD's upside heading into the New Year holiday. xauusd buy 2615 suppot 2630 suppot 2650
OANDA:XAUUSDShort
by Eliana74
Gold Symmetrical Triangle could sky rocket the price to $2,789Gold has been forming a Symmetrical Triangle since July 2024. The Uptrend Flag pole was established, followed by the constricted Triangle. Now it's still early days, but the price could constrict further until it reaches 3/4s of the apex. If theory speaks, then the price should break up and out of the Triangle which will take it to $2,789. I want to be optimistic in 2025. And ONLY if the price breaks below the support, will it show a bearish nature. Until then, golden balls all the way.
VELOCITY:GOLDLong
by Timonrosso
Gold Trading Signal!!Resistance at $2,654 and the impact of a strong dollar add to the downside of gold On the hourly chart of gold, the price approached the resistance level of $2,654 and failed to break it. This level, which also coincides with the Fibonacci 0.382, is a strong obstacle to the upward movement. If gold continues to fail to break through this resistance, there is a possibility of a decline to the $2,577 range (Fibonacci 0.786) and then $2,485 (Fibonacci 1.272). Additionally, the Ichimoku indicator is showing weakness in the uptrend, as the price is currently below the Kumo cloud. The Alligator lines are also in a bearish position, indicating that sellers are dominating the market. Also, the strengthening of the US dollar as a safe haven asset in the current situation will put more downward pressure on gold. Because gold has an inverse relationship with the dollar; the stronger the dollar, the lower the price of gold. If the dollar's downward trend does not change, the probability of gold falling to the levels predicted in technical analysis will become much stronger.
OANDA:XAUUSD
by Sarim-Trader
How to trade gold better after the holidays? Combining the above picture, it is not difficult to see the absolute randomness of the market. The current trend of gold prices is still in a rebound trend after falling. Clearly there is a long opportunity, but where is the specific buying point? Some people may choose to short. Of course, these are all executable operations. I tend to go long on gold. The short-term upper resistance is at 2645 or above, which is the front dense trading area, and there is a certain selling pressure. The support below is at 2610-2600. The support strength at this position is relatively large. The importance of integer level support. According to the absolute contingency of the market. Plus the bullish trend. Going long in batches is likely to win. Close the order according to your expected profit. There are no heavy factors on the news for the time being. The Federal Reserve's interest rate decision before Christmas is a heavy bomb, I believe everyone has seen it. But there is no similar news in the short term. Moreover, the deliberate proxy of geopolitical wars will lead to an increase in demand for gold prices, and the gold price will definitely rise all the way with rising risk aversion. So going long is a wise choice. Maintain the above support pressure before breaking the range, and you can do some high-selling and low-buying. Replan after the range is broken. Stay tuned for updates. This way you won’t miss out on real-time analysis. If you are a novice trader, this is a good learning opportunity. If you are a long-time trader, you can also follow the insights to get some trading opportunities. OANDA:XAUUSD TVC:GOLD COMEX:GC1!
TVC:GOLDLong
by Newbie-Trading-
Technical Analysis for Gold: Bearish Outlook Below 2652/2666### Technical Analysis for Gold: Bearish Outlook Below 2652/2666 Current Market View: Bearish Time Frame: 30-Minute and Daily --- #### Key Resistance Zone: - Critical Resistance Levels: The primary resistance area to monitor is 2635/2652 and 2666. This zone is pivotal because a rejection from this range could signal a strong bearish movement in gold prices. --- ### Chart Analysis: - 30-Minute Bearish Flag Pattern: The analysis highlights a developing bearish flag pattern on the 30-minute chart, indicating consolidation before a potential downward breakout. This pattern typically suggests that the market may revisit lower price levels after a brief period of consolidation. --- ### Trading Strategy: 1. Entry Point: - Look for short entry opportunities if the price stays below the 2652/2666 zone. A confirmed breakdown below the flag pattern can serve as an indicator to enter short positions. 2. Targets: - Based on previous charts and published analysis, traders should set targets according to established support levels. Monitoring previous lows will provide insight into potential target points for take profit. 3. Stop-Loss Placement: - To manage risk, place a stop-loss order just above the resistance levels—ideally above 2666—to safeguard against unexpected reversals. --- ### Conclusion: The current sentiment for gold remains bearish below the 2652/2666 resistance area. Traders should focus on the bearish flag pattern forming on the 30-minute chart and watch for opportunities to enter short positions. Keep an eye on the daily chart for additional confirmation of this bearish outlook as the situation unfolds. Act decisively, and ensure appropriate risk management as you navigate this bearish trend!
OANDA:XAUUSDShort
by SRFXGlobal
Is it possible for gold to go up?[/b Hi Dears Merry Christmas. Happy New Year in advance. I think gold is in a good position to buy, meaning I think gold will continue to rise in the next two months. I have identified a very important condition for the gold chart, that if the candles can close above that price and stabilize, there is a high probability of gold growth. Focus all your eyes on that price on the chart and after a certain failure, enter a buy trade with confidence. Considering the beginning of the new year, is it possible that the goals I set for gold will come true?
OANDA:XAUUSDLong
by hamidreza_FX
1
Gold - Potential buy for Gold. SL is always set up there. 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:XAUUSD
by QQGuo-Shane
Gold conquering the $3,000/ounce mark is possible.China and India, the world’s two largest gold consumers, are also facing domestic challenges that could dampen demand for the precious metal. In China, a weaker yuan and a sluggish recovery from the pandemic have made gold less attractive. India, the number two gold market, is also facing similar challenges, with a recent currency devaluation eroding its purchasing power, making dollar-denominated gold more expensive domestically. That’s particularly worrying because India accounts for more than 25% of global jewelry demand. Recently, the news that US President Joe Biden proposed to increase arms aid to Ukraine caused gold prices to surge due to safe-haven demand. However, immediately after that, gold prices were under pressure to decrease as the market waited for signals from the new economic policies of the administration of President-elect Donald Trump and the interest rate decision from the US Federal Reserve (Fed). The world gold price has increased by about 28% since the beginning of the year, reaching a peak of 2,790 USD/ounce at the end of October. This precious metal is still considered an effective risk hedging tool, especially in the context of escalating geopolitical tensions. However, gold becomes less attractive in a high interest rate environment.
TVC:GOLDShort
by FalCol_TradingMaster
GOLD tries to recover after the holidayOn this trading day, gold traders OANDA:XAUUSD will need to focus on data on initial jobless claims in the US, which could have an impact on market trends in the short term. The seasonally adjusted number of Americans filing for unemployment benefits for the week of December 21 will be released today (Thursday) and is expected to be 224,000. Data released last week showed initial jobless claims in the United States fell from 242,000 to 220,000 in the week ended December 14, below expectations of 230,000, showing signs that the labor market movement is still steady. If the latest initial unemployment claims turn out to be lower than expected, this will have a positive impact on the US Dollar and a negative impact on the price of gold and major non-US currencies. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has recovered from the technical level of $2,613, but the recovery is still limited by the upper edge of the price channel, along with the nearest resistance level noted at the 0.618 Fibonacci retracement point. % and EMA21. Considering the current price position, gold still has a technical outlook of falling in price with the main trend being noticed by the price channel. On the other hand, the Relative Strength Index has not yet surpassed the 50 level, the 50 level is considered resistance/support depending on the position of the RSI and on the current daily chart it is considered a resistance. In the short term, if gold falls below the technical level of $2,613 it will have room to fall a bit further with a target level then around $2,600 and more to the $2,592 price point of the 0.786% Fibonacci retracement. . As long as gold does not break above the price channel, with price activity stabilizing above the EMA21, it remains biased to the downside, with notable levels listed below. Along with that, using POC Volume Profile, at 2,646USD there is also a large trading volume, this position should also be considered a technical resistance. Support: 2,613 – 2,600 – 2,592USD Resistance: 2,634 – 2,646USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2589 - 2591⚡️ ↠↠ Stoploss 2585 →Take Profit 1 2596 ↨ →Take Profit 2 2601
OANDA:XAUUSD
by Xayah_trading
Careful of the potential SELL to BUYWhile a lot of people are ready to buy straight away tomorrow, be careful of the amount of liquidity resting below and backed up by a 4h/1h FVG. We have created 3 strong points of daily liquidity and we have some imbalance right under that has just been touched but still need to be balanced. Conclusion : of course we may buy directly but a strong scenario if we have the right confirmations at the opening would be to SELL one more time, grab this liquidity and FVG and BUY right after. Just follow your confirmations but be careful not to jump in a BUY too early .
OANDA:XAUUSD
by PirateFX_GoldHunter
1
Gold in the new year 2025, continue SIDEWAY✍️ NOVA hello everyone, Let's comment on gold price next week from 12/30/2024 - 01/03/2025 🔥 World situation: Gold prices (XAU/USD) slip slightly in light post-Christmas trading, settling near $2,630 during the Asian session on Friday. Still, the safe-haven asset could gain support as markets await insights into the US economy under the incoming Trump administration and the Federal Reserve's 2025 interest rate plans. As a non-yielding asset, gold benefits from moderate US PCE inflation data, which challenges expectations of minimal Fed rate cuts next year and suggests the possibility of further easing. Its safe-haven allure is further reinforced by persistent geopolitical tensions, including the ongoing Russia-Ukraine war and unrest in the Middle East. 🔥 Identify: Gold continues SIDEWAY, market sentiment awaits new year 2025 and price trades above 2600 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2638, $2665 Support : $2607, $2597, $2584 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1