XAUUSD trade ideas
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.
XAUUSD BEARISH ANALYSIS (READ THE CAPTION)hello dear traders tis is m xauusd analysis.
kindly share your opinion wit me about this chart in comment section
current xauusd price is 2650
bearish trend is back in market last week gold hit our supply zone 2639.00 and then we see heavy fall in gold market now market reject from our support1 2630.00/2620.00 to our resistance1 2654.00/2660.00 now i'm looking for sell trade from this zone if i find any sell confirmation ten i'm go for sell from our resistance1 and set target at support1 & support2 2630.00/2620.00 zone
trade setup:
entry zone 2650.00 / 2654.00
target 2630.00 for intraday trades for long $2590
stop loss 2664.00
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Gold Market Update: Bullish Stance Targets $2680Gold establishes its stance to rally prices, navigating through the $2640–$2680 range. This movement reflects a solid bullish momentum as the market eyes higher levels. yall should watch for further confirmation within this zone as gold continues its upward trajectory, follow for more insight , comment your opinion , and boost idea
Daily Analysis- XAUUSD (Tuesday, 7th January 2025)Bias: Bullish
USD News:
-ISM Services PMI
-JOLTS Job Openings
Analysis:
-Strong rejection from previous daily
-Looking for a retest and reversal for bullish move
-Looking for BUY if there's confirmation on lower timeframe
-Pivot point: 2610
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy
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.
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.
2025 first setup! expecting the bullish comeback in 30s, follow the same strategy after 50-60 pips we book partial and SL at breakeven after partial booking so we have zero risk.
XAUUSD 6/1/25Coming into this week, we maintain a bullish bias on gold. Last week, we experienced a short-term shift to bearish, which was expected as we mentioned before the new year. Currently, we are focusing on the cluster of lows at the base of our most recent range. This is the area we are targeting for potential long trades this week.
Orion is indicating that we need to align with the long bias, so we will follow this direction and monitor targets and entries accordingly. Note that we currently have only two targets above. If the market creates another high before dropping into the mentioned lows, we may have more than two targets to work with, requiring us to trade within those areas.
Be mindful of the current structure. As mentioned in the EU analysis, we may form short-term lows to play off, which could make the lower areas less likely for the week’s initial move. As always, we wait for a low to be reached, then analyse the entry timeframe to determine if there’s an opportunity to participate.
Trade safely and stick to your plan.
Gold-Be patient and wait to see it rise. Multiple buying opportuHello 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!
XAUUSD BUYGold has an 21 ema detachment at 2650. We could see some bullish movement In the market. Use risk management
Gold versus Inflation QuarterlyExpecting a correction for gold is to be expected, versus inflation that is.
It reached a measured move and is stretched from its moving average.
Remember, both can go up, just that inflation will outperform gold.
GOLD Analysis GOLD Analysis 🪙
Look for more sideways consolidation this month... before move down to...
Target 🎯 $2468
Around 2nd Week of February (Feb 11th)
Gold IdeaGold has formed a valid ascending channel in blue with more than 3 touches and broke it so we're now in a bearish trend on M30 timeframe with a small stop loss at 2668
Happy trade fam
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Gold Intraday Trading Plan 1/3/2024Gold was pumped up against my prediction yesterday and broke the resistance of 2638. However, it faces a strong resistance now at 2663. I would expect some retrace from here and bounce again from 2638 support.
I will be trading range today.
Gold Expectation before NFPGold has formed a bearish flag pattern on the 4-hour timeframe and is currently trading within the price channel representing the flag. The metal has reached the upper boundary of the pattern, which aligns with the supply zone (2660–2666).
If gold remains below this zone, it is expected to decline again toward the levels of 2650.00 and 2645.00. In the event of breaking the 2645.00 level and closing below it, further downside is anticipated, potentially targeting 2622.00, 2614.00, 2610.00, and eventually 2600.00.
However, if gold breaches the 2666 level and closes above it, we might see a move back toward the 2725 level.
Goodluck .
Gold BuysRisky trade. Gold has been pulling upwards creating higher lows untill yesterday when gold broke resistance on 4H and Daily timeframe. As we wait for NFP, we can almost tell what the outcome is likely to be but we need confirmation of NFP data first.
Trade this zone with caution.
a buy position that im really interested to get into on GOLDGold is bullish on the weekly and also on the daily
Daily has taken sell side liquidity and now might look for a good support to fly off from
GOLD longthe price of Gold, as i see it will go long.
Daily- have a imb.and must be filled
4h - its eqh and mss 4h structure
1h - mss and 2 golden zone from where we can enter the market
the firs zone is 2.636 and the second zone is 2.629
Closing my second order in ProfitAs discussed throughout my yesterday's session commentary: "My position: I have engaged another re-Sell order with #2,636.80 entry point (optimal Target remains #2,622.80 Support in extension. If #2,627.80 gets invalidated Gold will extend the Selling sequence, if however #2,627.80 rejects the Price-action, I will close my order there and remain on sidelines."
I have closed my second Selling order with Target hit (#2,636.80 - #2,622.80) on a fine #14-point run extending my results range to #109 Profits and #21 Stop-loss hits regarding December #2023 - January #2024.
Technical analysis: Gold has made an important Bearish step towards full scale Hourly 4 chart’s reversal as it almost tested the #2,608.80 pressure point. That makes Hourly 4 chart practically Bearish side, however well Supported at #2,600’s, which has held and rejected the downside attempts on multiple occasions. Hourly 4 is still Neutral as said, however invalidated Ascending Channel on Hourly 1 chart has expanded giving me Selling signs that Gold may test #2,600.80 benchmark even before positive NFP numbers (if debacle happens again, Gold can engage aggressive uptrend towards #2,662.80 strong Resistance in extension).
Fundamental analysis: Gold was mainly correlated with DX during last #6 Months of the Year and probability that January will also be DX Month is (#91%) since Bond Yields were on uptrend and invalidated wall of Resistances, and Gold was also on Short-term recovery which confirms my Gold - DX correlation on January opening, so look for pointers there. Remember, when you are unsure of the Medium-term direction on Gold always look for clues on DX and Trade accordingly. Only when DX Trade on Daily and Weekly chart’s (#1W) Lower High's I will be able to note with a higher degree of certainty that the Bearish reversal on Gold is sustainable. Since #2,600's held as a Support zone, Gold Naturally found Buyers.
My position: Gold is Neutral Rectangle and keep #2,652.80 as your reversal zone and ideal re-Sell entry point. If #2,627.80 Support gets invalidated, I will pursue #2,600.80 benchmark in extension. I will Trade the break-out.
Explains how price interacts with Fibonacci areas and identifiesExplains how price interacts with Fibonacci areas and identifies potential price levels and trend directions.
Xau/usd higher timeframe to lower timeframeXau/usd higher timeframe to lower timeframe
- This idea is based on educational purposes
Detailed analysis for higher time frame to lower time frame
Market currently at 2639.72 and in higher time frame 2621 is a rejected point more then 6 times
so when we move to lowest time frame things are more clearly and we see that market is moving in uptrend so we have to move and trade within trend
if market move and touched 2642 to 2645.00 area we will entered in buy trade and our first target would be 2650.00 then 2660 onwards
if market break the region which are selected and move downward we will take our first take profit at 2621.00 again it was crucial point but if it went again this point we will see the next move at 2605.00
Like and Comments on our Analysis
Decent GOLD top up pointConstant uptrend, large consolidation.
Could be a good spot to add to holdings
