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XAUUSD trade ideas

Buy opportunityXAU/USD (Gold) Trading Signal – 4H Chart Overview: Gold is showing bullish momentum as it approaches key levels. The price has tested and bounced from a support zone, aligning with an upward trend and supported by the 252 EMA. Based on this analysis, we propose a long (buy) trade. Trade Setup: Instrument: XAU/USD (Gold CFDs) Trade Type: Long (Buy) Entry Zone: $2,663.20 - $2,665.00 Stop Loss: $2,636.00 (Below key support zone and 252 EMA) Take Profit: $2,720.00 (Resistance level) Risk/Reward Ratio: 1:2.05 Analysis: Support Zone: Price has repeatedly bounced near $2,636.00 - $2,640.00, indicating strong demand. Resistance Zone: The target level $2,720.00 aligns with prior highs and Fibonacci extensions. Indicators: The 252 EMA is trending upward, supporting the bullish scenario. Volume Profile: Strong accumulation in the highlighted zone suggests buying interest. Expected Move: If Gold sustains above $2,665.00, we expect a rally toward the $2,720.00 resistance zone, providing a solid risk-reward setup.
TVC:GOLDLong
by GODOCM
Gold One-Day Technical Analysis### Technical Analysis #### Summary The price trades within a defined consolidation range between 2,600 and 2,670. This pattern suggests that market participants are indecisive, oscillating prices without establishing a clear direction. #### Support and Resistance Levels - Resistance Level: The upper boundary is established at 2,670, where the price has faced multiple rejections. This level has proven to be a robust resistance zone, with buyers struggling to break through despite several attempts. - Support Level: The lower boundary is around 2,630. This level has been tested numerous times and has successfully held up, acting as a reliable support zone for bulls. #### Observations 1. Consolidation Pattern: The price action indicates a classic consolidation phase, characterised by price swings within a defined range. The repeated testing of the resistance level at 2,670 suggests increasing bullish interest, while the support at 2,630 indicates the presence of intense buying pressure. 2. Decreasing Volatility: The price swings have been narrowing, indicating a decrease in volatility. This tightening of price action often precedes a significant move, suggesting that the market could be preparing for an upcoming breakout. Watch for signs of volatility expansion as it could signal the direction of the next significant move. 3. Recent Price Action: Recently, the price has attempted to breach the 2,670 resistance but has consistently retreated. This indicates sellers are stepping in at this level while buyers remain active near the 2,630 support. #### Outlook Given the current conditions, a wait-and-see approach might be the best strategy. Traders should consider the following: - Bullish Scenario: A decisive breakout and close above 2,670 could indicate a strong bullish momentum, opening the possibility for a test of higher price targets. A confirmed break could lead to an upward trend, with potential targets at 2,700 and beyond. - Bearish Scenario: Conversely, if the price breaks below 2,630, this could signal a bearish reversal, leading to increased selling pressure. Should this occur, traders may want to look for further support levels around 2,600 and lower, with potential targets based on subsequent price action. #### Conclusion The current consolidation pattern and decreasing volatility suggest the market is gearing up for a significant move. Traders should monitor price action carefully as it approaches the defined support and resistance levels. A clear breakout in either direction will be necessary to establish a more sustainable trend. Due to the inherent uncertainties present in consolidation phases, appropriate risk management strategies should be implemented.
EIGHTCAP:XAUUSD
by SRFXGlobal
Trading in My PJs: How Comfort Turned My Trading AroundI used to think you had to look the part to be a serious trader - suit up, stare at screens in some office-like setting, and wear that intense Wall Street frown. But one chilly morning, I decided to ditch the suit for my pajamas, and guess what? It was one of the best moves for my trading career. The Day Comfort Clicked Waking up to the cold, I chose to trade from my cozy bed, PJ's on, with a warm cup of tea instead of my usual coffee. Something amazing happened right then. I felt so relaxed, the stress of trading just melted away, and suddenly, my decisions were clearer. I started catching trends I would've missed in my buttoned-up days, and my performance? It just took off. How Comfort Changed My Trading Trading from the comfort of my own bed or a comfy chair did more than just feel good: -Stress Vanished: Being in a chill environment made me less worried about market swings, leading to more thoughtful calls. -Sharper Focus: Without the itch of a stiff shirt or the squeeze of a tie, I could zone in on those charts for hours, picking up on patterns I'd usually miss. -Smarter Risk Management: Feeling at ease meant I stuck to my trading plan better, dodging those impulsive trades that often left me in the red. Making Comfort Work for Me It wasn't just about chilling out all day. Here's how I mixed comfort with keeping my game tight: -My Trading Nook: I made a little corner in my room my trading spot, with all my gear handy, but with that homey, warm feel. -Sticking to a Schedule: Even in my pajamas, I kept things structured, starting with a quick workout to get my brain going, then trading with the same focus as if I were at work. -Mindset Shift: I treated my comfy setup like a professional space, ensuring I was not just trading but also learning and growing. What I Took Away The big lesson? Your surroundings play a huge role in your trading psychology. A bit of comfort can lead to a calmer, smarter approach to the markets. It's not about slacking; it's about setting up the perfect mental space for making wise choices. Are You Trading Uncomfortably? If you're still in an uncomfortable setup, thinking formality equals seriousness, maybe it's time to reconsider. Comfort could be your trading edge. Finding That Balance Of course, there's a balance to strike. While trading in PJs can be a game-changer, you still need discipline, to stay informed, and dive into market news. If you're curious about blending comfort with trading discipline or if your setup's not cutting it, shoot me a DM. I've walked this path, and I'm here to help you find what clicks for you too! Kris/Mindbloome Exchange
TVC:GOLDEducation
by Mindbloome-Trading
Gold up, but still in 'danger zone'Gold was trading in positive territory this morning, but not by enough to take it out of its ‘danger zone’. Yesterday morning it hit a low of $2,625 before the unexpected, sharp sell-off in the US dollar related to Trump Tariff speculation, gave all dollar-denominated commodities a lift. It pushed up towards $2,650 before falling back below $2,620 just before the open of the New York Stock Exchange. The sell-off corresponded with a rally in the dollar. While it’s encouraging to see gold push higher today, the bulls should be concerned that it seems unable to build enough upside momentum to break above $2,650, as witnessed by a flattening in the daily MACD. This makes it highly vulnerable to any fresh selling pressure. Meanwhile, silver is just about hanging in above $30 per ounce. It too looks vulnerable to another bout of selling. But it has the advantage over gold in that its daily MACD is starting from very oversold levels.
TRADENATION:XAUUSD
by TradeNation
Gold (XAU/USD) 1H Chart Analysis💎 Gold (XAU/USD) 1H Chart Analysis The price is consolidating near a key demand zone with significant resistance levels overhead. Key Observations: 📈 Resistance Zones: • 2676.07 - 2689.69: A breakout above these levels could trigger bullish continuation. 📉 Support Levels: • Immediate support at 2637.03. • Strong demand zones near 2616.51 and 2606.10. 💡 Strategy Tip: Monitor for a breakout or rejection near the resistance zone. A pullback to the demand areas may offer potential buy opportunities. What’s your outlook for gold this week—bullish or bearish? Let’s hear your thoughts! 🚀💬 #GoldTrading #XAUUSD #ForexAnalysis #TechnicalTrading #TradingView #ForexMarket #GoldInvesting
FOREXCOM:XAUUSD
by FXFOREVER_87
XAUUSD - Gold is waiting for an important week!!In the 4-hour timeframe, gold is above the EMA200 and EMA50 and is in its short-term descending channel. The continued rise of gold towards the supply zones will provide a position to sell it with a suitable risk reward. The year 2024 turned out to be unprecedented for the global gold market. This precious metal witnessed a remarkable growth of nearly 30%, outperforming all other commodities and emerging as one of the most prominent financial assets of the year. Such exceptional performance has continued to gain the trust of analysts and professionals in the gold and jewelry industry, drawing the attention of many traders to this market. Despite forecasts suggesting that gold prices could surpass $3,000 per ounce in 2025, the beginning of 2024 told a different story. Spot gold prices started the year at around $2,000 but fell to $1,992 by mid-February. However, Valentine’s Day marked a turning point, as gold rebounded strongly, climbing back above $2,000 and successfully maintaining this critical level. A significant market milestone occurred at the end of February. In just two days, gold prices surged by over $60, and on the first trading day of March, the metal broke past the $2,100 threshold, setting a new record. After a period of price consolidation at higher levels, gold resumed its upward trend in the final days of the month, surpassing $2,200. By mid-April, gold approached the $2,400 mark. However, traders were not yet prepared to accept these levels, and by the end of April, spot gold prices had retreated below $2,300. May saw renewed optimism in the precious metals market. On May 16, spot gold decisively broke through the $2,400 resistance level. Nonetheless, after reaching a peak of $2,426, prices entered the longest consolidation phase of 2024. Finally, on June 10, gold once again broke the $2,400 resistance and managed to establish it as a support level. From that point onward, gold embarked on one of its most stable upward trends of the year, which continued through late summer and early autumn. On October 30, gold prices hit a new record of $2,788.54 per ounce. However, the election of Donald Trump on November 5, 2024 (15th of Aban 1403), interrupted gold’s rally. Spot gold, which had reached $2,743 on November 4, dropped within 10 days to the $2,560 range. Nevertheless, gold quickly found new support. The president-elect’s threats of tariffs and trade wars, combined with renewed inflationary concerns, pushed gold prices back above $2,700. Although the metal did not return to its October highs, it maintained strong support at $2,600 for the remainder of the year, preventing further declines. Meanwhile, Goldman Sachs revised its forecast for gold prices, stating that the metal would not reach $3,000 in 2025. However, the bank remains optimistic that gold prices will continue to rise, albeit at a slower pace than before.
FOREXCOM:XAUUSDShort
by Ali_PSND
XAU/USD: Bearish Continuation After Key Resistance RejectionThis idea highlights a bearish continuation setup for XAU/USD after a rejection at the 2,637 resistance level. The price is respecting the short-term downtrend, forming lower highs and lower lows. A short position is taken with: Entry Point (EP): 2,637 Stop Loss (SL): 2,650 (above resistance zone) Take Profit (TP): 2,615 (key support level) The setup aligns with bearish momentum, and further downside is expected unless the price invalidates the trend by breaking above 2,650. Watch for bearish candlestick confirmations on smaller timeframes for added confidence." Let me know if you'd like any modifications or additional details!
OANDA:XAUUSDShort
by fdreem
Gold price is weak on the rise Gold price has made a significant correction from the recent high and is currently fluctuating between the key levels of Fibonacci retracement. The key levels of price correction from the previous high to the low include: 23.6% ($2617.15), 38.2% ($2638.02), 50% ($2654.88) and 61.8% ($2671.74). The price is currently hovering around the 38.2% level and showing some signs of support. After a period of decline, the price hit a low on January 19 and then rebounded, and then formed a symmetrical triangle consolidation structure. After the breakthrough, the price entered the rising channel but showed some correction pressure in recent days. From the short-term trend, despite the current correction, the overall upward trend has not been broken. Combined with the previous trend, the market may try to test the 50% Fibonacci retracement level ($2654.88) or even higher resistance again after stabilizing in the current support range (around $2638). But if the market continues to fall, the lower side will fall back to the previous wide adjustment range. Long trading suggestions: Aggressive strategy: You can try long orders near $2,638, and set the stop loss below the key support ($2,617). Conservative strategy: Wait for the price to break through $2,655 to confirm the continuation of long positions, and the target can be seen at $2,672. Short trading suggestions: Aggressive strategy: You can try short orders near $2,654, and set the stop loss above the key resistance ($2,671). Conservative strategy: Wait for the price to break through $2,630 to confirm the continuation of short positions, and the target can be seen at $2,617. At the same time, it is necessary to pay close attention to the impact of fundamental factors on gold prices, such as changes in the US dollar index and global macroeconomic data.
FOREXCOM:XAUUSD
by RonPeter_Trading
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDShort
by syomking76418
GOLD maintains a narrow recovery rangeOANDA:XAUUSD Spot delivery maintains a recovery trend and narrow range during the day. As of the time of writing, gold price is currently trading at about 2,633 USD/ounce. On this trading day, investors will pay attention to many important data such as the number of initial jobless claims in the United States, PMI and the housing market, which are expected to stimulate activate market conditions and create market volatility. Today (Thursday), seasonally adjusted initial unemployment claims in the United States for the week of December 28 will be released, expected to be 224,000, compared to 219,000 the previous week. If the latest initial unemployment claims are lower than expected, this will have a positive impact on the US Dollar and affect the price of gold and major non-US currencies. On the same day, the final value of the US Markit Manufacturing Purchasing Managers' Index (PMI) for December will be announced, expected to be 48.3. US construction spending in November will be released, with the monthly rate expected to increase 0.3%. On the daily chart it's OANDA:XAUUSD is still trading in a very narrow operating range, with temporary short-term rallies still limited by pressure from the EMA21 and the 0.618% Fibonacci retracement level. Note to readers in digital publications out first. Temporarily, gold's trend is quite neutral with the possibility of accumulation depicted by the purple triangle. However, based on the current position, gold has more conditions to decrease in price with the Relative Strength Index (RSI) still below level 50, level 50 is considered resistance or support for RSI depending on conditions. RSI's lawsuit. On the other hand, gold could open a new bearish cycle once it is sold below the 0.786% Fibonacci level and the subsequent target of $2,538 in the short term. Even if gold recovers above EMA21, it is still unable to create a concrete uptrend, with pressure from the upper edge of the purple price triangle. Using the POC Volume Profile we will also see that the area around 2,634 – 2,640USD is an area where a lot of trading occurs, this should be considered a pressure area given gold's current position. During the day, gold's trend is neutral with technical conditions tilted to the downside and notable levels are listed below. Support: 2,604 – 2,600USD Resistance: 2,640USD SELL XAUUSD PRICE 2651 - 2649⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2644 ↨ →Take Profit 2 2639 BUY XAUUSD PRICE 2599 - 2601⚡️ ↠↠ Stoploss 2595 →Take Profit 1 2606 ↨ →Take Profit 2 2611
OANDA:XAUUSD
by Xayah_trading