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GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

SHOULD 2600 HOLD, WHAT NEXT?In my previous video on gold on Oct 27, we established that we would expect price to find the top at 2790 with a directional vector of 1055 units, an octave expansion (2.016) of the 2019 bull market that led to the Corona crush top. We compared the similarity of the 2020 crush to what was to come the following week. Today, we will examine the possible change in price direction if the market continues to follow the same fractal pattern. Should the 2600 major price level hold, expect a quick price recovery towards 2875. The 2875 resistance top should be the top of the first sub-cycle within cycle 3 (current cycle). This should happen in the same week as Christmas.
FX_IDC:XAUUSDLong
by WU_WEI-CAPITAL
Gold resistance support point market analysis.Gold continued to close with a weak short position, and the daily line fell sharply. Today, gold rebounded and continued to short. There is still room and demand for further decline. The price fell to the trend line of 2556. Pay attention to the top and bottom conversion position of 2530 below. Gold's 1-hour moving average continued to cross and diverge downward. The decline of gold has not ended. The last low of gold near 2590 has now turned into resistance. Gold rebounded to below 2590 and continued to go short at highs; near 2580, you can enter the market to short. First support: 2555, second support: 2542, third support: 2530 First resistance: 2570, second resistance: 2580, third resistance: 2591 Trading strategy: BUY: 2551-2553 SELL: 2580-2582
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAUUSD, WEEKLY CHART... here's how it looks.I've been trying some custom approach / experiment on detecting reversal play in advance stages -- and my current case study is XAUUSD. Here's how it looks. Based on weekly data, we got a thinning price line with a shifting inverted support lines (bottom lines). A good confirmation Identifier would be a complete horizontal inverted support line shift. 1950 (completed support line) would be the key price point for that level. Touch it, and we got a BUY SIGNAL. Non-confirmatory (risky) would be 1940 level. TAYOR. Safeguard capital always.
OANDA:XAUUSD
by JSAL
7
XAUUSD / FURTHER DECLINE / OVERALL UNDER UPWARD PRESSURE / 4HXAUUSD / 4HTIME FRAME HELLO TRADERS . Current Downtrend: The price is currently in a downward movement. Demand Zone (Support): The analysis identifies a demand zone between $2,565 and $2,551. A demand zone typically represents a price level where buying interest is strong, potentially causing the price to stabilize or increase. Expectation if Stabilization Occurs , If the price stabilizes above this demand zone, it suggests a potential rebound , The price may then move upward to reach a supply zone between $2,618 and $2,618. (It seems this zone might have been mistyped, as it should likely be a range.) Further Increase if Supply Zone Breaks , If the price closes above the supply zone with a 4-hour (4H) candle, this signals continued upward momentum , This could lead to an increase toward a higher supply zone between $2,732 and $2,749. Further Decline if Demand Zone Breaks , If the price falls below the demand zone (between $2,565 and $2,551), this suggests a likely continuation of the downtrend, with further declines in price expected.
OANDA:XAUUSDLong
by ArinaKarayi
Could Gold reverse from here?The price is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as an overlap resistance. Pivot: 2,555.82 1st Support: 2,530.28 1st Resistance: 2,588.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
1
XAUUSD / UNDER DEMAND ZONE PRESSURE / 1HXAUUSD / 1H TIME FRAME HELLO TRADERS This analysis describes a potential price movement for gold within a 1-hour timeframe based on demand and supply zones: The demand zone is identified between $2,643 and $2,659. The text suggests that if gold prices stabilize at or above this zone, it could signal an upward move. If prices stabilize within or above the demand zone, they may rise to the supply zone, located between $2,688 and $2,703 , If prices surpass the supply zone, the next target level mentioned is $2,710. If prices break below the demand zone (below $2,643), it could indicate a potential decline , In this case, target levels would be $2,618 and $2,605.
OANDA:XAUUSDLong
by ArinaKarayi
XAU / USD 4 Hour ChartHello traders. Hope all is well with anyone reading this. Taking a look at the 4 hour chart I we have moved down nicely to an area of interest that is marked on the chart. We could see a deeper pullback to the lower area of interest. For now, we are mid week, Trump is gonna be in the house real soon. Dollar could keep pumping .... Patience is key. I want to shout out to Big G, my guide through life. I am so thankful, not sure what else to say. Be well and trade the trend. Let's see how the overnight sessions go. I will post a chart for the NY session tomorrow. Thank you for checking out my post.
OANDA:XAUUSD
by musclemilk0075
Gold buy momentum here is opportunity read the caption From the long-term Elliott wave perspective, price appears to be correcting the bullish cycle that started in October 2023 when Gold was exchanged for 1810. After completing wave (IV) of the supercycle degree in September 2022, Gold rallied to complete waves I and II of (V) in May 2023 and October 2023 respectively. Thus wave III of (V) started in October 2023 at 1810. However, it appears wave III has not finished yet. The current pullback is expected to either be in wave ((4)) of III already or wave (4) of ((3)) of III. The most important task now is to note what
OANDA:XAUUSDLong
by Mrsam36
Gold isn't ready to buy yetI've been trading gold for many years and I can say that I have a pretty good handle gold's behaviors. While I think many think now might be the right time to buy gold as it is "really low" at least by comparison, I don't think so. Gold Buys slowly and overtime, big bull spikes while they do occur they typically aren't the catalyst for the actual bull push. You'd typically find bearish spikes as these are the fake move. What I mean by this is I think gold may continue to sell until it starts to slowly create higher highs and higher lows only to break out slowly after that. The fact that gold is so bearish currently, it is likely to go up to get rid of these sellers within this orange zone (which I have re-analyzed) to the level I've highlighted (black line) and then drop. But why am I choosing this line in particular, well I've studied gold for such a long time - I've noticed that it actually likes to play between obvious levels rather than go directly to them. These are just my thoughts and I wouldn't act on them (for sells) until it actually decides to start going bearish. So even if I am wrong about this, who cares lol
OANDA:XAUUSDShort
by Brandon_evo4
1-Day Gold: Broad Up Trend Remains Gold recently experienced a correction from its all-time high, pulling back sharply and breaking below the immediate support at the 23.6% Fibonacci retracement level. This drop signals a temporary pause in the bullish momentum, suggesting a phase of consolidation. However, the broader trend remains positive, supported by strong technical indicators. The bullish outlook is reinforced by a “Golden Cross” formation, where the 20-period Moving Average (MA) has crossed above the 60-period MA. This crossover is a widely recognized bullish signal, indicating a potential long-term uptrend. Historically, such a crossover attracts new buyers, as it reflects a shift in market sentiment and strong upward momentum. Moreover, the Relative Strength Index (RSI) has corrected from overbought levels and is currently hovering near its lower range, around 30. This suggests a potential rebound as the RSI dips into a zone where buying interest typically resurfaces. If the RSI can sustain a move back above 50, it may confirm renewed bullish momentum. In summary, while the recent pullback hints at near-term weakness, the underlying trend remains upward due to the Golden Cross and improving RSI, with key support levels likely attracting new buyers. A bounce from current levels could set the stage for another test of the highs, especially if macroeconomic factors continue to favor safe-haven demand.
CAPITALCOM:GOLDLong
by Trendsharks
XAUUSD: 2600 support level is in focus, will it hold?Hello all dear XAUUSD traders! Gold price today is trading at $2,620/ounce, down sharply by $64 from the previous day's opening price of $2,684/ounce. Gold fell mainly due to the US dollar holding its position at a 4-month high around 105.5 points. In the same view, Daniel Ghali (analyst at TD Securities) agrees that the possibility of high tariffs applied during Donald Trump's presidency and the demand to hold USD are putting pressure on gold prices, as it is also related to the possibility that the US Federal Reserve (FED) may delay cutting interest rates. Technically, the price is reversing and intends to test the liquidity zones at the bottom... Emphasis on dynamic support at 2600. A consolidation before a breakdown is forming. If the price breaks this support level, selling pressure may increase. I do not rule out another attempt to retest resistance, say 2680-2685 before continuing lower following the classic structure as mentioned on the chart. Overall, both fundamentally and technically, the market feels in favor of the bears...
OANDA:XAUUSDShort
by Bentradegold
1