Gold's big breakout pre-market XAUUSD
The market wanted to breakout yesterday so imagine how the pump might be today.
XAUUSDK trade ideas
XAUUSD LONG Buy LimitTechnical Analysis:
1. Daily Chart (Long-Term Trend)
• Uptrend: Gold has been in a strong bullish trend.
• MACD: Positive and increasing, indicating bullish momentum.
• RSI: 68.44 (approaching overbought, but not yet extreme).
• Price Action: Higher highs and higher lows confirm bullish sentiment.
2. 15-Minute Chart (Medium-Term Trend)
• Uptrend: Price is making higher highs.
• MACD: Positive, confirming bullish short-term momentum.
• RSI: 53.77, showing room for further upward movement.
3. 3-Minute Chart (Short-Term Entry Timing)
• Consolidation/Minor Pullback: Price is stabilizing after a strong move up.
• MACD: Slightly negative, but not showing strong bearish signals.
• RSI: 42.75, suggesting that price could bounce from a small dip.
Fundamental Analysis:
• Gold has been rallying due to inflation concerns, geopolitical risks, and potential rate cuts by the Federal Reserve.
• The weaker USD and strong institutional demand for safe-haven assets support a bullish outlook.
Position: Long (Buy Limit)
• Entry: $2795.00
• Stop Loss (SL): $2785.00
• Take Profit (TP): $2815
SIDEWAY and go up to make ATH 2800⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
In January, the US ADP National Employment Change showed private sector job growth accelerating from 176K to 183K, surpassing expectations of 150K. Meanwhile, the ISM Services PMI came in at 52.9, slightly above the 52.8 forecast but down from December’s 54.0. Similarly, the S&P Global Services PMI fell from 56.8 to 52.9, still exceeding projections of 52.8. Money markets are now pricing in 52 basis points (bps) of Fed rate cuts in 2025.
⭐️ Personal comments NOVA:
Gold price is sideways around 2855 - 2882, accumulating and will continue to go up: resistance price zone to pay attention to: 2900
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2898 - $2900 SL $2905
TP1: $2890
TP2: $2860
TP3: $2850
🔥 BUY GOLD zone: $2832 - $2834 SL $2827
TP1: $2840
TP2: $2850
TP3: $2860
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ 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
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 for Gold 🪙 Gold and of list ATH 2798😁 ready for Short 😀 list night 🌉 FOMC meeting 🤝 ) low carncy rates) technical fundamental analysis looking And of gold ATH (2798) now gold still moving to recover Short 😀
Key Resistance level 2798
Key Support level 2786 - 2772 - 2766 - 2766
Mr SMC Trading point
Plaes support boost 🚀 analysis follow )
gold (XAU/USD) is trading at approximately $2,807 per ounce.Technical Analysis:
Resistance Levels: The immediate resistance is around $2,820. A decisive break above this level could pave the way toward the all-time high of approximately $2,790 reached in October 2024.
Support Levels: On the downside, initial support lies near $2,780, followed by the $2,750 region. A break below these levels might trigger further declines toward $2,700.
Fundamental Factors:
The recent surge in gold prices is attributed to heightened geopolitical tensions and expectations of potential U.S. interest rate cuts. Analysts from Goldman Sachs have projected that gold could reach $3,000 per ounce by the end of 2025, driven by interest rate cuts and increased central bank purchases.
MARKETWATCH.COM
Conclusion:
The current technical and fundamental landscape suggests a cautiously optimistic outlook for gold. Traders should monitor key resistance levels for potential breakouts while being mindful of support zones that could signal corrective pullbacks. Staying updated with U.S. economic policies and Federal Reserve communications will be crucial in assessing gold's future trajectory.
My buy idea on xauusdI think it’s time for buys after smashing the ATH, before the end of the year I expect a massive retracement down all the way to 2000
ATH 2880 XAU, can it be reached today?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Trump extended a 30-day delay on the 25% tariffs for Canada and Mexico, sparking optimism that a global trade war may be avoided. However, this does little to weaken the bullish outlook for the safe-haven metal. Meanwhile, Wednesday’s US economic calendar includes the ADP private-sector employment report and ISM Services PMI, which could impact the USD and create short-term trading opportunities for gold.
⭐️ Personal comments NOVA:
Gold price continues to maintain the uptrend, waiting for new ATH 2880 or 2900 this week, waiting for ADP-NF and NF results this week
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2900 - $2902 SL $2905 SCALPING
TP1: $2895
TP2: $2890
TP3: $2885
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️ 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
GOLD Breaks Resistance - Can Bulls Maintain Momentum?OANDA:XAUUSD has broken above a major resistance level and is currently retesting this level as support. This area has historically acted as a key decision point, and its role as new support will be crucial in determining the next move. If buyers step in and successfully defend this level, I anticipate a continuation of the bullish trend, with price targeting the 2,830 level. This scenario aligns with the broader uptrend and could offer a strong buying opportunity.
However, if this support level fails to hold and sellers push the price below it, we could see further bearish momentum, potentially leading to a deeper pullback. Traders should closely monitor price action for confirmation signals, such as bullish engulfing candles, strong buying volume, or a clear rejection wick, which would indicate that buyers are reclaiming control.
Keeping an eye on market structure and key technical signals will be essential for making informed trading decisions.
Where to reenter long on GOLD. 2852 and 2843This idea is based on potential reentry long in the GOLD demand zones. Targets are 2868-point of control, where MM trying to trap retail traders and produce liquidity for potential longs. Second target is 2880-the top of the "manipulation zone". If you decide to trade this idea, do not enter blindly. If you have enter at 52, do it with smaller size, maybe you will need to average at 42 again. TP your trade partially. If-when entry conditions are met, I will try to update this trade. Sometimes it is too fast, so not always possible. If you want to fast signal, you know what to do. Wish you good luck.
P.S. I´m not a signal service, do not sell anything here and anywhere. If you want to buy something, please contact one of the signal factories usually writing comments below to find new customers. I´m sharing my knowledge. I´m suggesting you to invest(your time) to learning, not buying signals without responsibility for your trade. You are not a monkey pushing the buy-sell button(even if you are beginner), try to learn, learn and learn.
THIS IS NOT A SELL IDEA TOWARDS 52-42!!!
NF - Will the BIG SELL happen or not?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
China has imposed tariffs on select US goods in response to President Trump’s 10% levy on Chinese imports, escalating trade tensions between the world’s two largest economies and reinforcing demand for safe-haven gold.
On the economic front, the US Department of Labor (DoL) reported that initial jobless claims rose to 219K for the week ending February 1, up from the previous week’s revised 208K. Meanwhile, US Treasury Secretary Scott Bessent stated that the Trump administration is less concerned about the Federal Reserve’s rate path and is instead focused on lowering 10-year Treasury yields.
⭐️ Personal comments NOVA:
The market is too expecting a price increase - big FOMO will have high risks. NF news will shock the market today, BIG SELL will happen
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2851 - $2949 SL $2845 scalping
TP1: $2855
TP2: $2860
TP3: $2865
🔥 BUY GOLD zone: $2813 - $2811 SL $2806
TP1: $2820
TP2: $2828
TP3: $2835
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ 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
XAUUSD H1 I Potential Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 76.05, which is an overlap resistance
Our take profit will be at 2838.63, an overlap support level.
The stop loss will be at 2883.65, above a swing high resistane and the 127.2% Fivobacci extension.
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GOLD (ASCENDING AND IMPORTANT NEWS AHEAD)Hello, traders.
The economic data can influence market sentiment for today
Gold (XAU/USD) remains within the 2844 - 2858 zone, consolidating above previous resistance. Buyers are holding control, keeping the bullish trend intact. As long as the price stays above 2858, the next target remains 2915, aligned with the rising channel. A breakout above this consolidation would reinforce bullish momentum.
If the price fails to sustain above 2858, a retest of 2844 could follow. A confirmed break below may trigger a correction toward 2809 - 2783. The weaker NFP data (169K vs. 256K previous) could support gold's upside by pressuring the USD, but price action remains the key driver. The overall trend remains bullish unless 2844 is lost, which could shift momentum lower.
Gold Wave 5 Bull Complete?! (4H UPDATE)I said on yesterday’s update that during extreme market volatility, Gold can possibly push up towards $2,868 - $2,883. This morning we saw that extreme move up & Gold has now aggressively rejected our $2,882 resistance zone🔥
Even though more upside MIGHT happen, overall Wave 5 is close to completion. Look left on the chart & you’ll see Wave 5 is now above our Wave 3 high of $2,790 which formed in November 2024. The 5 wave bullish cycle is complete or close to completion.
Gold Wave 5 Bull Complete?!We previously mistook the $2,790 peak as the Wave 5 high which was wrong. We have re-counted the wave analysis & updated accordingly!
Gold is currently in its Wave 5 bull run which should be ending soon. Drop down to the lower TF’s to look for a change in market structure to bearish, before entering sell’s.
GOLD - wedge Uper line, make or break??#GOLD... it's called perfection guys, market perfectly placed near to wedge line high as we discussed in our last idea and video analysis as well.
Keep close that wedge line that is around 2880 - 85
And if market hold that area in that case we can see drop again otherwise a new ERA will start above that.
Stay sharp..
Good luck
Trade wisely
Gold H1 | Approaching overlap supportGold (XAU/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 2,812.31 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 2,800.00 which is a level that lies underneath the 38.2% Fibonacci retracement level.
Take profit is at 2,847.42 which is a level that aligns with the 161.8% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GOLD Resistance Ahead!
HI,Traders !
GOLD is making a local
Rebound but a horizontal
Resistance is ahead at 2860.97
So after the retest we will be
Expecting a local bearish pullback
And a move down !
Comment and subscribe to help us grow !
Expanded Flat Done? Sell!From a technical perspective, we believe gold is currently in the process of completing Wave 4. The rally to $2,850 marked the end of Wave B, a pivotal moment before a corrective pullback. Our analysis suggests that this pullback, classified as Wave C of Wave 4, is expected to drive gold prices down to approximately $2,400 per ounce.
This corrective phase is projected to bottom out around mid-April 2025, creating a robust support level. Once this corrective phase concludes, we anticipate a strong bullish reversal. This upward momentum will form Wave 5, pushing gold prices to unprecedented highs, with our target set at $3,300 per ounce.
Gold short I dont think gold goes higher than 3000$ .
That is a psychological level and i think it gets front run.
Lets see what 2025 brings on.
XAU/USD Bullish Breakout – Gold Eyes $2,928 & Beyond!🔥 XAU/USD Analysis – February 4, 2025 🔥
📈 Current Price: $2,842.18 (+0.98%)
📊 Trend: Bullish momentum inside an ascending channel
🔍 Key Levels to Watch:
🔵 Resistance: $2,928.75 – If this level breaks, expect further upside movement! 🚀
🔵 Support: $2,729.13 – Strong demand zone; watch for pullbacks.
🔴 EMA 200: $2,534.85 – Long-term bullish confirmation above this level! ✅
📉 Possible Scenarios:
✅ Bullish Case: Price continues the uptrend, targeting $2,928.75 next. If broken, gold could see $3,000+ soon! 🎯🔥
⚠️ Bearish Case: A rejection from resistance could lead to a pullback towards $2,800-$2,730.
💡 Final Thoughts:
The bullish momentum is still strong, and dips could be buying opportunities! 📊👑 Watch for price action near key levels.
📢 Gold bulls, are you ready for new highs? 🚀💰
Trump’s Tariffs Push Gold Price Down from Record HighTrump’s Tariffs Push Gold Price Down from Record High
As shown on the XAU/USD chart, gold prices surpassed $2,800 per ounce for the first time in history on 31 January. However, by 3 February, we have seen a pullback from this record high.
Today’s bearish sentiment in gold is driven by the strengthening US dollar, a reaction from currency markets to the tariffs announced by Donald Trump.
This creates a mixed outlook:
→ On one hand, trade war concerns support gold as a safe-haven asset.
→ On the other, a stronger dollar pressures XAU/USD.
According to Reuters, Citi analysts suggest that further tariffs could drive gold prices up to $3,000 per ounce.
The technical analysis of the 4-hour XAU/USD chart shows that:
→ The price is moving within an upward trend, following a linear regression channel drawn from the first candles of 2025.
→ A bullish attempt to break above $2,800 triggered selling pressure, forming a bearish engulfing pattern and pushing the price towards the lower boundary of the channel. If fundamentals continue to support gold’s rise, the $2,800 level could become a significant resistance for the current trend throughout February.
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XAUUSDGold hit another record high today at $2,877/ounce, approaching critical resistance levels at $2,890, $2,920 (the trendline connecting consecutive higher lows between February and November 2024), and the psychological checkpoint at $3,000.
Trade war risks between the world’s two largest economies, the U.S. (Trump) and China, are boosting haven demand for XAUUSD. The metal is currently hovering just below the boundaries of its primary uptrend channel, which has been in place from October 2023 to October 2024. A break back into the channel and above the $2,920 barrier could reinforce the long-term bullish trend for gold.
However, if negotiations settle, retracements toward key support levels at $2,820, $2,790, and $2,730 (the previous resistance zone for the November 2024 – January 2025 range) could occur. A close below $2,730 may trigger a deeper bearish scenario for the metal.
