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Goldsetup

Gold Approaching Major Resistance – Will It Drop to 2,736$?OANDA:XAUUSD is nearing the upper boundary of an ascending channel, which aligns with a major resistance zone. This area has acted in the past as a reversal point, making it a key level to watch for potential bearish movements. If the price confirms rejection at this level, I anticipate a move downward toward the 2,736$ level, consistent with the channel’s structure and a nearby support zone. Conversely, if this resistance is breached, it could signal increased buying pressure and a continuation of the bullish trend.
FX:XAUUSDShort
by TrendDiva
3
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Following on from the initial KOG Report we've not done too badly managing to plot the path for the move and jump on board with it over the week. Yesterday we wanted that pullback into the 2685-90 region to continue with the bias and the bias levels which didn't hit exactly but the move continued and we've completed all of our targets for the week. Now, again we're a bit high, so if you're looking for trades the only option is to wait for the pull back, or for those on the boxes and scalping, look for a reversal from above, if not broken, support has flipped 2710! For us, a great week on the gold and the rest of the markets, we'll be taking it easy tomorrow. KOG’s Bias for the week: Bullish above 2650 with targets above 2700✅, 2706✅ and above that 2716✅ Bearish on break of 2650 with targets below 2640 and below that 2635 RED BOXES: Break above 2690 for 2700✅, 2703✅, 2706✅, 2710✅ and 2724✅ in extension of the move Break below 2680 for 2667, 2665, 2655 and 2640 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
26
XAU/USD 14 January 2025 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase. Price Action Analysis: Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity, for two possible reasons. 1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high. 2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855. Intraday Expectation: Intraday expectation and alternative scenario as per points 1 and 2. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. H4 Chart: M15 Analysis: -> Swing: Bearish. -> Internal: Bearish. Price Action Analysis: Yesterday's Intraday expectation was not met with price failing to target weak internal high, printing a bearish iBOS. Internal structure has now aligned itself with swing structure. This could potentially be an early indication that both Daily and H4 pullback phases are incomplete. It would also be useful to remember that Weekly TF remains in its bearish pullback phase. Price subsequently printed a bullish CHoCH thereby confirming internal range and indication of bullish pullback phase initiation. Intraday Expectation: Price has yet to trade in to premium of internal 50% EQ or M15 supply zone. Expectation is for price to target weak internal low, priced at 2,656.880. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold next push to the upside or downside. 😌 Price has bn playing around last week high. 🫴🏻If price breaks the previous week high 2658.40 and a close above it, there's a higher probability 💯 that price is going to clear the liquidity above 2692.76 and get to the daily point of interest 2706.89 💫 🫴🏻If price did not breaks the previous week high with a candle closure above it. I am anticipating price to clear both this current week Monday's Low 2614.76 and previous week Monday's Low 2596.12. 🫵🏼 Watch out for this. The simple thing is to let price do what it wanted to and you trade what you see. Please bost if you find this one insightful.
GBEBROKERS:XAUUSD
by HallowAdept
GOLD- Levels for Monday 6th- Friday 11th JanuaryHope this benefits you guys. This is not typical S&R or S&D. These levels are based on volume profile and really powerful. NOTE, don't treat these levels as buy and sell points. You will still need to have context behind your trade and use these levels as a reference point. one of the strategy I use is, volume profile along with cumulative delta and footprint. Look for shift in value, delta divergence etc. and when price reaches one of those levels, use footprint for entry. Bottom line is, you have to have context behind your trade. Without context, you are hunting in the dark. Have fun and enjoy
OANDA:XAUUSD
by MarketFootprint
Gold at Key Fibonacci Retracement: Bullish Move Ahead?Gold has retraced to my level of interest, hitting the 0.6-0.7 Fibonacci retracement zone, which aligns perfectly with the trend retest area. The confluence of technical signals here suggests a potential bounce from this level, supported by the Fibonacci levels and the current trend structure. A careful approach will be required as we wait for the price action to confirm a bullish continuation or a deeper retracement. Technical Overview: • Entry Point: Based on a key retracement to the 0.6-0.7 Fibonacci level, indicating a possible bullish reversal. • Trend Retest: The price is interacting with the trendline retest, and maintaining above this level could signal further bullish momentum. • Risk Management: Stop-loss levels are set below the 0.7 Fib level, as this area will be a key invalidation point should price break through. Fundamental Overview: Gold (XAU/USD) continues to rise, recently scaling new highs beyond $2,750 during the European session, driven by a risk-off sentiment due to tensions in the Middle East and ongoing US political uncertainty. This is compounded by expectations of a more accommodative Federal Reserve policy, with potential smaller interest rate cuts after the upcoming US Presidential election. While the rally in the US Dollar is dampening some of Gold’s demand, the broader macroeconomic environment continues to provide bullish support for the precious metal. Moving forward, key drivers for the gold price will include any further escalation of geopolitical tensions, as well as central bank policies related to interest rates and monetary easing. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDLong
by AR33_
2
Gold on the Verge: Eyeing 2,602 for the Next Move!Gold is currently showing signs of weakness on the 30-minute chart, and I have entered a short position based on the technical structure. The market has seen a slight pullback, but the bearish momentum seems to be taking over as it continues to test lower levels. Key Technical Insights: • Entry Price Area: short trade was initiated around 2,621.22. • Stop Loss: The SL is set above the retracement zone, close to 2,629.02 to avoid any sudden upside retracement. • Take Profit (TP): The potential downside target looks like 2,612, though there could be room for price movement lower, towards 2,608 or even 2,6002 depending on momentum. Risk Management: Given the shorter timeframe of the trade, this is a quick trade opportunity with a moderate risk profile. Traders should monitor the trade closely and be prepared to exit if the price action suggests a reversal. As always, if you are in profit, consider taking partials to secure gains and manage risk effectively. Let’s see how this short setup unfolds, and as always, remember to pay yourself when the trade starts moving in your favor! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
XAU/USD 27 August 2024 Intraday AnalysisH4 Analysis: Intraday expectation, analysis and bias remains the same as analysis dated 23 August 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish iBOS. After an iBOS (Internal Break of Structure) we expect a bearish pullback. Price has printed bearish CHoCH which indicates, but not confirms bearish pullback phase initiation Intraday expectation: Whilst price did continue bearish as part of bearish pullback phase, I am concerned that price has not, as yet, pulled back deep enough into either H4 demand zone or discount of 50% EQ, therefore, it is my view that price will seek further liquidity before a sustained bullish move to target weak internal high. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. As mentioned in previous analysis whereby we needed to be mindful that H4, following bullish iBOS, has yet to initiate bearish pullback, therefore, it would not be unexpected if strong internal low was to be targeted. This is exactly what price printed, printing a bearish iBOS. Price has printed bullish CHoCH indicating bullish pullback phase initiation. Intraday expectation: Price is in premium of internal 50% EQ with strong high remaining protected. Price to target weak internal low. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold 4hr setup Gold is presently experiencing a bearish trend, characterized by a pattern of lower highs and lower lows since peaking at 2484.14. I anticipate that gold will encounter resistance at the temporary rejection level before declining further. Subsequently, I expect it to rebound and ascend to my target area, which is approximately between 2400 and 2402.02. Confluences supporting this analysis include: A downward trendline indicating a continuation of the bearish trend. An upward trendline suggesting a potential reversal point. A rejection zone between 2400 and 2402.02, which is a significant area of interest. The round number of 2,400, often a psychological level in trading. The 0.618 Fibonacci retracement level Market structure. Expectations of the US Dollar strengthening. Gold Daily Dollar Index Silver
TVC:GOLDShort
by ChartStrategist
2