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Xauusdlong

XAUUSD: Bearish Strategy Amid Resistance Levels Today’s bullish trades have been relatively smooth, with the price now hovering near a key resistance zone. From a technical perspective, if a breakout occurs, the next upside target would likely range between 2510-2518. However, if the price fails to break through this level in the near term, there is a high probability that we will see a move towards the 2452 support area later this week. Overall, the primary focus for this week remains selling at higher levels.
OANDA:XAUUSDShort
by Mia-Signal
1
Key Levels and Targets for Gold Trading Following Friday's significant decline, gold's technical indicators are showing signs of recovery, suggesting a short-term buying opportunity at lower levels. The upper resistance zone is between 2508 and 2514, which appears strong based on current market conditions. The probability of a direct breakout above this zone is low. Therefore, if the price reaches this resistance area, consider short-selling opportunities. For this week, the initial short-term target for the downside is in the 2478-2472 range.
OANDA:XAUUSDLong
by Mia-Signal
GOLD H1 Chart analysis 100%Hello Traders! Follow the instructions. If the price consolidates between $2498 and $2497, gold may touch the $2480 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Bullish Opportunities: 1. 2495 - 2490 2. 2477 - 2487 Bearish Opportunities: 1. 2525 - 2530 2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high). Possibility: waiting for geopolitical situation as it getting worsting. I'll Update as it needs to be updated. Use proper risk management Or money management and follow my instructions properly. Don't forgot to support by liking or following!!
FOREXCOM:XAUUSDLong
by sabellaFX
XAU/USD imminent buys or rally from 2,460.000I anticipate that gold is gearing up for another rally to sweep the liquidity pool formed along the trendline. Price could either break past the 10-hour supply zone, potentially reaching a new all-time high, or we might see a short-term decline from this zone, pushing the price down to the 19-hour demand level. If the price reaches this demand zone, I expect it to consolidate on the lower time frames, after which gold may expand to the upside. While we're currently seeing a reaction at the present demand zone, I believe it might eventually fail due to the significant liquidity on both sides. Confluences for GOLD Buys: - There is significant liquidity to the upside that remains untapped. - Price shows strong bullish momentum on both higher and lower time frames. - A clean, unmitigated 19-hour demand zone is present. - There are equal lows above the demand zone, suggesting a potential liquidity sweep before price expands. P.S. As the price has already reacted to the current demand zone, I will be holding off for now and either wait for a short-term sell from the supply zone or until the price reaches the 19-hour demand zone. Have a great trading week, everyone!
OANDA:XAUUSDLong
by Hassan_fx
1
XAUUSD: SELL@2514-2528 Gold has a significant support level around 2488. If it breaks this level again, the price is likely to fall further to around 2452. Tomorrow's NFP (Non-Farm Payrolls) data will be released, and given today's ADP data being bullish for gold, there is a high probability that tomorrow's NFP data will also be favorable for gold, barring any unexpected outcomes. However, it is important to watch the market before the data release—if there is an early rally, there is a possibility that the price may see a brief spike after the data release, followed by a sharp decline. If the data comes in surprisingly negative and is bearish for gold, a short position can be taken directly.
OANDA:XAUUSDShort
by Mia-Signal
NFP Data: Key Trading Opportunities for Gold Gold has returned to around 2520, with resistance still quite evident. With only one and a half hours left before the data release, market volatility is expected to remain limited. Based on yesterday's data, the likelihood of today’s data being bullish is higher. There are two trading strategies to consider: The first is to go long before the data release, but keep a tight stop-loss to guard against a surprise bearish outcome. If there’s a profit, close the position promptly. I estimate that if the data is bullish, the price could rise by approximately $15. The second approach is to wait for the data release and then enter a short position, aiming for a medium-term trade. Given that the current price is already at a relatively high level, even if there is a spike after the data release, it will be challenging for the price to maintain a sustained upward trend.
OANDA:XAUUSD
by Mia-Signal
XAUUSD: NFP data is coming, how to make a trading plan?Yesterday's ADP data showed an increase of 99,000 jobs, the lowest since January 2021, significantly lower than the expected 145,000 and the previous value of 122,000. This provided a significant positive for gold. Fortunately, the subsequent initial jobless claims and two PMI data were negative, which suppressed the rise of gold and prevented the expectation of a consistent recession in all economic data. It is precisely because of this that the price of gold fell to our buying range of 2500-2505 and then rose again, giving us the opportunity to buy at 2505 and take profits at 2516. There are less than two weeks before the Fed's September rate cut, whether it is a 25 basis point or 50 basis point cut. Today's NFP data will play a decisive role. Everyone must pay attention to it. The fluctuation may be very large at that time. Everyone knows the importance of the monthly NFP data, and I don't need to explain too much. Therefore, today's technical reference is not as significant as the data. Everything has to wait for the results of the data release, so it is difficult to judge. Given the uncertainty in today's market, I can't give you a specific trading strategy in advance, because it needs to be adjusted according to the actual market conditions. But I prefer to wait for a pullback and buy bullish, or make a trading plan based on the data performance after the data is released. I hope the above strategy is useful to everyone. In fact, you can be more cautious and give up today's trading, or make a trading plan based on the specific market trend after the data is released.
TVC:GOLDLong
by AntonyTP
21
Go long gold!Today's NFP market is the highlight, and gold's performance in NFP is exactly in line with my expectations. First, I explained that I am optimistic about gold's rebound after the decline in the NFP market, and focus on the 2516-2512 support area and the 2505-2500 area. Before the release of the NFP data, gold just fell back to around 2512, and then rose to around 2518; after the release of the NFP data, gold instantly fell back to around 2508, and then rose sharply to around 2528. Basically, it meets my expectations that gold will fall back first and then rise. At present, gold has fallen back to the 2505-2500 area again, and the current lowest point has reached around 2503, retesting yesterday's rebound area of ​​2504. If the test support is effective, gold will rebound again. I expect gold to rebound to at least the 2515-2520 area. So I have decisively chosen to go long on gold. I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
OANDA:XAUUSDLong
by alongwineer
Gold: Buy Opportunity on the 15-Minute ChartGold is showing a potential buy setup on the 15-minute chart, with price reacting from a red line that became support (green line—an area often associated with bullish reactions). This could be a chance to catch a move up, but as always, timing is key. Keep an eye on how the price behaves around this level for a clearer entry signal. Questions about these levels? Drop a comment and stay tuned for more updates! *Disclaimer: This is not financial advice. Always trade responsibly!*
OANDA:XAUUSDLong
by Remora_traders
Long on Gold (XAUUSD) – 30-Minute TimeframeWe’ve initiated a long position on Gold (XAUUSD) on the 30-minute timeframe following a recent pullback. The current bullish momentum suggests a continuation towards the previous daily high, with the potential for a new all-time high. This trade is positioned ahead of upcoming impact news, which may favor gold. Key Levels: • Entry: The long position is entered after the pullback, with confirmation of bullish momentum resuming. • Target: The initial target is the previous daily high, with the possibility of extending towards a new all-time high if the bullish momentum continues. The news events scheduled from today to tomorrow could further drive this upward movement. • Stop-Loss: Placed below the recent support level to protect against downside risk and ensure a favorable risk-to-reward ratio. Rationale: The decision to go long is based on the strong bullish momentum observed after the recent pullback. Gold has shown resilience, and with upcoming economic data releases, there’s a potential for further upside. The previous daily high serves as a key resistance level, but if broken, it could pave the way for a new all-time high. Risk Management: As the trade progresses, consider moving the stop-loss to break even or closer to the entry point to lock in profits and minimize risk. Partial profits can be taken as the price approaches the initial target, allowing for a more conservative approach while still capitalizing on potential further gains. Additional Considerations: Monitor the upcoming economic news closely, as it may significantly impact the direction of gold. Be prepared to adjust the trade strategy based on how the market reacts to these events. 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.
OANDA:XAUUSDLong
by AR33_
2
I Just Bought Back-In To Gold @ A Fib - Retracement As I have been saying so far during Asia Friday trading I had no Long positions in Gold. Squeezed out like everyone else. (I don't know how those people do it who buy on weakness & accrue - I have to take a page out of their book). The 'funny' thing is, my old broker Fusion Markets phoned me about a month ago to say that I was no longer allowed to accrue Gold & Silver overnight & longer term. Because that is exactly what I was trying to do before. Fusion Markets said, ASIC rules that came in for Australia now make it illegal to accrue Gold & Silver overnight. I was pretty p....off to say the least. My gut feeling is that the Broker did want me to Capitalise on the FED reducing interest rates in 2 weeks time and the highly probable scenario (not 100%) that Gold and its price will 'scream off the roof'. I changed brokers the next day to Eightcap. They are great, even if I break my margin, they don't jump down my throat, and I break it all the time with my aggressive style of trading when I see an opportunity I am very sure about. I digress. Here are the Fib levels where I got into gold. I am not very confident about the Gold price holding up. But it depends on whether the USDX has a rally.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
1
XAUUSD: The most likely time to set a new high is comingIn yesterday's article, we pointed out the importance of the support area of ​​2470-2480, and the trend of this decline is almost the same as that in August, so we bought bullish in this range, and the result was very good. Judging from the strength of the last rebound, the highest gold price tried to break through 2532. Similarly, I am optimistic that gold will test new highs again this time. In addition, there are many important economic data released today, and there will be a monthly NFP tomorrow. Once the data is good for gold, this time is most likely to refresh the historical high. From the 1H chart, we can see that yesterday's strong rebound has broken the downward trend, and today's Asian and European sessions have broken through the key resistance of 2500-2505 again. Now this range has turned from resistance to support. Trading strategy: Although we are very optimistic about gold today, we still cannot take the risk of chasing the rise, because once the gold price falls back to the support, there is a room for a decline of 10-15$. Therefore, today we'd better wait for the gold price to pull back to the 2500-2505 support area before buying. The target can be seen at 2520-2530, and after a new high, it can be seen at 2550.
TVC:GOLDLong
by AntonyTP
XAUUSD 15-Min Analysis: Testing ResistanceThe chart shows the XAUUSD (Gold/US Dollar) pair on a 15-minute timeframe. The market is currently trading around 2516.76, where price is approaching a critical resistance level and showing potential for a pullback or continuation of its bullish move. Key Observations: Resistance Levels: The price is approaching a significant resistance zone between 2528.99 and 2530, where the price is expected to face selling pressure. A breakout above this resistance would confirm further bullish movement, but rejection here could lead to a correction. Support Levels: Immediate Support: The price may retrace to the 2511 support area before any significant move upward. Deeper Support: If the price breaks below 2511, further support is found around 2500. EMA Structure: The EMAs (20/50/100) are aligned bullishly, showing continued upward momentum, but a potential short-term correction is also possible as the price tests resistance. RSI Indicator: The RSI is hovering in the overbought territory at 70.78, indicating that the price might see a pullback before attempting to break the resistance level. Expected Price Movement: Bullish Scenario: If the price breaks through the 2528.99 resistance, it could push higher towards new highs, with a bullish continuation pattern forming. Bearish Scenario: In case of rejection at resistance, the price may correct down to the 2511 support, and potentially as low as 2500 if bearish momentum increases. This setup offers both bullish continuation and potential retracement opportunities, depending on how the price reacts to the current resistance level. Traders should watch for either a breakout or a pullback to support before committing to a position.
PEPPERSTONE:XAUUSDLong
by Nigouk