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XAUUSD Buy From a technical perspective, the Gold price now seems to have found acceptance above the $2,720 supply zone. Moreover, oscillators on the daily chart have been gaining positive traction and are still away from being in the overbought territory. This, in turn, favors bullish traders and suggests that the path of least resistance for the XAU/USD is to the upside. Hence, some follow-through strength towards the next relevant hurdle near the $2,735 horizontal zone, en route to the $2,746-2,748 region, looks like a distinct possibility. The momentum could extend further towards challenging the all-time peak, around the $2,790 area touched in October 2024. XAUUSD Buy 2727 Support 2745
OANDA:XAUUSDShort
by Eliana74
8
xauusd buy cpiGold buyers turn cautious ahead of US CPI inflation test Gold price returns to the red early Wednesday as buyers switch to the sidelines, awaiting the US Consumer Price Index data release for further insights on the Federal Reserve’s interest rate path. Nothing changes for Gold price from a short-term technical perspective, as buyers have entered a bullish consolidation phase following last week’s symmetrical triangle breakout. The 14-day Relative Strength Index (RSI) continues to hold well above the midline, currently near 56, suggesting that Gold price remains a ‘buy-the-dips’ trade in the coming days. Gold price needs to find a sustained break above the $2,675 barrier on the way to the $2,700 barrier to regain upside traction. Daily candlestick closing above that level is critical to extending the uptrend toward the December 12 high of $2,726. Alternatively, strong support is located at the January 13 low of $2,656, below which sellers must crack the $2,640 demand area. That zone is the confluence of the 21-day Simple Moving Average (SMA), 50-day SMA, 100-SMA and the triangle convergence, making it a powerful support. If the downside momentum accelerates, the January 6 low of $2,615 could come to buyers’ rescue. xausd buy 2675 suppot 2700
OANDA:XAUUSDShort
by Eliana74
XAUUSD SELL XAU/USD is finding a floor for now to bounce off after its sluggish Monday performance when Federal Reserve (Fed) policy rate concerns took over sentiment, recovering slightly and trading near $2,670 on Tuesday. Gold sell 2674 Support 2640 In the 4-hour chart, a directionless 20 SMA has rejected advances since the week started, now acting as dynamic resistance at around $2,674.00. The 100 and 200 SMAs are also flat, yet well below the current level. Finally, technical indicators have ticked higher, although in neutral-to-bearish territory. Support levels: 2,660.70 2,645.15 2,635.00 Resistance levels: 2,675.00 2,683.20 2,697.90 XAUUSD SELL Support
OANDA:XAUUSDShort
by KingForex078
Xauusd H4 signal Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data Gold price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence of a bullish bias. The metal price has climbed above the nine- and 14-day Exponential Moving Averages (EMAs), indicating a strengthening bullish momentum in the short term. Moreover, the 14-day Relative Strength Index (RSI) has risen above the 50 level, further supporting the development of a bullish bias. Xauusd sell 2639 Support 2610 Long Target 2580 Resistance 2685 Xauusd sell signal The XAU/USD pair may test initial support around the nine- and 14-day EMAs at $2,635.00 and $2,633.00, respectively. Further support appears around its monthly low of $2,583.39, recorded
OANDA:XAUUSDLong
by JohnHarry_7
2
xauusd XAU/USD peaked at $2,655.68 and holds nearby in the mid-American session. From a technical point of view, the daily chart shows that the positive momentum is not enough to confirm additional gains, yet also that bulls dominate the bright metal. XAU/USD currently trades above all its moving averages, recovering above a flat 20 Simple Moving Average (SMA) after finding buyers around a bullish 100 SMA. Technical indicators, in the meantime, have pared their slides and turned marginally higher, albeit with uneven strength and still far from reflecting strong buying interest. In the near term, and according to the 4-hour chart, however, XAU/USD is firmly bullish. The Momentum indicator heads north almost vertically well above its 100 line, while the Relative Strength Index (RSI) indicator advances around 70. Finally, the pair has moved above all its moving averages, although they lack directional strength. Gold needs to settle above $2,664.27, December 16 high, to convince speculative interest it could re-test record highs. Support levels: 2,639.15 2,621.60 2,607.30 Resistance levels: 2,664.30 2,678.85 2,691.60 xauusd buy 2660
OANDA:XAUUSDLong
by Eliana74
XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00. Reason for the trading strategy: We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement). RSI (34) has made a bullish exit and warns off a potential further rise. Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.
FX:XAUUSDShort
by theforexarmy
3