Get started

Xauusdshort

Consolidation for gold and then down to supportSo looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week sometime. Thanks for reading, let me know your thoughts.
FOREXCOM:XAUUSDShort
by T-800_CyberdyneSys_Model-101
Gold's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range. However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547. Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
OANDA:XAUUSD
by TradingGuide_Dean
XAUUSD Buy Gold price (XAU/USD) drifts lower during the Asian session on Thursday, albeit finds some support near the $2,620 area and has now trimmed a part of its intraday losses. Wednesday's US macro data dump pointed to a still resilient US economy and stalled progress on inflation, suggesting that the Federal Reserve (Fed) might be cautious about further rate cuts. This, in turn, triggers a fresh leg up in the US Treasury bond yields, which helps revive the US Dollar (USD) demand and undermines the non-yielding yellow metal. Meanwhile, the current market pricing indicates around 70% probability that the US central bank will lower borrowing costs at the December policy meeting. Moreover, expectations that Scott Bessent – US President-elect Donald Trump's US Treasury Secretary nominee – will restrain budget deficits might cap the upside for the US bond yields. This, along with concerns about Trump's threatened tariffs and geopolitical risks stemming from the worsening Russia-Ukraine conflict, offers some support to the safe-haven Gold price.
OANDA:XAUUSDShort
by KingForex078
GOLD - Bearish Trend with Key Resistance at 2661Gold Technical Analysis The price declined yesterday, as anticipated, and then reversed, currently attempting to reach the resistance level at 2661 before potentially turning bearish again if it stabilizes below this level. The price continues to show bearish volume, with targets at 2625 and 2612, as long as it trades below 2661. However, it may first test 2661 if it stabilizes above 2644. The general trend remains downward. For a bullish trend to emerge, the price must stabilize above 2661, confirmed by a 4-hour candle close, to target 2678. Key Levels: Pivot Point: 2644 Support Levels: 2625, 2612, 2585 Resistance Levels: 2661, 2678, 2693
OANDA:XAUUSDShort
by SroshMayi
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook: In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits. With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance. Today's Trading Strategy: Sell Zone: Short positions near 2640 and above. Buy Zone: Long positions near 2620 or lower. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
OANDA:XAUUSD
by Falcon-Training-Camp
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases. That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below. I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below. I approach trading with confidence backed by experience and past success in identifying high-probability setups. While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
OANDA:XAUUSD
by XU99
Gold’s Key Support at RiskGold is once again in a downtrend, and the key level to watch is the support zone between 2618-2609. If this support holds, gold may form a double bottom, increasing the chances of a rebound. However, if the support breaks, this could likely be the final leg of a five-wave downtrend, and the decline could be the largest of the current cycle, potentially breaking below 2600 and reaching 2580, or even lower.If you're looking to go long on gold (trend trading), you will need to wait for the end of the five-wave decline and for a clear bottoming pattern to form before making your move.
OANDA:XAUUSDShort
by TradingGuide_Dean
XAU ! Scalping , trade under 2700 ! The bears will prevailSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President-elect Donald Trump's promise to impose tariffs on imports from Canada, Mexico, and China sparked renewed safe-haven demand for Gold. Meanwhile, Ukraine reported its largest Russian drone attack to date, alongside reports of Russia using a hypersonic missile last week and advancing at its quickest pace since the 2022 invasion. Allegations of North Korean troops being deployed in Ukraine further complicate the situation, while Ukraine's strikes on deep Russian targets using Western-supplied missiles increase the risk of further conflict escalation. ⭐️Personal comments NOVA: Gold price is recovering. If it breaks through 2662, the buying force will still be strong and will wait for a stronger resistance area at 2688. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2688 - $2690 SL $2693 TP1: $2680 TP2: $2670 TP3: $2660 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
2
Sorry, I've already started shorting goldBros, gold rose to the 2650-2660 area as expected, and we made a very good profit on the long position we held since yesterday. At present, gold has reached a high of around 2654. Then it is obvious that since gold fell from 2721 to 2604, its 50% split line is exactly in the 2660-2665 area; and in the short term, since gold fell from 2688 to 2604, its 61.8% split line is exactly in the 2655-2660 area. So gold faces resistance in the 2655-2665 area in the short term. If the current rebound of gold is just a correction to the downward trend, then gold may still fall again when facing this resistance area. So I have reminded everyone that you can short gold near 2653, bros, wish us good luck! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Building a Bottom Before ReboundWhether from the perspective of the 5-wave pattern or the support levels established during the previous uptrend, both suggest that the current price is forming a bottom region before a potential rebound. We need to be patient during this phase. Of course, I’m sure there are some traders who enjoy scalping—if that's the case, you can trade smaller intraday swings during the bottoming process. However, I would recommend focusing on buying at lower levels for better entry points.
OANDA:XAUUSDLong
by TradingGuide_Dean
Will gold continue to rise? For now, can gold continue to rally next week? Will there be a new rise? The answer is, of course! Remember, continuity is the key to an uptrend anyway, and look at crude oil to see what rhythm is. Fundamentals from the overall pattern, risk aversion has not subsided, gold is still in an upward pattern. The current plate technical point of view, last week's weekly line big Yin and this week's weekly line big Yang echo, rise and fall are also 150 dollars range, the only difference lies in a negative line, a positive line. This week's pull up broke the weekly four consecutive Yin closed a big Yang column, the solid effectively stabilized the upward channel, and closed above the short-term weekly average, the intensive support on the cycle average line is more prominent, the cycle index also maintained upward, weekly long strong; Therefore, weekly deep V reversal, superpose daily 5 even Yang, a little bit in the long run must be to test the previous high 2785-2790, this position may directly break through, may also be regress after the adjustment to break through. Either way, the direction is up, so the trading mind only needs to be long, and a pullback is an opportunity to be long. This is also evidenced by our continued bullish thinking this week. Detailed trading strategies will be updated later, so join me in the discussion
TVC:GOLDLong
by Boooooob
1
XAUUSD SELL setup Gold price climbs above $2,650 on trade war concerns, sliding US bond yields and softer USD Gold price sticks to modest intraday gains near a two-day high, above the $2,650 level, through the first half of the European session as geopolitical risks and US President-elect Donald Trump's tariff plans drive haven flows for the second straight day. Hotter-than-expected US inflation data could raise further doubts about the Fed’s rate cut trajectory, reinforcing selling pressure around the Gold price. The 21-day SMA crossed the 50-day SMA from above on a daily closing basis on Tuesday, confirming a Bear Cross. Adding credence to the downside potential, the 14-day Relative Strength Index (RSI) remains below the 50 level, currently near 47. Therefore, any upside attempts in Gold price could likely be sold into unless buyers find acceptance above the 21-day SMA and 50-day SMA crossover near $2,660. The next topside barriers are at the $2,700 level and Monday’s high of $2,721. Alternatively, the immediate support is at the previous day’s low of $2,605, below which a drop toward the 100-day SMA at $2,569 remains in the offing.A ceasefire between Israel and Lebanon helped reduce the haven demand for the Greenback, exerting additional downward pressure even though the Minutes of the US Federal Reserve (Fed )November meeting showed that officials were divided on further rate cuts. Reuters reported, “a ceasefire between Israel and Iran-backed group Hezbollah came into effect at 0200 GMT on Wednesday after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.”
OANDA:XAUUSDShort
by KingForex078
Hold on to the short position and don't give up!Bros, gold once rose to around 2658. Seeing the sharp rise in gold in the short term, have you given up your short position? I still insist on holding short orders near 2653. Although gold rose sharply to near 2658 in a short period of time, it did not break through the 50% dividing line in the 2660-2665 area; and the daily level resistance is also located near 2660. and the daily level resistance is also located near 2660. So I have reason to believe that after gold fails to effectively break through the 2660-2665 area, it will usher in a wave of retracement in the short term, and the retracement target is 2640-2635 area. Therefore, I still continue to hold a short position in gold and look forward to a good result and continue our winning streak! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
1
Rebound 2661 - still moving DOWN! XAU⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold’s decline was limited by the escalating Ukraine-Russia conflict, which helped XAU/USD hold above the $2,600 per ounce level, despite the Greenback regaining some strength. On the data front, the US Conference Board's Consumer Confidence for November came in stronger than both expectations and October's figures. Looking ahead, key US economic reports this week include Durable Goods Orders, Initial Jobless Claims, and the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Price Index. ⭐️Personal comments NOVA: H1 frame shows signs of Gold breaking the rising trend, expected to recover to the 2662 area then follow the main trend DOWN by the end of 2024 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2661 - $2663 SL $2668 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2607 - $2605 SL $2602 scalping TP1: $2612 TP2: $2618 TP3: $2625 🔥BUY GOLD zone: $2582 - $2580 SL $2575 TP1: $2590 TP2: $2600 TP3: $2610 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
4
The most accurate gold trading signalsGold 4-hour level: Last night, it was under pressure and fell below the 10-day moving average, which was in line with the principle of weakness; and today, the Asian and European sessions fluctuated slowly upward and broke through the 10-day moving average, which showed some rebound strength. For tonight, the middle track 2658 is the next test. Once it fails to break through it, it will rise and fall again; Gold hourly level: From yesterday to now, the trend has been in the oscillating upward channel in the figure. Before the upper and lower tracks have broken through effectively, we should rely on the upper track to be bearish on highs and the lower track to be bullish on lows; At present, the upper track 2653 has some There are signs of pressure. The lower rail supports the upper rail in the range of 2633-30. If it repeatedly tests the upper rail, the derived pressure will be 2656. The important data tonight is 23 points of PCE. Once it rises as expected, it will suppress the gold price, which will easily swallow up the day's gains. Therefore, tonight, we tend to be bearish on rallies below 2653-56, and pay attention to the gains and losses of the lower rail support 2633-30. If it stabilizes and stabilizes, consider a rebound. If the big negative is lost, the weak pressure will continue, and then pay attention to the support of 2605. It is recommended to go short near 2660, stop loss at 2670, target at 2648-2640; it is recommended to go long near 2630, stop loss at 2625, target at 2650-2658;
OANDA:XAUUSD
by ckb6ckb6
Gold rebounded beyond expectations, what to do?Today, gold successfully broke through the high of 2640 in the European session and has reached near 2655. The short-term bullish and bearish situation changed quickly, but the huge negative decline in the daily line laid the foundation for bearishness. Tonight's US session is expected to be a trend of rising and falling. Pay attention to the pressure near 2658 on the top and the support of 2630 on the bottom. If it falls below, it will continue to test the 2620 mark. The 1-hour moving average of gold is still a short-term arrangement of a dead cross downward. After the sharp drop in gold on Monday, gold continued to bottom out and rebounded yesterday, but it was still oscillating back and forth. Today, the rebound continued, but gold was still under the pressure of the previous low of 2658 in the 1-hour. Gold is still a rebound. The market is changing rapidly. It is normal to rebound after falling too much, but it is too early to define that gold has reversed. On the whole, today's short-term operation strategy for gold is to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 2658-2660 resistance, and the short-term focus on the lower side is 2610-2605 support.
OANDA:XAUUSD
by ckb6ckb6
Target Achieved, Future OutlookAfter a prolonged period of consolidation, gold has finally reached above 2650, just as we predicted, bringing in great profits! The price is now in a selling pressure zone, with key data releases approaching. In this case, it's prudent to pause trading and observe the selling pressure around 2660. If the selling pressure is strong, you can follow the trend to short, but be mindful of the strong support zone below. As long as it holds, gold is likely to continue its upward movement. Therefore, do not hold short positions too long. If there's a second surge in volume and a breakout occurs, gold could rise towards the 2680 zone.
OANDA:XAUUSDShort
by TradingGuide_Dean