Xauusd sell signal Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI data.
Xauusd sell 2654
Support 2630
Support 2620
Xauusdshort
GOLD. Approaching the zone of the beginning of sales GOLD. Approaching the zone of the beginning of sales
Current Structure:
The upward correction is approaching the selling zone around 2637 USD/oz (labeled as “sell zone”).
The trend line below keeps the structure within the expected decline.
The zone of interest for a potential decline is labeled with a target level at 2548 USD/oz.
Key factors:
The 4-hour EMAs (exponential averages) are crossing and acting as resistance. This strengthens the probability of a decline.
The 61.8% Fibonacci 61.8% also coincides with the sell zone, confirming its significance.
Prediction:
If the price reaches 2637 USD/oz, there is a high probability of a reversal and the beginning of the decline.
The target is 2548 USD/oz.
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XAUUSD - what will happen before the Holiday season?Here is our view and update on XAUUSD . Potential opportunities and what to look out for before the Holiday season starts.
Let’s take a step back and take a look at XAUUSD from a bigger perspective. For this we are attaching the long-term overview on the pair.
We are still following the sell bias we have published.
XAUUSD is currently trading at around 2625 with lower volume than usual.
Scenario 1: SELLS from 2620
That would confirm our pullback to the upside and breaking below 2620 would give us an opportunity to drop back down to 2604 or 2600 flat. Next we would be targeting a very important KL (Key Level) 2590.
Scenario 2: BUYS from 2638
We broke above 2638 and are trading above it. We should see more upside potentially reaching new highs at around 2666 which was also an important KL (Key Level) before.
Personal opinion:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 2620 or a safe buy at the breaks of 2638. Be patient and stay tuned for updates on this pair. For now we are sticking to the sell bias from the long-term overview.
KEY NOTES
- XAUUSD breaking below 2620 would confirm sells down to 2604 - 2600.
- XAUUSD breaking above 2638 would confirm further buys up to 2666.
- Volume is lower as the business year is coming to an end and Holiday season is about to start.
Thank you everyone for your amazing support lately. We will continue to provide value to you. Happy Holidays!
Happy trading!
FxPocket
Gold Spot Analysis (1H Timeframe)Gold is currently testing a strong resistance zone around $2,658 - $2,676. This level has historically acted as a significant barrier, with prior attempts to break through resulting in sharp reversals.
Key points to note:
The resistance zone is clearly defined, and price action shows hesitation near this level.
A potential rejection from this zone could lead to a pullback towards the support levels at $2,637 and further down to $2,619, as indicated by the green target areas.
On the other hand, a breakout above $2,676 with strong momentum could signal a bullish continuation, invalidating the resistance.
Trading Plan:
Watch for bearish candlestick patterns or confirmation signals near resistance for potential short entries.
If entering short, aim for the support targets at $2,637 and $2,619, keeping the stop-loss just above $2,676.
In case of a breakout, wait for a retest of the resistance zone as support before considering long entries.
📊 Risk management remains key—always trade with a clear plan and disciplined execution.
Gold price forecast: XAU is on the cusp of a strong breakoutGold price has had an exceptional year in 2024; rallying by over 25% year to date. So exceptional was its performance that it hit a fresh all-time high at $2,790 an ounce in late October. It has since erased some of those gains as a hawkish Fed weighed on the precious metal in favor of the US dollar and interest-yielding assets like the US Treasuries. Last week, the bullion dropped to a one-month low at $2,583 before rebounding to trade at $2,624 as at the time of writing. The metal may trade within a range as investors await fresh catalysts. A look at its daily chart shows the 20 and 50-day EMAs joining at $2,640. ...
XAUUSD SellFrom a technical standpoint, I believe we are in for a long ride down on gold.
This play takes us only to 2,386, but I believe we will end up around 2,150.
On the daily we have a shallow fib retracement of less than 23.6 with a stall out and weekly resistance that formed. I anticipate price to travel back to at least the daily 38.2 with potential for a deeper retracement before we can look at next potential move.
Gold Trading Strategies 2025/1/2Gold is currently forming an irregular head and shoulders bottom pattern on the 30-minute chart. It is now at a horizontal resistance zone (2632-2638), with key support at 2628-2621. If the support within this triangle consolidation area holds, the focus will shift to a potential breakout above the resistance. Over time, the probability of a breakout is likely to increase.
Therefore, the main focus for today's trades is on buying in the 2628-2618 range. During the New York session, the strategy should favor long positions. The key resistance today and tomorrow is around 2640, with support at 2623.
Next week, the focus will shift to the resistance zone at 2652-2661, with support needing close attention in the 2632-2623 area.
Today's and Tomorrow's Trading Strategy:
Buy at 2624-2618
Sell at 2644-2648
Based on the chart, here’s a potential trade setup for **gold Based on the chart, here’s a potential trade setup for **gold (XAU/USD)**:
**Key Levels:**
- **Resistance Zone:** Around 2,640-2,645 (gray area in the chart).
- **First Support Level:** 2,620.
- **Second Support Level:** 2,610.
- **Deeper Target:** Below 2,610, likely toward 2,600.
---
**Trade Setup (Sell):**
1. **Entry:**
- Wait for a bearish rejection near the 2,640-2,645 resistance zone. Look for signs like a bearish engulfing candle or wicks rejecting the resistance.
2. **Stop Loss:**
- Place your stop loss slightly above the resistance zone at around 2,650 to protect against false breakouts.
3. **Take Profit Targets:**
- **1st Target:** 2,620 (Support zone).
- **2nd Target:** 2,610 (Deeper support).
- **3rd Target (Optional):** 2,600 if the price breaks below 2,610 with strong momentum.
---
Alternate Scenario (If Resistance Breaks):**
- If gold breaks and closes above 2,645 on the 1-hour chart, this would invalidate the sell setup.
- Look for a potential **buy opportunity** on a pullback to 2,640 with a target of 2,660.
---
**Tips for Execution:**
- **Confirmation:** Wait for confirmation (candlestick patterns or momentum indicators like RSI divergence) before entering.
- **Risk Management:** Use a risk-reward ratio of at least 1:2 or 1:3 to ensure profitability.
- **Monitor News:** Be aware of economic news that could impact gold (e.g., USD strength or weakness).
CAPITALCOM:GOLD
Gold Pattern FormationThis commodity has been forming a rising flag for the past few days (which IMO is a strong indicator of a bullish momentum.
I was waiting for the price to hit the bearish order block at 2629 with the SL at 2640 but my entry will be at 2620, SL at 2635 and targets at 2581 and 2535.
XAU/USD "GOLD vs US Dollar" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at anypoint.
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest high level.
Goal 🎯: 2586.00 or Before
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Fundamental Outlook 📰 Economic Factors
US Interest Rate Hikes: The Federal Reserve's potential rate hikes in 2025 could increase the opportunity cost of holding gold, making it less attractive to investors.
Stronger US Dollar: A stronger US dollar could make gold more expensive for holders of other currencies, potentially reducing demand.
Improving Global Economic Growth: If global economic growth improves, investors may shift their focus away from safe-haven assets like gold.
Sentiment Analysis
Reduced Investor Appetite: If investor appetite for gold decreases, it could lead to reduced demand and lower prices.
Increased Gold ETF Outflows: Increased outflows from gold ETFs could indicate reduced investor interest in gold.
Other Factors
Increased Gold Supply: An increase in gold supply due to increased mining production or recycling could lead to lower prices.
Cryptocurrency Competition: Increased competition from cryptocurrencies like Bitcoin could reduce demand for gold as a safe-haven asset.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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Gold short position XAUUSD - Medium TermOANDA:XAUUSD
#Gold #XAUUSD has been declining since March, and has shown an accelerated move to the downside (mid april to mid may) signaling a short position. After almost a month of moving side ways and failing to reclaim above the broken trendline, a bearish continuation is now in play aiming at 1721 and 1687
The third continuation wave should bring the price lower to these levels.
Short position can be taken between 1829 - 1845 $
TP1 1721 $
TP2 1687 $
SL = 1D close above 1880 $
Risk/Reward = 2.9
GOLD / Consolidation Near Resistance Ahead of Year-End MovesGold Technical Analysis
The price is about to reach the resistance line which is 2636 and then will consolidate between 2636 and 2620 until a breakout occurs.
If the price breaks above 2638 with a 4-hour candle close, it signals a continuation of the bullish trend toward 2653.
Conversely, stability below 2620 could drive the price down to 2605.
Key Levels:
Pivot Point: 2628
Resistance Levels: 2636, 2645, 2653
Support Levels: 2620, 2605, 2591
Trend Outlook:
Bearish below 2620
Bullish above 2623
Boldly short goldBros, gold has shown a strong rebound within the lower timeframes, surging from 2605 to 2615. While the momentum of the rebound appears strong, it has failed to break through the resistance zone of 2618-2625. This suggests that gold may be depleting bullish momentum within the short-term cycle through accelerated upward movements. From a technical perspective, this could also be a potential bull trap, enticing traders to go long on gold.
Therefore, avoid chasing gold during this rebound. As I mentioned in my previous article, you can use the 2618-2625 area as resistance and start shorting gold above 2615. Just now, gold rebounded above 2615, giving us a second opportunity to short gold. Once gold consumes the bullish momentum to a certain extent, it will retest the 2600-2590 zone again, or even 2580 level. Let’s wait and see how this plays out!
Bros, have you joined me in shorting gold? If you want to learn more detailed trading strategies and receive additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profits into a source of enjoyment!
XAUUSD Sell limit orderWe've got 104 pips of profit from the previous Idea, but I think it is possible to touch this level and grab the liquidity and then go down.
Lets see what happens...
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Scalping XAU ! Gold price sideways end of 2024⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
On Thursday, Russia's Federal Security Service reported it had prevented several assassination attempts by Ukrainian intelligence aimed at senior Russian officials and their families in Moscow. According to Reuters, the agency revealed that the attacks were to be carried out using bombs concealed in items like power banks or document folders.
Meanwhile, the Federal Reserve indicated a more cautious approach to rate cuts in 2025, reflecting a shift in its monetary policy direction. This adjustment underscores uncertainties about future economic policies, particularly with the incoming Trump administration's anticipated strategies.
⭐️Personal comments NOVA:
The year-end market is mainly accumulating, selling pressure is quite strong. Waiting for large liquidity zone to set up SELL signal
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2622 - $2624 SL $2627 scalping
TP1: $2618
TP2: $2613
TP3: $2605
⭐️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
Short gold, aiming for 2600-2590Bros, gold rebounded after touching 2596 overnight, and has now rebounded to 2617. Although gold has gradually recovered, the momentum behind the rebound appears notably weak, leaving the sustainability of the recovery uncertain. Furthermore, despite the rebound from the 2596 level, there are no clear signs of bottoming out, which suggests that gold currently lacks the conditions for a trend reversal. This movement is likely just a correction to the sharp decline from yesterday, making it highly probable that gold will retrace after the rebound and retest its support levels.
In the short term, resistance is concentrated in the 2618-2625 range. If the rebound lacks the momentum to decisively break above this resistance, gold is likely to retest the 2600-2595 support zone. Should this zone be breached, the downtrend could extend further to the 2585-2580 range.
For short-term trading, I have entered a short position on gold at a price of 2615.62, using the 2618-2625 range as resistance. I anticipate that gold will once again test the 2600-2595 region. As for whether gold will extend its decline to the 2585-2580 zone, let’s wait and see!
Bros, are you optimistic about the continued decline of gold? 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!
xauusd market target 2685?Here's a summary of your XAU/USD trade plan:
Trade Plan
- Entry Point: Currently waiting for entry (please confirm entry point)
- Target: 2585
- Stop-Loss: 2617
Market Analysis
The XAU/USD is experiencing a bearish trend, driven by a strengthening US dollar and decreasing investor sentiment.
Technical Analysis
- RSI Indicator: The Relative Strength Index (RSI) is below 50, indicating a bearish momentum.
- Moving Averages: The 50-day moving average is trending downwards, supporting the bearish view.
- Resistance Levels: The resistance levels at 2617 and 2625 could provide a selling opportunity in case of a bounce.
Risk Management
- Risk-Reward Ratio: Your risk-reward ratio is approximately 1:1.9, which is relatively conservative.
- Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size.
Trade Progress
Please confirm your entry point to start tracking your trade progress.
Stay disciplined and stick to your trade plan. Good luck!