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XAUUSD: 10/12 Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2580 Four-hour resistance 2683-2700, support below 2643-37 Gold operation suggestions: In the Asian market on Tuesday, gold fluctuated in a narrow range, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, as the People's Bank of China resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. China's resumption of purchases may support investor demand in the country. In 2023, China was the world's largest official buyer of gold, but the People's Bank of China suspended purchases for 18 consecutive months in May. Strong buying by central banks is also a major support for gold's record gains this year. Another factor to note is the outlook for monetary easing by global central banks. The US November NFIB Small Business Confidence Index will be watched today. The market expects it to be bearish for gold prices, but before the release of this week's heavyweight data such as CPI, any data will have limited impact, and continue to operate based on the current technical aspects. From the current 4-hour trend analysis, we focus on the 2683-2700 line pressure on the top, and the 2654 line short-term support on the bottom. In terms of operation, we maintain the main tone of going long. At present, the 2637-2627 weekly and daily support levels have been supported. We continue to be bullish and are expected to reach the 2700 mark this week. BUY:2660near BUY:2654near (Just go long on dips, not necessarily according to my points, as long as you do it above the daily and weekly support)
TVC:GOLDLong
by ActuaryJ
Here’s why gold exploded, trading strategiesIn the Asian market on Tuesday, gold fluctuated in a narrow range and is currently trading around 2667, holding most of the overnight gains. Gold prices hit a two-week high of 2676 on Monday, climbing more than 1%, because the Chinese central bank resumed buying gold after a six-month hiatus, and expectations of a rate cut by the Federal Reserve next week also increased bullish sentiment, and the geopolitical situation also boosted safe-haven buying demand. It should be reminded that the US dollar index and US Treasury yields rose slightly, which made gold bulls still cautious. The price of gold is still in a range of nearly two weeks. Before the release of US CPI data on Wednesday, gold may still maintain a volatile trend. This trading day will also usher in the Reserve Bank of Australia's interest rate decision, and investors also need to pay attention. Gold surged and fell back in the late trading. It is expected that today it will be corrected before it can further test the sideline and upper line again. From the channel point of view, this wave of rebound has not shown a signal of turning bearish in the daily chart, so it is still a priority to buy at a low price! The daily support is around 2644. However, the support in the Asian session is around 2654! Under the stimulation of risk aversion, gold finally fluctuated upward. Yesterday, gold rose to 2676 in the US market and fell back in the short term. Gold fell as expected, but the decline in gold was not large. Bulls began to accumulate momentum to rise. Gold fell back in the Asian session and went long! Gold crossed the 1-hour moving average. If all the moving averages diverge upward, then gold still has room to move upward. The 1-hour moving average support of gold moved up to the 2644 line. Gold can enter the market near 2654 first. First support: 2654, second support: 2644, third support: 2632 First resistance: 2676, second resistance: 2688, third resistance: 2700 Trading strategy: BUY: 2652-2654 SELL: 2676-2678
TVC:GOLDLong
by Jun-GoldAnalyst
Targeting 2687 After Solid GainsToday, after buying near 2658, we reached our target of 2666-2673 and made a good profit. The market then pulled back, releasing some selling pressure before returning to around 2670. We still need to watch the resistance at 2673. Based on the current trend, it looks likely to break. Therefore, the next target could be higher, ideally 2687. If the selling pressure is too strong, once the price hits 2680, it's a good point to close the position.
OANDA:XAUUSDLong
by TradingGuide_Dean
XAU/USD 10 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. 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. Today's analysis and bias will remain the same as analysis dated 26 November 2024. Price Action Analysis: Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low. A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low. Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range. Intraday Expectation: Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310. Alternative Scenario: The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds. Note: Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
#XAUUSD 4HXAUUSD 4-Hour Analysis The XAUUSD pair has formed a bearish engulfing candlestick pattern on the 4-hour chart, indicating strong selling pressure. This pattern suggests a potential downside move, especially if the price breaks below nearby support levels, confirming the bearish sentiment. Technical OutloOK Pattern: Sell Engulfing Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position after confirmation of further bearish momentum, such as a break below immediate support. Traders should watch for continued selling pressure supported by indicators like RSI or MACD showing bearish divergence. Proper risk management is crucial, with stop-loss orders placed above the high of the engulfing candlestick. Profit targets can be set at the next key support zones for optimal returns.
OANDA:XAUUSDShort
by PIPSFIGHTER
xauusd toady target 3674Here's a summary of your updated XAU/USD trade plan: Trade Plan - Entry Point: Currently trading at 2616/2635 (assuming you're already in the trade) - Target: 2674 - Stop-Loss: 2614/2612 Market Analysis The XAU/USD is experiencing a bullish rebound, driven by a weakening US dollar and increasing inflation concerns. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 50, indicating a bullish momentum. - Moving Averages: The 50-day moving average is trending upwards, supporting the bullish view. - Resistance Levels: The resistance levels at 2674 and 2685 could pose a challenge to the upward movement. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.4, which is relatively aggressive. - Position Sizing: Make sure to adjust your position size according to your risk tolerance and account size. Stay disciplined and stick to your trade plan. Good luck!
OANDA:XAUUSDLong
by Geroge_Fx
Gold Trends Forecast December 10🤑Gold Trends Forecast December 10 • Gold prices rose to a two-week high on Monday (December 9), gaining more than 1% as China's central bank resumed buying the precious metal after a six-month hiatus, with optimism growing on expectations the US Federal Reserve will cut interest rates next week. • "The most important factor is the news that the People's Bank of China (PBOC) announced that it is resuming gold purchases... the market is hoping that we can see other central banks follow suit and we can see a continuation of the record buying," said Bart Melek, head of commodity strategy at TD Securities. • The US Federal Reserve (Fed) has started its interest rate easing cycle with a 0.5% cut in September 2024, followed by a 0.25% interest rate cut in November 2024. Investors are currently predicting an 87% probability that the Fed will continue to cut interest rates by 0.25% at the meeting on December 17-18. However, if the Fed pauses and the fundamental messages become cautious, this will cause some temporary pressure on gold prices. 🥰Technical analysis: • Gold broke the downtrend in the h1 frame, breaking through the accumulation sw border, although it has not closed the previous day's candle at 2670, it also shows quite strong buying power. • Expect Fibo 0.5 – 0.618 to buy back 🕯 Trading plan: 🔼Buy Gold: 2652 – 2650 SL: 2648 TP: 2656 -2662 – 2674 If SL this order buys back 🔼Buy Gold: 2645 - 2643 SL: 2640 TP: 2656 -2662 – 2674 – Open 🔽Sell Gold: 2686 – 2688 SL: 2692 TP: 2679 - 2660
OANDA:XAUUSDLong
by KevinNguyen-SimpleTrade
XAUUSD, Swing Trade, Long👋Hello Traders, Our 🖥️ AI system detected that there is an 1D timeframe ICT Long setup in XAUUSD for session trade (a couple of days) Here is a swing trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
OANDA:XAUUSDLong
by ICT_Trader_SB
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time. Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations! Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold! Bros, have you followed me to short gold? So how do you trade gold next?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:XAUUSDLong
by Trader_Marvin
High-level shock and callback strategyGeopolitical Tensions Drive Short-Term Gold Rally – Strategic Approach for the Next Move In recent sessions, geopolitical tensions, particularly Israel's military actions in Syria, have spurred risk-off sentiment, driving gold prices higher in early trading. However, despite the short-term surge fueled by geopolitical risks, gold prices have failed to break above last week's key resistance level at 2655. Given that gold is currently trading at historical highs, a correction or consolidation at these levels seems likely. We believe this rally is primarily driven by short-term geopolitical risk factors, rather than fundamental support. Once the market has priced in these risks, gold prices are likely to undergo a pullback, creating more favorable conditions for a long position at lower levels. Today's Strategy Recommendations: Short Strategy at Key Resistance: If gold rises above 2655, consider implementing a short position. If the price breaks above 2660, additional short positions can be added, anticipating downward pressure in the near term. Wait for Pullback to Enter Long: It is recommended to wait for a price pullback to a suitable support level before considering a long position. Exact entry points will depend on market reactions and technical signals. Disclaimer: This analysis is for informational purposes only. All trades should be executed with strict risk management in place, avoiding over-leveraging and ensuring capital protection.
OANDA:XAUUSDShort
by Falcon-Training-Camp
XAU/USD 09 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. 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. Today's analysis and bias will remain the same as analysis dated 26 November 2024. Price Action Analysis: Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low. A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low. Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range. Intraday Expectation: Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310. Alternative Scenario: The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds. Note: Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD: 9/12 Market Analysis and StrategyTechnical analysis of gold Daily resistance 2700, support below 2580 Four-hour resistance 2654, support below 2627 Gold operation suggestions: Gold's technical side last Friday was slightly higher under the influence of the positive NFP data, and it was under pressure from the 2643 mark, and then fell under the shock. It finally closed below the 2640 mark and showed weak shocks. Today's Asian session slightly jumped high and pierced the 2647 line, and then fell under the degree of suppression and shock. In the short term, the gold price suppressed the recent weak shock consolidation trend below the 2660 mark. From the current 4-hour line trend analysis, we focus on the 2654 line pressure above, and the 2637-2627 line short-term support below. In terms of operation, we will continue to participate in the trend. At present, the 2637-2627 weekly and daily level support below has been supported, and we can continue to be bullish. BUY:2637near BUY:2627near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Pay attention to the trading range of 2625~2657Weekend news shows that the People's Bank of China has increased its gold holdings by 160,000 ounces again after six months. After more than 13 years of civil war, Syrian opposition forces seized control of the capital Damascus on Sunday. The martial law crisis in South Korea continues to ferment. In the short term, bullish opportunities have increased. On the one hand, the market will continue to pay attention to news related to the geopolitical situation, but more attention may be focused on the US November CPI data to be released this week. Investors need to pay attention to changes in market expectations. Although the situation in Syria may boost safe-haven buying in the short term, it should be noted that the conflict between Russia and Ukraine and the conflict between Israel and Hamas may usher in a ceasefire, which may suppress the trend of gold prices. The MA10/7-day moving average of gold still remains flat, the price is running above the middle track of the Bollinger Band, and the RSI indicator continues to adjust the central axis. The Asian session opened high and touched 2648, and the Bollinger Bands on the hourly chart also closed. It is expected to continue to fluctuate widely at the beginning of the week. Intraday trading will first look at the 2625/2657 range adjustment, and short-term thinking game of selling high and buying low. The risk aversion sentiment of gold rose over the weekend, but the rise of gold did not continue. It continued to rise and fall, so it is still difficult for gold bulls to stir up big waves. Wait for the rebound to continue to short. Gold continued to fluctuate in 1 hour, and the moving average still crossed downward and diverged. Gold has not broken through 2657 under the risk aversion situation, so gold will continue to short at highs below 2657. First support: 2625, second support: 2616, third support: 2603 First resistance: 2657, second resistance: 2668, third resistance: 2677 Trading strategy: According to the first resistance/support, sell high and buy low in the range of 2625~2657. The focus above is 2668.
TVC:GOLDShort
by Jun-GoldAnalyst
1
XAU/USD 09-13 December 2024 Weekly AnalysisWeekly Analysis: Swing Structure -> Bullish. Internal Structure -> Bullish. Analysis/Bias remains the same as analysis dated 01 December 2024. Price Action Analysis: In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks. Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range. Price is anticipated to trade down towards either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high. Note: It is highly unlikely price will "crash" as many analysts are predicting. My view is this is merely a corrective wave of the primary trend. Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings. Weekly Chart: Daily Analysis: -> Swing -> Bullish. -> Internal -> Bullish. Analysis/Bias remains the same as analysis dated 01 December 2024 Price Action Analysis: Price has shown a reaction from discount of internal 50% EQ. Currently price has been unable to target the weak internal high Given the current internal range dynamics, price is expected to target weak internal high, priced at 2,790.170 However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Price has yet to tap into Daily demand. Note: With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action. Daily Chart: H4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Bias/analysis remains the same as analysis dated 25 November 2024. Price Action Analysis: As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed. Currently, price is trading within an established internal range. Intraday Expectation: Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420. 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:
OANDA:XAUUSD
by Khan_YIK