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XAU continue SIDEWAY ! long term accumulation ! under 2700✍️ NOVA hello everyone, Let's comment on gold price next week from 12/09 - 12/13/2024 🔥 World situation: Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%. Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5. 🔥 Identify: NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2655, $2666, 2688 Support : $2622, $2605, $2587 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management. Technical Analysis: Daily Chart: • Price struggles below the mildly bearish 20 SMA. • Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend. • Momentum indicators remain neutral, supporting the absence of bullish reversal signs. 4-Hour Chart: • XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA. • The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower. • Indicators are aligned with bearish momentum, suggesting further downside. • Support Levels: $2,626.70, $2,611.35, $2,598.70 • Resistance Levels: $2,643.30, $2,655.00, $2,671.55 Fundamental Analysis: The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data: • ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength. • Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist. • Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD. Trade Management: • Entry near $2,645 with clear rejection signals. • Stop Loss: Placed above $2,659 to manage risk efficiently. • Targets: Initial take profit at $2,622, with a potential extension to $2,610. • Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches. • Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach. 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.
CAPITALCOM:GOLDShort
by AR33_
XAU/USD 06 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 1HXAUUSD Analysis (1H Timeframe) A potential selling opportunity is anticipated near the resistance zone at 2650.00–2646.00, which appears to be a favorable area for sellers. Target Levels: 2624. 2614. 2606. Important Note: If the price closes above 2656.00, refrain from entering sell positions, as this could signal further upside potential. It is advised to avoid placing pending orders at this time. Instead, wait for clear bearish confirmations before executing a trade. Trade wisely!
OANDA:XAUUSDShort
by PIPSFIGHTER
Will NFP give Gold a boost?In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a higher low might be forming. With this in mind, I anticipate the price to continue moving upward today and in the coming days, with a clear breakout above 2650. If that happens, Gold could gain momentum and potentially reach the next significant resistance level around 2680. For now, I’m looking to buy on dips, but I will reconsider this approach if Gold closes the week below yesterday’s low.
OANDA:XAUUSDLong
by Mihai_Iacob
XAUUSD Trade Log - Monthly Swing TradeXAUUSD Swing Long Trade This is a high-confidence swing trade setup with multiple confluences across monthly and daily timeframes. Trade Details : - Risk: 5% of capital - Risk-Reward Ratio (RRR): 1:4 - Entry: Anywhere within the monthly Fair Value Gap (FVG), which has a 90-point range. You may DCA (Dollar Cost Average) into your position for better flexibility, though this is discretionary. - Confluence: Signals align from the monthly down to the daily charts, indicating strong bullish momentum. Macro Factors Supporting Gold Longs : - Safe-Haven Demand: Global geopolitical tensions, including conflicts in the Middle East and Eastern Europe, have driven investors toward gold as a risk-averse asset. - Rising Recession Risks: With several central banks maintaining high interest rates for prolonged periods, economic slowdown fears are rising, further boosting gold demand. - Central Bank Purchases: Central banks worldwide, especially in emerging markets, continue to accumulate gold reserves to reduce reliance on the US dollar. - Inflation Hedging: Persistent inflation concerns make gold an attractive hedge, particularly as real yields show signs of plateauing. - Weakened Dollar Outlook: A potential pivot in US Federal Reserve policy could weaken the dollar, which would likely support gold prices in the medium to long term. This swing trade offers a strong opportunity to capitalize on the current macroeconomic and technical landscape favoring gold's upward momentum. Stay aware of any unexpected fundamental developments that could influence the market.
OANDA:XAUUSDLong
by Fondera
Gold Market Analysis 12/06Gold began to rebound after falling to around 2623. Since the 2635 support has been broken, it has now turned into resistance. Therefore, during the rebound, the first resistance to watch is 2635, followed by 2643. This was the highest point reached during the rebound after the price fell to 2635 today, making it an important resistance level. The next key resistance zone is the 2652-2657 area, where the price has recently encountered resistance. Since tomorrow’s NFP data could have a significant market impact, if the data is bullish, it’s quite possible that gold will rise back above 2650. However, if the data is bearish, the optimal level to consider for support would be around 2608. The prolonged period of consolidation has trapped many positions during today’s downturn, creating significant selling pressure. Therefore, it’s important to be cautious during trading and avoid blindly chasing prices higher. This is an ideal market outlook based on current conditions, but always remember that the market is constantly changing. While you can use this analysis as a reference, it’s important to remain flexible during your trades. Don’t stick to rigid strategies—adjust as the market evolves. If you have any doubts or need further guidance, feel free to reach out to me directly. I’m here to help with personalized advice!
OANDA:XAUUSD
by TradingGuide_Dean
Gold Market Analysis 12/05Yesterday, gold faced resistance near 2657 and pulled back. Now, 2652 is acting as resistance again. If it doesn’t break through, gold may test the support around 2635 again. If that level breaks, the next support zone is between 2628-2623. However, if it breaks above 2657 and holds, gold could rise towards the 2666 resistance level. I recommend trading around these key levels today. With Initial Jobless Claims data coming out, if the market has already chosen a direction before the release, you can trade in the opposite direction based on the trend. This may lead to unexpected profits
OANDA:XAUUSD
by TradingGuide_Dean
XAUUSD Trade LogXAUUSD Buy Signal: Entry within the daily Fair Value Gap (FVG), aiming for a 1:3 Risk-Reward Ratio (RRR) with 1% risk. While there is a conflicting bearish FVG that might obstruct the path to the take-profit (TP) level, the trade setup remains valid and will be executed regardless. Key Details: - Risk: 1% - RRR: 1:3 - Entry: Daily FVG in a discounted zone - TP: Positioned below the bearish FVG to mitigate resistance - Note: Monitor price action near the bearish FVG as it may create challenges for the bullish move.
OANDA:XAUUSDLong
by Fondera
Gold stuck in range. Levels to watch for directionThis week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close. Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout above or below these levels could provide clearer indications of the next move. For now, I am staying out of the market, awaiting further clarification, but I maintain a bullish bias.
OANDA:XAUUSD
by Mihai_Iacob
2
Technical Outlook for Gold Price (XAUUSD) 4/12/2024 Technical Outlook for Gold Price (XAUUSD) On the daily chart, gold remains in a prolonged consolidation phase, with price action mainly hovering around the 21-day Exponential Moving Average (EMA21) and the technical level of 2,644 USD. Although gold has recovered from the previous decline, the overall picture still leans towards a bearish scenario, with the main trend being defined by the price channel (a). Additionally, pressure continues from the EMA21, and the Relative Strength Index (RSI) remains below the 50 mark. These factors create conditions for a bearish trend. As long as gold stays within the price channel (a), its technical outlook remains biased towards a downward trend, and any upward movements should be considered short-term corrections. On the other hand, if gold is sold below the 0.618% Fibonacci retracement level, it could continue to decline towards the next target range around 2,606–2,600 USD. Furthermore, a new bearish cycle would begin if gold drops below the key level of 2,600 USD. For the day, the bearish technical outlook for gold is highlighted by the following key levels: Support: 2,634 – 2,606 – 2,600 USD Resistance: 2,644 – 2,663 USD
OANDA:XAUUSDShort
by Henrybillion
XAU/USD 04 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: Today’s Market Analysis and StrategyGold technical analysis Daily resistance 2700, support below 2580 Four-hour resistance 2653, support below 2622 Gold operation suggestions: Gold rose and fell in the volatile trading yesterday, and was repeatedly pulled. The price of the Asian and European sessions stabilized and rebounded slightly based on the 2634 mark. The European session broke through the 2650 mark and fell into a volatile range. The US session gold price rose again and broke through the 2655 line under pressure and fell, and finally closed at around 2640. From the current 4-hour line trend analysis, we focus on the 2652-2655 line suppression above, and the 2622 line short-term support below. The focus is on the next level of support of 2606-2612, and keep participating in the operation. BUY:2634near BUY:2623near 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
Trading in the 2633~2655 range before ADPGold maintains a wide range of fluctuations, and the range of 2630-2660 is adjusted. The release of news data today will determine whether gold can break the balance, but the rebound of gold is a high-rise fall, indicating that there are still many resistances above, and the rebound in the Asian session continues to be short. The roller coaster has fluctuated back and forth in the past few days, and many people have no idea where to start. Today's ADP is an opportunity, which may break the recent balance and move in the direction. Gold continues to fluctuate in the 1 hour, and the 1-hour moving average of gold continues to cross downward to form a dead cross. If it continues to go down, then gold may open up downward space. Gold rebounded last night and fell under the pressure of the 2655 line of resistance. Gold bulls are still unable to do so. Gold continues to sell at highs below 2655 in the Asian session, and gold rebounds near 2655 and can continue to be short. First support: 2633, second support: 2621, third support: 2605 First resistance: 2652, second resistance: 2662, third resistance: 2675 Trading strategy: 2633~2655 range sell high and buy low
TVC:GOLDShort
by Jun-GoldAnalyst
xauusd target 2661 Here's a summary of your XAU/USD trade plan: Trade Plan - Entry Point: 2642 - Target: 2660 - Stop-Loss: 2633 Market Analysis The XAU/USD is experiencing a strong uptrend, driven by a weakening US dollar and increasing geopolitical tensions. The recent breakout above 2635 has opened up the possibility of further upside movement. Technical Analysis - RSI Indicator: The Relative Strength Index (RSI) is above 50, confirming the bullish momentum. - Moving Averages: The 50-day and 100-day moving averages are trending upwards, supporting the bullish view. - Support Levels: The support levels at 2633 and 2625 could provide a buying opportunity in case of a pullback. Risk Management - Risk-Reward Ratio: Your risk-reward ratio is approximately 1:2.67, which is relatively conservative. - 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
Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold. Bros, are you as bearish on gold as I am? 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
Trading Strategy and Risk ManagementAnalysis: Today, the gold market is experiencing relatively stable volatility, as market participants await the release of key economic data later this week, particularly from Wednesday to Friday. These reports will have a direct impact on gold’s short-term price direction and provide important insights into market sentiment and capital flows in the coming days. Given that the market is currently in a wait-and-see phase, gold prices are likely to remain range-bound in the short term, lacking any significant trend breakout. From a technical perspective, gold is currently facing resistance at the 2650 level and support at 2635. These two levels are likely to define the boundaries of gold’s price fluctuations. Based on this, the trading strategy for today is as follows: Consider establishing short positions above 2650, as gold may face a pullback. Consider establishing long positions below 2640, as there is potential for a price rebound. Add to long positions near 2635, while closely monitoring the effectiveness of the support level. Disclaimer: The above analysis is for informational purposes only. Investment decisions should be based on individual risk tolerance and current market conditions. It is important to avoid blindly following signals or taking large positions, and to strictly adhere to risk management principles to avoid unnecessary risks.
OANDA:XAUUSD
by Falcon-Training-Camp