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Gold analysis: oscillating upward, strong trend Recently, gold has shown an overall high-level oscillating upward trend, and the price has shown a strong upward trend at both the daily and hourly levels. Daily level Gold successfully broke through after a period of triangle convergence, and the price slowly rose. It is currently facing pressure from the 2720 line. The overall trend shows that gold is in a strong rebound stage, and the trend continuity is strong. Hourly level The hourly line forms an obvious upward channel. The price fell after hitting the 2724 line, and rebounded after a short-term correction to the 2688 line, touching the lower edge of the channel support. The price continued to pull back in the Asian session, completing a certain technical repair. Key point analysis 1. Upper resistance 2720: It is the current key resistance level. If it can be broken through, it will open up further upward space, and gold is expected to test the 2750 line. 2724: The previous high point, pay attention to the pressure in this area in the short term. 2. Support below 2688-2689: It is an important short-term support area. If this position is lost, gold bulls may enter an adjustment, and the trend may turn weak. The downward targets are 2678 and 2660 respectively. Trading strategy Gold is currently in a strong rebound stage, and the daily and hourly lines form a resonance upward. It is recommended to operate with low-long as the main and high-short as the auxiliary: 1. Low-long strategy: When the callback to the 2700-2703 area is not broken, you can arrange long orders, set the stop loss below 2688, and target 2720 and 2750 after breaking through. 2. High-short strategy: The price hits the 2720-2724 area and is blocked. You can lightly position high-short, set the stop loss above 2725, and target 2705-2700. Risk warning In the short term, pay attention to the changes in the US dollar index and the risk aversion sentiment in the international market. If there is significant negative news in the fundamentals, the trend of gold may deviate from technical judgment. At the same time, you need to be alert to the risk of false breakthroughs, control your positions reasonably, and strictly implement stop losses.
FOREXCOM:XAUUSDLong
by RonPeter_Trading
Is it possible for gold to go up?[/b Hi Dears Merry Christmas. Happy New Year in advance. I think gold is in a good position to buy, meaning I think gold will continue to rise in the next two months. I have identified a very important condition for the gold chart, that if the candles can close above that price and stabilize, there is a high probability of gold growth. Focus all your eyes on that price on the chart and after a certain failure, enter a buy trade with confidence. Considering the beginning of the new year, is it possible that the goals I set for gold will come true?
OANDA:XAUUSDLong
by hamidreza_FX
1
XAUUSD(GOLD) FORECAST (READ CAPTION)📊 XAUUSD (GOLD) FORECAST ✅ Check My XAUUSD (Gold ) Analysis Must Share your Ideas About it . 📊 According to my personal analysis Gold will Bearish More to My Given Targets Points , As you Gold is Not crossing it's Resistance Zone of 2725 it's Touching twice and Didn't Breaks it ,now Gold is Completely Running in Bearish Trend There is a Support of 2683 If Gold Breaks it ,it can Further Falls to My Given Target of 2656 Focus on it . 📊 Key Highlights. ✅Resistance Zone!! 2725 ✅Support Zone. !! 2683 🎯Technical Target!! ●2660 ●2656 📌Guys Like ,Comments and Share your Feedback in Comments Thanks
FOREXCOM:XAUUSDShort
by ALLEYPROFESSIONALS
47
#XAUUSD 4HXAUUSD (4H Timeframe) Analysis Market Structure: The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating a potential shift in market sentiment toward the downside. This bearish candlestick pattern reflects strong selling pressure overpowering buyers at this level. Forecast: A sell opportunity is anticipated as the sell engulfing pattern suggests further bearish momentum. The price may continue to move lower toward nearby support levels. Key Levels to Watch: - Entry Zone: Near the engulfing area after confirmation of sustained selling pressure. - Risk Management: - Stop Loss: Placed above the high of the engulfing candlestick to manage risk. - Take Profit: Target the next support levels or significant price zones below for potential downside objectives. Market Sentiment: The sell engulfing pattern at a resistance level signals bearish sentiment, with sellers likely to maintain control in the short term. Proper confirmation is recommended before entering the trade to ensure alignment with market conditions.
OANDA:XAUUSDShort
by PIPSFIGHTER
XAUUSD TARGETHey traders! I am excited to share my latest target for XAUUSD. This setup includes a clear entry point, stop loss, and take profit target, designed for bullish breakout scenario. XAUUSD has reached the resistance level and then give rejectionfrom there and now it is possible that gold can fall in high impact and will touch my mentioned target. KEYPOINTS ENTRY 2710 TP 2680 SL 2725 Feel free to follow me and boost my charts if you find this target useful. lets trade smarter together!
OANDA:XAUUSDShort
by Fxjohny125
UPDATE ON XAU/USD SS ANALYSISXAU/USD 1D - Well as you can see price has played out perfectly to the analysis provided on this weeks Sunday Sessions video, we have seen price respect the area of Demand. Demand was then introduced which then continued to trade price higher, continuing the bullish structure to the upside, we now want to see price react well to the Supply Zone we have marked out above. This trade is currently running + 167 pips. (+1.8%) 1.8RR I personally did not place this position as it was early hours this morning when this trade was validated and traded into this zone however the zone was provided and the path was given for this trade to be placed. Well done to those of you who either placed a pending order or jumped in on this market, if you have any questions with regards to this analysis drop me a message or comment below.
FOREXCOM:XAUUSDLong
by Lukegforex
1
MNQH Continued Bullish Run On Friday price made a nice Bullish run that took out the PDH from the previous two days and price closed above the D LV and D SIBI. Currently we have price wicking off the D LV and has traded higher cutting through the MT level of the -OB. If price can stay above that MT level then I can see price going higher and taking out the PDH from Fri Jan 17 2025 at 21680.00 and then eventually target the PDHs from January 6th and 7th. So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
CME_MINI:MNQH2025Long
by ProphetTheTrader
XAUUSDResistance Zone (Red Box at the Top): The highlighted red area at the top represents a resistance zone. This is where the price has previously struggled to move higher and has reversed multiple times, indicating strong selling pressure at this level. Support Levels (Horizontal Red Lines Below): There are multiple horizontal red lines drawn below the price, which indicate support levels. These levels are where the price has previously found buying interest, preventing it from falling further. Current Price Action: The price trades near the resistance zone (around 2,703–2,712), showing consolidation or hesitation to break higher. A rejection from this level could lead to a retracement toward lower support levels. Trend Direction: The overall trend appears to be bullish as the price has been forming higher highs and higher lows from the left-hand side of the chart (mid-November). Key Levels: Resistance: Around 2,710–2,720 (area of strong selling pressure). Support: Levels such as 2,680, 2,660, and lower levels are marked on the chart. Market Sentiment: The chart indicates that bulls are attempting to increase prices, but sellers are actively defending the resistance zone. A breakout above this zone could indicate further upward momentum, while rejection might lead to a pullback. Specific Signals to Watch Bullish Buy Signal: A breakout above 2,710–2,720 with strong candles. A dip to 2,680 or lower with clear rejection candles. Bearish Sell Signal: Rejection at 2,710–2,720 with bearish candles. A breakdown below 2,680 with no signs of recovery. To determine the ideal times to buy or sell based on this chart, you can use the following guidelines: Buying Opportunities On a Pullback to Support Levels: Look to buy near support zones (e.g., 2,680, 2,660) where the price has shown previous buying strength. Confirmation: Wait for bullish reversal candlestick patterns (e.g., hammer, engulfing candles) or signs of increased volume. On a Breakout Above Resistance: If the price breaks above the resistance zone (2,710–2,720) with strong momentum (e.g., large green candles, high volume), it could signal continuation of the uptrend. Consider buying after the breakout and on a retest of the broken resistance (now support). Trend Following: Since the overall trend appears bullish (higher highs and higher lows), you could look for buying opportunities on dips in the uptrend. Selling Opportunities At Resistance Zones: If the price reaches the resistance zone (2,710–2,720) and starts showing bearish rejection patterns (e.g., shooting star, bearish engulfing), consider selling, expecting a pullback. This is a counter-trend trade, so it carries higher risk. On a Breakdown of Support: If the price breaks below a key support level (e.g., 2,680), it may indicate further downside. Consider selling after the breakdown and on a retest of the broken support (now resistance). Trend Reversal: If the price forms lower highs and lower lows or breaks below critical support zones, it may signal a trend reversal to bearish, presenting selling opportunities. Specific Signals to Watch Bullish Buy Signal: A breakout above 2,710–2,720 with strong candles. A dip to 2,680 or lower with clear rejection candles. Bearish Sell Signal: Rejection at 2,710–2,720 with bearish candles. A breakdown below 2,680 with no signs of recovery. Risk Management Stop Loss Placement: For buying trades, place your stop loss slightly below the most recent support. For selling trades, place your stop loss slightly above the resistance zone. Take Profit: For buys, aim for levels slightly below the next resistance. For sells, target levels slightly above the next support. Risk-to-Reward Ratio: Always aim for a minimum of a 1:2 risk-to-reward ratio to ensure profitability over time.
PEPPERSTONE:XAUUSD
by Dee9549
CL Bullish and Bearish Plays for the WeekBULLISH PLAY (IMMEDIATE POST-CPI TRADE ONLY) *VALID ONLY TODAY FOLLOWING CPI NEWS RELEASE* Entry Conditions: - Wait for sell-side liquidity raid near 77.20 during CPI volatility - Look for deep retracement as entry opportunity - Confirm failed breakdown with reversal into trading range Target: July 2024 high (79.67 area) *This bullish setup expires at end of today's session - do not take this trade after today's CPI volatility settles* Note: The bullish scenario is specifically designed to capitalize on potential CPI news volatility today only, while the bearish scenario is structured as an end-of-week trade setup. BEARISH PLAY (END OF WEEK TRADE) CRITICAL REQUIREMENT: - 77.20 sell-side liquidity MUST remain INTACT for trade to be valid Entry Conditions: - Wait for upward expansion following CPI news - Time entry for end-of-week (Thursday/Friday Ideal) selling pressure - Look for market structure break as entry trigger - VOID if 77.20 gets raided Target: 77.00 area
NYMEX:CL1!Long
by LiquidityTracker
Crude Oil - Moving to light resistance, so we can move up?Hi guys, we are looking into Crude Oil today again, looking into retesting the weak resistnce level which was recently formulated, we have a slight Ascending Channel which has been formulated looking to break it, then we will see what would be next Entry: 77.50 Target 78.60 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
NYMEX:CL1!Long
by DG55Capital