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XAUUSD ANALYSIS (READ CAPTION)Hello traders Hope everyone is okay here's my idea on XAUUSD, what you think on it? share your thoughts on it in comment section with your knowledge. XAUUSD has finally break the parallel channel and now it has came back to retest the parallel channel's upper line and it has also going for bullish so let's go with the trend. It is now possible that gold can reach the resistance and if it break it then will reach to the mentioned target. if gold give fake breakout then I have given a pivot area if it break this then the next target of gold is identified in chart.. Key Points Current price 2750.00 Resistance zone 2758.00 Pivot area 2742.00 Target area 2775.00 Feel free to boost my charts and don't forget to follow support and share my idea with your friends
OANDA:XAUUSD
by Alexander_Emin
1
"XAUUSD Rising Channel with Breakout Potential"This chart represents a rising channel pattern for XAUUSD on a lower timeframe. Key details include: 1. Ascending Channel: The price is consistently moving within the defined upward-sloping parallel trendlines. 2. Breakout Zone: The target level appears to be around 2,781.139, where the price may potentially break above the channel. 3. Current Price: XAUUSD is trading at approximately 2,754.565, slightly below the upper boundary of the channel. 4. Bullish Momentum: The trend indicates strong buying pressure, suggesting a potential continuation toward the resistance level. This setup highlights a bullish bias, with a breakout confirmation necessary to sustain the upward trend.
OANDA:XAUUSDLong
by SOPHIA_06
2
GOLD climbs up after Trump Speech last night?GOLD sees last All Time High as Trump speech last night. He said that inflation must be in cooling condition. Now the sentiments are positives for this non-yielding assets and buyers still in control. Next big moment that traders should care is FOMC in the end of January. If FED still hold it's decision in last FOMC and keep high rates, GOLD price could be pressed and turn back to downtrend. Technically, GOLD already break it's last swing high in H4 timeframe and now see 2780-2782 as the resistance based on fibonacci external retracement. If GOLD still climbs up, it will be go to the ATH before correction back to around 2720-2750. Just insight, trade wisely and don't forget to set stop loss.
SAXO:XAUUSDLong
by vicariuzchrist
Gold Market Analysis and Trading RecommendationsGold faced some negative pressure at the start of the week, testing the support line of its ascending channel. Today, providing additional strength to prevent a deeper correction. It is worth noting that the fundamental analysis indicates positive momentum, suggesting that there is potential for further upside in the near term. Given the current technical setup, it is reasonable to expect gold to continue its positive trend in the coming sessions. The next support is identified at $2,761 first area, so, with the broader bullish scenario continuing as long as prices remain above the $2,770 support level. There could be some dip below this level to a short-term bearish correction, but the overall market trend remains constructive for gold buyers. For today, traders can expect gold to trade within a range between $2,749 (support) and $2,790 (resistance). If the metal can hold above the support level and maintain its bullish stance, it is likely to push towards the upper end of this range in the near future. Trading Recommendations Buy Gold 👑
VANTAGE:XAUUSDLong
by chihaaymen
XAU/USD Elliott Wave Analysis: Eye on the Powerful Wave 3OANDA:XAUUSD XAU/USD: Elliott Wave Analysis: Eye on the Powerful Wave 3 Capitalizing on Wave 3 Elliott Wave Analysis Upon inspecting the Gold Spot (XAU/USD) chart: Wave Count: It appears that the market is currently in the middle of an impulse wave. We are likely in wave three (the most powerful and extended wave), which is typically the most lucrative wave for trading. Current Structure: The market previously completed waves 1 and 2. Wave 3 is in progress, potentially subdividing into smaller impulsive waves. Fibonacci Levels: For wave 3, the Fibonacci extension levels 1.618 and 2.618 are critical for take-profit targets. For wave 4, a retracement back to Fibonacci levels 0.382 or 0.5 is probable. Wave 5 should also consider the 0.618 extension for future movement. Buy Strategy Entry: After the completion of wave 4 retracement (around Fibonacci levels 0.382 or 0.5). Take Profit 1 (TP1): Fibonacci extension level 1.618. Take Profit 2 (TP2): Fibonacci extension level 2.618. Stop Loss (SL): Below the start of the current impulse wave (wave 4). Sell Strategy Entry: After the completion of wave 5, when a new corrective wave is expected to start. Take Profit 1 (TP1): Fibonacci retracement level 0.382. Take Profit 2 (TP2): Fibonacci retracement level 0.5. Stop Loss (SL): Above the recent high. VIP Signal Buy Signal: Entry: 2740 TP1: 2784 (440 pips) TP2: 2835 (950 pips) SL: 2720 (200 pips) Sell Signal: Entry: 2840 TP1: 2800 (400 pips) TP2: 2750 (900 pips) SL: 2860 (200 pips) This analysis incorporates Elliott Wave principles, Fibonacci levels, and key indicators displayed on the chart to provide a comprehensive trading strategy. Happy trading! Follow @AlexGoldhunter for Latest Ideas and Minds
OANDA:XAUUSDLong
by Alexgoldhunter
USOIL POTENTIAL TRADE SETUP📢 Quick Market Update: EIA Report on FX:USOIL Crude Oil The EIA Crude Oil Stocks Change report is out, and it caught everyone off guard! The actual figure came in at -1.017M, significantly higher than expected. This is negative for Crude, signaling potential lower prices ahead. If you caught our last WMA announcement, you’re already prepared for this scenario. Based on the report: 🔹 Expect Crude to decline toward $73 support. 🔹 A potential bullish recovery could follow, aiming to break above the yearly descending triangle formation on the chart. 💡 Key Notes: No open trades currently. The fakeout is confirmed, so a dip towards yearly support strengthens confidence in our potential BUY trade. For now, stay put and let the market settle. 📈 Once we confirm a bullish reversal or continuation, we’ll look to go long. Remember, the overall market trend remains bullish, so stick to the trend and trade smarter, not harder! Stay tuned for further updates! 🚀
FX:USOILLong
by niclaxfx
Gold – Approaching All Time Highs AgainGold has risen for 3 weeks in a row to start 2025, leading it back to a 2 month high at 2763 and more importantly only 1.5% away from its October 2024 all time high of 2790. While Gold prices have been underpinned by on-going demand from global central banks, namely China, its attraction as a safe haven against uncertainty surrounding the path of inflation, a weaker global economy, higher government spending and geo-political risks have kept it at the forefront of many investor portfolios. This recent push to the highs has been in response to President Trump's outlining of potential trade tariffs on China, Canada, EU and Mexico across the week. While it is unsure whether these are merely threats or he will actually follow through with his plans, the mere potential has been enough to keep Gold in demand, for now at least. With that in mind, it is important to remember that Gold has been to these levels before and reversed lower, so there is no guarantee of a retest or break to new upside levels. Excessive long positioning, further dollar strength or a shift in market expectations away from Fed interest rate cuts in 2025 could be enough to see an unwind back to the downside. Technical Outlook: Bollinger Bands We often emphasise the potential importance of the Bollinger mid-average within a trending market, with it marking support within a positive price trend, and resistance within a downtrend. Therefore, it has been interesting that any weakness in the Gold price was supported by the rising weekly Bollinger mid-average, from which fresh attempts to the upside have resumed. Not only that, the latest price strength has recently broken resistance at 2721 which was the late November 2024 bounce failure high, which may in time lead to a more extended advance. Much clearly depends on future price trends, but the latest upside appears to maintain what is a pattern of higher highs and higher lows, in place since the September 2022 downside extremes at 1615. Potential Resistance: All Time High The next resistance focus for traders, could now be 2790, the October 2024 all-time high, which having held and reversed previous price strength, may be able to do so again. As such, the closing defence of this key level is watched, as it could offer clues to the next direction of possible price moves. Just because breaks of previous all-time highs have seen further upside in the past, is no guarantee it will do so again, but successful closing breaks above the 2790 resistance may open up scope to higher levels. It is always hard to gauge potential resistance points as prices push to new all-time highs but using Fibonacci extension levels of the latest October to November 2024 sell-off, may offer some insight. The 38% extension of this setback stands at 2886, which may provide strong resistance to any further advance, although if that level was to break, then 2945, which is the higher 62% extension may become relevant. Potential Support: Weekly Bollinger Mid-Average In terms of support, it may well still be the rising weekly Bollinger mid-average, which is important. This currently stands at 2664, so any dips in price may consolidate around this level. However, this giving way on a weekly closing basis, may suggest the recent upside strength is under pressure, with possibilities for a more extended phase of price weakness. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
Gold price fluctuates and rises continuously The gold price hourly level shows an upward channel, and the overall oscillating upward trend is maintained. After breaking through the 2720 resistance, the price further increased to the 2760 line, but the upward momentum has weakened. At present, the price has touched the top of the upward channel, showing signs of correction, and may test the 2745 support level in the short term. If it falls below this position, gold may enter a weak correction in the short term, and the downward target may be around 2720. The 2760 line above is the current main resistance. If the price successfully breaks through after adjustment, the gold price is expected to hit the 2800 mark. Overall, gold is still in the adjustment stage of the upward trend. Operation suggestions: Putting up long orders on pullbacks It is recommended to place long orders on dips in the 2740-2746 area, with the target looking at 2760 and 2790, and the stop loss is set at 2735. Short-term short-term test at high levels Low-position short orders are arranged near the 2760 pressure level, with a stop loss of 2768 and a target of 2748-2750. The overall strategy is to go long at low levels and short at high levels, and pay attention to risk control and position management.
FOREXCOM:XAUUSDLong
by RonPeter_Trading
1
XAU/USD 23 January 2025 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 21 January 2025, however, CHoCH positioning has changed, bringing it closer to current price action. Previous analysis has been met. Following price printing bearish CHoCH, price has printed a further bullish iBOS. This has significantly narrowed the internal range. Price did not trade into either discount of 50% or H4 demand zone before targeting weak internal high, however, on this occasion I will remain systematic in my approach and revisit later. Intraday Expectation: Price to print bearish CHoCH to indicate, but not confirm bearish pullback phase initiation. Bearish CHoCH positioning is denoted with s blue dotted line. It would be useful to remember that Daily TF swing and internal range are bullish. 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: Bullish. As per yesterday's analysis, price printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation, however, you will note I have marked the bearish CHoCH and bullish BOS in red. This is because pullback depth was not sufficient as price did not retrace to either discount (or anywhere near) of 50% EQ or M15 demand zone, therefore, I will monitor and continue to reevaluate as price prints. Price has printed a higher high with a further bearish CHoCH. We are now trading within an established internal structure which I will continue to evaluate. Intraday Expectation: Price to trade down to either discount of 50% EQ or M15 demand zone before targeting weak internal high priced at 2,763.435 Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD - Gold Awaits Weekend Data Releases?!Gold is trading above the EMA200 and EMA50 on the 4-hour timeframe and is in its ascending channel. If gold rises towards the channel ceiling and supply zones, we can look for short positions targeting the channel midline. The gold market has kicked off 2025 with one of its best starts since 2023 and is on track to achieve its strongest monthly performance since September. Prices are currently testing the high range near $2,750 per ounce. A fund manager noted that this robust start to January could signal another strong year for the precious metal, even after gold recorded a 27% price increase last year. In his 2025 outlook report, Eric Strand, founder of the precious metals-focused AuAg Funds, projected that gold prices will surpass $3,000 per ounce this year. He stated: “We expect gold to break the $3,000 barrier during the year and possibly reach even higher levels by year-end, with a realistic target of $3,300.” Strand’s bullish target represents a 20% increase from current levels. Strand suggested that the new Trump administration might usher in a period of more accommodative monetary policies and larger government stimulus programs. In his report, he explained: “Both Donald Trump and Elon Musk have built their empires on extensive borrowing while driving forward at full speed. This approach will likely persist for the next four years as governments strive to avoid an economic downturn at any cost to create a positive boom. However, the price of this strategy will be monetary inflation. Such an inflationary boom creates a financial environment where commodity prices, including gold, rise significantly.” As U.S. national debt has reached unprecedented levels, now exceeding $36 trillion, Strand highlighted that the United States is not alone in facing this challenge. He emphasized that governments worldwide continue to increase spending through deficit financing. He noted: “The amount of money circulating in the system is increasing without generating substantial real growth, which naturally means each unit of currency becomes less valuable.” Meanwhile, gold prices remain near all-time highs against major currencies such as the euro, British pound, Chinese yuan, Canadian dollar, and Australian dollar. Gold continues to stand out as a safe-haven global asset as the trend of de-globalization accelerates. Countries are moving away from dependence on the U.S. dollar and diversifying their currency reserves. (De-globalization refers to the process of reducing or reversing global integration, including less free trade, restricted capital flows, reduced interdependence, and a rise in nationalist and local policies.) Strand stated: “We have seen the beginning of de-globalization, and it appears to be gaining momentum, particularly as the U.S. seeks to impose conditions that serve its own interests. Policies such as ‘America First’ and high tariffs may benefit the U.S. economy, but they also undermine trust in the country as a leader in free-market economies.” He added: “This new phenomenon is likely to create inflationary pressures and may lead to waves of currency devaluation in other nations as they attempt to offset the effects of tariffs.”
FOREXCOM:XAUUSDShort
by Ali_PSND