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GOLD trade ideas

GOLD Going to the level of 2269$ GOLD Going to the level of 2269$ Gold-price may fall a bit and then bounce back to the $2690 level Recently, the price started falling from the resistance line, breaking the $2690 level, and fell to $2535 points, breaking the $2605 level too. Price then turned around and started rising inside a wedge where it broke the resistance line and soon reached the $2605 level. The price exceeded this level and rose to the resistance line of the wedge and then made a correction to the support level. Then, the price traded for a while and then fell to the support line of the wedge, after which it made an upward momentum. Gold went up to the wedge resistance line, violating the $2690 level, but it recently turned around and fell to the support line. Now, I think gold may fall below the wedge support line a bit and then bounce to the $2690 level.
OANDA:XAUUSDLong
by Trade_Hive_Signals
Gold Price Analysis December 16Fundamental Analysis Expectations of a hawkish Fed rate hike next week boosted the US dollar and US Treasury yields on Wednesday, leading to a corrective pullback in gold prices from multi-month highs. US President-elect Donald Trump's tax plan will add to inflation and delay the Federal Reserve's easing policy. Technical Analysis Gold is in a strong bearish channel with 2636 being the first target of the downtrend and 2626 the next. The recovery to be considered a trend reversal only when gold closes above the 2691 area. Gold is still considered a downtrend if it faces the 2672 and 2691 port areas. Pay attention to price reaction to have the best trading strategy Trading attention zone BUY zone 2626-2624 Stoploss 2620 SELL zone 2673-2675 Stoloss 2678
OANDA:XAUUSD
by TVS-Trader
TRADING STRATEGY FOR DECEMBER 18 XAUUSDGold prices fell on December 17 due to: Stronger USD (+0.1%), making gold more expensive for holders of other currencies. Higher 10-year bond yields, increasing the opportunity cost of holding gold. Key Takeaways from the Fed: A 0.25% rate cut is expected on December 18, but the likelihood of further cuts in January 2025 remains low (only 18%). US Economic Impact: November retail sales exceeded expectations, fueling inflation concerns. This suggests the Fed may pause further rate cuts in January 2025. Gold is strongly supported by important economic data this week. From a technical perspective, after recent sharp declines, gold has shown signs of reversal from the 2633.xx resistance area, rebounding toward 2650.xx. Today's Main Trend: Focus on long-term buy opportunities at strong sell points. Use sell scalping strategies and observe reactions to trade more effectively. INTRADAY TRADING STRATEGY SELL SCALP: Entry: 2661 - 2663 Stop Loss (SL): 2666 Take Profit (TP): 2655 BUY SCALP: Entry: 2634 - 2632 SL: 2629 TP: 2640 BUY ZONE: Entry: 2618 - 2620 SL: 2615 TP: ??? SELL ZONE: Entry: 2672 - 2674 SL : 2677 TP: 2664
PEPPERSTONE:XAUUSDLong
by KevinNguyen-SimpleTrade
XAUUSD Revision Wednesday, 18 December 2024Hello Nation! This is my first post. My intention here is just spend some time to look back at what Gold did today. I will try very best to do this repeated daily. Firstly, i am scalper. I trade using SNR and breakouts method. I would also plan my trades from higher timeframes. But this ‘Revision’ I will just focus on H1 and M15. I am just be sharing my views on what had happened and how i could have navigated the markets with my entries. Let’s start from the market open at 2651. Price went bullish touching the H1 SBR area. It respected that area and pushes down towards the H1 Support. A Strong Bullish reaction from the H1 support, Price return to M15 Box area which i had marked. For me, A rejection from the m15 box is a hint for sell. Usually M1, will be my entry Timeframe. But as i had mentioned, i will only focus on H1 and M15 here. I had marked my 1st sell Position. Risk 30 Pips, TP 100 Pips. Moving down further, the previous H1 support was broken and it became a possible Resistance. Again, I marked the m15 SBR with a box. Wait for price to return into the box area. Similarly like the Previous Sell entry, several rejections can be spotted which can be a strong hint for a sell entry. I had mark the 2nd Sell Position for you to see clearly. Risk 30 PiPs and TP 100 Pips. To conclude, Gold was a beautiful Sell today. I hope you did well for yourself today. Maybe in writing these notes, i get to revise and also improve myself as a trader. Thank you for reading! And Goodbye.
OANDA:XAUUSD
by Mann20pips
2
GOLD corrects in 2 days, still has bullish conditions next weekOANDA:XAUUSD fell as the USD held steady at its highest level in more than 2 weeks. However, the market expects the Federal Reserve will still cut interest rates next week and gold prices still have conditions for a possible increase in price. OANDA:XAUUSD has broken multiple record highs this year, supported by Fed monetary policy, strong central bank buying and safe-haven demand. Traders currently assess a 96% chance that the Fed will cut interest rates by 25 basis points at its December 17-18 meeting. Focus will also be on Chairman Jerome Powell's comments as market participants analyze US monetary policy in 2025, especially given President-elect Donald Trump's tariff plans , is very likely to add to inflation. Central banks often keep interest rates high to curb inflation, thereby increasing the opportunity cost of holding unprofitable gold. Pay special attention to the upcoming Fed interest rate decision The Fed's monetary policy statement next week could be the last major impact for gold this year outside of unforeseen geopolitical surprises. Next Wednesday, the Federal Reserve will announce its monetary policy decision after a two-day policy meeting. The Fed is expected to cut its policy rate by 25 basis points to a range of 4.25%-4.5%. The Fed will also release a revised Summary of Economic Projections (SEP), known as a Dotplot chart. In September, SEP showed that Fed officials' median forecast for the policy rate at the end of 2025 was 3.4%. If the 2025 interest rate forecast is revised downward, i.e. cutting interest rates by more than 100 basis points, it could have a direct negative impact on the Dollar and this would push gold prices higher. Markets will also be closely watching comments from Federal Reserve Chairman Jerome Powell. If Powell takes a cautious approach to further policy easing, emphasizing a gradual approach, the dollar is likely to remain strong as it remains supported by President-elect Donald Trump. On the other hand, the US Dollar will come under selling pressure if Powell expresses growing concerns about the cooling labor market and its potential negative impact on the growth outlook. Data next week Next Thursday, the US Bureau of Economic Analysis will release the final revised data on gross domestic product (GDP) for the third quarter, and next Friday will release the personal consumption expenditures price index (PCE). The economic calendar needs attention next week Monday: Empire State manufacturing survey, S&P flash PMI Tuesday: US retail sales Wednesday: Federal Reserve monetary policy decision Thursday: Bank of England monetary policy decision; US weekly unemployment claims; US Q3 GDP, Philly Federal Reserve Manufacturing Survey, Existing Home Sales Friday: Personal consumption expenditure index (PCE) Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold closed the week in a crucial position for upside as it still has bullish conditions. Specifically, the daily chart still shows that gold prices maintain activity above EMA21 and above the technical level of 2,644 USD. Note to readers in the previous edition. In addition, the Relative Strength Index decreased but stayed above 50, which does not show any negative signals. In the near term, if gold brings price activity back above the 0.50% Fibonacci retracement level, it will have the conditions to recover more to the $2,676 level in the short term, more than the 0.382% Fibonacci level and the original price point. 2,700 USD. Overall, gold still has a bullish outlook. However, a negative situation is likely to appear once gold breaks below the 0.618% Fibonacci level because it will tend to retest the 0.786% Fibonacci level with a price point of 2,591USD. Therefore, open long positions will need to be protected when this situation occurs. In the coming time, the technical chart of gold prices will be noticed by some notable patterns as follows. Support: 2,644 – 2,634USD Resistance: 2,663 – 2,676 – 2,693USD SELL XAUUSD PRICE 2680 - 2678⚡️ ↠↠ Stoploss 2684 →Take Profit 1 2673 ↨ →Take Profit 2 2668 BUY XAUUSD PRICE 2621 - 2623⚡️ ↠↠ Stoploss 2617 →Take Profit 1 2628 ↨ →Take Profit 2 2633
OANDA:XAUUSD
by Xayah_trading
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week. Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news. PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics. Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form. Resistance levels: 2721 Support levels: 2700, 2682 The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? 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
The most accurate trading strategy for goldGold fell sharply again last Friday, hitting a low near 2646 before stopping, continuing the bearish trend of last Thursday. It closed in the form of two large negative lines at the end of last week, and after opening in the morning, it retreated slightly and hit a low of 2643 before rebounding and fluctuating. It is currently temporarily maintaining a volatile situation. Looking at the current trend, the two-day retreat has basically destroyed the previous upward trend. The daily short-term moving average has also formed a suppressive pattern. The previous support level is also likely to be converted into a top and bottom pattern to form a suppressive effect. The operation is still treated as a rebound short. From the 4-hour analysis, the upper short-term resistance continues to focus on the high of 2658-62 in the early morning of last Friday. The intraday rebound relies on this position to continue to be short and look down. Pay attention to the short-term support at 2640 below. The short-term long-short watershed focuses on 2670. Before the daily level breaks through and stands on this position, any rebound is a short-selling opportunity.
OANDA:XAUUSDShort
by ckb6ckb6
XAUUSD:16/12 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2725, support below 2627 Four-hour resistance 2673, support below 2650-27 Gold operation suggestions: Last Friday, the overall gold price was under pressure at the 2692 mark and ushered in a unilateral downward trend of short-seller suppression. The European session fell down and broke through the 2680 and 2670 marks and continued to fall to the bottom, and finally closed at almost the lowest point of the day at 2646. From the 4-hour analysis, today's upper short-term resistance continues to focus on the NY market high of 2673 last Friday. The intraday rebound relies on this position to continue to fall. Pay attention to the short-term support of 2645 below. The short-term long-short strength and weakness watershed focuses on 2627. At the same time, 2627 is the daily level long-short watershed. There is still a long opportunity before the daily level breaks through this position. Today, we will first look at the continuation of the decline. SELL: 2664near SELL: 2673near BUY: 2645near 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:GOLDShort
by ActuaryJ
NEW IDEA FOR GOLD In the 4-hour chart of gold, it can be seen that the price of gold reacted positively at the support level of $2,644 and moved upwards by forming a price bottom. This support level has been well maintained so far, indicating the willingness of buyers to defend this level. If the support level of $2,644 is maintained and the pressure from buyers continues, the probability of the price rising to the important resistance level of $2,717 will be very high. This resistance has acted as an important price ceiling in the past, and its failure could pave the way for further upward movements. On the other hand, the existence of an upward trend line that started from the recent lows indicates the general market tendency for the price of gold to grow in the short term. Technical indicators such as the Ichimoku cloud also show that the price can strengthen its upward trend if it crosses the current resistance and enters the upper range of the green cloud. Therefore, the bullish scenario remains valid provided the support at $2,644 is maintained and the resistance at $2,717 is broken, and further growth in gold prices can be expected.
FX_IDC:XAUUSDLong
by arongroups
Xauusd short positionGold is trading below the trendline. Recently it tried to break up but just met resistance at level 2700 and ended up just forming what is seen to be a double top. Further this completed the first wave of High-Lows. Breaking below the Channel will see the gold weakness continuation. Both monthly abd weekly chart are quite distended that should confirm some pullback. If Trump card has to play out, I expect more weakness of gold towards Trump inauguration as well as post inauguration followed by sideway price action before finally confirming direction.
OANDA:XAUUSDShort
by dks_kenya254
1