target 2760 runningTrade Update
XAU/USD Trade
1. _Target Price:_ $2,760
2. _Status:_ TARGET RUNNING
Your XAU/USD trade is currently running towards the target price of $2,760. Keep monitoring the market and adjust your strategy as needed.
GOLD trade ideas
XAUUSD SELLPossible reversal opportunity because of the hourly bearish movement.
Price broke a few structures and started displaying bearish sentiment
2 possible areas of interest we identified, and price reacted to the first one,
Let's see if price reaches profit target
Like and Comment your thoughts
Follow for more ideas and breakdowns
Analysis of the latest gold market trends:
Analysis of gold news: On Monday (January 20) in the European market, spot gold maintained its rebound trend, and the current gold price is around $2,711/ounce; gold traders will focus on the inauguration of US President-elect Donald Trump, whose remarks may cause sharp market fluctuations. On January 20, Eastern Time, US President-elect Trump will hold an inauguration ceremony, and the highlight of the ceremony - Trump's swearing-in ceremony and inauguration speech will be held at 12 noon Eastern Time, when Trump will officially start his second presidential term. The outside world expects Trump's extensive trade tariffs to further stimulate inflation and trigger a trade war, which may increase the safe-haven appeal of gold. Looking ahead to this trading day, gold prices are still facing the risk of two-way fluctuations. The thin market trading during the holiday and speculation around Trump's "first day" executive order may exaggerate the fluctuations of gold prices. The uncertainty of Trump's tariffs and trade policies on the global economy and their potential impact on economic growth are expected to maintain the safe-haven demand for gold. In addition, January 20 (Monday) is "Martin Luther King Day", and the US stock market will be closed for one day.
Gold technical analysis: Gold prices bottomed out and rebounded in the early Asian session, and the low point happened to be at the 2690 line, which is also consistent with the point expected by our professional and senior gold analyst team last week. Gold has opened a deep V rebound pattern with a large amplitude. For now, the early trading directly continued to decline. In the short term, it is expected to retrace the four-hour lower line and the weekly chart gap. The hourly chart is also short-selling. Therefore, for the current market, theoretically speaking, it is definitely a rebound high to short. There is no US market today, so waiting for the rebound to short can only be a slogan. Although the market continues to fall, it is not suitable for chasing shorts. The upper pressure is 2713. If it rebounds to this point during the day, an effective short order can be made. The lower side gradually sees 2690 and 2680, and the strong force directly sees 2650.
The 4th cycle of gold is very obvious. 2725 peaked, Bollinger closed, and after continuous negative closing, the moving average spread up and down. At the beginning of the week, it should at least go to the 2670 support point below. Therefore, this proves that 2680 will definitely break, and the trend this week will definitely Will switch, therefore, to be firmly bearish on gold until the effective expected target is reached. On the whole, our professional and senior gold analyst team recommends rebound shorting as the main operation strategy for gold today, and callback longing as the auxiliary. The short-term focus on the upper side is 2720-2725 resistance, and the short-term focus on the lower side is 2695-2690 support.
Gold trading zones: 21-Jan-2025Today’s Gold trading zones: For educational purposes only, use at your own risk.
BUY XAUUSD (GOLD) - Top down approach explainedTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
#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.
Weekly chart The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week.
The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA).
Gold price eyes acceptance above the key static resistance at $2,726 to extend the uptrend toward the $2,750 psychological barrier. The next target is aligned at the record high of $2,790.
If the correction unfolds, Gold price will find initial demand at the previous day’s low of $2,690, below which the January 15 low of $2,670 will be tested.
GOLD is supported, but watch out for TrumpIn the weekend trading session on Friday (January 17), OANDA:XAUUSD Spot price decreased by 12 USD due to factors such as the recovery of the US Dollar and profit-taking activities of investors, along with some pressure from important technical areas.
TVC:DXY Rising prices have put pressure on gold prices, but with uncertainty over incoming President Donald Trump's policies and markets once again betting on further interest rate cuts, Gold remains in favor. Weakly tilted to the upside as prices broke above the key level of $2,700.
OANDA:XAUUSD hit a new high in more than a month on Thursday, just $65.60 shy of October's all-time high of $2,790.15. Gold prices rose 0.5% this week, the third straight weekly gain, after weaker-than-expected U.S. core inflation data on Wednesday fueled speculation that the Federal Reserve will cut interest rates. capacity many times.
The market expects the Fed to cut interest rates twice before the end of this year, with Fed Governor Christopher Waller saying there could be further interest rate cuts if economic data weakens further.
Trump's policies make the market worried
The market is currently eagerly awaiting Mr. Trump's inauguration on January 20, which is expected to bring challenges to the gold market. Trump's strong rhetoric about supporting US manufacturing through trade tariffs continues to keep the US Dollar Index (Dxy) above 109 points, while also raising concerns about inflation and anxiety about a global trade war.
Aggressive markets will pay close attention to tariffs and fiscal spending policies, as these policies will directly affect economic growth, fiscal deficits and expectations of interest rate cuts by the Fed.
This week has been a pretty quiet data week. However, the event of Trump taking over the White House will be the focus, bringing expected market fluctuations that are huge fluctuations that traders need to pay special attention to.
Economic data to watch out for this week
Monday: US Presidential Inauguration, World Economic Forum Annual Meeting
Thursday: US weekly unemployment claims,
Friday: S&P Flash PMI data, US Existing Home Sales
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold has not yet been able to surpass the 0.236% Fibonacci retracement level, a position that is important resistance for a continued uptrend that readers noticed in the previous issue.
Gold has also decreased and corrected since being under pressure from the 0.236% Fibonacci level, but in general, the downward momentum is not significant with technical conditions still tilting in favor of price increases.
In the coming time, as long as gold remains in the orange price channel, above EMA21 and POC Volume Profile, it still has a bullish outlook. Meanwhile, the up trending RSI maintained its activity above the 50 level, showing that there is still wide room for price growth ahead.
Once gold breaks the 0.236% Fibonacci retracement level it could open a new bullish cycle targeting $2,750 in the short term, more than the all-time high.
The technical uptrend of gold will be noticed again by the following levels.
Support: 2,693 – 2,676USD
Resistance: 2,730 – 2,750USD
SELL XAUUSD PRICE 2741 - 2739⚡️
↠↠ Stoploss 2745
→Take Profit 1 2734
↨
→Take Profit 2 2729
BUY XAUUSD PRICE 2659 - 2661⚡️
↠↠ Stoploss 2655
→Take Profit 1 2666
↨
→Take Profit 2 2671
GOLDGold is expected to enter a strong buying phase as market conditions align with bullish factors. Increased demand, favorable market trends, and economic indicators suggest a potential upward trajectory. Investors are encouraged to monitor key price levels, including support zones and breakout areas, to capitalize on potential opportunities for sustained gains.
XAUUSD WILL GO FOR 2750A simple analysis, just to show you that we have a trendline and some key zones that may need to be respected in order to keep the market bearish.
Gold collapses in wave c with correction as dollar rises to new Gold collapses in wave c with correction as dollar rises to new high
DeGRAM | GOLD correction in the channelGOLD is in an ascending channel between the trend lines.
The price is moving from the resistance level and the upper boundary of the channel.
We expect the correction to continue after consolidation under the dynamic support.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Falling towards pullback support?XAU/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2,690.10
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 2,674.73
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 2,718.81
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold above #2,700.80 benchmarkTechnical analysis: Mixed signals regarding the Intra-day direction on Gold where Price-action entered Neutral belt of #2,700.80 - #2,727.80 on Daily chart where the sequence leans more to the Bullish side, while Weekly (#1W) and Monthly charts remains critically Bearish. Last week's Bullish motion / attempts was rejected near #2,722.80 - #2,727.80 Resistance belt with DX on Selling sequence which confirmed once again how significant mentioned zone is, as well gives me a hint that Investors are not interested in placing any kinds of serious orders ahead of Trump's inauguration, on another hand, market speculators may push Gold Higher in order to achieve most optimal entry point for their Short positions and that's phenomenon alone adds High Volatility on Gold market. However, I am expecting slow pace Rectangle Trading to continue without any meaningful patterns to Trade by as current Price-action could be more or less stationary, even though DX is Trading comfortably near local High’s.
My position: After decent last week, I will remain on sidelines and Trade the break-out. Friday's session didn't had anything special to offer, in addition, if I decide to Trade, I will Trade the break-out. I am confident that #2,700.80 benchmark break will deliver very serious decline on Gold and #2,727.80 Resistance zone will arise Buyers and refresh Bullish Short-term trend on Gold. Keep in mind that ceasefire deal is done and Gold may lose value aggressively anytime. All this above paints very Volatile projection on Gold so Trade with caution. I do however expect to "Buy every dip" as long as #2,700.80 benchmark holds as an Support and psychological benchmark.
Gold above #2,700.80 benchmarkTechnical analysis: Mixed signals regarding the Intra-day direction on Gold where Price-action entered Neutral belt of #2,700.80 - #2,727.80 on Daily chart where the sequence leans more to the Bullish side, while Weekly (#1W) and Monthly charts remains critically Bearish. Last week's Bullish motion / attempts was rejected near #2,722.80 - #2,727.80 Resistance belt with DX on Selling sequence which confirmed once again how significant mentioned zone is, as well gives me a hint that Investors are not interested in placing any kinds of serious orders ahead of Trump's inauguration, on another hand, market speculators may push Gold Higher in order to achieve most optimal entry point for their Short positions and that's phenomenon alone adds High Volatility on Gold market. However, I am expecting slow pace Rectangle Trading to continue without any meaningful patterns to Trade by as current Price-action could be more or less stationary, even though DX is Trading comfortably near local High’s.
My position: After decent last week, I will remain on sidelines and Trade the break-out. Friday's session didn't had anything special to offer, in addition, if I decide to Trade, I will Trade the break-out. I am confident that #2,700.80 benchmark break will deliver very serious decline on Gold and #2,727.80 Resistance zone will arise Buyers and refresh Bullish Short-term trend on Gold. Keep in mind that ceasefire deal is done and Gold may lose value aggressively anytime. All this above paints very Volatile projection on Gold so Trade with caution. I do however expect to "Buy every dip" as long as #2,700.80 benchmark holds as an Support and psychological benchmark.
XAU/USD Analysis: Gold Prices Poised for a New TrendXAU/USD Analysis: Gold Prices Poised for a New Trend
Although today is a public holiday in the US (Martin Luther King Jr. Day), financial markets are unlikely to remain calm, as traders and investors will be closely watching the inaugural speech of Donald Trump, the 47th President-elect, scheduled for 20:00 GMT+3.
Trump's speech could impact gold prices in USD, particularly if it addresses:
→ Monetary policy: With current Federal Reserve rates trending lower, non-yielding assets like gold may become more attractive.
→ International trade: If Trump’s remarks on tariffs are particularly bold, gold’s status as a “safe haven” asset could boost its appeal.
→ The dollar's value: Policies aimed at strengthening the USD and reducing national debt may influence gold prices inversely.
Technical analysis of the XAU/USD chart shows that gold prices are trading within a narrowing triangle:
→ The lower boundary is supported by the ascending channel that began in March 2024.
→ Resistance sits at $2,720 per ounce. Although this level served as support in October, bulls have struggled to break it since December (as indicated by the arrow).
While bullish sentiment dominates the gold market (evident from the orange trend lines relevant for January), Trump’s speech could trigger volatility spikes. These fluctuations may shift the current sentiment balance and spark the formation of a new trend for XAU/USD.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Potential bearish reversal?The Gold (XAU/USD) has reacted off the pivot and could drop to the 61.8% Fibonacci support.
Pivot: 2,717.07
1st Support: 2,633.49
1st Resistance: 2,789.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold Next move after entering into reactangle Zone once again As we saw in last week gold made a rectangle and breakout it H1 and hit 2726 where we seen a fakebreakout of double top in H4 but gold dropped suddenly and breakdown these all levels and again enter into previous rectangle zone now in next move we can see big fall till give target into chart and we can wait for 2483 also as gold is running in bearish trend
XAUUSD , is Bullish ?!yes i think XAUUSD is too Bullish and this Week we have a Big Expansion !
we will see this ! but this is NOT signal , just my analysis !
Gold Bullish Again Hello All Traders! Share Your Openoin Here About My Analysis
Date/13/Jan/2025
Gold Current Price is 2689.300
In my Analysis Of Gold On H4 Time Frame The Price Is Moving With An Ascending Channel With Support Level And Resistance , The Price Recently Break out the Ascending Channel ,Indicating Potential Bullish Momentum
Key Levels:
Resistance Near 2721/2725
Support level 2680/2675
Support Around 2775 As stop loss For Mange Downside Risk Support Aera In lower Zone Providing
A Safety Net For Bearish Reversal ,
Trend Direction: The Upward trajectory Reflects Sustained Bullish Interest Supporting By Ascending Channel breakout.
in my trade setup we can take buy orders from 2680 with stop loss of 2670 And Take Profit 2720/2015
Note: This Analysis For educational purpose only Not a trading advice thanks trade safe
Gold H1 Analysis "All Insights are given on Chart"
(Follow for more Valuable Updates)
Note:
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
