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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes. Scenario 1: BUYS from 2720 We broke above 2720 . That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs. Scenario 2: BUYS from 2700 We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher. Scenario 3: SELLS from 2700 We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675. Personal opinion: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. KEY NOTES - XAUUSD breaking above 2720 would confirm buys. - XAUUSD failing to break below 2700 would confirm buys. - Breaks below 2700 would result in sells, down to 2690 and 2675. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
XAU/USD 17 December 2024 Intraday AnalysisH4 Analysis: -> Swing: Bearish. -> Internal: Bullish. Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase. Price Action Analysis: Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity, for two possible reasons. 1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high. 2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855. Intraday Expectation: Intraday expectation and alternative scenario as per points 1 and 2. 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. Analysis/Intraday expectation remains the same as analysis dated 16 December 2024. Price Action Analysis: Since last analysis dated 13 December 2024, price has printed a double bearish iBOS Bullish CHoCH has been printed, therefore, we are now trading within an established internal structure. Intraday Expectation: Price has tapped in to M15 supply zone. Technically price to target weak internal low priced at 2,643.595. 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
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684. Fundamental Insight Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum. As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs. Technical Outlook On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are: Resistance: $2,720 Support: $2,689 and $2,610 A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders. Stay tuned for more trading insights and strategies!
TVC:GOLD
by InwardTrader
1
Interest rate expectations and geopolitics still drive GOLDOANDA:XAUUSD corrected after rising sharply as the possibility of the Federal Reserve cutting interest rates next week increased significantly after the release of US CPI data. CME Group's "FedWatch" tool shows traders see a 98.5% chance the Fed will cut another 25 basis points at its December 17-18 meeting, a significant increase from the 86% chance before CPI data is released. The U.S. Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in November, both in line with market expectations. Economists surveyed by Dow Jones previously expected this number to increase an average of 0.3% month-on-month and 2.7% year-on-year. Excluding food and energy costs, the US core CPI rose 3.3% year-on-year in November and was up 0.3% month-over-month. Economists surveyed by Dow Jones on average expect core CPI to rise 0.3% month-on-month and 3.3% year-over-year. The market is now focusing on today's (Thursday) US Producer Price Index (PPI) data to shed more light on the Federal Reserve's interest rate cut roadmap. Geopolitical news once again boosted OANDA:XAUUSD On the daily chart, gold corrected after approaching the 0.236% Fibonacci retracement level and temporary upside was limited by this technical level. However, in terms of overall structure, the gold price has enough technical conditions to increase after breaking the falling price channel and bringing the main activity above the EMA21 line. Along with that, the Relative Strength Index also rose above 50, which should be considered a positive signal for the bullish outlook of gold prices. On the other hand, gold is likely to open a new bullish cycle when it breaks above the $2,730 level of the 0.236% Fibonacci retracement then the target is the Volume profile POC point, more so the $2,761 level and all-time highs. era established earlier. During the day, the technical outlook for gold is bullish with notable points listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,742 – 2,761USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2669 - 2671⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2676 ↨ →Take Profit 2 2681
OANDA:XAUUSDLong
by Xayah_trading
Something is seriously wrong with XAUUSD### **1. Chart Observations 📊** - **Instrument**: Gold Spot / U.S. Dollar (XAU/USD) - **Timeframe**: 1D (Daily Chart) - **Current Price**: $2,652.62 - **Key Levels**: - **Resistance Zone**: Around **$2,700 - $2,740** (marked in red) 🚨 - **Support Zone**: Near **$2,560** and deeper at **$2,400 - $2,360** (marked in green) ✅ --- ### **2. Trendline Analysis 📐** - The chart shows **two intersecting trendlines**: - A **downward sloping resistance trendline** connecting recent highs 📉. - An **upward sloping support trendline** connecting recent lows 📈. - **Breakout Observation**: The price recently broke below the **upward support trendline**, signaling bearish momentum ⚠️. --- ### **3. Candlestick Analysis 🕯️** - Recent candlesticks suggest: - A rejection from the **resistance zone** near $2,700 🔴. - A strong bearish candle broke below the **rising trendline**. - However, the latest candlestick shows signs of hesitation (small-bodied candle), indicating potential indecision 🤔. --- ### **4. Price Zones to Watch 🔍** 1. **Immediate Resistance**: - The red zone ($2,700 - $2,740) will remain a **critical resistance**. A strong break and close above this level would signal bullish continuation 🚀. 2. **Key Support**: - The next support lies at **$2,560**. If the price falls below this, the deeper support at **$2,400** comes into play 📉. --- ### **5. Prediction: What’s Next? 🧭** - Given the recent break below the upward trendline and rejection at resistance, the short-term outlook leans **bearish**: - Price may test the **$2,560 support** in the coming days. If this level holds, a bounce back toward $2,700 is possible 🛑. - However, a **failure to hold $2,560** could open doors for a drop toward the $2,400 - $2,360 zone 🕳️. - **Bearish Outlook (Short-term)**: - Watch for further bearish candles or a retest of the broken trendline as new resistance. - **Bullish Scenario (Alternative)**: - If bulls reclaim $2,700 with strong volume, a breakout rally could follow 📈. --- ### **Key Notes 📝** 1. **Monitor Price Action** near $2,560. 2. **Volume Confirmation**: Higher selling volume near resistance strengthens the bearish case. 3. Stay cautious of fakeouts—Gold is volatile! 🛡️ --- In summary, Gold looks weak below the broken trendline and is at risk of heading toward lower support levels. However, a bounce cannot be ruled out if buyers defend $2,560 aggressively! 👀 🚨 **Trade Carefully and Manage Risk!** 🛑
ICMARKETS:XAUUSD
by rajpatel95133
CHART BREAKDOWN XAUUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential demand zones: low-risk buy zones spanning from 2635.00 to 2640.50, respectively, is highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 2635.00 and 2640.50 serving as a low-risk buy. Bullish Targets📈: 2660.00: Possible retracement area. 2670.00: Possible retracement area. 2690.00: Possible retracement area. 2710.00: Possible retracement area. 2690.00: Significant supply zone. 2710.00: Significant supply zone. 2725.00: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
OANDA:XAUUSDLong
by T4X_Trading
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
PYTH:XAUUSDLong
by ForexMasters2000
Daily Analysis of Gold Ounce to USD – Issue 170The analyst believes that the price of { XAUUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
FOREXCOM:XAUUSDLong
by MoonriseTA
Technical Analysis for Gold Spot/USD (1-Hour Chart) Current Market Overview Current Price: $2,659.07 Market Trend: Mixed with a recent bearish move, but a recovery seems to be emerging. Key Support and Resistance Levels: Support: $2,624.09 and $2,613.26 Resistance: $2,686.70 and $2,725.84 Bullish Scenario Technical Factors Price Action: Price shows a rebound after testing the NY Midnight Open near $2,653.70. Bullish candles are starting to form on the right side of the chart, suggesting a potential reversal. Volume Profile: Delta volume is indicating positive activity at lower price levels, hinting that buyers are stepping in near $2,653 and below. Indicators: The pink shaded bearish momentum (likely a short-term EMA cloud) appears to be weakening. Price is attempting to push above this bearish cloud, which could act as a trigger for further bullish momentum. Support Zone: Strong support exists near $2,624 to $2,613, where price previously reversed on Dec 6th and 10th, as seen by the green demand zone. Probable Entry Points Entry: Around $2,655 - $2,660 once price consolidates above the NY Midnight Open ($2,653.70). Confirmation: Look for price closing above $2,666 (the nearest mini-resistance). Take-Profit Targets Short-term TP1: $2,686.70 (key resistance zone marked by 16% delta volume). TP2: $2,710 - This is a zone where previous bearish pressure emerged. Extended Target: $2,725.84 (higher timeframe resistance). Stop-Loss SL: Below $2,650 or $2,645 to minimize risk. Bearish Scenario Technical Factors Price Action: Despite the current bounce, the overall structure remains bearish, with lower highs forming after the drop from $2,725.84. Bearish momentum (pink shaded region) remains active on the larger downtrend. Volume Analysis: Negative delta volume around $2,686.70 suggests sellers are still defending that level. Resistance Zone: $2,666 to $2,686 is a key supply zone; a rejection here would confirm bearish continuation. Moving Averages/EMA Cloud: Price has yet to break convincingly above the pink bearish cloud, meaning the trend still favors sellers. Probable Entry Points Entry: Near $2,666 to $2,670 if the price fails to break above resistance. Look for rejection candles. Confirmation: Bearish engulfing or a sharp pullback below the NY Midnight Open ($2,653). Take-Profit Targets Short-term TP1: $2,640 (previous swing low). TP2: $2,624 - This level is the lower support zone with previous demand. Extended Target: $2,613 - A breakdown of this level could lead to further bearish momentum. Stop-Loss SL: Above $2,675 or $2,680 to protect against a bullish breakout. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,655 - $2,660 Below $2,645 TP1: $2,686.70, TP2: $2,710, TP3: $2,725 Bearish $2,666 - $2,670 Above $2,675 TP1: $2,640, TP2: $2,624, TP3: $2,613 Conclusion Bullish Bias: If price sustains above $2,666 and breaks resistance near $2,686, a bullish move to $2,710 - $2,725 could unfold. Bearish Bias: Rejection at $2,666 - $2,686 would likely lead to a pullback targeting $2,640, $2,624, and potentially $2,613. Recommendation: Wait for confirmation around key levels ($2,653.70 and $2,666) before entering a trade. Use proper stop-losses to manage risk.
FX:XAUUSD
by ProspireWealth