Short on XAUUSD - IntradayXAUUSD supply is in control on lower timeframe, overall it's bullish so this is counter-trend trade idea. Looking to short around 2710 , supply zone is resting above 2710 and london open.
GOLD trade ideas
SCALPING ! XAU ! Gold correction - back to BUY entry⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
This week's US data indicated easing inflation, boosting expectations of two rate cuts by the Federal Reserve this year, which supported the Gold price. Additionally, Fed Governor Christopher Waller stated on Thursday that inflation is expected to decline further and suggested three or four rate cuts might occur if US economic conditions worsen. The prospect of Fed rate cuts drove a further drop in US Treasury yields and kept the US Dollar near a one-week low, providing extra support to XAU/USD.
⭐️Personal comments NOVA:
Gold is adjusting down as necessary, balancing the market. Short and long term frames are still showing that the upward force will continue.
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2700 - $2698 SL $2695
TP1: $2704
TP2: $2708
TP3: $2715
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAU/USD: Rising Wedge Breakdown SetupThe chart depicts a clear rising wedge pattern, signaling a potential bearish reversal for Gold (XAU/USD).
Key Features:
1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum.
2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement.
3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup.
4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels.
5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated.
Trading Strategy:
Sell Entry: Below $2,710 after confirmation of breakout.
Take-Profit: $2,640 (measured move target).
Stop-Loss: Above $2,760 to minimize risk.
Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
Drill Baby DrillXAUUSD Let's Drill it Guyes This Month's end gonna be End Of Bull's Bye Bye Thanks to Trumps.
Gold (XAU/USD) - Key Levels and OutlookThe market is currently in a consolidation phase following a prior downtrend, with lower highs (LH) and lower lows (LL) dominating recent price action. Gold is trading within a rising wedge formation, signaling potential indecision. Key levels to monitor are:
- Supply Zone: $2,720–$2,730 (strong resistance area)
- Demand Zones: $2,690, $2,670, and lower (support clusters)
Projection
Bearish Continuation: A breakdown below the wedge and demand zones could trigger a continuation of the downtrend, targeting levels below $2,670.
Bullish Reversal: A breakout above $2,720, followed by a retest, may indicate a reversal, targeting higher resistance levels.
Trade Idea
Bearish Bias: Watch for a decisive break below the wedge, aligning with the dominant downtrend, to consider short opportunities.
Bullish Alternative: If price breaks and holds above the $2,720 supply zone, look for potential long setups.
Patience is essential here, as the market is at a critical juncture. Always use proper risk management by aligning entries with key levels and clear invalidation points.
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.
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!
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.
XAUUSD BEST area for buying.* Daily Fair Value Gap (FVG)
* Fibonacci Discount Area
* 1-Hour Mitigation Block
* Market Left Above Equal Liquidity
Gold above $2,700Gold was firmer in early trade this morning, following a late sell-off on Friday evening. Back then, it fell below $2,700, and the slide lower continued in the first few hours of the Asian Pacific session overnight. Since then, it has rallied back above $2,700 where it appears quite comfortable. Gold has looked extremely resilient of late, not just when measured in dollars, but against numerous other currencies as well. This all looks positive for the bulls, as it reinforces the belief that interest in gold is finally picking up some traction, outside of the financial world. The daily MACD is looking constructive. It is pointing higher from a relatively low base, suggesting that there’s still plenty of upside potential. Trade is expected to be quiet due to the US market holiday and President Trump’s inauguration. But volatility could certainly pick up later, once the new president sits down to sign a new batch of executive orders.
XAUUS SIGNAL FOR WEEKHi traders, here i share my entry signal. If you like then comment your opinions.
### **Gold (XAUUSD): On the Path to All-Time Highs**
### **Gold (XAUUSD): On the Path to All-Time Highs**
Gold is showing strong bullish momentum on the **monthly timeframe**, recently tapping into key **Inner Range Liquidity (IRL)** zones. This movement has left behind **bullish Fair Value Gaps (FVGs)**, signaling that the price is actively offering fair values and is likely targeting **Extended Range Liquidity (ERL)** above the all-time high.
#### **Key Observations:**
1. **Bullish FVGs on Monthly Chart**: These inefficiencies in price highlight the bullish intent as the market rebalances.
2. **Liquidity Dynamics**: Gold is currently focused on **seeking liquidity** in the form of stops and orders residing above the all-time high.
3. **IRL and Price Structure**: The recent tap into IRL suggests a re-accumulation phase, preparing for a move toward liquidity pockets at higher levels.
#### **Outlook and Strategy:**
- **Directional Bias**: Strongly bullish.
- **Targets**: The ERL above the all-time high, likely near significant psychological levels like 2790$.
### **Conclusion**
Gold is respecting the ICT principle that **price seeks fair value or liquidity**. With the recent behavior, it is evident that gold is targeting the liquidity resting above its historical highs. Stay aligned with the narrative, context, and directional intent for optimal entries.
Gold above 2700?In my analysis yesterday, I mentioned that gold could potentially drop towards the 2600 level. Initially, the day unfolded as expected, with the price declining as anticipated. However, the trend quickly reversed, leading me to close my trade early this morning with a modest profit of 50 pips.
Looking ahead, the charts reveal an interesting pattern: dips in the price are consistently met with strong buying interest, with bulls firmly reclaiming control during these moments.
As the saying goes, "go with the flow." Observing this behavior, I've adjusted my strategy to align with the market sentiment. I now favor buying on dips, aiming for a potential move above the 2700 level.
Selling viewSelling possible from this level................................................................
