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XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell. Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change. Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615. My strategy remains unchanged: I continue to look for selling opportunities on rallies.
OANDA:XAUUSDShort
by Mihai_Iacob
1
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders, what do you think about this chart share your opinion in the comment section. current price: 2647 2647 is a supporting point for a bullish movement, from this position markets target will go up and its target will be 2664 and 2675. currently market is creating a strong base for buyers to take action. key points: demand zone: 2664, 2675 supporting area: 2643, 2640 kindly like, comment and follow. thanks for your support
TVC:GOLDLong
by LindaFxTrading
PULLBACK BEFORE BOUNCE - $2750 / $2800 NEXTAs illustrated, market has grabbed liquidity above a mid-term high just above $2720. The market is selling all of that liquidity toward the lower side of the internal range, where there is a lot of sell-side liquidity below $2612 (near $2600) and below $2580 (near $2570 in extension). Should those areas hold as support, the yellow metal should see a strong rebound off of key psychological prices (such as $2600 or $2575/70) to make a year-end bull expansion move reaching near it's historical max of $2790. The geopolitical situation DOES NOT seem to get better everywhere where there is conflict, and that DOES NOT help global certainty at all; investors will only continue to protect themselves by hedging their portfolios buying more gold. Not to get deep into China's buying cycle starting again after 6 months. Demand will continue to increase, driving prices higher again. Lastly, global economy is on a very slim rope above a very high pit-fall as inflation continues to rise + the USA plans to put trade tariffs on China, Canada, and Mexico, which will NOT help ease inflation and rather drive prices higher simply because many companies would have to compensate for such tariffs by increasing consumer prices; thus, whichever sector that gets affected must compensate for the increment in prices by also rising the prices of their products; Homes will just get "poorer", specially with al the jobs that could get cut precisely to compensate from an increase in prices. It's a dangerous and risky spiral to assume. That being said and technically speaking, keep an eye on key psychological price levels and wait for an evident "V" Shape manipulation pattern on the 1H and 4H timeframes in order to take a long entry and try to catch what could be an interesting and promising bullish push. -- GOOD LUCK!
PEPPERSTONE:XAUUSD
by PersaGold
2
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello my fellow traders. what do you think about this chart. comment your opinion in the comment session. current price: 2658 today a temporary bullish retracement is possible as market could not breakout w1 candle. but market is still in its liquidity zone. if market pull backs from 2668 and 2675 then its next target will be 2635 which is our demand zone. key points: 2668. 2675 demand zone: 2643. 2632 like comment and thank you for support
TVC:GOLDShort
by LindaFxTrading
Welcome to my latest analysis and forecast for XAU/USD!Gold prices are entering a phase of bearish consolidation. The understanding that the Federal Reserve may slow the pace of its interest rate cuts due to stalled progress in reducing inflation to its 2% target acts as a headwind for the yellow metal. However, a combination of factors continues to provide some support. A slight decline in U.S. Treasury yields keeps dollar bulls on the defensive. Additionally, persistent geopolitical risks and concerns regarding the policies of U.S. President-elect Donald Trump helps limit the downside for the precious metal. Traders are also likely to avoid taking new directional positions ahead of the critical Federal Open Market Committee (FOMC) policy decision on Wednesday. This decision will be closely watched for signals on the future path of rate cuts. which could provide new impetus for the XAU/USD pair. Technical Analysis In this analysis we will take a closer look at the current state of XAU/USD and provide a forecast for its future movements. First, let's start with a brief explanation of XAU/USD. XAU refers to the chemical symbol for gold, while USD is the abbreviation for the US dollar. This currency pair represents the price of gold in US dollars. As the US dollar is the world's foremost reserve currency and gold is seen as a safe-haven asset, XAU/USD is a highly watched and traded currency pair. Now, let's dive into the analysis of XAU/USD. In recent months, we have seen a steady uptrend in the price of gold against the US dollar. This can be attributed to various factors, such as the ongoing trade tensions between the US and China, the uncertainty surrounding Brexit, and the global economic slowdown. All of these events have led to investors seeking refuge in the safe-haven asset of gold, thus driving up its price. Additionally, the recent interest rate cuts by the US Federal Reserve have weakened the US dollar, making gold more attractive for international investors. The demand for gold has also increased due to the central banks of various countries adding gold to their reserves. These factors have all contributed to the bullish trend in XAU/USD. In terms of technical analysis, XAU/USD is currently trading above its long-term moving average , indicating a strong uptrend. However, it is important to note that the price has reached on critical resistance level of $2,718 per ounce. If it breaks through this level, we can expect to see further gains in XAU.USD. On the other hand, if the price fails to break this resistance, we may see a pullback to the support level of $2,560. Now let's move on to our forecast for XAU/USD. Based on the current market conditions, we believe that XAU/USD will continue its uptrend in the short term, with a potential target at $2,791 per ounce. However, we cannot ignore the fact that gold is a highly volatile asset, and any unexpected events or changes in market sentiment can quickly reverse this trend. In the long term, we maintain a bullish stance on XAU/USD due to the ongoing uncertainty in the global economy and the potential for further interest rate cuts by central banks. It is also worth mentioning that the gold market tends to perform well during times of geopolitical tensions and economic downturns, which are all possibilities in the current global landscape. In conclusion, XAU/USD has been on a steady uptrend, and our analysis and forecast suggest that our analysis and forecast suggest that this trend will continue in the short and long term. As always, it is important to keep an eye on the market and adjust your trading strategy accordingly. Stay updated with the latest news and events that may affect XAU/USD to make informed trading decisions. Happy Trading!
CAPITALCOM:GOLDLong
by CEO-PREMIUM-ANALYSIS
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
Gold continued its downward trend at the beginning of the week⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edges higher after dipping to the $2,644-2,643 range during the Asian session, a one-week low. This pause in its recent pullback from last Thursday's one-month high is supported by a softer US Dollar, driven by a slight retreat in US Treasury yields. Geopolitical risks and uncertainties surrounding US President-elect Donald Trump's policies also bolster demand for the safe-haven metal. However, expectations that the Federal Reserve (Fed) will take a cautious approach to rate cuts next year, given stalled progress in reducing inflation toward the 2% target, could support US bond yields and limit further gains for gold. Investors are likely holding back on major moves ahead of the much-anticipated FOMC meeting outcome on Wednesday. ⭐️Personal comments NOVA: Downtrend continues - Gold is under strong selling pressure before results of interest rate cuts ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2674 - $2676 SL $2679 TP1: $2660 TP2: $2650 TP3: $2640 🔥BUY GOLD zone: $2635 - $2637 SL $2632 TP1: $2645 TP2: $2658 TP3: $2670 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
OANDA:XAUUSDLong
by Nova-Scalper
7
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