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GOLDCFD trade ideas

Gold hits new all-time highs Yesterday, gold posted an all-time record closing price of $2,799, just one dollar short of $2,800. Then, in early trade this morning, it squeaked above $2,800 before pulling back a few dollars. Since then, it has picked up and broken back above this significant level. So, while the margin is small, gold can finally wave ‘goodbye’ to the old records from the end of October, which came just ahead of an uncomfortable selloff which saw prices drop over $250, or 9%, in the space of two weeks. Could history repeat? Possibly. Looking at the daily MACD, gold is pushing back towards ‘overbought’ territory, although it remains below October’s peak. Fundamentally, demand from Asian and Middle Eastern central banks remains strong. In fact, demand has picked up dramatically since Trump’s re-election and tariff threats. There are stories of large shipments of gold from the UK to the US, leading to a lack of liquidity in London markets. Trump has threatened 25% tariffs on US imports from Canada and Mexico, starting tomorrow, and there are concerns of future universal tariffs on all US imports as well. If these fail to materialise, then gold could drop sharply. Alternatively, the US could continue to stockpile for as long as the tariff threat remains. Meanwhile, gold has hit a record high, yet unlike on previous occasions, retail interest is negligible.
TRADENATION:XAUUSD
by TradeNation
Gold hits $2,800 but immediate continuation is questionableHavens in general and gold in particular have been popular in 2025 so far as the new American tariffs loom. However, the main factor driving gold up still seems to be extremely strong overall sentiment. The Fed’s pause of rate cuts and generally good economic conditions in the USA make gold’s fundamentals somewhat shaky while recent nervousness in stock markets is a positive factor for the yellow metal. Most of the time, when an instrument reaches a significant new area under conditions of strong sentiment, one would expect either continuation or consolidation; a retracement is less likely in this scenario. Consolidation seems to be favourable for gold now because it’s strongly overbought based on both the slow stochastic and Bollinger Bands while there hasn’t been a significant uptick in buying volume or ATR. $2,720 is an obvious candidate for static support: this area was a resistance last quarter, tested twice unsuccessfully then. Equally, dynamic support might come from the 20. 50 and 100 SMAs. A significant retracement lower seems very unlikely for now, but traders should monitor political news from the USA and 7 February’s NFP. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
FX:XAUUSD
by Michael_Stark_Exness
Gold at new highsBy Ion Jauregui - ActivTrades Analyst Spot gold hit a new all-time high on Friday at the European open, surpassing the peak recorded in October 2024. The price of the precious metal climbed to USD 2,800.78 per ounce in this first hour, driven by growing expectations that the Federal Reserve will initiate interest rate cuts in 2024 and continued support from central banks. Bullion has accumulated a year-to-date gain of more than 7.80%, benefiting from a macroeconomic environment that favors safe-haven assets. Investors are discounting a 25 basis point cut in May, reflecting the perception that the Fed has concluded its monetary tightening cycle. This situation reduces the opportunity cost of holding gold, which has generated greater demand for the asset. Added to this is the strong accumulation of the metal by central banks, with China leading the way, which has increased its gold reserves for 13 consecutive months through October 2024. This behavior reinforces confidence in gold as a long-term value asset. Growing geopolitical uncertainty has also helped to consolidate demand for precious metals, as investors seek safe havens from potential economic or political crises. Elsewhere, the Dollar Index posted a 0.2% decline yesterday, while other precious metals such as silver, platinum and palladium also showed gains. Looking ahead, gold's performance will continue to depend on the Fed's monetary policies and the evolution of institutional demand, maintaining a positive outlook for the safe-haven asset. Technical analysis In October last year, we anticipated a growth target for gold towards $2,850. However, due to different geopolitical circumstances, gold has maintained a sideways movement during the last quarter of 2024. Following the appointment of Donald Trump, the markets have experienced high volatility, which has again pushed the gold price upwards. Looking at the chart, key resistance was pierced hard in yesterday's session. The RSI index reached an overbought level of 72.92% and peaked at 82.74%, indicating significant buying pressure. Currently, sentiment has lost some momentum, and the price remains in a sideways range. The general Point of Control (POC) indicates a price zone at $2,753.40. However, the recent break of the key resistance at $2,782.37 suggests that this level could become a new support. Looking at the daily chart, if we analyze the long-term trend, the shift within the bullish range indicates that gold could reach $3,000 without much difficulty in the coming months, especially if expectations of interest rate cuts are confirmed and institutional demand remains strong. The macroeconomic and geopolitical context continues to play a crucial role in the evolution of the gold price. With central banks increasing their reserves and investors seeking protection against market volatility, gold remains one of the strongest bets for the coming months. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:GOLDLong
by ActivTrades
Gold Price Correction and the Shift to Digital AssetsThe gold market is currently experiencing a correction after a sustained period of price appreciation driven by market uncertainty. This downturn coincides with a broader shift in financial markets towards digital assets and rapid growth sectors. While some analysts anticipate gold reaching new all-time highs, the current price action suggests a potential end to the recent bullish trend. This shift is influenced by factors including the increasing focus on digital currencies and the perception of a changing financial landscape. The current US administration's policies are also seen by some as contributing to this transition, potentially favoring a move towards what some might term "fool's money" and rapid wealth creation opportunities in new financial spaces. Traders should exercise caution and avoid entering long positions at current resistance levels. The market appears to be undergoing a significant transformation, and further analysis is needed to assess the long-term implications for gold and other asset classes. A potential "liquidity swipe"
CAPITALCOM:GOLD
by 7b76378178a94776a5e396e815c266
Daily analysis of the gold chartTechnical Analysis of XAU/USD (Gold to USD) - 4H Timeframe 1. Overall Market Trend The market is in a clear uptrend, consistently forming higher highs (HH) and higher lows (HL). Multiple Break of Structure (BOS) events indicate the continuation of bullish momentum. 2. Key Zones on the Chart Support Zones (Floors): Important support levels are marked in purple and yellow, where price has previously reacted. Resistance Zones: The $2,766 - $2,780 area is a significant order block (OB H4), currently acting as a resistance. H4 Structural Support: A green zone represents a key support structure. 3. Possible Price Movements Bullish Scenario (Upward Move) ✅ If the price breaks above the $2,766 - $2,780 resistance, it may continue rallying towards $2,802 and beyond. Bearish Scenario (Downward Correction) ⚠ If the price fails to break resistance and gets rejected, a pullback to the H4 structural support (around $2,740 - $2,745) is likely. 📉 Further weakness below this level could push the price down to $2,700 and $2,696. Conclusion 📈 A breakout above resistance signals a continuation of the uptrend. 📉 Failure to break resistance may lead to a pullback towards support levels. 👀 It's recommended to wait for a clear breakout or confirmation of rejection before making a trading decision.
FOREXCOM:XAUUSDLong
by damany2006
XAUUSD trading at strong resistance level, poised for breakout..📈 XAUUSD (Gold) Price Forecast 📈 Gold is currently trading at a strong resistance level, which aligns with a supply zone and an order block. The market is poised for a potential breakout, supported by a strong bullish trend. Key indicators confirm the bullish momentum: - Golden crossover of the 200 EMA and 50 EMA, signaling an upward trend. - Volume increasing on the buying side, indicating strong buyer dominance. - If the resistance level at 2720 is broken with a strong bullish candle, Gold is expected to rally toward higher target levels. 🎯 Technical Target Levels: - 2747 - 2788 📌 Key Highlights: - Strong bullish trend confirmed by moving averages and volume. - Golden crossover of 200 EMA and 50 EMA supports upward momentum. - Watch for a breakout above 2720 for confirmation of further upside. ✅ Trade Smart! Like, comment, and follow for precise updates and profitable trade ideas. Don’t miss this bullish opportunity—stay informed with real-time insights! 🚀 📢 Join the community for expert guidance and winning strategies.
OANDA:XAUUSDLong
by TrendLogic1
10
GOLDAfter reaching a new all-time high of $2,845 and subsequently finding support at $2,807-2,808 during the London session on February 4, 2025, the directional bias for gold appears to be cautiously bullish. Current Market Analysis Gold's recent peak at $2,845 indicates strong bullish momentum. However, the subsequent support found at $2,807-2,808 suggests that buyers are still active in this range. The price action reflects a typical behavior after reaching a new high, where the market may consolidate or correct before making another move. Technical Indicators: The support level at $2,807-2,808 is crucial; if it holds, it could lead to a potential bounce back towards the resistance levels around $2,850 and higher. The market is currently exhibiting signs of consolidation after the breakout, which is common following significant price movements. Market Sentiment: Ongoing geopolitical tensions and economic uncertainties are driving demand for gold as a safe-haven asset. This sentiment is likely to persist as traders react to external factors such as U.S. tariffs and inflation concerns. we have to take note of 2808-2807 because as long as that as long as that support level of $2,800 holds , the bullish outlook could continue. Potential Scenarios; Bullish Continuation: If gold maintains its position above the support level at $2,807-2,808, and lastly within 2800 mark ,it may rally towards resistance targets at $2,850 and potentially higher levels like $2,865 or beyond. Bearish Correction: Should gold break below the support level of $2,807, it could signal a bearish reversal and lead to further declines towards key support areas around $2,775 or lower. Conclusion In summary, after updating a new all-time high and finding support at $2,807-2,808, gold's directional bias remains cautiously bullish. i will closely monitor this support level for potential rebounds while being aware of the risks of a corrective move if this level is breached.
FX_IDC:XAUUSD
by Shavyfxhub
GOLDDuring the London session on February 4, 2025, gold found support in the range of $2,807 to $2,808. This level is significant as it follows a recent bullish trend where gold prices have been fluctuating around all-time highs due to various market factors, including geopolitical tensions and economic policies. Current Market Context Price Action: Gold has shown resilience around the $2,800 mark, which has become a psychological support level. The recent support found at $2,807-2,808 suggests that buyers are still active in this area. Market Sentiment: The ongoing uncertainty in global markets, exacerbated by new tariffs imposed by the U.S. government, is contributing to gold's appeal as a safe-haven asset. This backdrop supports the notion that gold could maintain its upward trajectory if it continues to hold above this support level.
SAXO:XAUUSDLong
by Shavyfxhub
XAUUSD GOLD Weekly Price Action Analysis.As I mentioned in my previous weekly post, the market hit an all-time high this week, testing the zone above 2800 and continuing to rise. The January candle finished significantly above the 2024 high, indicating a strong bullish trend in the market. Any retracement at this point might be a great opportunity to go long, assuming this isn't a fake breakout of last year's high. However, on the daily timescale, the appearance of a long-tailed bar indicates a likely rejection at this resistance level, implying a pullback. Furthermore, on the weekly timeframe, we can see a closure below the psychological threshold of 2800 and a weekly candle tail, indicating potential selling pressure above. Overall, I expect the market to continue its upward trend, potentially hitting the resistance zone of 2830-2850, which appears to be doable unless price action signals otherwise. The price completely matched my final idea. It reached the target level. The market has rallied beautifully off the support level you mentioned yesterday. It is critical to properly monitor the key level at 2800. If the market is able to close above this level, it may open the door to the resistance zone between 2830 and 2850. If the price bounces back down from this level, it may drop to the 2760 support zone. Given that the price has fallen below the previous low, there may be some upward action, which might lead to ATH or a difficult pullback. Overall, I believe the price will continue to rise, potentially testing the area above the previous month's high. My objective is resistance at around 2825. By Nexua]s Trades Zone
OANDA:XAUUSDLong
by NexusTradesZone