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XAUUSD trade ideas

XAUUSD/GOLD Here Falling Levels XAUUSD GOLD with Potential Price levels. Here are Breakdown Of the Zones You've mentioned. Resistance Zone In This Range price level 2595/2600 This Ranges Suggest to move these levels the might be Strong level. Support Zone This is the level we will Expected gold is find some support. 2580 /2570 if the Gold starts falling and hits that's zone. Your expectation is that gold might not see an upward movement Tommorw last of Market we Expect Bearish Trend. Rate Share Your Idea What's Going On Thanks.
OANDA:XAUUSDShort
by FxJennefir
### Technical Analysis: Gold One-Day Swing Trade Idea 19/12/2024*Market Overview:* Gold is currently exhibiting a bearish sentiment, with recent price action closing below the daily chart's 20-period simple moving average (SMA). This technical setup indicates that sellers dominate the market, and we are positioned to capitalise on potential further downward movements. *Key Technical Levels:* 1. *Bearish Scenario:* - *Current Price Action:* As the price remains below the 20-period SMA, we look for a potential downside break from the established triangle pattern. This breakout could signal a continuation of the bearish trend. - *Targets:* - *First Target:* *2535* – This level aligns with the anticipated wave C completion in the ongoing corrective wave structure. - *Second Target:* *2485* – A deeper price retracement could further validate the wave C scenario. - *Wave 3 Consideration:* Should gold decline below the 2350 area, we may enter wave 3, suggesting strong momentum for continued bearish movement. This could imply a rapid downward trend and provide a solid trading opportunity. 2. *Bullish Scenario:* - *Resistance Levels:* - *20-Period SMA:* a daily close above this moving average could indicate a shift in market sentiment, signalling caution for bearish positions. - *Breakout Level:* If the price breaks above *2666*, it would suggest a potential bullish reversal. This level must be carefully analyzed for trading decisions. - *Upside Targets:* - *First Target:* *2716* - *Ultimate Target:* *2850* – A close above 2721 may propel gold toward new all-time highs. *Trading Strategy:* - *Shorting Opportunities:* Focus on initiating short positions around *2652* or *2613*. These levels coincide with the anticipated price retracement areas within the bearish framework. - *Monitoring Key Levels:* Closely watch for price interaction with the 20-period SMA and the upper boundaries of the triangle pattern. Any decisive movement above these will require a reassessment of bearish positions. *Risk Management:* Consider utilizing stop-loss orders just above the 20-period SMA or the breakout level. *Conclusion:* The current bearish trend in gold, reinforced by the daily close below the 20-period SMA, suggests promising short-term trading opportunities. Should the price break down from the triangle pattern, we may see targets around *2535* and *2485. Conversely, a beyond **2666* could signal a strong bullish reversal, urging caution for existing short positions. Traders should remain alert and ready to adapt strategies based on these levels and market movements. *Disclaimer:* This analysis is intended for informational purposes. Research or consult with a financial advisor before making any trading decisions. Safe trading, everyone!
OANDA:XAUUSDShort
by SRFXGlobal
BUY OPPORTUNITYInstrument: XAU/USD Entry Price: 2591.01 $ Stop Loss (SL): 2580.45 $ Take Profit (TP): 2632.80 $ Risk-to-Reward Ratio: 1:4 Federal Funds Rate: The previous volatility caused by the Federal Reserve's rate decision may have resulted in a market reaction that could continue today. Price moves could be sensitive to news and market sentiment, especially given the current high volatility. Unemployment Claims: The Unemployment Claims news today could also cause short-term fluctuations in XAU/USD. If the news is unexpected or deviates from predictions, it could trigger price movements. Monitoring the news release is crucial. Supply Zone at 2633: The heavy supply zone near 2633 means the market is likely to face resistance around this price. You expect the price to reach just below the supply zone at 2632.80 before potentially reversing or facing resistance. This gives you a limited but realistic TP near this zone.
FXOPEN:XAUUSDLong
by GODOCM
XAUUSD Head And Shoulders PatternOn the 15-minute gold chart, a Head and Shoulders pattern is forming. If this pattern completes, the price could experience a significant drop, potentially reaching the $2638 level. "Market fluctuations in the final month of the year, especially in the commodity market, are very low due to liquidity shortages. Therefore, trading during this period is highly risky. Use reasonable trade volumes and do not trade without setting stop-loss and take-profit levels." OANDA:XAUUSD
OANDA:XAUUSDShort
by imodaresi
1216 Weekly outlook GOLDHello traders, December highlights, the last heavyweight data week before Christmas, the Federal Reserve may cut interest rates! The Federal Reserve will announce its interest rate decision and economic projections this Thursday (03:00), followed by a press conference at 03:30 led by Chairman Powell. Currently, market consensus indicates a 97% probability that the Federal Reserve will cut rates by 25 basis points at its meeting on December 17-18. Importantly, the market expects that after this rate cut, the Fed may begin to pause rate cuts in early 2025. Therefore, Powell's remarks and the latest economic forecasts will be very significant, as the Fed may slow down the pace of rate cuts. With this trend expectation, the inverse correlation of a weakening gold and strengthening dollar has already re-emerged. The latest daily chart of gold compared to the dollar shows that the dollar has consistently remained above the daily EMA and is currently in a consolidation phase, poised for an upward move. Gold is supplemented with this latest daily chart from Monday, which shows a double-top bearish pattern. Currently, the bears are dominant, and the daily candlestick chart is running below the EMA. Scott Rubner, a senior capital flow expert at Goldman Sachs, may provide some insights into capital flows before Christmas: First, the impact of global, especially the Federal Reserve's, interest rate cut expectations. With the market generally expecting a 97% chance of a rate cut at the Fed's December meeting, this could stimulate investors' risk appetite. Rate cuts usually mean lower borrowing costs, which promotes consumption and investment, thereby driving up the stock market. Second, the so-called annual "Santa Claus rally." The "Santa Claus rally" refers to the seasonal rise in the market at the end of each year, driven by holiday spirit and investor optimism. If the market's expectations for rate cuts are confirmed, there is indeed a higher likelihood that the S&P 500 index will rebound in the last few trading days of 2024. Third, the impact of year-end corporate buyback plans on market capital flows. Corporate stock buybacks are an effective means of driving up stock prices. When companies announce large-scale buyback plans, the market usually interprets this as confidence in the company's prospects, which also boosts investor confidence. It is reported that U.S. companies have approved stock buybacks worth $1 trillion by 2025, which could also drive the stock market significantly higher! As risk assets strengthen, investors' risk appetite typically increases. Gold does not generate interest or dividends, so the opportunity cost of holding gold rises. Investors are likely to prefer allocating funds to higher-risk, higher-return assets like stocks rather than traditional safe-haven assets like gold. A weakening of gold before 2025 is highly probable. **Gold** The bullish plan for gold laid out before last Thursday has completed its trading plan, with all profit targets reached. The trading plan from last Thursday aimed to continue the previous upward trend, looking for new bullish entry opportunities. 2690 was identified as a support level for entering long positions, but it became a resistance area on Friday. After no bullish entry signals appeared on the 1-hour chart on Thursday, the updated trading plan based on the latest 4-hour chart is as follows: **Friday 4-hour chart trading plan:** Before the U.S. market opens, look for 1-hour entry signals to short gold. TP1: 2648 TP2: 2618 TP3: 2575 Currently, the first target of 2648 has been reached; it is best to move the stop loss to the entry position and continue holding the short position. Considering the above 4-hour chart, wait for new consolidation signals; before this week's critical data and time points, gold will likely continue to decline, so patience is key! GOOD LUCK! LESS IS MORE!
OANDA:XAUUSDShort
by FUNTRADER-Vera
Small correction up and a drop for goldHi traders, Last week XAUUSD tested the higher Daily FVG again and dropped. This could be the start of the last C-wave (orange). So next week we could see a small correction up and another drop to finish the (orange) A-B-C ZIgzag correction. Or it turns out that the whole bigger correction was a Triangle (finishe before blue wave b) and we see the next impulsive wave up from here. Then you could trade longs after a correction down on a lower timeframe. Let's see what price does and react. Trade idea: My main idea is the first one. So I would wait for a correction up and a change in orderflow to bearish to trade shorts. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals. Don't be emotional, just trade! Eduwave
FOREXCOM:XAUUSDShort
by EduwaveTrading
3
Today's gold price analysis: Return to the 2630-2680 rangeToday's gold price analysis: Return to the 2630-2680 range Predicting gold prices is like predicting the weather - it's just that the weather is less often wrong! '" Williams' gold weather forecast: Straight lines belong to humans, curves belong to God As shown in the figure: We have been waiting for an optimal fluctuation range from yesterday to now: 2630-2680 Once the gold price returns to the middle area, the 2630-2680 range will be the easiest range for all traders to make money. Whether you are long or short in this range, as long as you can hold it patiently, you may make money from it. The adjustment period of this range is estimated to be about 1 week. Why do you say that? It's like a pregnant woman who doesn't go through ten months of stable pregnancy. How can you give birth to a healthy child during this period? If the current gold price wants to explode into a new round of sharp decline or surge, it needs such a pregnancy period. To accumulate energy. Then the repeated fluctuations in the 2630-2680 range are the best gestation period. So, in the short term I insist that the gold price will still return, because the 2630-2680 range is the best choice for all possible future trends. If you also like and approve of my article, I sincerely hope to get your feedback and comments. I will reply one by one and send my sincere blessings and thanks.
OANDA:XAUUSD
by Brad_Williams
GOLD What Next? BUY! My dear subscribers, GOLD looks like it will make a good move, and here are the details: The market is trading on 2603.3 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2632.7 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
Gold above Buying zoneFundamental analysis: Despite the strong Bullish candle sequence on DX, Gold remains Neutral-Bullish and above my Support for the day as U.S. session is approaching and recession fears resurfacing. However, #2,622.80 - #2,627.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart. Still I haven’t got confirmation for Short-term Buying opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bullish impact also on DX, hence Bearish for Gold. My Selling bias is unchanged as I will treat Bullish spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bearish takedown. Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Ascending Channel, as Bond Yields and DX on gains for the #2nd straight session (still however market didn’t returned to normal Trading conditions), current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, hawkish Fed stance). Spot how Gold's strong Selling level of the #2,622.80 is far from fair symmetrical manner with disastrous side Swings on Bond Yields and DX as my strongest correlation so far, but currently both assets are on Short-term uptrend while Gold is as well soaring (however only on Short-term). Technical analysis: No changes so far on the Daily perspective (Gold is Trading within my model) as today’s session E.U. opening didn’t delivered any significant move towards any Buying or Selling pressure point /confirmation, even though Fundamental numbers throughout Friday’s session met the forecast and delivered relief for Gold Buyers, DX on a Fundamental surprise, delivered full bodied green candle. The Price-action remains Neutral above the Hourly 4 chart’s Support zone of #2,622.80 - #2,627.80 and below the #2,638.80 - #2,642.80 Resistance zone fractal so use mentioned zones as your Intra-day pointers. It is Natural that Price-action found both Sellers and Buyers as RSI hit the Neutral zone, and with the absence of macro-economic catalysts, strong Volatility is expected, and don’t be surprised if you see thin Volume throughout today’s session. As the market is waiting for a catalyst, I see no alternative under such a Neutral setting but to maintain my breakout strategy and watching closely DX, to carefully issue my next move. If however #2,645.80 breaks, Price-action will be calling for upside extension, where #2,622.80 break can open doors for #2,600.80 benchmark and #2,592.80 configuration sequence. Otherwise, Volatility will be on the main stage. I do believe Selling pressure is still present on market so take that into consideration prior to positioning.
TVC:GOLDShort
by goldenBear88
XAU/USD "The Gold" Metal Market Bullish Robbery Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a trade after the breakout of White MA 2,680 however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low level should be in retreat. Stop Loss 🛑: Using the 2H period, the recent / nearest low level. Goal 🎯: Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
VELOCITY:GOLDLong
by Thief_Trader
12.24.2024 GOLD Logic Analysis + Opportunity AnalysisHello traders, Everyone must be clear that there are multiple factors causing tight liquidity at the end of 2024 1. Special Timing Factors - US markets traditionally have lower liquidity during Christmas to New Year period - Financial institutions' year-end settlements and balance sheet adjustments - Traders' holiday breaks naturally lead to decreased trading volume 2. US Government's Debt Issuance Pressure - Scale: Treasury auctions exceeding $70 billion - Timing: During the lowest liquidity period - Distribution of Types: - 2-year Treasury bonds - 5-year Treasury bonds - 7-year Treasury bonds - Impact: Will further drain dollar liquidity from the market 3. Federal Reserve's Response Measures Fed's current Standing Repo Facility (SRF) (temporary liquidity operations) characteristics: - Time window: 12/30/2024 - 1/3/2025 - Scale: $500 billion daily - Nature: Temporary liquidity support - Operation method: Overnight repo Interpretation of Fed's SRF policy implications: - Only covers the most critical days around year-end - Shows Fed's vigilance against market volatility 4. Risk Warnings: Liquidity Risk + Thin Holiday Trading - Market volatility may increase - Asset prices may fluctuate - Trading costs may rise - Year-end cross-year trading requires caution Last week's group reminder: Gold short-selling plan, short targets were: TP1: 2648 achieved, manage positions and trailing stops TP2: 2618 first target for new positions, consider entry timing on Thursday after Fed meeting TP3: 2575 not yet reached Friday's group reminder: Not advisable to enter new positions, continue managing stops and position sizes for existing short positions. This week, due to Christmas holidays, liquidity is low, not recommended to open new positions. Continue managing stops and positions for last week's short positions, ultimate profit target remains at 2575, but if stop losses are triggered unexpectedly, exit and observe, waiting for the next opportunity. Technically, on the 4-hour chart, gold's retracement has reached the first structural position (STRUCTURE 1) at FIBO 382 level in the 2930-2940 area. Watch the resistance force when price reaches this position, observe for new 1-hour reversal signals for potential continued downward movement in gold. GOOD LUCK! Merry Xmas! LESS IS MORE!
OANDA:XAUUSDShort
by FUNTRADER-Vera
XAUUSD 99% confirm Gold (XAU/USD) is trading with a moderate positive tone on Friday following the sharp sell-off earlier this week. Cooler-than-expected US Personal Consumption Expenditures (PCE) Price Index data on Friday has increased selling pressure on the US Dollar, although the precious metal is struggling to put a significant distance from the one-month lows hit this weekPCE Inflation has increased 0.1% in November, against expectations of a 0.2% increment. The yearly rate accelerated to 2.4% from the previous month's 2.3% reading, still below the 2.5% anticipated by the market consensus. Likewise, the Core PCE eased to 0.1% from 0.3% in October while the yearly inflation remained steady at 2,8% against market expectations of an uptick to 2.9%from heavily oversold levels. The broader trend, however, remains bearish. The pair is struggling to find acceptance above $2,600 and the Relative Strength Index (RSI) in the 4-hour chart remains flat at levels below the 50 threshold, highlighting the bearish momentum. Immediate resistance is at the $2,605 intra-day high, with the key resistance area to challenge the bearish trend at the $2,625-$2,630 area (November 28, December 2 lows). On the downside, supports are at Wednesday’s low at around $2,580, ahead of November’s trough at $2,540.
OANDA:XAUUSDShort
by KingForex078
XAUUSD - gold waiting for the Federal Reserve meeting!Gold is below the EMA200 and EMA50 in the 1H time frame and is trading in its medium-term bearish channel. In the authentic failure of the support area, we can see the continuation of the gold decline and the demand zone. Within the zone of demand, we can buy with a suitable risk reward. If the resistance range is broken, you can sell in the supply zone. The Federal Reserve’s monetary policy meeting is scheduled for today. According to a recent report by Crédit Agricole, it is expected that during the December meeting, the interest rate will be reduced by 0.25%, bringing it to a range of 4.25-4.50%. While this rate cut has largely been priced into the market, the Fed’s monetary statement may carry a hawkish tone. It is anticipated that the Federal Reserve will indicate slower rate cuts in 2025 due to resilient economic conditions and persistent inflation. Crédit Agricole predicts that Jerome Powell, the Fed Chair, will likely hint at pausing rate cuts early in 2025. Additionally, recent employment and inflation data from November suggest that the Fed is in a position to implement this rate cut. However, the risks associated with persistent inflation indicate that the rate-cutting cycle will progress more gradually. Crédit Agricole estimates that interest rate projections for 2025 could be revised to 3.625% and for 2026 to 3.125%. These figures represent reductions of 0.75% in 2025 and 0.5% in 2026, showing smaller decreases compared to earlier forecasts. According to the Financial Times, Israeli negotiators have met with mediators in Doha to discuss a ceasefire with Hamas and the release of hostages from Gaza. These talks are taking place ahead of Donald Trump’s inauguration in January. Both Israeli and U.S. officials remain cautiously optimistic about reaching an agreement, though disagreements over key details persist. The Israeli negotiating team arrived in Qatar on Monday, focusing on resolving major points of contention. It is expected that both sides will respond to a recent mediator proposal, which includes a six-to-eight-week ceasefire and the release of hostages in exchange for Palestinian prisoners. These discussions have intensified following Donald Trump’s victory in the U.S. elections. Steven Witkoff, Trump’s envoy to the Middle East, has met with Benjamin Netanyahu and Qatar’s Prime Minister to advance the agreement. Despite progress, significant challenges remain, including disagreements over the number of hostages to be freed and the presence of Israeli forces in Gaza. While Hamas has softened its stance somewhat, substantial differences still exist. UBS, in its recent report, has projected that gold prices will reach $2,900 per ounce by the end of 2025. A key factor highlighted by UBS is the continued demand for gold from central banks, driven by the declining value of the dollar and diversification of reserves. UBS expects central bank gold purchases to remain strong throughout 2025, supporting elevated gold prices. Moreover, investor demand for gold as a hedge against geopolitical and policy uncertainties will play a significant role in maintaining high gold prices. UBS points to ongoing concerns about the Russia-Ukraine conflict, Middle Eastern tensions, and uncertain fiscal and trade policies under the incoming administration of Donald Trump. These factors could boost investment in gold-backed exchange-traded funds (ETFs). Lower interest rates and a weaker U.S. dollar are additional factors that could drive gold prices higher. UBS predicts that interest rate cuts will continue and the dollar will weaken further, which will bolster demand for gold. In addition to gold, UBS has identified opportunities in copper and other transition metals. Global investments in power generation, energy storage, and electric transportation are expected to serve as long-term drivers of demand for these metals.
FOREXCOM:XAUUSDLong
by Ali_PSND