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XAUUSD trade ideas

XAU/USD Bullish Outlook: Wyckoff Accumulation & Breakout PotentXAU/USD (Gold) - 2H Chart Analysis 🏆📈 🔹 Wyckoff Structure Insight The chart shows signs of a Wyckoff Accumulation phase. UTAD (Upthrust After Distribution) at the previous highs suggests a liquidity grab. Test of the resistance level before a strong rejection downward. SOW (Sign of Weakness) was observed, but buyers regained control. 🔹 Key Technical Levels Fair Value Range marked below, showing a potential area of demand. Unfilled Imbalance (EMB unfilled) signals an area where price might revisit before continuing upward. Gap below indicates a previous liquidity sweep before the bullish reversal. 🔹 Trend & Price Action The 200 EMA (red line) is holding as dynamic support. Current price action is showing higher lows and bullish structure development. Projected bullish move 📈 is expected to test the $2,940+ region. 🔹 Trading Bias: Bullish ✅ A retracement to the EMA or minor pullback could offer re-entry opportunities. Invalidation level: Below $2,900, where momentum could shift bearish. 🚀 Gold remains strong; watch for breakouts above $2,940!
OANDA:XAUUSDLong
by MrStellanSight
Gold breaks Upside:- weekly forecast *Gold Trading Forecast Based on Chart Analysis* **Current Market Overview:** - **Gold Price:** $2,973.21 (as per chart) - **Trend:** Uptrend within a rising channel - **Recent Pattern:** Breakout from consolidation zone (highlighted in beige) **Support & Resistance Levels:** - **Immediate Resistance:** $3,000 (psychological level & upper channel boundary) - **Major Resistance:** $3,100 - $3,200 (upper boundary of the blue trend channel) - **Immediate Support:** $2,915 (recent consolidation base) - **Strong Support Levels:** - $2,823 (marked in red, potential pullback zone) - $2,740 (blue support level) - $2,611 (major support zone, lower boundary) **Forecast & Trading Strategy:** 1. **Bullish Scenario (Breakout Above $3,000)** - If gold crosses $3,000 with volume, it may rally toward **$3,100 - $3,200**. - A confirmed breakout could trigger further bullish momentum. 2. **Bearish Scenario (Rejection at $3,000)** - If gold faces rejection near **$3,000**, a pullback towards **$2,915 - $2,823** is likely. - A break below **$2,823** could push gold toward **$2,740**. 3. **Consolidation Possibility** - Gold may trade between **$2,915 - $3,000** before a breakout. **Trading Plan:** - **Long Position:** Above $3,000 targeting $3,100 - $3,200. - **Short Position:** If price rejects $3,000, targeting $2,915 - $2,823. - **Stop Loss:** Below $2,823 for long trades, above $3,010 for short trades.
TVC:GOLDLong
by ktra_commodities
Gold Hitting Fresh All-Time Highs Amid Tariff UncertaintyVersus the US dollar, spot gold (XAU/USD) rallied strongly in the early hours of the US session and is now up 1.5% on the day. Currently trading at US$2,977 and refreshing record highs, the precious metal is on the cusp of bumping heads with the widely watched US$3,000 level. Gold’s Uptrend Remains Intact Although Gold’s multi-year uptrend is not ensured to continue, from a technical perspective, the trend remains unbroken until demonstrated otherwise. And, right now, buyers are certainly in the driving seat. Some analysts use moving averages to indicate a trend change, while others use technical indicators; I prefer good old-fashioned price action to help validate a trend reversal, and I have seen limited evidence thus far. Bulls Targeting US$3,000? The daily chart shows that price action is fast approaching the US$3,000 barrier, with a 1.272% Fibonacci projection ratio circling just above at US$3,002. While this Fibonacci projection ratio is essentially an ‘alternate’ AB=CD bearish structure, I tend only to consider these patterns in downtrends, employing them to help confirm and fade a pullback. However, that is not to say that they cannot be used as profit objectives/potential resistance levels in uptrends. Consequently, given possible negative divergence from the Relative Strength Index, the US$3,000 area could prompt profit-taking. With the above in mind, until the yellow metal reaches US$3,000, this could open the door to short-term bullish scenarios. The H1 decision point area at US$2,966-US$2,971 is a zone I will watch closely for bulls to make a show from in the event price tests this space. Interestingly, this base is accompanied by a H1 channel resistance-turned potential resistance, extended from the high of US$2,922. Written by FP Markets Market Analyst Aaron Hill
FPMARKETS:XAUUSDLong
by FPMarkets
XAUUSD GOLD Idea H2 Gold has shown a strong bullish reversal after breaking structure and retesting the key demand zone around 2880. The price has now flipped previous resistance into support, confirming bullish momentum. If we see a successful retest of the 2920 zone, we could expect a push towards 2955. Key Levels: ✅ Support: 2880 ✅ Resistance: 2920 → 2955 📈 Bullish bias as long as structure holds. Let’s see if buyers step in! Trading involve High Risk This Is Not Financial advice trade at your own risk..
TVC:GOLDLong
by HAAADY
Trading Strategy (XAUUSD) March 12, 2025Gold prices fell on Wednesday on the prospect of a ceasefire in Ukraine, while investors braced for key U.S. inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and recession fears. The United States agreed on Tuesday to resume military aid and intelligence sharing with Ukraine after talks in which Kiev said it would accept a U.S. proposal for a 30-day ceasefire in its conflict with Russia, the two countries said in a joint statement. XAUUSD trading strategy around the price zone: SELL XAUUSD around 2924-2926 Stoploss: 2930 Take Profit 1: 2919 Take Profit 2: 2913 Take Profit 3: 2908 BUY XAUUSD around 2900-2902 Stoploss: 2895 Take Profit 1: 2908 Take Profit 2: 2914 Take Profit 3: 2920 Note: Always set Stoploss in all cases to be safe
OANDA:XAUUSD
by Henrybillion
WHY GOLD IS BULLISH??? DETAILED TECHNICAL AND FUNDAMENTALSXAUUSD is currently trading at 2940 after successfully breaking out of a **bullish pennant** pattern, signaling a continuation of the upward trend. This breakout suggests a strong bullish wave is forming, with a target of 3000 in sight. The bullish pennant is a well-known pattern that occurs after a strong price surge, followed by consolidation before the next leg higher. With the breakout already confirmed, buyers could push gold toward new highs. From a technical perspective, the breakout above the pennant’s resistance indicates growing bullish momentum. If xauusd sustains above 2930-2940, further upside movement is likely, with 2970 as the next key resistance before reaching 3000. Volume confirmation and a retest of the breakout zone could strengthen the bullish case. Traders should watch for price action signals, such as bullish candlestick formations, to confirm the continuation of the uptrend. On the fundamental side, gold remains well-supported due to **global economic uncertainty, central bank gold purchases, and inflation concerns**. The Federal Reserve’s monetary policy decisions will also play a crucial role in xauusd’s next move. A weaker us dollar, lower bond yields, or increased risk-off sentiment could further drive demand for gold as a safe-haven asset, fueling the rally toward 3000 and beyond. In summary, xauusd has completed a **bullish pennant breakout**, setting the stage for a strong push toward 3000. Traders should monitor key resistance levels and volume confirmations for potential buying opportunities. If the momentum sustains, gold could continue its bullish trajectory, offering a high-probability trade setup.
FOREXCOM:XAUUSDLong
by AndrewsMarket-Mastery