XAUUSDG trade ideas
Gold Intraday Trading Plan 1/7/2024Gold is well supported at 2630. 4hrly TF, a double bottom is formed at the support level. I am expecting price to go higher today. First target 2660. 2nd target 2690.
Daily live trade with XAUUSD in 15m/30m/1h 20250113Daily live trade with XAUUSD in 15m/30m/1h 20250113
GOLD → False Breakout. Can Buyers Recover?Hello, dear friends! Ben here!
Gold has made a false breakout at $2,637 and is now searching for strong support. The current situation is highly complex, both fundamentally and technically.
Fundamentally, the situation remains challenging. Gold's weakness is influenced by the Fed's hawkish stance and the strength of the US Dollar. However, upward pressure on gold persists due to other factors, including the escalation of conflicts in Eastern Europe and the Middle East, Trump’s protectionist policies targeting Europe and Asia, and rising geopolitical risks worldwide.
Technically, after the false breakout at $2,637 (previously a resistance level), the price is now heading toward a new testing zone around $2,622. Below that, the ascending channel support at $2,606 could act as the lower boundary where buyers may start an aggressive play.
Key Support Levels: $2,622, $2,606
Key Resistance Levels: $2,637, $2,647, $2,665
Overall, I lean toward a medium-term bearish trend. However, the local situation remains tense and complicated. If the bulls manage to hold their ground within the ascending channel, gold may continue its upward move.
But! If buyers fail to maintain their position within the channel, a correction could extend the downward momentum further, leading to deeper declines.
Best regards, Bentradegold!
gold daily =3angel pattern we can see 2 scenario frist 60% possibility gold go down touch fibo 61% then can go 3000 area or break support and go to 2000 area (then start up trend to 3000)
second 40% scenario break up 3angel and with zigzag go to 3000 area
advice =according 3angel strategy put sellstop and buystop on last 4hour low\high with SL in other side high\low
wish you low size ,stable profit
XAUUSD: BEARISH TECHNICAL ANALYSIS (READ CAPTION)hello dear traders this is my xauusd analysis.
kindly share your opinion with me about this chart in comment section
current xauusd price is 2639.00
The price of gold now running near our neckline that's w we expect bullish movement from this level to our given resistance if it not break then we expect big sell move from that zone
This is not financial advice but the technical and fundamental analysis show that the price of gold will go down to the our support area
Key points:
supply zone 2710.00/2718.00
resistance 2651.00/2662.00
RBS 2626.00/2633.00
demand 2595.00/ 2584.00
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Gold Before NFPThe US labor market data to be published on Friday is likely to cause further distortions on the currency market, which will also affect gold.
Massive hidden bearish divergences have built up in the gold price in recent weeks. The price is currently trading slightly below the overarching downtrend line, so we expect a significant downward movement.
DeGRAM | GOLD held in the channelGOLD is in a descending channel above the trend lines.
The price is moving from the upper boundary of the channel and resistance level.
The chart has already reached the last target of the harmonic pattern and held in the descending channel.
We expect a correction.
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NFP focus, GOLD is reaching initial bullish conditionsOn Asian markets on Friday (January 10), OANDA:XAUUSD Spot delivery maintains the intraday recovery trend and gold price is currently at about 2,672 USD/ounce, a range of about more than 1 dollar during the day as of the time of writing.
Market participants turned their attention to the US nonfarm payrolls report.
Today (Friday), the United States will release the closely watched non-farm payrolls report, which is expected to cause a big move in the gold market.
Authoritative surveys show nonfarm payrolls in the United States would have increased by 160,000 last December, following a whopping 227,000 increase in November. US unemployment rate expected to fall maintained at 4.2% in December.
The survey found that average hourly wages in the United States are expected to increase 0.3% month-over-month in December, following a 0.4% increase in November. Annual wage growth is likely maintained at 4%.
Better-than-expected US nonfarm payrolls data is seen as positive for the dollar and vice versa. And of course, this greatly impacts the gold price trend.
From a technical perspective, OANDA:XAUUSD is heading for the 4th consecutive day of increase but the real uptrend has not yet been clearly formed.
However, the daily chart of gold prices has also achieved the initial technical conditions for a possible increase in price with price activity above EMA21, POC Volume Profile and the 0.50% Fibonacci retracement level. Currently, these indicators are becoming the closest support.
An important factor for the uptrend to form is the level of 2,693USD, which is considered a technical confirmation point for a newly formed uptrend. Once it is broken above and gold sustains activity above this level, the next target is around $2,730 in the short term.
The relative strength index RSI has also risen above 50. However, the slope is not large but it is still considered a positive signal for gold prices in the near future.
During the day, gold had initial bullish technical conditions and notable levels are listed below.
Support: 2,664 – 2,645 – 2,634USD
Resistance: 2,693 – 2,700USD
SELL XAUUSD PRICE 2691 - 2689⚡️
↠↠ Stoploss 2695
→Take Profit 1 2684
↨
→Take Profit 2 2679
BUY XAUUSD PRICE 2649 - 2651⚡️
↠↠ Stoploss 2545
→Take Profit 1 2656
↨
→Take Profit 2 2661
XAUUSD 1H BUY PROJECTION 13.02.24Reason for XAUUSD Buy
Gold can be an important part of a diversified investment portfolio because its price increases in response to events that cause the value of paper investments, such as stocks and bonds, to decline. Although the price of gold can be volatile in the short term, it has maintained its value over the long term.
Potential Bearish Movement on Gold (XAU/USD) | Short-Term Price Potential Bearish Movement on Gold (XAU/USD) | Short-Term Price Action
This chart displays the 3-hour timeframe of Gold (XAU/USD), where the price is trading within an ascending channel. The current structure indicates a potential breakdown from the lower boundary of the channel, signaling a possible downside move.
Key Levels:
Current Price: $2,689.755
Target 1 (TP1): $2,660
Target 2 (TP2): $2,640
Price Analysis and Potential Strategy:
1. Channel Breakdown: A breakdown below the lower boundary of the channel may confirm a bearish movement.
2. First Target: $2,660, which serves as a significant support level.
3. Second Target: $2,640, representing the next major support zone.
Important Notes:
This analysis is for educational purposes only and does not constitute financial advice.
Monitoring the market trend and volume is essential. Always practice proper risk management in trading.
If you find this analysis helpful, save it and share your thoughts in the comments!
XAU/USD Short Trade Setup | Entry 2690.766 | SL 2700 RR: 1:10Executed a short position on XAU/USD with a strategic entry at 2690.766. Using my standard market structure analysis, I identified a solid resistance level and potential downside momentum. Placing a stop loss at 2700 to manage risk and targeting 2593.019 for a solid risk-to-reward ratio. Ensuring a calculated approach with every trade.
Trade On Gold Spotting A Divergence IdeaTrade Idea: XAUUSD (Gold Spot) - 4-Hour Chart
Analysis:
Price Action:
Volume-Based RSI Color Indicator with MAs spotted a divergence.
The chart indicates that gold is approaching a potential trendline resistance as highlighted by the yellow trendline.
A bearish divergence can be observed between price and the RSI indicator, where the price makes a higher high while the RSI makes a lower high. This indicates weakening momentum.
RSI & Moving Averages:
The RSI is currently at 64.76, close to the overbought region but showing a downward slope.
The 200 SMA and 20 SMA plotted on the RSI suggest that the overall trend remains slightly bullish, but momentum could weaken further if the RSI breaks below its short-term moving average.
Volume-Based Indicator:
Volume does not appear to support a strong continuation, signaling caution for long trades at this resistance zone.
Trade Plan:
Short Entry: Consider entering a short position if the price fails to break above the trendline and confirms a reversal candle (e.g., bearish engulfing) or breaks below a key horizontal support.
Stop Loss: Place a stop loss above the recent swing high near $2,690 to account for a false breakout.
Take Profit: Target the next support zone at approximately $2,620, with an extended target near $2,580 for additional confirmation.
Risk Management:
Risk-to-reward ratio: Ensure a ratio of at least 1:2 or better.
Avoid trading if price decisively breaks above the trendline, as it could invalidate the bearish divergence and lead to further upside momentum.
Note: Continuously monitor volume, RSI, and any fundamental news affecting gold prices (e.g., USD strength, interest rate news). Adjust stops and targets based on price action and volatility.
Buy gold on dips, the rise may extend to 2680-2690Bros, as outlined in the trading strategy shared in my previous article, we went long on gold near the 2640 level. Subsequently, gold rallied as anticipated, hitting my target zone of 2655-2660. We manually closed our long positions around 2659, securing an easy profit of nearly 200 pips—a highly effective trading strategy!
In the short term, gold reached a high of around 2664 during its upward movement. However, due to the impact of PMI data, gold experienced a sharp pullback and is now trading back near the 2642 level. Despite this data-driven decline, I do not recommend chasing liquidity by shorting gold. The bullish structure remains intact, as evidenced by multiple pullbacks that failed to disrupt the uptrend. Moreover, strong buying interest at lower levels continues to support gold, which still has potential for further upside. I anticipate that this round of upward movement may at least test the 2670-2675 zone, with the possibility of extending to 2680-2690.
For the upcoming trades, our primary strategy remains to buy on dips. Key support levels are concentrated in the 2630-2640 range.Bros, are you optimistic about the continued rise of gold? 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!
XAUUSDthe market to drop (bearish). Here's an explanation of the chart from my perspective:
Market Movement:
The price has risen sharply, but it is now sitting at a resistance level (a strong point that the price might struggle to break). It’s likely that this upward movement is temporary.
Moving Averages:
The yellow line (long-term moving average) shows the general market direction, which still has a slight upward momentum.
The blue line (short-term moving average) tracks smaller market movements and indicates that the recent price spike is reaching its limit.
Selling Opportunity (Bearish):
I believe the market is close to reversing downward. The red lines I’ve marked on the chart highlight potential levels the price might drop to, specifically around 2,615 and, eventually, 2,590.
Forecast:
Once the price consolidates and struggles around this resistance, there’s a high chance of heavy selling, which could push the price lower to new levels.
10 Jan - Buy then sellWhat I am seeing. News could cause an up as well, but I at this moment believe down
Daily live trade with XAUUSD in 15m/30m/1h 20250110Daily live trade with XAUUSD in 15m/30m/1h 20250110
Smelling a good buy once again let's see (Bullish Run)Hey everyone this is your boy Hunbal! I am looking for a good buy trade ready for Asian session XAUUSD is ready for a bull run I have 2 confirmations one the rejection from the support level and second choc in m30 time frame so we are hoping a good buy from here (2648) our take profit will be 100 pips 2658 and our stop loss will be 70 pips 2641 I wish we all together print some money.
Good Luck :)
Gold Going DownGold prices rise in early trade as traders await more cues on the path of interest rates in the U.S. Futures are up 0.1% at $2,667.50 a troy ounce, supported by central-bank buying, uncertainties around U.S. tariff plans under President-elect Donald Trump and geopolitical tensions. Meanwhile, the Chinese central bank added to its gold reserves for a second month in a row in December.
GOLD SALES POSITION GOLD SALES POSITION
Greetings traders, this is my idea on gold and it is forming a sell position.
On the chart we can see a bearish movement was forming and it was establishing a sell position.
After the correction, we can see that a downward movement was forming on the chart and it was preparing for a downward price move to the key level of 2558 as a major target.
Similar breakouts of the downtrend were obtained in the period from November 11 to December 11.
In the channel after testing the current level, which suggests that the price will continue to fall.
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XAUUSD TODAY'S SELL TARGETHello dear viewers i am sharing my todays analysis , drop your ideas and follow me for more analysis
market is showing rejection from 2664/2665 from last couple of hours and its a good reason that market will show a massive drop
if market dont break the resistance it will fall to support zone (2648/2650) and if it breaks the ssupport its next target will be 2637
NOTE if market break the resistance today then dont sell gold
KEY POINTS
ENTRY POINT AND SELLING ZONE 2665
SUPPORT 2648/2650
TARGET 2637
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Daily live trade with XAUUSD in 15m/30m/1h 20250107Daily live trade with XAUUSD in 15m/30m/1h 20250107
