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GOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAMGOLD / US DOLLAR GRAM

GOLD / US DOLLAR GRAM

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XAUUSDG trade ideas

GOLD THE WEEK TO COME We have an interesting week coming up and starting with the news we have the news that might favor the dollar strength to continue if this happens we might see a correction on gold for a short term and then continue the move to the upside. 2800 might be broken and it could be a fake out for us to go in to consolidation or correction. There is a bit of ease in some of the geopolitical news and this might also reduce the appetite for gold. how i expect this to play out is for gold to come down to 2760 and then try and break the all time highs and come down to 2750-2725 Happy trading
FX:XAUUSDShort
by rasmarcusgarvey
### #XAUUSD #Daily Analysis ### #XAUUSD #Daily Analysis #### **Daily Chart Overview:** - On the **daily timeframe**, gold has faced rejection from the **previous resistance zone**, as highlighted in our earlier analysis. - Tomorrow’s **daily candle close** will be crucial in determining the next direction for gold. --- #### **Key Scenarios to Watch:** 1️⃣ **Bullish Breakout Above 2790:** - If the daily candle closes above the **previous lifetime high of 2790**, there’s a strong likelihood for gold to target a **new lifetime high** around **2858**. 2️⃣ **Retracement to Support (2760-2740):** - The **2760-2740 zone** represents the next significant **support level**. - A retracement into this zone could lead to another **bullish rally**, potentially aiming for a new high. - We will wait for **price action confirmations** before initiating a buy position. 3️⃣ **Bearish Breakdown Below 2760-2740:** - If selling pressure intensifies and the daily candle fails to hold the **2760-2740 support zone**, the next major support level is around **2716-2690**. --- #### **Trading Plan:** - **Option 1:** Look for buying opportunities from the **retracement zone (2760-2740)**. - **Option 2:** Enter long positions after a confirmed breakout above **2790**, targeting **2858**. - **Option 3:** Monitor closely for selling momentum, which could push prices toward **2716-2690**. Tomorrow’s daily close will provide clearer signals—stay prepared and wait for confirmation.
OANDA:XAUUSD
by MrKTechnicalLevels
Gold Today: Steady Climb Toward New HighsHello everyone, it’s great to have you back as we discuss and explore today’s gold price trends. Gold continues to trade near its highs, moving in line with the BOS (Break of Structure) predictions we discussed yesterday. The precious metal has approached the $2760 resistance level and appears poised to break through at any moment. This stable rise in gold is largely driven by movements in the US dollar. After a period of gains, the dollar experienced a significant sell-off, pushing gold to its highest levels in nearly three months. Analysts, including Han Tan from Exinity Group, suggest that gold could reach the psychological milestone of $3,000/ounce if President Trump’s policies further boost inflation hedging and demand for safe-haven assets. What about you? What’s your take on gold’s performance today? Share your thoughts in the comments below, and don’t forget to like if you agree with this outlook! Wishing you all profitable and enjoyable trading!
OANDA:XAUUSDLong
by WIN_Vachirawit
XAU/USD Elliott Wave Analysis: Eye on the Powerful Wave 3OANDA:XAUUSD XAU/USD: Elliott Wave Analysis: Eye on the Powerful Wave 3 Capitalizing on Wave 3 Elliott Wave Analysis Upon inspecting the Gold Spot (XAU/USD) chart: Wave Count: It appears that the market is currently in the middle of an impulse wave. We are likely in wave three (the most powerful and extended wave), which is typically the most lucrative wave for trading. Current Structure: The market previously completed waves 1 and 2. Wave 3 is in progress, potentially subdividing into smaller impulsive waves. Fibonacci Levels: For wave 3, the Fibonacci extension levels 1.618 and 2.618 are critical for take-profit targets. For wave 4, a retracement back to Fibonacci levels 0.382 or 0.5 is probable. Wave 5 should also consider the 0.618 extension for future movement. Buy Strategy Entry: After the completion of wave 4 retracement (around Fibonacci levels 0.382 or 0.5). Take Profit 1 (TP1): Fibonacci extension level 1.618. Take Profit 2 (TP2): Fibonacci extension level 2.618. Stop Loss (SL): Below the start of the current impulse wave (wave 4). Sell Strategy Entry: After the completion of wave 5, when a new corrective wave is expected to start. Take Profit 1 (TP1): Fibonacci retracement level 0.382. Take Profit 2 (TP2): Fibonacci retracement level 0.5. Stop Loss (SL): Above the recent high. VIP Signal Buy Signal: Entry: 2740 TP1: 2784 (440 pips) TP2: 2835 (950 pips) SL: 2720 (200 pips) Sell Signal: Entry: 2840 TP1: 2800 (400 pips) TP2: 2750 (900 pips) SL: 2860 (200 pips) This analysis incorporates Elliott Wave principles, Fibonacci levels, and key indicators displayed on the chart to provide a comprehensive trading strategy. Happy trading! Follow @AlexGoldhunter for Latest Ideas and Minds
OANDA:XAUUSDLong
by Alexgoldhunter