Get started
GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSDK trade ideas

GOLD // trade the correctionThe correction is valid, and the daily is in sync with H4 in the short countertrend. There is a clean (not yet tested) brekout on H4 that may stop the price from falling, but scale-in is possible when the valid H4 long countertrend breaks. Target zone is the daily 138.2 and the correction fibo 38.2 levels. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. 🏄🏼‍♂️ Your comments and support are appreciated! 👊🏼
OANDA:XAUUSDShort
by TheMarketFlow
### 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
gold on bullish until breakout 2633#GOLD on H4 shows bullish range on breakout above 2633, possible movement above 2633 will take the price to 2650 which will form another bullish range to overall bullish at 2700, but looking at the D1 price can fall below 2621 which can possible drops between 2610-2616 but if any breakout below 2608 then #GOLD is bearish, price will make move on longer 2570-2500. Firstly we wait for breakout to happen before taking any possible trades. Gold is bullish looking at the H1 but without the breakout above 2633 it won't make move.
FOREXCOM:XAUUSD
by newbeginneracademy
Amidst thin trading volume, Gold looks for $2,650-$2,660Markets lack strong volume as institutional traders are absent. •Despite thin trading, Gold trades above $2624 local support, •Next support $2620 & $2610, Next Resistance $2637 & $2647. •Major Resistance may come at $2655-$2665. As institutional traders are not participating due to holiday season that stretches from Christmas to New Year, markets witness low trading volume. Meanwhile, Gold has been trading above local demand zone $2624 and awaits a break above $2631-$2633 initial hurdle to advance its prevailing rally towards next resistance band $2637 followed by $2647. If this resistance band is cleared with stability above the zone, recovery rally is likely to extend legs for $2655-$2665. Sellers may be seen repositioning their short positions on heights in anticipation of another bearish push lower which will be signalled by strong break below $2624 and downside targets may be considered initially to revisit $2610-$2600 followed by major downside target $2550-$2530.
OANDA:XAUUSD
by abr_analysisFx
XAU/USD (Gold Spot vs. U.S. Dollar)1.Elliott Wave Pattern: The chart appears to follow an Elliott Wave structure, with waves labeled as a, b, and c in pink, likely indicating a corrective wave sequence. Additional waves labeled (W) and (X) in green suggest a complex correction or continuation pattern. 2.Trend Channels: Two prominent trend channels are marked: A descending green channel that encompasses a broader bearish trend. A smaller blue channel, showing a temporary upward correction or consolidation within the larger trend. 3.Possible Scenarios: The yellow markings inside the blue channel might indicate smaller corrective movements. After the completion of the blue channel's correction, the price could break downward, as indicated by the projected green wave (X) path leading to lower levels. 4.Current Price: The gold price is around 2,626.93 USD at the time of the chart, with potential resistance near 2,640 USD (upper boundary of the blue channel) and support around 2,580 USD (projected lower levels). 1. Buy Opportunity: Reasons to Consider Buying: If the price breaks above the upper blue channel, it could signal a bullish breakout, indicating further upward momentum. The support levels, such as around 2,620 USD or the lower green trendline, could act as strong areas to initiate a buy if the price holds there. If indicators like RSI (Relative Strength Index) or other oscillators show an oversold condition, it might suggest a reversal to the upside. Key Buy Levels: Near 2,620 USD, provided support holds. Above the upper blue channel, signaling potential upward continuation. 2. Sell Opportunity: Reasons to Consider Selling: The price is currently within a corrective (blue) channel. If it breaks below the lower blue channel line, it could signal a bearish continuation. The green wave pattern labeled as (X) suggests the possibility of a deeper pullback to levels like 2,580 USD or lower. If the resistance near 2,640 USD holds and the price fails to break above it, it could lead to further downside. Key Sell Levels: Below the lower blue channel, confirming a breakdown. Near the resistance at 2,640 USD, if the price fails to break higher and starts reversing downward. 3. Additional Analysis: Using Elliott Wave Theory: The current corrective wave structure ((W)-(X)-(X)) indicates that further downside is possible before a major reversal upward. If the correction completes near 2,580 USD, this could be an ideal long-term Buy opportunity. Indicators to Watch: Look for confirmation signals, such as trendline breaks, RSI reversals, or moving averages crossing to confirm the trend direction. Recommendations: Short-Term (Intraday): Consider selling if the price breaks below the lower blue channel. Long-Term: Consider buying if the price holds support at 2,580 USD or breaks above 2,640 USD.
FX:XAUUSD
by ENGAbdulkadirHassanMohamud
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418
XAUUSD BEARISH1. Gold rebounded from the downtrend to 2720, which looked like a strong V-shaped reversal. However, the second rally failed to make a new high, still encountering resistance near 2720. It can be confirmed that the 4-hour uptrend has been invalidated. 2. Following this, gold experienced a decline, breaking below the low point of the consolidation zone (2605), stabilizing near 2585 and rebounding. This may form a descending flag pattern. 3. If the rebound fails to break through 2640, a bearish outlook will be considered at 2645. 4. If the rebound rises above 2720, gold will shift to a bullish outlook. (Note: It is important to note that the 50-period moving average has crossed below the 200-day moving average, and the MACD double lines are below the zero line.)
OANDA:XAUUSDShort
by WhaleTJ
XAUUSD on Rising wedge Market is slow because of Christmas. What possible scenario we have at moment? As Market rejected multiple times from 2632 resistance area also rejected from bottom support2690. Gold is on Rising wedge here 2610 support is playing a crucial role,as i mentioned in my yesterday commentary if any H4 candle below 2610 we will trade on bearish side till 2590, will be our first traget. On the other hand,if XAUUSD remain above 2610 it will be in rising wedge,our eyes will at 2632 first and our optimal target will be 2660.
FOREXCOM:XAUUSDLong
by Forexmaestro121
XAU/USD Step-by-Step Trading Roadmap: A Dynamic Story The market opens, and you’re armed with your tools: the 30-minute chart as your primary guide, with the 5-minute for precision entries, the 1-hour and 4-hour for context, and the daily for trend bias. The plan is to adapt as the story unfolds, responding dynamically to price movements, indicators, and market conditions. Act 1: Opening Context and Initial Assessment Morning Check (Pre-Market): Daily Trend: If uptrending, focus on long trades at pullbacks (VWAP lower deviation or Fibonacci retracements). If downtrending, target short trades at resistance (VWAP upper deviation or Kumo rejection). If consolidating, prepare for range-bound trades. Key Levels: Identify support ($2,618, $2,622) and resistance ($2,628, $2,635). Volume and Momentum: Note RVOL (Relative Volume) and RSI. Spikes signal active institutional participation. Act 2: The Setup The price approaches $2,624, a critical level. Now, the story splits into multiple paths: Path 1: Normal Long Trade Scenario: Price pulls back to $2,620 (VWAP lower deviation). Action: Entry: Long $2,620. SL: $2,616 (ATR-based or below recent swing low). TP1: $2,624 (VWAP median). TP2: $2,628 (Fibonacci extension). TP3: $2,635 (Daily resistance). TSL: Once $2,624 is hit, trail SL to $2,622. What-If Scenarios: Price moves up and hits TP1: Scale out 50%, adjust TSL to $2,622. Price reverses: Exit remaining at TSL ($2,622). Price consolidates at $2,624: Monitor 5-minute chart for continuation signals (momentum candles, rising RSI). Path 2: Momentum Trade Scenario: Price breaks above $2,624 with strong momentum (RVOL > 1.5, bullish Ichimoku TK cross). Action: Entry: Buy Stop $2,626. SL: $2,622. TP1: $2,630. TP2: $2,635. TP3: $2,640 (Daily high). TSL: Trail SL to $2,628 once $2,630 is breached. What-If Scenarios: Price hits TP1 and slows: Reduce 50% position size, adjust TSL to $2,628. Price continues to TP2/TP3: Let TSL manage profit locking. Price reverses below $2,628: Exit fully and reassess for a potential short. Act 3: The Reaction The market tests $2,628, the resistance level. Path 3: Reversal Setup Scenario: Price fails to break $2,628 and forms a Shooting Star (bearish reversal candlestick) with RSI divergence. Action: Entry: Short $2,628. SL: $2,631. TP1: $2,624. TP2: $2,622. TP3: $2,618 (VWAP lower deviation). TSL: Trail SL to $2,624 after TP1 is hit. What-If Scenarios: Price reverses and breaks $2,628: Stop out and flip to a long trade. Price moves to TP1 and stalls: Reduce position size, tighten TSL. Price accelerates to TP2/TP3: Let trailing stop lock in profits. Act 4: Scaling and Stalling The market stalls near $2,624 during the London-NYC session overlap. Path 4: Scaling In and Out Scenario: Price consolidates at $2,624 with low RVOL but shows higher lows on the 5-minute chart. Action: Scale In: Add positions if bullish signals emerge (e.g., higher lows, TK cross). Monitor SL placement; keep it tight ($2,622). Scale Out: Take partial profits at $2,628, $2,630. Let the remaining position ride to $2,635 if momentum continues. What-If Scenarios: Price breaks down below $2,622: Exit fully and reassess for short opportunities. Momentum increases: Continue scaling out at Fibonacci levels. Act 5: Breakouts and Volume Surges The price approaches $2,635, a major resistance level. Path 5: Volume Breakout Scenario: Price surges above $2,635 with RVOL > 2.0. Action: Entry: Buy Stop $2,636. SL: $2,631. TP1: $2,640. TP2: $2,645 (Fibonacci extension). TP3: $2,650. TSL: Move SL to $2,635 after $2,640 is breached. What-If Scenarios: Price fails at $2,640: Exit partially at TSL. Price reverses sharply: Flip to short below $2,635. Act 6: Ending Scenarios Scenario 1: Market Consolidates Action: Stay sidelined if no clear signals align across Ichimoku, VWAP, and FVG. Scenario 2: Price Collapses Action: Use mean reversion strategies: Short breakdowns below $2,618. Long at oversold conditions near $2,610 with tight SL. Key Decision Points Summary Level Action SL TP1 TP2 TP3 TSL Strategy $2,618 Long (support pullback) $2,616 $2,622 $2,624 $2,628 Trail SL to $2,620 after TP1 is hit. $2,624 Long (momentum breakout) $2,622 $2,628 $2,630 $2,635 Trail SL to $2,628 after TP1 is hit. $2,628 Short (reversal setup) $2,631 $2,624 $2,622 $2,618 Trail SL to $2,624 after TP1 is hit. $2,635 Long (volume breakout) $2,631 $2,640 $2,645 $2,650 Trail SL to $2,635 after TP1 is hit. Conclusion By following this dynamic roadmap, you’re prepared to react to XAU/USD price movements in real-time, with setups that adapt to market conditions, session-specific opportunities, and evolving momentum. Let the market tell its story—and respond with precision.
FX:XAUUSDLong
by ICHIMOKUontheNILE
Gold is experiencing a massive sell-off, today's market analysisGold fluctuates in a wide range. The hourly chart forms a converging triangle. Pay attention to the range of 2603-2630 to buy low and sell high. The market will be closed early today on Christmas Eve and will be closed all day tomorrow. Gold bulls are powerless, and the main market is still under the control of bears. The gold 1-hour chart hit 2633 twice and was blocked. Then the short-term gold has formed a double top. Gold may fall further. The gold moving average resistance now moves down to around 2632! First support: 2608, second support: 2600, third support: 2588 First resistance: 2620, second resistance: 2632, third resistance: 2646 Trading strategy: BUY: 2603-2601 SELL: 2628-2630
OANDA:XAUUSDShort
by Jun-GoldAnalyst
XAUUSD 22/12/25XAUUSD Analysis Last week, we began with a bullish bias, but our outlook quickly shifted to bearish by Monday's close. This shift led to the significant downside movement observed during the latter half of the week, driven by fundamentals. We saw a substantial run targeting the lower levels, which brings us to today’s bias, which remains bearish. Currently, we are focused on the three liquidity lows as our primary targets. As always, we look to the highs within the range to provide optimal entries for these targets. At the moment, there is a high in the middle of the range, but we are prioritizing the higher, more favorable highs for potential short positions. If an entry aligns with our plan, this could lead to the final sell-off of the week before the New Year approaches. Trade safe and stick to your plan.
OANDA:XAUUSD
by PipSurfingSociety