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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

XAUUSD 1D Idea Trump’s call for lower interest rates at the World Economic Forum added to the dollar’s slide. A weaker greenback enhances gold’s appeal by making it more affordable for foreign buyers, further boosting its demand. Tariff and Trade Uncertainty Lend Support Trump’s rhetoric on trade, including a potentially “friendly” resolution with China, has left traders sceptical about the extent of future tariffs. Markets now anticipate announcements on tariffs targeting Canada, Mexico, China, and the European Union by February 1, diverting attention away from the upcoming Federal Reserve meeting. Expectations that the Fed will keep rates unchanged next week also bolstered gold’s attractiveness in a low-yield environment. Inflation and Instability Keep Gold in Demand Gold’s role as a reliable inflation hedge remains pivotal in this uncertain climate. With zero-yield assets like gold gaining favor during periods of economic instability, traders continue to position for potential central bank accommodation and elevated price levels. A short-covering rally has further amplified gains, though ETF flows remain mixed as traders weigh near-term catalysts. Gold Prices Forecast: Testing Record Highs Gold’s bullish momentum suggests a retest of its all-time high of $2,790.17 could be imminent. Continued weakness in the dollar, coupled with uncertainty surrounding tariffs and trade policy, provides a favorable backdrop for further upside. Traders should monitor tariff announcements and shifts in risk sentiment as key drivers of price action in the week ahead.
OANDA:XAUUSDLong
by GOLDFXCC
GOLD Continuation Set up Gold (XAUUSD) – Multi-Timeframe Technical Analysis 1. Long-Term (Weekly) Outlook • Ascending Parallel Channel: Gold has held an ascending channel since price found support near 2,600. Price is currently at/near the upper region of this channel, indicative of bullish momentum but possible overextension in the near term. • Moving Averages & Ichimoku: • The 50 > 100 > 200 SMA alignment, combined with price trading well above them, confirms a robust long-term uptrend. • Price is also above the Ichimoku Cloud; the lagging span is in open space, reflecting continued bullish bias. • Key Market Structure & Order Blocks: • Bullish Order Block @ ~2,600 marks a major long-term floor. A decisive break below would threaten the macro uptrend. • Cleared a significant bearish order block in 2023, which initiated the current bullish phase. • Momentum & Volatility: • RSI ~69–70, approaching overbought but not definitively reversing. • MACD recently turned bullish on the histogram; both lines remain well above zero. • ADX ~40, curling upward post-consolidation, signaling renewed trend strength. • OBV recovering toward previous highs. A breakout there could fuel additional upside. Weekly Conclusion: The overarching trend is decisively bullish, although price is extended near the upper Bollinger Band and channel. Deeper pullbacks remain possible, but the long-term structure remains positive. 2. Medium-Term (Daily) Perspective • Recent Breakout: A symmetrical triangle break on Jan 13 triggered a surge in price. • SMAs & Ichimoku: • The 50 > 100 > 200 SMA sequence is intact, with the 20 EMA crossing above the 50 SMA again. • Price is above the Ichimoku Cloud, and the lagging span is clear of price action, reinforcing the bullish environment. • Order Blocks & Support Levels: • Bullish OB near 2,560 forms key daily support, with additional support around 2,707 (recent consolidation floor). • Price has invalidated a former bearish OB around 2,685, now functioning as a support/resistance pivot if retested. • Momentum: • RSI ~70–71, indicating near-term overbought conditions. • MACD lines remain above zero; the histogram has printed multiple green bars. • ADX ~28, showing a stable uptrend (positive DMI > negative DMI). • Volatility & OBV: • ATR has ticked up slightly above its 20 EMA, signifying modestly rising volatility. • OBV continues its upward trajectory, consistent with net buying pressure. Daily Conclusion: The trend is firmly bullish, but elevated RSI suggests potential for short-term pullbacks or consolidations. A decisive break below 2,560 would challenge the medium-term uptrend thesis. 3. Short-Term (4H & 2H) Analysis • Ascending Channel: • Since Jan 12, gold has trended within a clear 4H ascending channel. Price recently tested the channel top, showing a mild rejection. • The 2H timeframe reflects a similar structure but on a slightly broader channel boundary. • Order Blocks & Market Structure: • Bullish OBs around 2,750–2,760. A break below 2,750 may open room for a deeper daily retracement. • Consistent higher highs and higher lows across 4H/2H confirm an ongoing short-term uptrend. • Moving Averages & Ichimoku: • The 20 EMA is well above the 50 SMA; price has consistently found dynamic support around the 20 EMA. • Gold is also above the 4H/2H Ichimoku Cloud, with the lagging span clearly above. • Momentum: • RSI (4H) ~66, showing mild bearish divergence compared to previous highs. The 2H RSI displays a similar divergence (peak in price not matched by a new peak in RSI). • MACD remains above zero on 4H and 2H, though histogram bars show some waning momentum. • ADX (4H) ~26, (2H) ~33, indicating strong but not extreme trends; some signs of potential “trend fatigue” are appearing with divergence. • Volume Profile: • 4H POC: ~2,753, closely matching a bullish OB and the lower ascending channel boundary. • 2H POC: ~2,752, with a smaller HVN near 2,775. Short-Term Conclusion: Uptrend remains intact, but divergences in RSI and mild rejections at channel highs hint at a possible short-lived pullback or consolidation. A deeper drop below 2,750–2,760 might lead to more significant corrective action on the 4H chart. 4. Potential Trade Setups A) Bullish Continuation Play (Swing) 1. Pullback Entry: Look for a retracement into 2,750–2,760 (4H bullish OB + volume POC). 2. Triggers: • Bullish reversal candlesticks (e.g., hammer, bullish engulfing). • RSI or MACD bullish cross on lower timeframes (1H or 2H). 3. Stop-Loss: Below 2,740–2,745 to account for potential volatility spikes. 4. Targets: • First Target: Recent local high near 2,814 (short-term resistance). • Second Target: Potential Fibonacci extension levels in the 2,850–2,877 region, aligning with 1.618–2.618 weekly extensions. Rationale: Capitalizes on the strong uptrend, using a pullback into a significant support zone for lower-risk entries. Divergence may cause a short, shallow dip before resuming the larger trend. B) Short-Term Countertrend Play (Note: Higher risk due to the prevailing bullish trend. Typically suited for nimble traders.) 1. Entry Zone: Near the upper channel resistance (~2,810–2,820), ideally when RSI divergence intensifies or a bearish candlestick pattern forms. 2. Stop-Loss: Slightly above the swing high (e.g., 2,830–2,835), given the uptrend can squeeze shorts quickly. 3. Targets: • First Target: The lower 4H channel boundary around 2,760–2,770. • Extended Target (if momentum confirms further downside): The daily support at 2,707–2,720. Rationale: Leverages near-term divergences and overbought technical readings for a quick corrective move. Emphasizes strict stop management, as the broader trend is bullish. C) Momentum Breakout Entry 1. Confirmation: If price breaks and closes decisively above 2,820–2,830 on strong volume, indicating continuation past the channel top and RSI resetting from overbought levels. 2. Stop-Loss: Just below 2,800, or the breakout candle’s midpoint, to minimize risk if the breakout fails. 3. Targets: • Initial: 2,850 (psychological round figure). • Extended: 2,877 (1.618 Fib extension), with potential for further upside if weekly momentum remains strong. Rationale: For traders who prefer waiting on a bullish breakout instead of timing a pullback. Requires volume and momentum confirmation to avoid false breakouts. 5. Risk Management & Final Thoughts • Position Sizing: Given the slight divergence signals and the strength of the overarching uptrend, balancing risk/reward is crucial. • Volatility: ATR is rising across multiple timeframes, so wide stop placement may be necessary to avoid being prematurely stopped out. • Bull vs. Bear: The multi-timeframe consensus remains bullish. Countertrend setups should be treated as shorter-term tactical trades rather than trend reversals. • Fundamental Catalysts: Major economic releases, geopolitical news, or central bank announcements can quickly influence Gold’s price. Always monitor key data releases when planning entries. Disclaimer: This analysis is for educational purposes only and not a recommendation to buy or sell any financial instrument. Always conduct independent research, and consider personal risk tolerance before trading. By following this structured overview—from the weekly down to the intraday level—traders can identify supportive technical confluences for both bullish continuation trades and short-term countertrend possibilities.
OANDA:XAUUSDLong
by EliteMarketAnalysis
Technical Analysis of XAUUSD (Gold/USD) – 4H ChartTechnical Analysis of XAUUSD (Gold/USD) – 4H Chart 1. Review of Last Week’s Trend Strong Uptrend: Gold prices have been steadily rising over the past week, particularly after breaking the structure (BOS) and confirming bullish pressure. Breaking Resistance Levels: The price has moved above the equilibrium level and the PDL (Previous Day Low), approaching the premium zone. Resistance at 2800 - 2820: The red zone (Premium) indicates a strong resistance area where the price has reacted and formed a weak high. 2. Forecast for the Upcoming Week Possible Price Correction: Since the price has reached a strong resistance level (red zone), a potential pullback may occur. The PDH (Previous Day High) could act as support. Key Support Levels: PWH (Previous Week High) 2760 (aligned with the white moving average) 2740 - 2725 (aligned with the green and yellow moving averages) Two Possible Scenarios for Next Week: If the price breaks above the 2820 resistance: The uptrend may continue towards 2840 and 2850. If the price fails to break resistance: A correction towards the mentioned support zones is likely. 3. Impact of News on Gold Trump’s Policies & Geopolitical Tensions: The U.S. warning to Iran regarding Trump could increase market uncertainty, which generally benefits gold. Inflation Expectations & Fed Policies: Any signs of potential rate cuts by the Federal Reserve could further boost gold prices. Economic Data: The release of U.S. employment and inflation data in the upcoming week could significantly impact gold’s movement. Conclusion: ✅ The overall trend remains bullish, but a pullback from the 2820-2800 resistance zone is possible. ✅ Key support levels are 2760, 2740, and 2725. ✅ A breakout above 2820 could push prices towards 2850. ✅ Economic and geopolitical news will play a crucial role in price action.
SAXO:XAUUSD
by hesamdrgym
Gold Monthly and Weekly Summary and Forecast 2/2/2025 As pointed out in my previous week's forecast, gold did retrace to 2730.5 and went up all the way to 2817. It did close the monthly with ATH and broke the previous resistance at 2790. Since the previous ATH was broken, we could see another pump up in the coming week. Looking at the weekly chart, bullish momentum is still strong. I am expecting very minimal retrace next week. First target could be 2859. My long term ultimate target is 2946, which could be achieved by the next few months. Anyway, for the next week's trading strategy, it is simply buy buy buy.
TVC:GOLDLong
by SteadyFund
Gold: New All Time High AheadDisclaimer: This is not a trading advice but a personal analysis. Greetings! what do you think about this analysis. Current Price Now: 2770 Gold is ready to hit new "All Time High". Because market tested all lower positions but could not change the trend. USD's continuous devaluation and the crisis in the Middle East are the reason behind bullish trend in XAUUSD. Gold is currently working under bullish parallel pattern and trying both lower lows and higher highs but it has shown support to bulls. Now market's next move will be to break the last All Time High to give us a new All Time High. Support Areas: 2760, 2745 Resistances: 2788, 2820 Demand Zone: New ATH 2820 Like, comment and support for more updates. Thanks for support
TVC:GOLDLong
by ATF_Trades_FX
Gold ATH $2801 UPDATE 31 Jan 31 2025After recent tarrifs announcement and traders runnings towards safe heaven assets purchase to escape the choppy market gold broke ATH as i mention weeks again during my live trading YT that once sideway trendline is broken,FOMO buying will start and then various outcomes are possible consolidation,breakout fakeout or breakout retest and continutation of upward momentum,seems like recent expected global economic decisions are siding with the safe heaven asset Gold creating more desireability to keep it as a tool to escape inflation and ongoing spark in dollar index pump For more updates keep in touch during live trading YT
FOREXCOM:XAUUSDShort
by ProWolfTrader_89
GOLDEN HOUR - Central Bankers Are Buying Dear followers, Recent data shows that gold purchases of central banks hit their all time high since 1967. ---- History doesn't repeat itself but often rhymes ----- The only difference this time is that there is a new player in town. A digital gold named Bitcoin. However, having long exposure in physical gold TVC:GOLD won't harm you over the next couple months. Stay tuned for updates and shares this message to support my channel!
TVC:GOLDLong
by Goblin777k