BUY GOLD TO 2690Hi traders would like to share my forecast for XAUUSD Hope you have profitable trade
XAUUSDK trade ideas
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
GOLD BUYHi Traders
What are you thinking About GOLD.
This Price seems in Buy Side To Top.
Resistance Zone 2700
Support Zone 2663/58
Price will Test Support After Again Rise.
Lets Like and Share Your Minds In Comments .
GoldXAUUSD ( Gold / U.S Dollar )
Double Top
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
XAUUSDXAU/USD, which represents the price of gold against the US dollar, is a widely traded asset in the financial markets. It is often influenced by factors such as interest rates, geopolitical tensions, and economic data. Traders consider it a safe-haven asset, particularly during periods of uncertainty, making it a key indicator of market sentiment.
XAU/USD - Gold bullish move expected...Following the trend line in the H4 time zone and checking the levels of 2650 and 2630, gold can give a good bullish move from either level 2650 (zone 2646-2654) or level 2630 (zone 2626-2634).
With this analysis, we can plan two buy trades: the first one will be from 2654 with a Stop loss of 2644, and the second trade can be from 2634 with an SL of 2624. The targets for both trades can be 1. 2730, 2. 2750, and the third target should be a new all-time high or 2800.
Please follow risk management according to your account capital. Never risk more than 3% of your capital in one trade.
Thanks ...
GOLD → Consolidation. Which way will the momentum go?
XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
Geopolitical tensions will lead to gold strengtheningGold is trading in an ascending channel drawn by the Andrews fork. The support level of $2,646 acts as a critical point, and if it holds, there is a possibility of a rise to the resistance level of $2,702.
Technical and fundamental analysis
1- Technical analysis: The price is close to the lower Bollinger band and is likely to return to higher levels.
2- Geopolitical tensions: Increased tensions in the Middle East have increased demand for gold.
3- Weakness of the dollar: The decline in the dollar index and possible Federal Reserve policies have worked in favor of gold.
Conclusion
Holding the $2,646 level is essential for the bullish trend to continue, and any increase in geopolitical tensions could push the price towards $2,702.
Gold on killing streakMarket completed its inverse M pattern and gives the retest of its bottle neck which we grab the opportunity of 300 pips yesterday.
What scanarios we have now?
As i entered on bearish volume trade from 2668 area with very strict stoploss of 2671.
My optimal traget will be 2652 area for today.
Gold trading opportunitiesFocus on trading around the red area. If it falls to the green area, there is a high probability of a rebound, which can be used as a key buying opportunity.
XAUUSDGOLD will continue to drop until it comes to retest a strong support floor and another descending trendline. break below that level will continue to sink price ,but support at that level will push price up to recover from day losses.
XAUUSDLooking at this chart shows a double-top pattern and implies that we will probably experience an ignoring price below $2600.
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue?
Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected
Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try
Resistance levels: 2675, 2682, 2699
Support levels: 2658, 2636
From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Regards R. Linda!
Gold is nearing the retrace area.Hey Traders, In today's session we’re closely monitoring Gold for a potential buying opportunity around the 2655 zone. The price has broken through the 2655 resistance and is now in a corrective phase, approaching a key retracement area.
Stay vigilant and trade wisely!
– Joe
Gold Trading Idea: Is a New ATH on the HorizonGold prices took a breather on Thursday, snapping a four-day rally and dropping over 1%. This pullback comes amid mixed US economic data, with softer-than-expected job reports and higher producer prices creating uncertainty. Profit-taking ahead of next week’s Federal Reserve meeting further pressured prices, with XAU/USD currently trading around $2,684.
Fundamental Insight
Despite the recent dip, Gold remains a safe haven asset in the face of geopolitical tensions and central banks’ dovish monetary stance. The European Central Bank’s third consecutive rate cut and expectations of the Federal Reserve reducing rates by 25 basis points next week could set the stage for renewed upside momentum.
As we edge closer to year-end, political tensions and easing monetary policies globally could fuel Gold’s potential to challenge new all-time highs.
Technical Outlook
On the charts, Gold respected the $2,720 key level, forming a double-top pattern reminiscent of a "batman face." Key levels to watch are:
Resistance: $2,720
Support: $2,689 and $2,610
A break above $2,720 could signal a bullish continuation, while a dip to $2,610 may offer a strong buying opportunity for long-term traders.
Stay tuned for more trading insights and strategies!
