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GOLD trade ideas

XAUUSD: 12/12 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2725, support below 2627 Four-hour resistance 2725, support below 2675-50 Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell unilaterally in the volatile trading. The price of Asian and European sessions rose slightly and pierced the 2726 mark, oscillating and falling. The second rebound in the European session was under pressure, and the 2720 line fell downward and showed a unilateral decline. It accelerated downward in the US session and broke through the 2700 integer mark to reach a weak closing near 2675. The overall gold price showed a suppression adjustment pattern above 2726 in the short term, but the daily level technical indicators did not completely turn empty. From the 4-hour analysis, we pay attention to the suppression of the opening drop 2725 line above, the short-term support of the 2675 line below, and the important support 2650 line below. In the short term, the gold price is expected to enter the long and short wide range of fluctuations. Sell high and sell low, and wait patiently for key points to enter the market. BUY:2650near BUY:2675near The strategy only provides trading directions. Please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week. Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news. PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics. Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form. Resistance levels: 2721 Support levels: 2700, 2682 The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
XAUUSD XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index releaseTechnically, the XAU/USD pair is at risk of extending its slide, albeit far from bearish. The daily chart shows that the pair keeps developing above all its moving averages, with the 20 Simple Moving Average (SMA) maintaining its upward slope below the current level and above also bullish 100 and 200 SMAs. However, technical indicators have turned south, with the Momentum heading firmly south below its 100 level and the RSI also pointing lower, albeit at around 54In the near term, and according to the 4-hour chart, XAU/USD is currently developing below its 20 SMA, which anyway remains above directionless longer ones. The corrective decline could continue, given that technical indicators head firmly lower, although considering the Momentum indicator remains above its 100 line. Support levels: 2,676.30 2,662.50 2,650.40 Resistance levels: 2,693.70 2,704.35 2,722.60
FOREXCOM:XAUUSDShort
by KingForex078
XAUUSD - possible outcomes today?Here is our view and update on XAUUSD . Potential opportunities and what to look out for. Since our last in-depth analysis on XAUUSD posted on November 27th , it has followed the projection and reached 2714 . Right now we have a few opportunities on our hands. Looking at XAUUSD we have possible buys if we break above 2720 and break today’s highs. On the other hand we could see pullbacks down to our PBA 1 (Pullback Area) sitting at around 2700 flat, and we could enter into more safe buys . If we break below 2700 (PBA 1) , we could see some sells in play. To write this in detail, here are the possible outcomes. Scenario 1: BUYS from 2720 We broke above 2720 . That would confirm continuation buys and we would have to keep our eye out on the breaks of today’s highs. Scenario 2: BUYS from 2700 We made the pullback down to 2700 and are trading above it. That would give us a nice and safe area to enter into buys targeting today’s highs or possibly higher. Scenario 3: SELLS from 2700 We broke below 2700 , and are now targeting breaks of 2690 and re-visits of 2675. Personal opinion: The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. KEY NOTES - XAUUSD breaking above 2720 would confirm buys. - XAUUSD failing to break below 2700 would confirm buys. - Breaks below 2700 would result in sells, down to 2690 and 2675. Happy trading! FxPocket
OANDA:XAUUSD
by FxPocket
Adjustment rhythm DOWN ABC ! The buying side is weakening⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Price pressures in the United States are expected to have remained sticky in November, with headline inflation picking up. While the data is unlikely to deter the Federal Reserve (Fed) from cutting rates by 25 basis points (bps) next week, it might limit the scope of the easing cycle heading into 2025. Beyond that, the situation in the Middle East remains uncertain. The Syrian rebels have appointed a prime minister for a transitional government while Israel has stepped up its attacks on the Syrian army’s facilities. Ongoing tensions in the area are buoying safe-haven flows into Gold. ⭐️Personal comments NOVA: Frame H1 - complete 5 rising waves according to elliot. Need a downward adjustment to accumulate for the market ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2746 - $2748 SL $2753 TP1: $2740 TP2: $2730 TP3: $2720 🔥BUY GOLD zone: $2674 - $2676 SL $2669 TP1: $2685 TP2: $2692 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
7
XAUUSD BULLISH ANALYSIS (READ CAPTOIN)Hi taders! Share your opinion regarding this chart. Current price: 2695 Currently gold is being supported by buyers as all d1 candle of this week have created bullish candles. After temporary retracement market has returned to it's bullish trend. Rejection of h4 candle is another indicator of a strong bullish market. If gold breakouts the price 2711 which is our demand zone then market will go further high up to 2732. Key points: Support zone : 2690-2680 Resistance zone 2710-2722 Please like comment thank you support
TVC:GOLDLong
by LindaFxTrading
1
Lingrid | GOLD Weekly PRICE ACTION OutlookOANDA:XAUUSD market continues to consolidate within the range established last week. Despite the release of high-impact news, the market reacted poorly. The current price action indicates a market structure shows lower lows and lower highs giving a slightly bearish sentiment. Even though on the daily timeframe, it seems the market is forming a triangle pattern which is consolidation pattern. I anticipate that the market may remain in this consolidation phase throughout December, as it is common for markets to cool down during this month. On the weekly timeframe, we observe a small range, with liquidity present both above and below. In the long term a breakout above or below this range could lead to two potential scenarios for forming an ABCD pattern. However, I believe the market may drop below the support level of 2535, as the bullish momentum from this zone has not been sufficient to push prices above 2700. This could lead to a dip below that level in order to gather bullish momentum for a subsequent move higher towards an all-time high. However, all things considered, I believe this market will continue to trade within a narrow range. We will need to remain responsive to market movements as the situation unfolds. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
26
Interest rate expectations and geopolitics still drive GOLDOANDA:XAUUSD corrected after rising sharply as the possibility of the Federal Reserve cutting interest rates next week increased significantly after the release of US CPI data. CME Group's "FedWatch" tool shows traders see a 98.5% chance the Fed will cut another 25 basis points at its December 17-18 meeting, a significant increase from the 86% chance before CPI data is released. The U.S. Bureau of Labor Statistics reported Wednesday that the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year in November, both in line with market expectations. Economists surveyed by Dow Jones previously expected this number to increase an average of 0.3% month-on-month and 2.7% year-on-year. Excluding food and energy costs, the US core CPI rose 3.3% year-on-year in November and was up 0.3% month-over-month. Economists surveyed by Dow Jones on average expect core CPI to rise 0.3% month-on-month and 3.3% year-over-year. The market is now focusing on today's (Thursday) US Producer Price Index (PPI) data to shed more light on the Federal Reserve's interest rate cut roadmap. Geopolitical news once again boosted OANDA:XAUUSD On the daily chart, gold corrected after approaching the 0.236% Fibonacci retracement level and temporary upside was limited by this technical level. However, in terms of overall structure, the gold price has enough technical conditions to increase after breaking the falling price channel and bringing the main activity above the EMA21 line. Along with that, the Relative Strength Index also rose above 50, which should be considered a positive signal for the bullish outlook of gold prices. On the other hand, gold is likely to open a new bullish cycle when it breaks above the $2,730 level of the 0.236% Fibonacci retracement then the target is the Volume profile POC point, more so the $2,761 level and all-time highs. era established earlier. During the day, the technical outlook for gold is bullish with notable points listed below. Support: 2,700 – 2,693 – 2,676USD Resistance: 2,730 – 2,742 – 2,761USD SELL XAUUSD PRICE 2741 - 2739⚡️ ↠↠ Stoploss 2745 →Take Profit 1 2734 ↨ →Take Profit 2 2729 BUY XAUUSD PRICE 2669 - 2671⚡️ ↠↠ Stoploss 2665 →Take Profit 1 2676 ↨ →Take Profit 2 2681
OANDA:XAUUSDLong
by Xayah_trading
Acw Ppi analysis Using previous price action of cpi week dec Taking Monday and Tuesday price action We note that price structure is very similar That said using trading view bar pattern tool we copy price action and place into current Thursday We note that structure is similar That said Thursday breaks Wednesday High , similar to Tuesday breaking Monday High We also note that Asia low is similar to Asia low Tuesday We expect Ppi to buy and possible target Nov nfp high leading to a possible ath break on the gc1! Futures contract
ACTIVTRADES:GOLDLong
by Alpha_Capital_Wealth
Gold Price Hits Monthly HighGold Price Hits Monthly High The XAU/USD chart shows: → A notable peak in November near the $2716 level (indicated by the first arrow); → Yesterday, gold surpassed this peak, reaching a new one-month high. Factors Supporting Bullish Sentiment → Yesterday’s US Consumer Price Index data met analysts’ expectations. This bolstered market speculation about a Federal Reserve interest rate cut in December, enhancing the appeal of non-yielding assets like gold. → Geopolitical tensions in Eastern Europe and the Middle East, along with uncertainty surrounding the policy direction and tariff plans of newly elected US President Donald Trump, are contributing to gold’s safe-haven appeal. Technical Analysis of XAU/USD Gold prices have been rising since August within a channel, with the lower boundary marked as Support 1. However, in November, Support 2—a line with a gentler slope—gained relevance, potentially signalling waning demand strength. If buyers are indeed losing momentum, a price reversal from the fresh high could occur. This would suggest a false bullish breakout above the mid-November peak near $2715. Early trading action on the XAU/USD chart this morning lends weight to this potential scenario. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
2
XAUUSD 1HGold is a challenging asset to analyze due to various factors affecting its price, but it offers the potential for higher rewards. In continuation of my previous analysis, which you can view here , there was a slight breach above 2652, which was negligible, and the anticipated decline occurred. The movement reversed just $1.32 away from the announced target. The higher timeframe trend remains bullish; however, before reaching the next targets visible on the chart, I would prefer to see signs of weakness in buyers and their inability to continue the upward move. This analysis is being followed cautiously, with the primary goal of providing an update.
OANDA:XAUUSD
by GreyFX-NDS
1
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed. As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels. The channel top is continuing to provide support like we stated last week, although we saw candle body close below the channel 2 weeks ago, there was no ema5 break into the channel confirming the support and rejection, which allowed us to identify the fake-out and confirm the support. This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. As long as we see no lock below into the channel, we cane safely continue with our plans to buy dips in this range. We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
Impact of CPI Data Key level Predictions and Market Scenario Resistance: $2,710, with potential moves toward $2,705 if bullish momentum continues. Support Levels: $2,683 and $2,687 XAU/USD could break above key resistance at $2,700 and aim for $2,710 or higher in intraday trading. Impact: A softer CPI print, indicating slower inflation, could bolster expectations of Federal Reserve rate cuts. This scenario would likely weaken the US Dollar, making gold more attractive as a safe-haven asset If CPI surpasses forecasts, it would suggest persistent inflation, reinforcing the Fed's need for tighter monetary policy. This could strengthen the US Dollar and pressure gold prices. In conclusion, today's CPI report is pivotal for shaping gold's short-term trajectory, as it directly influences Federal Reserve policy expectations and the US Dollar's strength. Traders should prepare for potential volatility and sharp market moves depending on the inflation data.
OANDA:XAUUSDShort
by TREXTROFX
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, This is the monthly chart idea for our long term/range analysis, which we shared last update in November. Previously after completing the bull targets, we were left with a big detachment to ema5. This was hit and completed for the correction, as highlighted by the circle on the chart, which also gave the bounce, allowing us to buy dips inline with our plans. This month also started with a detachment to ema5 below for a correction, which was nearly completed and can be pulled up to complete, also highlighted with a small mini circle on the charts for visual purpose. This area above 2689 is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas. However, we will keep in mind the channel top that may require a support test. We will continue use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
FOREXCOM:XAUUSD
by Goldviewfx
5
XAUUSD Gold Spot Wave Analysis Elliott neoWaveThe gold chart is nearing the end of wave D and we should expect a price correction to complete wave E towards $2530 soon, but there may be a smaller upward wave remaining. First entry: 2700 Possible second entry: 2740-2750 Stop loss: 2775 Take profit: 2530 This offer has a risk/reward ratio of around 3 Make sure to involve less than 2-3% of your total capital and stick to money management principles This is just a suggestion for consideration
OANDA:XAUUSDShort
by Sina-TFX
XAU/USD 07.12.24OANDA:XAUUSD Hello Traders, For the upcoming week, I anticipate overall bullish momentum. Last week, we may have observed a potential (1)-(2) wave formation. On Friday, a smaller 1-2 wave pattern seemed to emerge on lower timeframes (marked in yellow). A break below the yellow Fibonacci level would support my earlier idea that we might first see an ABC structure within wave (2). However, I believe it's more likely that we have already hit the low for wave (2). This is my outlook for the week ahead: The dollar appears to be at a tipping point, where bears might start taking control.
OANDA:XAUUSDLong
by NeptenFX
1