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XAUUSD trade ideas

#XAUUSDGold (XAU/USD) is currently trading at 2617, showcasing strength in the precious metals market. This price reflects heightened investor interest, possibly driven by geopolitical tensions, inflation concerns, or shifts in central bank policies. As a traditional safe-haven asset, gold often benefits during times of economic uncertainty or weakening fiat currencies. A price level of 2617 suggests strong demand, with buyers possibly expecting further upside potential. Traders may also be watching key resistance and support levels closely, as well as macroeconomic indicators like U.S. dollar strength, bond yields, and global risk sentiment. Gold’s performance at this level indicates its role as a hedge against inflation and a store of value in a volatile financial landscape. Future price movement will likely depend on central bank actions, especially the Federal Reserve, as well as any unexpected market shocks.
OANDA:XAUUSD
by SadarExplore
WHAT MOVES LIES AHEAD OF GOLD?FUNDAMENTAL VIEW It’s a quiet week on the economic calendar as the holiday spirit takes center stage, but gold remains in focus. What moves lie ahead for the precious metal? From a fundamental perspective, the FED’s recent 25bps rate cut, paired with a cautious stance on future rate changes, has influenced gold prices. Furthermore, softer U.S inflation data for November has also weakened the dollar and lowered Treasury yields. Hence providing support for gold. This week, markets will keep an eye on U.S. consumer confidence data later today at 7 PM GMT+4. Tomorrow, December 24, 2024, key releases include Core durable goods, durable goods, new home sales, and the Richmond manufacturing index. On Thursday, the weekly unemployment claims are expected, with a forecast of 218K. These and other economic indicators could impact gold prices, given their inverse relationship with the dollar. TECHNICAL VIEW On the daily timeframe, the price is struggling and currently trading below the 50 period EMA at $2,640.493, showing a -28% decrease today after a brief uptick during the Asian session, following significant losses last week. The price is currently leaning bearish, with a potential target at $2,582.181. If this level is broken, the next support targets could be $2,553.488 and $2,489.954. Alternatively, if bullish momentum takes over, the price could rise to $2,655.962, followed by $2,722.389 and then $2,787.129.
CFI:XAUUSD
by CFI
XAUUSD / Consolidation and Breakout ScenariosGold Technical Analysis The price is expected to consolidate between 2620 and 2638 until a breakout occurs. Initially, the price will likely attempt to reach 2638 from the pivot line, which is between 2620 and 2612. If the price manages to break above 2638 by closing a 4-hour or 1-hour candle above this level, it could push further upward toward 2653. Conversely, if the price stabilizes below 2612, it would indicate a bearish trend toward 2585. Key Levels Key Levels: Pivot Point: 2620 Resistance Levels: 2635, 2645, 2653 Support Levels: 2612, 2600, 2558 Trend Outlook: Bearish Trend: Below 2612 Bullish Trend: Above 2620
OANDA:XAUUSDLong
by SroshMayi
XAUUSD . market target 2600 entry point 2612 stop loss 2620Here's a summary of your trade plan for XAU/USD (Gold/US Dollar): Trade Plan 1. _Target_: $2600 2. _Entry Point_: $2612 3. _Stop Loss_: $2620 Your plan indicates a bearish outlook, expecting the gold price to drop from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, geopolitical events, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current XAU/USD market data, analysis, or insights?
TVC:GOLDShort
by Stevenexpert
My expectation for Gold 30.12.2024* inverted cup and handle pattern on the 30 minutes frame * The uptrend line was broken on the 4h frame * will go the pivot point levels (marked in blue curve) My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
OANDA:XAUUSDShort
by moustafa_marei
XAUUSD . market target 2610 entry point 2622 stop loss 2630Here's a summary of your trade plan for XAU/USD (Gold/US Dollar): Trade Plan 1. _Target_: $2610 2. _Entry Point_: $2622 3. _Stop Loss_: $2630 Your plan indicates a bearish outlook, expecting the gold price to drop from the entry point to the target. Key Considerations 1. _Risk Management_: Ensure you're managing risk with proper position sizing. 2. _Market Conditions_: Monitor market conditions, including economic indicators, geopolitical events, and technical analysis. 3. _Trade Adjustment_: Be prepared to adjust your trade plan if market conditions change. Would you like me to provide current XAU/USD market data, analysis, or insights?
TVC:GOLDShort
by Stevenexpert
1
How to trade gold better after the holidays? Combining the above picture, it is not difficult to see the absolute randomness of the market. The current trend of gold prices is still in a rebound trend after falling. Clearly there is a long opportunity, but where is the specific buying point? Some people may choose to short. Of course, these are all executable operations. I tend to go long on gold. The short-term upper resistance is at 2645 or above, which is the front dense trading area, and there is a certain selling pressure. The support below is at 2610-2600. The support strength at this position is relatively large. The importance of integer level support. According to the absolute contingency of the market. Plus the bullish trend. Going long in batches is likely to win. Close the order according to your expected profit. There are no heavy factors on the news for the time being. The Federal Reserve's interest rate decision before Christmas is a heavy bomb, I believe everyone has seen it. But there is no similar news in the short term. Moreover, the deliberate proxy of geopolitical wars will lead to an increase in demand for gold prices, and the gold price will definitely rise all the way with rising risk aversion. So going long is a wise choice. Maintain the above support pressure before breaking the range, and you can do some high-selling and low-buying. Replan after the range is broken. Stay tuned for updates. This way you won’t miss out on real-time analysis. If you are a novice trader, this is a good learning opportunity. If you are a long-time trader, you can also follow the insights to get some trading opportunities. OANDA:XAUUSD TVC:GOLD COMEX:GC1!
TVC:GOLDLong
by Newbie-Trading-
Weekly View On Gold XAUUSD (Week 01/2025)Weekly View On Gold XAUUSD (Week 01/2025) GOLD is in 1. In the tight range since Nov 2024 and it is due for the break out soon. 2. For the positioning, we still have minor bullishness in tact. Summary Slightly Bullish but it is gonna be wild swing as the buyers and sellers fighting it hard to win over each other. So, make your plans accordingly. (See the black dash line for possible future projection of the gold price) DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:XAUUSDLong
by SonicDeejay
XAUUSD 30/12/24Our final gold markup before 2025 arrives and we transition into a new trading year! As expected, the Christmas period brought low trading volume, which leads us to review the setups from last week. With the New Year approaching quickly, we anticipate volume will remain low until 2025. Here’s last week’s text for additional context. XAUUSD 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
GOLD 29TH -4THAS LONG AS THE PRICE REMAINS BELOW THE SUPPLY ROOF, sellers will target 2640-2638 level and sell again. Defending the price at 2610-2613 isn't enough to stop sellers after the breakout of 4hr ascending trendline , ON TECHNICAL THE ROOF 2638-2640 COULD BE TESTED AGAIN IF THE PRICE MANAGES TO BREAK THE 2630 RESISTANCE LEVEL. BREAK AND CLOSE ABOVE THE SUPPLY ROOF WILL RETURN THE PRICE TO THE DEMAND FLOOR AND A PSYCHOLOGICAL LEVEL WITH A BUY POTENTIAL TO TARGET 2694-2700, AT 2694-2700 WE HAVE A STRONG SUPPLY ROOF AT THAT LEVEL CAPABLE OF DROPPING THE PRICE OF GOLD
FX_IDC:XAUUSD
by Shavyfxhub
World gold prices have not changed muchIn its Commodity Outlook 2025 report, TD Securities analysts noted that the Fed's rate-cutting cycle, geopolitical uncertainty and strong central bank demand for gold have pushed gold prices to record highs this year, but capital flows have not provided strong support. "There is no shortage of compelling macro stories that have fueled gold's rally in recent months ahead of the US election. However, the gold rally has not been supported by capital flows. Modules have maintained a 'maximum buy' status since August, confirmed by the largely unchanged COT report. In Shanghai, traders have sold nearly 35 tonnes of nominal gold in recent weeks as domestic investment opportunities have become more attractive. Gold buying has been driven largely by traditional ETFs and China. Fund managers have largely eliminated short positions. At the same time, rising US dollar and US interest rates have reduced the attractiveness of gold to Western capital inflows in the short term."
OANDA:XAUUSDShort
by FalCol_TradingMaster
Daily Analysis of Gold Ounce and to USD – Issue 178The analyst believes that the price of { XAUUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
FOREXCOM:XAUUSDLong
by MoonriseTA
12/27 GOLD AnalysisHere are some important levels that I am watching: 2584 - 2608 - 2622 - 2633 - 2652 - 2664. Todays gameplan OANDA:XAUUSD If the gold price holds above 2634, I would consider a BUY. Set the Stop Loss at 2626 and aim for the First Take Profit target at 2642, with the Second Take Profit target at 2652. If the gold price cannot hold above 2634, I would consider a SELL. Set the Stop Loss at 2638 and aim for the First Take Profit target at 2621, with the Second Take Profit target at 2608. TIPS: It is always wise to trim some positions and protect your portfolio if you see a $1 movement in the GOLD Price. Never let the GREEN profits turn RED!
OANDA:XAUUSD
by Ombabibi