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XAUUSD trade ideas
GOLD LONG Now is a best time to open your long position on GOLD because it`s about to break and go high
ENTRY - CP
TP - 2665
SL - 2609
XAUUSD ANALYSISHello guys today i am going to share my analysis of gold (XAUUSD). kindly drop your ideas about my analysis .
Gold market is currently running in its support zone. now it is possible that gold (xauusd) can fly to my target if it breaks the resistance because gold respect the support zone many times in last couple of hours .
KEY POINTS
support zone 2611/2608
resistance zone 2618/2621
target 2632
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XAUUSDGold Analysis
Based on my current analysis, I’m observing a potential sell signal for Gold. However, I acknowledge that I might not be entirely correct. There are some upcoming news events that could create buying pressure, which we can’t predict with certainty at this moment.
That said, I always trade based on what I see, not what I’m emotionally attached to or influenced by. Staying disciplined in this approach has been key for me.
Wishing you success in your trades and a happy new year in advance. Stay blessed!
How does gold price change on weekends? What should you note?Hello everyone, Ben here!
Last week, we witnessed a significant drop in gold prices. At one point, gold prices fell to a low of $2,583. Currently, gold is trading around $2,627, stabilizing over the week.
It is clear that the hawkish signal from the Federal Reserve (Fed) last week, indicating that they will slow the pace of rate cuts in 2025, supported the US Dollar (USD) to remain near its two-year high and acted as a drag on the non-yielding gold metal. Additionally, a positive risk trend contributed to limiting the gains of this precious metal.
However, geopolitical risks stemming from the prolonged Russia-Ukraine war and tensions in the Middle East, along with fears of a trade war, continue to provide some support for gold as a safe-haven asset. Furthermore, a modest pullback in US Treasury yields has supported a mild buying tone amid thin trading volumes during Christmas Eve.
Therefore, it would be wise to wait for some follow-through buying before positioning for any further recovery from last week’s one-month low.
The projected price increase is expected to reach $2,650. What do you think about this?
Sincerely,
Bentradegold!
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
After yesterday's significant drop, gold is currently in a corrective phase. This correction is expected to continue with some consolidation in the current range. Once the correction is complete, gold is likely to resume its downward movement toward the identified targets
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Gold at a Crossroads: Key Correction to Avert Deeper DeclineXAUUSD Analysis: Navigating a Complex Gold Market Amid Volatility
The XAUUSD pair is currently navigating a critical juncture as it tests key zones of interest within an ongoing counter-trend correction. This comes after successfully breaching a significant resistance level earlier. However, the broader market landscape remains challenging, with bearish sentiment taking the forefront.
Fundamental Overview
The downward pressure on gold is largely driven by a combination of factors, primarily stemming from the Federal Reserve's hawkish stance. Persistent concerns about inflation, the uncertain trajectory of Trump's future policy, and mixed economic data from the past two weeks have all contributed to a negative outlook for the yellow metal.
One critical point to note is the speculation surrounding the Federal Reserve's approach to monetary policy in 2025. The cycle of interest rate cuts, initially expected to be more aggressive, now appears to be slowing, with projections indicating only two potential cuts for the year. This cautious stance has diminished gold's appeal as a safe-haven asset, adding to the bearish tone in the market.
The correction observed on Friday was largely influenced by the release of PCE (Personal Consumption Expenditures) data, which acted as a temporary catalyst for price movement. However, this correction does not appear sufficient to alter the broader bearish narrative. As the year draws to a close, liquidity in the markets is expected to decline further. This seasonal trend could exacerbate volatility, particularly if assets become mispriced in thinner trading conditions. Traders are advised to exercise heightened caution during this period.
Despite the prevailing bearish sentiment, it is essential to acknowledge the ongoing geopolitical risks that continue to underpin the gold market. Escalating tensions in the Middle East and Eastern Europe have provided a degree of support, acting as a counterbalance to the otherwise negative fundamental backdrop.
Technical Analysis
From a technical perspective, gold appears to be forming a flag pattern following its recent sharp decline. The price is currently trading within the boundaries of this consolidation pattern. For traders, the critical focus should be on the local channel's support and resistance levels, as they will likely dictate the next significant price movement.
Resistance Levels:
2620: A pivotal level where bearish momentum could intensify if broken and defended by sellers.
2631: Secondary resistance that could act as a hurdle for any upward attempt.
2640-2650: This zone could serve as a testing ground if the price attempts to break above the channel resistance.
Support Levels:
2606: Immediate support level that may provide short-term stability.
2560: A deeper support level, which, if breached, could signal a more substantial downside move.
The 2620 level deserves particular attention. Should sellers manage to push the price below this threshold and maintain control, it could significantly amplify bearish pressure, potentially triggering a more pronounced price drop. Conversely, the possibility of a breakout above the flag pattern's resistance cannot be entirely dismissed. In such a scenario, the price might retest the 2640-2650 zone before resuming its downward trajectory.
Market Outlook and Final Thoughts
As we approach the final stretch of the year, market participants should prepare for heightened volatility fueled by reduced liquidity. Mispriced assets during this period could lead to unexpected price swings, making risk management a top priority. While the bearish narrative remains dominant, traders should remain vigilant for any developments that could shift the balance of power, including geopolitical escalations or unexpected shifts in monetary policy.
In summary, the gold market presents a complex mix of technical setups and fundamental drivers. Navigating this environment requires a careful balance of short-term tactical positioning and a broader understanding of the macroeconomic landscape. Keep an eye on key levels and stay prepared for potential surprises in this volatile market.
My Best analysis Gold (XAU/USD) - Sell Setup
This is a 1-hour chart analysis for gold (XAU/USD), highlighting a potential sell trade setup based on key technical levels:
Entry Zone: Highlighted in the pink zone.
Stop Loss (SL): Positioned at 2645. above the recent resistance level to minimize risk.
Take Profit (TP) Levels:
TP1: 2620
TP2: 2610
Analysis:
The price is expected to respect the marked resistance zone and continue downward, targeting the specified TP levels. This setup aligns with the bearish market structure, offering a favorable risk-to-reward ratio.
Gold Trade Plan 24/12/2024Dear Traders,
it seems Gold don't have potential (upward movement)
i expect price will be range 2610-2630 and downward movement will be start soon
to Target 2580-2560-2540
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
XAUUSD ANALYSIS Gold Analysis (XAU/USD) – Key Levels to Watch
Resistance Zone: The price is facing a strong resistance level in the range of $2,700 - $2,750, where selling pressure has historically been observed.
Support Zone: A significant support level is located between $2,500 - $2,550, acting as a strong demand zone.
Take-Profit Target: Based on the current structure and price action, a potential take-profit target is identified at $2,719.
Market Outlook:
Gold has been trading within a defined range, with clear rejections from the resistance zone and bounces from the support zone. The recent breakout suggests the price may move towards the take-profit level if bullish momentum sustains. However, traders should monitor key levels and market conditions closely.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
SELL Gold @ 2636.50We will place a SELL at 2636.50, with a stop loss at 2639.50.
Our profit target for this trade is 1.5 times the risk, set at 2632.00.
XAUUSD RETROCESOXaausd has touched an OB in 15 minutes so it can look for a Retracement, I think the Bias is bearish so it would be a retracement or reversal more than an expansion
Gold retreats from weakness
The price of gold is near the downward trend line on the daily chart and has encountered obvious resistance many times, forming a strong suppression zone. The price trend has gradually narrowed to form a symmetrical triangle, which usually indicates that a breakthrough is coming, although the direction is still uncertain, so we need to pay attention to the specific direction of the breakthrough.
In the short term, the price has rebounded near the lower track (support line) of the triangle many times, with recent lows of 2539.37 and 2583.61, indicating that the support below is strong. The previous adjustment range (2635-2720) still constitutes pressure, and the current price is below the range.
The current price is about 2619.46, slightly below the key resistance of 2635, and is suppressed by the downward trend line. If the 2635 resistance is broken and stabilized, it may test the upper track of the triangle and further explore near 2720. On the contrary, if it falls below the 2580 support line, gold may continue its downward trend and test lower levels.
Trading strategy: It is recommended to wait for the breakthrough signal of the triangle pattern. In the short term, we can pay attention to the rebound pressure in the 2625-2630 area. If it weakens, we can consider placing short orders.
In short, the gold market is at a critical decision point, and we need to pay close attention to the price trend and market sentiment changes in the next few trading days.
If you have different opinions, please leave a message to share. If the analysis helps your trading, please like it to support it.
Signal Of The week Our past week Sell Signal of the week Selling area from 2690/2692 and our Stop loss area is 2697 and gold Touch to 2585 that called accurate signal my 10 years experience in gold so I think gold can more drop what do you think
XAUUSD-ICT/SMCWith the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025.
SMC Trade Idea Bullish Setup on 15-Min Order BlockMarket Overview:
-External Range: Bearish (2651-2584)
-Internal Range: Bullish
Key Zone Identified:
-Buy Zone: 2604-2602
-Bias: Expecting a bounce from the 15-min Order Block, aligning with internal bullish structure.
Trade Plan:
-Entry: 2604-2602
-Stop Loss: Below 2598
-Take Profit: Targeting next key resistance around 2650
Confirmation Signals to Watch:
-Bullish candlestick patterns (e.g., engulfing, pin bar)
-Market structure shift on lower timeframes (5m/1m)
-Liquidity sweep below the buy zone
This setup aligns with Smart Money Concepts (SMC) principles, aiming to capitalize on institutional order flow.
💬 Drop your thoughts below and follow for more trade ideas! 🚀📈 #SMC #TradingStrategy #Forex #OrderBlock #SmartMoneyConcepts
Gold price forecastDonald Trump’s transition team is looking for ways to end conflicts in Ukraine and the Middle East.
The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce.
Donald Trump's transition team is looking for ways to end conflicts in Ukraine and the Middle East.
The trade war between the US and many countries, including China, may not be too tense. Donald Trump only sees tariffs as a negotiating tool. If the trade deficit improves, the trade war is likely to be less fierce.
In the long term, gold is still expected to rise as inflation signals rise again globally. The West has seen inflation return, while many Asian countries have stepped up monetary easing and have plans to pump money.
Gold → A Buying Opportunity or a Market Trap?OANDA:XAUUSD continuing to bring hope for buyers, trading inside the local upward channel resembles a flag on the backdrop of a local downtrend.
In the medium term, the dollar needs to be reassessed in the context of the Fed remaining supportive. This raises the question: What will happen to interest rates? Hold steady or increase? It must be understood that as Donald Trump prepares to return to the White House in January, the market will closely monitor U.S. economic data to forecast how the Federal Reserve will respond to anticipated inflationary pressures from administration policies, including tariffs, deregulation, and tax reform.
The focus remains on U.S. jobless claims data. Economists polled by Reuters forecast around 224,000 claims for the week ending December 21, up from 220,000 claims in the week ending December 14. If jobless claims figures rise significantly, this will put pressure on the USD, and the gold market may start trading with a slightly positive trend. And vice versa. However, Ben does not talk about growth based on these numbers. Theoretically, as prices approach strong resistance levels, selling pressure seems stronger. Be careful!
From a technical perspective, the price has the potential to rebound from any nearby strong level, which could lead to a subsequent decline. A key level to watch is 2620. If the bears manage to break this level and maintain their position below it, the overall selling pressure may intensify, likely resulting in a further price drop. The anticipated decline is expected to reach the range of 2,605–2,600 before setting up for any additional downward moves.
Best regards,Bentradegold!
Wishing everyone a joyful holiday season and a productive New Year 2025!
XAUUSD Accumulation almost over. Strong rally expected to $3000.XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week.
This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern.
As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical.
As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000.
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Bearish drop off overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 2,632.65
Why we like it:
There is an overlap resistance level.
Stop loss: 2,655.19
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 2,593.01
Why we like it:
There is a pullback support level.
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