Goldlong
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
GOLD BUY | Idea Trading AnalysisGOLD is creating symmetrical triangle and is moving in a descending AND is moving in an UPWARD channel.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity GOLD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
XAUUSD UPDATEXAUUSD is setting up for a significant buying opportunity around the 2685 level. With the market dynamics aligning, it’s crucial to remain patient and let the price action confirm the entry before taking any decisive steps.
XAUUSD UPDATEXAUUSD is setting up for a significant buying opportunity around the 2685 level. With the market dynamics aligning, it’s crucial to remain patient and let the price action confirm the entry before taking any decisive steps.
Boing shows longs on WkHey guys! Hope you doing great.
If you see boing wk chart price just formed PCP level which can extend the price in upcoming weeks.
We can trade the same area to go longs. Wait for the price to get in from these tiny basing candles.
Good luck 👍
GOLD to extend it's gains?Gold - 24h expiry
There is no indication that the rally is coming to an end. Our short term bias remains positive. 5 positive daily performances in succession. Price action continues to trade around significant highs. We look for gains to be extended today. A break of the recent high at 2728.5 should result in a further move higher.
We look to Buy a break of 2728.5 (stop at 2708.5)
Our profit targets will be 2778.5 and 2788.5
Resistance: 2726.3 / 2735.7 / 2750.0
Support: 2710.0 / 2695.0 / 2675.5
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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XAUUSD GOLD 1HR CHARTXAUUSD The outlook remains bullish, holding on to the same target as yesterday. Our analysis continues to support the expectation of upward momentum, reinforcing the importance of patience and precision in trading. Stay committed to the plan and allow the market to align with our projections.
GOLD WILL RETURN SHORTLY 2720 to 30The price is accumulating sideways, in my analysis the price could touch the 2730 area in today's US session
XAUUSD still bullish --> Channel identified2nd supporting trend line identified.
Bullish channel created.
Gold Is GO! And Everything Lined UpThe open was above the Center-Line and everything else lined up nicely.
To me this is a fair Long, with a good Stop below the last MoMo Candle.
I like to take partial profits, so I have two in this case. The first at the 1/4 line, since price has a tendency to bounce there. The second one is the Upper-Medianline-Parallel (U-MLH).
Let the fireworks begin
XAUUSDHere is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at XAUUSD from a bigger perspective . For this we will be looking at the H4 time-frame .
XAUUSD is currently trading at around 2650s . Our scenarios stay the same. Let’s take another look at them with more in-depth outcomes.
Scenario 1: BUYS
We broke above 2660.
That would confirm continuation buys and we would have to keep our eye out on our next KL (Key Level) at around 2714 .
Scenario 2: SELLS
We respected our KL (Key Level) 2660 and have not broke above it.
We are now targeting breaks of 2590 and revisits of 2530 . If 2530 is to be broken, we could easily see our next Key Level sitting at 2480 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair. Be extremely careful if we revisit 2660.
KEY NOTES
- XAUUSD breaking above 2660 would confirm buys UP TO 2714.
- XAUUSD failing to break above 2660 would confirm sells.
- Breaks below 2604 would result in sells, down to 2550 and 2530.
- If 2530 is broken, we can see our next KL (Key Level) 2480.
Happy trading!
FxPocket
Gold Market Analysis: 12-Dec-2024Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
XAUUSD: 11/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2725, support below 2627
Four-hour resistance 2704, support below 2676
Gold operation suggestions: 4-hour chart bottomed out and rebounded, it is expected that the probability of falling below the 4-hour low of 2675 is not high, then look for opportunities above 2675 to continue to arrange long orders, and there may be opportunities to short if the daily high of 2704 is not broken. Radicals can try it, and admit defeat and exit after breaking the daily high of 2704
From the current 4-hour analysis, the upper short-term pressure focuses on 2700-2720, and the lower short-term focus is on the 2676 first-line support. The operation is mainly based on retracement and long
Pay attention to avoid the time of CPI news release to prevent hitting SL due to high market liquidity
BUY:2660near
BUY:2678near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
#GOLD 1HR CHART 🥇 Gold in the Asian session this morning was supported to increase and surpassed the nearest peak at around 2726. But it is currently declining slightly.
➡️With the gold price increasing by nearly $100 since the beginning of the week, chasing gold at this high price level is potentially risky. Gold may have a downward adjustment after the recent increase. However, the upward trend of gold is good, if gold declines to retest the 2690 - 2688 area, you can consider buying gold again.
If anything changes, we will update the view later. Good luck 🛫
Gold Analysis Today DECEMBER 12, 2024 Strong Growth or Collapse?SPDR Gold Trust Gold Fund bought 2.59 tons of gold yesterday, December 11
Important resistance: 2733 - 2740 - 2750
Important support level: 2680 - 2675 - 2700
XAUUSD OANDA:XAUUSD trading strategy
around price area:
BUY XAUUSD around 2700-2701
Stoploss: 2695
Take Profit 1 : 2710
Take Profit 2: 2720
Take Profit 3: 2730
“If there is a break through the 2728 area during the day, we should watch to sell around the 2749-2750 area in a long-term channel.”
SELL XAUUSD around 2749-2750
Stoploss: 2756
Take Profit 1 : 2745
Take Profit 2: 2740
Take Profit 3: 2733
Note: Always install Stoploss in all cases to be safe!
ANALYSIS OF GOLD TREND TODAY, DECEMBER 12, 2024: UP OR DOWN?Technical Analysis from the Chart:
The price has broken through the previous descending trendline (yellow line) and is now in a recovery trend. Currently, the price is approaching a strong resistance zone at $2,710 - $2,725, an area where selling pressure has been prominent in the past.
Key Levels:
Main Resistance: $2,710 - $2,725 (previous highs and key Fibonacci zone).
Nearby Support: $2,680 (MA200 and Fibonacci 0.618).
Strong Support: $2,650 (previous lows and psychological support level).
Indicators:
RSI: Currently near the overbought zone, signaling a potential price pullback in the short term.
Stochastic: In the overbought zone and showing signs of a possible reversal.
Price Action Pattern:
The price is currently testing a strong resistance zone. If it fails to break through, there is a chance it will correct back to support.
Trading Strategy for XAUUSD in the Current Price Range:
SELL XAUUSD around the $2,720 - $2,721 zone:
Stoploss: $2,726
Take Profit 1: $2,715
Take Profit 2: $2,710
Take Profit 3: $2,700
“If the price breaks above $2,728, look for a sell around $2,749 - $2,750 in a longer-term channel.”
BUY XAUUSD around the $2,679 - $2,680 zone:
Stoploss: $2,674
Take Profit 1: $2,685
Take Profit 2: $2,690
Take Profit 3: $2,700
Note: Always set a stoploss in every trade to ensure safety!
@Henrybillion wishes you a successful trading day!
XAUUSD - Gold Monthly TargetOverview:
Gold and silver have outperformed most other "safe haven" assets. These precious metals are ending the year with remarkable gains. Investors have flocked to them as hedges against inflation and market volatility, helping to drive their values upward.
Price:
The Bull trend started back in March! (2040). Nine months of continued bullish price actions and blue candles and the price has topped all the way to 2800. Last month (November) we saw gold drop to 2500 finding support.
Today gold is back on track creating higher highs in the intraday timeframes.
Monthly:
The Cup and handle pattern. On the monthly gold is currently in the cup and handle bull run. Pay attention to the Fibb retracement levels. Gold has already touched the 50% and found support at the .618. With the current volume and bullish momentum, gold could easily find the strength to break higher and reach the target (3500) in the next 3-4 months
Monthly Pattern Target:
3560
Key Levels:
Resistance:
2750
3150
Support:
2500
2600
GOLD TECHNICAL ANALYSIS 1H : WHAT TO EXPECT TODAY OANDA:XAUUSD price is floating around major resistance area. if on the 1h timeframe, price is able to close above 2717 then we can look for buying after support retracement.
BUY TARGET: 2732/2750
But if gold closes below 2675, we can predict that it'll fall towards 2644 soon.
But right now, it's in neutral position. right now wait till any confirmation. Trade rationally not emotionally. follow & like this idea as I'll be updating you guys on the market situation.
XAUUSD potential buy signalHere is our signal on XAUUSD . Potential long opportunity.
As the price on XAUUSD has broken the long-term consolidation at 2666 , we could potentially see more upside on gold if we manage to stay above 2660 . Our entry is sitting at 2667 with SL (Stop Loss) sitting below the 2660 area at 2656.700 . Our TP (Take Profit) is sitting at the next KL (Key Level) at 2685 .
PARAMETERS
- Entry: 2667
- SL: 2656.700
- TP: 2685.000
KEY NOTES
- XAUUSD broke the consolidation area.
- Staying above 2660 would confirm our buys.
Happy trading!
FxPocket
XAUUSD- GOLD BullishXAUUSD- It follow the bullish trend and after the CPI data Gold raised without any down movement. As per the Fib we can expect the target of 2656.
Disc- Only for learning purpose and not a trading recommendation
XAUUSD - 4hr Bum n Run update (final)Let the Trade ride! Understand pullbacks will happen but the price is in motion. Respect the trend.
Gold has officially broken about the accumulation phase. Price has retraced back to previous resistance confirming new support. (2675)
Keep in mind:
Today
Core CPI m/m and CPI y/y
Thu
Dec 12
Core PPI m/m and PPI m/m
**Both of these red news events could shift the short term. watch for wicks and false breakouts
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
