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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Monthly view of Gold. A crash from April 2025 - Aug 2027Taking a step back on Gold, we can see how it clearly has been trading within an ascending triangle for many years, often finding resistance and support where we would expect to see it such as on the upper and lower trend lines, as well as the channels equilibrium line in the centre. Currently Gold remains in the lower half of this trend, and it has room to the upside, or downside (since it currently sits near resistance - the channels equilibrium - ), buying is a risk). If we take a look at the previous bull run which occurred Aug 2018-Aug 2020, Gold seen a $1,000 change in price during this time, moving from $1,000 to $2,000 per ounce, psychologically both being key levels. Those two levels also imply that Gold achieved a -1 Fibonacci extension from the previous move. Taking the above into account, and also drawing over the previous moves using with arrow drawings, copying and replacing over the anticipated future direction (starting from the lowest point of the current bull run $1,600, the 50% retracement level in Oct 2022) this too gives us yet another confluence, another perfect line up with regards to all the other analytical reasons why Gold should hit $3,000 and then fall. We will take a look on a closer more relevant timeframe so we can see what will happen in the coming weeks. Take a look below:
FOREXCOM:XAUUSDLong
by Who-Is-Caerus
XAUUSD - Gold went below $2700!Gold is below the EMA200 and EMA50 in the 1H time frame and is trading in its descending channel. If we maintain the drawn channel, we can witness the continuation of gold's decline and limited visibility of the bottom of the channel. Within the demand zone, we can buy with a suitable risk reward. In case of valid failure of the ceiling of the channel, it is possible to sell within the supply zones. Gold demonstrated a strong performance earlier last week, surging nearly $100 from its weekly low and sparking fresh optimism among traders. However, higher-than-expected inflation data and a stronger U.S. dollar reversed the market dynamics, putting renewed selling pressure on precious metals. The latest weekly Kitco survey revealed that industry analysts are evenly split between bullish and bearish views, with a notable portion of respondents adopting a neutral stance. Meanwhile, retail traders’ optimism for gold remained unchanged compared to the previous week. Marc Chandler, CEO of Bannockburn Global Forex, stated, “Gold saw an $85 rally in the first three days of the week, likely driven by reports of China’s central bank (PBOC) adding gold to its reserves for the first time in months. The metal reached $2,726 per ounce on the spot market on Thursday, marking its highest level in over a month, but then turned downward.” He further added, “Some analysts attributed the price decline to stronger-than-expected U.S. Producer Price Index (PPI) data. Nonetheless, gold ended the week on a positive note, breaking its two-week losing streak.” Chandler also noted, “Since late October, this marks only the second positive week for gold. A cautious approach by the Federal Reserve to rate cuts—indicating that rates will be reduced but further cuts are unlikely next year, with a potential halt to tightening policies in early 2025—could pave the way for another test of the $2,600 level.” This week, the Federal Reserve is set to hold a two-day policy meeting, with monetary decisions expected to be announced on Wednesday. The central bank is anticipated to reduce the interest rate by 0.25%, bringing it to a range of 4.25%-4.5%. Additionally, the Fed will release its updated “Summary of Economic Projections,” known as the dot plot. In September, the median Fed officials’ projection for interest rates by the end of 2025 stood at 3.4%. If this forecast is revised down by more than 1%, the U.S. dollar could face immediate downward pressure. In such a scenario, U.S. Treasury yields may decline, boosting gold prices. Market participants will also closely monitor remarks by Federal Reserve Chair Jerome Powell. Should Powell strike a cautious tone regarding further monetary easing and emphasize a gradual approach, the dollar may maintain its strength against its rivals. Conversely, if he raises concerns about declining labor market conditions and their potential adverse impact on economic growth, the dollar could come under selling pressure. Additionally, on Thursday, the U.S. Bureau of Economic Analysis will release the final revision of Q3 GDP data, and on Friday, the Personal Consumption Expenditures (PCE) Price Index for November will be published. Market reactions to the PCE inflation report are likely to remain muted after the Fed’s announcement. According to Bloomberg, Wall Street is shifting its outlook on the U.S. dollar, as Trump’s policies and the Federal Reserve’s rate cuts in the latter half of 2025 could weigh on the greenback. Analysts from Morgan Stanley to JPMorgan predict that the global reserve currency will peak by mid-2025 and then begin to decline. Société Générale also forecasts a 6% drop in the U.S. Dollar Index by the end of next year.
FOREXCOM:XAUUSDShort
by Ali_PSND
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VELOCITY:GOLDLong
by Thief_Trader
Xauusd M30 Gold (XAU/USD) Market Structure Analysis - In-Depth This chart represents the 30-minute timeframe for Gold (XAU/USD), focusing on market structure, price action, and key levels. Below is a breakdown of each key component: 1. Market Structure Analysis ChOCH (Change of Character) ✅: A Change of Character occurs when the market shifts from bearish to bullish or vice versa. In this chart, ChOCH is marked with a ✅ where the price reverses direction and creates a new higher high or lower low, signaling a potential shift in market sentiment. For example: The ChOCH after the strong low ($2,613.377) marks a change from bearish to bullish. Break of Structure (BoS) ❌: BoS indicates when price breaks through a significant swing high or swing low, confirming the continuation of the current trend. In this chart, the BoS levels are marked with ❌ to highlight where price breached key structural points. BoS examples include: The breakdown of earlier support zones confirms bearish momentum. The break of the strong high later shows an attempt to push bullish before failing. 2. Key Levels Supply Zones (Resistance - Green Highlighted Areas): These zones are marked at the points where the price rallied and then reversed downward. They act as supply areas where sellers are active. Examples include: The zone near $2,720 - $2,730 (Strong High), where price faced resistance and failed to sustain further upward movement. Demand Zones (Support - Green Highlighted Areas): Demand zones are marked where price dropped and then reversed upward, indicating strong buyer interest. Examples include: The zone near $2,613.377 (Strong Low), where price formed a bottom and reversed. The intermediate demand zone near $2,640 - $2,650, which initially supported price before breaking lower. Strong High ($2,726.992): This is a significant swing high where price peaked but failed to continue higher. The failure to hold above this level confirmed that sellers dominated this area, pushing the price back down. Strong Low ($2,613.377): This is a significant swing low where price found strong demand and reversed upward. This level represents the most recent bottom before the bullish ChOCH occurred. 3. Trend and Price Movement Initially, the market was in a bearish trend, breaking key support levels (BoS). The strong low near $2,613.377 created a demand zone and a ChOCH, which initiated a temporary bullish reversal. The price then rallied toward the strong high at $2,726.992, breaking through intermediate supply zones on the way up. After reaching the strong high, the price faced strong resistance and reversed sharply, marking a key failure swing. Subsequent price action shows the market breaking back through previous demand zones, confirming a return to bearish structure. 4. Key Observations Bearish Momentum: The rejection at $2,726.992 (Strong High) and consecutive BoS levels indicate a bearish continuation. Key Demand Zone Tested: The demand area near $2,613.377 remains critical for potential reversals or continuation downward. ChOCH and BoS Significance: ChOCH signals trend reversals, while BoS confirms trend continuation. Together, they provide clarity on market direction. Conclusion This chart highlights the importance of: Market Structure: Tracking ChOCH and BoS levels for trend changes. Supply & Demand Zones: Identifying areas of interest where price reacts strongly. Key Levels: Monitoring significant highs ($2,726.992) and lows ($2,613.377) for trend continuation or reversal signals. Overall, the market shows bearish signs after failing to sustain above the strong high and breaking back through demand zones. Traders should watch for price action near the strong low ($2,613.377) to determine if buyers will step in or if bearish momentum continues.
OANDA:XAUUSD
by sufyanmirzaw
Global gold is trying to return to higher levels Gold prices are approaching the 2601-2609 support range on the one-hour timeframe after a price decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50%) and previous strong reactions. The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher levels. If the price can hold this level, a move towards the resistances of 2654 and then 2709 is not far off in the short term. On the other hand, a clear break of this support zone (2601-2609) could lead to increased selling pressure and a drop to lower levels. Traders should pay attention to the reaction of the candles in this zone as well as volume indicators to make better decisions. Using complementary tools such as Bollinger Bands and moving averages can also provide further confirmation for predicting future moves.
FOREXCOM:XAUUSDLong
by arongroups
XAUUSD at Key Pivot Points: Upside or Downside?Hello, OANDA:XAUUSD has respected the 1D pivot point (PP), finding support at this level. The next key level to watch is the 1M PP. If it holds as support, we could see further upside; however, if it acts as resistance once again, a downside move may follow. Optimism for an upward trend remains, but the reaction at this pivot point will ultimately determine the direction of price action. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSD
by TradeWithTheTrend3344
XAUUSDUpdate: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are suggestions for two Fibonacci corrections indicating the formation of the beginning of the rise!!! In this case, the Fibonacci technique works when the price stabilizes above the 0.74 area for two Fibonacci corrections, indicating a local upward movement or a rising coordination. Conclusion: As long as the price is below the sloping line, or continues in the downward direction, the downward trend is preferred if it does not reverse to the upside. The next possible trading area is 2540, this price is considered a support area and the price may head towards it.
VANTAGE:XAUUSD
by chihaaymen
GOLDSTATEMENT CHANGES There were only two notable changes to the statement compared to the prior one as flagged in the statement comparison at the back of this publication. Key is that language around forward guidance shifted. They now say: “In considering the extent and timing of additional adjustments to the target range for the federal funds rate….” Instead of: “In considering additional adjustments to the target range for the federal funds rate….” This is material in that it injects fresh uncertainty into how much further the Committee thinks they will be cutting, and how over time. The second change was the introduction of a dissenting voice. Cleveland’s Hammack preferred to hold at this meeting. A MORE HAWKISH DOT PLOT First, picking up on the last point is the observation that there were actually four dots that preferred a hold today, yet only one voting dissenter. That probably says that the other three Committee members are regional Presidents who aren’t in this year’s voting line-up but some of them may be when that changes in January. In teeing up the subsequent points, charts 1 and 2 show the new dot plot of Committee rate projection and compared to our forecasts for the policy rate.... FUNDAMENTAL FROM SCOTIA BANK FOR ADDITIONAL EDUCATION.
FOREXCOM:XAUUSD
by Shavyfxhub
Gold Short Trade 11/12/2024### Technical Analysis for Gold Futures *Current Pattern:* - *Rising Wedge Formation*: The recent price action suggests that Gold Futures are forming a rising wedge pattern. This bearish pattern indicates that momentum is weakening despite rising prices and may precede a price decline. Traders should look for confirmation of a breakout below the lower trendline to validate this pattern. *Key Resistance Levels*: - *Double Top Formation*: A double top has emerged in the price structure, further reinforcing the bearish outlook. The market has struggled to break above the previous highs, indicating potential exhaustion among buyers. *Target Levels for Price Decline*: - *$2693*: Watch for this level as a potential pivot point. If we break below, it could trigger further selling pressure. - *$2687*: This could serve as the next support; a breakdown here might push prices lower. - *$2676*: Another critical support level, further affirming bearish sentiment if breached. - *$2667*: A substantial support area where buyers may step in; however, sustaining a break below this level could indicate a more significant downward trend. *Volume Analysis*: - Pay close attention to trading volume as prices approach these key levels. A decrease in volume during upward movements could indicate weakening bullish sentiment, while increased volume on downward moves might confirm the bearish trend. *Risk Management*: - It's crucial to implement proper risk management strategies. Consider setting stop-loss orders above key resistance levels to protect against unexpected price reversals, and define your risk-reward ratio clearly before entering any trades. ### Summary: Overall, the technical indicators suggest a bearish outlook for Gold Futures with a rising wedge and double top formation. Key monitoring levels are $2693, $2687, $2676, and $2667 for potential sell opportunities. Maintain awareness of trading volume and employ risk management strategies to navigate this market safely. Safe trading, everyone! 📉💼
EIGHTCAP:XAUUSDShort
by SRFXGlobal
Is Gold will fall on fomc?We closed our bearish trades at 2633 which gives spectacular results ,we started selling from 2645. For today what we have ? Market got rejection from 2633 area and retraced back upwards which confusing the traders ,as we announced in our commentary Market in in rangbound from 2665-2630 area. Today if market closes above 2648 area then our eyes will be at 2665 where we will wait and watch the market momentum and wait for the confirmation of rejection or either more pull up. On the other hand ,if the H4 closes below 2640 area then our eyes will be 2620 first then 2605 in extension. Additionally XAUUSD Price-action is in down trend we can expect more down side after clearing 2660 area. Today FOMC is also comming and we are expecting gold may rise till FOMC then got rejection from 2660-2665. however,our eyes still on 2600 benchmark.
FOREXCOM:XAUUSDShort
by Forexmaestro121
XAU/USD Intra Day/Week Play Gold excited us again last week trading back up to near all time highs so with the coming week based purely on technicals we could anticipate the following happening. Breakout to the downside past 2407 towards key level of 2395 which would then return back to return back to 2406 which would put a break and retest strategy in play for a continuation to the downside to test major level of support at 2372. I am keen on seeing some sort of range ensuing for a few day but ultimately unless we have any major fundamental news sorrounding the current geolpolitcal issues at hand and also inflation then we should see a further continuation to the downside back to 2280 as part of a liquidity sweep from May open prices. Although gold is on the uptrend on the montly, weekly and and daily charts, I also do think it has to at least come back to demand levels at 2146 and possibly test 2076 in lne with the channel uptrend as part of a HTF Long trend analysis but in the near term it's definaley a Short position for me on Gold. Let me know your thoughts on this. Happy Trading. :)
OANDA:XAUUSDShort
by FXCapitalClub
Something is seriously wrong with XAUUSD### **1. Chart Observations 📊** - **Instrument**: Gold Spot / U.S. Dollar (XAU/USD) - **Timeframe**: 1D (Daily Chart) - **Current Price**: $2,652.62 - **Key Levels**: - **Resistance Zone**: Around **$2,700 - $2,740** (marked in red) 🚨 - **Support Zone**: Near **$2,560** and deeper at **$2,400 - $2,360** (marked in green) ✅ --- ### **2. Trendline Analysis 📐** - The chart shows **two intersecting trendlines**: - A **downward sloping resistance trendline** connecting recent highs 📉. - An **upward sloping support trendline** connecting recent lows 📈. - **Breakout Observation**: The price recently broke below the **upward support trendline**, signaling bearish momentum ⚠️. --- ### **3. Candlestick Analysis 🕯️** - Recent candlesticks suggest: - A rejection from the **resistance zone** near $2,700 🔴. - A strong bearish candle broke below the **rising trendline**. - However, the latest candlestick shows signs of hesitation (small-bodied candle), indicating potential indecision 🤔. --- ### **4. Price Zones to Watch 🔍** 1. **Immediate Resistance**: - The red zone ($2,700 - $2,740) will remain a **critical resistance**. A strong break and close above this level would signal bullish continuation 🚀. 2. **Key Support**: - The next support lies at **$2,560**. If the price falls below this, the deeper support at **$2,400** comes into play 📉. --- ### **5. Prediction: What’s Next? 🧭** - Given the recent break below the upward trendline and rejection at resistance, the short-term outlook leans **bearish**: - Price may test the **$2,560 support** in the coming days. If this level holds, a bounce back toward $2,700 is possible 🛑. - However, a **failure to hold $2,560** could open doors for a drop toward the $2,400 - $2,360 zone 🕳️. - **Bearish Outlook (Short-term)**: - Watch for further bearish candles or a retest of the broken trendline as new resistance. - **Bullish Scenario (Alternative)**: - If bulls reclaim $2,700 with strong volume, a breakout rally could follow 📈. --- ### **Key Notes 📝** 1. **Monitor Price Action** near $2,560. 2. **Volume Confirmation**: Higher selling volume near resistance strengthens the bearish case. 3. Stay cautious of fakeouts—Gold is volatile! 🛡️ --- In summary, Gold looks weak below the broken trendline and is at risk of heading toward lower support levels. However, a bounce cannot be ruled out if buyers defend $2,560 aggressively! 👀 🚨 **Trade Carefully and Manage Risk!** 🛑
ICMARKETS:XAUUSD
by rajpatel95133