Gold refiningGold has reached a dynamic support and in the 4-hour timeframe, it is likely to pull back to the previous support level after hitting Fibonacci 50 and start a correction again.
XAUUSD trade ideas
Gold 1H Intra-Day Chart 20.12.2024Our original sell target of $2,580 got smashed! Here is what I am looking for next;
Option 1: Gold takes another dive down towards $2,580 again, followed by $2,560.
Option 2:Gld ranges within a tight zone over the Christmas period, due to low volume in the markets.
Gold Buy Limit OrderDear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
XAUUSD downside target 2560On the 4-hour chart, XAUUSD maintains a volatile downward trend. At present, attention can be paid to the resistance near 2626. If the rebound does not break, the bearish strategy can be maintained. The downward target is around 2560. After breaking, the support below is around 2536.
XAUUSD H6 Bearish Important Gold Update
The US Dollar Index (DXY) remains range-bound between 105.722 and 106.843, maintaining a bullish outlook. Meanwhile, gold prices temporarily continue to benefit from ongoing geopolitical uncertainties and signals of global monetary easing, especially from China. However, with the DXY gaining bullish momentum, gold may soon face downward pressure.
Stay informed:
News is noise, charts are facts.
Possibility of uptrend It is expected that a trend change will be formed in the support range and the support trend line and we will see the beginning of the upward trend. If the price crosses the 100% level, the above scenario will be invalid
XAUUSD Reversal?Yesterday Asia was bringing the price up until NY session dumped it.
Will wait for an aggressive move down today until London. Will also look for buyers if the move down is being accepted.
Gold trading zones: 20-Dec-2024Today’s Gold trading zones: For educational purposes only, use at your own risk.
XAUUSD (Gold) Bullish trade Idea over the breakout of 2604.02 leXAUUSD (Gold) Bullish trade idea over the breakout of 2604.02 level.
Gold fell on the recent 18 Dec 2024 FOMC, and on 19 Dec 2024 the unemployment data was strong for the US dollar, so now I am watching the buy-side trade idea over the breakout of the 2604.02 level with strong confirmations of price at this level.
The setup must meet the required momentum in the price. The sentiments also show the price will move as per the data revelled from various sites.
Setup;
Gold Buy at level: 2604.2-2605.2
Stop Loss: 2599.2 (50 pips) or the low of previous candle
Take Profit; 2623
*Note; If the valid breakout will be found then the setup also valid otherwised find more oppercunity.
Check the trend Given the price action, there is a possibility of a triangle pattern forming. Accordingly, as long as the price does not consolidate above the ceiling of wave c, the above scenario will be valid. Then the continuation of the downtrend is likely.
THE KOG REPORT - ELECTION SPECIAL - UpdateDaily chart – Election Special:
Quick update on the election chart we have been sharing since the beginning November. As you can see it’s worked well, however, at this stage of the movement we should have seen more upside movement on gold, which the accumulation is controlling. We have now added the additional level below 2590, as potential which corresponds with the KOG Report that has been posted.
Otherwise, nice clean movement, projected from the highs, swings were captured and levels worked extremely well. Red arrow was the projection, green arrows tracking movement.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Closing my both Buying orders /#104 Profits rowAs discussed throughout my Thursday's session commentary: "My position: I have new Buy order engaged with #2,667.80 entry point / optimal Target remains #2,682.80 Resistance in extension. If #2,682.80 gives away and market closes above, #2,700.80 benchmark will represent Target to monitor."
I have engaged first Buying order on #2,667.80 and closed on #2,682.80 Resistance. Second Buying order I have engaged on #2,683.80 and closed on #2,697.80 deliver excellent Profit. And on #2,700.80 benchmark break aftermath (and CPI results), I have engaged final Buying order on #2,702.80 and closed on #2,718.80 which delivered spectacular results as I am currently without any orders. I will use this chance to congratulate Traders who followed my calls and had patience to re-Buy every High's, well done!
Technical / Fundamental analysis: Gold has gone into Intra-day Buying rally and having been slightly disconnected on it’s Technical background correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north and invalidated Selling potential once Symmetrical Triangle got invalidated to the upside. Sellers have once again underestimated the Bullish Fundamental potential of reversal of the recent Selling leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts and Middle East escalations, and the probability of doing so is High as December is projected to be Bullish Month for Gold even though December is Bull Month for DX as well. If by some / certain intervention DX start trending downwards, uptrend on Gold will be stalled most likely but for now Buying benchmark is #2,727.80 and should probably be next Gold’s most viable Target if DX don't deliver new full bodied green candle.
My position: I am currently on sidelines, waiting new signal to Trade Gold however the Trade remains "Buy the dip" and I do not believe that there will be any meaningful correction on Gold, at least for current session.
XAUUSD TECHNICAL ANALYISIS (READ CAPTION)hello traders, share your opinion about this chart in comment section.
current price 2682
after retracement of almost 300 pips market has arrived at its supporting point. from this zone market's next move will be 2707 and 2710. market is still bullish and the reason behind retracement is CPI as buyers are waiting for news to be released.
key point:
supporting point: 2675 and 2667
resisitance 2707 and 2710
like, comment and support. thanks four supporting me
Closing my both Buying orders /#104 Profits rowAs discussed throughout my Thursday's session commentary: "My position: I have new Buy order engaged with #2,667.80 entry point / optimal Target remains #2,682.80 Resistance in extension. If #2,682.80 gives away and market closes above, #2,700.80 benchmark will represent Target to monitor."
I have engaged first Buying order on #2,667.80 and closed on #2,682.80 Resistance. Second Buying order I have engaged on #2,683.80 and closed on #2,697.80 deliver excellent Profit. And on #2,700.80 benchmark break aftermath (and CPI results), I have engaged final Buying order on #2,702.80 and closed on #2,718.80 which delivered spectacular results as I am currently without any orders. I will use this chance to congratulate Traders who followed my calls and had patience to re-Buy every High's, well done!
Technical / Fundamental analysis: Gold has gone into Intra-day Buying rally and having been slightly disconnected on it’s Technical background correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north and invalidated Selling potential once Symmetrical Triangle got invalidated to the upside. Sellers have once again underestimated the Bullish Fundamental potential of reversal of the recent Selling leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts and Middle East escalations, and the probability of doing so is High as December is projected to be Bullish Month for Gold even though December is Bull Month for DX as well. If by some / certain intervention DX start trending downwards, uptrend on Gold will be stalled most likely but for now Buying benchmark is #2,727.80 and should probably be next Gold’s most viable Target if DX don't deliver new full bodied green candle.
My position: I am currently on sidelines, waiting new signal to Trade Gold however the Trade remains "Buy the dip" and I do not believe that there will be any meaningful correction on Gold, at least for current session.
XAUUSD_1HShort and medium term gold analysis
Completing 5 rising and falling waves for Anas
Resistance number 2683
Target number and support 2670 and 2650
The main support in the long term is 2650 and the main resistance in the medium term is $2700.
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
GOLD AWAITING FOR INTEREST RATE CUTSGOLDEN PLAN: 13-Dec-2024 / Friday
Personal comments by Pips & Profit:
The price has recovered positively during the week around 2700, sideways and accumulated further. Awaiting for information about interest rate cut in December 2024.
PLAN FOR THE DAY:
Sell Gold Zone 2701-2704
SL: 2709 (Scalp Entry)
TPs: 2695 / 2690 / 2680
Sell Gold Zone 2715-2722
SL: 2728
TPs: 2709 / 2698 / 2688
Buy Gold Zone 2656-2653
SL: 2643
TPs: 2666 / 2678 / 2692
Let's support "Pips & Profit" by Like & Comments. Thanks Everyone.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not a bad day at all on Gold, our path worked well, we got the low, got the move up, got another 50pip short and then switched to the red boxes for bonus scalps. It was literally a level to level, point to point move!
To round up the day, we would say higher level above are to be targeted with support now at the 2675 region and the bias as bullish above. We would like to either see this attack resistance over the Asia session and then confirm a short, or, we'll wait below for the RIP to take it higher.
Not much more to report on.
As always, trade safe.
KOG
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Interesting open on Gold with price attacking the support level we wanted to long, missing by a few pips but the Red boxes giving a decent entry up into the first order region. Once we saw the Red box not being respected and activated long again we continued to long up into that 2670 level we had mentioned in the KOG report.
KOG’s Bias for the week:
Bearish below 2665 with targets below 2620 and below that 2610
Bullish on break of 2665 with targets above 2670 (done) and above that 2685
RED BOXES:
Break above 2639 for 2650 (done), 2660 (done), 2663 (done) and 2670 (done) in extension of the move
Break below 2627 for 2620, 2610 and 2595 in extension of the move
Now we've hit our bias level and support is below at the 2655 region. If held, we could see another test of this high which needs to hold us down in order to go lower. Unless broken above, longs are a bit risky up here unless we get support below. The path shows the potential retest level and support.
As always, trade safe.
KOG
Proffesional traders ONLY use limit orders. Here is whyIn the world of trading, precision, patience, and discipline set successful traders apart. One of the most powerful tools professional traders use to maintain this edge is the buy and sell limit order. These orders allow you to execute trades at predefined price levels, ensuring strategic and calculated decisions. Here’s why buy and sell limit orders are a cornerstone of professional trading—and why they should be part of your strategy.
1. Trade Only at Key Market Points
Limit orders enable you to focus on trading at strategic price levels, such as areas of strong support or resistance. These key market points are where the highest probability setups occur, giving you a distinct advantage over chasing prices or trading impulsively.
Why This Matters:
High-probability trades: Entering at key levels increases the chances of success, as these zones often align with institutional activity and large orders.
Better pricing: Waiting for the price to come to you ensures an optimal entry, increasing the quality of your trades.
For example, instead of buying as the price skyrockets, a professional trader sets a buy limit order at a pullback to a support level, ensuring they enter at a lower price with less risk.
2. If a Trade Is Not There, It’s Not There
Limit orders enforce discipline by ensuring you only trade when market conditions align with your plan. This approach prevents you from forcing trades in suboptimal conditions, a common mistake among less experienced traders.
How This Helps:
Avoid over-trading: Limit orders eliminate impulsive decisions and help you stick to your strategy.
Stay disciplined: You’ll only take trades that meet your criteria, ensuring consistency in your approach.
By accepting that “if a trade is not there, it’s not there,” you avoid unnecessary losses and save capital for high-quality setups.
3. Positive Risk-Reward Ratio Becomes Easier
Trading from key levels using limit orders naturally leads to favorable risk-reward ratios. By entering at strategic points, you can minimize your risk while maximizing your potential reward.
Why Limit Orders Are Ideal for Risk-Reward:
Tighter stop-loss placement: Key levels provide logical areas for stops, reducing the distance between your entry and stop-loss.
Larger profit potential: Trading near support or resistance increases the likelihood of significant price movements in your favor.
For instance, placing a sell limit order at a resistance level allows you to set a stop-loss just above the level while targeting a support zone below, often achieving a risk-reward ratio of 1:3 or higher.
4. Avoiding False Breakouts
One of the biggest drawbacks of trading breakouts is the prevalence of false breakouts, where the price moves briefly beyond a key level, triggers trades, and then reverses sharply. Limit orders help you sidestep this trap.
Why Limit Orders Are Better Than Breakout Trading:
False breakout protection: Limit orders wait for the price to return to a key level, avoiding impulsive entries.
Stronger validation: Entering at key levels ensures you are aligning with institutional activity rather than being caught in speculative moves.
Improved money management: Breakout trades often require wider stops, reducing efficiency, while limit orders allow for tighter, more strategic risk management.
By using limit orders, you position yourself to benefit from price reversals instead of getting caught in false moves.
5. Trade Without Constant Monitoring
One of the most practical benefits of limit orders is that they free you from having to watch the charts 24/5. Once you’ve done your analysis and identified key levels, you can set your limit orders and step away.
Benefits of Limit Orders for Time Management:
Reduced stress: No need to monitor every tick of the market; your orders are automatically executed when the price reaches your level.
Efficient use of time: You can focus on other tasks, projects, or simply enjoy your day while the market works for you.
Confidence in your plan: Trusting your analysis and pre-set limit orders reduces emotional strain, allowing you to trade with peace of mind.
This approach not only improves your time management but also enhances your overall trading performance by minimizing emotional decision-making.
6. Opportunity for Exit on B.E. or with Minimal Loss
When trading from key zones such as support or resistance, even if your target isn't reached and the market reverses and breaks the level, there’s often a rebound (in the case of support) or a retracement (at resistance). This price action typically gives you time to reassess the situation and close the trade at break-even or with a minimal loss.
Benefits of This Feature:
Reduced Losses: Limit orders placed at key zones give you a second chance to minimize risk if the market doesn’t go your way.
Improved Decision-Making: The retracement/rebound period allows you to evaluate the market's behavior calmly rather than reacting impulsively.
Enhanced Flexibility: You gain the opportunity to adjust your strategy in response to evolving price action.
This adds another layer of control and protection to your trades, reinforcing why limit orders are a powerful tool for professional traders.
7. The Best Way to Trade with Discipline and Control
Limit orders are the ultimate tool for maintaining discipline and control in your trading. By setting your orders in advance, you remove the emotional biases and impulsive behaviors that often lead to losses.
Why Limit Orders Promote Discipline:
Structured approach: They force you to pre-plan your trades, ensuring every decision aligns with your strategy.
Eliminate over-trading: By setting specific entry points, you focus only on the best opportunities.
Consistent execution: Limit orders ensure you enter trades based on logic and analysis, not gut feelings.
Conclusion: The Professional’s Tool for Success
Buy and sell limit orders are more than just a trading tool—they are a mindset. They embody the patience, discipline, and precision that define professional trading. By focusing on key levels, avoiding false breakouts, and trading with a positive risk-reward ratio, limit orders help traders achieve consistent and profitable results.
To recap, here’s why professional traders rely on limit orders:
- They ensure trades occur only at key market points.
- They prevent impulsive and undisciplined trading.
- They naturally enhance your risk-reward ratio.
- They protect you from the traps of false breakouts and poor money management.
- They free up your time and reduce stress by removing the need for constant market monitoring.
If you’re serious about improving your trading, start incorporating buy and sell limit orders into your strategy today. They’re not just a tool—they’re the foundation of a professional, disciplined approach to the markets.
XAU/USD Expected Last Long Swing trade of year 2024 in Spot Considering the completion of the corrective downside move in gold, we can expect two swing-long trades this month.
Make sure you follow your risk-reward ratio during placing these trades.
Trade no. 1 - Entry - 2636
SL - 2694
TP - 2790
Trade no. 2 - Entry - 2605
SL - 2694
TP - 2790
