Get started
Gold Spot / U.S. DollarGold Spot / U.S. DollarGold Spot / U.S. Dollar

Gold Spot / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

XAUUSD trade ideas

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
XAUUSD ON SELLING SIDE.As have discussed in our Multitime frame detailed analysis that after the broke of 2665-2670 support area market in in rangbound from 2660-2630 area. What possible scenario do we have? we were expecting the market to retest that 2660 level before futher downward movement and now its happened. On the other hand if market breaks the 2670 and gives the H4 candle closes above our bearish charts will be invaild. Furthermore, we are on looking on sellers volume and our targets will be 2645 first then 2630.
FOREXCOM:XAUUSDShort
by Forexmaestro121
XAUUSD Testing The Idea That Trend Keeps TrendingPreviously when I am doing the DCA thing, I would long when price is at support, and when price breaks through support, I would continue to DCA. However, now I have a new idea since last week, that is to trade in the direction of the current wave's trend while taking into account the overall trend and market condition. Now, even though I believe that a finite resource such as gold (at least on earth), would increase in price in the long run, but it has it's own cycles of ups and downs in the short run, and in this current cycle, I believe it is going to go downwards. Even though price is obviously at a minor Support area currently, but I am going to short XAUUSD because the trend is down, now. Unless if price really pushes itself upwards, and trends upwards, otherwise I have zero reason to be buying right now. Alrighty now, I am not buying now. I am just testing this idea out and journalling it here for all to see if anyone is interested. We shall see how it goes. TLDR : Price trends in one direction, buy in that direction. If price reverses in the opposite direction completely, we would close the current positions and open new positions in the new direction. 1439SGT 16122024
OANDA:XAUUSDShort
by ProfessionalDuckHunter
GOLD MARKET ANALYSIS ☄️Gold market analysis☄️ ➡️Gold grew to 2720 and then had a market crash to 2645. ➡️We need the selling force to weaken past the candlestick signals in H1 and H4, then we will Buy, the 2 Buy zones I suggest for you next week: 2636 - 2614 ➡️In the long run, gold still has the ability to grow to the $3,000 mark, but before there is strong growth, gold will tend to side ways in the H1 and H4 frames or decrease to create selling momentum and deceive the market. ..
OANDA:XAUUSDLong
by TradeAdvisory
xauusd analysis for mondayTechnical Analysis Key Levels: Support: Primary Support: $2,630–$2,640, a crucial level that has consistently held over the past weeks. Secondary Support: A breakdown below $2,630 could lead to further declines toward $2,600 and $2,570 Resistance: Primary Resistance: $2,670–$2,700, a zone gold must clear to confirm bullish momentum. Extended Target: A sustained move above $2,700 could push gold toward $2,720 or higher, with the long-term target near $2,750 Price Action: Gold has been consolidating around $2,650, indicating indecision in the market. Traders are awaiting a catalyst for a breakout in either direction Indicators: RSI: Neutral, indicating no overbought or oversold conditions. Moving Averages: Gold is trading near its 50-day moving average, reflecting a balance between buyers and sellers. Elliott Wave Analysis: Suggests the current correction phase might end soon, potentially paving the way for an upward movement Fundamental Analysis Key Drivers: 1. Federal Reserve Meeting: A dovish stance or pause in rate hikes could weaken the USD, benefiting gold. Conversely, a hawkish surprise could pressure prices. 2. US Economic Data: Housing Data: Strong numbers may support the USD, weighing on gold. GDP Report: A weaker-than-expected reading could bolster gold's safe-haven appeal, while strong data might strengthen the dollar 3. Global Economic Factors: Geopolitical Risks: Persistent uncertainties may sustain demand for gold as a safe-haven asset. Inflation: Gold's role as an inflation hedge keeps it relevant amid ongoing inflationary pressures globally 4. Seasonal Trends: December traditionally sees increased gold demand, linked to year-end portfolio adjustments and festive purchases. Trading Scenarios Bullish Scenario: Entry: Above $2,660 Targets: $2,700, $2,720, and potentially $2,750 Stop-Loss: Below $2,630 Strategy: Look for a confirmed breakout above resistance or positive market sentiment boosting gold. Bearish Scenario: Entry: Below $2,630 Targets: $2,600 and $2,570 Stop-Loss: Above $2,660 Strategy: Watch for rejection at $2,650 or stronger-than-expected US data supporting the USD.
OANDA:XAUUSD
by realmillionairefx
GOLD → Wedge has formed. What next?OANDA:XAUUSD consolidation has been completed as investors rush to take profits after the precious metal’s consecutive price increases, reaching the highest level in more than 5 weeks earlier in the session. Prices are currently testing the gap around 2683 - 2670 (FVG). What’s next? Focusing on policy guidance related to the future of U.S. policies is crucial to determining the certainty of the market's next bullish wave. According to the CME FedWatch tool, there is a 98% probability that the Federal Reserve will cut interest rates at next week's policy meeting. Alex Ebkarian, CEO of Allegiance Gold, notes that the Fed is in a very difficult position as the likelihood of a rate cut next week increases, but inflation remains elevated. From a technical perspective, gold is attempting to escape the battlefield, crossing a key resistance level. A breakout at 2687 has already been established. In theory, the development tends to push prices higher. If gold breaks out of the resistance size, it will provide distribution momentum. Conversely, prices may consolidate further. Ultimately, everything depends on the dollar. Best regards, Bentradegold !
OANDA:XAUUSDLong
by Bentradegold
Gold price faces strong headwinds ahead of Federal Reserve meet After testing resistance at $2,700 at the start of the week, gold is once again on the back foot as stubborn inflation takes its toll on expectations surrounding the Federal Reserve’s easing cycle. The precious metal received a much-needed boost earlier this week as investors reacted to news that China’s central bank resumed buying gold. After a six-month break, data from the People’s Bank of China showed it purchased five tonnes of gold in November. According to many analysts, the data underscores China’s significant role in the gold market and highlights healthy central bank demand heading into 2025. ..
OANDA:XAUUSDShort
by ShumbaFx07
Bears TurnGood luck to all. Some Facts: - reached the top of a trendline that dates back to the 1980’s which have seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some consistent braking power - RSI seems pointy downward - the 2015-18 trendline looks magnetic - the weekly candle just closed speaks for itself - the short term MA and FVG traders will be busy (or tired buying) - the head and shoulders on that record high - you could frame that in theory books - Wyckoff scout cracked through Ice - as a ship on the trading seas then you could say this is a tack to the bear side, no rush though… see you in a few months/years? Would have patience for a 2,150 target minimum from here. What could detract from golds appeal? Better opportunity cost elsewhere that gets faster returns? Could it get worse on the global political situation than it is right now really? Has the very recent (last 2 week) global escalations driven peaks beyond the high (no it hasn't)? Has the interest rate hype already been priced in? Is Trump lined up to do some deals that strengthen dollar and peace, make gold boring again? Ah? Mmm...Shipsy. ⚓️ 🏴‍☠️ 🌊
OANDA:XAUUSDShort
by ShipsyCapital
GOLD--> Testing $2700: What Awaits with Upcoming PPI?OANDA:XAUUSD at the time of writing, prices are fluctuating around $2706, down 0.42% for the day, with not enough momentum to break the $2711 level. Meanwhile, buyers seem to have paused as the market prepares for the upcoming Producer Price Index (PPI) on Thursday. This report is expected to shed more light on the Federal Reserve’s rate-cut trajectory, keeping investors cautious. While prices are currently hovering around a minor pullback, some fundamental factors suggest that any drop may only be short-lived. Treasury yields have steadily declined throughout the year, a trend that typically supports gold. Moreover, persistent geopolitical tensions remain a strong driver for safe-haven demand, reinforcing the allure of the yellow metal. On inflation, while consumer prices have stopped rising aggressively, they remain stable. This stability makes it almost certain that the Federal Reserve will proceed with a 25 basis-point rate cut at its December 17-18 policy meeting. In fact, traders are pricing in a 96% probability of this move, up from 86% before the recent inflation report. From a technical perspective, gold is attempting to escape its main range, breaking key resistance. The focus is on $2700 and $2670. If buyers hold their ground in this region even after the news, prices will continue to grow in the future, as key liquidity zones remain untested. This projected growth is expected to reach levels such as $2758 and $2790. Always stay ahead of the market with Bentradegold—your trusted source for analysis and deep insights!
OANDA:XAUUSDLong
by Bentradegold
Gold price faces strong headwinds ahead of Federal Reserve meet After testing resistance at $2,700 at the start of the week, gold is once again on the back foot as stubborn inflation takes its toll on expectations surrounding the Federal Reserve’s easing cycle. The precious metal received a much-needed boost earlier this week as investors reacted to news that China’s central bank resumed buying gold. After a six-month break, data from the People’s Bank of China showed it purchased five tonnes of gold in November. According to many analysts, the data underscores China’s significant role in the gold market and highlights healthy central bank demand heading into 2025. ..
OANDA:XAUUSDShort
by ShumbaFx07
Gold- 2655-2660 zone remains key for bulls on medium-termLast week's price action was mostly range-bound, characterized by sharp spikes in both directions but lacking a clear trend—challenging conditions for medium-term swing traders. In my last two posts, I shared a moderately bullish bias and even managed a sniper entry at the NFP low. However, Gold failed to sustain upward momentum, so I opted to close the trade with a modest 100-pip profit. Looking at the bigger picture, bulls have shown resilience around the 2620 level. Even last night’s losses were quickly reversed after the market opened, which is another encouraging sign for bullish momentum. That said, a critical resistance level around 2655 continues to cap any medium-term uptrend. For a more substantial move—potentially 400-500 pips—this resistance must be decisively broken . I maintain my bullish outlook and will look to enter on dips. If and when the price breaks above the 2655 resistance level, I plan to double my position to capitalize on the potential upside. However, a daily close below 2620 would invalidate this scenario and prompt me to reassess my strategy.
OANDA:XAUUSDLong
by Mihai_Iacob
9
Lingrid | GOLD Weekly PRICE ACTION OutlookOANDA:XAUUSD market continues to consolidate within the range established last week. Despite the release of high-impact news, the market reacted poorly. The current price action indicates a market structure shows lower lows and lower highs giving a slightly bearish sentiment. Even though on the daily timeframe, it seems the market is forming a triangle pattern which is consolidation pattern. I anticipate that the market may remain in this consolidation phase throughout December, as it is common for markets to cool down during this month. On the weekly timeframe, we observe a small range, with liquidity present both above and below. In the long term a breakout above or below this range could lead to two potential scenarios for forming an ABCD pattern. However, I believe the market may drop below the support level of 2535, as the bullish momentum from this zone has not been sufficient to push prices above 2700. This could lead to a dip below that level in order to gather bullish momentum for a subsequent move higher towards an all-time high. However, all things considered, I believe this market will continue to trade within a narrow range. We will need to remain responsive to market movements as the situation unfolds. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
OANDA:XAUUSDShort
by Lingrid
26