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XAUUSD trade ideas

"XAU/USD Potential Bullish Reversal with Key Targets Ahead"Technical Analysis for Buy Trend: XAU/USD is showing signs of a potential bullish reversal from the oversold conditions. Indicators: RSI and Stochastic are in oversold territories, suggesting a potential upward movement. Target Areas: 2670, 2700, 2800, and 2900. Trading Scenario Entry Point: 2657 Stop Loss: 2630 Target 1 (TP1): 2700 Target 2 (TP2): 2800 Target 3 (TP3): 2900 Explanation Entry: Enter a buy position at 2657. Stop Loss: Set stop loss at 2630 to limit downside risk. Scenario: If the price reaches the resistance level at 2670 and retraces to 2655, look for a break above 2675. TP1: Set the first profit target at 2700. TP2: If the price continues to move up, set the second profit target at 2800. TP3: For long-term targets, aim for 2900.
OANDA:XAUUSDLong
by tradingdxy85
Gold can exit from pennant and rise to 2700 pointsHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price rebounded from the support line and later dropped to the resistance level, which coincided with the seller zone. After this, the price made impulse down to the support line, breaking the 2720 level, and then tried to grow, but failed and continued to decline next. Then Gold reached the support level, which coincided with the buyer zone, and broke it too, after which Gold dropped to the support line. Next, the price turned around and started to grow inside the upward pennant, where it soon reached the 2615 level and even broke it one more time. After this, XAU continued to grow until it reached the resistance level, which coincided with the resistance line of the pennant, and then turned around and made a correction movement. Price fell to the support level, some time traded near this level, and then rose to the resistance line of the pennant, but later it rebounded and fell back to the 2615 support level. Recently it started to grow and at the moment I think that the price can correct to support line and then rebound up, thereby exiting from the pennant pattern. Next, Gold will continue to grow, so, I set my TP at 2700 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
13
LOOKING TO GO SHORT ON XAU/USDXAU/USD 4H - As you can see from this screenshot I am wanting to see price trade us lower from the Supply Zone I have marked out, price trading into this and rejecting to the downside builds confluence. If you are wanting to be less pre-emptive and wait for entry confirmation you will need to go to the lower timeframes, like the 15M & 5M. This will allow you to get your fractal breaks of structure to the downside to confirm a reversal in trend. a BOS would suggest enough Supply has been introduced to flip the balance, putting an end to this current bullish correction and starting the next bearish leg trading price lower. If you are a higher timeframe trader or someone who is more aggressive with there approach a penetration and rejection may be enough. I will be looking at the lower timeframes for additional confluence for you all, but this is a trading opportunity we could look to take advantage of, I will provide further analysis on this pair shortly.
FOREXCOM:XAUUSDShort
by Lukegforex
XAU ! Scalping ! Buy according to the main short-term trendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside. ⭐️Personal comments NOVA: Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping TP1: $2665 TP2: $2678 TP3: $2688 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
1
Gold forms a secondary high and will fall sharply againHello everyone. Today we can see that the 4-hour chart seems to need to form a triple top resistance at the secondary high point. It can be found that the current trend of the 4-hour chart is very similar to the previous one. Both are after a long period of consolidation and then fall sharply again Therefore, if the current trend of gold replicates the previous market after touching the resistance area, then you must be careful of a sharp drop in CPI If you think my article analysis is helpful to you. You can like it. Thank you for your support. The content posted here will be delayed so you need to pay more attention to my information.
OANDA:XAUUSDShort
by FeaturedTradingSignals
1
GOLD → Consolidation. Which way will the momentum go? XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen? The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP... Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher... Resistance levels: 2651, 2660 Support levels: 2636, 2618 Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
FX:XAUUSD
by MarketAnalyzar
GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools). I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach. These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller. Key levels: Entry: $2,646 SL: $2,680 (just above recent key level to act as a barrier) 1st TP: $2,535 2nd TP: &2,470 Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
CAPITALCOM:GOLDShort
by h77nry