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Xauusdlong

XAU/USD (Gold) - H1 - Triangle BreakoutThe XAU/USD pair on the H1 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2652 Target Levels: 1st Resistance – 2711 2nd Resistance – 2748 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
10
XAUUSDHere is our view on XAUUSD . Potential long opportunity. XAUUSD has been trying to break below our Key Level 2624 for quite some time. Today we sent out an quick update regarding XAUUSD and explaining that if we manage to break below 2624 we could enter into sells to lower Key Levels 2604 and 2590 . However we also mentioned a break above 2640 would result in more upside . Considering the fact we have broke above 2640 we are looking for buys on this pair. PARAMETERS - Entry: 2638.000 - SL: 2628.000 - TP: 2678.000 KEY NOTES - XAUUSD failed to break 2624. - XAUUSD broke above 2640. - Breaks below our SL (Stop Loss) would result in lower prices and possible reverses. Happy trading! FxPocket
OANDA:XAUUSDLong
by FxPocket
3
Trading Strategy and Risk ManagementAnalysis: Today, the gold market is experiencing relatively stable volatility, as market participants await the release of key economic data later this week, particularly from Wednesday to Friday. These reports will have a direct impact on gold’s short-term price direction and provide important insights into market sentiment and capital flows in the coming days. Given that the market is currently in a wait-and-see phase, gold prices are likely to remain range-bound in the short term, lacking any significant trend breakout. From a technical perspective, gold is currently facing resistance at the 2650 level and support at 2635. These two levels are likely to define the boundaries of gold’s price fluctuations. Based on this, the trading strategy for today is as follows: Consider establishing short positions above 2650, as gold may face a pullback. Consider establishing long positions below 2640, as there is potential for a price rebound. Add to long positions near 2635, while closely monitoring the effectiveness of the support level. Disclaimer: The above analysis is for informational purposes only. Investment decisions should be based on individual risk tolerance and current market conditions. It is important to avoid blindly following signals or taking large positions, and to strictly adhere to risk management principles to avoid unnecessary risks.
OANDA:XAUUSD
by Falcon-Training-Camp
Israel's Shift to Syria and Its Impact on Gold PricesOver the weekend, the fighting between Israel and Lebanon paused, and Israel turned its attention to Syria, hoping to use this move to weaken the Russia-Ukraine war situation. However, as of now, the situation remains deadlocked, and Ukraine has not gained any significant advantage. Many of you may not understand the connection between these events, but here’s a simplified explanation: Ukraine and Israel are in the same camp. While Ukraine has been facing difficulties in the Russia-Ukraine war, Russia holds over 80 strategic points in Syria. If Russia loses these, it would be a significant blow. So, Israel, as an ally of Ukraine, attacked Syria, hoping to help Ukraine gain an upper hand before a ceasefire, thus securing more significant benefits. However, up to now, things have not gone as smoothly as expected. Russia deployed troops to Syria, and in the process of attacking, they destroyed a command center of the four-nation alliance. Reports suggest that the leader of the Shams Liberation Organization may have been killed in the strike. Due to the stalemate in the war, gold's price movement has been unclear. In this situation, the focus should be on the developments in Syria. If Israel gains the upper hand, the probability of gold rising increases significantly. From a technical standpoint, the bulls currently have a slight advantage. Key support is at around 2635. As long as this support holds, the bullish momentum is likely to continue, and we may see a rapid rally at any time.
OANDA:XAUUSD
by TradingGuide_Dean
1
Gold Price Analysis: Key Support at 2635Today, we made two successful long trades on gold. The first target was 2635-2643, and the second target was around 2650. Both targets were hit, and we enjoyed substantial profits. Now, gold has retreated below 2640, with weak support around 2635. If the price can stabilize around this support level, an upward move is expected. However, if the price breaks below this level, we could see a head and shoulders pattern forming, and the price might return to around 2625. Currently, the market is experiencing low volatility, and the key trading opportunities for this week will likely come between Wednesday and Friday. A large amount of data will be released, which could lead to significant fluctuations in gold prices, offering even more favorable opportunities for trading.
OANDA:XAUUSDShort
by TradingGuide_Dean
Gold Market Analysis 12/2At the start of the Asian session today, gold continued its downward movement, reaching back to the previous low near 2620. Typically, previous lows often provide some support. Today, we have seen multiple candlesticks with lower wicks at this level, indicating that the support is holding well at the moment. Key Levels to Watch: Support: 2615 remains a key level of support. If this level holds, a rebound is expected. Resistance: The resistance zone is between 2635-2643. Watch for potential price action around this area, as it could signal either a break higher or a reversal. Market Outlook: Given the current support at 2620 and the signs of a potential rebound, I expect a move higher, with the next target being the 2635-2643 resistance zone.
OANDA:XAUUSDLong
by TradingGuide_Dean
GOLD (02/12) | Bears are Gaining Momentum. Retesting the ResistaXAUUSD is declining after falsely breaking the resistance level of the range. The fundamental backdrop is mixed and still does not allow for the formation of a clear mid- to long-term strategy. Trump's policies are creating new risks. Before taking office, he signaled the possibility of raising tariffs globally (on Canada, Mexico, Europe, China, and BRICS countries). Increased geopolitical risks are also affecting metal prices. On the backdrop of a strengthening U.S. dollar and expectations that the Fed will cut interest rates, gold prices are falling, confirming the bearish structure of the market. The market's attention is focused on the U.S. ISM Manufacturing PMI index. Technically, the price is breaking below the ascending support line as well as the 2636 level, indicating a dominant bearish sentiment. A correction is forming, and we should pay attention to resistance zones, liquidity, and key imbalances. Resistance levels: 2636, 2650 Support levels: 2622, 2618, 2605 A retest of the broken structure and the previously significant levels is forming. A false breakout of the 0.5-0.7 Fibonacci retracement (retest) could trigger aggressive selling due to the newly strengthened U.S. dollar. However, globally, gold is still within a sideways range without a clear trend. 🪙SELL XAUUSD | 2651 - 2652 ⚰️SL: 2656 ⬆️TP1: 2644 ⬆️TP2: 2639 🪙BUY XAUUSD | 2580 - 2581 ⚰️SL: 2575 ⬆️TP1: 2586 ⬆️TP2: 2591 This concludes the article. Best wishes for a healthy, joyful, and happy weekend.
OANDA:XAUUSD
by Henrybillion
CHOCH IN 5 MIN BUY THE RETRACEMENTGold is exhibiting a notable retracement on the 5-minute chart, creating a potential buying opportunity for traders watching short-term movements. As the price pulls back to test key support levels, market participants are closely monitoring for signs of a bounce that could confirm bullish momentum. This setup highlights the significance of precision in timing entries and managing risk, as gold's next move could define the near-term trading outlook. Will the precious metal regain strength, or is further downside ahead? The next few candles will be critical...
OANDA:XAUUSD
by SadarExplore
Gold Hits 2635 Target, Next Focus on 2646 ResistanceDuring today's Asian session, I shared a long strategy with a target of 2635-2643. Currently, the price has risen above 2635, and we have secured our first profit of the week. Congratulations to all who followed the strategy! The price is still on an upward trend, and a rise to around 2640 should be achievable. At that point, we need to pay attention to the resistance near 2646 and observe if it breaks. A slight pullback is expected, with key support around 2632-2628. If the support holds, we could see the price push back above 2650.
OANDA:XAUUSDLong
by TradingGuide_Dean
Analysis of the Downward Trend in Gold Prices This WeekGold prices remained stable above $2,600 in the past week, primarily supported by increasing geopolitical tensions. However, after Donald Trump's victory in the U.S. presidential election, gold still faced pressure to limit its price increase, as the U.S. dollar is expected to be supported by Trump's win. Regarding gold's recent recovery, after the release of the U.S. Personal Consumption Expenditures (PCE) data earlier this week, which met expectations, market anticipation for a Federal Reserve rate cut in December has risen, driving gold prices higher. Currently, the market is pricing in about a 66% chance of the Fed cutting interest rates by 25 basis points in December, a significant increase from just over 50% a week ago. Geopolitical tensions in Europe, caused by Russia's missile attack on Ukraine, have also provided support for safe-haven assets like gold. The Israeli military announced on Thursday that their air force had struck a facility in southern Lebanon used by Hezbollah to store medium-range missiles, as both sides accused each other of violating the ceasefire agreement. On Thursday, Russia launched its second major attack this month on Ukraine's energy infrastructure, causing widespread power outages in the country. Gold OANDA:XAUUSD is generally seen as a safe investment during periods of economic and geopolitical instability. Gold prices have dropped about 3% this month, hitting a two-month low on November 14. This is mainly due to the strengthening U.S. Dollar since Trump's election, and his tariff policies, which are seen as likely to push inflation higher, thus slowing down the Federal Reserve’s rate-cutting cycle. Next week, the U.S. will release key economic data, including job openings, ADP employment reports, and non-farm payrolls, which could provide direction on the Federal Reserve's policy outlook. Important Economic Data to Watch Next Week Monday: ISM Manufacturing PMI Wednesday: ADP Employment Report, ISM Services PMI, Federal Reserve Chairman Jerome Powell will participate in a panel discussion at the New York Times DealBook Summit Thursday: Weekly Jobless Claims Friday: U.S. Non-Farm Payrolls Report, University of Michigan Preliminary Consumer Sentiment Technical Outlook for XAUUSD (Gold Price) Gold is attempting to recover but remains limited by the 50% Fibonacci level and the EMA21, as pointed out in yesterday's publication. In terms of overall structure, gold still leans towards a bearish outlook, with the main trend indicated by the price channel (a) and resistance from the EMA21. The Relative Strength Index (RSI) has also not yet surpassed the 50 level. Therefore, in terms of trend and momentum, gold is more likely to face downward pressure rather than rise. As long as gold stays within the price channel (a), it does not meet the technical conditions for a long-term price increase, so any rallies should be viewed as short-term recoveries. In the short term, if gold drops below the 0.618% Fibonacci retracement level, the next target for a decline would be around the $2,600 level. In conclusion, the technical outlook for gold on the daily chart is bearish, with the following key levels to watch: Support: $2,634 – $2,606 – $2,600 Resistance: $2,663 – $2,693 However, traders must note that in the context of geopolitical conflicts, technical structures can be broken very quickly due to sudden, impactful events. Therefore, the risk will be higher in the short term. This concludes the article. Henry wishes for a healthy, joyful, and happy weekend.
OANDA:XAUUSDShort
by Henrybillion
1
XAUUSD strong selling setup Gold pulls away from daily highs, holds near $2,650 Gold retreats from the daily high it set above $2,660 but manages to stay afloat in positive territory at around $2,650, with the benchmark 10-year US Treasury bond yield losing more than 1% on the day. Despite Friday's rebound, XAU/USD is set to register losses for the week.Technically, Gold buyers are fighting back control, justified by the 14-day Relative Strength Index (RSI) briefly recapturing the 50 level. However, with the Bear Cross still playing out, Gold price’s bullish conviction could likely peter out. If Gold buyers fail to find acceptance above the 50-day SMA at $2,670 on a daily closing basis, sellers will likely jump back, sending the bright metal back toward the previous day’s low of $2,621. The next support aligns at the weekly low of $2,605, below which a drop toward the 100-day SMA at $2,573 cannot be ruled out. The in-line with expectations US Personal Consumption Expenditure (PCE) Price Index data released on Wednesday failed to deter Fed rate cut expectations as markets now pricing in about a 63% chance of a December Fed rate reduction, the CME Group’s FedWatch Tool shows, up from about 55% seen a week ago. The dovish sentiment around the Fed’s next policy action continues to underpin the non-interest-bearing Gold price.
OANDA:XAUUSDLong
by KingForex078
XAUUSD: 1800+' Buying Opportunity One Not To Miss! Dear traders, XAUUSD currently making AB=CD pattern where A to B pattern has already been created, we are currently in a verge of creating C to D move. The fundamental also support our view, the price of the gold drop in a wake of elections announcement. US presidential result led the decline in the gold prices as DXY prices rose up significantly. However, as the market settles we are seeing price going back to its previous trend. Please be extra cautious while trading gold. Good luck!
OANDA:XAUUSDLong
by Setupsfx_
22