Get started
Gold CFDGold CFDGold CFD

Gold CFD

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals

GOLDCFD trade ideas

XAUUSD NEXT MOVE (read caption)Hello Traders, this is my idea on xauusd next move .kindly boost my charts and follow me for best technical analysis. in previous day the gold worked in range between support and resistance. gold was regularly trying to break resistance and today it has successfully break the resistance and now at this time XAUUSD is retesting the resistance and hopefully start making bullish candles.Now it is possible that it will go for long till the mentioned next target.. KEYPOINTS; entry 2629 resistance area 262625/2631 supprt area 2615/2610 next move 2650/2655 if you love my charts then boost it and follow me for more technical analysis.
FXOPEN:XAUUSDLong
by fxjack98
XAU/USD : LONG, SHORT, LONG! (READ THE CAPTION)Analyzing the #Gold chart in the 4-hour timeframe, we observe that the price failed to maintain its bullish momentum yesterday. With news favoring the dollar index, gold experienced further declines, reaching $2664 so far. Now, we can expect an upward correction, likely followed by another drop before gold resumes its rally towards levels above $2700. This analysis will be updated further, so stay tuned and follow step by step! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
12
Gold Trade Plan 18/12/2024(500 Pips Down)!!!!Dear Traders, Gold price still Range between 2635-2650 . i Mixed Classic Pattern&Price Action in chart, 1-Head&Shoulder Target : 2670 2-(0.38 Fibo Level : 2669) 3- Fibonacci TrendBase Extention : 2672 4- Clean Order block 2672 Area , 5-(wave 3 Minor(almost completed) and we will have some correction to UP) Totally : 2670-2672 is very Safe for Sell to target 2615-2620 ( for tonight) "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
OANDA:XAUUSDShort
by alirezak
4
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
Diamond PatternPattern and Key Levels Diamond Pattern: The chart shows a possible diamond pattern which indicates a possible rise to marked levels to complete the movements of said pattern and then fall Fibonacci Levels: 2,585 : This level acts as support, 2,617 : Intermediate level that can act as both support and resistance. 2,696 : Key resistance level, possibly Trading Strategy Entry Level: Around 2,585 or 2,617 (current levels) Stop Loss: Place a stop loss just below 2,585 to limit losses in case of a breakout to the downside. Profit Target : Aim for resistance at 2,696 - 2700 Summary The analysis suggests that the gold market is in a consolidation phase, with key support and resistance levels based on Fibonacci and Anchored VWAP. Trading strategies should consider entries at support and resistance levels, with proper risk management using clear stop losses and profit targets. The breakout of the triangle, accompanied by an increase in volume, can provide additional opportunities for
OANDA:XAUUSDLong
by JAG_Trader
GOLD recovered quite strongly, falling after FOMCOn the Asian market today (Thursday, December 19), OANDA:XAUUSD Spot trading recovered strongly after a sharp decline in the previous trading day. Gold price reached its highest level at the time of writing at 2,618 USD/ounce, an increase of nearly 30 USD during the day. The market will next receive US economic data, including final third-quarter GDP and weekly unemployment claims. Market attention will then turn to Friday's release of the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which will boost the U.S.'s copper performance. US Dollar and gold in the short term. FOMC On Wednesday, the Federal Reserve cut interest rates as expected and predicted less policy easing in 2025. Federal Reserve Chairman Powell said the threshold for the next rate cut could be higher, which sent the US Dollar and US Treasury yields soaring, while at the same time, Gold fell more than 2% to a one-month low in trading on Wednesday. Federal Reserve officials cut interest rates for a third straight time on Wednesday, but lowered their forecast for the number of rate cuts next year, signaling they are increasingly cautious about being able to reduce spending. How quickly does the loan cost? The Federal Open Market Committee (FOMC) voted 11-1 on Wednesday to lower the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against, in favor of keeping interest rates unchanged. In the FOMC policy statement, Fed officials noted that economic activity continued to expand at a solid pace. Labor market conditions have generally eased since the beginning of this year, with the unemployment rate rising but remaining low. Inflation has made progress toward the committee's 2% target but remains high. The new Dotplot chart shows some officials expect fewer interest rate cuts next year than they estimated just a few months ago. Fed officials currently expect the benchmark interest rate to be between 3.75% - 4% by the end of 2025, which, according to the median estimate, would mean two rate cuts of 25 points each. basic. Jerome Powell The Fed will cut interest rates only twice next year amid rising inflation, according to Fed Chairman Jerome Powell, a forecast consistent with Trump's wait-and-see approach when he returned to the White House in January. Powell said Fed policymakers want to see more progress in reducing inflation when considering future rate-cutting strategies. US federal funds rate futures have reflected that the Federal Reserve will leave its benchmark overnight interest rate unchanged at its policy meeting on January 28-29 next year. Analysis of technical prospects for OANDA:XAUUSD Thus, gold has enough conditions to decrease in price after falling below the 0.618% Fibonacci level and bringing price activity back below the EMA21 moving average, with a sudden impact from fundamental factors. In the short term, although gold recovered from the 0.786% Fibonacci retracement level at $2,591, which was the bearish target noted by previous readers, it could still continue to decline further with a target around $2,538. . When the Relative Strength Index dropped below the 50 mark and was quite far from the oversold area, it showed that there is still plenty of room for price decline ahead. During the day, gold price increases as long as they do not surpass the 0.618% Fibonacci level and EMA21 should only be considered short-term recovery. Along with that, the downward trend in gold prices will be noticed again by the following technical levels. Support: 2,591 – 2,552 – 2,538USD Resistance: 2,624 – 2,634USD SELL XAUUSD PRICE 2635 - 2633⚡️ ↠↠ Stoploss 2639 →Take Profit 1 2628 ↨ →Take Profit 2 2623 BUY XAUUSD PRICE 2549 - 2551⚡️ ↠↠ Stoploss 2546 →Take Profit 1 2556 ↨ →Take Profit 2 2561
OANDA:XAUUSD
by Xayah_trading
1
XAUUSD 99% confirm Gold (XAU/USD) is trading with a moderate positive tone on Friday following the sharp sell-off earlier this week. Cooler-than-expected US Personal Consumption Expenditures (PCE) Price Index data on Friday has increased selling pressure on the US Dollar, although the precious metal is struggling to put a significant distance from the one-month lows hit this weekPCE Inflation has increased 0.1% in November, against expectations of a 0.2% increment. The yearly rate accelerated to 2.4% from the previous month's 2.3% reading, still below the 2.5% anticipated by the market consensus. Likewise, the Core PCE eased to 0.1% from 0.3% in October while the yearly inflation remained steady at 2,8% against market expectations of an uptick to 2.9%from heavily oversold levels. The broader trend, however, remains bearish. The pair is struggling to find acceptance above $2,600 and the Relative Strength Index (RSI) in the 4-hour chart remains flat at levels below the 50 threshold, highlighting the bearish momentum. Immediate resistance is at the $2,605 intra-day high, with the key resistance area to challenge the bearish trend at the $2,625-$2,630 area (November 28, December 2 lows). On the downside, supports are at Wednesday’s low at around $2,580, ahead of November’s trough at $2,540.
OANDA:XAUUSDShort
by KingForex078
XAUUSD (Gold) ANALYSIS READ MY CAPTIONHello traders look at my chart and share your ideas about it . Gold is running around the 2621-2610, after retracing the first Resistance gold is trying to move to support one , you can identify the perfect entry from the given chart you may go long from support 1 and 2 or you may go short from resistance 1 and resistance 2. KEY POINTS: Support 1 : 2607-2608 Support 2 : 2684-2682 Resistance 1: 2633-2634 Resistance 2 : 2660-2663 Demand zone : 2700-2698 Further you can check my chart and share your ideas about it, follow me for timely updates
OANDA:XAUUSD
by Eric_444
Gold above Buying zoneFundamental analysis: Despite the strong Bullish candle sequence on DX, Gold remains Neutral-Bullish and above my Support for the day as U.S. session is approaching and recession fears resurfacing. However, #2,622.80 - #2,627.80 is new / old Support zone made by the Hourly 4 chart’s candlestick configuration. Gold is still not pulling back again after it failed to break above it’s Higher High’s Upper zone on the Hourly 4 chart. Still I haven’t got confirmation for Short-term Buying opportunity and it is still not worth entering the market without tight Risk management (all correction attempts are rejected due Fundamental Buying pressure). Monday’s session Wall Street opening Bell can have Bullish impact also on DX, hence Bearish for Gold. My Selling bias is unchanged as I will treat Bullish spikes as an oscillation from Overbought to Neutral (Williams%), which may create new space for aggressive Bearish takedown. Gold is extending the sideways action, following the continuation of the former Hourly 1 chart’s Ascending Channel, as Bond Yields and DX on gains for the #2nd straight session (still however market didn’t returned to normal Trading conditions), current environment is Gold friendly (recession fears, safe-havens such as Gold are in High demand, hawkish Fed stance). Spot how Gold's strong Selling level of the #2,622.80 is far from fair symmetrical manner with disastrous side Swings on Bond Yields and DX as my strongest correlation so far, but currently both assets are on Short-term uptrend while Gold is as well soaring (however only on Short-term). Technical analysis: No changes so far on the Daily perspective (Gold is Trading within my model) as today’s session E.U. opening didn’t delivered any significant move towards any Buying or Selling pressure point /confirmation, even though Fundamental numbers throughout Friday’s session met the forecast and delivered relief for Gold Buyers, DX on a Fundamental surprise, delivered full bodied green candle. The Price-action remains Neutral above the Hourly 4 chart’s Support zone of #2,622.80 - #2,627.80 and below the #2,638.80 - #2,642.80 Resistance zone fractal so use mentioned zones as your Intra-day pointers. It is Natural that Price-action found both Sellers and Buyers as RSI hit the Neutral zone, and with the absence of macro-economic catalysts, strong Volatility is expected, and don’t be surprised if you see thin Volume throughout today’s session. As the market is waiting for a catalyst, I see no alternative under such a Neutral setting but to maintain my breakout strategy and watching closely DX, to carefully issue my next move. If however #2,645.80 breaks, Price-action will be calling for upside extension, where #2,622.80 break can open doors for #2,600.80 benchmark and #2,592.80 configuration sequence. Otherwise, Volatility will be on the main stage. I do believe Selling pressure is still present on market so take that into consideration prior to positioning.
TVC:GOLDShort
by goldenBear88