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Gold: pricing uncertaintyThe price of gold for one more time missed its negative correlation with the US Dollar and moved toward the higher grounds. During the previous year such moves were strongly influenced by the geopolitical instability, however, as analysts are noting, this time it was induced by the uncertainty related to the new US Administration. Even the better than expected US jobs data and further strengthening of the US Dollar could not diminish the investors' fear coming from uncertainty of the moves which the new US Administration will impose after stepping on the scene on January 28th. This is how a need for a safe-haven metal was supported. The price of gold started the previous week around the $2,6K support line, and moved further toward the higher grounds, until the highest weekly level at $2.690 reached on Friday. The RSI also took the up trend, moving currently around the level of 60. This is indication of a higher probability that the price of gold could move further higher, until the clear overbought level is reached. The moving average of 50 days continues to diverge toward the MA200, indicating a potential for a cross in the future period. It is a well known fact that the market does not like uncertainty. The price of gold could be pushed further to the higher grounds in the coming period, as long as investors feel the urge for safe-haven assets. The RSI shows a potential for higher grounds until the clear overbought side is reached. On a downside, the level of $2.650 could be shortly tested, however, at this point on charts, there is no indication that the price of gold could return back toward the $2.6K support line in the week ahead.
OANDA:XAUUSD
by XBTFX
Stay optimistic, the price of gold will rise!Last week XAUUSD did not go lower from the Daily FVG. It only made a correction to the 23.6 fib retracement and it's in a wave 4. All of this made me adjust the wavecount and the pattern. I think it made a Triangle (wave 4) which is now finished and price made the next impulsive wave for wave 5. So if this is correct, then next week we could see a correction down and more upside. Let's see what price does and react. Trade idea: Wait for a small correction down, a change in orderflow to bullish on a lower timeframe and trade longs.
FOREXCOM:XAUUSDLong
by Ameer-Trader
XAUUSD Bullish break-out targeting $3000 about to happenGold (XAUUSD) has been trading within a 15-month Channel Up (since the October 06 2023 Low) and it's been under bearish pressure since the most recent October 30 2024 Higher High of the pattern. The consolidation around the 1D MA50 (blue trend-line) since the November 14 2024 Low formed a Triangle pattern that is consistent with the previous two bottom formations (Higher Lows) of the Channel Up. More specifically, last Friday's rejection on the 1D MA50 is technically the 3rd since the November 14 2024 Low. In the previous two bottom formations, Gold never had a 4th rejection, on the contrary when it broke above the 1D MA50 after the 3rd, it also broke above the Triangle patterns, and technically initiated the new Bullish Leg of the pattern. The 1D MACD sequences are also similar among those fractals, in fact we just completed the 2nd Bullish Cross below the 0.000 level, which was the Buy Signal before the 1D MA50/ Triangle top bullish break-out. As a result, we expect the new Bullish Leg to start soon and since both previous rallies have been at least +21.85%, our Target now is even below that estimate at $3000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
XAUUSD 4HGold Analysis Introduction The market is currently in a position where I expect specific price movements. The key levels are marked on the chart and the invalidation levels are clearly defined. Market Expectation Market Start: I expect an initial bullish move reaching 2670, where the price might struggle to continue. A reversal is expected towards 2525, followed by a return to a bullish direction, and ultimately a move towards 2740. Invalidation Levels A breakout and confirmation above 2670 would invalidate the initial bearish scenario and strengthen the bullish move. Conversely, a break and confirmation below 2525 would invalidate the bullish scenario and could indicate a bearish trend. Trading Strategy Entry: Enter near key levels, considering confirmation of reversal or continuation signals. Risk Management: Set a stop loss above 2670 or below 2525 to manage risk effectively. Conclusion The expected movement for gold is clearly outlined with high precision. Traders can capitalize on these levels with proper risk management to ensure a profitable trade.
OANDA:XAUUSDShort
by GreyFX-NDS
6
GOLD → False Breakout. Can Buyers Recover?Hello, dear friends! Ben here! Gold has made a false breakout at $2,637 and is now searching for strong support. The current situation is highly complex, both fundamentally and technically. Fundamentally, the situation remains challenging. Gold's weakness is influenced by the Fed's hawkish stance and the strength of the US Dollar. However, upward pressure on gold persists due to other factors, including the escalation of conflicts in Eastern Europe and the Middle East, Trump’s protectionist policies targeting Europe and Asia, and rising geopolitical risks worldwide. Technically, after the false breakout at $2,637 (previously a resistance level), the price is now heading toward a new testing zone around $2,622. Below that, the ascending channel support at $2,606 could act as the lower boundary where buyers may start an aggressive play. Key Support Levels: $2,622, $2,606 Key Resistance Levels: $2,637, $2,647, $2,665 Overall, I lean toward a medium-term bearish trend. However, the local situation remains tense and complicated. If the bulls manage to hold their ground within the ascending channel, gold may continue its upward move. But! If buyers fail to maintain their position within the channel, a correction could extend the downward momentum further, leading to deeper declines. Best regards, Bentradegold!
OANDA:XAUUSDLong
by Bentradegold
(XAUUSD) GOLD ABOUT TO FLY OR CRASH ...Hello Everyone here is My Today's #XAUUSD (GOLD) Market Analysis Please Check it & Share Your Opinions in Comments Section, thanks 🙏 Today on Monday 13 January 2025 Gold is currently trading at 2671 with a key pivot point at 2675. The Market’s next movement depends on its behavior around this critical level: 📉Bearish Scenario: If Gold reamain below the pivot point (2675) it is likely to test the first #Support levels at 2666 and 2660. Further downside momentum could push it into the #Demand_Zone at 2650 and 2644. 📈Bullish Scenario: As long as #Gold remains above the pivot point (2675) it is expected to maintain a bullish trend. The first resistance levels are at 2690 and 2696. Breaking above these levels could open the path to targets at 2706 , 2715 and 2726 For the long term, watch for potential resistance at 2740 and 2746. 📊Key Levels 📊Pivot Point: 2675 📉Support : 2666, 2660, 2650 📈Resistance: 2690, 2696, 2706 📈Targets : 2706, 2715 , 2726 📈Long Resistance: 2640 2646 📊Trend Outlook 📈Bullish trend above 2675/2685 📉Bearish while Below 2675/2670 If You Like my Analysis Don't Forget to Like Follow & Comments 👍
FOREXCOM:XAUUSDShort
by Gold_Global_Club
9
xauusd weekly market review and projectionPrepared by THEGUARDIANFOREXTV Weekly Market Review (WMR) Instrument: XAUUSD Date:Week Ending January 12, 2025 This week, the gold market (XAUUSD) demonstrated a consistent bullish trend following its recent bounce off the key demand zone near 2,665. The upward momentum was supported by positive global risk sentiment and a weaker U.S. dollar, driving gold prices to test higher resistance levels. Key Highlights: 1. Market Structure: The 1-hour chart showcased a series of higher highs and higher lows, indicating strong bullish market momentum. The swing low near 2,680 served as a significant support level for buyers, attracting renewed bullish interest. 2. Volume Analysis: Analyzing volume data reveals heightened trading activity at critical levels, particularly during the bounce from 2,680. This indicates robust demand for gold at lower price levels. 3. Key Levels: - Support: 2,680 and 2,665 - Resistance: 2,710 and the psychological level of 2,720 4. Fundamental Drivers: Concerns around inflation and geopolitical uncertainties contributed to the safe-haven demand for gold. Additionally, the U.S. Federal Reserve’s dovish tone reinforced expectations of a more accommodative monetary policy, further supporting gold prices. In conclusion, XAUUSD displayed strength throughout the week, closing slightly below the critical resistance at 2,690. The price action and volume suggest that bulls remain in control, setting the stage for further upside in the coming week. Weekly Market Projection (WMP) Date: Week Beginning January 13, 2025 For the upcoming week, our technical and fundamental analysis signals a bullish outlook for XAUUSD, with a primary focus on the critical levels of 2,680 (support) and 2,720 (target resistance). Key Projections: 1. Entry Strategy: We are projecting a potential long entry at the swing low near 2,680, a level that aligns with the current demand zone and historical support. The entry will be confirmed by bullish candlestick formations or momentum shifts on lower timeframes. 2. Target Levels: - Primary Target: 2,720 (Previous high and key resistance level) - Secondary Target: 2,740 (Extension of bullish momentum beyond 2,720) 3. Risk Management: - Stop Loss: Below 2,665 to minimize downside risk if the support level fails. - Risk-to-Reward Ratio: Aiming for a minimum R:R of 1:3 for an optimal trade setup. 4. Market Sentiment: Market sentiment remains bullish, fueled by continued geopolitical risks and dovish central bank policies. Traders should monitor developments in the U.S. CPI report and speeches by Federal Reserve officials, which could influence gold’s trajectory. 5. Technical Indicators: - Moving Averages: The 50-period MA is above the 200-period MA, confirming a bullish crossover. - RSI: Hovering near 60, indicating bullish momentum without being overbought. - Bollinger Bands: Price is trending near the upper band, signaling continued upward pressure. Trading Plan: Monitor price action closely at 2,680 and watch for any signs of a bullish reversal. A breakout above 2,700 will likely pave the way for a retest of 2,720. Traders are advised to remain vigilant for market news and adjust positions accordingly. Final Thoughts: The XAUUSD market presents a promising opportunity for traders this week, with a clear bullish trajectory towards 2,720. At THEGUARDIANFOREXTV, we remain committed to providing you with the insights and strategies you need to navigate the markets eff
OANDA:XAUUSDLong
by TheGuardianForextv
XAUUSD-1H NEXT WEEK IDEAI'm closely watching XAU/USD on the 1-hour chart. My plan is to wait for a potential retracement back to the $2665 level, possibly even as low as $2655 , which I've marked as my buy zone. If price reacts positively in this area, I'll be looking for a long position aiming for the $2700 target. The buy zone aligns with key Fibonacci retracement levels (50% and 61.8%), offering a strong confluence for a bullish setup. If price fails to hold the $2655 support , I'll reconsider my entry approach. For now, my focus is on this retracement before catching the next bullish leg. Key levels: - **Buy Zone:** $2665 to $2655 - **Stop Loss:** Below $2649.517 - **Take Profit:** $2700 This setup matches my strategy of entering high-probability trades with strong confluence and a favorable risk-to-reward ratio. Waiting for price action confirmation before entry.
OANDA:XAUUSDLong
by TheGreatHan
NFP focus, GOLD is reaching initial bullish conditionsOn Asian markets on Friday (January 10), OANDA:XAUUSD Spot delivery maintains the intraday recovery trend and gold price is currently at about 2,672 USD/ounce, a range of about more than 1 dollar during the day as of the time of writing. Market participants turned their attention to the US nonfarm payrolls report. Today (Friday), the United States will release the closely watched non-farm payrolls report, which is expected to cause a big move in the gold market. Authoritative surveys show nonfarm payrolls in the United States would have increased by 160,000 last December, following a whopping 227,000 increase in November. US unemployment rate expected to fall maintained at 4.2% in December. The survey found that average hourly wages in the United States are expected to increase 0.3% month-over-month in December, following a 0.4% increase in November. Annual wage growth is likely maintained at 4%. Better-than-expected US nonfarm payrolls data is seen as positive for the dollar and vice versa. And of course, this greatly impacts the gold price trend. From a technical perspective, OANDA:XAUUSD is heading for the 4th consecutive day of increase but the real uptrend has not yet been clearly formed. However, the daily chart of gold prices has also achieved the initial technical conditions for a possible increase in price with price activity above EMA21, POC Volume Profile and the 0.50% Fibonacci retracement level. Currently, these indicators are becoming the closest support. An important factor for the uptrend to form is the level of 2,693USD, which is considered a technical confirmation point for a newly formed uptrend. Once it is broken above and gold sustains activity above this level, the next target is around $2,730 in the short term. The relative strength index RSI has also risen above 50. However, the slope is not large but it is still considered a positive signal for gold prices in the near future. During the day, gold had initial bullish technical conditions and notable levels are listed below. Support: 2,664 – 2,645 – 2,634USD Resistance: 2,693 – 2,700USD SELL XAUUSD PRICE 2691 - 2689⚡️ ↠↠ Stoploss 2695 →Take Profit 1 2684 ↨ →Take Profit 2 2679 BUY XAUUSD PRICE 2649 - 2651⚡️ ↠↠ Stoploss 2545 →Take Profit 1 2656 ↨ →Take Profit 2 2661
OANDA:XAUUSD
by Xayah_trading