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Gold 2H – Bearish Channel Breakdown SetupChart Overview This chart shows a bearish setup for Gold, suggesting a short (sell) trade with the following key components: 🔵 Channel Analysis Rising Parallel Channel: Price has been moving within an ascending channel (pink shaded area), indicating a short-term uptrend. The recent candle breaks or touches the lower boundary of this channel, hinting at a potential breakdown. 📉 Trade Setup This looks like a short (sell) trade idea based on a potential breakout to the downside. Component Level Details Entry Point 3,799.06 Entry zone marked in green; at/near the lower trendline of the ascending channel Stop Loss 3,833.24 Just above the recent highs and the channel top Target Point 3,616.75–3,615.99 Target area marked in blue; aligns with a prior support zone ✅ Trade Logic Bearish Bias: Price action shows weakening momentum near the top of the channel. Breakdown Expected: Entry assumes a breakdown of the ascending channel. Risk-Reward Ratio (RRR): Very favorable — large potential move down compared to the stop loss range. 📊 Risk Management Stop Loss: Properly placed above resistance zone — protects against false breakouts. Target Zone: Based on historical support/resistance structure. RRR Estimate: Approx. 1:5+, which is excellent if the move materializes. ⚠️ Potential Risks False Breakout: Price could rebound back into the channel, invalidating the bearish thesis. Fundamental Triggers: Gold is sensitive to macroeconomic news (e.g., interest rate changes, geopolitical tension, inflation data). 📌 Summary This is a well-structured short trade setup based on a rising channel breakdown. With a clear entry, stop loss, and profit target, it presents a high-reward, controlled-risk opportunity. Best confirmed with: Bearish candlestick confirmation at the entry point Volume spike on breakdown Fundamental catalysts supporting gold weakness
CAPITALCOM:GOLDShort
by labagold
8
Hellena | GOLD (4H): LONG to support area of 3800.Dear colleagues, the last forecast is canceled, but I recommended that trades should be set trades to breakeven because there is a high probability of wave “3” extension. It looks like the upward impulse is still not over and I expect the final formation of wave “5” to the 3800 area. Yes - this target is quite close, but now it makes no sense to make a long forecast with a correction in wave “2” of higher order (red). As soon as I get confirmation that the correction in wave “2” has started - I will make a forecast with more points. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
33
XAUUSD Projection: Expecting More UpsideOANDA:XAUUSD The price has dropped sharply from the top of the channel and is now approaching a key reaction zone, where several strong technical factors are converging: horizontal support, trendline support, and the Fibonacci 0.618 retracement level. This is the area where I expect the market to react strongly. If the upward momentum picks up again from here, it’s highly likely that the channel's peak will be broken, and I’m targeting a higher level, around 3830. This is a price level I believe will be tested if the bullish trend continues. However, trading always comes with risks. If the price closes below the lower boundary of the channel, the bullish structure will be broken and a bearish trend could start immediately. Trade safely!
OANDA:XAUUSDLong
by Kenn_Nguyen
12
Don't rush into trading, you might be missing the most importantIn yesterday's analysis, I clearly stated that today's market trend was expected to be similar to last Wednesday's: that is, after reaching its high, gold prices would encounter resistance and fall back, entering a period of correction. The actual market developments fully confirmed the accuracy of this prediction. Based on this expectation, we entered a short position at the opening price of 3765 and continued to increase our short position when it rebounded above 3775. We also seized a short-term long opportunity during this period, achieving significant returns overall. For detailed operational details, please refer to the analysis reports I published on Wednesday: Returning to the current market, I will briefly analyze today's trading strategy. Based on the candlestick chart, the trend structure of the first three trading days of this week is highly similar to that of the same period last week, indicating that the market is still in a range-bound pattern. We expect the consolidation trend to continue today, with trading opportunities in both long and short directions. In the short term, we need to focus on the performance of the key support/resistance level of 3740. At present, I tend to wait and see, and then intervene when a clear signal appears during the trading session.
CAPITALCOM:GOLD
by Martin_Trading_Guide
1
Gold Trading Plan: Holding Steady Ahead of Key Data📊 Market Context Gold is trading steady around $3,760 in early Wednesday’s Asian session. Traders continue to price in expectations of two more Fed rate cuts (October & December) after the 25 bps cut earlier this month. The US PCE inflation report for August, due Friday, will be the key event that could set the tone for gold’s next big move. With strong bullish sentiment intact but near-term correction risks in play, today’s focus will be on reaction levels within the Fibonacci zones. 🔢 Technical Levels (Chart H1) 🔴 Resistance / SELL Zone 3,829–3,838 (Fibo 1.5–1.618) → Strong reaction zone where price could face rejection and trigger a pullback. 🟡 Intermediate Resistance 3,777 (50% retracement of short-term correction) → Minor supply area to watch. 🟢 Support Zones / BUY Areas 3,735–3,740 → Short-term support, key for uptrend continuation. 3,710–3,700 (Fibo 50–60% retracement) → Important bullish reaction point, high-probability buy zone if tested. 📈 Trade Scenarios 1️⃣ Bullish Continuation Setup BUY: Look for confirmation at 3,735–3,740 or deeper support 3,710–3,700. Targets: 3,777 → 3,829–3,838. Stop Loss: Below 3,690 to protect against deeper correction. 2️⃣ Countertrend SELL Setup SELL: Enter shorts only at 3,829–3,838 with strong rejection signals. Targets: 3,777 → 3,740. Risk Note: Treat as a tactical short within a larger bullish bias. ⚠ Key Notes Expect sideways-to-bullish bias until Friday’s US PCE inflation report sparks higher volatility. Use smaller sizing near resistance and confirm entries with candlestick signals. Avoid mid-range trades between 3,760–3,777 to reduce noise risk. 💬 Community Discussion 📊 Will gold test the upper reaction zone at 3,829–3,838 before PCE data, or dip to the 3,710 buy zone first? Share your charts and strategies in the comments!
OANDA:XAUUSDShort
by FranCis-MatrixFibo
XAUUSD – The SELL trend has been confirmed Technical Analysis After a strong rise hitting the resistance zone of 3770–3780, gold (XAUUSD) couldn't maintain momentum and started forming consecutive declines. This signals that selling pressure is dominating in the short term. The 3767–3769 zone coincides with local resistance, a place where the market has reacted multiple times → confirming its role as a distribution zone. Fibonacci Retracement levels from the latest upward wave show the 0.618 zone around 3700–3705 acts as short-term support, where technical rebound reactions may occur. The 3673–3675 zone confluences with Fib 2.618 and EMA200 → strong support, considered the main Buy zone for long-term buyers. RSI (14) is currently below 50, momentum leans towards decline, confirming the adjustment trend is prevailing. Trading Scenario SELL Scenario (trend-following priority): Entry: 3767–3769 SL: 3775 TP: 3755 – 3740 – 3733 – 3710 – 3694 Buy scalping scenario (short-term support reaction): Entry: 3701–3704 SL: 3698 TP: 3710 – 3722 – 3736 Buy zone scenario (priority for medium-term rebound): Entry: 3673–3675 SL: 3666 TP: 3688 – 3696 – 3705 – 3720 – 3736 Price zones to watch 3767–3769: important resistance, priority Sell zone. 3700–3705: short-term support, potential Buy scalping area. 3673–3675: main Buy zone, confluence of support + Fibonacci. 3694 and 3736: important intermediate levels, where partial profit-taking is recommended. The main short-term trend is leaning towards SELL, however, important support zones may provide opportunities for counter-trend Buys or trend-following Buys after price adjustments. This is a reference scenario based on resistance – support and Fibonacci. Follow me if you love trading gold and want to read the latest analyses in the community.
OANDA:XAUUSDShort
by Steven-GoldTrading
Powell tightens, Dollar flies high, GOLD is falling!US Dollar Accelerates, Gold “Slides” After Fed Chairman Powell’s Cautious Speech OANDA:XAUUSD spot prices plunged in the latest session as the US dollar and Treasury yields rose in tandem, following a cautious speech by US Federal Reserve Chairman Jerome Powell. Powell: “Caution remains the priority” In his speech on Tuesday, Mr. Powell said the Fed still needs to carefully consider the two parallel risks: high inflation and a weak labor market. According to him, current monetary policy is still “sufficient to respond to the underlying economic developments,” although it is still limited. Powell this time appeared “more open but tough,” as if to emphasize that the Fed cannot rush to cut interest rates when inflationary pressures are still persistent. Yields and US Dollar put pressure The sharp fall in gold prices also came from rising US Treasury yields. The 10-year yield inched up 3 basis points to 4.137%, while real yields rose nearly 3.5 basis points to 1.767%. This made gold, which does not yield interest, less attractive. The US dollar index (DXY) also rose 0.66% to 97.85, making US dollar-denominated gold more expensive for investors holding other currencies. Markets await US economic data Traders are now focused on US GDP data, jobless claims and personal consumption expenditure (PCE) for fresh clues on monetary policy. The gold market is reacting to both the Fed comments and geopolitical tensions. Russia-Ukraine tensions and the haven factor On the geopolitical front, US President Donald Trump unexpectedly declared support for Ukraine, asserting that “Kiev can take back all its territory”. At the same time, the Ukrainian army said it had attacked two oil pumping stations in Volgograd (Russia). In the context of instability, gold is often considered a safe haven. However, with the acceleration of the dollar and bond yields, the pressure on gold is still quite large. Outlook The Fed will continue to rely on economic data to make decisions, thereby directly affecting the US dollar, interest rates and market sentiment. Investors now expect the Fed to cut interest rates by 25 basis points at each of its remaining meetings in 2025, with another cut in the first quarter of 2026. However, with interest rates still an “unknown” factor, gold, which does not generate income, will find it difficult to break out if the Fed does not send a clear signal about the pace of policy easing. Technical outlook analysis of OANDA:XAUUSD Overall Trend • The daily chart (D1) shows that gold has been in an uptrend channel since August, with breakout candles accompanied by high volume. • Current price: 3,734 USD/oz (after testing resistance near 3,750 – 3,791). • The main trend is still up, but the price is having a technical correction after a hot rally. Key technical milestones Key Technical Levels • Near Resistance:  3,791 USD (Fib 0.382 + recent high).  3,825 USD (Fib 0.5). • Far Resistance:  3,872 USD (Fib 0.618).  3,938 USD (Fib 0.786).  4,022 USD (maximum target according to Fib 1.0). • Important Support:  3,720 USD (Fib 0.236 + MA zone).  3,628 USD (Fib 0.0 – stronger support, in case of deep correction). RSI • RSI has reached the overbought zone (>70) and cooled down → supporting a short-term correction before continuing to increase. Personal trading idea • Entry 1 (cautious): Wait for the price to correct to 3.720 – 3.730 (nearby support) to buy. • Entry 2 (risky): Can enter immediately when the price holds above 3.734 with a short stoploss. • Stoploss: Below 3.700 (safer than below 3.628 if you want to hold long-term). • Take Profit (TP): o TP1: 3.791 (nearby resistance). o TP2: 3.825 (Fib 0.5). o TP3: 3.872 – 3.938 (strong resistance). o Further: 4.022 (maximum target in an uptrend). SELL XAUUSD PRICE 3767 - 3765⚡️ ↠↠ Stop Loss 3771 →Take Profit 1 3759 ↨ →Take Profit 2 3763 BUY XAUUSD PRICE 3700 - 3702⚡️ ↠↠ Stop Loss 3696 →Take Profit 1 3708 ↨ →Take Profit 2 3714
OANDA:XAUUSD
by Xayah_trading
Bullish bounce for the Gold?The price is falling towards the pivot and could bounce to the 1st resistance which acts as a swing high resistance. Pivot: 3,699.30 1st Support: 3,654.40 1st Resistance: 3,784.06 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
2
Gold shakes violently | Priority Buy on dip to support🟡 XAU/USD – 24/09 | Captain Vincent ⚓ 🔎 Captain’s Log – Context & News Geopolitics : Trump unexpectedly supported Ukraine reclaiming full territory and called on NATO to be tougher on Russia → defensive sentiment returned, supporting Gold. US Economy : Housing data due today, no FED speeches. Earlier: Weak US PMI + dovish FED tone → no momentum for a prolonged downtrend. Price Action : Gold dropped more than 20 points overnight, then quickly rebounded to 3,76x → likely profit-taking pressure at higher levels. ⏩ Captain’s Summary : Main trend stays bullish, but the voyage will remain choppy as Gold absorbs profit-taking near resistance. 📈 Captain’s Chart – Technical Analysis (M45) Golden Harbor (Support / Buy Zone) Buy Scalp OB: 3,754 – 3,757 OB Harbor: 3,741 – 3,744 Storm Breaker (Resistance / Sell Zone) Sell Scalp Zone: 3,797 – 3,800 Higher Sell Zone: 3,813 – 3,815 Market Structure After the deep drop, Gold rebounded and held above 3,76x. Bullish trend remains intact, but waves of volatility may occur near higher resistance zones. 🎯 Captain’s Map – Trade Plan ✅ Buy (priority) Buy Scalp OB Entry: 3,754 – 3,757 SL: 3,747 TP: 3,762 – 3,767 – 3,772 – 3,777 – 3,782 Buy Zone OB Entry: 3,741 – 3,744 SL: 3,732 TP: 3,749 – 3,754 – 3,759 – 3,764 – 3,769 ⚡ Sell (short scalp – lower RR) Sell Scalp Zone Entry: 3,797 – 3,800 SL: 3,806 TP: 3,795 – 3,790 – 3,785 – 3,780 – 3,775 Higher Sell Zone Entry: 3,813 – 3,815 SL: 3,823 TP: 3,810 – 3,805 – 3,800 – 3,795 – 3,790 ⚓ Captain’s Note “The Golden ship rocked violently overnight but still anchored firmly at Golden Harbor 🏝️ (3,754 – 3,741) . Profit-taking waves may still rise at Storm Breaker 🌊 (3,797 – 3,815) , suitable for short Quick Boarding 🚤 scalps. Yet the main voyage continues north – Buy the Dip remains the compass to follow the strong winds.” 📢 If you find the Captain’s Log useful, don’t forget to Follow for the latest signals. 💬 Got your own view on Gold? Share it in the comments and join the crew discussion!
OANDA:XAUUSDLong
by CaptainVincent
XAUUSD – Pressure at 3777 zone XAUUSD – Pressure at 3777 zone, adjustment scenario and trend-following buy Technical Analysis After a strong upward move, gold (XAUUSD) is now approaching the resistance zone of 3777–3780, where it converges with the Fibonacci expansion cluster and the old resistance structure. This is a price area prone to short-term selling pressure, and a decisive point for the next trend. EMA200 (H1: 3685) is still clearly sloping upwards → the main trend remains upward, but the market is in a state of range expansion, with a potential adjustment phase before continuing upward. RSI (14) is currently oscillating around 57–60, indicating that the upward momentum has cooled, not yet entering the overbought zone but posing a risk of divergence if a new peak is formed without accompanying momentum. Volume Profile levels and support zones 3738–3740 / 3719–3722 / 3661–3665 will be where buyers can react to protect the main trend. Trading Scenarios Scenario 1 – Sell adjustment at resistance zone: Entry: 3777–3780 SL: 3784 TP: 3755 – 3742 – 3730 – 3705 Scenario 2 – Short-term scalping buy: Entry: 3738–3740 SL: 3734 TP: 3747 – 3755 – 3770 Scenario 3 – Trend-following buy (priority when deep adjustment): Entry: 3719–3722 SL: 3715 TP: 3728 – 3740 – 3765 – 3780 Price Zones to Watch 3777–3780: critical resistance, potential Sell zone. 3738–3740: nearby support, suitable for scalping buy. 3719–3722: main Buy zone for recovery, confluence of support structure. 3705: deep support, target if adjustment trend expands. Outlook The major trend for gold still leans towards upward, however, the 3777–3780 zone currently plays a decisive role. Sellers can take advantage of short-term Sell to catch the adjustment phase, while buyers should wait for prices to pull back to support zones to enter trend-following orders. This is a reference scenario based on technical analysis, not an investment recommendation. Stay tuned for earlier analyses and prepare well for your trading plan.
OANDA:XAUUSDShort
by Steven-GoldTrading
GOLD TREND TODAY - Support and Resistance - Simple Analysis📈 Trend & Market Structure OANDA:XAUUSD Gold is still in a clear uptrend, respecting higher highs and higher lows on H4. Recent breakout structures (BOS) confirm bullish order flow, but price is approaching a liquidity zone near $3,800. On the downside, unmitigated Fair Value Gaps (FVG) and Order Blocks (OB) remain potential buy zones if price retraces. 🔑 Key Levels Resistance: 3800 – 3830 Support: 3765 – 3760 – 3755 Liquidity Buy Zone: 3715 – 3712 📌 Trade Ideas 🔴 SELL Setup (Countertrend / Scalping) Entry: 3855 – 3858 Stop Loss: 3863 Take Profit: TP1: 3850 TP2: 3840 TP3: 3820 TP4: 3800 Open TP: 3780 🟢 BUY Setup (Trend-following / SMC zones) Entry: 3715 – 3712 (Liquidity + Strong OB) Stop Loss: 3705 Take Profit: TP1: 3725 TP2: 3735 TP3: 3755 TP4: 3775 Open TP: 3800 🎯 Strategy Note Main bias: Look for buys on retracements in line with the uptrend. Shorts at 3855 – 3858 are countertrend scalps only; use tight stops. Apply scalping entries once price reacts at the defined S/R levels with confirmation (candlestick rejection, BOS, or volume shift). Always use SL/TP for risk management. ⚡ Gold remains bullish overall; the plan favors buy opportunities from demand zones, while countertrend shorts should be quick and managed tightly.
OANDA:XAUUSDLong
by Linda_OneShotTrader
Gold (XAU/USD) Intraday Technical Analysis – H1Price Action & Trend Gold has recently broken out of a sideways consolidation range (boxed area around 3,620–3,680 USD), showing strong bullish momentum. The upward move peaked near the resistance zone around 3,780–3,790 USD, where selling pressure emerged. Price is currently forming a potential ABC correction pattern: (A) – initial retracement from the peak. (B) – minor rebound, lower than previous highs. (C) – projected continuation downward, suggesting further correction. Support & Resistance Levels Immediate Resistance: 3,780–3,790 USD (recent swing high). Immediate Support: 3,700 USD (minor psychological level and previous consolidation top). Key Support: 3,660–3,670 USD (near lower bound of previous consolidation box, potential ABC (C) target). Indicators & Technical Tools Fibonacci Retracement: 0.382 retracement aligns around 3,710–3,715 USD. 0.618 retracement aligns around 3,670 USD, matching the expected (C) target. Volume: Slight increase during the upward impulse, but volume has tapered during the current correction, indicating a healthy pullback rather than a trend reversal. RSI/EMA: Price has pulled back from overbought conditions. EMA on H1 likely supports near 3,700 USD. Trading Strategy Short-term Traders (Intraday): Consider short positions near 3,750–3,760 USD if ABC (C) continues. Targets: 3,700 USD first, then 3,670 USD. Stop-loss: Above recent swing high at 3,780 USD. Medium-term Traders: Wait for completion of ABC correction before entering long positions. Strong buying opportunity near 3,660–3,670 USD with confirmation candle patterns. Trend-followers: Look for break above 3,780 USD with strong volume to resume the bullish trend. Summary: Gold is in a corrective phase after hitting a strong resistance zone. The ABC correction suggests that price may retest support around 3,670 USD before resuming the uptrend. Fibonacci and previous consolidation levels provide clear zones for entries, stops, and profit-taking.
OANDA:XAUUSD
by Henrybillion
Gold Continues to Probe for New Highs.👋Hello everyone, what do you think about the trend of OANDA:XAUUSD ? Gold continued its upward momentum on Tuesday, reaching a new record high near 3800 USD. Persistent geopolitical tensions, the Federal Reserve's dovish stance, and signs of weakness in major economies in Europe and the U.S. seem to be sustaining investor interest in the precious metal. At the time of writing, gold is hovering around 3765 USD, undergoing a slight pullback, but the overall trend still supports further gains. From a technical perspective, I believe that after this correction, we could see higher price movements. The immediate target is to reclaim the 3790 USD level, followed by 3800 USD, and if conditions remain favorable, we could push even higher, as long as no deep corrections occur. 💬What do you think about gold? Feel free to share your views in the comments, I'm looking forward to your feedback! Good luck!
OANDA:XAUUSDLong
by Kevinn_Nguyen
29
XAU/USD: Uptrend and Key Resistance ChallengeHello everyone, today I would like to share a short analysis of gold (XAU/USD) and its current market behaviour. At present, on the H4 chart, gold is trading around $3,756, maintaining a clear upward trajectory. The bullish channel remains intact and the price is positioned above the Ichimoku cloud, confirming that buyers are still in control. However, the $3,765–$3,780 zone has emerged as an important resistance level that gold needs to break in order to extend the rally. From a technical perspective, Fair Value Gaps (FVG) are becoming increasingly relevant. On the upside, the $3,765–$3,780 range represents strong resistance, while on the downside, $3,725–$3,740 is seen as dynamic support in case of a pullback. Trading volume has also surged as gold broke previous highs, indicating strong buying pressure remains in place. On the news front, gold continues to benefit from safe-haven demand amid ongoing global uncertainties. Moreover, upcoming US economic data, such as Durable Goods Orders and Core PCE, will have a significant impact on the dollar. Should these figures come in weaker than expected, USD weakness would further reinforce gold’s bullish momentum. Based on both technical factors and news flow, I expect gold to maintain its bullish bias in the short term. However, much will depend on whether support around $3,740 holds and if resistance levels at $3,780 and $3,800 can be decisively broken.
OANDA:XAUUSDLong
by EmmaChartist
9
XAUUSD Setup: Overbought Conditions Signal a Potential Pullback!OANDA:XAUUSD Price is approaching a key resistance zone at the upper boundary of the ascending channel. This boundary often acts as a natural barrier where the market tends to slow down or reverse. As price reaches the channel top, the probability of a correction increases as profit-taking pressure builds. If a correction unfolds, the 3,715 USD level will be the key support to watch. The resilience of buyers around this zone will determine whether the uptrend can extend further and push prices beyond previous highs. On the other hand, if 3,715 is broken, the market could shift direction with price sliding deeper toward the lower boundary of the channel and temporarily putting buyers at a disadvantage. What matters most now is not rushing into trades but observing carefully. The market always leaves clues through price action, candlestick formations and trading volume. When these elements align, confirmation becomes stronger and that is the moment when a setup carries real weight. Above all, risk management remains essential because it is the shield that allows traders to withstand uncertainty and seize opportunities with confidence. Good luck and trade safe!
OANDA:XAUUSDShort
by Kenn_Nguyen
18
Gold Futures – Pullback Into H4 Supply Before Drop to Demand?Price sold off strongly from 3812 resistance and is now correcting higher. On the H4, I see a bearish supply zone between 3791.4–3769.9, which aligns with prior POC acceptance around 3790. If price pulls back into this area and fails, I expect continuation lower into the H4 demand zone at 3746.3–3735.2, which also lines up with Daily Low (DL) and Weekly High (WH) liquidity markers. Levels to Watch: Bearish H4 Supply: 3791.4–3769.9 Bullish H4 Demand: 3746.3–3735.2 Invalidation: Break & hold above 3795 could target 3812 liquidity. Targets: First 3746.3, extended 3735.2. Bias: Bearish pullback scenario into supply → downside continuation.
COMEX_MINI:MGC1!Short
by DWoodz
Daily chart shows a bearish rebound; expect further declines.#XAUUSD OANDA:XAUUSD Gold has fallen below 3735 and may continue its downward trend in the short term. Pay attention to the MA5 moving average support and the previous top and bottom conversion level of 3708. If it can hold 3712-3708, you can consider going long on gold with a light position, and the SL is given to 3700. Once it falls below 3712-3708, it may test 3685. Aggressive investors can enter in the evening, while conservative investors can wait for my specific trading strategy tomorrow.
OANDA:XAUUSDShort
by Trading-Magician_G
XAUUSD SELL 3780**XAUUSD SELL 3780 Trading View Idea** In this analysis, we’re focusing on the XAUUSD (Gold vs. US Dollar) currency pair, with a sell opportunity identified at the 3780 level. Here’s a detailed breakdown of the reasoning behind this trading idea: **Market Overview:** Gold is often seen as a safe-haven asset, particularly in times of economic uncertainty. As we analyse the current market conditions, it’s important to consider global economic indicators, inflation rates, and geopolitical factors that influence gold prices. **Technical Analysis:** 1. **Resistance Level:** The 3780 marks a significant resistance level, where previous price action has shown a tendency to reverse. Observing the price behaviour around this level can provide insight into market sentiment. 2. **Moving Averages:** The short-term and long-term moving averages can help confirm the bearish sentiment. If the short-term moving average crosses below the long-term moving average near this resistance level, it further strengthens the sell signal. 3. **RSI and MACD Indicators:** The Relative Strength Index (RSI) near the overbought territory indicates that a correction may be due. Similarly, a bearish crossover on the MACD can affirm the selling pressure building up. **Fundamental Factors:** Economic reports and news releases can have significant impacts on the gold market. Keep an eye on upcoming economic data, including: - **US Federal Reserve Announcements:** Interest rate decisions and economic outlooks can lead to volatility in gold prices. - **Inflation Data:** Higher inflation rates typically boost gold prices, while signs of economic stabilisation could lead to a pullback. - **Geopolitical Tensions:** Any escalations in geopolitical issues can drive traders towards gold as a safe-haven asset. **Trading Strategy:** - **Entry Point:** Sell at 3780 with a strict stop-loss set above the resistance level to manage risk effectively. - **Take Profit Levels:** Identify key support levels below 3780 to establish take profit points, possibly around 3700 or lower, depending on market conditions. **Risk Management:** It’s crucial to have a risk management plan in place. Evaluate your risk tolerance and adjust your position size accordingly to ensure that potential losses are manageable.
FXOPEN:XAUUSDShort
by TradingHub_FX_crypto