Gold Price Today, December 24: Unexpected Reversal and DeclineHello everyone, Merry Christmas!
Let's update the gold price for today: Gold is currently at $2,616 per ounce, down by $16 from the highest point of $2,629 per ounce during yesterday’s trading session.
Gold is under pressure from the strengthening USD and rising U.S. bond yields, as investors await signals regarding the potential for U.S. interest rate cuts in 2025. In my view, the rate-cutting path may pause in January or March.
At the moment, the USD Index has risen by 0.4%, reaching 108.08 points, which has reduced gold’s appeal. U.S. bond yields have also increased to 4.58%, attracting capital into bonds and decreasing the flow of funds into the gold market. As a result, the gold price continues to decline today.
Looking at the technical chart, the EMA 89 has crossed below the EMA 34, indicating a clear downtrend. With resistance at $2,626, the price of gold has been pushed down to $2,610, and maintaining support at this level seems challenging. If there are no significant changes, the price is likely to break through the support and continue falling to the previous support level at $2,585. If this trend persists, gold could decline further and potentially break through the $2,585 support level.
Chartpattren
XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!"
The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend.
Entry 1st zone - 2630-2640
Entry 2nd zone - 2673-2683
Entry 3rd zone - 2726-2736
Tesla And This 3 Step System The problem with trading is it takes confidence even though you have a system or a mentoring program.
It gets worse if you don't understand risk management and profit taking strategies.
But sometimes losing small is part of the solution.Also finding a great community of traders who are professional
When you look at this chart NASDAQ:TSLA
It's trending following this 3 step system:
🚀The price is above the 50 EMA
🚀The price is above the 200 EMA
🚀The price has to gap up
Now full disclosure I will not participate in this trade because am a Bitcoin Trading Expert
That's what a good at but I don't mind sharing what I see could be a good stock to buy according to my
Continuing trading education.
Remember before you buy to learn risk management and then after that decide when you want to take profit.
If you got value from this Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Also don't use more than x5 margin.
Feel free to use a simulation trading account before you use real money
$AMGN observationThis is just my observation, not advice.
Technical:
1. Price touched the 200 SMA.
2. Price is corrected to 50% correction and slightly pumped after reaching the supportive zone.
3. Price reached the volume price of FRVP around 270$.
4. The correction nature of the latest candles in the blue box is obvious.
5. In the daily and 4H charts, the stock is almost in the oversold zone.
6. A significant divergence is observable on the daily chart.
Fundamental:
1. P/E ratio: 34.4x (Not undervalued)
2. In November 2024, Amgen's Phase 2 study of MariTide showed a 20% average weight loss over 52 weeks in obese patients without diabetes. While promising, it fell short of analysts' 23–25% expectations, raising concerns about its competitiveness against treatments like Eli Lilly's Zepbound and Novo Nordisk's Wegovy.
3. On November 26th, after MariTide phase 2 announcement, the price was mixed but could be considered to have moved up impulsively.
4. On 5th December, Amgen announced to invest 1B for expansion.
5. NASDAQ:AMGN launched Pavblu as a rival of NASDAQ:REGN 's Eylea.
6. On December 7th, NASDAQ:AMGN out significant result for Blinatumomab.
7. Based on reports, NASDAQ:AMGN raises quarterly dividend 5.8%.
8. Analyst sentiments: 14 buy, 15 hold, 3 sell.
Scenarios:
We are in the correction with two main scenarios:
1. ABC correction has been completed and impulsive waves have been started so we should look for entry.
2. A correction wave has been completed, and we are now in the B wave correction. In this case, we should see another price drop on wave C. After then, we can look for long on around 78% correction and trendline.
Breaking News:Bitcoin Hits A New High Above $100,000Have you ever been in a situation
Where you are listening to words
That strike you as harsh?
Out of anger,hurt , disappointment and frustration?
Maybe at that moment you felt
Like life did not give you a chance
At understanding how to live
A better way?
This is how I felt yesterday.But I immediately wrote down some pleasant words on some index cards
Which I made out of plain paper,and now I look at them whenever I feel like I need some motivation
Look at the price of Bitcoin COINBASE:BTCUSD notice
That it's above the 30 day moving
Average?
Also it's hit a New High 🤯🚀
This is awesome news for this cryptocurrency
And congratulations to all the people who believe in Bitcoin.
Because of the following 3 Steps:
1️⃣The price is above the 50 MA
2️⃣The price is above the 200 MA
3️⃣The price has gapped up in a trend
The price of Bitcoin is in a good buying position.
Notice the line below?
This line reminds me of the volatility that comes from Buying Crypto
So be careful if you are using margin.
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn more about Risk Management And Profit Taking Strategies. Also use a simulation trading account before you use real money
$SPY $615 target.Look at the chart, unless a crisis happens, $615 AMEX:SPY should be an easy target within 40 days. Look to hit a mental percentage of 30% YTD, the target here is under that incase of a selloff. $620 would be the 30% YTD target. January 2025 $615c. Not financial advice.
Wallstreetloser
BIT scours a new highsAfter the prices slightly down searching for a support, it gained a good momentum from the bullish channel bottom board to rise again scouring a new high at 103.620.
The Main direction for the medium and long periods remains bullish and it may scour new highs around 106.880 area, But that relay on the stability of the channel's bottom line.
As if the price was able to break through that line it may search for more supports then
GOLD TECHNIAL UPDATE >GO :? AND READ THE : CAPTAINBuddy's dear friend 👋
Gold trading signals technical analysis setup I think 🧐 Gold ready for Down trand 😜 4 H Time Frame 🖼️ looks good Short Trade first Zone buddys 2774 Next Short Trade 2700
Why wait should be good choice for short Trade 😄. Technical analysis setup now stall Sell trend 📈. Follow risk management
Technical analysis setup look for short trade entry 2673 target 🎯 2540 OANDA:XAUUSD
Technical analysis setup look for short trade entry 2704 target 🎯 25 80 2540
🎮
S upport 🌟 My hard analysis Setup like And Following Me 🤝 that star ✨ game
BTCUSD TECHNICAL UPDATE : GO AND READ THE :CAPTAINBuddyS dear friend 👋
Crypto Traders. Are you still wanting for buying zone right now 🙏🤔 BTC USD All time high 94k buying zone right now
92K Big support level 🎚️. Easy to recover 💪 back up trand 97k
Technical analysis setup look for first buying zone 94k Next buying zone support level 92k
Buying said 94k target 97k after 25 hours Hit 🎯
Next buying said 92k target 97k
After two 48 hours
Support ✨ My hard analysis Setup like And Following Me 🤝 that star ✨ game 🎮 BITSTAMP:BTCUSD
The #1 Reasoñ NASDAQ 100 Will Trend UpI have been running in my doubting
About my Trading strategies..
Because sometimes that market 📈
Volatility makes it difficult to trust a system.
But you have to remind yourself that everything takes time especially when dealing with equity stocks
Again full disclosure Am mostly a Bitcoin Trading Expert
Because its easy for me to buy Bitcoin I kind of mirror my Trading strategies to pick stocks to trade.
But there is down side..low margin below x5
Meaning for every stock to trade do not use more than 5x leverage
Because the volatility will cancel you out your position.
Think of these trades like investing.Swing trading is not day trading.
In order to day trade you need to subscribe to monthly payment services such as newsletter, or TradingView
These services will allow you to dive deep into your trading journey so that you can learn how to make money quickly.
These trades I show you are swing or investment strategies.
On average you hold for about 3 months.
It's not easy but it's good for beginners.
This is why CAPITALCOM:US100
Is a good buy because it's price
correlation is connected to Bitcoin COINBASE:BTCUSD
I must warn you.There are a lot of short sellers pilling into Bitcoin.Because they think it will crash ⬇️
Bitcoin won't crash instead it will go up!
Also this chart is following the rocket booster strategy check it out.
From the resources below ⬇️
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Please
Learn More by using a simulation trading account before you use real money
Friday Gold Chart Support Resistance Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2563 and 2573. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2560, 2555.
Upside Watch: Look for buying signals if it rises above! Targets: 2570, 2585.
The SP500 Bear TrapYesterday was a long day
As I lay in bed reading about
Candle stick patterns.
I kept thinking of another way to see through the current system am already using
Trading has so many mirrors and once you understand just one system
You can leverage it as a mirror.
This is what puts me ahead of the competition honestly
I don't think there be ever a day I don't
See a trading opportunity maybe it's because I pushed myself so hard to learn trading...I don't know
But there I not even one day which I can honestly say I dont see a trade to profit from
Look at this chart of SP500 SP:SPX
The 🐻 Bears have taken over.
They was a huge market crash ⬇️
But this is called a "bear trap "
It's the opposite of a "bull trap"
This when you really have to buy the dip..
Also notice the 3 step Rocket Booster Strategy
🚀 Price is above the 50 EMA
🚀 Price is above the 200 EMA
🚀 Price is in an uptrend
Knowing this strategy will boost your understanding of trends and mass psychology
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not .
Also practice on a simulation trading account before you use real money
XOM Stock + The 3 Step Rocket Booster Strategy You are thinking about trading
And wether you should day trade or swing trade.
You already have the will to learn more, otherwise you wouldn't be reading this content
Trading is hard to learn and master and so I want you to not think about how bad your past experiences
Where with learning how to trade.Focuss on learning about a good way to trade the right way.Because with
The proper risk management you can enjoy trading the right way.
Can you imagine trading with a mindset knowing you have opportunity to learn more about the different trading systems?
Learning about the Rocket 🚀 Booster Strategy will feel simple and easy and quick.
The 3 Step Rocket Booster Strategy:
👉The price has to be above the 50 EMA
👉The price has to be above the 200 EMA
👉The price has to gap up in a trend
Now that you understand the 🚀 Rocket booster strategy according to this stock NYSE:XOM
You can tell wether a stock is in an uptrend or not.
Do you see that you can either swing trade or day trade?
Do you understand that you can learn more eventhough trading is hard to master?
Do you see that with risk management you can learn to enjoy trading?
Rocket 🚀 Boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not
GOLD - one n only area, what's NEXT???#GOLD - perfect move as per our analysis guys and market placed our today first area that was 2550 around as we discussed.
guys that area can play major role in today.
keep close that area 2550 and take it serious.
because only that area can create again buying volume otherwise not. if market didnot hold it in that case expected areas are on table.
2523 n 2480
good luck
trade wisely
Wednesday Gold 100% Analysis Alert!Attention traders! XAUUSD is on fire, setting new highs with precision! Check this out:
XAUUSD Insight: Locked in a fierce contest between 2691 and 2600. Is a breakout near?
Downside Watch: Stay cautious for potential drops if it dips below this range! Targets: 2688, 2685.
Upside Watch: Look for buying signals if it rises above! Targets: 2605, 2611.
Investors, Heads Up! XAUUSD Breakout Alert!Calling all traders! XAUUSD is blazing, smashing records with finesse! Here’s the latest:
XAUUSD Overview: Engaged in a gripping duel between 2682 and 2695. Is a breakout looming?
Bearish Outlook: Be alert for potential declines if it dips below the range! Targets: 2676 and 2667.
Bullish Outlook: Anticipate buying opportunities if it breaks above! Targets: 2700 and 2705.
Join the Discussion: Share your perspectives as we journey through this golden terrain! Let’s reach new heights together!
Calling All Pro Traders!This is the action you’ve been waiting for as it dances around critical levels!
XAUUSD Outlook:Currently in a tight range between 2692 and 2700 – a major battle unfolding here! Will it break out soon?
Keep those eyes peeled! Downside Alert:If XAUUSD slips below this key range, it could trigger a swift move lower! Targets on the radar: 2680 and 2667.
Be ready to act! Upside Potential: On the flip side, if we see a breakout above this zone, it could set the stage for an explosive rally! Next targets in sight: 2704 and 2708.
Is the bulls' momentum building? Let’s Chat! What’s your take? Will we see a breakout or a reversal? Drop your thoughts below! Together, we’re navigating one of the most exciting moments in the market! Stay sharp, stay strategic – let’s go for the win!
XAUUSD Primed for a Breakout: Key Levels to Watch Now!Attention Pro Traders! XAUUSD is heating up, and big moves could be on the way!
XAUUSD Update: Locked in a tight range between 2649 and 2665. Will it break out or break down? Keep watching.
Downside Alert: A slip below this range could lead to quick drops. Targets: 2644 and 2639. Get ready!
Upside Potential: A push above this zone could fuel a rally! Next targets: 2680 and 2698.