Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Xauusdsell
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.
Accumulation - bulls and bears dispute ! XAU sideway ⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options.
Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event.
⭐️Personal comments NOVA:
The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping
TP1: $2645
TP2: $2638
TP3: $2630
🔥SELL GOLD zone: $2666 - $2668 SL $2673
TP1: $2658
TP2: $2645
TP3: $2630
🔥BUY GOLD zone: $2617 - $2615 SL $2610
TP1: $2625
TP2: $2632
TP3: $2640
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Potentially BearishOANDA:XAUUSD topped out at almost 2800 and there after we have seen some consistent lower lows and lower highs. If price continues to hold around the 2650 area with some significant rejections, we just might see price creating a new lower high and potentially targeting the 2542 key zone area. Although we might see price dropping lower than that, I will rather lock in some profits when price comes to that zone
Always do your analysis before taking any trade. Past results does not guarantee future results
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.
Seize the opportunity to continue shorting goldBros, gold fell as expected and touched the short-term support area of 2635-2630, and then rebounded again. Currently, gold is running around 2639.
At present, gold is repeatedly bullish and bearish in the short term, and neither the rise nor the fall is sustained. The overall market can be classified as a volatile market. However, from the perspective of the strength of gold's rebound, gold is relatively weak, and it has never effectively broken through 2650 during the rebound. So in short-term trading, we still focus on shorting gold after the rebound.
Then the area we focus on first is the 2645-2650 area, followed by the 2660-2665 area. As long as gold remains below 2660, I think the short energy is still slightly better, so at the right time, we can short gold with the 2645-2650 and 2660-2665 resistance areas.
Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Hold on to short gold positionsBros, as I said in my last opinion, we can short gold with the 2645-2650 resistance area. I have already shorted gold at 2645 and 2651 as planned.
Although gold has not fallen effectively so far, it still remains above 2640. But we can see that gold has not effectively broken through 2650 in many rebounds, so I think that after consuming a certain amount of long energy, gold will fall again.
So I am still very confident in my short position. Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Short gold after reboundBros, the lowest retracement of gold during the day was around 2622, and then rebounded and is now running around 2634. Since gold has chosen to break through downwards and is particularly weak during the rebound, we still give priority to shorting gold in the short term. The top focus is mainly on the resistance in the 2640-2650 area. The main focus on the 2640-2650 area resistance. In terms of short-term trading, we can short gold based on this resistance area.
XAUUSD SELL Gold starts the new week on the back foot and trades below $2,650. The renewed US Dollar strength and the recovery seen in the US Treasury bond yields don't allow the pair to stage a rebound despite the risk-averse market atmosphere.
From a technical perspective, an intraday slide below the lower boundary of a nearly one-week-old descending channel could be seen as a key trigger for bearish traders. Moreover, oscillators on daily/4-hour charts have again started gaining negative traction and suggest that the path of least resistance for the Gold price is to the downside. Hence, a subsequent fall back towards last week's swing low, around the $2,605 region, looks like a distinct possibility. Some follow-through selling below the $2,600 mark would expose the 100-day Simple Moving Average (SMA), currently pegged near the $2,575 region.On the flip side, the ascending trend-channel support breakpoint, around the $2,642-2,643 area, might now act as an immediate hurdle ahead of the $2,652 static resistance and last Friday's swing high, around the $2,665 region. Some follow-through buying should allow the Gold price to reclaim the $2,700 round-figure mark and extend the positive move further towards the $2,721-2,722 supply zone. The latter should act as a pivotal point, which if cleared decisively will suggest that the recent corrective decline from the all-time peak touched in October has run its course and pave the way for a further appreciating move.
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.
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.
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.
Scenario on XAUUSDOn the chart we have a level marked around which the price has been hovering all the time. This level is located around the price of 2660-2640. A correction is forming which is still not complete for me. If it cannot break through this resistance at this moment, it is quite likely that the price may correct somewhere towards the level of 2500 or even a lower price. For me, this market is still undecided and for now I am staying out of the position. If what I described happens, I will take a short.
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.
Gold has made a profit of 300% this weekTechnical analysis of gold: Gold is currently in a range of fluctuations. It was under pressure near 2650 yesterday and then fluctuated and retreated, but it rose sharply again in the morning near 2634. It is still in the stage of rebound correction after the plunge, showing a range of fluctuations. The short-term trend is still strong, but it is unlikely to form a unilateral trend of rising. The main support is still the unstable factor of the escalation of regional situation. The inflation premium of currency depreciation is long-term, but the risk aversion sentiment is short-term and fast. After the plunge at the beginning of this week, the price of gold has basically been in a state of low correction, and there has been a certain decline during the period. At present, the large-range triangular wedge consolidation is very obvious, and the short-term trend of the long and short roller coaster has no continuity. After the early morning trading today, it is a good opportunity to go short. The white plate pulled up falsely and pierced 2665-2670 during the day to directly go short. The upper rail pressure of the range is given to go short! The short-term price will also increase in volume and wait for the point to be touched before the short enters the market!
From the technical trend, gold will most likely continue to fluctuate within the current range in the near future, and the operation will be mainly short-term quick entry and exit. The sharp rise in the early trading is not expected to continue. Now the hourly chart of gold has shown a big positive resistance line pattern, and the current price is close to the edge of the previous upward trend line, and there are signs of a short-term decline! So there is nothing to hesitate about the operation. Continue to short gold at the current price of 2665, and continue to look at the 2640-2635 area in the short term.
Shorting gold is my best Thanksgiving gift to youBros, although gold has risen sharply to around 2646 in the short term, from the overall structure, the rebound strength of gold is still lacking, and it has never been able to break through the key level, resulting in limited room for gold to rise; and gold still faces the resistance area of 2650-2655 in the short term.
So don't be scared by the sharp fluctuations in the short term. The rebound is an opportunity to short gold; in addition, once gold forms a falling relay platform, gold is likely to continue to fall and try to reach 2600, or even 2580.
Bros, this is my Thanksgiving gift to you! Be brave to short gold! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold's Key Zones: 2658-2661 Resistance and 2615-2609 SupportGold is still oscillating within a triangular range, and the market is waiting for a breakout direction. If the price breaks above the 2658-2661 resistance zone, gold is expected to rise to around 2682, and may even touch the 2700-2710 range.
However, if the price breaks below the 2615-2609 support, the triangle consolidation may turn into a bearish continuation, with the target moving down to 2586. If no effective support is found during the decline, gold’s downside target could move towards 2568-2547.
Therefore, our primary focus should be on two key levels: the 2658-2661 resistance and the 2615-2609 support, so we can adjust our strategy accordingly upon a breakout or breakdown.
Thanksgiving: Trading Strategy for TodayMarket Review and Outlook:
In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we expect gold to trade in a narrow range with subdued volatility. Traders who followed our shorting strategy near 2650 yesterday have already locked in profits.
With lower market liquidity due to the holiday, price action is expected to remain muted. Gold is likely to oscillate between 2620 support and 2640 resistance.
Today's Trading Strategy:
Sell Zone: Short positions near 2640 and above.
Buy Zone: Long positions near 2620 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Please ensure proper risk management and avoid overleveraging your trades.
Strong Economy = Weak Gold | XAUUSDPositive unemployment data is indirectly bad news for gold. Because good unemployment data = low probability of recession , Gold price was going up because of the probability of crisis increases.
That's why I think gold will lose this tiny reaction from the range low point at full speed and go to the boxes below.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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