Gold Intraday Trading Plan 12/23/2024As predicted in weekly forecast, the trend is bearish for this week. However, 4hrly TF it's still in bullish momentum. I will look for selling opportunity from 2643 and targeting 2608 initially.
GOLD.PRO.OTMS trade ideas
GOLDGOLD ,we hope that the current resistance keep buyers on current take profit rally,but if price upswings again we could see retest the broken resistance structure.
GOLD IS STILL SIDEWAYThe price is still sideways and there are no clear signs of a break out. If the price breaks out to the 2610 area, we will look for a Buy point.
Gold is still in a long term uptrend.At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
Multinational investment bank Goldman Sachs predicts that demand for gold will remain strong as central banks seek to diversify their reserves, especially after Russia's assets are frozen in 2022.
🔥 XAUUSD SELL 2607 - 2609🔥
💵 TP1: 2600
💵 TP2: 2590
💵 TP3: OPEN
🚫 SL: 2615
XAUUSD (LONG)
1)We a within a triangle which is serving as Support and resistance
currently buying at support of it
While we wait for breakout of the triangle
2)Morning star reversal pattern formed.
Gold: Navigating uncertaintyCurrently, gold is trading around $2,658 (USD) per ounce, maintaining a stable range as market participants await the Federal Reserve's upcoming decision on interest rates. This period of uncertainty has led to a consolidation phase for gold, with key support levels identified around **$2,600**. If prices dip to this level, it could present an attractive buying opportunity for traders looking to capitalize on gold's safe-haven appeal.
The sentiment surrounding gold is heavily influenced by geopolitical tensions and economic indicators. The potential for a rate cut from the Federal Reserve could bolster demand for gold, as lower interest rates typically diminish the opportunity cost of holding non-yielding assets like bullion. However, if the Fed opts for a more hawkish stance, it may cap any upward movement in gold prices.
Traders should consider adopting a strategy that involves buying on dips, particularly near the support level of $2,600. Implementing stop-loss orders below these levels is crucial to manage risk effectively, especially in this volatile market environment.
GOLD // trade the correctionThe correction is valid, and the daily is in sync with H4 in the short countertrend.
There is a clean (not yet tested) brekout on H4 that may stop the price from falling, but scale-in is possible when the valid H4 long countertrend breaks.
Target zone is the daily 138.2 and the correction fibo 38.2 levels.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
#XAUUSD 4HBased on the 4-hour analysis, the price has successfully broken below the major support level at 2600.00 and closed beneath it. This indicates a potential bearish move, with the next target expected around 2545.00.
However, before reaching 2545.00, a minor retracement is anticipated near 2660.00/2665.00, after which the price may continue towards the final target.
Let’s observe how the market unfolds.
Gold is on Retracement As we were expecting that gold will be fall on Fomc but we're expecting that market have to retest and cover the upper gap of 2660 area.
For today what we have?
Here we have mentioned the area.of watching if the h4 candle closes above it then we'll took bullish trade.
On the other hand ,current H4 candle turns REd means candle gives closing below then we'll expect market will be bearish.
XAUUSD/GOLD Next Support Zone 2580Here are The Structure of XAUUSD Gold Again Bearish Setup Guys.
Because price will Down More so we expected the Gold will no up more in this week Gold will Fall More.
Resistance Zone 2615
Next Support Zone 2580
That's Are the next Gold moving again in last week days and also last year.
Rate Share Your Idea What's Going on Thanks
Technical Analysis for Gold Spot/USD (1-Hour Chart)Current Market Overview
Current Price: $2,618.80
Trend: Bearish, with a significant downtrend after rejection from the $2,730 zone. However, a recent bounce near the NY Midnight Open ($2,610.32) suggests a potential short-term reversal.
Key Levels to Watch:
Resistance Levels: $2,640, $2,660, $2,686, and $2,700
Support Levels: $2,610, $2,580, $2,560
Bullish Scenario
Technical Factors
Price Action:
The price has rebounded from $2,610, a critical support level, forming a higher low on the shorter timeframes.
Green delta volumes near $2,610 suggest buying activity, supporting the recent bounce.
Indicators:
The pink EMA cloud is still bearish, but a sustained close above $2,620 will indicate a potential shift in momentum.
The buying delta volume dominance (89.39%) signals bullish interest at current levels.
Upside Potential:
If buyers sustain above $2,620, the next resistance levels are $2,640 and $2,660.
A breakout above $2,660 could lead to further upside toward $2,686 and $2,700.
Probable Entry Points
Entry:
Aggressive Entry: Near $2,620 if bullish candles confirm strength (e.g., bullish engulfing).
Confirmed Entry: Break and close above $2,640 with volume.
Take-Profit Targets
Short-term TP1: $2,640 (nearest resistance).
TP2: $2,660 (key resistance with heavy sell-side activity).
Extended TP3: $2,686 (next major resistance level).
Stop-Loss
Place SL below $2,610 to limit downside risk.
Bearish Scenario
Technical Factors
Price Action:
The price is still below the pink EMA cloud, and lower highs and lower lows dominate the larger trend.
Rejection from $2,640 or failure to hold $2,620 will confirm bearish continuation.
Volume Analysis:
Despite the current bounce, strong sell volumes persist near $2,640 and $2,660, indicating that sellers remain active.
Bearish continuation is likely below $2,610.
Support Breakdown:
A breakdown below $2,610 will open the path toward lower support zones at $2,580 and $2,560.
Probable Entry Points
Entry:
Aggressive Entry: Near $2,640 if price rejects resistance with bearish confirmation (e.g., bearish engulfing).
Confirmed Entry: Close below $2,610 with strong sell-side volume.
Take-Profit Targets
Short-term TP1: $2,580 (major support zone).
TP2: $2,560 (key demand zone).
Extended TP3: $2,540 (critical support).
Stop-Loss
Place SL above $2,640 to avoid being caught in a bullish reversal.
Summary: Trading Plan
Scenario Entry Zone Stop-Loss Take-Profit Targets
Bullish $2,620 - $2,640 Below $2,610 TP1: $2,640, TP2: $2,660, TP3: $2,686
Bearish $2,640 - $2,610 Above $2,640 TP1: $2,580, TP2: $2,560, TP3: $2,540
Conclusion
Bullish Bias: A break and close above $2,640 will shift the short-term trend bullish, targeting $2,660 and $2,686.
Bearish Bias: Rejection at $2,640 or a breakdown below $2,610 will likely push the price lower toward $2,580 and $2,560.
Recommendation: Watch price behavior around $2,640 (resistance) and $2,610 (support) for confirmation before entering a trade. Use tight stop-losses and follow volume dynamics closely to align with market momentum.
Another Ongoing trade in XAUUSDThe reason for this trade was the rejection from the trendline and other factors as well
XAUUSD IDEAThere is a 93% probability that the Fed may cut interest rates by 0.25%. But the thing to pay attention to here is the general backdrop - the Fed's stance. Hawkish hints about 2025 could have a much bigger impact than a rate cut, which is partially already factored in by the market.
Any hint of fewer rate cuts next year could be a growth driver for the dollar. Powell's comments play an important role in assessing the situation for next year against the backdrop of Trump's policies
Downside risks for gold are quite high due to the controversial situation in favor of the Fed's hawkish stance.
Technically, the emphasis is on the local channel. A price exit beyond 2658 or 2633 will be accompanied by a strong impulse.
Resistance levels: 2658, 2675
Support levels: 2645, 2633, 2620
XAUUSD Buy Setup with Target at 2660Plan a strategic buy entry for XAUUSD at the 2633 area, targeting 2660. Utilize a standard stop-loss to manage risk effectively. Anticipate a price pullback before continuation to the upside.
$XAUUSD - Have you seen cat ears pattern? OANDA:XAUUSD Have you ever seen a "cat ears pattern" in a chart as it happens?
Now is your chance to see how a cat's ears pattern plays out in real time. 👀
The pattern is rare and most people are not aware of it.
#Gold
waiting for buyers and interest rate tommorrowThere some buyers at this area by the open of London there should have enough player to byt that discount. Allthough the discount is not 100% real. There no buyers yet. So we are waiting for buyer s and expecting turbulence on the sell. So we are looking for confirmartions. to make entry on the sell side.
A confirmation would be no buyers on overlap hours.
XAUUSD IDEA Technically, xauusd is flat and heading for strong support
Resistance levels: 2646, 2658
Support levels: 2633, 2620, 2612.61
Price is heading towards support before the news. Manipulation before a possible rise? The probability is high
We are waiting for support retest, false breakdown and possible growth to the mentioned targets
GOLD BEARISH MOVE COOKINGCurrently in the kitchen with xauusd, we are having a pull back into the break of support zone...
Finding a liquidity to sweep, and having create one, Price is likely to reverse to continue trend with the BB -BreakerBlock...
READY TO GO BEAR?
Xauusd buy tradeJust bought some gold ,
Let see how it goes.
Gold is at a 4h demand zone
5min respecting the zone also
Technical Analysis for Gold Spot/USD (1-Hour Chart) Current Market Overview
Current Price: $2,659.07
Market Trend: Mixed with a recent bearish move, but a recovery seems to be emerging.
Key Support and Resistance Levels:
Support: $2,624.09 and $2,613.26
Resistance: $2,686.70 and $2,725.84
Bullish Scenario
Technical Factors
Price Action:
Price shows a rebound after testing the NY Midnight Open near $2,653.70.
Bullish candles are starting to form on the right side of the chart, suggesting a potential reversal.
Volume Profile:
Delta volume is indicating positive activity at lower price levels, hinting that buyers are stepping in near $2,653 and below.
Indicators:
The pink shaded bearish momentum (likely a short-term EMA cloud) appears to be weakening.
Price is attempting to push above this bearish cloud, which could act as a trigger for further bullish momentum.
Support Zone:
Strong support exists near $2,624 to $2,613, where price previously reversed on Dec 6th and 10th, as seen by the green demand zone.
Probable Entry Points
Entry: Around $2,655 - $2,660 once price consolidates above the NY Midnight Open ($2,653.70).
Confirmation: Look for price closing above $2,666 (the nearest mini-resistance).
Take-Profit Targets
Short-term TP1: $2,686.70 (key resistance zone marked by 16% delta volume).
TP2: $2,710 - This is a zone where previous bearish pressure emerged.
Extended Target: $2,725.84 (higher timeframe resistance).
Stop-Loss
SL: Below $2,650 or $2,645 to minimize risk.
Bearish Scenario
Technical Factors
Price Action:
Despite the current bounce, the overall structure remains bearish, with lower highs forming after the drop from $2,725.84.
Bearish momentum (pink shaded region) remains active on the larger downtrend.
Volume Analysis:
Negative delta volume around $2,686.70 suggests sellers are still defending that level.
Resistance Zone:
$2,666 to $2,686 is a key supply zone; a rejection here would confirm bearish continuation.
Moving Averages/EMA Cloud:
Price has yet to break convincingly above the pink bearish cloud, meaning the trend still favors sellers.
Probable Entry Points
Entry: Near $2,666 to $2,670 if the price fails to break above resistance. Look for rejection candles.
Confirmation: Bearish engulfing or a sharp pullback below the NY Midnight Open ($2,653).
Take-Profit Targets
Short-term TP1: $2,640 (previous swing low).
TP2: $2,624 - This level is the lower support zone with previous demand.
Extended Target: $2,613 - A breakdown of this level could lead to further bearish momentum.
Stop-Loss
SL: Above $2,675 or $2,680 to protect against a bullish breakout.
Summary: Trading Plan
Scenario Entry Zone Stop-Loss Take-Profit Targets
Bullish $2,655 - $2,660 Below $2,645 TP1: $2,686.70, TP2: $2,710, TP3: $2,725
Bearish $2,666 - $2,670 Above $2,675 TP1: $2,640, TP2: $2,624, TP3: $2,613
Conclusion
Bullish Bias: If price sustains above $2,666 and breaks resistance near $2,686, a bullish move to $2,710 - $2,725 could unfold.
Bearish Bias: Rejection at $2,666 - $2,686 would likely lead to a pullback targeting $2,640, $2,624, and potentially $2,613.
Recommendation: Wait for confirmation around key levels ($2,653.70 and $2,666) before entering a trade. Use proper stop-losses to manage risk.
XAUUSD ON SELLING SIDE.As have discussed in our Multitime frame detailed analysis that after the broke of 2665-2670 support area market in in rangbound from 2660-2630 area.
What possible scenario do we have?
we were expecting the market to retest that 2660 level before futher downward movement and now its happened.
On the other hand if market breaks the 2670 and gives the H4 candle closes above our bearish charts will be invaild.
Furthermore, we are on looking on sellers volume and our targets will be 2645 first then 2630.
