Gold Bullish Now Guys as we can see that gold market has downfall after it made 2726high in nest week.
And the Gold Market has given a buy entry for FVG of 2648.600.
And now we can take buy entry from 2650 for long term.
GOLD.PRO.OTMS trade ideas
Xau/Usd buy ideaGold is still in a uptrend on the daily chart and gold is at trendline support on hour 4.
So after taking profit from the last idea, i would like to try to buy this all the way up or even a new all time high because of the situation with wars, israel planning to attack iranian nuclear sites, ect...
XAUUSD 15/12/24Coming into this week, we are observing a clear shift in market bias that occurred at the end of last week, transitioning from bearish to bullish. After running the highs and selling off, we are now looking to run the lows and then buy back into the same highs. This setup could shape up to be a strong week for longs in gold, potentially leading to a clean bull run as Christmas approaches and the market slows down.
Based on the content shown on our charts, we can see there was "money out" within our supply zone, which triggered the previous downward shift. Now, we are looking for "money in" within our entry timeframe, which is the 15-minute chart. Watch for a clear entry around the lows. Additionally, there is liquidity above the current highs, which could fuel the next upside move.
Trade safely and stick to your plan.
Why Gold will sell off again!!As we saw in previous year gold always has a pattern that it follows after a massive rally, we now in the phase of accumulation and it rotating around the POC level of massive move down,
now its try to break the recent resistance but I think it will fail cause of it accumulation nature.
Watch out for new and trade has nice risk to reward!!
Use proper risk management!!
FOLLOW me for more breakdown!!!
XAUUSD ONE DAY CHART Hello Traders and investor
Xauusd can go buy 2690
It's support will be 2640
Current price 2652
It's 1st target will be 2668
I have placed in the remaining targets in the chart
XAUUSD First Golden Cross (4h) in 5 months. Strong Buy.Gold is trading inside an 8 month Channel Up and just crossed above the Falling Resistance of the previous High.
It is about to form a Golden Cross on the (4h) timeframe and the last such formation dates back to July 7th.
That was a heavy bullish signal that peaked on the 1.236 Fibonacci extension.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2850 (the 1.236 Fibonacci extension).
Tips:
1. The MACD (1d) is also printing a similar Bullish Cross to July's. This is an additional strong buy signal.
Please like, follow and comment!!
Notes:
Past trading plan:
Gold PredictionStrong base + support at 2648 might have reaction and probably do a pullback to around 266x then hopefully continue the downtrend. if not, price will bounce at 2648 and break the base at 266x. but im looking to short this gold :D
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis
and important supports and resistances for Gold for next week.
Support 1: 2648 - 2666 area
Support 2: 2605 - 2625 area
Support 3: 2536 - 2563 area
Resistance 1: 2718 - 2732 area
Resistance 2: 2787 - 2789 area
Consider these structures for pullback/breakout trading.
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Weekly XAUUSD analysis, 16 - 20 Dece 2024.Daily TF:
Price swept the LQ from both sides.
-We don't know if the price will continue the swing bearish OF or shift bullish.
Confirmations come from LTF
4H TF:
4H and daily Demand zone + Feb Golden zone.
-Firm area to BUY from.
Confirmation comes from LTF.
15M TF:
- The INT structure is bearish but could shift to confirm the expected bullish move and the 15M swing pullback phase at least.
-This high is strong but we expect it to fail.
Until now 15M swing structure has been bearish If you wanna short from here, wait INT structure
shift first.
Gold Daily trade idea (XAUUSD)As per my analysis from current market price of 2648-49 gold market will be bullish this week and we can take a small risk here with low risk and high reward ratio
XAUUSD Friday Trading PlanFollowing the massive sell-off during the three session on Thursday, the market has shifted from a steady uptrend into a sharp bearish structure. The recent price action broke below key support levels, creating potential for a bearish continuation but also signalling possible accumulation near current lows.
The chart structure appears to show elements of a Wyckoff schematic:
Preliminary Support (PS): Buyers began stepping in as the initial drop slowed, likely absorbing sell orders.
Selling Climax (SC): A large impulse to the downside marked the lowest point of intense selling, followed by a relief rally.
Automatic Rally (AR): A quick upside reaction, suggesting that demand re-entered the market.
Secondary Test (ST): Price retested near the SC level, confirming it as a key area of interest.
Resistance: $2,700: Psychological level and potential midpoint for further bearish movements.
Support: $2,680: The current low and possible accumulation area and further down at $2,650 we'll find lower support area.
Bearish Case: If price fails to reclaim the $2,700 level and shows signs of distribution (e.g., liquidity sweeps or bearish order blocks near resistance zones), a continuation to the downside could target $2,650 or even lower.
Bullish Case: Evidence of accumulation (e.g., higher lows forming or Wyckoff Spring behaviour near $2,680) could signal the start of a recovery rally back toward $2,700 or higher into the $2,725 range.
For the Asia Open: Monitor the $2,680 zone for signs of demand accumulation. Look for a Wyckoff Spring setup or a sweep of liquidity followed by a market structure shift (MSS) on M1.
TRADE SAFE !!
GOLD MARKET ANALYSIS AND COMMENTARY - [Dec 16 - Dec 20]At the beginning of this week, OANDA:XAUUSD quite strongly from 2,627 USD/oz to 2,726 USD/oz, but then dropped sharply to 2,645 USD/oz and closed the week at 2,648 USD/oz.
The reason why international gold prices increased sharply in the first sessions of this week was because investors reacted to the fact that the People's Bank of China (PBoC) returned to buying 5 tons of gold in November after many months of temporarily stopping buying. reserve gold. Even with the six-month hiatus, the PBoC bought 34 tons of gold this year and remains one of the top central banks buying gold in 2024.
However, gold currently accounts for less than 6% of China's total foreign exchange reserves. This shows that the PBoC's room to continue buying gold reserves is still very large, especially when US-China tensions are increasingly escalating when President-elect Donald Trump threatens to impose very high tariffs on China.
However, after rising to 2,726 USD/oz earlier this week, gold prices once again fell sharply because US inflation remained persistent, affecting expectations of the FED's monetary easing cycle.
While the decision on FED monetary policy will receive more attention next Wednesday, the gold market will also receive important economic data that can impact the FED's monetary easing cycle, such as retail sales, revised third quarter GDP of the US...
📌Technically, the gold price still maintains an uptrend on the Daily technical chart, as the price is still above the EMA89 moving average. However, on the H4 chart, the movement of the moving average shows that the price is accumulating sideways, the resistance area to pay attention to is around the 2725 mark, while the important support zone is around the round resistance mark of 2600. In the coming week Many influential information can cause gold prices to fluctuate strongly beyond this sideways range.
Notable technical levels are listed below.
Support: 2,644 – 2,634USD
Resistance: 2,663 – 2,676 – 2,693USD
SELL XAUUSD PRICE 2751 - 2749⚡️
↠↠ Stoploss 2755
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
XAU/USD 16-20 December 2024 Weekly AnalysisWeekly Analysis:
Swing Structure -> Bullish.
Internal Structure -> Bullish.
Analysis/Bias remains the same as analysis dated 01 December 2024.
Price Action Analysis:
In my analysis dated 27 October 2024, it was noted that the first sign of a pullback would be a bearish Change of Character (CHoCH), indicated by a blue dotted line. Price's consistent upward momentum had positioned this CHoCH much closer to recent price levels as expected for weeks.
Now, for the first time since 23 November 2020, price has printed a bearish CHoCH. We are currently trading within a defined internal range.
Price is anticipated to trade down towards either the discount of the internal 50% Equilibrium (EQ), highlighted in blue, or the Weekly demand zone before targeting the weak internal high.
Note:
It is highly unlikely price will "crash" as many analysts are predicting. My view is this is merely a corrective wave of the primary trend.
Given the Federal Reserve's dovish policy stance alongside heightened geopolitical risks, market volatility is likely to remain elevated, influencing intraday price swings.
Weekly Chart:
Daily Analysis:
-> Swing -> Bullish.
-> Internal -> Bullish.
Analysis/Bias remains the same as analysis dated 01 December 2024
Price Action Analysis:
Price has shown a reaction from discount of internal 50% EQ. Currently price has been unable to target the weak internal high
Given the current internal range dynamics, price is expected to target weak internal high, priced at 2,790.170 However, considering the signs of a pullback phase on the Weekly timeframe, there remains a possibility of price printing a bearish Internal Break of Structure (iBOS). Price has yet to tap into Daily demand.
Note:
With the Fed maintaining a dovish policy stance and the continued rise in geopolitical tensions, we should anticipate elevated market volatility, which may impact both intraday and longer-term price action.
Daily Chart:
H4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not a bad day at all on Gold, our path worked well, we got the low, got the move up, got another 50pip short and then switched to the red boxes for bonus scalps. It was literally a level to level, point to point move!
To round up the day, we would say higher level above are to be targeted with support now at the 2675 region and the bias as bullish above. We would like to either see this attack resistance over the Asia session and then confirm a short, or, we'll wait below for the RIP to take it higher.
Not much more to report on.
As always, trade safe.
KOG
THE KOG REPORT - ELECTION SPECIAL - UpdateDaily chart – Election Special:
Quick update on the election chart we have been sharing since the beginning November. As you can see it’s worked well, however, at this stage of the movement we should have seen more upside movement on gold, which the accumulation is controlling. We have now added the additional level below 2590, as potential which corresponds with the KOG Report that has been posted.
Otherwise, nice clean movement, projected from the highs, swings were captured and levels worked extremely well. Red arrow was the projection, green arrows tracking movement.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Geopolitical tensions will lead to gold strengtheningGold is trading in an ascending channel drawn by the Andrews fork. The support level of $2,646 acts as a critical point, and if it holds, there is a possibility of a rise to the resistance level of $2,702.
Technical and fundamental analysis
1- Technical analysis: The price is close to the lower Bollinger band and is likely to return to higher levels.
2- Geopolitical tensions: Increased tensions in the Middle East have increased demand for gold.
3- Weakness of the dollar: The decline in the dollar index and possible Federal Reserve policies have worked in favor of gold.
Conclusion
Holding the $2,646 level is essential for the bullish trend to continue, and any increase in geopolitical tensions could push the price towards $2,702.
Gold Prices Are Carving Out a Rectangular PatternIt will take a few more weeks for a proper pattern to form, but gold prices are carving out a rectangular pattern. The chart shows potential target levels following a breakout.
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10 Brutal Truths About Why Retail Support & Resistance Fail !CAPITALCOM:GOLD
10 Reasons Why Retail Support and Resistance Levels Fail: Unlocking Gann’s Secrets to Market Mastery
Here’s a deeply researched, professional explanation for each point, infused with Gann’s quotes, examples, and concepts, to open the eyes of traders to why retail methods often fail and how Gann's wisdom provides clarity.
1. Static Levels in a Dynamic Market -
Explanation: Retail traders often draw support and resistance (S/R) lines as static horizontal levels, expecting the market to repeatedly respect them. However, Gann emphasized the dynamic nature of markets, stating:
"Markets are never still; they are always moving, reflecting time and price interplay."
Markets are influenced by cycles, trends, and time frames, making S/R levels fluid rather than fixed. For instance, Gann’s Square of Nine shows how support and resistance rotate based on angles and time increments, offering precise levels that adapt dynamically. Retail traders fail to adjust their levels as time progresses, missing key changes in price behavior.
2. Failure to Incorporate Time -
Explanation: Retail S/R methods typically ignore the role of time, which is a critical element in Gann's work. Gann wrote:
"Time is the most important factor in determining market movements."
Support may fail not because the level was invalid but because the "time factor" for that level has expired. For example, in Gann’s Time Cycles, support at a certain price might hold only for a specific duration. When that time passes, the level loses its relevance. Retail traders, unaware of such timing principles, are often blindsided when the market breaks their "strong" levels.
3. Lack of Confluence with Angles -
Explanation: Gann’s methodologies prioritize the confluence of price and angle relationships. He believed that price moves in harmony with geometric angles, stating:
"When price meets time at an angle, a change is imminent."
Retail traders fail to consider these angular relationships, focusing only on flat horizontal lines. For example, a 45° angle from a significant low often acts as a true support, but retail traders, relying solely on previous price zones, miss these powerful turning points.
4. Overcrowding and Psychological Herding -
Explanation: S/R levels widely used by retail traders often attract a large number of orders at the same price zone, making them predictable and vulnerable to institutional manipulation. Gann noted:
"The crowd is often wrong, and the minority drives the market."
Institutions exploit this herding by triggering stop-losses just below support or above resistance, creating false breakouts. For instance, Gann’s "Law of Vibration" explains how markets seek equilibrium by disrupting imbalances created by crowd psychology.
5. Ignoring Volume Analysis
Explanation: Retail traders rarely integrate volume into their S/R analysis. Gann emphasized the importance of volume, stating:
"Price movements must be confirmed by volume to validate strength."
Support may appear to hold, but without accompanying volume, the level lacks significance. A practical Gann-based example would involve observing increased volume near a critical angle or price zone, signaling genuine strength or weakness at that level.
6. Using Recent Highs/Lows Without Context -
Explanation: Many retail traders base S/R levels on recent highs and lows, assuming these are universally strong zones. Gann criticized such oversimplified approaches, writing:
"The past governs the future, but only through proper analysis of cycles and patterns."
Without analyzing historical patterns and cycles, these levels are often superficial. For example, Gann's Master Charts reveal that true resistance may lie at a harmonic distance from an earlier historical pivot, not necessarily at the recent high.
7. Misunderstanding False Breakouts -
Explanation: Retail traders often misinterpret false breakouts as failures of support or resistance. Gann explained this phenomenon through his price and time squares, stating:
"A breakout without harmony is often a trap, designed to mislead the majority."
For instance, a false breakout above resistance might align with a Gann angle signaling a reversal, confusing those relying solely on retail S/R levels.
8. Ignoring Market Structure and Trend -
Explanation: Retail traders often focus on S/R levels without understanding the broader market structure or trend. Gann believed:
"The trend is your friend until time signals the end."
Support is more likely to hold in an uptrend, while resistance is stronger in a downtrend. A classic Gann principle involves combining market structure with angular analysis to determine whether S/R levels will hold or break.
9. Failure to Account for Gann's Price Harmonies -
Explanation: Gann’s studies reveal that price moves in harmonic relationships, often tied to Fibonacci ratios and geometric principles. Retail traders using arbitrary S/R levels fail to respect these harmonies. For example, Gann's observation of price doubling or halving (e.g., $50 to $100) often defines true support or resistance.
10. Reliance on One-Timeframe Analysis -
Explanation:
Retail traders frequently analyze S/R on a single timeframe, missing the interplay between multiple timeframes. Gann emphasized multi-timeframe alignment, writing:
"The major trend governs the minor trend, and the minor trend refines the major."
Support on an hourly chart may fail if it conflicts with resistance on a daily chart. Gann’s multi-timeframe methods ensure alignment, reducing the likelihood of failure.
Updated Closing Thought-
By understanding the reasons why retail support and resistance often fail and incorporating Gann’s time-tested principles, traders can elevate their skills to a professional level. Gann's focus on time, price, and geometry provides a roadmap to understanding the market with unparalleled precision.
This content is invaluable for anyone seeking trading mastery, so don't keep it to yourself! Save this and share it with your friends so they can benefit too. Follow for more absolutely valuable and free trading insights!
GOLD: China’s Purchases GOLD and Middle East Conflict AccelerateGOLD: China’s Purchases GOLD and Middle East Conflict Accelerate Further
Gold has been accumulating for about two weeks in a large zone without showing any clear direction. It now appears to be gearing up for a bullish wave. A move above the top of the small structure, or above 2667, should push gold up further.
This bullish wave is supported by factors beyond the technical chart:
👉Gold price (XAU/USD) nudges higher on Monday’s early European session, favoured by its safe-aven status amid the increasing uncertainty in the Middle East after the fall of the Bashar al-Assad regime in Syria.
👉Beyond that, The People’s Bank of China (PBoC) announced over the weekend that it resumed Gold purchases in November after a six-month pause, which is giving an additional boost to the precious metal.👉
You may find more details in the chart!
Thank you and Good Luck!
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Lingrid | GOLD Correction and Path to ContinuationThe price perfectly fulfills my last idea. It reached target. OANDA:XAUUSD is currently pulling back toward lower levels. The market has formed equal lows, and the price may drop below these equal lows before pushing into higher zones. I believe if the price rejects the support zone around 2665 and the upward trendline, there is a good chance the market will bounce back. This support level has been respected multiple times, as it acted as the top of the consolidation zone before. I expect the price to move lower, potentially testing the equal lows and the previous day's low, followed by a bullish reversal. My goal is resistance zone around 2700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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.
Very important cleso for the week. Multi-T.F AnalysisThis week’s close on OANDA:XAUUSD is poised to be crucial for determining the next directional move. Key levels to monitor include critical support zones and resistance thresholds that will shape market sentiment. A close above significant resistance could signal a bullish breakout, while a close below vital support might confirm bearish continuation. Traders should also observe intraday trends and confirm with higher time frames for alignment. Stay alert for any economic or geopolitical news impacting gold’s price.
XAUUSD XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index releaseTechnically, the XAU/USD pair is at risk of extending its slide, albeit far from bearish. The daily chart shows that the pair keeps developing above all its moving averages, with the 20 Simple Moving Average (SMA) maintaining its upward slope below the current level and above also bullish 100 and 200 SMAs. However, technical indicators have turned south, with the Momentum heading firmly south below its 100 level and the RSI also pointing lower, albeit at around 54In the near term, and according to the 4-hour chart, XAU/USD is currently developing below its 20 SMA, which anyway remains above directionless longer ones. The corrective decline could continue, given that technical indicators head firmly lower, although considering the Momentum indicator remains above its 100 line.
Support levels: 2,676.30 2,662.50 2,650.40
Resistance levels: 2,693.70 2,704.35 2,722.60
