Wedgewe have possible wedge on gold now and if it want be real expect up to 2680-90, extend target up to 2725 , lets see next week
GOLD.PRO.OTMS trade ideas
GOLD - its breakout? whats next??#GOLD.. market bounced back from today supporting area and it was perfect move.. now immediate supportinga area will be 2607 08
keep close and if market hold it in that case our next area for upside will be our trend line means around 2640 45
good luck
trade wisely
Gold New Year Gift Entry Xauusd BuyGuy's keep Holding Gold Market Touches OB then Hit Higher Highs Before New Years.
This Entry New Year Gift
Gold buyGold is trading in a rising wedge.
Its to early for gold to brake that wege down som im expecting a rise to 2750 kext week before we go more down to 2600.
XAUUSD FOR A BUYGold overall direction for me is a buy for my strategy, it has broken my inner bearish channel to continue the up movement. So I'm looking for a buy after the breakout of the resistance.
GOLD NEXT MOVE (expecting a bearish move) (04-12-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (04-12-2024)
Current price- 2645
"if Price stays below 2670, then next target is 2635 and 2620 and above that 2680 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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GOLD PredictionWe can see Drop Base Drop at 2725 and also support level. Also chart might create a double top pattern. I'll go short at 2725 and TP at next base which at 2627.
XAU/USD 4hr Timeframe AnalysisXAU/USD 4hr Timeframe Analysis
Trend Analysis:
In the 4H timeframe, XAU/USD (Gold) is in an uptrend. However, the price has been in a semi-consolidation phase over the past few days, forming a range-bound market. Recently, the price broke above a previous resistance level and a solid trend line at 2,670, indicating a potential continuation of the uptrend.
Key Observations:
The price has broken out above the major resistance level, which has now become a key level for buyers to take advantage of.
The breakout was followed by a minor pullback, which is a common occurrence after a major level breakout.
We anticipate an accumulation phase above the major key level before the price moves down and breaks the major key level, liquidating all buyers' stop-losses.
Price Action Expectation:
Our objective is to wait for the price to go below the major resistance level and wait for a liquidity grab. After that, we expect the price to move up again and break the resistance level. This will be the time to place our buy stop order.
Trade Setup: Buy Stop
Entry: 2,717.70 (above the resistance level)
Stop Loss: 2,683.10 (below the liquidity zone)
Take Profit: 2,783.10 (next resistance level)
Action Plan:
Wait for the price to go below the major resistance level.
Look for a liquidity grab, which will indicate a potential reversal.
Wait for the price to move up again and break the resistance level.
Place a buy stop order at 2,717.70.
Set a stop loss at 2,683.10.
Set a take profit target at 2,783.10.
Fundamental Analysis:
Gold buyers take a breather ahead of US PPI inflation data. Gold's price seems to have paused its four-day recovery stint in Asian trading on Thursday after hitting fresh five-week highs near $2,725. Traders assess the odds of US Federal Reserve (Fed) interest rate cuts next year amid the ongoing upsurge in the US Treasury bond yields across curve.
Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
GOLD BUYHi Traders
What are you thinking About GOLD.
This Price seems in Buy Side To Top.
Resistance Zone 2700
Support Zone 2663/58
Price will Test Support After Again Rise.
Lets Like and Share Your Minds In Comments .
GoldXAUUSD ( Gold / U.S Dollar )
Double Top
Completed " 12345 " Impulsive Waves and " A " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
XAUUSDXAU/USD, which represents the price of gold against the US dollar, is a widely traded asset in the financial markets. It is often influenced by factors such as interest rates, geopolitical tensions, and economic data. Traders consider it a safe-haven asset, particularly during periods of uncertainty, making it a key indicator of market sentiment.
GOLD: Growth & Bullish Continuation
The price of GOLD will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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Gold on killing streakMarket completed its inverse M pattern and gives the retest of its bottle neck which we grab the opportunity of 300 pips yesterday.
What scanarios we have now?
As i entered on bearish volume trade from 2668 area with very strict stoploss of 2671.
My optimal traget will be 2652 area for today.
Gold → Breaking through channel resistance. New ATH target?Hello everyone! Ben here!
Today, gold has officially broken out of the price channel, while the bulls are striving to maintain control, defending the key support level around 2665. This level was formed in the context of a weakening USD after signs of correction. The precious metal is now facing significant growth potential, with the opportunity to distribute prices at local highs in the near future.
Macroeconomic factors are playing an essential role in supporting gold prices. Concerns over rising tensions in the Middle East continue to drive safe-haven demand, making gold a highly sought-after asset. Meanwhile, the U.S. jobs report released last Friday has fueled expectations that the Federal Reserve (Fed) might consider cutting interest rates in its December policy meeting, which is generally a positive signal for gold prices.
However, gold's growth outlook still faces short-term challenges. Investors are currently awaiting key inflation reports, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). Both reports are expected to provide critical signals for the Fed's monetary policy direction and could create substantial market volatility.
From a technical perspective, the main trend remains bullish, but prices are currently testing strong resistance. To reinforce upward momentum, gold needs to break out of this resistance zone and sustain above it. If this happens, prices could quickly move to new highs. However, if prices fail to break through, a retest of key support areas around 2677 (Fibonacci 0.618) and 2663 (Fibonacci 0.5) should be anticipated before the uptrend can continue.
Share your evaluations and questions about XAUUSD so we can discuss further!
Gold trading opportunitiesFocus on trading around the red area. If it falls to the green area, there is a high probability of a rebound, which can be used as a key buying opportunity.
GOLD COMMODITY At NOW RESITANCE & BO one slanting TRENDLINEGOLD is a Commodity Trding Instrument.In india Market Open From 09.00 AM to 11.55 PM.
Demand and Consumption
India's gold demand is driven largely by:
Jewelry: Nearly 50%-60% of India's gold consumption is for jewelry.
Investment: Gold is a popular form of investment, both in physical form (coins, bars) and financial products (gold ETFs, sovereign gold bonds).
Industrial Use: A small percentage of gold is used in electronics and medical devices.
There are multiple ways to trade in gold:
Gold Futures: Contracts traded on commodity exchanges like the Multi Commodity Exchange (MCX) in India.
Gold ETFs (Exchange Traded Funds): Gold-backed securities traded on stock exchanges.
Physical Gold: Coins, bars, and jewelry.
Sovereign Gold Bonds (SGBs): Bonds issued by the government.
Digital Gold: Purchased through apps or digital platforms in small denominations.
XAUUSDLooking at this chart shows a double-top pattern and implies that we will probably experience an ignoring price below $2600.
SCALPING XAU ! Break 2676 and retest entry SELLSCALPING XAU / USD
⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Anticipation of a more cautious stance from the Federal Reserve (Fed) supports US Treasury bond yields and helps the US Dollar maintain its weekly rise to a new monthly high, which could limit gains for the lower-yielding gold. Investors are now focused on the upcoming FOMC policy decision next week, seeking clarity on the US interest rate outlook. This decision is expected to influence USD demand and provide clearer direction for XAU/USD.
⭐️Personal comments NOVA:
Continue correcting below the 2670 zone, break out and wait for the SELL retest point at 2676
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2676 - $2678 SL $2681 scalping
TP1: $2672
TP2: $2665
TP3: $2660
⭐️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. Trading within the range.Hey traders and investors!
I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.
A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.
The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).
There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.
Good luck with your trading and investments!
Long on GoldThe same kind of idea - to buy gold after breaking structure and fixing the price above FVG.
GOLD just passed $2,700, pay attention to CPI dataWednesday (December 11) on the Asian market, OANDA:XAUUSD Spot delivery increased again in the short term. Gold price has just surpassed the important milestone of 2,700 USD/ounce, reaching the highest level of the day as of the time this article was completed at 2,703.65 USD/ounce.
Attention is turning to the US consumer price index (CPI) today (Wednesday) and the producer price index (PPI) on Thursday, both data will be important in influencing the Federal Reserve's decision to cut interest rates.
According to market surveys, the US Consumer Price Index (CPI) is expected to increase 0.3% in November, with year-on-year increases expected to be 2.7% and 3.3%, respectively. %.
Overall and core producer prices in the United States are expected to increase 0.2% month-on-month in November, with year-over-year increases of 2.6% and 3.2%, respectively.
CPI data in line with expectations is unlikely to hinder interest rate cuts, but if the data shows inflation progress is slowing, the likelihood of a third consecutive rate cut by the Fed may decrease.
The Chicago Mercantile Exchange's "FedWatch Tool" shows that the futures market expects an 86% chance that Fed Chairman Powell and his colleagues will cut the federal funds rate by 25 basis points at their meeting on August 17-18. /12.
In addition, gold prices also skyrocketed when the Chinese central bank resumed gold purchasing activities. Meanwhile, the geopolitical situation plays an important role and still has many potential risks after Syrian President Bashar al-Assad was overthrown.
Gold is considered a safe investment during times of economic and geopolitical uncertainty and tends to appreciate in low interest rate environments.
Analysis of technical prospects for OANDA:XAUUSD
On the daily chart, gold has initial conditions for a bullish outlook as it broke out of the falling price channel after a long period of sideways accumulation.
On the other hand, the Relative Strength Index also rose above the 50 level, which should be considered a positive signal for the future growth prospects as it will move towards the 75-100 area. With that, EMA21 which was the previous resistance has now become the most notable support.
Gold prices are pushed above the original price level of 2,700 USD, keeping price activity above the 0.382% Fibonacci retracement level will provide conditions for a new bull cycle with the target then around 2,730 USD where the Fibonacci retracement is located. 0.236%, more than the Volume Profile POC level.
During the day, gold has all the technical conditions to increase in price and is temporarily limited by the original price of 2,700 USD. The notable points will be listed as follows.
Support: 2,693 – 2,676 – 2,663USD
Resistance: 2,700 – 2,730USD
SELL XAUUSD PRICE 2721 - 2719⚡️
↠↠ Stoploss 2725
→Take Profit 1 2714
↨
→Take Profit 2 2709
BUY XAUUSD PRICE 2659 - 2661⚡️
↠↠ Stoploss 2655
→Take Profit 1 2666
↨
→Take Profit 2 2671
