GOLD: Expecting Bearish Continuation! Here is Why: Looking at the chart of GOLD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
If the $2,700 Resistance is Broken, What is Gold's Next Move? On the daily time frame, two scenarios are considered if the $2,700 resistance is broken. The first scenario involves a reaction to the supply zone, leading to another decline in gold prices to around $2,620, as marked on the chart. The second scenario envisions gold continuing its upward movement after retesting $2,700, heading toward the previous high.Shortby UtoForex116
Golden hour level wave count green B wave rebound has a high proGold said yesterday that the second type of wave count red ABC may come. This morning 2703 was seen as the sub-wave of the red C wave, the sub-wave of the green B wave, and the yellow C wave rebound ended.Shortby qwekjc2
GOLD → Consolidation. Which way will the momentum go? XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen? The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP... Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher... Resistance levels: 2651, 2660 Support levels: 2636, 2618 Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fallby MarketAnalyzarUpdated 9
XAUUSD Gold Trade Idea👀👉 XAUUSD Gold has rallied, evidenced by this break in market structure on the four-hour timeframe. I’m monitoring for a potential buying opportunity on a retracement, as outlined on the chart. Please remember, my analyses are purely educational and should not be considered financial advice. 📉✅Longby fxtraderanthonyUpdated 7
XAUUSD Gold False break out back into range.Trendline Break and Retest: Gold broke a descending trendline but made a false breakout, returning into the range. This indicates indecision or a lack of strong follow-through in either direction. Short-term Movement Expectation: Price is likely to drop to the major support level at 2621. This aligns with the idea of filling the range before making another attempt at testing 2650. Swing Trade Setup: A potential move to the 2540-2585 swing range is plausible if the monthly candle needs to fill that area. This is likely a fake-out scenario designed to trap traders before a stronger directional move. Trading Strategy: Swing traders might consider taking long positions in the 2540-2585 range for a potential reversal. Wait for confirmation (e.g., bullish candlestick patterns or strong volume at key levels) before entering trades. Keep an eye on the 2621 key support, as a failure to hold here may accelerate the move lower. This approach combines short-term risk with potential long-term upside if the price respects these identified levels. Always manage risk with appropriate stop-loss levels and monitor macroeconomic factors influencing gold.Longby CapitalXXUpdated 2
XAU ! Scalping ! Buy according to the main short-term trendSCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) pares most of its intraday gains, hovering near the two-week high reached the day before, and trades slightly higher above $2,660 in early European trading on Tuesday. The US Dollar (USD) continues to gain momentum, extending its rebound from a nearly one-month low following the NFP report, as expectations grow that the Federal Reserve (Fed) will take a cautious approach to rate cuts. This remains a key factor limiting the appeal of the non-yielding yellow metal and restricting its upside. ⭐️Personal comments NOVA: Gold price is having a good recovery after a lot of good news for this precious metal, priority is given to scalping with the trend, support zone 2655 ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2656 - $2654 SL $2649 scalping TP1: $2665 TP2: $2678 TP3: $2688 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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 accountLongby Nova-ScalperUpdated 1111
$BTC / Gold StudyBeen studying the price action of Gold since Nixon took the US off the gold standard and the launch of the ETF. Here lies the clues to “this time is different”, where ₿itcoin could have its runaway moment and break free from the 4-year cycle. Thread coming soon 🤓by jonnieking1
"XAU/USD Potential Bullish Reversal with Key Targets Ahead"Technical Analysis for Buy Trend: XAU/USD is showing signs of a potential bullish reversal from the oversold conditions. Indicators: RSI and Stochastic are in oversold territories, suggesting a potential upward movement. Target Areas: 2670, 2700, 2800, and 2900. Trading Scenario Entry Point: 2657 Stop Loss: 2630 Target 1 (TP1): 2700 Target 2 (TP2): 2800 Target 3 (TP3): 2900 Explanation Entry: Enter a buy position at 2657. Stop Loss: Set stop loss at 2630 to limit downside risk. Scenario: If the price reaches the resistance level at 2670 and retraces to 2655, look for a break above 2675. TP1: Set the first profit target at 2700. TP2: If the price continues to move up, set the second profit target at 2800. TP3: For long-term targets, aim for 2900. Longby tradingdxy852
Gold forms a secondary high and will fall sharply againHello everyone. Today we can see that the 4-hour chart seems to need to form a triple top resistance at the secondary high point. It can be found that the current trend of the 4-hour chart is very similar to the previous one. Both are after a long period of consolidation and then fall sharply again Therefore, if the current trend of gold replicates the previous market after touching the resistance area, then you must be careful of a sharp drop in CPI If you think my article analysis is helpful to you. You can like it. Thank you for your support. The content posted here will be delayed so you need to pay more attention to my information.Shortby FeaturedTradingSignalsUpdated 1113
GOLD → False Breakout And Negative Fundamental BackgroundBINANCE:BTCUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue? Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try Resistance levels: 2675, 2682, 2699 Support levels: 2658, 2636 From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the highby MarketAnalyzar8
Gold Trade plan 04/12/2024Dear Traders, my Scenario is still same with my last Scenario`s i published, Maximum price (2660-2677) for Bearish Scenario 0.5-0.618 Fibonacci level and top of Descending Channel , "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza! Shortby alirezakUpdated 12
LOOKING TO GO SHORT ON XAU/USDXAU/USD 4H - As you can see from this screenshot I am wanting to see price trade us lower from the Supply Zone I have marked out, price trading into this and rejecting to the downside builds confluence. If you are wanting to be less pre-emptive and wait for entry confirmation you will need to go to the lower timeframes, like the 15M & 5M. This will allow you to get your fractal breaks of structure to the downside to confirm a reversal in trend. a BOS would suggest enough Supply has been introduced to flip the balance, putting an end to this current bullish correction and starting the next bearish leg trading price lower. If you are a higher timeframe trader or someone who is more aggressive with there approach a penetration and rejection may be enough. I will be looking at the lower timeframes for additional confluence for you all, but this is a trading opportunity we could look to take advantage of, I will provide further analysis on this pair shortly.Shortby Lukegforex3
trend xauusd#xauusd Gold continues to decline? Gold broke its upward channel and reached the support range of $2660. If the current support fails, the next support range is 2625 and 2600 dollars. If it stabilizes above the support range, it can move towards $2705 again.by arongroups4
XAUUSDgold 1h frame break and made new high retest on 2634 great buy took 130 pip..now it is still monday but as i see gold is in range and still wanna to break above 2650, if that so then lets take short on resistence as i have draw the line on 4h chart. if agree like and comment.Longby Time-Win224