GOLD continues to declineGOLD is in a descending channel below the trend lines. The chart continues to decline from the resistance level. The price fell continuation. We expect the continuation of XAUUSD decline.Shortby FOREXxADVISORUpdated 2
Bullish pullback Gold continues to be in a correction phase and looks headed towards the region between 2650-2700 as targets. As long as price stabilises above the 2600, the yellow metal may continue it's upward move. Failing to settle above 2600, may lead to a retest of 2585 leading to a possible bearish continuation.Shortby Two4One45
Gold entered into a bearish structureHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts by ForexMasters20004
SELL XAUUSD CMP 2628 Trading Strategy: XAUUSD (Gold) Action: Initiate a Sell position on XAUUSD at CMP 2628. Target Levels: Primary Target: 2580 Secondary Target: 2570 Rationale: This appears to be a pullback rather than a sustained move upward, offering a favorable selling opportunity. Stop-Loss (SL): Place your stop-loss above 2641-2645 for risk management.Shortby sorathiyarobin786Updated 3
XAUUSD potential sell-to-buy setupHere at Burnt Candle we are expecting the price of XAUUSD to rise, however, we would first like to see price drop before the push upwards.Shortby Burntcandle_mUpdated 223
GOLD Next Move (wait for the perfect entry)TVC:GOLD Now the price must settle above 2637 to reach our resistance area which is 2660 for an ideal entry and then it will drop to the next target which are 2611 and 2583.Shortby temer_duskiUpdated 7
XAUUSD Downtrend market structure on 4HTFThe market has confirmed a downtrend market structure on the 4-hour timeframe and is currently heading towards my first resistance level which could potentially sell the market. I will await further entry confirmation/confluence when the market opens again. Shortby Mallustech4
Detailed Analysis of Gold"All Insights are given on Chart" (Follow for more Valuable Updates) Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folksShortby FalakSHAH6
bull time?Current Trend: The chart shows a recent downtrend, with the gold price falling from levels near $2,630 to around $2,582. Key Support and Resistance Levels: Resistance 1: $2,608 - This level has acted as resistance, where the price has tried to break unsuccessfully on several occasions. Resistance 2: $2,622 - Another higher resistance level, which could be a target if the price breaks the first resistance. Support 1: $2,587 - This is a recent support level where the price has bounced off. Support 2: $2,582 - A lower and critical support, which could be an interesting entry point if the price touches it and bounces off. Technical Indicators: Trading Strategy: Support Entry: If the price touches the support at $2,582 and shows signs of bouncing (possibly confirmed by an increase in volume or a bullish candlestick pattern), it could be a good entry point for a long position. Breakout Entry: If the price breaks above $2,608 with significant volume, it could be an indication of a bullish reversal, making it a good point to enter long. Stop Loss: Place a stop loss just below the lower support level to limit losses in case of a downside breakout. Risk Management: Risk/Reward Ratio: Make sure the potential reward is greater than the risk taken. For example, if your stop loss is at $2,570, your profit target should be above $2,610 for a 1:2 risk/reward ratio.Longby JAG_TraderUpdated 7
GOLD ROUTE MAP UPDATEHey Everyone, Great start to our 1H chart idea playing out as analysed although price still remains within the first range. We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open. We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2666 EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2645 - DONE EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2606 - 2586 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFXby Goldviewfx88198
GOLD--> The downtrend is not over yet!Hi guys. Today, gold prices are trending lower with the current price hovering around $2,600. Accordingly, this decline is due to the Fed signaling a cautious policy easing path next year, still supporting higher US bond yields and supporting the USD to stand near a two-year high. Therefore, in the short term, it would not be surprising if Brian prioritizes a short strategy and targets at least $2,538.Shortby Trader-Briannnn4425
SHORT XAUUSDThe bears are still in control. We could see Gold falling to the 2558 area. Shortby iJesse1
Buy then Sell!Hello All- Market rebound from an LOZ and it needs a Br Node to Collapse. then market will go up through BR Node and then collapse (wink)by Alireza_KFUpdated 3
XAUUSDXAUUSD is in a correction phase at the resistance zone of 2621-2631. If the price cannot break through the 2631 level, it is expected that the price will drop. Consider selling in the red zone. 🔥Trading futures, forex, CFDs and stocks carries a risk of loss. Please consider carefully whether such trading is suitable for you. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Shortby Serana2324Updated 9910
Buy #GOLD 2597 - 2591💎 Buy #GOLD 2597 - 2591 💎 Stoploss 2576 Breakeven 2597.5 TakeProfit 1: 2599 TakeProfit 2: 2601 TakeProfit 3: 2603 TakeProfit 4: 2605 TakeProfit 5: 2607 TakeProfit 10: 2617 TakeProfit 20: 2637 TakeProfit 30: 2657 Trade at your own risk Protect your capital The Wizard 🧙♂️ Wednesday 12/18/2024 06:00 PM ESTLongby SmartWizardFXUpdated 2
GOLD SHORT AFTER RecalibrationAs the price action continues to move sideways, it approaches that trendline. If the price rejects the resistance, we can expect it to move lower than 2600. On the other hand, if it closes above the resistance, we can anticipate the price reaching around the 2720 levels. My goal is support zone around 2585 The gold market is still oscillating around the 2650 level as it awaits the upcoming NFP data. Yesterday, the market showed poor reaction to news, with the price breaking below the previous day’s low but then swiftly pulling back toward the 2650 resistance level. If the price falls from this resistance zone, we could see a move toward the previous week’s low. Given the significance of the NFP release today, the price could potentially move in either direction. However, if there is a rejection at the 2650 resistance level and the upward trendline, we might witness a substantial sell-off. It will be crucial to watch how the market reacts to the NFP data, as volatility is expected to increase. My goal is support zone around 2620Shortby Zaks_ForexRulesUpdated 114
Gold Bearish trend start The monthly candle is bearish as bias and has retested the premium zone. weekly is also bearish as looking at day bias which are bullish if they change direction we can look for sales. Shortby Ayaz-Ali3
GOLD (XAUUSD): Important Zone to WatchThe Federal Reserve's rate decision and FOMC meeting negatively impacted gold prices yesterday, leading to a bearish trend. Observing the 4-hour time frame, we can see how the pair responded to a downward trend line during the day. The market had been consolidating within a broad range for nearly a month. However, following the Fed's announcement yesterday, there was a significant downward movement that confirmed a break below the support level of this range. With the broken structure and a prominent downward trend line now defining the supply zone, we can expect further bearish movement, potentially reaching down to 2580.Shortby linofx14412
Assetartisan1. Change of Character (ChoCH): A bearish ChoCH is visible, signaling a shift in market structure from bullish to bearish, suggesting a potential downward continuation. 2. Key Levels: The price has retraced into a supply zone (highlighted in red), which aligns with the bearish sentiment. This area acts as a strong resistance. 3. Liquidity Grab: Before moving down, the price seems to have cleared liquidity by spiking into the supply zone. This would remove stop losses and trap buyers, allowing sellers to dominate. 4. Risk-Reward Setup: The entry appears to be near the supply zone with stop-loss protection above it. The target likely aligns with the next demand zone or weak low (indicated by the horizontal line around 2,586). 5. Momentum Confirmation: The bearish candles following the ChoCH confirm selling pressure. This reinforces the idea of a continuation to the downside. Summary: This trade aligns with a sell setup due to: A bearish ChoCH. Entry in a supply zone. Potential liquidity grab. Clear risk-reward with targets to the downside. Let me know if you'd like further clarification! by Tusharshelke4
xauusd , the plan for the next week Hello everyone, As shown in the attached chart... Gold is now trading at levels 2622 - 2626. After the major correction and the liquidation of the areas 2582-2590. The markets are expected to open with a bearish price gap to levels 2610-2603. If this scenario does not happen, a correction will occur to these areas and the rise will continue to areas that we will determine: Upside targets: 1- 2655-2665 2- 2680-2690 3- 2703-27010 Buying areas: 1- 2600-2607 2- 2582-2588 Selling areas: 1- 2655-2665 2- 2680-2690 3- 2703-2710 As always, we will provide you all with updates throughout the week and how to manage deals. MR. Hamza GoldcandleLongby goldcandle32
GOLD recovered quite strongly, falling after FOMCOn the Asian market today (Thursday, December 19), OANDA:XAUUSD Spot trading recovered strongly after a sharp decline in the previous trading day. Gold price reached its highest level at the time of writing at 2,618 USD/ounce, an increase of nearly 30 USD during the day. The market will next receive US economic data, including final third-quarter GDP and weekly unemployment claims. Market attention will then turn to Friday's release of the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which will boost the U.S.'s copper performance. US Dollar and gold in the short term. FOMC On Wednesday, the Federal Reserve cut interest rates as expected and predicted less policy easing in 2025. Federal Reserve Chairman Powell said the threshold for the next rate cut could be higher, which sent the US Dollar and US Treasury yields soaring, while at the same time, Gold fell more than 2% to a one-month low in trading on Wednesday. Federal Reserve officials cut interest rates for a third straight time on Wednesday, but lowered their forecast for the number of rate cuts next year, signaling they are increasingly cautious about being able to reduce spending. How quickly does the loan cost? The Federal Open Market Committee (FOMC) voted 11-1 on Wednesday to lower the federal funds rate to a range of 4.25%-4.5%. Cleveland Fed President Beth Hammack voted against, in favor of keeping interest rates unchanged. In the FOMC policy statement, Fed officials noted that economic activity continued to expand at a solid pace. Labor market conditions have generally eased since the beginning of this year, with the unemployment rate rising but remaining low. Inflation has made progress toward the committee's 2% target but remains high. The new Dotplot chart shows some officials expect fewer interest rate cuts next year than they estimated just a few months ago. Fed officials currently expect the benchmark interest rate to be between 3.75% - 4% by the end of 2025, which, according to the median estimate, would mean two rate cuts of 25 points each. basic. Jerome Powell The Fed will cut interest rates only twice next year amid rising inflation, according to Fed Chairman Jerome Powell, a forecast consistent with Trump's wait-and-see approach when he returned to the White House in January. Powell said Fed policymakers want to see more progress in reducing inflation when considering future rate-cutting strategies. US federal funds rate futures have reflected that the Federal Reserve will leave its benchmark overnight interest rate unchanged at its policy meeting on January 28-29 next year. Analysis of technical prospects for OANDA:XAUUSD Thus, gold has enough conditions to decrease in price after falling below the 0.618% Fibonacci level and bringing price activity back below the EMA21 moving average, with a sudden impact from fundamental factors. In the short term, although gold recovered from the 0.786% Fibonacci retracement level at $2,591, which was the bearish target noted by previous readers, it could still continue to decline further with a target around $2,538. . When the Relative Strength Index dropped below the 50 mark and was quite far from the oversold area, it showed that there is still plenty of room for price decline ahead. During the day, gold price increases as long as they do not surpass the 0.618% Fibonacci level and EMA21 should only be considered short-term recovery. Along with that, the downward trend in gold prices will be noticed again by the following technical levels. Support: 2,591 – 2,552 – 2,538USD Resistance: 2,624 – 2,634USD SELL XAUUSD PRICE 2635 - 2633⚡️ ↠↠ Stoploss 2639 →Take Profit 1 2628 ↨ →Take Profit 2 2623 BUY XAUUSD PRICE 2549 - 2551⚡️ ↠↠ Stoploss 2546 →Take Profit 1 2556 ↨ →Take Profit 2 2561by Xayah_tradingUpdated 113
2606 support and 2654 resistance2606 support and 2654 resistance possible because Russia and Ukraine war continues and escalate with new long-range weapon by salvanostUpdated 1