Gold can go longsideGold is going for long side because of its took support at 2617.5 and now it can be touch 2650 its next resistance
XAUUSD trade ideas
Gold price analysis week 51Gold recovered from 2587 but is still in a downtrend only when trading above 2663 will confirm the uptrend again. 2556 becomes the most important support zone next week. Break out of this zone confirms the prolonged slide of Gold will continue. When trading above 2663, Gold will face important resistance at 2724. Pay attention to the support and resistance zones noted on the chart to have the best trading strategy next week.
XAUUSD LONG before the 25thXauusd shows us so many possibilities. So initially we are going to buy and then sell.
FRACTAL CONFIRMTION ENTRY USING SMART MONEY CONCEPTHere on this video i show you how you can use fractal confirmation entry to profit in the market so this strategy require about 3 timeframes so you need to confirm it more and get better result.
GOLD Bearish Breakout! Selll!
Hello,Traders!
GOLD is trading in a
Downtrend and the price
Made a bearish breakout
A retest and pullback
From the key level of 2620$
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
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Check out other forecasts below too!
Gold --> Bear Market Intensifies, Key Resistance LoomsHello, dear friends! This is Ben.
Gold prices rose after a false breakout at 2,650. Fundamentally, the situation remains complex, and technically...
The metal's price is being influenced by geopolitical tensions, weaker U.S. bond yields, and a softer USD, which supports the safe-haven appeal of XAU/USD. However, bets on a less dovish Fed warrant caution for bullish markets ahead of this week's FOMC meeting.
Theoretically, additional gold price gains could be limited by concerns about China's economy after its industrial production posted a modest rise in November, while retail sales disappointed. Widening gold discounts in India amid subdued wedding season demand due to higher prices may also act as a drag on the metal. China and India remain the largest gold consumers globally.
Looking ahead, U.S. PMI data also warrants attention for fresh insights into the Fed's rate trajectory next year, which could heavily influence gold prices—given gold's sensitivity to the USD.
From a technical perspective, gold is attempting to break out of a major range, testing critical support. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. If there is a false breakout around the 2,655 level, a minor correction toward resistance could form. However, with prices testing strong support, we may witness a false breakout followed by a corrective move to the 2,660–2,675 region (0.618 Fib retracement) before resuming the downtrend.
Rate, share your opinion and questions, let's discuss what's going on with.
GOLD (XAUUSD) 15M TF: Market outlookPotential SELL (loading)
Looking forward to see mini buyers reattempt from the current SNR failure to continue long creates a LOWER HIGH that will breakout short the SNR and make brand new lower lows.
Will see how the market unfolds!
XAUUSD For incoming weekXAUUSD is currently taking a breather after the sharp downward push caused by the FOMC.
Personally, I believe it will end up closing the candle that initiated the move after the FOMC, around 2636.80, where I’ve marked the respective order block, to absorb all the liquidity generated during its decline, before resuming its bearish trend.
Remember that nothing is certain in the financial markets, and this is just my personal analysis.
Keep in mind that the price could still rise further to take more liquidity (Everything is up in the air depending on what happens next).
Let me know your thoughts in the comments!!
GOLD → The FED Rate Decision Ahead: What Should You Do?Dear Traders,
Gold (XAUUSD) has made a notable move, successfully testing the strong support level at 2633 before traders shifted into buying mode. As a result, the price broke above 2643, sparking new optimism as upcoming discussions around potential rate cuts from the Federal Reserve (FED) take center stage.
Currently, there is a 93% probability that the FED will cut rates by 25 basis points. However, the overarching theme is the FED's stance for the future. Hawkish hints regarding 2025 could influence the rate-cutting trajectory, an aspect the market has only partially priced in.
This means any indication of a smaller rate cut could fuel strength for the U.S. dollar. Conversely, a deeper cut could act as a bullish catalyst for gold. The spotlight is firmly on FED Chair Jerome Powell's comments, as they will provide crucial insights into the economic outlook for 2024 amidst the backdrop of Trump-era policies that continue to play a pivotal role.
That said, downside risks for gold remain elevated, particularly if the FED maintains a hawkish stance in the current climate.
Technical Analysis: At the moment, gold prices are consolidating within the range of 2658 - 2633, with a breakout in either direction likely to bring about a strong momentum-driven move. The market is complex and highly volatile right now, which is why traders are advised to hold off on entering positions before the event. Waiting for volatility to subside can offer better clarity on market direction and safer opportunities.
Final Advice: Patience is key in such turbulent times. Avoid getting swayed by short-term noise and focus on acting only after a clear trend emerges following the major event.
Gold 1H Intra-Day Chart 18.12.2024Here is what I am looking for next;
Option 1: Gold keeps dropping in its bear trend. Our target is $2,580. You can see the zig zag move Gold is creating. We saw a break below + retest so should continue now.
XAUUSD Gold price recovers further from one-month low, climbs to $2,620 amid risk-off mood
Gold price attracts some haven flows in the wake of the post-FOMC sell-off in the equity markets. The Fed’s hawkish outlook lifts the US bond yields to a multi-month high and might the XAU/USD. Traders now look to the US Q3 GDP print for some impetus ahead of the US PCE data on FridayFrom a technical perspective, the overnight close below the 100-day Simple Moving Average (SMA), for the first time since October 2023, and the $2,600 mark was seen as a fresh trigger for bearish traders. Moreover, oscillators on the daily chart have just started gaining negative traction and suggest that the path of least resistance for the Gold price remains to the downside. Meanwhile, Thursday's attempted recovery stalls near the $2,618 region, or the 23.6% Fibonacci retracement level of the latest leg down from over a one-month high touched last week. The said area should now act as a pivotal point, above which a fresh bout of a short-covering could lift the XAU/USD towards the $2,635 area, or the 38.2% Fibo., en route to 50% retracement level, around the $2,655-2,656 supply zoneGold price (XAU/USD) builds on its goodish intraday recovery from a one-month low and climbs to a fresh daily high, around the $2,622 area during the early part of the European session on Thursday. The global risk sentiment took a turn for the worse in reaction to the Federal Reserve's (Fed) hawkish cut on Wednesday. This, along with geopolitical risks and trade war fears, turn out to be key factors driving haven flows towards the precious metal.
Meanwhile, the US Dollar (USD) is seen consolidating the previous day's post-FOMC gains to a two-year top and does little to provide any impetus to the Gold price. That said, the Fed's signal that it would slow the pace of interest rate cuts continues to lift the US Treasury bond yields and acts as a tailwind for the buck. This, in turn, might keep a lid on any further gains for the non-yielding yellow metal and warrants some caution for bullish traders
XAUUSD(GOLD) SELLXAUUSD(GOLD) 15 MIN CHART
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
XAUUSD Market Structure Analysis on 1 Hour Timeframe1H swing is bullish => Currently is pull back
M15 swing is bearish => Currently Price is Giving Bullish Reversal Signal
We can look for buying opportunities in this area
Gold Consolidates Between Key Levels Amid Bearish TrendGold Technical Analysis
The price recently reached the support level at 2585 and reversed. However, the bearish trend remains intact as long as gold trades below 2612.
Gold is currently consolidating between 2612 and 2585. A breakout in either direction will determine the next trend:
Stability above 2612, confirmed by a 4-hour candle close, suggests a move toward 2623.
Stability below 2585 indicates a drop toward 2558.
Key Levels:
Pivot Point: 2612
Resistance Levels: 2623, 2638, 2653
Support Levels: 2586, 2572, 2558
Trend Outlook:
Bearish Momentum: Likely below 2623 and 2612.
Bullish Momentum: Possible above 2623.
Previous idea:
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! 👊🏼
GOLD / Pivot Line Ahead FED Rate decision Gold Technical Analysis
The market will move under the key events of the FED Rate and GDP it will be a volatile week for gold.
The price dropped about 250 pip as we mentioned yesterday.
Now should break 2638 by closing 4h candle to be bearish till 2623, Otherwise stability above 2638 will try to touch 2653.
Key Levels:
Pivot Point: 2638
Resistance Levels: 2653, 2665, 2678
Support Levels: 2623, 2612, 2612
previous idea:
Gold: Examining Upcoming Targets and Supply Zones As anticipated in the previous analysis, gold experienced a decline. However, it appears another corrective wave, effectively wave C, may still be ahead. Before the next drop, a slight upward movement in gold prices is not unlikely, allowing sellers to re-enter the market.
On the 4-hour time frame, supply zones have been identified. Gold may rise to around $2,660, or alternatively, to $2,680 before resuming its decline. The $2,560 demand zone is the first key support and a potential bearish target for gold.
Analysis of gold trend next weekAnalysis of gold trend next week:
Based on the current news, data and technical aspects. The trading strategy for next week will be mainly short selling at high levels. First of all, the first pressure level 2638-42 will be the main reference pressure level. Gold can continue to be short when it reaches around 2638-42. The short-term pressure level 2632 will be our final As a defensive position, as long as gold does not break through the 2642 line and stands firm, gold will still maintain a short trend. The closer the price is to 2638-42, the more beneficial it is for us to be short! From the daily and hourly lines, the shorts are pressing step by step, and there is still room for shorts.
From the 4-hour analysis, the upper resistance focuses on the 2638-42 line, and the lower support focuses on the 2586-92 area. The intraday pullback relies on this position to continue shorting at high levels, and falls back along the short trend. The daily level is under pressure below this position and continues to maintain the high shorting rhythm unchanged. If you buy more against the trend, please be cautious about the buying point, enter the market with a light position, and strictly set a stop loss.
Gold operation strategy:
1. Short sell gold when it rebounds to 2638-2642, stop loss at 2651, target at 2588-2593;
2. Buy gold when it falls back to 2586-2593, stop loss at 2575, target at 2630-35;
Gold Price Analysis| BullishHi there,
The gold price is anticipated to drop for a pullback and rise to three potential levels, targeting a bias of 2745.736, in accordance with the W-Z pattern of ABC-D.
The (DX) is where most bullish pressure was active, which was almost at the retest of the dotted trendline break. If the bears break the dotted trendline, the setup will be invalidated.
Overall, gold is unstable, lacking clear volatility. A possible indication of clarity may come next month.
Happy Trading!
K.
GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here!
Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month.
The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025.
According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened.
Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation.
From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area.
Sincerely,
Bentradegold!
GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
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### Trading Idea for Gold (15-Minute Chart)### Trading Idea for Gold (15-Minute Chart)
Market Overview:
As we analyze the 15-minute chart for Gold, we are observing a potential bearish flag pattern forming. This technical setup can provide traders with opportunities for potential short positions, as it often indicates a continuation of the prevailing downtrend after a brief consolidation period.
Bearish Flag Pattern:
- Definition: The bearish flag pattern is characterized by a sharp price decline (the flagpole), followed by a period of consolidation (the flag), which slants upward or moves sideways. A breakdown from this pattern usually suggests that the prevailing downtrend is likely to continue.
- Setup: Currently, Gold appears to be forming this pattern, suggesting a potential move to the downside if the price breaks below the support level.
Breakdown Levels:
- Key Support Level: Traders should monitor the lower boundary of the bullish flag. A decisive break below this level will confirm the bearish flag scenario and trigger selling momentum.
- Targets:
- Target 1: $2,680 - This level serves as a significant area of support where traders may see buying activity if reached.
- Target 2: $2,660 - This target is close to the first target and indicates another potential support region where a bounce is possible.
Invalidation Level:
- Key Resistance Level: To validate the bearish scenario, a clear rise above $2,605 would invalidate the bearish flag setup. If Gold prices exceed this level, it may suggest the presence of bullish momentum, potentially leading to further upside.
Trading Plan:
1. Entry: If the price breaks below the lower boundary of the bearish flag pattern and shows increased selling volume, consider entering a short position.
2. Stop-Loss: Set a stop-loss order above $2,609 to limit risk in case the market moves against the anticipated bearish scenario.
3. Take Profit: Consider two take-profit targets:
- The first target at $2,680.
- The second target at $2,660.
4. Monitoring: Keep an eye on market news and overall sentiment, as external factors (such as economic reports or geopolitical events) can significantly affect Gold prices.
Technical Indicators to Watch:
- Volume: Look for increased volume accompanying the breakdown to confirm the validity of the bearish flag.
- RSI: Monitor the Relative Strength Index (RSI) for overbought signals, which could indicate that a reversal may occur if the bearish pattern plays out.
Conclusion:
If the anticipated bearish flag pattern plays out as expected, Gold could move towards the target levels of $2,680 and $2,660. However, vigilance is essential as a rise above $2,605 would invalidate this trading idea and potentially indicate a bullish trend. Always ensure to implement proper risk management strategies in your trading plan.
