GoldXAUUSD ( Gold / U.S Dollar )
Symmetrical Triangle as an Corrective Pattern in Short Time Frame
Break of Structure
Order Block
Completed " 12345 " Impulsive Waves
Change of Characteristics
XAUUSD trade ideas
### 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.
Rates Are Down, So Why Isn’t Gold Shining?Gold Prices Drop to 2581 Amid Market Turmoil: What's Driving the Decline?
Gold prices, as reflected in the XAU/USD pair, have slumped to 2581, marking a significant dip in the market. While many anticipated that falling interest rates would bolster gold, the reality has turned out to be more complex. Yesterday’s developments weighed heavily on the precious metal, and surprisingly, the negative impact isn’t directly tied to rate cuts. Instead, a mix of economic uncertainty and technical market dynamics has pushed gold into bearish territory.
The Core Reason Behind Gold’s Decline
The primary driver of this downward movement is the Federal Reserve’s cautious approach regarding future rate cuts. While the Fed followed market expectations by reducing the benchmark interest rate by 0.25%, bringing it to a range of 4.25% to 4.50%, its projections for next year surprised many. The central bank’s forecast of just two rate cuts in 2024 falls significantly short of market expectations, signaling a more hawkish stance than anticipated.
This hawkishness has rippled through global markets. The U.S. dollar, buoyed by the Fed’s cautious tone, has strengthened, creating headwinds for commodities like gold that are priced in dollars. A stronger dollar makes gold more expensive for international buyers, diminishing its appeal as a safe-haven asset. Meanwhile, broader market indices have also faced selling pressure, reflecting heightened concerns about the economic outlook.
Technical Factors Amplify the Bearish Sentiment
From a technical perspective, gold’s price action underscores the bearish sentiment dominating the market. The XAU/USD pair has decisively broken below a critical support level, exiting a global ascending channel that had been intact for weeks. This breakout has confirmed the downward momentum, with gold setting a new low at 2581.
Key support and resistance levels now define the boundaries of potential price movements:
Resistance Levels: 2620, 2630, 2636
Support Levels: 2616, 2612, 2603
After breaking below the support, the price has moved into an imbalance zone, signaling a possible retest of the previously broken channel boundary. This retest could serve as a pivotal moment for market participants. If the price fails to reclaim the resistance zones at 2620 or 2630 and consolidates below these levels, it could pave the way for further declines.
False breakouts, where the price briefly breaches a resistance level before reversing, are another factor to watch closely. A failed attempt to break key resistances like 2620 or 2630 could reinforce the bearish trend and lead to further downward pressure on gold.
Macroeconomic Data in Focus
Today’s trading session brings additional catalysts that could shape gold’s trajectory. Market attention is firmly fixed on the release of U.S. GDP data and initial jobless claims. These indicators will provide fresh insights into the health of the U.S. economy and could either reinforce or challenge the Fed’s cautious stance.
A stronger-than-expected GDP reading or lower-than-expected jobless claims could further support the dollar, adding to gold’s woes. Conversely, weaker economic data might rekindle hopes for more aggressive rate cuts, potentially offering some relief to gold prices.
Broader Implications for Gold Investors
The recent price action in gold highlights the complex interplay between macroeconomic fundamentals, central bank policies, and technical market dynamics. While gold has traditionally been viewed as a safe haven, its performance is not immune to shifts in interest rate expectations and currency fluctuations.
For investors, the key question is whether gold’s current bearish trend represents a short-term correction or the beginning of a more sustained decline. Much will depend on how the Federal Reserve’s policy unfolds in the coming months and how global economic conditions evolve.
In the short term, traders should monitor key technical levels closely. A decisive break above resistance at 2636 could signal a reversal of the bearish trend, while a sustained move below support at 2603 would likely confirm further downside potential. Until then, gold remains under pressure, navigating a challenging and uncertain landscape.
XAUUSD TECHNICAL ANALYSIS (READ CAPTION)hello traders! what do you think about gold today. comment your opinion.
current price: 2620
after being hit by news event gold is trying to stabilize itself. currently all candles have indicated a strong bullish trend. market after rejecting 2603 is going more and more high. according to my personal analysis market's next target will be 2645 and after breaking this area market's next target will be 2670 which is our demand zone.
key points:
supporting areas: 2015, 2604
demand zone: 2645, 2670
resistance: 2635, 2652
Note:
First Target: 2645
Second Target: 2670
Stop Loss: 2694
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3rd Week of December 20241st week of december - Accumulation
2nd week of december - Manipulation
What to expect on 3rd December ?
- Distribution downtrend.
-Targeting 2613
XAUUSD M15 I Bearish Momentum?Based on the M15 chart analysis, we can see that the price is rising toward our sell entry at 2645, which is a pullback resistance.
Our take profit will be at 2636.49, a swing low support level.
The stop loss will be at 2648.90, a pullback resistance level.
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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.
Back Up The TruckSome believe gold has finished it's bull run, old hat from the late 70's folks say they have seen this before and calling a crash.
The Oct/Nov highs were ripe for a correction only, a wave four sideways triangle.
This building structure has perhaps only a matter of days before breaking out, buy at today's support or wait for the upper breakout for confirmation.
The coming wave five breakout will be strong, could coincide with geopolitical events.
Upside in precious metals has much much further to go, the current stage is only folks getting interested...the coming chaos by design will usher in a stampede. There is insufficient PM's right now for delivery should holders request their holdings.
Your opportunity to purchase PM's now, will prove prudent and wise.
Appreciate a thumbs up, good trading and God Bless you all!
Bearish drop?The Gold (XAU/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 2,665.31
1st Support: 2,628.12
1st Resistance: 2,690.20
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Disclaimer:
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Gold: only a short correction?The price of gold slipped a bit during the previous week, to adjust for the rise of the US Dollar. The highest-lowest trading range was between levels of $2.725 down to $2.650 where the price is closing the week. Still, analysts see this drop in price as only a temporary move, considering the FOMC meeting scheduled for December 18th, where the Fed is expected to cut interest rates by another 25 bps.
The RSI dropped to the level of 48, but is still not clearly indicating that the market is ready for a move toward the oversold market side. The MA50 continues to slow down its divergence from MA200, but the convergence has not started yet. This postpones the potential for a cross in the coming period.
All markets are currently set for a Fed's decision during the week ahead. This might imply some increased volatility during the week. As per current charts there are two possible scenarios for the price of gold for the week ahead. In one case, if the current level of $2.650 is broken toward the downside, then the price will continue its down trend, at least till the $2,6K support line. On the opposite side, if current level sustains, then the price will revert toward the upside, till the $2,7K resistance level.
Gold Trading Plan!Gold has recently broken its ascending trendline and is currently trading below the resistance zone. It is expected that after a pullback to the broken level, the price will resume its downward movement, targeting at least the specified support level.
If the price confirms the pullback and reacts at the resistance level, short positions can be considered. The initial target for this decline is the identified support zone on the chart.
GOLD - Price can correct and then continue to grow in channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price bounced from $2710 resistance level and in a short time declined to $2536 points, breaking $2615 level.
Price started to grow inside a rising channel, where it soon broke $2615 level one more time and rose to resistance area.
But then, price corrected to support level, after which some time traded near it and then continued to grow.
In a short time, Gold rose to resistance level and then entered to resistance area, but later bounced down.
Thereby price makes a fake breakout of $2710 level, so, now I think that XAU can decline a little more.
After this, price can turn around and then rise to $2760, breaking resistance level inside a rising channel.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XASUUSD(Gold) Signal update Hello guys here XAUUSD(Gold) signal look at the chart and share your ideas about it .
Here you can see Gold is Bearish from current area lets follow it.
Here Resistance zone is 2614 and support zone is 2693 and Target point is 2575 .
For further information you can view my chart ,must share your ideas about it ,support me with your likes and comments boost my post
FED RATE CUT BY 0.25 BPS / GOLD MOVEMENTTRADINGVIEW: Plan day 19 December , 2024
⭐️Personal comments "Pips & Profit":
The FED cut 0.25 points as expected, however the statements about future plans are very negative for the market, along with the end of the year transactions will be liquidated by investors causing continued selling pressure.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2633 - $2635 SL $2640
TP1: $2625
TP2: $2610
TP3: $2600
🔥BUY GOLD zone: $2585 - $2583 SL $2578
TP1: $2595
TP2: $2607
TP3: $2624
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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
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Lovely! We picked that high well on gold with price attempting it, giving the tap and bounce and giving a nice short to end the day back down into the bias level 2680. We now have support here on the 4H which if held, should give traders and opportunity to get a long into the resistance levels of 2685, 2690-5 which is now a key level.
Quick one today, we'll be back again tomorrow to close of the week.
As always, trade safe.
KOG
ChatGPT Trade Analysis for Gold Spot (XAUUSD)Trade Analysis for Gold Spot (XAUUSD)
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This chart integrates Ichimoku Cloud and MACD indicators alongside previously defined target, entry, and stop-loss levels.
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Observations and Analysis
1. Ichimoku Cloud Analysis:
Price Position: The price is currently around 2,655, and it is inside or slightly above the Ichimoku cloud.
If price stays above the cloud, it signals a bullish continuation.
If price falls below the cloud, bearish momentum may dominate.
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2. MACD Indicator:
MACD lines are oscillating near the 0 level, indicating indecision in the market.
A potential crossover upwards would confirm bullish momentum for upward movement toward the 2,789 target.
Watch for any bearish crossover as it may indicate price weakness.
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3. Support and Resistance:
Target Resistance: 2,789.185 (Green Line) remains the target.
Key Support Levels:
First support at 2,437.858 (Black Line, Fibonacci 0.382).
Major support zones between 2,271–2,220 (Stop-Loss levels in Red).
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4. Price Action Analysis:
The previous upward trend has shown a slight pullback, but the bullish structure remains intact as long as price holds above key supports.
Black Entry Zones around 2,520–2,600 are still valid for positioning, but caution is needed if price enters the Ichimoku cloud or loses momentum.
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Entry Points:
Enter positions near 2,520 and 2,600 if bullish signs appear (e.g., MACD crossover or Ichimoku breakout).
Stop-Loss:
Place stops below 2,271 or at 2,220.
Target:
2,789 remains the profit target (Green Line).
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Key Notes
If price breaks below the Ichimoku cloud, it could invalidate the bullish setup and signal a deeper correction.
A bullish MACD crossover will reinforce this setup and indicate upward momentum.
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Conclusion
The analysis remains consistent with the prior setup. The Ichimoku cloud adds confirmation for trend direction, and MACD is critical for identifying momentum. Monitor price behavior near entry zones and Ichimoku levels for a high-probability trade.
GOLD is setting up for a Bullish PlayBeen waiting on gold to set up and find stability. Now I'm looking for it to take out low and make a low for the week before we get a strong move. We have to wait for the killzones to know what we will do or how it will play out.
FED INTEREST RATE CUT / GOLD UPDATETRADINGVIEW: Plan XAU / USD : 18 December , 2024
⭐️Personal comments "Pips & Profit":
The market will pick up and recover when the FED lowers interest rates later today. But it won't have too much of an impact because most investors won't be too surprised.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2664 - $2662 SL $2667 scalping
TP1: $2658
TP2: $2652
TP3: $2645
🔥SELL GOLD zone: $2694 - $2696 SL $2702
TP1: $2685
TP2: $2670
TP3: $2660
🔥BUY GOLD zone: $2607 - $2605 SL $2600
TP1: $2618
TP2: $2630
TP3: $2645
Let's support "Pips & Profit" by LIKE AND COMMENT TRADINGVIEW. Thank you very much everyone. 🌸🌸🌸
GOLD NEXT MOVE (bulls still in power) (12-12-2024)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (05-12-2024)
Current price- 2701
"if Price stays above 2680, then next target is 2711 and 2730 and below that 2670 ".
immediate support- 2701-2703
-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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XAU/USD Strategy: Selling Rallies Amid Bearish StructureIn my analysis of XAU/USD yesterday, I highlighted that after the 800-pip drop, a rebound was likely. However, given the weekly Pin Bar and the bearish daily structure, I emphasized that any upward move should be viewed as a correction and an opportunity to sell.
Indeed, the market did see a rebound, but it was weak and short-lived. After reaching the 2665 zone, the price reversed to the downside and ended the day with minimal change.
Currently, the price sits at 2652, with the recent lows now acting as confluent support, reinforced by the rising trendline from the recent bottom. A decisive break below this support zone would shift focus to the next key level at 2610-2615.
My strategy remains unchanged: I continue to look for selling opportunities on rallies.
