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GOLD → False breakout and negative fundamental backgroundFX:XAUUSD 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 high Regards R. Linda!
FX:XAUUSDShort
by RLinda
1
GOLD / Consolidation and Breakout Levels Movement Gold Technical Analysis The price has dropped and stabilized within the bearish trend. Today, it is likely to attempt to reach 2665. A confirmed 4-hour candle close below this level could lead to a decline toward 2653. Alternatively, stability above 2665 may push the price toward 2678. Gold is expected to consolidate between 2665 and 2678 until a breakout occurs. A breakout above 2678 will signal a bullish trend toward 2692. A breakout below 2665 will indicate a bearish trend targeting 2653 and 2625. Above 2678 will be bullish to 2692, and Below 2665 will touch 2653 and 2625 Key Levels: Pivot Point: 2678 Resistance Levels: 2691, 2706, 2720 Support Levels: 2665, 2653, 2625 Trend Outlook: Bearish Volatile
OANDA:XAUUSDShort
by SroshMayi
Could the price bounce from here?The Gold (XAU/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance. Pivot: 2,657.81 1st Support: 2,627.26 1st Resistance: 2,713.51 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
2
XAUUSD: 12/12 Today's Market Analysis and StrategyGold technical analysis Daily resistance 2725, support below 2627 Four-hour resistance 2725, support below 2675-50 Gold operation suggestions: Yesterday, the technical side of gold was suppressed and fell unilaterally in the volatile trading. The price of Asian and European sessions rose slightly and pierced the 2726 mark, oscillating and falling. The second rebound in the European session was under pressure, and the 2720 line fell downward and showed a unilateral decline. It accelerated downward in the US session and broke through the 2700 integer mark to reach a weak closing near 2675. The overall gold price showed a suppression adjustment pattern above 2726 in the short term, but the daily level technical indicators did not completely turn empty. From the 4-hour analysis, we pay attention to the suppression of the opening drop 2725 line above, the short-term support of the 2675 line below, and the important support 2650 line below. In the short term, the gold price is expected to enter the long and short wide range of fluctuations. Sell high and sell low, and wait patiently for key points to enter the market. BUY:2650near BUY:2675near The strategy only provides trading directions. Please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
Gold: AnalysisHello Traders, We are around a volume POC and we might see some problem at going further. Scalpers could take short trades with LTF Confirmations, Intraday (week) Traders could take long trades after breaking the white line regarding the 2h chart. Longer-term traders could wait for break out of the zone confirmed by 4h chart. Remember that Trump presidency could affect the geopolitical analysis including giving an end to Russian illegal invasion of Ukraine that make capitals out of gold heading to Stocks, however it may have effects on Longer-term traders.
OANDA:XAUUSDLong
by AliSignals
XAUUSD - gold will be welcomed by the Federal Reserve!Gold is located between EMA200 and EMA50 in the 1H time frame and is trading in its descending channel. If we maintain the drawn channel, we can witness the continuation of gold's decline and limited visibility of the bottom of the channel. Within the demand zone, we can buy with a suitable risk reward. If it returns to the ceiling of the channel, it is possible to sell within the supply zone. 1. UBS Gold Forecast: UBS has projected that gold prices will reach $2,900. This prediction is based on factors such as the rising U.S. debt, strong demand from central banks, and declining interest rates. The institution also anticipates that U.S. inflation will decrease to 3% by the end of 2024, 2.6% by the end of 2025, and 2.5% throughout 2027. These figures are significantly higher than the Federal Reserve’s 2% target, suggesting that persistent inflation may pose a significant obstacle to the Fed’s efforts to control it. 2. U.S. CPI Report: The U.S. Consumer Price Index (CPI) report for November highlighted the persistence of inflationary pressures. However, the details of the report appeared somewhat reassuring. CIBC Bank predicts that the Federal Reserve will reduce interest rates by 0.25% in its December meeting, though subsequent rate cuts may be delayed due to the economy’s continued growth. 3. Ray Dalio on Gold: Ray Dalio, the founder of Bridgewater Associates, referred to Bitcoin as a hard asset and stated that he prefers Bitcoin and gold over debt-based assets. He expressed concerns about a potential global debt crisis and emphasized the importance of shifting investments toward hard assets. Dalio pointed to unprecedented levels of debt in major countries such as the U.S. and China, deeming these debt levels unsustainable.Speaking at a financial conference in Abu Dhabi, he remarked, “It is impossible for these countries to avoid a debt crisis in the coming years, which will likely lead to a significant depreciation of their currencies.” 4. Dalio’s Evolving Stance on Bitcoin: Previously, Dalio believed that cryptocurrencies like Bitcoin would not achieve the success many had hoped for. However, in recent years, he has become a prominent advocate of Bitcoin. In 2022, Dalio suggested allocating up to 2% of an investment portfolio to Bitcoin and gold as a reasonable strategy to combat inflation. He also reiterated his preference for gold over Bitcoin while emphasizing the importance of portfolio diversification. 5. Peter Schiff’s Warning on Bitcoin: Peter Schiff, a prominent gold advocate, has warned that creating a strategic Bitcoin reserve in the U.S. could have negative consequences. On December 9, Schiff posted on the social media platform X, suggesting that the Biden administration should sell all Bitcoin currently held by the U.S. government before leaving office. He stated, “This move would not only help reduce the 2024 budget deficit but also put an end to all the nonsense about establishing a ‘strategic reserve’ of Bitcoin, which is detrimental.”
FOREXCOM:XAUUSDShort
by Ali_PSND
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week. Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news. PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics. Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form. Resistance levels: 2721 Support levels: 2700, 2682 The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news Regards R. Linda!
FX:XAUUSDShort
by RLinda
11
Gold can hit 2750 before continuing it's bearish reversal trend?Gold prices climbed further, driven by escalating Middle East geopolitical tensions and a Wall Street selloff boosting safe-haven demand. China likely acquired over five tonnes of gold in Nov, according to the PBoC report. Upcoming central bank decisions in Canada, the EU, Switzerland, and the Fed are expected to heighten gold price volatility as investors await key economic signals. XAUUSD firmly broke above its sideways range, with higher swings and diverging bullish EMAs indicating its bullish momentum. If XAUUSD surpasses the previous high at 2720, the price could rise toward its resistance at 2750 before a potential bearish reversal. Conversely, if XAUUSD retraces, the price may dip to 2680 before continuing its uptrend. 1M liquidity found on 2720 and 1M+ liquidity found on 2750 so move is confirm
TVC:GOLDLong
by GoldPipsPredictor
GOLD corrects, possibility remains optimistic as FOMC is comingOANDA:XAUUSD eased the correction significantly, which was partly due to the market taking profits after gold prices hit a five-week high and rushing to close positions ahead of next week's Federal Reserve meeting. In addition, higher US bond interest rates also affect gold prices. OANDA:XAUUSD fell sharply on Thursday and was limited this trading day (Friday), as of press time, as traders booked profits following the release of US PPI data. PPI data exceeded expectations, suggesting the fight against inflation may be stalling. In addition, the 10-year US Treasury bond interest rate increased slightly by 1.5 basis points to 4.289%, which also put pressure on gold. The US producer price index (PPI) rose higher than expected in November due to soaring food costs. The U.S. Department of Labor reported on Thursday that the U.S. PPI rose 3% year-on-year and 0.4% month-on-month in November. Previous market expectations were 2% .6% and 0.2%. Although Wednesday's US Consumer Price Index (CPI) was in line with expectations, it still rose at a seven-month high. However, gold is expected to hold onto gains this week as optimism grows that the Federal Reserve could cut interest rates by 25 basis points next week. Traders' attention is turning to the prospect that the Federal Reserve may pause policy easing as early as 2025. Lower borrowing costs typically benefit gold because gold itself does not create out yield. According to a report released by the World Gold Council (WGC) on Thursday, gold's gains are expected to slow in 2025 as concerns about growth and inflation during Donald Trump's presidency have can affect the ability to increase the price of gold. Gold prices have risen more than 30% year-to-date and are on track for their biggest annual gain since 1979. The rapid rise has been fueled by the Federal Reserve's easing policy, demand safe-haven demand and continued buying activity by global central banks. Analysis of technical prospects for OANDA:XAUUSD On the daily chart, gold has corrected but overall it still has all the conditions for a technical upside with price activity outside the channel and above the EMA21 level. Currently, gold's uptrend is temporarily limited by resistance at $2,693, the 0.382% Fibonacci retracement price point, more than the 0.236% Fibonacci level noticed by previous readers. On the other hand, the Relative Strength Index also maintains activity above the 50 level, which should be considered a positive signal for the bullish outlook in the near future. As long as gold remains above the EMA21 and outside the price channel, in the short term it is still likely to increase with notable points listed below. Support: 2,676 – 2,663 – 2,644USD Resistance: 2,693 – 2,700 – 2,730USD SELL XAUUSD PRICE 2706 - 2704⚡️ ↠↠ Stoploss 2710 →Take Profit 1 2699 ↨ →Take Profit 2 2694 BUY XAUUSD PRICE 2659 - 2661⚡️ ↠↠ Stoploss 2655 →Take Profit 1 2666 ↨ →Take Profit 2 2671
OANDA:XAUUSD
by Xayah_trading
World gold prices decrease when the USD increasesWorld gold prices fell more than 1% on Thursday as investors rushed to take profits after prices hit a 5-week high. "Gold still has an upward trend. However, last night's decline may have occurred because investors sold to take profits ahead of next week's meeting of the US Federal Reserve (FED)" - Zain Vawda - analyst market analysis at MarketPulse commented. This expert believes that the market is shifting its focus to next year's interest rate plan from the FED. This will determine the sustainability of the current uptrend. According to the CME FedWatch interest rate tracking tool, investors currently forecast a 98% probability of the FED cutting interest rates in December. In its "2025 Outlook" report released on Thursday, the World Gold Council (WGC) said the gold market will face two distinct scenarios next year as uncertainty dominates investor sentiment. . However, their base case predicts gold prices will move relatively neutrally if current market conditions continue. “The market consensus is that macroeconomic variables such as GDP, yields and inflation, if viewed in simple terms, suggest that gold will have positive but modest growth in 2025. 🔥 XAUUSD SELL 2698 - 2700🔥 💵 TP1: 2680 💵 TP2: 2670 💵 TP3: OPEN 🚫 SL: 2710
OANDA:XAUUSDShort
by FalCol_TradingMaster
We are bearish and sell below the resistance of 2710Gold fell sharply on the daily line, breaking the bullish structure that had been rising strongly from 2613 to 2726 in this round. The daily line retracement tested the MA5 daily moving average. The upper track of the Bollinger Band suppressed the 2713 line, the middle track was at the 2654 line, and the RSI indicator was running above the central axis. The short-term chart fell below 2700 in four hours, and a structure of accelerated decline appeared. The RS1 indicator returned to the central axis. The intraday trading ideas for gold are short-term bullish and long-term bearish! Gold fell from a high level in the US market and is now under pressure at 2713. Gold can be sold directly near 2710. The 1-hour moving average of gold has begun to turn at a high level. After the downward divergence, the downward space of gold will be further opened, and it will continue to be sold under the pressure of 2710! First support: 2675, second support: 2670, third support: 2660 First resistance: 2692, second resistance: 2700, third resistance: 2713 Trading strategy: BUY: 2680-2678 SELL: 2710-2712
TVC:GOLDShort
by Jun-GoldAnalyst
1
GOLD PRICE TREND ANALYSIS FOR TODAY, DECEMBER 13, 2024SPDR Gold Trust sold 24.88 tons of gold on December 12, which is the reason for the sharp decline in gold prices last night, suddenly dropping back into the previously broken downtrend structure around the 2675-2676 region. Key Resistance Levels: 2700 - 2710 - 2732 Key Support Levels: 2666 - 2675 XAUUSD OANDA:XAUUSD Trading Strategy Around Price Zones: SELL XAUUSD around the 2700-2701 region Stoploss: 2706 Take Profit 1: 2695 Take Profit 2: 2690 Take Profit 3: 2675 “If there is a breakout above the 2728 level during the day, we look to sell around the 2749-2750 region in a long-term channel.” BUY XAUUSD around the 2675 region Stoploss: 2670 Take Profit 1: 2680 Take Profit 2: 2685 Take Profit 3: 2690 Note: Always set a stop loss in all cases to stay safe! @Henrybillion wishes you a successful trading day.
OANDA:XAUUSD
by Henrybillion
XAUUSD First Golden Cross (4h) in 5 months. Strong Buy.Gold is trading inside an 8 month Channel Up and just crossed above the Falling Resistance of the previous High. It is about to form a Golden Cross on the (4h) timeframe and the last such formation dates back to July 7th. That was a heavy bullish signal that peaked on the 1.236 Fibonacci extension. Trading Plan: 1. Buy on the current market price. Targets: 1. 2850 (the 1.236 Fibonacci extension). Tips: 1. The MACD (1d) is also printing a similar Bullish Cross to July's. This is an additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
FX_IDC:XAUUSDLong
by TradingBrokersView
Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2,665.32 Why we like it: There is a pullback support level that is slightly above the 61.89% Fibonacci retracement. Stop loss: 2,620.34 Why we like it: There is a pullback support level. Take profit: 2,716.62 Why we like it:| There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDLong
by VantageMarkets
1
Falling towards 61.8% Fibonacci support?XAG/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 30.68 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 29.82 Why we like it: There is a pullback support level. Take profit: 32.02 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDLong
by VantageMarkets
Bullish bounce off overlap support?COPPER is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 4.1153 Why we like it: There is an overlap support level which lines up with the 61.8% Fibonacci retracement. Stop loss: 4.0489 Why we like it: There is a pullback support level. Take profit: 4.2430 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:COPPERLong
by VantageMarkets