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GOLD ROUTE MAP UPDATEHey Everyone, Smashing start to the week with our chart idea playing out perfectly, as analysed. We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap. We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again. 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 2645 - DONE EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET 2661 - DONE EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET 2679 EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 BEARISH TARGETS 2626 EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET 2612 EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE SWING RANGE 2599 - 2584 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 GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
Investors predict the Fed will lower interest ratesAccording to a report by the World Gold Council (WGC), the People's Bank of China (PBOC) bought gold for reserves in November after a 6-month pause. China's gold reserves rose to 72.96 million ounces of pure gold at the end of November, up from 72.8 million ounces the previous month. In November, gold prices dropped sharply due to the sell-off after the US election results. WGC said that central banks' demand for gold continues to be positive. The main motivation for buying gold is to diversify foreign exchange reserves and reduce dependence on the USD. In the US, the market is looking towards an interest rate adjustment by the Federal Reserve (Fed). According to MT Newswires, strong labor market data reduces immediate pressure on the Fed to accelerate interest rate cuts. 🔥 XAUUSD SELL 2676 - 2678🔥 💵 TP1: 2650 💵 TP2: 2640 💵 TP3: OPEN 🚫 SL: 2686 🔥 XAUUSD BUY 2653 - 5651🔥 💵 TP1: 2665 💵 TP2: 2675 💵 TP3: OPEN 🚫 SL: 2646
OANDA:XAUUSDShort
by FalCol_TradingMaster
Last Leg XAUOverall uptrend still needs a leg to complete its wave. Considering higher lows of around -10%, the recent drop is the 4th point in our Elliot Wave analysis. Last leg is to form the head and shoulders, synonym of long term tops. I think the focus will be towards currencies, with countries focusing on Trumponomics, strengthening currencies for the dollar against tariffs. PBOC just reached an ATH in their gold hoarding. Dollar itself might feel some headwind, because of the recent rise in DXY, a cool down soon is expected with my lower yields analysis. This would go well with foreign currencies reaching up while some headwind causes the USD to lag. Let's see
EIGHTCAP:XAUUSDLong
by Osmanomics
Gold H1 (XAU/USD)The 1-hour XAU/USD chart reveals a potential corrective Elliott Wave (A-B-C) pattern following a completed (W-X-Y) structure. Expected Corrective ABC Pattern: Wave (A): The initial decline is anticipated to target the $2,605-$2,620 support zone. Wave (B): A minor retracement is expected to occur, likely staying below the $2,662 resistance level. Wave (C): The final wave may extend the decline towards the $2,560-$2,580 lower support zone. Key Levels to Watch: Resistance: $2,662 Support Zones: Middle support: $2,605-$2,620 Lower support: $2,560-$2,580 Keep an eye on the evolving market conditions and adjust your trading strategy accordingly. Good luck!
TVC:GOLDShort
by me22_
1
SPY/QQQ Plan Your Trade For 12-9: Nothing PatternI'm visiting family most of this week and will be disrupted from my normal schedule for another 3+ days. Please be aware I may not be as available for questions/comments as I usually am. Please watch how the markets are extremely overbought at this moment and will likely fall into a pullback mode. I don't expect this to be a big pullback - but big enough that you should consider locking in profits before the move plays out. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:GC1!Short
by BradMatheny
CRUDE OIL (WTI): Support & Resistance Analysis Here is my latest structure analysis and important supports and resistances on WTI Oil on a daily. Horizontal Structures Support 1: 65.2 - 66.9 area Resistance 1: 67.7 - 62.2 area Resistance 2: 69.9 - 70.5 area Resistance 3: 71.2 - 71.5 area Resistance 4: 72.2 - 72.9 area Vertical Structures Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
FX:USOILShort
by VasilyTrader
2
GOLD Is Very Bullish! Long! Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,655.297. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,683.685 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
1
World gold prices were under pressure last week from USDWorld gold prices were under pressure last week when the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,040 points (up 0.32%). Kitco News's latest survey shows that experts continue to be divided, while individual investors are optimistic about gold prices next week. “I expect gold prices to rise next week, as long as the $2,600/ounce level holds. Three central banks in the G10 group will cut interest rates and the market predicts two banks (the Bank of Canada and the Swiss National Bank) may cut interest rates by 25 basis points" - Marc Chandler - CEO Executive at Bannockburn Global Forex - said. "The downtrend line from the record high in late October will be near $2,680 an ounce on Monday and fall to around $2,660 an ounce by the end of next week," he added. 🔥 TVC:GOLD SELL 2657 - 2659🔥 💵 TP1: 2650 💵 TP2: 2640 💵 TP3: OPEN 🚫 SL: 2670
TVC:GOLDShort
by FalCol_TradingMaster
Gold prices fluctuate in a narrow rangeCurrently, gold prices are said to be "stuck" in a medium-term correction cycle, while the long-term price chart and macro fundamentals still support this safe-haven metal's price increase after the correction. Adjustment lasting 6 weeks ends. According to Kitco's latest survey, with 12 Wall Street analysts suggesting that price fluctuations are unlikely in the short term, only 17% of experts believe that the price of this precious metal will decrease, while the proportion forecast increases and decreases. equal at 42%. World gold prices have increased more than 27% this year, reaching a record high after the Fed loosened interest rates and geopolitical tensions escalated. According to the assessment of head of foreign exchange Christopher Vecchio at Tastylive, the long-term outlook for gold is still positive. If it overcomes the resistance level of 2,725 USD/ounce, gold prices could experience a fierce increase. 🔥 OANDA:XAUUSD BUY 2636 2634🔥 💵 TP1: 2645 💵 TP2: 2655 💵 TP3: OPEN 🚫 SL: 2628
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSDOver the past week, spot gold prices (XAU/USD) have shown little significant movement, continuing to trade sideways within the narrow range of 2613 to 2656. Market sentiment has weakened following U.S. President Donald Trump's threats to impose tariffs on certain countries. Despite the Nonfarm Payrolls report bolstering the U.S. dollar, investor sentiment remains cautious, with focus shifting to the Federal Reserve's potential interest rate cut on December 19. Interestingly, the dollar's upward momentum mirrors gold's movements, reflecting a unique dynamic in the current market environment. Technical Analysis On the H4 timeframe, gold prices remain trapped in a sideways channel. The EMA 34 and EMA 89 lines are moving in parallel and remain close together, indicating that the price is likely to continue ranging within this zone in the short term. This week, the release of the Consumer Price Index (CPI) report is a critical event that could act as a catalyst for breaking out of this sideways pattern. If the price breaks out, gold could either rally or fall further to key support levels at 2593-2595 and potentially deeper to 2540-2545. Key Levels to Watch BUY : 2610 - 2615 ; 2592 - 2594 SELL: 2660 - 2665 ; 2680 - 2685 Specific Trade Strategy XAU/USD SELL Zone: 2654 - 2656 Stop Loss (SL): 2659 Take Profit (TP): 2652 - 2649 Given the current sideways trend, it is advisable to wait patiently for prices to reach clearly defined support or resistance zones to maximize the risk-reward ratio. Additionally, closely monitoring this week’s CPI release will help refine strategies as the market reacts to new data. Wishing everyone a productive and successful trading day!
OANDA:XAUUSDShort
by Trader-Briannnn
1
XAUUSD: 9/12 Market Analysis and StrategyTechnical analysis of gold Daily resistance 2700, support below 2580 Four-hour resistance 2654, support below 2627 Gold operation suggestions: Gold's technical side last Friday was slightly higher under the influence of the positive NFP data, and it was under pressure from the 2643 mark, and then fell under the shock. It finally closed below the 2640 mark and showed weak shocks. Today's Asian session slightly jumped high and pierced the 2647 line, and then fell under the degree of suppression and shock. In the short term, the gold price suppressed the recent weak shock consolidation trend below the 2660 mark. From the current 4-hour line trend analysis, we focus on the 2654 line pressure above, and the 2637-2627 line short-term support below. In terms of operation, we will continue to participate in the trend. At present, the 2637-2627 weekly and daily level support below has been supported, and we can continue to be bullish. BUY:2637near BUY:2627near The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
TVC:GOLDLong
by ActuaryJ
XAUUSD consolidating awaiting the bullish break-out.Gold (XAUUSD) has been trading within a Channel Up pattern, with its most recent Higher Low being priced on the 1D MA100 (green trend-line). Since November 25, it has been stuck in range within the 1D MA100 and the 1D MA50 (blue trend-line). As pre the RSI, this is a consolidation before the bullish break-out that will confirm the new Bullish Leg. A similar RSI consolidation around its MA trend-line was last seen during Gold's last Higher Low formation (June 07 - 27). The break-outs Target was Resistance 1, so that is our Target again (2790). If however for any reason the price closes a 1D candle below the 1D MA100, we will be quick to take the small loss and on the counter go short, targeting the 1D MA200 (orange trend-line) at 2500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
1