Commodities
GOLD (xauusd) → a short signalhello there!
as you can see gold broke the ascending channel once and it returned!
now in a short time frame, it is forming a Quasimodo pattern!
this pattern confirmed our short position suspect!
in a higher time frame, it formed an engulfed candle too!
the target of this position is the internal trendline!
let's see what will happen!
GOLD → Consolidation before a strong movement. But where to?FX:XAUUSD continues to consolidate and we have questionable preconditions that indicate both a possible fall (fundamental background) and growth (technical background).
Gold is holding back after Fed Chairman Powell's speech:
The US economy is in remarkably good shape.We are moving very quickly with rates.
"I am very pleased with where monetary policy is right now"
Unemployment is still very low and progress is being made in fighting inflation
The focus remains on the jobless claims data and NFP at this time
Technically, the focus is on consolidation in a locally rising channel format. A price exit from the channel in either direction may be accompanied by a strong impulse.
Resistance levels: 2655, 2660, 2688
Support levels: 2636, 2620, 2605
Two scenarios due to mixed and stalemate situation:
black: Powell commented on the situation as strong enough for the US market, accordingly, gold is forming a consolidation in a flag format, which is technically a pattern for a continuation of the fall.
blue: On D1 there are prerequisites for local growth. If the price breaks 2655, then 2660, the growth may continue to the zone of interest 2688.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GOLD DAILY CHART UPDATEHey Everyone,
Another ranging day on the charts today, which works perfectly with our strategy and plans to buy dips, as we are able to continue to use the weighted level to take the bounces.
Please see the daily chart update, to give you all an overall view of the range. We are playing between two weighted levels 2629 and 2686. 2629 is still providing support with no ema5 lock below.
This is allowing us to use our smaller timeframe analysis on the 1H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
gold currently at 2646 and the 1-hour trend showing bearishWith gold currently at **2646** and the **1-hour trend showing bearish momentum**, this aligns well with your sell entry at **2647** targeting **2622**. Here's OANDA:XAUUSD how the setup looks:
Current Position Analysis:
*Price**: 2646
-Trend**: 1-hour timeframe bearish (indicates downward pressure).
Strategy Insights:
1. **Entry Timing**:
- Since the price is hovering around your intended entry (2647), you could open the position soon, provided the bearish trend is confirmed by indicators such as moving averages, RSI, or MACD.
2. **Target**:
- Aim for 2622, which is 24 points below the current price, offering a potential profit depending on your lot size.
3. **Risk Management**:
- Set a **stop-loss** to guard against reversal. A level around **2655-2660** could be reasonable, depending on volatility and resistance zones.
4. **Confirming the Bearish Trend**:
- Look for additional confirmation like:
- **Candlestick patterns**: E.g., a bearish engulfing pattern.
- **Volume**: Decreasing on pullbacks and increasing on sell-offs.
- **Support levels**: Ensure 2622 aligns with a key support zone.
Would you like help analyzing charts or identifying technical levels?
The Anomaly Price Event May Hit Before December 31Just before the US Presidential Elections, I published a detailed research report suggesting the markets may move into a low-liquidity event that could be very dangerous for traders.
My Adaptive Dynamic Learning (AI) predictive modeling system highlighted a range of price volatility just after the election showing a very real downward price event. If this event takes place, we may see the SPY/QQQ fall more than 5.5% while other sectors may fall more than 10.5%.
What is interesting is the post-election rally pushed some SPDR sectors above the upper ADL predicted price range. This means price is now very overbought in terms of expected levels.
Any reversion could prompt a very solid downward price move and catch many traders by surprise.
I'm watching my Crash Index and the XLF & XLRE sectors for any signs of a breakdown.
I suggest all of you move to protect capital as we move into the end of 2024 and prepare for what may become a very violent and volatile Anomaly Price Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
XAUUSD:5/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2580
Four-hour resistance 2653, support below 2622
Gold operation suggestions:
The above pattern shows today's oscillation range pattern, and also estimates the rhythm of fluctuations. Today's short opportunities are 2657 and 2666. Only when 2666 is broken will the thinking be readjusted. 2632/33 is also very critical. Recently, it has stopped here for many times to rebound. It has been emphasized many times to arrange long orders near 2632. Today is the same. If there is a suitable low point below, continue to do more. The current idea is to short below 2657 and buy more above 2632!
Idea for Gold @2024/12/05FPMARKETS:XAUUSD
Key Observations:
Elliott Wave Count:
The chart is labeled with Elliott Wave counts, including primary (i, ii, iii, iv, v) and corrective waves (a, b, c).
It suggests that a five-wave impulse structure (upward trend) has been completed, followed by a corrective wave sequence (A-B-C).
Corrective Structure:
The ongoing correction seems to be forming a zigzag (A-B-C).
Wave (a) is downward, wave (b) retraces upwards, and wave (c) is expected to continue downward, possibly breaking support levels.
Channels:
The price action is within a parallel upward channel. This channel might represent the larger trend boundary, with corrective waves testing the lower channel boundary.
Moving Average:
A moving average (likely the 50-period) is plotted and appears to act as dynamic support/resistance. The price is currently below it, indicating bearish momentum.
Support and Resistance Levels:
Key support levels are marked at approximately $2,484, $2,363, and $2,320.
Resistance is visible at the wave (b) high near $2,680.
Projection:
The projection for wave (c) suggests a potential decline toward the lower boundary of the channel, aligning with the Fibonacci retracement levels or significant support zones.
Analysis:
Short-Term Bearish: The corrective wave (c) is likely to extend downward, aiming for support near $2,484–$2,363.
Mid-to-Long-Term Bullish: As this is a corrective phase within an upward trend, the longer-term perspective might favor resumption of the bullish trend after wave (c) completes.
Key Trading Considerations:
Watch for wave (c) completion near support levels for a potential reversal and long entry.
A break below the channel’s lower boundary could signal a deeper correction.
Monitor price action and volume near the 50-period moving average for shifts in momentum.
The bulls are not completely defeated, go long gold!Brothers, gold has fallen sharply to around 2635 in the short term, which seems to have broken the recent range of fluctuations. So are the bears really coming? Have the bulls completely failed in the struggle between the long and short sides?
Although gold seems to be falling rapidly in the short term, the bulls still have a certain degree of resistance and will not be completely defeated immediately. I have just reminded that it is difficult for gold to have a sustainable market before the NFP market. So the short-term decline of gold is probably a fake move to trap more short positions of short gold at low levels. So I think before gold falls below the 2630-2625 area, we must be particularly careful about the counterattack of bullish energy, and we cannot blindly chase short gold.
So in terms of trading, we can try to go long on gold in batches in the 2635-2625 area. Wish us good luck!Bros, will you follow me to do more gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Analysis ==>>Expanding Triangle Pattern!!!Gold ( OANDA:XAUUSD )is entering the Resistance zone($2,667-$2,653) .
From the point of view of Classical Technical Analysis , Gold seems to be moving in the Expanding Triangle Pattern during the last 3 days .
In terms of Elliott wave theory , Gold appears to be completing a Zigzag Correction(ABC) . ( Wave B(WXY) was complicated ).
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $2,642 , and if the Support lines(1,2) break, the Heavy Support zone($2,642-$2,620) can also break.
⚠️Note: You can enter a Short position by considering capital management after finding a trigger near the resistance lines or after breaking the Support zone($2,652-$2,648).⚠️
⚠️Note: However, the next few hours(6:45 pm UTC) of Fed Chair Powell's Speech will greatly impact the Gold trend.⚠️
⚠️Note: If the Resistance lines(upper line of triangle) and the Resistance zone($2,667-$2,653) are broken, we should wait for the Gold pump.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD FURTHER SELL OFF?! (UPDATE)While everyone is getting very impatient with Gold's consolidation, I'm sitting here in peace. I told you all on the FIRST ANALYSIS that we have a 'Flat Correction' from the EW Theory strategy currently playing out. This means a 3 Sub-Wave (A,B,C) schematic playing out within a tight range.
Now waiting for a break below the current consolidation, so price can create Wave B around $2,580 & consolidate within a larger range.
Gold: A Beacon in Economic UncertaintyGold: A Beacon in Economic Uncertainty
Gold has long been a symbol of stability, value, and security. In today’s turbulent economic and political environment, its role as a safe-haven asset is more critical than ever. Global events, ranging from monetary policy shifts to geopolitical crises, are shaping the price of this precious metal. What does the future hold for gold, and what does it mean for investors?
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A Safe Haven in Chaotic Times
During periods of global uncertainty, when financial markets grapple with volatility, gold remains one of the most sought-after assets. Recent events, such as the government crisis in France, fiscal policy uncertainties in the United States, and OPEC+ decisions to extend oil production cuts, have highlighted its enduring appeal.
Gold is often viewed as a stabilizer amid market turmoil, especially when investors are concerned about rising inflation and economic slowdowns. In Europe, the European Central Bank’s plans for further interest rate cuts enhance the attractiveness of assets like gold, which serve as a hedge against currency devaluation.
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Macroeconomic Trends Supporting Gold Prices
1. Monetary Policy and Real Interest Rates
Both the U.S. Federal Reserve and the European Central Bank are adopting dovish stances, which bodes well for gold prices. In an environment of low real interest rates—where inflation outpaces bond yields—investors increasingly turn to gold as a protective asset.
2. Growing Demand for Gold
Central banks worldwide, particularly in China and India, are ramping up gold purchases, increasing global reserves. This reduced market supply acts as a catalyst for price growth.
3. Geopolitical Tensions
Political crises, such as budget impasses in the U.S. and uncertainty in the European Union stemming from France’s leadership challenges, drive investors toward safe-haven assets, lifting gold's value.
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Gold in the Digital Age
Modern technologies like blockchain are revolutionizing gold investment. Tokenization is making the gold market more accessible, blending the stability of traditional assets with the flexibility of digital solutions. Individual and institutional investors are increasingly leveraging these advancements, recognizing their potential to shape the future of the gold market.
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Forecast: Will Gold Hold Its Shine?
Experts predict that gold will remain in the spotlight in the coming years. Anticipated developments include:
- Further interest rate cuts in Europe and the United States.
- Rising geopolitical and political tensions, increasing demand for protective assets.
- Sustained high demand from central banks and financial institutions.
In the long term, gold appears to be an excellent hedge against inflation and market volatility.
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Conclusion
Gold, throughout history, has been synonymous with value and security. Amid today’s global economic and political challenges, its role is more crucial than ever. Investors should view gold not only as a means of capital preservation but also as a cornerstone of a well-diversified investment portfolio.
Is gold part of your financial strategy? In times of uncertainty, it may be precisely what you need for stability and peace of mind.
GOLD - Price can exit from pennant and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago price entered to falling channel, where soon broke $2720 level and then fell to support line.
After this, price rose to resistance line and then continued to fall, until it broke $2610 level and fell to $2536 points.
Then price turned around and started to grow in pennant, exiting from falling channel and soon breaking $2610 level.
Later Gold rose to resistance level, which coincided with resistance line of pennant, which bounced down.
Next, price was corrected to support level and some time traded near, and at the moment, XAU trades close support line.
In my mind, price can leave pennant and then bounce up to $2720 resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
HelenP. I Gold will exit from pennant and rise to $2705 levelHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price declined firstly to the 2705 resistance level, which coincided with the resistance zone and soon broke this level. After this, XAU tried to back up, but when it entered to resistance zone, the price continued to decline and later fell to the 2620 support level, which coincided with the support zone. Gold broke this level too, made a retest, and dropped to the trend line. Then the price started to grow inside the pennant, where it in a short time rose to the 2620 support level and broke it again. Next, the price made a retest and continued to grow until to resistance zone. When Gold reached this area, the price made a fake breakout of the resistance level and then dropped back to the support level. After this, the price some time traded near this level and later tried to grow, but soon fell to the trend line. At the moment price continues to trades near this line inside the pennant. That's why I expect that XAUUSD will start to grow to a resistance level, thereby exiting from the pennant pattern. For this case, my goal is the 2705 level. If you like my analytics you may support me with your like/comment ❤️
SPY/QQQ Plan Your Trade For 12-05 : Flat-Down PatternToday's Flat-Down pattern may continue the rolling top pattern in my Crash Index - suggesting the markets are consolidating after the post-Election rally phase.
I continue to warn traders this low liquidity market phase will likely prompt some very big volatility in price action between the election and, roughly, January 5-10. Stay cautious.
I believe the markets are starting to revert a bit downward and I believe this is a very healthy move for the markets - especially after the post-election rally phase.
We need the markets to resolve back into a moderation phase before attempting to make another bigger move to the upside. So, watching the markets potential roll over and fall about 3~5% would not surprise me.
Gold and Silver are moving into a fairly strong rally phase. This could be coupled with a moderate US Dollar decline.
Bitcoin rallied above $103k over the past 24 hour - WOW. Buckle up - the Bitcoin crew will be out in force with their memes and other comments.
Remember, play these market moves safely. If you can afford to take the lumps, don't trade too much capital with each trade.
Going to be a very interesting holiday as I believe liquidity will continue to erode and present even more volatility.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Oil slammed into triangle support on headlines!Intraday Update: Crude oil slides to triangle support on output headlines. The risk is a break of the 68.00 level will target the key 66.50 level.
SILVER: Will Keep Falling! Here is Why:
The recent price action on the SILVER pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
❤️ Please, support our work with like & comment! ❤️
XAU/USD : Bullish or Bearish? Let's See! (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we observed that gold continued its upward movement as expected yesterday, reaching the $2652 level before facing a correction. Currently, gold is trading around the $2640 level.
- Bullish Scenario: If the price stabilizes above $2640, we can anticipate further growth with $2660 as the first target.
- Bearish Scenario: If it fails to hold above this level, a move toward $2623 is very likely.
This analysis will be updated as the situation develops!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Natural Gas Prices Rebound from 2.5-Month LowNatural Gas Prices Rebound from 2.5-Month Low
On 19 November, we analysed the natural gas price chart, noting:
→ the formation of an upward channel (marked in blue);
→ a potential bullish attempt to break the key $3.200 level, which had acted as resistance (highlighted with arrows).
As seen on the XNG/USD chart, the price did rise above $3.200 but failed to hold. After fluctuating in the upper half of the channel, it dropped below $3.200 to the channel's lower boundary, driven by:
→ a bearish report from the Energy Information Administration, showing US gas inventories above the five-year average;
→ a report from financial firm LSEG noting increased average gas production across 48 US states.
This decline pushed natural gas prices to a 2.5-month low around the $2.935 level.
What Could Happen Next?
From a technical perspective on the XNG/USD chart:
→ support from the channel's lower boundary (reinforced by the psychological $3.000 mark) is already evident in an emerging price reversal (indicated by an arrow);
→ on the other hand, the $3.200 level may resume acting as resistance.
It’s likely that natural gas prices will fluctuate between $3.000 and $3.200, with weather forecasts playing a decisive role in shaping consumption expectations for the winter season.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold "trembling" waiting for US employment dataGold (XAU/USD) continued to fluctuate in a narrow range on Thursday morning, supported by geopolitical risks such as the Russia-Ukraine conflict, trade war concerns and political instability in France and South Korea. A weak US dollar also contributed to keeping gold prices high.
However, expectations of the Fed maintaining a tight monetary policy, along with a slight increase in US bond yields, are limiting gold's upside. Comments from Fed Chairman Jerome Powell kept investors cautious, waiting for the US Non-Farm Payrolls (NFP) report on Friday.
Personal opinion:
This week’s break below the multi-day ascending channel signals bearish momentum, but neutral oscillators on the daily/4-hour charts suggest waiting for a break below the $2,630 support before positioning for further losses. A subsequent decline could drag prices toward $2,622-$2,621 and potentially to $2,600.
On the upside, $2,655 remains the immediate hurdle, followed by $2,666. A sustained move above $2,678 could pave the way toward the $2,700 mark, but strong resistance around $2,721-$2,722 might cap gains. A decisive break beyond this level could shift the trend in favor of buyers and trigger meaningful upside momentum.
Pay attention to price range:
BUY ZONE: 2640 - 2638
SL: 2633
BUY ZONE: 2634 - 2632
SL: 2627
SELL ZONE: 2655 - 2657
SL: 2662
GOLDLook for a potential BTC sympathy rally before some asset allocation as investors move funds into BTC.
Analysis and SignalsGold daily chart formed a bottoming out and rebounded to close higher, the structure stood above the MA10 daily moving average of 2647, but the moving average was still flat, and the RSI indicator mid-axis position was adjusted. The short-term four-hour chart is still adjusting within the Bollinger Band channel, the upper track is 2657/60, the lower track is 2638/35, the Asian session price 2648 is above the middle track 43, and the RSI indicator is above the mid-axis. Let's look at the strength of the decline first!
Gold is still oscillating now. When the NFP data is released on Friday, gold may break through the oscillation range, and then wait for the trend to be clear before continuing to follow up. Now it is still oscillating in a large range, and the rebound high will continue to be short.
Gold continued to oscillate in 1 hour. Gold rebounded and was blocked many times. Moreover, the positive news of gold ADP and risk aversion did not prompt gold to continue to rise, so it was still difficult to rise. Gold was under pressure at the 2657 line in the US session, and it continued to be short at highs below 2657 in the Asian session.
First support: 2638, second support: 2625, third support: 2610
First resistance: 2656, second resistance: 2666, third resistance: 2678
Trading strategy:
First look at the range of 2638near~2656near, and then trade in line with the trend after the breakthrough
World gold prices increasedSpeaking in an interview with the press hosted by the New York Times yesterday, Chairman of the US Federal Reserve (FED) - Jerome Powell - said the US economy is now stronger than when the FED started cutting interest rates in September.
According to Mr. Powell, the positive news is that the FED can be more careful in setting neutral interest rates - interest rates that do not promote or inhibit growth. However, the FED Chairman did not directly mention the FED's policy direction at the meeting from December 17 to 18. However, some analysts believe that the FED's interest rate reduction process may slow down.
Gold prices often react sensitively to changes in the FED's interest rate policy. When interest rates fall, the opportunity cost of holding gold - a non-interest-bearing asset - also decreases, increasing the appeal of gold as an investment channel. Conversely, if the Fed slows down in reducing interest rates or keeps interest rates at a higher level than expected, this could reduce demand for gold, leading to downward pressure on prices.
🔥 OANDA:XAUUSD BUY 2643 - 2645🔥
💵 TP1: 2655
💵 TP2: 2665
💵 TP3: OPEN
🚫 SL: 2637
