XAU/USD (GOLD) → Short-Term Analysis of Gold Spothello guys.
Channel Breakdown: Gold has broken below its short-term ascending channel, signaling potential bearish momentum.
Key Support Zone: The next critical support is marked near $2,628-$2,630 (highlighted zone), which previously acted as a consolidation area.
Bearish Retest: The price may first retest the channel breakdown area around $2,690 before continuing downward. This aligns with typical market behavior in a bearish trend.
Continuation Potential: If the price fails to hold the $2,628-$2,630 support, further declines could target lower levels around $2,600 or below.
Commodities
1HR Time frame (GOLD) Analysis I'm not really liking how gold looks this morning. There seems to be a significant imbalance, so I’m definitely considering that it will be filled. I plan to look for long positions into the imbalance before considering short positions out of it. However, right now, the 5-minute chart appears quite messy.
I need to wait for a clear trend to develop on the lower time frames during the London session.
Natural Gas - Bullish Momentum Re-rating?The last few weeks have been huge for Natural Gas NYMEX:NG1!
...But why are Natural Gas futures up over 20%?
Here are some potential reasons:
Colder than Forecasted Winter coming for the US
Trump Administration favorable of Natural Gas as future energy source
Purchase Spree by Funds with existing net short Positions
Although the Natural Gas market in its entirety is complex, these reasons do present as potential catalysts to an appreciating price environment.
But is there potential for further upside going forward?
Looking at the chart, we can see a recent breakout attempt above the $3.2 region - This has resulted in an official re-rating of momentum to 'Bullish', as signified by the blue symbol (IMO).
Our Price Guide:
Upside continuation potential if price can hold above $3.400
Significant bearish continuation risk potential if price retreats back below the $3.076 mark
We're inspired to bring you the latest developments across worldwide markets, helping you look in the right place, at the right time - We will continue to monitor the Natural Gas market in the event there are any rapid changes.
Thank you for reading! Stay tuned for further updates, and we look forward to being of service along your trading & investing journey...
Please note all information contained within this post is strictly for informational purposes only and is not intended to be investment advice. DYOR & Consult your licensed financial advisors before acting on any information contained within this post.
Love & Wisdom,
The ceasefire between Israel and Hezbollah is the main pressureOn the Asian market on Tuesday (November 26), OANDA:XAUUSD Spot trading is still under pressure after yesterday's terrible plunge. Gold price is currently around 2,629 USD/ounce.
Hopes for a ceasefire between Israel and Hezbollah are turning the gold price outlook bearish, with gold prices set to test $2,600 an ounce.
On Monday, gold prices fell more than 3% on reports that Israel and Hezbollah were close to reaching a ceasefire agreement and that Trump nominated Bessant as US Treasury Secretary, reducing its appeal as a haven. Safe for gold.
Two senior Israeli officials and two US officials told Axios that Israel and Lebanon are close to reaching a ceasefire agreement to end the conflict between Israel and Hezbollah, US-based Axios reported on Monday.
According to the Israeli ambassador to the US, a ceasefire agreement between Israel and Hezbollah is very close. Authorities are expected to announce a 60-day ceasefire today (Tuesday).
Previously, gold prices increased more than 6% last week, due to escalating Russia-Ukraine tensions.
Britain's Reuters also reported today that US President Joe Biden and French President Emmanuel Macron are expected to soon announce a ceasefire between Hezbollah and Israel.
According to Reuters, the French presidential palace announced that discussions on a ceasefire had made significant progress.
In Jerusalem, a senior Israeli official said the Israeli cabinet would meet today (Tuesday) local time to approve a ceasefire agreement with Hezbollah.
Analysis of technical prospects for OANDA:XAUUSD
After yesterday's terrible price drop, gold is trying to recover from its original price point of 2,600 USD.
However, the recovery also encountered a lower limit from the 0.618% Fibonacci retracement level, followed by horizontal resistance at 2,644USD.
Technically, gold has conditions for a downtrend, with the price channel as the main trend, pressure from EMA21 along with the RSI pointing down, bringing activity below the 50 level.
In the short term, if gold fails to hold above $2,600, a new bearish cycle could be opened with a target level of around $2,538 once $2,600 is broken below. However, currently gold still has the ability to recover with a resistance target of around 2,634 USD in the short term, more than 2,644 USD.
During the day, the technical outlook leans to the downside with the following recovery levels.
Support: 2,606 – 2,600USD
Resistance: 2,634 – 2,644USD
SELL XAUUSD PRICE 2661 - 2659⚡️
↠↠ Stoploss 2665
→Take Profit 1 2654
↨
→Take Profit 2 2649
BUY XAUUSD PRICE 2579 - 2581⚡️
↠↠ Stoploss 2575
→Take Profit 1 2586
↨
→Take Profit 2 2591
GOLD Is Very Bullish! Buy!
Take a look at our analysis for GOLD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,625.735.
The above observations make me that the market will inevitably achieve 2,672.574 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
Gold: Shocking drop of nearly 100 USD/ounceThe world gold price today is listed on Kitco at $2,625/ounce, down $90/ounce compared to early this morning.
Gold prices fell sharply as investors took profits after a five-session rally to a three-week high last week.
Gold was also negatively affected after Donald Trump chose billionaire investor Scott Bessent as the US Treasury Secretary in the new administration. According to analysts, Scott Bessent will not be tough in the trade confrontation with China, causing political risks to cool down, which will be detrimental to gold prices.
USOIL H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 68.79, an overlap support.
Our take profit will be at 70.62, a pullback resistance.
The stop loss will be placed at 68.02, which is a pullback support.
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XAUUSD H1 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 2657.12, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 2612.06, an overlap support level close to 61.8% Fibo retracement
The stop loss will be at 2722, a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SILVER BULLS ARE STRONG HERE|LONG
Hello, Friends!
Bullish trend on SILVER, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 31.455.
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XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
After a bullish move and the break of the ascending trendline, gold has entered a corrective phase. Currently, the price is below a key resistance level, which coincides with the 78.6% Fibonacci retracement level. This area acts as a strong resistance and could hinder further upward movement.
It is expected that the price will react to this resistance level and enter a downward movement.
If the mentioned resistance is decisively broken, the bearish scenario will lose its validity, and the likelihood of continued upward movement will increase.
Don’t forget to like and share your thoughts in the comments! ❤️
Custom Crash Index Indicates Global Markets Are PanickingI believe the global markets are panicking related to Trump's pending inauguration and the fact that the US Fed may have to keep interest rates elevated through a US austerity process.
If you understand what this means, you'll clearly see why the US Dollar is trading above 106 and why Gold/Silver have moved downward recently.
The process of the US moving into smaller government with potentially $1.?T in excess capital means the US would move into a dynamic BEAST of a global economy. Able to pay down debt, restructure government agencies to become more efficient and lean, while pushing global economies closer and closer to having to clean up their own mess.
This is what I call the Predatory Fed.. and will likely prompt some very big price moves over the next 4-5+ years.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GOLD--> Local trend changing? Will it rise to new ATH?OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing...
Gold has not reacted significantly to the previous rally of the dollar, despite hawkish signals from the Fed.
The reason for the metal's rise lies in the escalation of tensions following the UK and US allowing Ukraine to use weapons to strike deep into Russian territory. Russia responded with stronger attacks afterward. Fundamentally, these actions make gold a safe haven choice for protecting assets.
This week, due to the Thanksgiving holidays in the US, trading volumes are expected to fluctuate sharply at the beginning of the week.
Technically, it is predicted that the precious metal could update its ATH this year. However, short-term levels ahead need to be monitored closely. Specifically:
Support levels: 2685, 2675, 2650
Resistance levels: 2711, 2733, 2750
Nonetheless, the upcoming resistance levels must be observed, as they are likely to trigger the next move for the metal. The adjustment toward the nearest liquidity zones is expected, but we are not talking about a reversal. The correction could end quickly, and the price is likely to return to an upward phase. The medium-term target is 2731-2750.
Gold falls sharply, is there a turnaround for bulls?Bros, today gold has fallen since around 2721, and currently has dropped to the lowest level around 2616, with a drop of more than $105. During the decline of gold, the bulls have no ability to resist. So, is there no hope for the bulls' energy?
In fact, gold bulls have not completely given up at present, and the bulls' energy is still organized and resistant in the 2610-2600 area. So the bulls still have the strength to fight back. If gold fails to fall below the 2610-2600 area in the first time, then gold may still rebound to around 2635-2640.
Therefore, after a sharp decline, near the short-term support area, we should not be too bearish on gold. On the contrary, if gold falls back to the 2610-2600 area and does not fall below, we can consider starting to go long on gold.
Bros, 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 plunges as Trump 'trumps' seasonalsLast week I revealed in a video of my scepticism gold would tracks its seasonality into December , given its outperformance earlier in the year and the hunch that Trump 2.0 would likely to overshadow typical flows. And Trump's US Treasury Secretary cabinet pick has done just that.
Monday's price action should serve as a stark reminder that seasonality has taken a back seat with its prominent bearish engulfing day and most bearish candle in four years. And there could be further losses ahead.
The daily chart shows the drop from its all-time high (ATH) came in three waves, which suggests it is the beginning of a larger ABC retracement. Assuming Monday's engulfing candle was the end of wave B, a 100% projection (wave equality) could see gold fall to ~2460.
note that the daily low found support around a high-volume node (HVN) and weekly S1 pivot point. A bullish divergence is also forming on the 1-hour RSI (2) to suggest a bounce.
Bears could seek to fade into retracement within Monday's range to try and increase the reward to risk ratio.
MS
Gold: Today's Pullback Eases MomentumGold: Today's Pullback Eases Momentum
Last week, gold continued its upward trajectory, closing at $2716 per ounce. Several key factors tied to geopolitics, the global economy, and structural demand have contributed to this positive momentum in the gold market.
However, today, gold experienced a sharp **3.3% correction**, driven by news of a potential resolution to the Israel-Hezbollah conflict. According to Axios, citing a US official, **Israel and Lebanon have agreed to the terms of an agreement to end the conflict**. This announcement eased geopolitical tensions, reducing demand for safe-haven assets like gold.
Geopolitics and Economic Uncertainty
Gold’s recent rally has been fueled by escalating conflicts, including the war in Ukraine, and broader global geopolitical tensions. However, today’s news of a possible resolution in the Middle East has temporarily weakened the case for gold as a safe-haven asset.
Additionally, gold continues to benefit from economic uncertainty in the eurozone and China, where fears of slowing growth remain significant.
Inflation Concerns and Monetary Policy
Rising fears of global inflation continue to support gold prices. Future President Donald Trump’s proposed tariffs on imported goods to the US could fuel cost increases and inflationary pressures, bolstering gold’s appeal as an inflation hedge.
Gold also benefits from ongoing interest rate cuts worldwide, which reduce the opportunity cost of holding non-yielding assets like gold. Meanwhile, central banks’ continued purchases of gold provide additional fundamental support.
Emerging Economies and Infrastructure Development
Economic growth in emerging markets, such as China and India, where gold has both cultural and investment significance, continues to drive demand. The development of infrastructure around gold trading—such as exchanges, wallets, and investment products—also makes gold increasingly accessible to investors.
Conclusion
Today’s pullback reflects the easing of geopolitical tensions, but gold’s long-term fundamentals remain robust. Factors such as global economic uncertainty, inflation concerns, and central bank policies continue to underpin demand for the precious metal.
Will gold resume its rally after today’s correction, or will geopolitical developments continue to dictate its price direction? Share your thoughts in the comments!
2024-11-25 - priceactiontds - daily update - goldGood Evening and I hope you are well.
tl;dr
gold - Neutral. In my weekly outlook I gave the pullback target 2650 and we got 2616. 2600 is the absolut lowest this should go or bulls are in trouble. Best would be to stay above 2620 and then I expect Tuesday or Wednesday another leg up. My target was 2866 but the pullback was much deeper than expected so my upper target is also coming down some. 2800 is still on the table. Will only think about getting bearish below 2540.
comment : Will make this quick today. Two paths I think are valid. First one is from my weekly outlook where today was the B from the ABC. C could lead to 2800+. Alternativ is continuation of this triangle for some time. What I don’t see happening is bears breaking below 2500 and continuing down. Bulls would do best to keep this above 2600 and reverse latest from there. Selling is certainly strong enough again to expect more of it.
current market cycle: trading range
key levels: 2550 - 2800
bull case: Bulls see this as a 50% retracement of the recent climactic buying from last week. If they allow it to retest 2580 or lower, odds rise that we will continue sideways instead of higher above 2730. 2630 is the worst place to trade, given the current structure. So look for longs only on very strong momentum and a second buy signal or near 2560 again.
Invalidation is below 2540.
bear case : Bears are printing much better bear bars than bulls do bull bars and on increased volume at that. They want a to retest 2540 and maybe 2500. If they can get it, I doubt many bulls would continue to expect 2800 or even higher prices. Interesting day tomorrow to see where we will go from here.
Invalidation is above 2720.
short term: Neutral. 50% retracement of recent bull leg is 2630, so don’t trade around that price.
medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon.
current swing trade: None
trade of the day: Selling anywhere was good.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed, allowing us to buy dips using our weighted levels to track the movement down and catch the buys up.
We started with our bearish target at 2703 hit, followed with ema5 cross and lock to open the retracement range.
- This was hit perfectly fand gave the reactional bounce into the highlighted area at 2684. Allowing us to buy dips inline with our plans.
The retracement range was again retested and now broken after no lock above 2684, which followed with a test now into the swing range. We will now patiently wait for a reaction on this range for the bounce or a lock bellow to open the range further down.
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
2728
EMA5 CROSS AND LOCK ABOVE 2728 WILL OPEN THE FOLLOWING BULLISH TARGET
2743
POTENTIALLY 2759
EMA5 CROSS AND LOCK ABOVE 2759 WILL OPEN THE FOLLOWING BULLISH TARGET
2772
POTENTIALLY 2787
BEARISH TARGETS
2703 - DONE
EMA5 CROSS AND LOCK BELOW 2703 WILL OPEN THE FOLLOWING BEARISH TARGET
2684 - DONE
EMA5 CROSS AND LOCK BELOW 2684 WILL OPEN THE FOLLOWING BEARISH TARGET
2657 - DONE
EMA5 CROSS AND LOCK BELOW 2657 WILL OPEN THE SWING RANGE
2638
SWING RANGE
2638 (DONE) - 2620
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