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GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 14 and 14.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet between 14 and 15 - gap fill is at 14.66 Also, if we look at price range of first wedge pattern drop, it was about 22% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 22% from point C to D of ABCD pattern. Price is below SMA 20, 50 and 200 Buy around 14.50
NYSE:GOLD
by I_M_Shoaib
Is Gold About to Make a Big Move?Here’s What to Watch: If Gold Breaks Above $2,721: We could see it climb to $2,900 or even $3,000! If Gold Drops Below $2,600: It might fall to $2,500 or even $2,400 before finding support and bouncing back. The Upside: If gold pushes past $2,721 and holds strong, it could mean big gains ahead. Keep an eye out for a run toward $3,000, but watch for pullbacks near that level. The Downside: A drop below $2,600 could mean trouble in the short term, with possible dips to $2,500 and $2,400. These levels might give gold a chance to settle before making its next move higher. Wellness Tip: Trading can be stressful, so don’t forget to take a break! A quick 5-minute breathing exercise can work wonders—breathe in for 4 seconds, hold for 4 seconds, and exhale for 4 seconds. This helps clear your mind and keep you focused. Kris/ Mindbloome Exchange Trade What You See
TVC:GOLD
by Mindbloome-Trading
AUDJPY - Growing SHORTS! Big Move Ahead!In one of our last AUDJPY analysis, we indicated that price looked foppish. Since then, we've had almost a 2000pip drop! That big drop can be marked as wave 1 in our new bearish impulsive trend. We are now in Wave 2, which is an ABC correction. We have completed Wave A (3 waves). We are now in Wave B (3 waves). We're currently in subwave b of wave B. Expecting subwave c to appear very soon. Trade Idea: - Watch for bearish price action on lower timeframe - You can use trendline break, fibs or BOS to find the reversal point - When entered, put stops above subwave B. - Target: 91 (750pips) 4Week Chart Goodluck and as always, trade safe! See our previous setups below:
by WicktatorFX
XAU Gold 30MinIchimoku Cloud The red cloud indicates a prevailing bearish trend in the past. Flat areas of the cloud highlight potential future resistance zones. Key Support and Resistance Levels Key Support (Orange Line): Around 2,649.77 Important Resistances (Yellow and Green Lines): First Resistance: 2,655.39 Second Resistance: 2,667.41 Risk and Reward Area The red area below the chart represents the Stop Loss zone (loss area). The green area above indicates the Take Profit zone (profit area). A trade has been executed with a balanced risk-to-reward ratio. Relative Strength Index (RSI) Current RSI value: 47.58 RSI below 50 indicates relative market weakness in the current state. Green Arrows The green arrow at the bottom of the chart suggests a potential bullish reversal from the key support level. Analysis Conclusion: The recent downtrend has tested the support level at 2,649.77. If the price stabilizes at this level and breaks through the first resistance at 2,655.39, there is a possibility of growth towards the next resistance at 2,667.41. The RSI needs to cross above 50 to confirm buyer strength. Otherwise, breaking the support level may lead to further decline.
CAPITALCOM:GOLDLong
by protahlil
XAU Gold 4H TradeFriends, the first trade on gold begins. I’m taking a long position on gold with a 4-hour timeframe, which I believe will show results in the next three to four days. There will be daily updates added to the analysis based on 30-minute intervals, so it’s a good idea to follow me to also see trades on lower timeframes. For this trade, I’ve hypothetically invested $500 with 20x leverage. You can adjust these amounts based on your own strategies and techniques. The main goal is to identify trends in gold across various timeframes and share insights. If you have any thoughts or suggestions, I’d be happy to hear them in the comments. Thank you!
CAPITALCOM:GOLDLong
by protahlil
GOLD ROUTE MAP UPDATEHey Everyone, Great start to our 1H chart idea playing out as analysed although price still remains within the first range. We started with our bearish target at 2645 hit with no cross and lock below confirming the rejection for the push up for our Bullish target at 2666, which fell short and still remains open. We will continue to see price play between both these weighted levels until we see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next 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. 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 2666 EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET 2682 EMA5 CROSS AND LOCK ABOVE 2682 WILL OPEN THE FOLLOWING BULLISH TARGET 2697 EMA5 CROSS AND LOCK ABOVE 2697 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2645 - DONE EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE FOLLOWING BEARISH TARGET 2628 EMA5 CROSS AND LOCK BELOW 2628 WILL OPEN THE SWING RANGE SWING RANGE 2606 - 2586 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
8
XAUUSD:16/12 Today's Market Analysis and StrategyTechnical analysis of gold Daily resistance 2725, support below 2627 Four-hour resistance 2673, support below 2650-27 Gold operation suggestions: Last Friday, the overall gold price was under pressure at the 2692 mark and ushered in a unilateral downward trend of short-seller suppression. The European session fell down and broke through the 2680 and 2670 marks and continued to fall to the bottom, and finally closed at almost the lowest point of the day at 2646. From the 4-hour analysis, today's upper short-term resistance continues to focus on the NY market high of 2673 last Friday. The intraday rebound relies on this position to continue to fall. Pay attention to the short-term support of 2645 below. The short-term long-short strength and weakness watershed focuses on 2627. At the same time, 2627 is the daily level long-short watershed. There is still a long opportunity before the daily level breaks through this position. Today, we will first look at the continuation of the decline. SELL: 2664near SELL: 2673near BUY: 2645near 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:GOLDShort
by ActuaryJ
SPY/QQQ Plan Your Trade For 12-16: Inside BreakawayThis video highlights what I believe will be a rotating topping pattern setting up in the SPY/QQQ over the next 3-4+ days. Traders should move away from risk headed into Christmas and the end of 2024. Gold and Silver will likely make a move higher over the next 5+ days - attempting to recover lost ground from last week's selling. Bitcoin rallied to key resistance and will likely move into a consolidated range (again). This is the time to pull capital away from risks and sit tight through the Inauguration. I believe we'll be seeing lots of day trading opportunities with volatility - but I also believe the markets are setup for a downward price swing headed into the Inauguration. Buckle up. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDShort
by BradMatheny
NEW IDEA FOR GOLD In the 4-hour chart of gold, it can be seen that the price of gold reacted positively at the support level of $2,644 and moved upwards by forming a price bottom. This support level has been well maintained so far, indicating the willingness of buyers to defend this level. If the support level of $2,644 is maintained and the pressure from buyers continues, the probability of the price rising to the important resistance level of $2,717 will be very high. This resistance has acted as an important price ceiling in the past, and its failure could pave the way for further upward movements. On the other hand, the existence of an upward trend line that started from the recent lows indicates the general market tendency for the price of gold to grow in the short term. Technical indicators such as the Ichimoku cloud also show that the price can strengthen its upward trend if it crosses the current resistance and enters the upper range of the green cloud. Therefore, the bullish scenario remains valid provided the support at $2,644 is maintained and the resistance at $2,717 is broken, and further growth in gold prices can be expected.
FX_IDC:XAUUSDLong
by arongroups
Cocoa vs BTC. Introducing Cocoa Futures Commodities TradingCommodity trading has been booming in recent months and years, as everything from industrial metals to oil, precious metals to soft commodities (coffee, cocoa) is getting hotter. Last week, coffee futures traded in New York ICEUS:KC1! reached 348 cents per pound of beans, a new historical high, and frozen orange juice concentrate futures ICEUS:OJ1! exceeded the $5 mark for 1 pound, reaching also a new all-time high. The macroeconomic situation, the continuing geopolitical uncertainty, as well as the overall market volatility caused by these large movements, create a lot of new opportunities. In addition, the food and environmental crisis sweeping across the planet (a special type of environmental situation when the habitat of one of the species or populations changes in such a way that it calls into question its further existence) is creating extreme bottlenecks in supply chains everywhere, which leads to shortages on the one hand, and a corresponding increase in prices and opportunities on the other. Both private investors and professional market participants can use Commodities Cocoa Futures to expand the possibilities of investment strategies - hedging risks and profiting from price fluctuations. For market participants involved in the production and processing of cocoa, futures contracts will allow them to better protect their income from undesirable changes in exchange prices for cocoa beans. In addition, for those market participants involved in the wholesale purchase of cocoa, futures contracts allow them to better protect their margins from undesirable price fluctuations in exchange prices for cocoa beans, which lead to an increase in purchasing costs. The underlying asset of the futures is the price of cocoa beans on foreign markets. The contracts reflect the dynamics of the price of cocoa beans supplied from countries in Africa, Asia, Central and South America to any of the five delivery ports in the United States. In fundamental terms, on November 29, 2024, the International Cocoa Association (ICCO) raised its estimate of the world cocoa deficit for 2023/24 to -478,000 tonnes from -462,000 tonnes forecast in May, the largest deficit in more than 60 years. ICCO also lowered its estimate of cocoa production for 2023/24 to 4.380 million tonnes from 4.461 million tonnes in May, a -13.1% decrease from the previous year. ICCO forecasts world cocoa stocks to be 27.0% in 2023/24, a 46-year low. Cocoa prices have risen sharply over the past months due to uncertainty about future cocoa supplies. Recent heavy rains in Ivory Coast have led to reports of high mortality of cocoa buds on trees due to heavy rainfall. Unfavorable weather conditions in West Africa are pushing cocoa prices sharply higher. Heavy rains in Ivory Coast have flooded fields, increased the risk of disease, and affected the quality of the crop. Newly harvested cocoa beans from Ivory Coast are showing lower quality, with quantities of about 105 beans per 100 grams. Ivory Coast regulators allow exporters to purchase quantities of 80 to 100 beans or slightly more per 100 grams. In other words, West Africa is now exporting at its maximum productive capacity, but the deficit in world reserves remains and is growing. The arrival of seasonal harmattan winds could also worsen the situation. Declining global cocoa stocks is also a bullish factor for prices. Cocoa stocks tracked by the Intercontinental Exchange (ICE) at three major US ports (Delaware River Port, Hampton Roads Port and New York Port) have been declining for the past year and a half and fell to a 20-year low of 1,430,974 bags on Friday, December 13, 2024 (down 15 percent over the past month). Another important factor for prices is the seasonal approach of the Christmas and New Year holidays, especially in the main cocoa consuming regions - the US and Europe. Cocoa prices on world markets are again returning above $ 10,000 per ton, while crypto fanatics in their manic persistence to get the last unmined bitcoin are ready to burn the planet Earth to hell and only deepen the food and environmental crisis striding across the planet. The main graph represents a comparison across BTC and Cocoa prices over past several months. So, what would you like to choose amid of recent rally in both assets - sweet cocoa or binary digits inside your computer? Or are you staying on the sidelines? Let’s talk about it! Send your thoughts and questions into comment box below to discuss about Cocoa Futures Commodities Trading!
CAPITALCOM:CCH2025Education
by Pandorra
6
Market Year Wrap 2024: Key Highlights and Outlook for 2025Market Year Wrap 2024: Key Highlights and Outlook for 2025 The year 2024 has been a transformative period in the global financial markets, characterised by a mix of challenges and opportunities. Inflation battles, monetary policy shifts, economic uncertainties, and surprising bouts of optimism dominated the landscape. These forces created a volatile yet dynamic environment where some markets flourished while others struggled under significant pressure. From central bank interventions to geopolitical developments and technological advancements, every corner of the financial world experienced notable activity. In this article, we will take a detailed look at the major trends and events shaping the global economy in 2024 and provide insights into what lies ahead in 2025. Inflation and Interest Rates: A Balancing Act In 2024, inflation showed signs of moderation globally. In the United States, it stabilised around 2.7%, marking a notable shift that bolstered market confidence and set a cautiously optimistic tone for the broader economy. Throughout the year, rate cuts dominated monetary policy discussions. Following the unprecedented rate hikes implemented in response to the COVID-19 pandemic, major central banks began scaling back rates. However, they had to walk a tightrope between a complex landscape of lower but still stubborn inflation and resilient labour markets and the necessity for monetary easing. The magnitude and pace of these cuts varied significantly, reflecting differences in economic conditions across regions and creating complex relationships in the forex market. Analysts widely anticipate that policymakers will adopt a more measured approach to easing monetary policy as 2025 unfolds. Most developed market central banks, excluding Japan, are expected to reduce interest rates to neutral levels by the year's end. However, if economic conditions deteriorate more than anticipated, there is potential for central banks to push rates below neutral to support growth. The Fed, in particular, faces a delicate balancing act, as it must carefully navigate potential policy developments—such as trade tariffs—that may not ultimately materialise. At the same time, any resurgence in inflationary pressures could prompt a shift toward a more restrictive rate trajectory in 2025 and beyond, further complicating the policy landscape. Forex Market: A Year of Divergence Currency markets in 2024 were shaped by a combination of monetary policy shifts, economic recovery efforts, and political developments. The US dollar experienced a rollercoaster year, initially depreciating against major currencies as markets anticipated the Federal Reserve’s first rate cut since the COVID-19 pandemic. However, it rebounded toward the end of the year, influenced by post-election optimism and expectations of protectionist trade policies under the Trump administration. The British pound demonstrated resilience throughout 2024, supported by the Bank of England’s patient and measured approach to monetary policy. Despite potential rate cuts, the pound maintained its strength, reflecting confidence in the UK’s economic fundamentals. In contrast, the euro faced significant headwinds. The ECB’s aggressive easing measures widened interest rate differentials with the pound and the dollar, weakening the euro. By the end of the year, trade uncertainty stemming from potential US tariffs weighed heavily on the euro, given the Eurozone’s dependence on global trade. The Japanese yen experienced mixed fortunes, bolstered by the Bank of Japan’s decision to raise its benchmark interest rate to 0.25%, the highest level since 2008. This move provided much-needed support for the yen, although concerns about potential US trade policies created downside risks. Meanwhile, commodity-linked currencies such as the Australian and Canadian dollars saw fluctuations driven by interest rate differentials, global trade dynamics and their respective economies' ties to the United States and China. Analysts caution that President Trump’s tariff policies could intensify the overvaluation of the US dollar in 2025, potentially heightening the risk of global financial instability. The prospect of trade restrictions may add complexity to an already volatile economic landscape. Commodity Markets: Precious Metals Shine, Oil Struggles Commodity markets have seen a resurgence in investor interest. According to data from WisdomTree and Bloomberg, the proportion of investors allocating resources to commodities rose to 79% in 2024, compared to 71% in 2023—an expected rebound after a challenging year for commodities in 2023. Precious metals, particularly gold and silver, emerged as top performers. As of time of the writing on 11th December, gold prices surged by over 30%, while silver outpaced gold with a 35% gain. Several factors drove these impressive performances, including geopolitical tensions, economic uncertainties surrounding the US presidential election, and strong demand from emerging market central banks. According to analysts, these factors should continue supporting precious metals in 2025. Natural gas prices also experienced significant growth, rising 30% to 50% across major markets in Asia, Europe, and North America. Colder weather forecasts have fueled demand, particularly in Europe and Asia. Analysts suggest that this bullish sentiment in gas markets is likely to persist through the winter, with prices unlikely to see significant declines until well into 2025. However, high gas prices are expected to increase power costs globally, straining fragile economic growth in key regions such as China and Europe while rekindling inflationary concerns. Oil, however, faced a challenging year despite geopolitical crises and production cuts. One of the reasons is a weak demand, particularly from China. In the United States, gasoline inventories exceeded long-term seasonal levels. According to analysts, the growing transition to electric vehicles in developed markets represents a long-term challenge for oil demand. Although some analysts anticipate a recovery in 2025 as OPEC+ production cuts take effect and geopolitical risks persist. Stock Markets: Tech Leads the Charge The US stock market delivered robust performances in 2024, reaching new record highs, with the technology sector at the forefront. Innovations in artificial intelligence (AI) played a pivotal role in driving growth, with major companies such as Microsoft, Nvidia, and Amazon reporting strong earnings. This momentum boosted broader indices, with the S&P 500 and Nasdaq 100 recording gains of 28.57% and 27.4%, respectively, as of 10th December. The broader market also benefited from declining inflation, interest rate cuts, and better-than-expected corporate earnings. These factors may contribute to the stock market growth in 2025. However, stretched valuations temper some of the optimism, and concerns about potential trade tariffs add a layer of uncertainty. Looking Ahead to 2025: Key Market Drivers As we look ahead to 2025, several critical factors are poised to influence the direction of financial markets. Central Bank Policies Central banks will remain pivotal in shaping financial markets in 2025. The balance between maintaining growth and addressing inflationary pressures will be a key theme for central banks throughout the year, influencing the strength of equity markets. Interest rate differentials will play a significant role in determining currency movements. Global Economic Recovery The global economy is expected to continue rebounding from pandemic effects. GDP growth, employment trends, and trade balances will be key factors influencing financial markets. Trade War Uncertainty Potential trade tariffs pose a significant risk. The scope, products, and geographies targeted will determine the impact on global GDP, inflation, and interest rates. Any escalation in trade tensions could disrupt markets and strain economic recovery. Artificial Intelligence and Innovation AI and emerging technologies may drive productivity gains, offering an upside to global growth. By boosting efficiency and reducing costs, AI could also exert disinflationary pressure, influencing economic dynamics in the long term. Geopolitical Tensions Geopolitical risks, including trade disputes and political conflicts, remain unpredictable but could disrupt markets. Final Thoughts: Embracing Opportunities Amid Volatility The year 2024 brought its share of challenges and opportunities, showcasing the resilience and adaptability of global markets. From navigating geopolitical uncertainties and evolving monetary policies to embracing the transformative potential of technologies like artificial intelligence, market participants faced a dynamic landscape. Looking ahead to 2025, the horizon offers new opportunities. Continued advancements in innovation, shifts in economic policies, and the resolution of key global tensions could set the stage for exciting market fluctuations. Use the new year to test your skills and look for new opportunities! 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.
by FXOpen
2
GOLD → Correction before a possible fall FX:XAUUSD is moving into the correction phase amid last week's economic data. The price is returning to the channel and in general confirms the bearish character on the market. Markets are ready for a 0.25% interest rate cut, but traders are waiting for hints on the Fed's stance: whether the Fed will continue to cut rates, go into a wait-and-see mode, or hint at a rate hike based on last week's economic data. Traders are eagerly awaiting the Fed's decision, which will be announced on December 18. The gold price is also receiving support from renewed tensions in the Middle East and political turmoil in South Korea. Technically, after the false breakout of 2721 a deep correction is forging, which generally develops into a localized downtrend. The price is approaching the panic zone 2615-2600. At the Asian session a correction is forming and it is worth paying attention to the key resistance zones Resistance levels: 2667, 2675, 2685 Support levels: 2646, 2633 The price is heading towards the imbalance zone within the correction. A quick approach and retest of resistance could trigger a rebound. Traders may enter the phase of profit taking before strong news Regards R. Linda!
FX:XAUUSDShort
by RLinda
4
GOLD Is Going Up! Buy! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,658.744. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,675.908 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
2
XAUUSD still at the bottom of the 1 year Channel Up. Strong Buy.Gold (XAUUSD) has been trading within a 1-year Channel Up since the October 02 2023 weekly bottom. When it makes a technical Higher High and then pulls back, the pattern's Bearish Legs tend to be quite prolonged but at the same time always supported by the 1D MA100 (red trend-line). The current Bearish Leg bottomed on the 1D MA100 on the week of November 11 2024 and made a technical Higher Low. Based on the previous two Higher Lows, the price may continue to consolidate until the end of the year before it breaks out again upwards but with the current level being so close to the 1D MA100, it makes it already a technical buy opportunity. All previous Bullish Legs hit at least the 2.5 Fibonacci extension from the Higher High - Higher Low and the strongest rise has been +22.50%. As a result, we can target $3100 as the Channel's next Higher High, which would be a +22.50% rise from the November bottom but still below the 2.5 Fibonacci extension. ------------------------------------------------------------------------------- ** 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