GOLD – Potential Bullish ContinuationGOLD has recently broken above a key resistance level, signaling sustained bullish momentum within the broader ascending channel structure. This breakout aligns with the ongoing upward trend, reflecting the market's current bullish sentiment.
If the price revisits the $2,678.17 level for a retest and displays strong bullish confirmation—such as a rejection pattern, bullish engulfing candles, or consistent buying pressure—it would strengthen the case for further upside potential. Should this scenario unfold, the next target for buyers is the $2,691.72, a level that has previously attracted significant selling interest.
This setup reflects the broader bullish structure, offering potential opportunities for continuation trades. However, a failure to hold the retest level or a breakdown of the ascending trendline could challenge this outlook.
Traders are encouraged to monitor price action closely at the retest zone for clear signs of bullish momentum before committing to long positions.
Gold
SPY/QQQ Plan Your Trade For 1-15 : Inside BreakawayToday is going to be a very interesting day.
Mortgage data came in very strong, while CPI data came in moderately weaker. That is setting up a very strong GAP RALLY phase in the markets.
Shorts are going to get SQUEEZED HARD this morning, and I suspect we may see a carry-through rally lasting most of the day.
Be cautious of a pullback after the big GAP opening (higher) this morning.
Gold and Silver are attempting to move higher - which is perfect if the US Dollar weakens moderately. Overall, Gold and Silver are attempting to hedge risk factors into 2025.
Bitcoin will likely run into resistance just below $100k and attempt to fall downward again.
This is a very exciting week because it appears the markets are shaking off the debt/credit/yields concerns and moving back to normal.
Remember, where else will investors place their capital for Growth and Returns - other than the US? As I see it, the US markets are still the 900lb Gorilla in the global markets simply because of the ability of the US economy to rebound and recover much quicker than other foreign economies.
Get some.
BIG SHORT SQUEEZE this morning.
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GOLD - Price can reach resistance level and then start to fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few days ago price declined in falling channel, where it at once broke $2715 level and fell to support line of channel.
Then price moved up to resistance line of channel and then continued to decline to $2536 points.
Gold broke $2605 level but soon it made an upward impulse, exiting from a channel and breaking $2605 level again.
Also, price started to trades inside flat, where it twice reached resistance level and then dropped to support line.
After this, Gold exited from flat and started to grow near support line, and later it bounced from this line.
Now, I think that XAU can reach resistance level and then start to decline to $2625 support line.
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HelenP. I Gold will touch trend line and then start to declineHi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price reached the resistance level, which coincided with the resistance zone, broke it, and rose to the trend line. Then Gold started to decline inside the wedge and soon broke the 2690 level, after which dropped until to the support level and even lower the support zone to 2584 points (support line of wedge) and then turned around. Some time, the price trades below the support level and tries to break it, but it does this on the third try. Then Gold rose a little and made a correction to the support level, after which rebounded and started to grow to the resistance level. When XAU reached this level, it broke it and touched the trend line, after which made a correction movement, breaking the resistance level one more time. Then it turned around and rose to the resistance level one more time and touched the trend line again, after which started to decline. In my mind, XAUUSD will reach the trend line one more time and then continue to decline in the wedge. For this case, I set my goal at 2660 points. If you like my analytics you may support me with your like/comment ❤️
Gold is rising!If we look closely at the gold chart, we have broken a good pattern up and we have an untouched point as a target. We expect to move towards the specified target after a short correction. Of course, next week the correction may be much smaller than expected! Selling deals are a bit more risky at the moment
Technical analysis of gold trend
Price review and key levels
As can be seen from the chart, gold has recently fluctuated between $2,684 and $2,691. The current price is at the upper edge of the rising channel, showing certain upward potential. Fibonacci retracement levels provide important support and resistance levels:
Fibonacci 0.236 ($2,678): The current price is close to this resistance level, and breaking through this position may open up further room for growth.
Fibonacci 0.382 ($2,666): In the recent adjustment, this level has provided short-term support.
Fibonacci 0.618 ($2,646): Shows strong support and is an important support point for the current upward channel.
Technical pattern analysis
1. Rising wedge: The red trend line shows that the price of gold is fluctuating along the rising wedge, and the rising wedge usually indicates that the trend will continue.
2. Double top signs: A double top pattern appeared at the recent high, but the neckline was not broken, indicating that the bulls still have a certain degree of dominance.
3. Potential pullback: If the upper edge fails to break through in the short term, the support level of $2,675 (lower edge of the channel) may be tested again.
Upward target
Short-term target: If the price successfully breaks through the previous high of $2,697, the next target will be $2,705 or even higher.
Long-term target: The channel extension trend shows that if the bulls are strong, the price has the potential to test the psychological barrier of $2,730.
Risk factors and operation suggestions
1. Risk: If it falls below the lower edge of the channel (near $2,660), it may trigger more selling pressure, and the key support below is $2,640.
2. Trading suggestions:
Long: It is recommended to wait for the price to break through $2,697 and then chase long with a light position, with a target of $2,705-2,720.
Short: If it falls below $2,660, you can short with a light position, with a target of $2,646.
Gold is currently in an upward trend, and in the short term, pay attention to the breakthrough of the $2,697 resistance level. The operation is mainly based on trends, and flexible responses are taken in combination with key support and resistance levels.
Gold Technical Outlook: CPI Data to Define Trend DirectionGold Technical Analysis
The price has reached the resistance level at 2689 and is attempting to test 2678 ahead of or during the release of CPI data. Based on current expectations, gold is likely to remain in a bearish trend.
If the CPI exceeds 2.9%, the bearish momentum is expected to intensify, with the price targeting 2665.
Conversely, if the CPI comes in below 2.8%, bullish momentum could quickly drive the price up to 2706.
Key Levels
Pivot Point: 2689
Resistance Levels: 2706, 2720, 2727
Support Levels: 2665, 2653, 2636
Trend Outlook
Bullish Trend: Above 2706
Bearish Trend: Below 2689
previous idea:
XAUUSD Analysis and Next Marke MovePair Name = XAUUSD
Market = Forex
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Pattern= Support resistance
Details:-
XAUUSD Is over all bullish. But here because of UK session ending and US session starting. We can see a small retesting. After this retesting it will be again on the way to 2770 to 2800 our main target level.
Bullish Target:-
2770
2800
GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2,686.729.
Considering the today's price action, probabilities will be high to see a movement to 2,659.435.
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!
GOLD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Previous week’s green candle means that for us the GOLD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2,619.804.
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XAUUSD - The CPI index will determine the gold path!Gold is located in a 4 -hour timeframe above EMA200 and EMA50 and is on its uptrend channel. If weaken in CPI data and market concerns about inflation, gold buying opportunities.
The release of the headline stronger than the expectation of the CPI will result in the uptrend and decrease in gold. But in the secondary wave it will result in gold climbing.
Gold prices have reached their highest levels in approximately four weeks, nearing the $2,700 range. Recent changes in stock markets and concerns over U.S. economic policies have driven increased demand for gold. Several key factors have contributed to the recent price surges. First, rising global tensions, particularly involving major powers such as the U.S., Russia, and China, have destabilized financial markets, prompting investors to turn to gold as a safe-haven asset to shield against potential crises. Second, persistent concerns about inflation in major economies have made gold an attractive option for preserving purchasing power. Additionally, central banks have significantly increased their gold reserves, boosting demand. Finally, expectations of interest rate cuts or potential easing by central banks, including the Federal Reserve, have further enhanced gold’s appeal.
Gold prices have previously experienced sharp declines. Between 2011 and 2015, gold lost nearly 45% of its value, falling from its peak of $1,920 per ounce to $1,050 per ounce, driven by a strong dollar, rising interest rates, and an improving economy. Beyond this historical context, other scenarios could also lead to a 30% decline in gold prices. For instance, if the Federal Reserve adopts unexpectedly aggressive monetary policies and raises interest rates faster than anticipated, the strengthening dollar would exert downward pressure on gold prices.
A sudden increase in gold supply could also push prices lower, whether due to the discovery of new reserves or the sale of gold holdings by central banks or large institutions. Moreover, robust improvements in global economies alongside geopolitical stability could dampen demand for gold. Finally, growing investor interest in alternative assets, such as cryptocurrencies or other commodities, could diminish gold’s perceived value.
Paul Williams, CEO of Solomon Global, has forecasted that the factors driving 39 record-breaking gold price highs last year remain intact and could support further price growth in 2025. In his report, Williams stated: “The year 2024 reinforced gold’s role as a timeless and safe asset. In a world filled with geopolitical conflicts and economic uncertainties, gold has provided stability and security for investors. The record highs achieved in 2024 reflect not only market conditions but also a broader sense of caution and risk mitigation among investors. This trend appears poised to continue into 2025.”
Meanwhile, The Wall Street Journal has released predictions from 17 economists on U.S. inflation data set to be announced on Wednesday, January 15, 2025. In 2024, the Federal Reserve made limited progress in curbing inflation, with most inflation indicators only slightly declining from the start of the year. Although policymakers had hoped inflation would approach the 2% target, persistent inflationary pressures have kept it near 3%.
However, November’s Consumer Price Index (CPI) report offered a glimmer of hope. Prices in sectors such as housing and services, which have been major drivers of persistent inflation, have begun to ease. This may lead to an unexpected decline in Wednesday’s CPI data, although more significant decreases are likely in early 2025.
Analysts predict a monthly CPI increase of 0.3%, which is lower than the 0.4% forecast from the Federal Reserve Cleveland’s Inflation Nowcast model. According to these projections, annual CPI is expected to rise from 2.7% to 2.9% in November.
Given that markets currently price in only two 25-basis-point rate cuts for all of 2025, a strong CPI report may not elicit a major market reaction. However, if CPI data comes in weaker than expected, the U.S. dollar could face selling pressure.
GOLD after declining read capGold, after declining to around 2660, has bounced back and is currently moving steadily above the support zone of 2665 ==> This could support the gold price to continue to increase.
During the Asian and European session, you can watch for a downward adjustment with gold to the support zone around 2665 to buy again with targets of 2675-2690.
🐷PLAN for Buy: 2666 - 2664. SL 2661
GOLD road map (4h)The price will reach the top of Triangle = 2710 in the short term.Currently, the price is declining and it can go down to the 0.618 line and then reach the top of the triangle.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Mastering XAUUSD Gold Trading: A Trading Plan For Success!🌟 In this video, I share my detailed trading plan and emphasize why a well-structured strategy is 🔑 to success. Learn how to trade Gold 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨
Here’s what we’ll cover:
📊 Trend Analysis: A top-down review of market direction to identify opportunities.
📈 Market Structure & Price Action: Key insights into how price moves and behaves.
🎯 Trade Planning: Using higher timeframe support and resistance levels to set stop loss and target points.
🛠️ TradingView Features: Practical tools to refine your analysis and boost efficiency.
This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. 🚀 Please remember, this is not financial advice. 📜
LONG TERM BULLISH - AB=CDAs illustrated, im visualizing what could be an AB=CD Pattern as a continuation structure.
We saw a strong bullish weekly candle that shows momentum and strength to the upside, and this might be our clue.
Keep in mind inflation data is likely to come in hot during JAN, which might lead the yellow metal to re-test its ATH within the next couple of weeks.
Also, geopolitical conflicts are escalating, which leads to nations to protect their economies by hedging gold.
Lastly, with China continuing its purchasing of Gold since mid NOV, the demand for gold continued growing.
It is likely we see $3.000 within the next couple of months.
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GOOD LUCK!
Gold - 15 min ( Best Buy & Sell Scalping After Break Out ) ⚡️GOLD / FXCM
Best Break Our / Key level's 15m Tf
Bullish Scenario: If the price breaks above the key level at 2693 points with high trading volume, it suggests a positive market trend
🚨Bullish After Break Out key level + High Volume / 2693 Point
Bearish Scenario: If the price breaks below the key level at 2683 points with high trading volume, it indicates a potential downtrend.
🚨Bearish After Break Out key level + High Volume / 2683 Point
⚡️ We Only Sent Most Accurate Opportunity and Analysis 💲 Not by Number ..+
GOLD Awaits Breakout Amid Key Data Releases!
GOLD is forming a symmetrical triangle, signaling a potential breakout soon. The price is consolidating near the 2675-2681 resistance zone, a key area to watch.
The PPI data released yesterday slightly disappointed dollar buyers, offering support to the forex market and causing a small correction in gold. Looking ahead, CPI data could bring further support to the market and drive volatility.
If GOLD breaks above 2681, we could see an upward move toward higher levels. However, a failure to hold above this zone may trigger a bearish breakdown toward lower supports.
Resistance: 2675, 2681, 2690
Support: 2667, 2656
The triangle’s apex suggests a decisive move is imminent.
Watch the CPI data and stay alert for the breakout! 🚨
Gold on high time frame
"When looking at Gold on the high timeframe, the price has been fluctuating between the $2600 and $2750 zones consistently. Valid Order Blocks (OB), inducements, and other patterns are observable on the chart. I predict that the price will finish its pullback to the mentioned zones. It's advisable to monitor candle formations closely for a good buying opportunity."
Could the Gold reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support that acts as an overlap support.
Pivot: 2,693.13
1st Support: 2,657.78
1st Resistance: 2,718.80
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GOLD XAUUSDIt's Monday, and I won't be opening positions today.
Globally, after the upward momentum and the historic highs, we are now in a sideways move, either a correction before another move up to 3000+ or a top formation. I like the first option better.
Locally
However, we can see that we have broken the resistance line but are coming back under it to gather liquidity from those who trade resistance line breakdowns. I'm looking at the yellow box above, which shows the liquidity we will take after a minor correction.
Best regards EXCAVO