WHERE GOLD WOULD GO NOW?GOLD currently move higher in the first day of 2025, continuing the uptrend momentum from the end of last year and now traded at 2634. Fundamentally, CME FED Watch Tools still eyeing for two cut rate this year and this could boost GOLD a little bit higher or make a wide-range sideways movement. Technically, i see GOLD still in a sideways condition now with smaller range than before.
I use 2667 - 2671 level as a key level for GOLD to continue it's uptrend and 2605 as a key level to continue it's downtrend. I will give update if there's something different than my current technical analysis
Gold
GOLD maintains a narrow recovery rangeOANDA:XAUUSD Spot delivery maintains a recovery trend and narrow range during the day. As of the time of writing, gold price is currently trading at about 2,633 USD/ounce. On this trading day, investors will pay attention to many important data such as the number of initial jobless claims in the United States, PMI and the housing market, which are expected to stimulate activate market conditions and create market volatility.
Today (Thursday), seasonally adjusted initial unemployment claims in the United States for the week of December 28 will be released, expected to be 224,000, compared to 219,000 the previous week.
If the latest initial unemployment claims are lower than expected, this will have a positive impact on the US Dollar and affect the price of gold and major non-US currencies.
On the same day, the final value of the US Markit Manufacturing Purchasing Managers' Index (PMI) for December will be announced, expected to be 48.3.
US construction spending in November will be released, with the monthly rate expected to increase 0.3%.
On the daily chart it's OANDA:XAUUSD is still trading in a very narrow operating range, with temporary short-term rallies still limited by pressure from the EMA21 and the 0.618% Fibonacci retracement level. Note to readers in digital publications out first.
Temporarily, gold's trend is quite neutral with the possibility of accumulation depicted by the purple triangle. However, based on the current position, gold has more conditions to decrease in price with the Relative Strength Index (RSI) still below level 50, level 50 is considered resistance or support for RSI depending on conditions. RSI's lawsuit.
On the other hand, gold could open a new bearish cycle once it is sold below the 0.786% Fibonacci level and the subsequent target of $2,538 in the short term. Even if gold recovers above EMA21, it is still unable to create a concrete uptrend, with pressure from the upper edge of the purple price triangle.
Using the POC Volume Profile we will also see that the area around 2,634 – 2,640USD is an area where a lot of trading occurs, this should be considered a pressure area given gold's current position.
During the day, gold's trend is neutral with technical conditions tilted to the downside and notable levels are listed below.
Support: 2,604 – 2,600USD
Resistance: 2,640USD
SELL XAUUSD PRICE 2651 - 2649⚡️
↠↠ Stoploss 2655
→Take Profit 1 2644
↨
→Take Profit 2 2639
BUY XAUUSD PRICE 2599 - 2601⚡️
↠↠ Stoploss 2595
→Take Profit 1 2606
↨
→Take Profit 2 2611
XAUUSD: Gold in 2025!Gold is located between EMA200 and EMA50 in the 4-hour timeframe and has exited its short-term ascending channel. In case of a valid break of the resistance range, we can witness the continuation of the rise of gold and see the supply zone. Correction of gold and pullback to the broken channel will provide the opportunity to buy it with the appropriate risk reward.
According to a recent report by UBS, the price of gold is expected to reach $2,900 per ounce by the end of 2025. UBS highlights that one of the main drivers of this price increase is the continued demand for gold by central banks. These institutions are motivated by a desire to reduce reliance on the dollar and diversify their reserves, and they are expected to maintain their purchasing momentum in 2025, supporting high gold prices.
In addition, investor demand for gold as a safeguard against geopolitical and policy-related uncertainties will also play a critical role in sustaining elevated prices. UBS points to ongoing concerns about the Russia-Ukraine conflict, tensions in the Middle East, and uncertainty surrounding U.S. fiscal and trade policies under President Donald Trump as factors that could boost investment in gold-backed exchange-traded funds (ETFs).
Furthermore, declining interest rates and a weakening U.S. dollar are other key factors contributing to gold’s rise. UBS anticipates that interest rates will continue to drop and that a weaker dollar will drive higher demand for gold.
Beyond gold, UBS also highlights opportunities in copper and other energy-transition metals. The bank identifies global investments in electricity generation, energy storage, and electric transportation as long-term drivers of demand for these metals.
Meanwhile, according to surveys conducted by the Financial Times, Trump’s economic policies, known as “Maganomics,” could pose risks to economic growth. The findings suggest that many economists believe Trump’s protectionist measures might overshadow the benefits of his other policies.
More than half of the 220 economists surveyed across the U.S., UK, and Eurozone believe Trump’s policies could lead to higher inflation and force the Federal Reserve to adopt a more cautious stance on cutting interest rates. However, most analysts, including those from the IMF, OECD, and European Commission, forecast that U.S. economic growth in 2025 will outpace that of Europe.
Gold H4 | Potential bearish reversalGold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,636.57 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 2,670.00 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance.
Take profit is at 2,585.26 which is a swing-low support.
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Competition for gold longs and shorts intensifies
The current gold market has entered a wide consolidation stage after many fluctuations. Judging from the hourly line, the price has rebounded and risen, but the resistance above the 2637 line is obvious. If this level is exceeded, gold may return to its previous upward channel. In terms of form, gold shows a head-and-shoulders bottom breakout structure. If it successfully breaks through, the market outlook may test the 2655-2660 area.
The lower support is at the 2625 line. If the price falls below this support, the short-term rebound will come to an end, and gold may once again enter the downward adjustment stage.
Overall, the general trend of gold is still in the downward adjustment stage, and long-short games will still be frequent in the short term. There are certain risks in both long and short operations in the current market.
If there is no significant retracement before the US market, you can do short-term lows in the 2625-2630 area. But looking at the overall shape, individuals tend to go short, especially if the price does not stabilize above 2645 and return to the upward channel, or form a triangle convergence breakthrough. Aggressive investors can try short operations in the 2638-2640 area.
Based on the chart, here’s a potential trade setup for **gold Based on the chart, here’s a potential trade setup for **gold (XAU/USD)**:
**Key Levels:**
- **Resistance Zone:** Around 2,640-2,645 (gray area in the chart).
- **First Support Level:** 2,620.
- **Second Support Level:** 2,610.
- **Deeper Target:** Below 2,610, likely toward 2,600.
---
**Trade Setup (Sell):**
1. **Entry:**
- Wait for a bearish rejection near the 2,640-2,645 resistance zone. Look for signs like a bearish engulfing candle or wicks rejecting the resistance.
2. **Stop Loss:**
- Place your stop loss slightly above the resistance zone at around 2,650 to protect against false breakouts.
3. **Take Profit Targets:**
- **1st Target:** 2,620 (Support zone).
- **2nd Target:** 2,610 (Deeper support).
- **3rd Target (Optional):** 2,600 if the price breaks below 2,610 with strong momentum.
---
Alternate Scenario (If Resistance Breaks):**
- If gold breaks and closes above 2,645 on the 1-hour chart, this would invalidate the sell setup.
- Look for a potential **buy opportunity** on a pullback to 2,640 with a target of 2,660.
---
**Tips for Execution:**
- **Confirmation:** Wait for confirmation (candlestick patterns or momentum indicators like RSI divergence) before entering.
- **Risk Management:** Use a risk-reward ratio of at least 1:2 or 1:3 to ensure profitability.
- **Monitor News:** Be aware of economic news that could impact gold (e.g., USD strength or weakness).
CAPITALCOM:GOLD
Could the Gold drop from here?The price is reacting off the pivot which has been identified as an overlap resistance and could drop to the pullback support level.
Pivot: 2,636.83
1st Support: 2,608.00
1st Resistance: 2,657.44
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New Year, New GOLD Plays! LETS GO!!!Being that this is the year after a US Election I am Bullish on Gold and looking for new highs to be made. We might just get a break out this week. it looks like price is setting up for something. Keeping a eyes on things as we slide into 2025 to remain in tune when things pick up in Feb!
World gold price todayOver the past 10 years, January has typically been the best month for gold. However, Low said that is not necessarily true in the post-pandemic era when countries are still struggling. He pointed out that while recent data shows that Chinese gold demand has been strong over the past 12 months, some US factors could hold back gold prices this month. Investors are still looking at the hawkish factors at the US central bank’s final policy meeting of the year, he said. The revelation that the Fed will slow its pace of rate cuts this year has put the US dollar in a good position, which is not very positive for the precious metal.
Another issue Low noted was that the technical outlook for the yellow metal had deteriorated somewhat over the past week. He observed that prices had fallen below the 100-day moving average for the first time in more than a year. Although prices have rebounded in subsequent sessions on the back of buying from investors, he noted that this is also a negative sign for gold.
Gold price today 1/2/2025Safe haven demand and central bank rate cuts are the catalysts for gold’s rise in 2024, with the precious metal likely to rise more than 26% in the year, its best performance since 2010. Experts say these factors will continue to drive the precious metal in the new year. However, sentiment is likely to turn more cautious given the policy shift under US President Donald Trump.
Geopolitical tensions are expected to remain elevated next year, as central banks continue to buy gold, while the US debt problem could return. Donald Trump. All of this will provide safe haven demand for the precious metal...
This expert commented that this year will be a bit difficult for gold as the price of this precious metal has increased by nearly 27% in 2024. Prices cooled down in November and December but mainly due to the US election results as it somewhat affected the outlook of the US Federal Reserve (FED) this year.
🔥 XAUUSD SELL 2636 - 2638🔥
💵 TP1: 2615
💵 TP2: 2605
💵 TP3: OPEN
🚫 SL: 2645
Gold Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2610 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2610 support and resistance area.
Trade safe, Joe.
Gold short position XAUUSD - Medium TermOANDA:XAUUSD
#Gold #XAUUSD has been declining since March, and has shown an accelerated move to the downside (mid april to mid may) signaling a short position. After almost a month of moving side ways and failing to reclaim above the broken trendline, a bearish continuation is now in play aiming at 1721 and 1687
The third continuation wave should bring the price lower to these levels.
Short position can be taken between 1829 - 1845 $
TP1 1721 $
TP2 1687 $
SL = 1D close above 1880 $
Risk/Reward = 2.9
The last gold analysis of this year
Gold just rebounded and did not reverse. Rebounding is normal, but the trend has not changed. The rebound of gold is an opportunity for shorts. The hourly moving average of gold is still dead cross downward short divergence, so the short position of gold has not ended. Gold is just rebounding now. Yesterday, the rebound of gold in the US market was under pressure at 2622 and continued to fall and then hit a new low. The short-term rebound of gold in the intraday was suppressed near 2610. We pay attention to the short-term suppression of 2610-2612 above, and there is still room for shorts below.
From the 4-hour analysis, gold will focus on the 2610-2612 first-line short-term suppression in the short term. If the rebound touches this position, you can enter a short-selling order. Focus on the 2635-40 first-line suppression situation. The lower part will focus on the 2596-2600 first-line short-term support. In operation, use the rebound to short. Mainly, be cautious in pursuing orders in the middle position and wait patiently for key points to enter the market.
Gold operation strategy:
1. Gold rebounds to 2620-2625 and is short, and rebounds to 2630-33 to cover short positions. Stop loss is 2637 and target 2596-2600;
12.30 Gold Trading Strategy Analysis
The negative line closed last Friday is very critical. It pierced the 5-day line and the 10-day line in one fell swoop, almost completely swallowing up the positive line last Thursday. This kind of negative-enclosing-positive K-line pattern is a strong signal in technical analysis. It clearly shows that the short-term bullish momentum is extremely weak, and the trend of the market turning down again is becoming more and more obvious. Based on this, the gold market is likely to further expand the downward space this week. Investors can first focus on the long and short competition in the 2610-2600 area. If the market continues to fluctuate within a narrow range above 2600 this week, and the price gradually moves closer to 2600, then judging from the trend, gold is very likely to retreat to the 2580-2570 and 2550-2530 areas again in the later period.
From a technical perspective, as long as the 2640 position of the 20-day line above is not effectively broken through, the overall structure of the gold market will still be biased towards the short side. This is like a tug-of-war game, with the bears holding the rope tightly. As long as the bulls fail to break through the key defense line, the bears will have a relative advantage. Combined with the hourly chart trend, the price of gold fell below 2620 last Friday night. Although it rose back above this price in late trading, the space above for it to continue to rebound is very limited. In terms of operations this week, the top can first focus on the short-term pressure level near 2630, and the strong pressure level will focus on the 2640 line. According to the current market situation, it is very likely that gold will come under pressure in the 2635-2630 range. If gold prices move higher then strong resistance around 2640 will need to be focused on.
Gold operation strategy: Gold recommends short-term short selling near 2630-2635, stop loss 2642, and target 2620-2610. It is recommended to buy long at 2608-2612 below, stop loss at 2600, and target 2625-2635;
GOLD is getting some rest to fly againhello gold poeple adept
For gold I think it is now just taking some rest to fly again in order to has its TP1: 3075 and next TP2:3755, but our precious metal can gow down until 2450 but keep in mind that gold is always for buy because if you short it you will suffer.
NB: if you want more analysis just text me here
GOOD LUCK
2025 roadmap for gold xauusd by my strategyAs we look ahead to 2025, this analysis outlines a comprehensive roadmap for trading XAU/USD (gold) based on my proprietary strategy. With a focus on key market drivers, technical indicators, and geopolitical factors, this roadmap aims to provide traders with actionable insights and a clear vision of Potential price movements for gold.
In this report, I will delve into the fundamental and technical aspects that are likely to influence gold prices in 2025, including expected shifts in monetary policy, inflation trends, and global economic conditions. I will also highlight critical support and resistance levels, chart patterns, and relevant indicators that could guide buying and selling decisions.
Additionally, the analysis will explore the impact of external factors such as interest rates, currency fluctuations, and market sentiment on gold’s performance. By implementing my strategy, traders will be better equipped to navigate the complexities of the gold market and identify profitable opportunities in the coming year.
Join me on this journey to uncover the potential pathways for XAU/USD in 2025 and refine your trading approach in alignment with emerging trends.
these price is the Key Points for changing the trend and will be nice for swing position .
i wish you the best in 2025 and you will be make more money than past...
Gold is Ready to Attack to Heavy Support zone!!!Gold ( OANDA:XAUUSD ) seems to have managed to break the 100_SMA(Daily) , the Support zone($2,613-$2,608) , and the lower line of the ascending channel and is currently moving in the Heavy Support zone($2,605-$2,584) .
According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 .
In terms of Classical Technical Analysis , with the breaking of the lower line of the ascending channel, we can also see the Bearish Flag Pattern well in the higher time frame .
I expect Gold to GO down at least as wide as the ascending channel and go down to the Potential Reversal Zone(PRZ) and 21_SMA(Weekly) .
⚠️Note: If Gold breaks the 100_SMA(Daily) and Resistance lines, we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 1-hour 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.
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GOLD / Consolidation Near Resistance Ahead of Year-End MovesGold Technical Analysis
The price is about to reach the resistance line which is 2636 and then will consolidate between 2636 and 2620 until a breakout occurs.
If the price breaks above 2638 with a 4-hour candle close, it signals a continuation of the bullish trend toward 2653.
Conversely, stability below 2620 could drive the price down to 2605.
Key Levels:
Pivot Point: 2628
Resistance Levels: 2636, 2645, 2653
Support Levels: 2620, 2605, 2591
Trend Outlook:
Bearish below 2620
Bullish above 2623