Gold
GOLD ROUTE MAP UPDATEHey Everyone,
Once again our chart idea is playing out perfectly. We got our bearish target now complete at 2600 followed with the weighted bounce and now heading towards 2629 to complete the Bullish target gap that was left short by a few pips yesterday.
We are still seeing price play between the two weighted levels and will one of the weighted levels to 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
2629 - DONE
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
BEARISH TARGETS
2600 - DONE
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
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!
Its NYE today and the markets closed tomorrow. Looking forward to another smashing year. Wishing you all a blessed year ahead!!
Mr Gold
GoldViewFX
[GOLD] Time for the pullback ?After the huge rally we had on the TVC:GOLD , it can be time for a pullback.
Here I start my feelers for a short swing position in building and will manage the position / scenario after this first entry.
We reach my 2 weekly targets for the longs (I didn't expected the second one to be touched as fast) and the rejection of the second one is also an indicator showing me the timing to try my first shorts ...
Great Trade !
XAUUSD: 31/12 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2660, support below 2580
Four-hour resistance 2627, support below 2600
Gold operation suggestions:
From the 4-hour analysis, gold short-term focus on the short-term suppression of 2627, rebound to this position can be involved in short orders, focus on the suppression of 2635-40, focus on the short-term support of 2580-2600, the operation is mainly based on rebound selling, buy near 2580 support, and wait patiently for key points to enter the market.
SELL:2627near
SELL:2618near
BUY:2580near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Gold Analysis: Key Levels and Trends on the Year's Final DayGold Technical Analysis
The price continues to consolidate within the range of 2,620 and 2,604, awaiting a breakout.
A 1-hour or 4-hour candle closing below 2,604 would confirm a bearish trend, with potential targets at 2,585 and 2,558.
Conversely, if a 4-hour candle closes above 2,623, it would signal a bullish trend, paving the way for upward movement toward 2,636 and 2,653.
Key Levels:
Pivot Point: 2615
Resistance Levels: 2623, 2636, 2645
Support Levels: 2604, 2591, 2585
Trend Outlook:
Bearish below 2604
Bullish above 2623
previous idea:
SPY/QQQ Plan Your Trade For 12-31: Top PatternHappy New Year Everyone,
Today's pattern is a TOP pattern. This suggests the SPY/QQQ will rally in early trading, attempting to identify a resistance level and then rolling into a TOP type of pattern.
I don't expect the markets to fall much after reaching the top/resistance level. I expect it to be more of a stalling type of price action after reaching resistance.
Gold and Silver will likely attempt to confirm a base/bottom near recent lows. I don't expect too much movement in metals today.
Bitcoin moved below recent support, then rejected back to the upside. If this support fails, Bitcoin will move strongly to the downside over the next few days.
As we move into 2025, capital will start to rush back into the markets in early January. This low-liquidity phase will end near Jan 5 through Jan 8.
Be prepared for price to attempt to revert back into normal 0.5 to 1.25% price ranges - consolidating as liquidity increases in the markets over time.
Remember, the first half of 2025 will be very volatile - so buckle up and get ready for some big price rotation in early 2025.
Get some..
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GOLD:Will the U.S. Dollar Cap Gold Gains?Analyzing Market TrendsGold prices have seen a surge in buying activity as the week begins, aiming to build upon the recovery initiated from a one-month low reached last Thursday. Analyzing the market from a technical perspective, we've observed the price hitting our pending order level. According to the Commitment of Traders (COT) report, retail traders remain bullish while commercial traders have shifted to a bearish stance over the past week. This dynamic suggests that we are anticipating a bearish continuation in gold prices despite ongoing geopolitical tensions, including the prolonged Russia-Ukraine conflict and escalating tensions in the Middle East. Additionally, fears surrounding trade wars continue to create a backdrop that benefits the safe-haven appeal of gold.
However, the strength of the U.S. Dollar (USD) presents a contrasting scenario that could further suppress gold prices. Recently, there has been a resurgence in dip-buying within the USD, fueled by the Federal Reserve's hawkish signals and rising U.S. Treasury yields. These factors are likely to impose additional constraints on gold, a non-yielding asset, limiting its upside potential. In summary, while the geopolitical landscape might support gold's appeal, the prevailing strength of the dollar could undermine any significant price increases in the near term.
✅ Please share your thoughts about GOLD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Gold breaks down for the second time
After breaking down in the upward range of gold, the hourly line is sideways and bullish and bearish. It successfully broke down for the second time in the US market. The short-term trend returns to the bearish pattern again.
After gold breaks down and adjusts, it falls again in the short term. The price drops to the support of 2605 and then rebounds. The resistance of 2617 above is under pressure. If it breaks up at this position, gold is in a strong rebound stage, and the price may form a horizontal consolidation.
The short-term support of 2605 below, if it breaks down here, gold is in a weak adjustment structure. There is a high probability of testing the previous low in the future.
On the whole, the short-term trend of gold is dominated by bears in the short term, and it is recommended to rebound and short.
Focus on the 2615-2617 area above.
THE KOG REPORT THE KOG REPORT 4H – LAST ONE OF THE YEAR!
In last week’s KOG report we said we would be looking for price to find support on the open into path illustration and then attempt the move upside into the 2630-35 range which we suggested would be a reasonable target for any long trades. It’s at this level we wanted to take out our longs and attempt the short trade sticking with the bias of the week which was the 2660 bearish below level.
It was a ranging week with minimal movement considering recent weeks, however, we managed to get the resistance level and then the move down on the red boxes where we suggested traders take partials and then leave runners at BE into the close.
Another decent week on the markets in Camelot not only on Gold but the other pairs we trade and analyse.
So, what can we expect in the week ahead?
Well, we again have that order region of 2630-35 which we ideally would like to see visited one more time, however, there is a key level of resistance sitting at the 2625-7 region which we would price to attempt during the early session before settling again. Ideally, we would like to see one of these levels reject giving a further move downside into the lower support levels which are active on the red boxes. The first level being 2610 and below that 2600-4 which will need to break for us to go lower into the new year!
It’s a really important week with the yearly candle close above the 2655 level to confirm further movement upside.
The key levels for the end of year, support 2596, needs to break and close below in order to form the structure to go lower and break the range. Resistance 2640 needs to break upside and hold in order to see more gains on this precious metal.
Simple one this week as we’re still on our festive break and spending limited time on the charts. We’ll update and post the analysis for the wider community as we go through the week. Otherwise, wishing you the best of success in your trading journey for the New Year and thank you for being with us.
KOG’s Bias for the week:
Bearish below 2640 with targets below 2610, 2604, 2596 and below that 2580
Bullish on break of 2640 with targets above 2655 and above that 2665
RED BOXES:
Break above 2625 for 2630, 2635 and 2638 in extension of the move
Break below 2613 for 2604, 2597, 2592 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Gold may have another waterfall, the latest technical analysisGold continued to fall on the daily line, and once again lost the MA10 daily average line of 2614. Yesterday, it fell below the 2600 mark, and the low point moved down. The adjustment range moves down to 2590/2620. The price in the short-period four-hour chart runs along the middle and lower rails of the Bollinger Band, the moving average opens downward, the RSI indicator runs weakly below the central axis, and the intraday rebound is mainly selling at high levels!
The gold 1-hour moving average continued to cross the downward short arrangement again, and the gold fell and continuously refreshed the low point. Now gold is obviously still in a short trend, so just continue to go short. Today, 2622 is an opportunity to sell at highs, but the short-term rebound of gold near 2615 was suppressed, so you can enter the market in advance!
First support: 2595, second support: 2590, third support: 2581
First resistance: 2610, second resistance: 2615, third resistance: 2628
Trading strategy:
BUY: 2588-2590
SELL: 2613-2615
XAUUSD:30/12 Today's Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2660, support below 2580
Four-hour resistance 2627, support below 2600
Gold operation suggestions: Gold was under pressure at the 2639 mark last Friday, and it fell back and fluctuated downward. The US market continued to fall to the 2611 mark, stabilized, rebounded, and closed in a volatile manner. The overall gold price continued the recent wide range of long and short fluctuations.
From the 4-hour analysis, we focus on the 2627 pressure on gold today. If the rebound touches below this level, it can be sold. Below, we focus on the 2610 first-line support, and focus on the 2600 first-line support nearby. In terms of operation, shorting on rebound is the main method, shorting below the 2627 long-short watershed, and long above it. Be cautious at all other positions and wait patiently for key points to enter the market
SELL:2627near
SELL:2620near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Analysis of gold operation strategy next week
Recently, the U.S. dollar index has continued to strengthen, rising for several consecutive weeks, putting pressure on gold prices. If the US dollar index continues to remain strong, gold prices may be further suppressed. However, we also need to pay attention to the fluctuations of the U.S. dollar index. Once it pulls back, gold prices are expected to get a chance to rebound. Although the US dollar and US bond yields pose downward pressure, the continued escalation of geopolitical tensions provides safe-haven support for gold. Conflicts in the Middle East and turmoil in the Russian-Ukrainian situation may trigger risk aversion in the market, thereby pushing up gold prices. In addition, the state of the US economy will also have an impact on gold prices. Recently, the U.S. economy has shown strong resilience, but there is still uncertainty about its future direction. The international gold trend next week may show a volatile trend, which is jointly affected by the U.S. dollar index, geopolitical situation and U.S. economic conditions. Investors need to pay close attention to the changes in these factors in order to grasp the trend of gold prices. At the same time, it is also necessary to pay attention to risk management and avoid blindly following the trend.
Gold technical analysis: Next week will usher in the final battle between the annual and monthly lines. From the perspective of the annual line, the overall bull market is still there, the general trend is still bullish, and there is no trend reversal, just a temporary pause. In terms of the monthly line, the overall structure is bullish, but the monthly K line is currently in a continuous negative pattern, which is beneficial to the bears. In addition, the short-term 5-day moving average of the monthly line shows signs of turning. Although the bulls are dominant, we must also pay attention to the downward retracement strength. In terms of the weekly line, the weekly line received a small cross positive. If we only look at the rebound strength, the upward momentum is obviously insufficient. In addition, the overall technical pattern shows that the bears have the conditions to break the support and extend.
The gold hourly line is still oscillating within a large range. If gold rebounds first at the opening of next Monday, and if it continues to be under pressure at 2640, then gold will continue to sell short on rallies under pressure at 2640. Gold bulls have not shown full strength, and they have risen many times. After falling back, gold is not very confident in its upward breakthrough. It keeps making false breakthroughs, and then lures the bulls to fall again.
Judging from the 4-hour analysis, the lower support focuses on the 2600 integer mark, and the upper short-term pressure focuses on the vicinity of 2640. The overall tone of high short-selling participation remains unchanged based on this range, and the middle position is cautious to pursue orders, and patiently waits for the key point to enter the market.
Gold operation strategy:
1. Gold rebounds and sells short at the 2637-2640 line, stop loss at 2649, target the 2610 line, and look at the 2598-2600 line if the position is broken;
GOLD SHORTAs i expect, that gold will fall, i have entered at the area at failed eng M5.
Gold is falling since last week, and i have published idea, in which my idea was gold will fall, my entry was at 2637 and my stop loss was at 2651, and target was at 2585.
Entry point : 2605 at the area of failed bearish eng.
Stop loss : 2610 and target is 2596
Stay tune guys.
GOLD → A reversal pattern for a further fallHello, my wonderful friends, Ben here!
Gold prices are currently testing key levels of interest during a corrective phase against the trend, following a breakout from a significant level. The fundamental backdrop is not particularly favorable, with the market under consistent downward pressure.
The bearish sentiment around gold is intensifying as U.S. Treasury yields continue to climb, and the USD strengthens toward the end of the week, reducing the appeal of the precious metal. Notably, the US Dollar Index has recorded its fourth consecutive week of gains, while the 10-year U.S. Treasury yield remains near its highest level since early May.
Looking ahead, the market's focus remains on the return of President-elect Donald Trump and the potential impact of his inflationary policies, which could have significant implications for the Federal Reserve's outlook in 2025. Stay cautious!
From a technical perspective, the price is currently trading within a short-term descending channel, formed after the termination of a rising wedge pattern. The outlook suggests a higher probability of further declines. The 2622 level is a critical threshold—if sellers maintain pressure below this zone, the downtrend could extend further, with potential targets at 2605 and 2596, among others.
Best regards,
Bentradegold!
Gold Prices Today (December 31): Broad Decline Across the BoardHello, dear friends! Ben here!
Spot gold has successfully climbed past the $2,600 mark during the U.S. trading session, continuing its retreat from Friday's peak of $2,638.
Driving the current sentiment is the U.S. dollar (USD), which gained strength as Wall Street opened amidst lackluster performance in local indices. Weak trading volumes further intensified the drop in equities, fueling a short-term rally in the USD. Yet, despite these temporary setbacks, the three major indices are on track to close another year with impressive gains.
Meanwhile, market participants are shedding high-yield assets as uncertainty looms over what 2025 may bring. The Federal Reserve (Fed) has signaled its intent to slow the pace of rate cuts, given that inflation remains stubbornly high. Adding to the tension, former President Donald Trump is set to return to the White House on January 20, with his anticipated protectionist policies likely to exacerbate inflationary pressures in the years ahead.
Given these dynamics, a bearish outlook on gold remains dominant in the short and medium term. Attention is centered around the 2,610 resistance level—so long as sellers defend this zone, gold appears poised to decline further, with potential targets in the 2,596–2,587 range.
What are your thoughts? Share your insights, forecasts, and questions—let’s explore the ongoing dynamics of XAUUSD together!
XAUUSD sell-to-buy setup updateOn our previous analysis on Gold, we were ready to take a sell-to-buy trade meaning we would be selling into an area where we would later want to buy at. Price did push till our area of interest however it did not push enough to trigger our sell positions. However, we are happy to see that price is going into the anticipated direction.
Gold Spot (XAU/USD) Analysis on the 1-Hour TimeframeKey Levels and Observations
The black horizontal lines on the chart represent monthly support and resistance levels, which are critical zones for price reactions.
Significant levels include:
Support Levels: 2600, 2580, 2560
Resistance Levels: 2620, 2640, 2660
Momentum and Price Behavior
On the 1-hour timeframe, bearish momentum appears stronger as the red (bearish) candles are relatively larger than the green (bullish) ones.
The price has tested the 2600 support level twice but has failed to generate a strong rebound, suggesting possible weakness in buying pressure.
Possible Scenarios:
If Support at 2600 Holds:
The price could consolidate above this level, potentially targeting higher resistance zones like 2620 or 2640.
If 2600 Breaks:
A break below 2600 could lead to further downside movement, with 2580 and 2560 as the next potential targets.
Market Outlook
For now, the price appears to be stuck in a tight range between 2600 and 2620, indicating consolidation.
Traders should wait for a clear breakout or reversal around the key levels before making decisions.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out, as analysed.
We are still seeing price play between the two weighted levels and started the day with our bullish target test 2629, which just fell short but can be considered as done. No cross and lock above confirmed the rejection and now we are seeing price head towards the lower weighted level for a test. We need ema5 to cross and lock above or below the weighted Goldturns 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
2629
EMA5 CROSS AND LOCK ABOVE 2629 WILL OPEN THE FOLLOWING BULLISH TARGET
2655
EMA5 CROSS AND LOCK ABOVE 2655 WILL OPEN THE FOLLOWING BULLISH TARGET
2694
EMA5 CROSS AND LOCK ABOVE 2694 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
BEARISH TARGETS
2600
EMA5 CROSS AND LOCK BELOW 2600 WILL OPEN THE FOLLOWING BEARISH TARGET
2561
EMA5 CROSS AND LOCK BELOW 2561 WILL OPEN THE SWING RANGE
SWING RANGE
2519 - 2486
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
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays.
Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again.
Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration.
Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets.
Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025.
Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future.
2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves.
Get some.
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Gold Price Consolidation with Bearish Outlook Below 2620Gold Technical Analysis
The price today is expected to consolidate between 2,620 and 2,605 until a breakout occurs.
Initially, the price is likely to drop below 2,620 toward the support level at 2,605. Breaking below this level could extend the bearish movement toward 2,585.
However, a 4-hour candle must close above 2,620 to target 2,636.
Key Levels:
Pivot Point: 2620
Resistance Levels: 2636, 2645, 2653
Support Levels: 2605, 2591, 2585
Trend Outlook:
Bearish below 2620
Bullish above 2636
Gold Oscillation Runs, Analysis and Signal UpdatesThe gold structure adjusts the short-term price around the MA10 daily moving average of 2620 to form a narrow range of 2610/2640. The RS1 indicator has not yet shown an obvious strong signal, and the value of the central axis 50 continues to be flat. The Bollinger band of the short-term four-hour chart is sideways, and the Bollinger band channel is narrowly consolidated. The trading idea at the beginning of the week continues to look at the 2610/40 range to sell high and buy low to participate in short-term trading.
Gold is still oscillating in a large range in 1 hour. Gold is running below 2640 on Friday. If gold is under pressure at 2640 today, then gold will continue to be bearish. Gold rebounded to a high of 2635 in the US market on Friday and was blocked. Gold rebounded near 2635 today and can continue to be sold.
First support: 2613, second support: 2606, third support: 2593
First resistance: 2632, second resistance: 2638, third resistance: 2650
Trading strategy:
BUY: 2615-2613, SL: 2604, TP: 2630-2640;
SELL: 2635-2637, SL: 2647, TP: 2620-2610;