GOLD NEXT MOVE (expecting a bearish move) (30-12-2024)Go through the analysis carefully and do trade accordingly.
XAU/USD Analysis - December 30, 2024
Current Price: $2626
"If the price remains below $2642, the next targets are $2612, $2589, and there is a possibility of staying above $2550."
- POSSIBILITY 1:
Wait (as geopolitical tensions are worsening)
- POSSIBILITY 2:
Wait (as geopolitical tensions are worsening)
Best of Luck!
Always remember: Never risk more than 1% of your capital on any trade.
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Gold
Is Gold the Best Investment in a Mixed Metals Market?Gold Shines in a Mixed Year for Metals Markets
In 2024, gold emerged as a standout performer in the often-volatile metals markets. While other metals experienced a mixed bag of results, gold surged by an impressive 27%, defying the broader market trends. This bullish run can be attributed to a confluence of factors, including US monetary easing, heightened geopolitical tensions, and strategic central bank purchases.
A Year of Contrasting Fortunes
The performance of base metals in 2024 presented a more nuanced picture. While some base metals witnessed healthy gains, others struggled. Iron ore, a key ingredient in steel production, witnessed a significant decline, and lithium, often touted as the white gold of the electric vehicle revolution, also faced headwinds.
Gold's Allure: A Haven in Uncertain Times
Gold's resilience throughout 2024 can be ascribed to its inherent characteristics as a safe-haven asset. When economic or political uncertainty clouds the horizon, investors often flock to gold, perceiving it as a store of value that can weather market storms.
• US Monetary Easing: In 2024, the US Federal Reserve implemented a series of monetary easing measures, injecting liquidity into the financial system and lowering interest rates. This dovish stance by the Fed weakened the US dollar, making gold, a dollar-denominated asset, more attractive to international investors.
• Geopolitical Upheaval: The year 2024 was marked by a heightened sense of geopolitical instability. Trade tensions, regional conflicts, and concerns over global security fueled investor anxieties. Gold, perceived as a hedge against geopolitical risks, benefited from this flight-to-safety bid.
• Central Bank Buying Spree: Central banks around the world were significant buyers of gold in 2024. This strategic accumulation by central banks bolstered investor confidence in the yellow metal, further solidifying its position as a valuable reserve asset.
The Road Ahead: A Look at 2025
As we enter 2025, the outlook for metals markets remains shrouded in some uncertainty. However, several key factors are likely to influence the trajectory of gold and other metals.
• The Trajectory of US Monetary Policy: The future course of US monetary policy will be a critical determinant of gold's performance in 2025. If the Fed maintains its dovish stance, it could continue to buoy gold prices. However, if the Fed signals a shift towards tighter monetary policy, it could dampen gold's appeal.
• The Evolving Geopolitical Landscape: The geopolitical landscape in 2025 will significantly impact investor sentiment. If geopolitical tensions escalate, gold could surge as investors seek a safe haven. Conversely, a period of relative geopolitical stability could lead to a pullback in gold prices.
• China's Growth Engine: China's economic growth prospects will also be closely watched. China is a major consumer of metals, and its demand can significantly influence prices. If China's economy strengthens in 2025, it could provide a tailwind for base metals.
Gold's Strong Gains: A Harbinger of Change?
Gold's stellar performance in 2024 may signal a fundamental shift in market dynamics. After years of dominance by riskier assets like equities, investors may be returning to safe-haven assets like gold in anticipation of a more uncertain economic and geopolitical environment.
In conclusion, the year 2024 was a year of contrasting fortunes for metals markets. While gold emerged as a clear winner, other metals painted a more mixed picture. As we look ahead to 2025, the trajectory of US monetary policy, the evolving geopolitical landscape, and China's growth prospects will be the key factors shaping the performance of metals markets. Gold's robust gains in 2024 serve as a reminder of its enduring allure as a safe-haven asset in times of uncertainty. Whether this marks a long-term trend or a temporary blip remains to be seen, but one thing is certain: gold will continue to be a closely watched asset class in the ever-evolving global financial landscape.
Gold Analysis: Bearish Reversal Looms After Supply Zonehello guys!
let's dive into #xauusd #gold analysis!
Supply and Demand Zone: The price recently touched the highlighted supply and demand (S&D) zone around $2,640-$2,650, showing resistance in that area.
Trend Channel: The price is moving within an ascending channel, with higher highs and higher lows. However, the current trend shows signs of potential exhaustion.
Projected Movement: After touching the S&D zone, the price began to decline. The chart suggests a potential retest of the midline of the channel before continuing downwards.
Bearish Outlook: If the price breaks below the lower channel line, a significant drop toward the $2,578 level is possible, indicating a bearish continuation.
GOLD // short countertrendThe trend is short on every major timeframe, and the market has a nice room till the correction fibo 38.2
There are 2 clean (not yet tested) H4 breakouts that can be excellent entry zones for short trades.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
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Stay grounded, stay present. 🏄🏼♂️
<<boost🚀 if you enjoy💚
Gold Analysis==>>Falling Soon!!!🎄First of all, I want to wish everyone a Merry Christmas , I wish you all the best moments .
As I expected , Gold ( OANDA:XAUUSD ) reached the upper area of the Resistance zone($2,642-$2,620) .
Gold is moving in the Resistance zone($2,642-$2,620) , near the 50_EMA(Daily) . (It has also succeeded in breaking the Uptrend line ).
According to the theory of Elliott waves , it seems that Gold has successfully completed the Double Three Correction(WXY) in the Ascending Channel .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to attack the lower line of the ascending channel AFTER breaking the Support line .
⚠️Note: If Gold breaks the 50_EMA(Daily) and Resistance zone($2,642-$2,620), we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Buy Limit OrderHi everyone.
As we had a CHoCH in lower TF, I think it's time to go up again and trigger my previous sell setup and then come back down again...
This is how I see the market in the coming days, so I'm going long when the market opens.
Let's see what happens next..
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Gold Symmetrical Triangle could sky rocket the price to $2,789Gold has been forming a Symmetrical Triangle since July 2024.
The Uptrend Flag pole was established, followed by the constricted Triangle.
Now it's still early days, but the price could constrict further until it reaches 3/4s of the apex.
If theory speaks, then the price should break up and out of the Triangle which will take it to $2,789.
I want to be optimistic in 2025. And ONLY if the price breaks below the support, will it show a bearish nature.
Until then, golden balls all the way.
Weekly View On Gold XAUUSD (Week 01/2025)Weekly View On Gold XAUUSD (Week 01/2025)
GOLD is in
1. In the tight range since Nov 2024 and it is due for the break out soon.
2. For the positioning, we still have minor bullishness in tact.
Summary
Slightly Bullish but it is gonna be wild swing as the buyers and sellers fighting it hard to win over each other.
So, make your plans accordingly. (See the black dash line for possible future projection of the gold price)
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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Gold → A Buying Opportunity or a Market Trap?OANDA:XAUUSD continuing to bring hope for buyers, trading inside the local upward channel resembles a flag on the backdrop of a local downtrend.
In the medium term, the dollar needs to be reassessed in the context of the Fed remaining supportive. This raises the question: What will happen to interest rates? Hold steady or increase? It must be understood that as Donald Trump prepares to return to the White House in January, the market will closely monitor U.S. economic data to forecast how the Federal Reserve will respond to anticipated inflationary pressures from administration policies, including tariffs, deregulation, and tax reform.
The focus remains on U.S. jobless claims data. Economists polled by Reuters forecast around 224,000 claims for the week ending December 21, up from 220,000 claims in the week ending December 14. If jobless claims figures rise significantly, this will put pressure on the USD, and the gold market may start trading with a slightly positive trend. And vice versa. However, Ben does not talk about growth based on these numbers. Theoretically, as prices approach strong resistance levels, selling pressure seems stronger. Be careful!
From a technical perspective, the price has the potential to rebound from any nearby strong level, which could lead to a subsequent decline. A key level to watch is 2620. If the bears manage to break this level and maintain their position below it, the overall selling pressure may intensify, likely resulting in a further price drop. The anticipated decline is expected to reach the range of 2,605–2,600 before setting up for any additional downward moves.
Best regards,Bentradegold!
Wishing everyone a joyful holiday season and a productive New Year 2025!
XAUUSD 30/12/24Our final gold markup before 2025 arrives and we transition into a new trading year! As expected, the Christmas period brought low trading volume, which leads us to review the setups from last week. With the New Year approaching quickly, we anticipate volume will remain low until 2025. Here’s last week’s text for additional context.
XAUUSD Analysis
Last week, we began with a bullish bias, but our outlook quickly shifted to bearish by Monday's close. This shift led to the significant downside movement observed during the latter half of the week, driven by fundamentals. We saw a substantial run targeting the lower levels, which brings us to today’s bias, which remains bearish.
Currently, we are focused on the three liquidity lows as our primary targets. As always, we look to the highs within the range to provide optimal entries for these targets. At the moment, there is a high in the middle of the range, but we are prioritizing the higher, more favorable highs for potential short positions. If an entry aligns with our plan, this could lead to the final sell-off of the week before the New Year approaches.
Trade safe and stick to your plan.
Gold conquering the $3,000/ounce mark is possible.China and India, the world’s two largest gold consumers, are also facing domestic challenges that could dampen demand for the precious metal. In China, a weaker yuan and a sluggish recovery from the pandemic have made gold less attractive. India, the number two gold market, is also facing similar challenges, with a recent currency devaluation eroding its purchasing power, making dollar-denominated gold more expensive domestically. That’s particularly worrying because India accounts for more than 25% of global jewelry demand.
Recently, the news that US President Joe Biden proposed to increase arms aid to Ukraine caused gold prices to surge due to safe-haven demand. However, immediately after that, gold prices were under pressure to decrease as the market waited for signals from the new economic policies of the administration of President-elect Donald Trump and the interest rate decision from the US Federal Reserve (Fed).
The world gold price has increased by about 28% since the beginning of the year, reaching a peak of 2,790 USD/ounce at the end of October. This precious metal is still considered an effective risk hedging tool, especially in the context of escalating geopolitical tensions. However, gold becomes less attractive in a high interest rate environment.
USD is recovering because of hawkish policiesLast week, the global gold market had a quiet trading week, with prices capped at $2,650/ounce. This week, gold prices are also expected to remain flat due to the tug-of-war between safe-haven demand and pressure from the recovery of bond yields and the greenback.
Speaking about gold's movements in 2025, City Index market analyst Fawad Razaqzada said that although the US dollar and higher bond yields could negatively impact gold, there are still some supporting factors that could help the precious metal reach $3,000/ounce.
The expert explained that amid persistent inflation concerns, the US Central Bank is expected to be more cautious in its interest rate decisions next year. This is likely to support bond yields and the US dollar, two factors that often reduce the appeal of gold.
Higher bond yields have a significant impact on investment demand for the yellow metal, as they increase the opportunity cost of holding these non-yielding assets. “At the same time, the greenback’s resilience, supported by hawkish central bank policies and strong economic data, makes gold more expensive for buyers holding other currencies. These dynamics could limit gold’s upside potential in the first half of next year.”
🔥 XAUUSD SELL 2625 - 2628🔥
💵 TP1: 2620
💵 TP2: 2610
💵 TP3: OPEN
🚫 SL: 2637
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd.
USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure.
A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside.
Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better!
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Gold Price Action Final Analysis of the Year:
As I wrap up my analysis for the year, here’s my take on the gold market. Gold initially made a Rally-Base-Rally (RBR) move 📈 but failed to create a new rally, shifting into a Rally-Base-Drop (RBD) pattern. This has transitioned into a Drop-Base-Drop (DBD) phase 📉, indicating a high probability that gold will drop further from the current base zone (entry point).
Always remember to manage your risk ⚖️ carefully.
Wishing you all the best in your trading and a Happy New Year! 🎉
Bearish drop off overlap resistance?XAU/USD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 2,632.65
Why we like it:
There is an overlap resistance level.
Stop loss: 2,655.19
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 2,593.01
Why we like it:
There is a pullback support level.
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GOLD IN CORRECTION FOR SELLOnly weekly is in buy but it give sub choch for sell which is day sell CHOCH
in day retracement also gives day sub choch for sell
now gold in day sub choch retracement confirm point strgy
if above 2608 it will continue to 2650-2660 which is day sub choch 50% fibo zone then
if we got 4hrs revers sell point on there we can place sell order on there other wise we must wait 2717-2725 extreme sell area(day sub choch OB) then we place aggressive entry on there
if market opens below 2608 our buy entry should be 2587 sl 2580 and sell analysis will be same
week=BUY
Day= sell and Retracement buy
4hrs-15mins-1min=buy
THIS ANALYSIS MAY CHANGE AFTER MARKET OPENS
HelenP. I Gold can break support level and fall to trend lineHi folks today I'm prepared for you Gold analytics. Some time ago, the price broke the resistance level, which coincided with the resistance zone, and rose to 2720 points, after which it made a strong impulse down to the support level, breaking the resistance level. Next, the price turned around from the 2610 level and started to grow, and when it almost reached the resistance level, Gold made a correction to the support level. After this, the price turned around and in a short time rose to the resistance level, broke, and later rose to the trend line. Then the price turned around and started to decline, so, in a short time it fell to the 2675 resistance level, broke it, and continued to fall next. Gold declined to the support level and even broke it and fell lower even support zone. But soon it turned around and rose to the trend line, after which it broke this line and continued to move up. Recently XAU dropped to the support level and now trades close to it. For this case, I expect that XAUUSD will make a small move up and then continue to decline to the trend line, breaking the support level. That's why I set my goal at 2575 points. If you like my analytics you may support me with your like/comment ❤️
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 2639 and a gap below at 2617. We will need to 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
2639
EMA5 CROSS AND LOCK ABOVE 2639 WILL OPEN THE FOLLOWING BULLISH TARGET
2666
EMA5 CROSS AND LOCK ABOVE 2666 WILL OPEN THE FOLLOWING BULLISH TARGET
2691
EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET
2719
BEARISH TARGETS
2617
EMA5 CROSS AND LOCK BELOW 2617 WILL OPEN THE FOLLOWING BEARISH TARGET
2593
EMA5 CROSS AND LOCK BELOW 2593 WILL OPEN THE SWING RANGE
SWING RANGE
2570 - 2551
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