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GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, Please see the daily chart update we have been trading and tracking for a while now, to give you all an overall view of the range. We are still seeing price play in the retracement range and expect this range to provide support with the lowest in the range we can see 2560 and support above this level should provide bounces to chase targets above. We now also have a body close above 2629 opening 2686 gap and will need ema5 lock to further confirm this. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the 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 using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops like this, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, Please see update on our monthly chart idea for our long term/range analysis. Beginning of the month we stated that this month also started with a detachment to ema5 below for a correction, which was also highlighted with a small mini circle on the chart for visual purpose. - This detachment to ema5 was completed perfectly. We also stated that the area above 2589 is a strong level of support with ema5 providing dynamic support now for a bounce. - This also played out perfectly with ema5 providing dynamic support and above our 2589 support level for the push up, perfectly hitting our axis target 2702. We now have two days for month end and will need a body close above 2702 for confirmation for a further continuation or a body close below 2589 to confirm the channel top test below. However, if price closes this month in this range without the body closes, then we are likely to see play between this range for another month with not much detachment on the next monthly candle to ema5, which means the likely dynamic support should be provided by ema5 from the beginning of the month. We will continue to use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gaps above. Short term we may look bearish but looking at the monthly chart allows us to see the bigger picture and the overall long term Bullish trend. 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
FOREXCOM:XAUUSD
by Goldviewfx
6
I recommend buying at the current price with a stop-loss order Analysis: The current price of gold is hovering around 2615.980 USD. A closer look at the 4-hour chart reveals a few key observations: Price Action: The price has been consolidating within a defined range for the past few days. The yellow line indicates my predicted future price move. Support and Resistance: I have identified several significant support and resistance levels on the chart. These levels have acted as areas of price congestion in the past and are likely to continue to influence price movement. Moving Average: The 50-period SMA (Simple Moving Average) is currently providing support to the price. Prediction: I think the price of gold is likely to remain within the current range in the near term. A break above the upper resistance level could signal a bullish breakout, while a break below the lower support level could indicate a bearish move. However, I think the price is more likely to move upwards, as indicated by the yellow line. Next Steps: I will continue to monitor the price action of gold closely and adjust my analysis as needed. I will also be paying close attention to any news or events that could impact the price of gold. Recommendation: For traders looking to capitalize on a potential upward move in the price of gold, I recommend buying at the current price with a stop-loss order placed below the lower support level. For those who are risk-averse, I recommend waiting for a clear breakout above the upper resistance level before entering a long position.
OANDA:XAUUSDLong
by Amelia9846541
4
GOLD - 2025 Forecast - Technical Analysis & Trading Ideas! 2025 forecast: While the price is above the support 2475.27, resumption of uptrend is expected. We make sure when the resistance at 2789.95 breaks. If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 2726.10 on 12/12/2024, so more losses to support(s) 2582.31, 2527.50 and minimum to Major Support (2475.27) is expected. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (2527.50 to 2475.27). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (2527.50) Ending of entry zone (2475.27) Take Profits: 2582.31 2644.20 2721.30 2789.95 2850.00 2900.00 2950.00 3000.00 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
FX:XAUUSD
by ForecastCity
6
How to Identify a Bearish Reversal in Gold Trading In this article, I will explain to you 4 efficient strategies to identify a bearish reversal with technical analysis in Gold trading. You will learn price action, SMC and technical indicator strong bearish signals. First, let me remind you that different bearish signals may indicate a different magnitude and a degree of a potential reversal. While some signals will be reliable for predicting short term reversals, some will be more accurate in projecting long-term ones. One more thing to note is that one of the best time frames for bearish reversal confirmations on Gold is the daily . So, all the cases that will be explained will be on a daily time frame strictly. XAUUSD Bearish Reversal Signal 1 - Bearish Price Action Pattern. One of the perfect indicators of the overbought state of a bullish trend on Gold is bearish price action patterns. I am talking about classic horizontal neckline based patterns like head & shoulders, inverted cup & handle, double/triple top and descending triangle. Typically, these patterns leave early bearish clues and help to predict a coming downturn movement. A strong bearish signal is a breakout of a horizontal neckline of the pattern and a candle close below. The price may continue falling at least to the next key support then. Above is the example of a head and shoulders pattern on Gold, on a daily. Its formation was the evidence of the overheated market. Bearish breakout of its neckline confirmed that, and the price continued falling. Bearish Reversal Signal 2 - Rising Channel Breakout. When the market is trading in a healthy bullish trend, it usually starts moving with the boundaries of a rising channel. It can be the expanding, parallel or contracting channel. Its support will represent a strong vertical structure, from where new bullish waves will initiate after corrections. Its breakout will quite accurately indicate a change of a market sentiment and a highly probable bearish reversal. Look at this rising parallel channel on Gold chart on a daily. The market was respecting its boundaries for more than 3 months. A bearish violation of its support was an accurate bearish signal that triggered a strong bearish movement. Bearish Reversal Signal 3 - Change of Character & Bearish Price Action. One of the main characteristics of a bullish trend is the tendency of the market to set new higher highs and higher lows. Each final high of each bullish impulse is always higher than the previous. Each final low of each bearish movement is also higher than the previous. In such a price action, the level of the last higher low is a very significant point. The violation of that and a formation of a new low is an important event that is called Change of Character CHoCH. It signifies the violation of a current bullish trend. After that, one should pay attention to a consequent price action, because CHoCH can easily turn into just an extended correctional movement. If the market sets a lower high and a new lower low then, it will confirm the start of a new bearish trend. That is the example of a confirmed Change of Character on Gold on a daily. To validate the start of a new bearish trend, we should let the price set a lower high and a form a bearish impulse with a new lower low. Bearish Reversal Signal 4 - Death Cross. Death cross is a strong long-term bearish reversal signal that is based on a crossover of 2 moving averages. On a daily time frame, it is usually based on a combination of 2 Simple Moving Averages: one with 50 length and one with 200 length. The signal is considered to be confirmed when a 50 length SMA crosses below 200 length SMA. It is commonly believed that it signifies that the market enters a long-term bearish trend. On the chart, I plotted 2 Moving Averages. When the blue one crosses below the orange one, a global bearish trend on Gold will be confirmed The 4 bearish signals that we discussed will be useful for predicting short term, mid term and long term bearish reversals on Gold. While price action patterns will indicate local bearish movements, Death Cross will confirm a global trend change. Learn to recognize all the signals that we discussed to make more accurate trading and investing decisions. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
11
Gold price has 50% chance of being in the range of 2,600-2,900At the beginning of the trading session on December 26 (US time), the world gold price increased slightly after the US announced that the number of weekly unemployment benefit applications reached 219,000, a slight increase compared to the forecast of 218,000 applications. This further strengthens the possibility that the US Federal Reserve (Fed) will delay monetary policy next year. The world gold market is still under pressure in the context of the Fed's reversal of monetary policy. Accordingly, in the context of "persistent" inflation, the US Central Bank's interest rate cut roadmap may slow down next year. While the interest rate stance is boosting the dollar and bond yields, experts say that won’t deter investors from owning gold in their portfolios. Tom Bruce, macro strategist at Tanglewood Total Wealth Management, forecasts the precious metal will rise about 10% next year and stay below $3,000 an ounce. He said the biggest short-term challenge for gold in 2025 is the expected strong growth in the U.S. economy. However, gold prices will remain supported as central bank purchases create new momentum in the market.
TVC:GOLDShort
by FalCol_TradingMaster
World gold prices have not changed muchIn its Commodity Outlook 2025 report, TD Securities analysts noted that the Fed's rate-cutting cycle, geopolitical uncertainty and strong central bank demand for gold have pushed gold prices to record highs this year, but capital flows have not provided strong support. "There is no shortage of compelling macro stories that have fueled gold's rally in recent months ahead of the US election. However, the gold rally has not been supported by capital flows. Modules have maintained a 'maximum buy' status since August, confirmed by the largely unchanged COT report. In Shanghai, traders have sold nearly 35 tonnes of nominal gold in recent weeks as domestic investment opportunities have become more attractive. Gold buying has been driven largely by traditional ETFs and China. Fund managers have largely eliminated short positions. At the same time, rising US dollar and US interest rates have reduced the attractiveness of gold to Western capital inflows in the short term."
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD FURTHER SELL OFF?! (UPDATE)I am expecting a ‘complex correction’ of the Elliott Wave Theory, to complete the correction on Gold. So a 5 Sub-Wave pattern (A,B,C,D,E). This correction should push the price down towards $2,240 roughly. We can then look to start buying Gold again at cheaper prices. At the most extreme, if the bigger institutional firms want to really shake people out of buying Gold before it creates new high’s towards $3,200+, I would not rule out the possibility of price dropping towards $1,960 as an extreme target.
OANDA:XAUUSDShort
by BA_Investments
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 1H chart idea from Sunday. We are still seeing sideways movement in the market. Generally when this happens, market leaves gaps open in both directions, which is typical of ranging market. We got our bearish target hit at 2618 and now left a open gap below. We also saw attempts to our bigger bullish gap above at 2647 and still remains open. We are comfortable buying dips from the retracement range, as part of our plans to buy dips rather then chasing the full target. Should we get the full open bearish gaps complete first, we will use the gap levels below to buy dips. 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 2647 EMA5 CROSS AND LOCK ABOVE 2647 WILL OPEN THE FOLLOWING BULLISH TARGET 2668 EMA5 CROSS AND LOCK ABOVE 2668 WILL OPEN THE FOLLOWING BULLISH TARGET 2691 EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET 2719 BEARISH TARGETS 2618 - DONE EMA5 CROSS AND LOCK BELOW 2618 WILL OPEN THE FOLLOWING BEARISH TARGET 2595 EMA5 CROSS AND LOCK BELOW 2595 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
OANDA:XAUUSD
by Goldviewfx
8
Gold breaks through the upward channel Gold ended its narrow adjustment trend in the Asian session after the opening of the European session today. The price continued to weaken in the short term. After a brief battle between long and short positions at 2625 in the US session, the price finally broke through the channel, announcing that the bears dominated the market. It is expected that the market will enter an adjustment phase after short-term heavy volume weakening. The 2610 first-line support is at the bottom, and the 2625 first-line resistance is at the top. Overall, gold's trend today is also in line with high-altitude trading expectations. Continue to short under the pressure of 2625 to be adjusted later.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Gold adjusts in a narrow range The recent trend of gold has changed from rising to wide fluctuations. After a sharp drop in the recent period, it has entered a rebound and repair stage, but the pressure from the previous high point still exists. The short-term trend of gold rebounded and pulled up at the 2583 line, forming an upward channel. The resistance of the 2638 line above is under pressure. If it breaks through here, the market will test the 2655 line in the future. The price level has risen slowly in recent days, and the overall performance is still in an extremely weak stage. At present, the trend of the Asian session is narrowing, and the European session is opening low. At present, the trend of the Asian session is narrowing, and the European session is opening low. If the gold price in the European market continues to weaken and falls below the 2620 line, the opening of the US market is expected to form a wave of accelerated decline, testing around 2600 and 2585. In terms of operation, it is recommended to short at highs.
FOREXCOM:XAUUSDShort
by RonPeter_Trading
Gold market trading strategy analysis: Spot gold is trading sideways and is currently trading at $2,620 per ounce. The support pressure level is short at high levels and long at low levels. The pressure level is 2642 and the support level is 2613. After breaking through the 2,620 area again in the early Asian session on Thursday, it rose sharply again as expected, breaking through the new high in the early session. The European session was trading sideways, and after a slight pullback in the US session, the bulls exerted their strength again and rushed to the 2,638 position! As long as it breaks through a new high again within the day and does not pull back if it is strong, the current high will be the subsequent low! Focus on the two points above 2,642 and 2,650 during the day, and the breakthrough of these two points is also a matter of time. Gold trading strategy: Buy gold directly near 2620, with targets at 2642, 2650, and 2664; if it touches 2650, 2664, and 2670 for the first time, you can go short; if it touches 2621, 2618, and 2612, you can buy in batches and go long; more real-time layouts are subject to actual quotes;
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
2
SPY/QQQ Plan Your Trade For 12-27-24: Momentum Rally PatternThe last Friday of the year (2024) should show up as a moderate Momentum Rally in the SPY/QQQ - possibly seeing the SPY target 603 or higher by the end of the day. Gold and Silver are consolidating into a FLAGGING formation. Bitcoin is trapped in a consolidation range (right shoulder) pattern that should break downward over the next 5+ days. This is the time to position your trades for the beginning of 2025 and prepare for moderate volatility as the markets struggle for direction. The Momentum Rally pattern, today, should present a very clean opportunity for skilled day traders. I believe a deeper low is likely to setup between January 15 and January 25, 2025. So, be prepared for another roll to the downside after we get past the New Year. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
4
Gold can drop to support line of wedge, breaking support levelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it. After this, the price rose to 2721 points and then made an impulse down to the support level, which coincided with the support line of the wedge, breaking the resistance level. Next, Gold started to trades inside the range, where it rose to the 2665 resistance level, but then made a correction to the bottom part of the range. After this movement, the price started to grow and reached the resistance level again, and even broke it, thereby exiting from the range and continuing to move up. Price rose to the resistance line of the wedge, turned around, and quickly dropped below the resistance level, breaking it again. Later price fell to the support line of the wedge, breaking the support level, but a not long time ago it rebounded up the top resistance line, breaking the 2605 level one more time. At the moment, I think that the price can rebound from the resistance line and start to decline to the support line of the wedge pattern, breaking the support level. For this case, I set my TP at 2575 points. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
1
GOLD bullish movement continuesThe FOREXCOM:XAUUSD is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TVC:GOLDLong
by CobraVanguard
4
11.26 Gold Market Strategy Analysis: Spot gold is trading sideways at a high level, and is now quoted at $2,630/ounce. The support and pressure levels are high selling and low buying, with a pressure level of 2,642 and a support level of 2,613. Gold opened high in the morning of the Asian session, and tested the support of the 2,608 area on Monday. Gold closed at a high level on Tuesday, and ran above the 2,620 area again in the Asian morning session on Thursday, indicating that the support below is strong, and the support area is still bullish. The prediction and analysis of the Asian morning session showed that the 2,626 area above has been strongly broken, and the breakthrough will continue to look up. The focus of the day is on the 2,633 and 2,642 points above. These two points are also a matter of time. As long as you hold the long order, you can make more money! Yesterday, it was predicted that gold bulls will rise sharply in the Asian morning session today, and we have seen the results! The current highest is the 2,630 area. At this stage, it depends on whether it will continue to follow the analysis of the morning session. Wait and see! In terms of U.S. trading operations, hold long orders in hand. Gold is directly long near 2627. It has now broken through 2626. At this stage, it depends on the two points of 2633 and 2642. If it breaks through, continue to buy long. If it touches 2642 for the first time, you can sell short. See Just go to 2635-33. The U.S. market backtests 2633 and goes long again. Look above 2650! I said yesterday that if the market opens at a normal high, the expected limit of the bulls can be seen in the 2670 area! Gold trading strategy: Buy gold directly near the current price of 2627, with targets at 2642, 2650, and 2664; sell short if it reaches three points of 2642, 2650, and 2664 for the first time; buy long in batches if it reaches three points of 2624, 2621, and 2615; more real-time The layout is subject to the actual offer;
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
2