Gold broke the down trend and retesting it (bullish)Prices is currently above the 200 MA, I also see the price broke the down trend and is retesting The price is currently above the 200 MA. I also noticed that it has broken the downtrend and is now retesting it. If the price breaks through the bearish order block (OB) and successfully retests it, I anticipate it will continue moving upwards and potentially reach the top.
What are your thoughts? Let me know in the comments
Goldmarket
XAU/USD H4The XAU/USD pair appears poised for a bullish trend in the near future. After a brief pullback to retest a key support zone and trendline, it is expected to resume its upward momentum, presenting an excellent opportunity for long positions. Traders should monitor these levels closely for confirmation of the trend continuation.
Start going long goldBros, yesterday I emphasized that the key resistance area for gold in the short term is in the 2720-2725 area. Starting from today's London market, gold is just suppressed below 2720 and is currently fluctuating in the 2720-2700 area. In fact, at this time, whether we participate in long or short transactions, we have no way to make a move!
According to the current decline, gold is just profit-taking, and it is not sold off. If gold is sold off, the decline will be far more than that. So it is not completely certain that gold will return to the short trend. So the bulls still have the ability to fight back.
The 2705-2695 area below is the last line of defense for the bulls. If gold falls below this area, then gold may be sold off and continue to fall. But before a break below this support area, we have one more opportunity to go long gold.
If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold Market Trend Analysis for December 12, 2024: Opportunities Current Gold OANDA:XAUUSD Price Situation
Gold is currently trading around $2,713, maintaining its upward trend in both the medium and short term. After breaking through the key resistance level at $2,700, the market is now approaching the next significant resistance at $2,732. This zone is critical and will determine whether the price continues to rise or faces rejection and adjusts downward.
Trading volume on the 4-hour chart has increased during price surges, indicating active participation from buyers. However, sellers are also waiting to act at higher price levels.
Technical Analysis
Here are the key highlights of the current gold trend analysis:
Market Trend:
Primary trend: Upward.
Key support levels: $2,700 (MA50) and $2,696 (Fibonacci 50%).
Resistance: $2,732 (previous peak).
Fibonacci Retracement:
The price is trading near the 38.2% - 50% retracement levels of the move from the $2,660 low to the $2,732 high.
Strategy : Wait for the price to retrace to $2,710 (Fibonacci 38.2%) to buy.
RSI Indicator:
RSI is currently at 65, not yet in the overbought zone. However, if RSI hits 70 at $2,732, the chances of a correction will increase.
Bollinger Bands:
The price is approaching the upper band of the Bollinger Bands at $2,732, indicating strong upward momentum. If the price fails to break through, it may pull back to the middle band ($2,710).
MACD and EMA:
MACD is positive, with the signal line above 0.
EMA 50 at $2,700 continues to act as dynamic support for the upward trend.
Market Scenarios
Scenario 1: Price Continues to Rise (Breakout)
If the price breaks the $2,732 resistance with strong volume, it is likely to rise further to $2,750.
Trading Strategy:
Buy when the price closes above $2,732.
Stop Loss: $2,720.
Take Profit 1: $2,750.
Take Profit 2: $2,760.
Scenario 2: Price Rejected at Resistance
If the price is rejected at $2,732, a pullback to the $2,710 or $2,700 support level may occur.
Trading Strategy:
Sell near $2,732 if reversal signals like Pin Bar or Doji candles appear.
Stop Loss: $2,740.
Take Profit 1: $2,710.
Take Profit 2: $2,700.
Scenario 3: Price Pulls Back to Support and Bounces
If the price retraces to the $2,700 support level and holds firm, this could be an opportunity to buy along with the trend.
Trading Strategy:
Buy at $2,700.
Stop Loss: $2,688.
Take Profit 1: $2,732.
Take Profit 2: $2,750.
Advice for Traders
Practice Careful Risk Management:
Limit risk per trade to no more than 2% of your account.
Monitor Economic News:
Key economic data, such as Fed interest rate decisions or CPI, will significantly impact gold prices.
Wait for Confirmation:
Avoid emotional trading and only enter trades with clear signals at critical price zones.
Continue to buy goldAs I mentioned in my last article, gold will continue to rise. We went long on gold near 2662 in the last transaction and closed the transaction by hitting TP: 2676 for profit, easily earning 140 Pips, a very successful transaction!
At present, gold has risen to a maximum of around 2679, breaking yesterday's high in one fell swoop. The hourly level M top suppression has been ineffective, and the rising pattern remains intact. At present, gold still has the momentum and space to continue rising, so gold may still rise or even try to touch around 2690. , then we can just follow the trend and go long gold in trading.
Of course, we can't chase gold directly, but because gold has a small retracement space during the rise, we can't expect too much retracement before going long on gold, and the short-term support area has moved up to the 2670-2660 area, so we can go long on gold based on this support area.
Bros, do you continue to be bullish on gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Friends who hold short positions in gold, what should we do now?Bros, gold once rose to around 2676, but fortunately it has started to fall back now. To be honest, today's gold trading is in trouble. I originally wanted to short gold around 2660 now, and then go long gold around 2645 after gold fell back. However, gold only touched 2653 several times during the decline and then rebounded again. So I have held my short position until now, and then added the same position around 2675 to continue shorting gold. Once put me in a passive position in today's gold trading.
The better thing now is that gold has started to fall back to around 2668. Although I still have floating losses, it is much better than just now! Come on, brothers! We still have hope for turning losses into profits, so wish us good luck!
Bros, do you think my gold short position still has a chance to turn losses into profits?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD TO CONTINUE IN BEARISH CYCLE Gold has been in a bear market since its ATH of $2,790 back in late October, as my previous gold post stated there was an opportunity for a short against gold which could see potential returns of around 7-8% in just 60-90 days (prediction generated using trend cycle AI tools).
I have slightly adjusted key level's after spending some more time utilising MTFA, the key levels are clearer now, i have also left to Fib tool on my charts to purposely show you the targets i expect gold to reach.
These are major levels, other traders will also be trading to these targets influencing the market in the direction we need it to go as a short seller.
Key levels:
Entry: $2,646
SL: $2,680 (just above recent key level to act as a barrier)
1st TP: $2,535
2nd TP: &2,470
Profits would be locked in along the way, using the TP's i have just listed out. I would also bee inclined to move stop to entry at $2,600 to remove risk all together, at this point i would be convinced enough of a complete cycle change into a complete bear market.
First short gold, then go long gold!Bros, this week's new trading journey begins from now!
Gold rebounded again under the support of safe-haven buying, and now it has reached around 2658. To be honest, gold is currently in a relatively obvious upward arrangement, and there is still room for gold to continue to rise.
However, overall, gold has not yet escaped the scope of shocks, so it is not good to directly chase gold near 2658, and the current strength of gold's rise is not firm. Gold needs to fall back to increase the liquidity of gold bulls, so we might as well consider trying to short gold with 2660-2670 as resistance, and wait for gold to fall back to the appropriate area before participating in long gold!
Bros, let's try to short gold first, and then wait patiently for gold to fall back before re-participating in long gold!If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAU/USD 06 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity.
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Continue to short goldBros, today we shorted gold near 2647 with 2650-2655 as resistance according to the trading plan. The object closed the gold short position manually near 2636 and gained 100 pips, which is a good result.
Just now, gold rebounded from 2632 and has now reached 2657. I still shorted gold again near 2654 as planned. Although gold touched near 2657 during the violent fluctuations, it did not stand strong, so it did not prove the effectiveness of its breakthrough. Moreover, it also faced resistance in the 2660-2665 area above, so gold may face another correction in the short term, it will retrace at least to the 2648-2645 area.
So we can still try to short gold again in the short term, and I have already shorted gold near 2654. Wish us good luck! Bros, did you follow me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Waiting for opportunities to continue shorting goldBros, gold is still operating within the oscillating range of 2630-2655, and has not made any breakthrough moves. Gold is currently trading around the mid-range position of 2641. Currently, gold is trading around the mid-waist position of 2641. To be honest, the mid-waist position is not very easy to participate in trading, because gold has room for fluctuations up and down, at least it is not easy to set SL in the execution of transactions, so we can still wait patiently for trading opportunities.
From the perspective of gold structure, gold is still relatively weak, so I still prefer to short gold in trading, so if gold can rebound to the 2650-2655 area, I will continue to try to short gold.
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD 1HR CHART UPDATEGold 1HR Chart Update ✅✅
The market has made a decisive move, taking out the Buyside Liquidity 🔥. This highlights the precision and predictability of the price action as it sweeps through key levels.
Traders who anticipated this move are now positioned to capitalize on the shift in liquidity. With such precision, it’s a clear reminder of the importance of patience and analysis in navigating the market.
Stay focused—more opportunities are unfolding ahead!
Next, how to grasp gold trading and make money!Bros, today I shorted gold near 2650 according to the trading plan. Although gold once rose to around 2655 during the period, as gold fell sharply to around 2635 in the short term, it was obvious that our short position was closed by hitting TP: 2637. In this short transaction, I made a profit of more than $6K, which is a good trading result.
From the current gold structure, gold closed above 2630 many times during the decline. It can be clearly seen that a certain amount of buying support has accumulated in the 2635-2630 area; but in the absence of rebound strength, if gold cannot effectively break through the 2655-2665 area, gold is still in a relatively weak position.
Therefore, in terms of short-term trading, if gold cannot break through the 2655-2665 area, we can still continue to short gold based on this resistance area; but what we must be careful about when executing transactions is that once gold strongly breaks through the 2655-2665 resistance area, Gold may also continue to rebound to the 2670-2680 area.
Bros, do you know how to correctly grasp the rhythm of gold trading? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
XAUUSD LAST WEEK FEDERAL RESERVESLast week, the Federal Reserve's preferred inflation measure was the newly announced personal consumption expenditure index (PCE). PCE increased 2.8% over the past 12 months, higher than expected.
The US central bank indicated in its latest meeting minutes that higher-than-expected inflation could force it to adjust the pace of its easing cycle. The market still predicts the Fed will cut interest rates by 25 basis points in December and will continue cutting until early 2025.
In addition to Trump's social media posts, markets will focus on key economic data this week such as jobs data. If the employment situation is not as expected, gold prices may increase again. A stronger labor market could make an interest rate cut unlikely this month.
GOLD SPIKES AMID Gold spikes amid tensions but can't shake off weekly losses☄️
➡️Gold gains 0.67% in late session, but geopolitical strife keeps it above $2,600 despite monthly losses.
Escalation in Russia-Ukraine conflict and Middle East tensions underline Gold's safe-haven appeal.
Market optimism grows for a 25 bps Fed rate cut in December, bolstering Bullion’s short-term prospects.
➡️Gold's price advanced late during the North American session on Friday, up by 0.67%, yet it remains set to print monthly losses of over 3%. Geopolitical risks continue to drive price action with the non-yielding metal fluctuating at around $2,600. The XAU/USD trades at $2,652 after hitting a daily low of $2,634.
➡️Geopolitical tensions eased in the Middle East after Israel and Lebanon agreed to a ceasefire. Nevertheless, both countries accused each other of violating the agreement.
XAUUSDgold is fall almost over 2700 pip from 2780 right aftre the election day on usa, my analysis may easy to understand hope fully. yesterday took a long and got out with 200 pip. looking for one lit down to bounce back long postion, depend how market move.
what you all think of today end of the week?
comment in below.
XAUUSDwednesday was great 230 pip to the ground and yesterday was also bos easy to pull down 130 pip 2735 entry to direct 2723 what a trade. well what i see now in the chart clearly i explained to understand even if ppl are new, if not then need education only. im still looking for a short on gold. what you all think let me know in the comment.
XAUUSD (Gold) Price Analysis: Potential Downside Breakout📉 XAUUSD (Gold) Price Analysis: Rectangle Formation on D1 Timeframe, Potential Downside Breakout
Gold (XAUUSD) is trading within a rectangle formation on the D1 timeframe , which typically signals consolidation before a significant price move. While the price remains range-bound, there’s a high probability of a downside breakout , with critical targets at $2,580 and $2,490 . Here's a detailed analysis of the setup:
🔲 What is a Rectangle Formation?
A rectangle formation occurs when the price moves between two horizontal levels, creating a box-like pattern 📊. This shows a period of indecision in the market, where neither buyers nor sellers are in control. A breakout typically happens when the price moves decisively above or below the rectangle.
🔻 Downside Breakout Targets
Gold breaking below the rectangle's lower boundary could signal a bearish trend continuation. Here are the critical downside targets to watch:
1. First Target – $2,580 :
A downside breakout would likely drop the price to $2,580 , the first central support zone and a logical profit-taking area for short-sellers.
2. Second Target – $2,490 :
Should bearish momentum persist, the next target would be $2,490 , a deeper support level where further selling pressure could ease.
⛔ Stop Loss – $2,702
A stop loss at $2,702 is recommended for those considering a short position. This level is just above the upper boundary of the rectangle and would invalidate the downside scenario if breached.
🚀 Upside Breakout Target
If gold breaks out above the rectangle, bullish momentum could push prices toward $2,841 . This would signal a strong reversal, and traders should consider this level the next significant resistance zone.
🔍 Factors to Watch
Several factors could influence the direction of the breakout:
Inflation Data : Higher inflation tends to support gold prices as a hedge, increasing the likelihood of an upside breakout.
US Dollar Strength : A stronger dollar could weigh on gold, favoring a downside breakout.
Geopolitical Events : Uncertainty in global markets can boost safe-haven demand for gold, potentially triggering an upside move.
🛠 Trading Strategy
For traders looking to capitalize on the potential breakout, consider the following:
Downside Setup : If gold breaks below the rectangle, short positions with targets at $2,580 and $2,490 may offer solid risk/reward opportunities, with a stop loss at $2,702 .
Upside Setup : In the case of an upside breakout, targeting $2,841 could provide a good opportunity but ensure that risk is managed carefully.
💡 Conclusion
Gold’s rectangular formation in the D1 timeframe suggests a significant price move is on the horizon. While the likelihood of a downside breakout seems stronger, with targets at $2,580 and $2,490, traders should remain alert to the possibility of an upside breakout towards $2,841. Proper risk management, including a stop loss of $2,702, will be crucial in navigating this market opportunity.
🔔 Stay updated with real-time price action to make the most of this technical setup.
Share your opinion in the comments.....
Gold Price Analysis: Symmetrical Triangle Formation Signals $$##📈 Gold Price Analysis: Symmetrical Triangle Formation Signals Potential Breakout
Gold trades within a symmetrical triangle formation on the H1 timeframe, and traders are closely monitoring for a potential breakout. This technical pattern, known for its converging trendlines, often signals an impending price breakout, either upward or downward. Here's what to watch for:
🔺 What is a Symmetrical Triangle?
A symmetrical triangle is a continuation pattern in which the price forms lower highs and higher lows , creating two converging trendlines 📊. The market's indecision builds tension, often leading to a significant breakout in either direction as the price consolidates.
🚀 Key Breakout Levels for Gold
As gold continues to move within this symmetrical triangle, there are two potential breakout scenarios:
📈 Upside Breakout Target – $2,693:
If gold breaks out above the upper trendline of the symmetrical triangle, we can expect bullish momentum to push the price toward the $2,693 level. This would indicate a continuation of the upward trend, attracting buyers and potentially setting the stage for further gains.
📉 Downside Breakout Target – $2,614:
On the other hand, a break below the lower trendline would signal a bearish move, with the next potential target around $2,614 . This downside breakout would indicate a reversal or pause in the recent bullish trend, likely driving selling pressure.
🔍 Factors to Watch
Several factors may influence gold’s price action and the potential breakout direction:
🌍 Geopolitical tensions and market uncertainty drive safe-haven gold demand, potentially pushing prices higher.
💵 US Dollar strength: A stronger dollar could weigh on gold, increasing the likelihood of a downside breakout.
📉 Interest rates and inflation expectations also play a role, as rising rates could limit gold’s appeal as a non-yielding asset.
🛠 Trading Strategy
Traders should consider waiting for a clear breakout above or below the symmetrical triangle before entering a position. A decisive move beyond these key levels— $2,693 for an upside breakout or $2,614 for a downside breakout—could offer strong trading opportunities with defined risk levels.
💡 Conclusion
The symmetrical triangle formation on the H1 timeframe indicates that gold is on the verge of a significant move. Monitoring key breakout levels, market sentiment, and external factors like the dollar and interest rates will be crucial in navigating this potential opportunity. Whether gold breaks out to the upside or downside, traders should be prepared for a substantial price move towards $2,693 or $2,614.
🔔 Stay updated with the latest prices and market developments to capitalize on this technical pattern.