GDX - Gold Miners ETF: Inverse Head & shouldersGold prices have surged to unprecedented levels in light of recent trade policy changes. The announcement by US President Donald Trump regarding a new 25% tariff on essential imports such as cars, semiconductors, and pharmaceuticals has created a wave of uncertainty among investors. This risk-off sentiment has driven many to seek refuge in safe-haven assets like gold.
Nevertheless, this upward momentum may encounter challenges if a trade agreement with China comes to fruition. A successful deal could alleviate global trade tensions, leading to a decrease in gold demand and possibly resulting in selling pressure.
However sustained high bullion prices could prove to be a significant advantage for gold miners. The GDX ETF is showing a persistent inverse head and shoulders pattern, indicating potential for further gains.
Goldmining
Comprehensive analysis of the heavyweight GOLD (exclusive)Dear traders
As of now, the gold price is 2909.97/ounce, with an increase or decrease of 0.37%, a high of 2915.26, and a low of 2891.4.
technical analysis
There was a big drop last Friday, and the decline continued on Monday to close positive. Today's opening price is between the short-term moving averages MA5 and MA10.
First, pay attention to the support level of last Friday near 2877, and then the low point of 2864 near the rebound last Wednesday.
Pay attention to yesterday’s rebound high resistance level of 2906-2908, and above it is the 2916 pressure level.
Factor analysis:
1. There is still uncertainty in the conflict between Russia and Ukraine. Although there is news of negotiations, the situation is not completely clear. As long as the conflict is not completely resolved, it may trigger risk aversion in the market at any time, leading to an increase in gold prices.
2. The United States faces the dual pressure of high debt and high interest rates, which affects the credit of the US dollar, leading to the continuous purchase of gold by central banks around the world, which will provide strong support for gold prices in the long run.
3. The Fed is expected to enter a rate cut cycle, which resonates with the purchase of funds and pushes up the price of gold.
4. From the perspective of demand, the trend of global central banks buying gold has been extended. In 2024, the demand for gold from central banks of various countries reached 1,044.6 tons. It is expected that global gold reserves will continue to increase in the next 12 months. The growth in demand has room for gold prices to rise.
If you agree with my analysis, please keep paying attention. I will share my views for free later. (David) OANDA:XAUUSD TFEX:GO1!
GOLD 1H CHAR ROUTE MAP & TRADING PLAN FOR THE WEEKGOLD 1H Chart – 17th Feb 2025
Dear Traders,
Here’s the latest 1H chart analysis, outlining key levels and targets for this week trading plan
Gold is currently trading between two critical levels, with a gap above 2905 and below 2878. A confirmed EMA5 crossover and lock above or below these levels will indicate the next price direction. Until then, expect price fluctuations as these levels are tested repeatedly.
Keep in mind that Its president day today in the US and market will remain close today.
Our strategy remains focused on buying dips and monitoring key levels to identify potential bounce opportunities. Stay sharp!
Resistance Levels: 2905, 2920, 2942, 2949, 2972, 2994, 3011
Support Levels: Gold Turn Levels : 2878, 2852, 2837, 2817, 2802, 2776, 2747
Retracement Range: 2802 - 2817
Swing Range: 2747
GOLDTURN LEVELS ARE ACTIVATED!
EMA5 (Red Line) Analysis:
* Currently fluctuating between 2878 and 2905
* EMA5 positioning will be crucial in determining the next trading direction.
Bullish Targets:
EMA5 cross and lock Above 2910 → will open the following bullish Target 2928
EMA5 cross and lock Above 2928 → will open the following bullish Target 2949
EMA5 cross and lock Above 2949 → will open the following bullish Target 2972
EMA5 cross and lock Above 2972 → will open the following bullish Target 2994
EMA5 cross and lock Above 2994 → will open the following bullish Target 3011
Bearish Targets:
EMA5 cross and lock Below 2878 → will open the following bearish Target 2852
EMA5 cross and lock Below 2852 → will open the following bearish Target 2837
EMA5 cross and lock Below 2837 → will open the following bearish Target 2817
EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range)
EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range)
Trading Plan:
* Stay bullish and buy pullbacks from key levels.
* Avoid chasing tops—focus on buying dips.
* Use smaller timeframes for entries at Goldturn levels.
* Aim for 30–40 pips per trade for optimal risk management.
* Each level can yield 20–40+ pips reversals.
Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming.
📉💰 The Quantum Trading Mastery
David's analysis of the latest trend in international goldHello everyone
The current real-time gold price is $2902.77/ounce, with an increase or decrease of 23.4 and an increase or decrease of 0.81%
According to market surveys, 71% of analysts predict that the price of gold will continue to rise this week, 14% of analysts predict that it will fall, and 15% of analysts believe that the price of gold will remain stable, but gold has continued to rise over the past seven weeks, and David predicts that it will continue to rise.
Analysis factors:
The uncertainty of the Trump administration's policies, such as tariff increases and geopolitical conflicts, will promote safe-haven demand and support gold. In addition, the Fed's interest rate cut expectations coexist with inflation risks. If the US fiscal expansion exacerbates inflation, the opportunity cost of holding gold will be significantly reduced, which is conducive to the rise in gold prices
GOLD real-time trading opportunities, the current support below is around 2881-2885, and the upper pressure is around 2915-2920. If it breaks through $2900, you can add more positions
If you agree with my analysis, please continue to pay attention, and I will share my views for free later-(David) TFEX:GO1! OANDA:XAUUSD
Analysis of the latest international gold trend (exclusive)
hello everybody
The current price of gold is US$2,901.33 per ounce, up US$21.96, or 0.76%, from the previous trading day. New York gold is trading at US$2,913.2 per ounce, up US$12.5, or 0.43% from the previous trading day.
Influential factors
1. The hawkish stance of Federal Reserve officials has increased market expectations for interest rate hikes, leading to the withdrawal of funds from the gold market and suppressing gold prices.
2. The situation in the Middle East remains tense, and the conflict between Russia and Ukraine is still ongoing. These geopolitical risks still exist, which may trigger the market's risk aversion demand at any time, thereby driving up gold prices.
3. Global central banks have increased their net gold holdings for 18 consecutive months, and the amount of gold purchased in 2024 has exceeded 1,000 tons for three consecutive years, with strong support on the demand side.
Through the above analysis, the current gold market pressure has been released, and the gold price is still mainly bought at a low price.
If you agree with my analysis, please continue to pay attention, and I will share my views for free later - (David OANDA:XAUUSD ) TFEX:GO1!
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAP UPDATEDWeekly GOLD Analysis: 17th February 2025
Hello Traders,
Here’s a weekly chart analysis of GOLD, offering an in-depth look at recent market trends and future outlook. Since October 2023, our consistent tracking has achieved 100% target accuracy, as shown by the Golden Circle markers on the charts. Let’s break down the highlights and what’s next.
Recap of Last Week’s Successes
Weekly Chart Highlights:
* EMA5 crossed and settled above Entry ✅ 2735 reached
* Bullish Target TP1: 2877 ✅ Achieved
* GoldTurn Levels at 2875 activated twice ✅ Reached
What’s Next for GOLD? Bullish or Bearish?
After hitting ENTRY LEVELS at 2735 and TP1 2877, we saw a small close above 2877 last week, leaving 3018 open as a potential target. We mentioned that an EMA5 lock would confirm this movement.
While EMA5 hasn’t locked yet, the close from last week provided a solid push upward, gaining over 500 pips. The long-term gap remains open, with more movement likely after last week’s candle body close.
Key Level: 2735 remains a critical zone.
GoldTurn Levels at 2875 and 2735 are active, and the price may revisit these levels before bouncing back to reach TP1 and beyond.
Recommendations & Strategy:
* Focus on EMA5: Watch its behavior around 2877 for key signals on short- and long-term trades.
* Support Levels: GoldTurn levels at 2875 and 2735 are vital for identifying reversal points and prime dip-buying opportunities.
* FVG Support: A range between 2835 and 2850 is also supportive.
For precise entry and exit points, check our daily, 12H, 4H, and 1H analyses for clearer market guidance.
We’ll continue to provide daily updates, insights, and strategies on our TradingView and YouTube channels every Sunday. Don’t forget to like, comment, and share to support our work and help others benefit!
The Quantum Trading Mastery
Next GOLD situation analysisDear traders;
The market is changing rapidly, and following the trend is the way to go.
When trading, remember not to act on impulse. I believe many traders have deeply experienced that the more you want to make money, the more rational you need to be. When the floating loss continues to increase, you can't eat or sleep well, and you miss a lot of opportunities in vain. When you have these troubles, you might as well follow my pace to change a trading method, which will definitely make you suddenly enlightened.
If you need help, I will always be here
GOLD closed with a long upper shadow this week. Technically, there is a need to fall back, so it fell back many times this week. The weekly support is near 2856. If it breaks down effectively, there is a probability of going to 2830. If it does not break, it will temporarily fluctuate at a high level, and then choose the direction with the help of major data.
The daily line quickly fell after failing to break the new high twice yesterday, and then fell sharply to the 2876 line, and finally closed down.
GOLD fell below 2900 and fluctuated, which is also in line with the technical correction, so there is no need to panic. The bullish trend has not changed. Although GOLD has experienced a correction this time, David believes that GOLD will inevitably rise after the next cycle. After all, the strong support of the current market is a major factor in driving GOLD upward.
Keep paying attention to the subsequent sharing of views
News affecting gold prices
News:
U.S. officials revealed that the Trump administration has proposed to Ukraine that the United States should obtain 50% ownership of Ukrainian rare earth mines, and said that if a peace agreement is reached with Russia, the United States is willing to deploy U.S. troops in Ukraine. To hedge against geopolitical and economic instability, it is currently believed that the gold market is pricing in increased policy tensions, and gold prices are expected to continue to rise next week.
Viewpoint:
Hedge against geopolitical and economic instability, and the next trading cycle will show an upward trend.
Keep paying attention to the subsequent sharing of views
GOLD 1H CHAR ROUTE MAP & TRADING PLAN FOR THE WEEKGOLD 1H Chart – 12th Feb 2025
Dear Traders,
Here’s the latest 1H chart analysis, outlining key levels and targets for the week.
Gold is currently trading between two critical levels, with a gap above 2905 and below 2883. A confirmed EMA5 crossover and lock above or below these levels will indicate the next price direction. Until then, expect price fluctuations as these levels are tested repeatedly.
Keep in mind that Inflation and CPI data are due today and tomorrow. While fundamental analysis plays a role in predicting gold's movement, our advanced technical analysis is essential for precise entry and exit points during these volatile geopolitical times.
Our strategy remains focused on buying dips and monitoring key levels to identify potential bounce opportunities. Stay sharp!
Resistance Levels: 2905, 2920, 2942, 2963, 2982, 3001, 3021, 3043
Support Levels: Gold Turn Levels : 2883, 2852, 2837, 2817,
Retracement Range: 2802 - 2817
Swing Range: 2747
EMA5 (Red Line) Analysis:
* Currently fluctuating between 2886 and 2905
* EMA5 positioning will be crucial in determining the next trading direction.
Bullish Targets:
EMA5 cross and lock Above 2905 → will open the following bullish Target 2920 ✅Done
EMA5 cross and lock Above 2920 → will open the following bullish Target 2942 ✅Done
EMA5 cross and lock Above 2942 → will open the following bullish Target 2963
EMA5 cross and lock Above 2963 → will open the following bullish Target 2982
EMA5 cross and lock Above 2982 → will open the following bullish Target 3001
EMA5 cross and lock Above 3001 → will open the following bullish Target 3021
EMA5 cross and lock Above 3021 → will open the following bullish Target 3043
Bearish Targets:
EMA5 cross and lock Below 2883 → will open the following bearish Target 2852
EMA5 cross and lock Below 2852 → will open the following bearish Target 2837
EMA5 cross and lock Below 2837 → will open the following bearish Target 2817
EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range)
EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range)
Trading Plan:
* Stay bullish and buy pullbacks from key levels.
* Avoid chasing tops—focus on buying dips.
* Use smaller timeframes for entries at Goldturn levels.
* Aim for 30–40 pips per trade for optimal risk management.
* Each level can yield 20–40+ pips reversals.
Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming.
📉💰 The Quantum Trading Mastery
"Gold (XAUUSD) Bullish Breakout Setup with 2,888–2,900 Target"This chart shows a bullish structure in gold (XAUUSD) on the 1-hour timeframe, with a rounding bottom pattern forming. Multiple break-of-structure (BOS) and change-of-character (ChoCH) points indicate a continuation of the uptrend. The price is currently consolidating near resistance, with a potential breakout targeting the 2,888–2,900 zone. If the weak high is broken, momentum could push higher. Support zones are visible around 2,840 and lower in case of a pullback. OANDA:XAUUSD
Gold Sector Outlook 2025: Is the Golden Era Just Beginning? Gold Sector Outlook 2025: Is the Golden Era Just Beginning? ✨🏆
Introduction
The gold sector is shining brighter than ever in 2025. With prices climbing rapidly amidst global economic uncertainty and rising geopolitical risks, the precious metal is once again a top choice for investors. But what’s driving this bullish momentum, and what should you watch out for? Let’s dig in. 🕵️♂️💰
Trending Sector Performance
🔍 Recent Sector Highlights
Gold Price Surge: Since October 2023, gold prices have surged 53%, recently hitting $2,801 per ounce. Goldman Sachs predicts a $3,000 target by year-end, while J.P. Morgan is a bit more conservative at $2,600—with room to overshoot. 🚀
Mining Output: Industry forecasts show a potential 17% decline in new gold mining supply over the next five years, signaling tighter future supply. This supply squeeze could fuel higher prices. 📉⛏️
Central Bank Demand: Central banks bought 290 tonnes of gold in early 2024, a sign that institutional demand remains strong. Ongoing debt concerns and geopolitical uncertainty are only amplifying gold’s appeal as a safe-haven asset. 🏦🌎
These data points underscore why gold's momentum might just be heating up.
Sector Valuation 📊
The valuation of key gold mining companies suggests opportunities for savvy investors. Here’s a quick snapshot of forward P/E ratios:
Barrick Gold Corp ( TSX:ABX ): 11.79
Barrick Gold (GOLD): 10.09
Gold Fields ( NYSE:GFI ): 8.01
AngloGold Ashanti ( NYSE:AU ): 7.10
Kinross Gold ( NYSE:KGC ): 12.18
With these valuations below broader market averages, the sector shows signs of potential undervaluation. For long-term investors, this could be a golden opportunity. 💡📈
Risk Assessment ⚠️
Like any investment, gold comes with risks:
Price Volatility: While forecasts remain bullish, economic stability or a stronger U.S. dollar could hurt prices.
Supply Constraints: With fewer new mining projects, gold miners may face production challenges if demand accelerates.
Strategic Sector Analysis 🛠️
SWOT Analysis
Strengths:
✅ Strong central bank demand.
✅ Gold’s status as a time-tested safe-haven.
✅ Potential supply constraints pushing prices higher.
Weaknesses:
❌ High operational costs for mining companies.
Opportunities:
💡 Geopolitical instability driving sustained demand.
💡 Mining innovations creating potential for new exploration.
Threats:
🚨 Economic recovery reducing gold’s appeal.
🚨 Higher interest rates diminishing gold’s relative attractiveness.
Key Trends Influencing Gold Prices 📈
Geopolitical Tensions: Uncertainty continues to steer capital towards safe-haven assets like gold.
Monetary Policy: Rate cuts or looser monetary policy could provide further tailwinds for gold prices.
These factors are expected to keep gold at the forefront of investment strategies throughout 2025.
Accuracy and Data Validity ✅
All insights in this article are based on recent data from financial reports, social media sources, and institutional projections, ensuring relevance for early 2025.
Conclusion 🏁
Gold remains a promising investment for 2025. With central bank demand, potential supply constraints, and persistent geopolitical risks, prices may continue their upward march. However, it’s crucial to stay alert to potential economic shifts that could affect the sector’s performance.
What's your 2025 gold price prediction?
🔺 Above $3,000
➡️ Between $2,600 and $3,000
🔻 Below $2,600
discuss in the comments! We’d love to hear your thoughts.
Barrick Gold Corporation ($ABX): Golden Opportunity or Risky
Barrick Gold Corporation (ABX): Golden Opportunity or Risky Prospect? 🏆💰
1/10
Barrick Gold TSX:ABX has seen a solid financial performance recently. EPS for the last quarter hit C$0.42, with next quarter estimates at C$0.63. They beat estimates 75% of the time in the past year. 📈
2/10
Analysts are bullish! The average price target is C$33.57, implying a potential upside of 50.13% from the current C$22.36 price. Strong Buy ratings dominate: 10 Buy, 2 Hold. 🔍 What do analysts know that the market doesn’t?
3/10
However, ABX is facing operational challenges. A suspension in Mali due to government intervention highlights geopolitical risks in mining. 🛑 Regulatory challenges are part of the gold mining game.
4/10
Stock price check: ABX currently trades at C$23.15. That’s 20.94% below its 52-week high of C$29.28 but 21.59% above its low. What does this tell us? Room for recovery, but risks loom. 📊
5/10
Valuation time! Compared to sector peers, Barrick offers an attractive price level, especially given the 50% upside target. Analysts love undervalued plays like this, but what about the risks? 🤔
6/10
Strengths: Barrick operates across multiple countries, ensuring diversified production. That’s crucial in a volatile gold market. 🌍 Diversification is a key defensive strategy here.
7/10
Challenges: High operational costs are always a concern. Pair that with political instability, like the Mali suspension, and ABX faces a steep uphill climb. 🏔️ How much risk are you willing to take on?
8/10
Opportunities: Expansion is always on the table. With gold prices looking stable, Barrick could capitalize on new projects or mines. But timing matters in this market. ⛏️
9/10
Threats: Regulatory and political risks never sleep. Changes in mining laws or political unrest can hit Barrick hard—Mali’s situation is a prime example. Always know your risks. ⚠️
10/10
What’s your take on Barrick Gold TSX:ABX ? Will it strike gold again? Vote here! 🗳️
Buy for the long term 📈
Hold and watch growth 🔄
Too risky, avoid 🚫
XAUUSD: 4/2 Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2850, support below 2746
Four-hour resistance 2830, support below 2800
Gold operation suggestions: Yesterday, the technical side of gold first fell and then rose, ushering in a deep V reshuffle. The European gold price continued to rise and broke through and stood near the Asian session's falling breakthrough point of 2802. The US gold price accelerated its rise in one fell swoop, breaking through the high point of 2817 last Friday and reaching near 2830. After falling under pressure, the closing gold price was near 2813, forming a bottoming and rising trend. After the overall gold price completed the extreme retracement confirmation during the day, it formed a strong bullish rebound.
From the current four-hour analysis, today's lower support focuses on the 2800 integer mark. If it stabilizes at this position during the day, you can continue to buy and look bullish first. The upper short-term resistance focuses on the 2828-30 area. The short-term bullish strong dividing line focuses on the 2800 mark. Before the daily level falls below this position, continue to maintain the bullish pattern.
BUY:2790near SL:2785
BUY:2800near SL:2797
Technical analysis only provides trading direction!
GOLD 1H CHART ROUTE MAP Hey Everyone,
What an incredible day on the charts—smashing all our targets exactly as anticipated!
We kicked off the week by hitting our bearish targets, pulling back into the retracement zone for support. From there, we identified the key weighted level rejection, which fueled a strong bullish push. This move broke past our Entry Level, successfully achieving TP1 and TP2. Now, with EMA5 locked above TP2 (2788), we are closely watching as it heads towards TP3 (2801). Whether it reaches swiftly or after a pullback to the Golden Line support remains to be seen.
With this in mind, we will continue to capitalize on dips, leveraging our updated and weighted levels to track price action and catch profitable bounces. Our strategy remains simple yet effective—buying dips at support and securing 30 - 50 pips per trade. As we've emphasized, each level structure consistently provides 25 - 35 pip bounces, offering excellent entry and exit opportunities. A quick back test of the levels shared in recent weeks will show just how accurately they align with short to mid-term trends and reversals.
Be sure to monitor multiple time frames—many targets have already been hit, while a few are still in progress. Patience is key!
Trade smart, stay disciplined, and trust the process!
The Quantum Trading Master
12H GOLD CHART ANALYSIS ROUTE MAP UPDATEHello Everyone,
Here’s the latest update on the GOLD 12h chart Analysis we’ve been monitoring and trading. Below is a comprehensive breakdown of the current range we’ve been tracking.
However we now have Candle body closing above TP1 (2765) with a gap at 2826. Now we will need ema5 cross and lock above TP1 (2765) to further confirm next bullish target. Otherwise if ema5 rejects this level, price will bounce for MA21 correction or further down to ENTRY LEVEL (2705). We need to look and watch this area carefully.
Now we will have to wait and see the reaction of ema5 either it cross and lock above TP1 (2765) or below, then it will confirm the next direction.
Key Updates:
Strong Resistance level at 2790.
12H chart- MA21 correction is DUE
Key Updates:
Bullish Targets:
TP1: 2765
TP2: 2826
TP3: 2877
If EMA5 cross and love above ENTRY LEVEL at 2765, the next bullish target is TP2 (2826).
If EMA5 crosses and locks above TP2 (2826), it will open the bullish target to TP3 (2877).
Bearish Targets:
TP1: 2708
TP2: 2664
TP3: 2626
If EMA5 reject to cross and lock above 2765 and reverse below this level, it will open bearish target to 2708
If EMA5 cross and lock below ENTRY LEVEL at 2705, the next bearish target will be 2664.
If EMA5 cross and lock below 2664, the next bearish target will be 2626
Short-Term Strategy:
We will use smaller timeframes (1H and 4H charts) to buy dips at weighted levels, aiming for clean 30-40 pips per trade. Ranging markets are ideal for this strategy, avoiding longer holds that risk being caught in volatile swings.
Long-Term Bias:
Our long-term outlook remains Bullish, and we view drops as opportunities to buy dips, using our predefined levels and setups on smaller timeframes.
The QUANTUM Trading Mastery
TORXF breaking out for short term upside to 23 Hello Everyone,
Have spotted a bullish pattern on the chart that can take the prices to 23 in the short while.
Points to note:
> Breaking out from Symmetrical Triangle
> Forming rectangle pattern
> Rising volumes on the breakout.
> Hammer spotted
Important levels:
Support: 19.4 (lower trendline of the triangle)
Resistence: 23 (supply zone confirmed twice previously)
Entry Levels: 20-20.25 (weekly close above the triangle)
Exit Levels: 19.3 or trail with EMA 100 once it breaches 21 levels.
Risk to Reward: Optimal Entry 20 – Target 23 = Almost 4x Reward to Risk
XAU / USD "GOLD vs USD" Metal Market Heist Plan on BullishHola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist XAU / USD "GOLD vs USD" Metal Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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XAUUSD: Today’s Market Analysis and StrategyGold technical analysis
Daily resistance 2700, support below 2580
Four-hour resistance 2653, support below 2622
Gold operation suggestions: Gold rose and fell in the volatile trading yesterday, and was repeatedly pulled. The price of the Asian and European sessions stabilized and rebounded slightly based on the 2634 mark. The European session broke through the 2650 mark and fell into a volatile range. The US session gold price rose again and broke through the 2655 line under pressure and fell, and finally closed at around 2640.
From the current 4-hour line trend analysis, we focus on the 2652-2655 line suppression above, and the 2622 line short-term support below. The focus is on the next level of support of 2606-2612, and keep participating in the operation.
BUY:2634near
BUY:2623near
The strategy only provides trading directions.
Since it is not a real-time trading guide, please use a small SL to test the signal.
In the long-short game of gold prices, where will the Fed go?
Tensions in the Middle East continue to have an impact on the gold market. The exchange of fire between Hezbollah and Israel has cast doubts on the effectiveness of the ceasefire agreement. This uncertainty has prompted investors to seek safe assets, pushing up the safe-haven demand for gold. In addition, Israel's air strikes on Lebanon and mutual accusations of violating the ceasefire agreement have further exacerbated market tensions.
In this case, the demand for gold as a safe-haven asset may increase, especially against the backdrop of rising geopolitical risks. However, fluctuations in market sentiment may also lead to sharp fluctuations in gold prices in the short term, and investors need to pay close attention to relevant news.
The impact of the Federal Reserve's interest rate policy on the gold market cannot be ignored. Fed Governor Waller said he is inclined to cut the benchmark interest rate at the December meeting, believing that the current policy rate is already restrictive. The market generally expects the Fed to cut interest rates by 25 basis points in December, and Waller's remarks further strengthened this expectation.
The strong performance of the US dollar usually puts pressure on gold denominated in US dollars. The US dollar index rose 0.59% on Monday, the strongest single-day performance in nearly four weeks, leading to higher costs for gold, which in turn puts pressure on gold prices. Investors need to pay attention to the upcoming economic data, especially those related to inflation and employment, to judge the future policy direction of the Federal Reserve.
Recently, the US manufacturing data has been strong. US manufacturing activity improved in November, and new orders increased for the first time in eight months. The release of these data has strengthened the US dollar and further suppressed gold prices. However, despite the improvement in manufacturing, the overall economy is still facing uncertainty. The ISM Manufacturing Purchasing Managers' Index (PMI) rose to 48.4. Although it is still below the boom-bust line of 50, it is higher than market expectations, showing a certain resilience.
The market is full of expectations for the upcoming non-farm payrolls data, which is expected to provide important clues for the Federal Reserve's monetary policy. If the employment data is strong, it may increase the pressure on the Federal Reserve to continue to cut interest rates in the coming months, otherwise it may support gold prices.
1 The escalation of the exchange of fire between Hezbollah and Israel has further tested the fragile fire-supporting agreement and brought safe-haven support to gold.
2 The market's expectations for the Federal Reserve's interest rate cut have increased, providing support for gold prices.
3 Gold is still in a relatively strong state in the short term.
4 The market is full of expectations for the non-agricultural data to be released this week.
In summary, gold is currently on the strong side.
Today, investors focus on the 1-hour support area below, and go long on gold after the gold price rebounds and stabilizes.
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
Gold: Are You Stuck?After experiencing a setback, we are now steadily making profits again. Today, gold has finally lived up to our expectations. By employing high-frequency trading, we executed several orders and achieved substantial gains.
The MA60 has successfully completed a test, but several other MAs are acting as resistance. Therefore, in the upcoming trades, I plan to continue selling until MA5 becomes support again, at which point I will switch to buying.
Gold: Corrective Rebound Expected Before Further Decline
Yesterday, gold experienced extreme volatility, surging before a sharp sell-off. Today, the market should see less fluctuation as much of the news has been priced in. However, another key report is expected during New York trading hours, and I believe short positions will be more favorable following its release.
Before the data comes out, a long position could be effective, given the steep decline yesterday. There is likely to be a corrective bounce as buyers step in to capitalize on the sharp drop, so I see going long ahead of the news as a good move.