Ready to go long on goldGood morning, bros! Let's re-examine the gold market together!
Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure;
However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area.
So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like 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!
Goldprediction
XAUUSD WIL SOON RETRUN TO 2670 SERIESXAUUSD Scalping and Swing Trading Opportunities: The gold market offers traders a unique mix of rapid intraday movements and longer-term price trends. Scalping provides opportunities for quick profits by capitalizing on minor price fluctuations, while swing trading allows for capturing larger market moves over days or weeks. With precise analysis, disciplined risk management, and a keen eye on technical and fundamental indicators, traders can strategically navigate the volatility of XAUUSD to maximize gains in both short and mid-term trades.
Gold Eyes $2,604 and $2,562 TargetsGood morning traders,
Trust your day is off to a great start. Take a moment to read my analysis of the Gold market, and give your view.
Overview
Gold is currently trading at $2,662.25, caught between a bullish and bearish triangle range. This follows an impulsive upward movement from Friday’s low of $2,612.89, driven by the Non-Farm Payroll (NFP) data. However, the upward momentum appears to have stalled, with price action signaling potential reversal patterns.
Idea
The price formation resembles a double top, a bearish pattern, with a strong resistance zone above, suggesting a possible downward move. If the price breaks below the neckline, it would confirm bearish momentum. Key support levels to monitor include $2,604.59 and $2,562.67. Conversely, if the price breaks above the $2,689.29 resistance level, the bearish scenario would be invalidated, signaling a continuation of bullish momentum.
Conclusion
Gold's current price action presents a mixed outlook. While the double top and resistance zone hint at a bearish move, the market must confirm this by breaking the neckline.
Cheers and happy trading!
12.10 If gold falls back, go longYesterday, the gold market opened high at 2645.3 in the early trading due to fundamental risk aversion news. After that, the market first filled the gap and reached 2627.2. After that, the market rose strongly. The daily line reached 2676.4 and then the market consolidated. The daily line finally closed at 2660. After that, the market closed with a spindle pattern with long upper and lower shadows.
BUY: 2645 Stop loss: 2640 2635
$: 2657, 2667, 2677. Breakthroughs look at 2685, 2692, 2702-2710.
GOLD ROUTE MAP UPDATEHey Everyone,
Smashing start to the week with our chart idea playing out perfectly, as analysed.
We started the day with our first bullish target hit at 2645. This followed with ema5 cross and lock above 2645 opening 2661, which was hit perfectly completing this gap.
We now have a gap left at 2679, which fell just short and as long as 2661 holds, we will look for this gap to be completed. However, if we see ema5 lock below 2661, then we are likely to see lower Goldlturns tested to find support again.
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
2645 - DONE
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661 - DONE
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
BEARISH TARGETS
2626
EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612
EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE
SWING RANGE
2599 - 2584
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
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.
12.10 Geopolitical gold prices are expected to riseThe oscillating market is a market that accumulates momentum. The longer the oscillation lasts, the longer the unilateral continuation will last after the breakthrough. This is the basic law of the market trend.
In the morning of December 9, the price of gold rose first, which was a response to the risk events over the weekend. The safe-haven property of gold was reflected again.
The situation in the Middle East (Syria) is deteriorating continuously and rapidly. Its opposition has seized control of the capital Damascus, and the top leader has been forced to flee. This "evolution" is the key to the deterioration of the incident, which has aggravated market concerns.
Intraday analysis suggestions:
In the short term, the support below the gold price is $2,620. This position has been tested and tested many times in the early stage. The upper pressure is at $2,660 and the strong pressure is at $2,670. The early week period can maintain a bullish trend on the strong support of $2,620.
The pressure shown by the technical side is very obvious at the moment, but the fundamental support factors also exist. This is the reason for the continuous struggle between long and short positions, and it is also the reason for the breakthrough. On the whole, after the oscillation or struggle between long and short positions, the probability of the long side winning is relatively high. Therefore, the transaction can be mainly long on dips
XAUUSD 1HR CHART UPDATEXAUUSD Analysis The price has decisively broken through the previous resistance zone, confirming bullish momentum, and is now on track to potentially reach the next significant level at 2678. This move sets the stage for a strategic buying opportunity tonight let's watch the market together...
World gold prices were under pressure last week from USDWorld gold prices were under pressure last week when the USD index increased. Recorded at 7:00 a.m. on December 8, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,040 points (up 0.32%).
Kitco News's latest survey shows that experts continue to be divided, while individual investors are optimistic about gold prices next week.
“I expect gold prices to rise next week, as long as the $2,600/ounce level holds. Three central banks in the G10 group will cut interest rates and the market predicts two banks (the Bank of Canada and the Swiss National Bank) may cut interest rates by 25 basis points" - Marc Chandler - CEO Executive at Bannockburn Global Forex - said.
"The downtrend line from the record high in late October will be near $2,680 an ounce on Monday and fall to around $2,660 an ounce by the end of next week," he added.
🔥 TVC:GOLD SELL 2657 - 2659🔥
💵 TP1: 2650
💵 TP2: 2640
💵 TP3: OPEN
🚫 SL: 2670
Gold on daily timeframe
As I mentioned in the previous analysis of gold, the $2600 level is a critical zone. The price has previously been rejected from this level and is currently showing signs of further upward movement. The next potential price target could be $2750.
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If you have any specific areas you would like to refine or if you need further assistance, please let me know!
#XAUUSD 1HR CHART LOOKOUTThe XAU/USD market is showing strong indications of a bullish breakout, with price action aligning to support further upward momentum. Key resistance levels are being tested, and buyer confidence is increasing as technical indicators favor a move higher. With steady demand for gold as a safe-haven asset, the market appears poised for a sustained rally, creating opportunities for upward moves in the sessions ahead.
XAUUSD SELLING ?? FIB REJECTION=PRICE DELFLECTIONIt seems that gold is struggling to break key Fibonacci levels. I think this is partly due to the volatility in the cryptocurrency market. In my opinion, there is a distinct correlation between Bitcoin rising and gold falling. While I don’t believe this trend will be permanent, in an uncertain financial climate, I think investors are still determining their "best bet." My bias is that gold will reject the 0.23 Fibonacci level and end up retesting support. This play could take a few days to set up.
ENTRY: 2685
TP1: 2653
TP2: 2618
TP3: 2584
TP4: 2561
SL: 2708
$GOLD UPDATE ( look at the last gold analys) Gold reacted positively to our analysis and has followed the projected path. It is expected to form a strong new resistance level soon, with a potential correction towards 2660 to 2680. However, this correction will primarily serve as a retest of the support zones, after which we will continue on the upward trend.
XAUUSD Gold price (XAU/USD) struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to stick to modest gains through the first half of the European session. The US Treasury bond yields remain suppressed amid bets that the Federal Reserve (Fed) will lower borrowing costs in December. This, in turn, keeps the US Dollar (USD) near a multi-week low and acts as a tailwind for the non-yielding yellow metal. Apart from this, a slight deterioration in the global risk sentiment, geopolitical tensions and trade war fears turn out to be other factors underpinning the safe-haven Gold price. That said, expectations for a less dovish Fed, bolstered by hopes that US President-elect Donald Trump's policies will boost inflation, keep a lid on any further gains for the XAU/USD. Traders also seem reluctant to place aggressive directional bets ahead of the release of the US Nonfarm Payrolls (NFP) report. Gold has experienced a growth wave, peaking at 2,666.35, followed by a correction down to 2,616.60. A new growth impulse towards 2,663.00 is underway, and we anticipate the formation of a consolidation range around this level. If the price breaks upward, it may continue its ascent towards 2,714.00. The MACD indicator supports this bullish outlook, with its signal line hovering near zero and pointing upwards
XAU/USD Longs from 2,590 or 2,570?Gold has been trading within a range, creating significant liquidity both above and below the current price. Once this consolidation phase breaks, I anticipate a reaction from either my supply or demand zones. Overall, my bullish outlook on gold remains intact.
I am particularly focused on the demand zones around 2,570 and 2,590, which I’ve marked as key areas. If the price reaches these levels, I expect a slowdown, allowing for accumulation before initiating a new rally to the upside.
Confluences for GOLD Buys:
- Bullish Market Structure: Higher timeframes continue to show strong bullish momentum.
- Break of Structure: Price has broken key levels to the upside.
- Unmitigated Demand Zone: Price needs to revisit these areas before continuing higher.
- Liquidity Above: There’s a notable amount of upside liquidity, particularly around Asian session highs.
Note: If gold takes out the upside liquidity, I’ll shift my focus to potential sells around 2,670, targeting the 5-hour supply zone for a reversal back down.
Gold is in the Bearish Direction after Trendline BreakoutHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAU sells to push lower?We have surprisingly been seeing a steady ongoing short of Gold over the past weeks and anticipate it to continue pushing lower to the downside. We have two scenarios that could play out this week:
Scenario A being price pushes down taking the ASL from last week and reacting from the daily demand zone to push up. However, I don't believe that this will have gold pushing past the previous high but rather grabbing liquidity in order to continue in it's downtrend.
Scenario B we see market open price may validate the CHOCH to the downside before taking the ASH and the consolidation that's created pools of liquidity to both the upside and the downside and reacting from the 3H supply zone and continue melting taking liquidity from below that has been building up over the past months.
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 2645 and a gap below at 2626. 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
2645
EMA5 CROSS AND LOCK ABOVE 2645 WILL OPEN THE FOLLOWING BULLISH TARGET
2661
EMA5 CROSS AND LOCK ABOVE 2661 WILL OPEN THE FOLLOWING BULLISH TARGET
2679
EMA5 CROSS AND LOCK ABOVE 2679 WILL OPEN THE FOLLOWING BULLISH TARGET
2697
BEARISH TARGETS
2626
EMA5 CROSS AND LOCK BELOW 2626 WILL OPEN THE FOLLOWING BEARISH TARGET
2612
EMA5 CROSS AND LOCK BELOW 2612 WILL OPEN THE SWING RANGE
SWING RANGE
2599 - 2584
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
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price lay between two weighted levels with a gap above at 2648 and a gap below at 2629, as weighted Goldturns and will need 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
2648
EMA5 CROSS AND LOCK ABOVE 2648 WILL OPEN THE FOLLOWING BULLISH TARGET
2675
EMA5 CROSS AND LOCK ABOVE 2675 WILL OPEN THE FOLLOWING BULLISH TARGET
2701
EMA5 CROSS AND LOCK ABOVE 2701 WILL OPEN THE FOLLOWING BULLISH TARGET
2726
EMA5 CROSS AND LOCK ABOVE 2726 WILL OPEN THE FOLLOWING BULLISH TARGET
2749
BEARISH TARGETS
2629
EMA5 CROSS AND LOCK BELOW 2729 WILL OPEN THE FOLLOWING BEARISH TARGET
2604
EMA5 CROSS AND LOCK BELOW 2604 WILL OPEN THE SWING RANGE
SWING RANGE
2583 - 2561
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
WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Another update on the weekly chart idea we have been tracking for over a month now and still playing out as analysed.
As stated already this chart allowed us to project the long term corrections and direction. We are using this chart to track our bullish targets until no ema5 lock to confirm rejections on the levels.
The channel top is continuing to provide support like we stated last week, although we saw candle body close below the channel 2 weeks ago, there was no ema5 break into the channel confirming the support and rejection, which allowed us to identify the fake-out and confirm the support.
This is the beauty of our Gold channels, which we draw in our unique way, using averages rather than the price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
As long as we see no lock below into the channel, we cane safely continue with our plans to buy dips in this range.
We will continue to track the movement down and trade the bounces up, inline with our plans to buy dips, using our smaller time-frames, keeping in mind the long range gaps above for the future.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX