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GOLD MONTHLY CHART LONG TERM/RANGE ROUTE MAPHey Everyone, This is the monthly chart idea for our long term/range analysis, which we shared last update in November. Previously after completing the bull targets, we were left with a big detachment to ema5. This was hit and completed for the correction, as highlighted by the circle on the chart, which also gave the bounce, allowing us to buy dips inline with our plans. This month also started with a detachment to ema5 below for a correction, which was nearly completed and can be pulled up to complete, also highlighted with a small mini circle on the charts for visual purpose. This area above 2689 is a strong level of support with ema5 providing dynamic support now for a bounce. Each of the lower Goldturn levels below are likely to give re-actional bounces just like our shorter time frame ideas. However, we will keep in mind the channel top that may require a support test. We will continue use all support structures, across all our multi time frame chart ideas to buy dips also keeping in mind our long term gap 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
5
The gold shock gradually weakened, and the later layout was main Last night's non-agricultural market did not directly kill the big unilateral market as many people expected. Instead, the market was relatively calm. The overall trend continued to remain in a weak trend of shock, and the moving average suppression position was very obvious. The highs were getting lower and lower. There was no sharp rise or fall, but the continuous decline would be more persistent! Then it must be clear and simple for our later layout! Short, continue to short on rebound! Then the current situation is also very simple. The upper high pressure from 2654 to 2645 gradually decreases. Under the premise of a clear decline, the high point of the gold price rebounding again is expected not to exceed the 2645 line. Next week, the opening will first refer to 2645 to arrange short orders! If the rebound price breaks through 2645 and is below 2654, you can choose to increase your position appropriately according to your position situation! Specific strategy Gold next Monday's strategy is 2645 short, stop loss 2655, target 2630
FOREXCOM:XAUUSDShort
by Yuliya1l11
GOLD ROUTE MAP UPDATEHey Everyone, A Piptastic finish to the week with our chart levels respecting and playing out like we analysed. We tracked and traded the 1H chart all week, which was playing in a tight range, allowing us to use the weighted levels for the bounces throughout the week, taking advantage of the 30 to 40 pip weighted bounces. This is now the 4h chart that we shared on Sunday and as you can see the retracement range was tested to perfection today, clearing 2612 bearish target, followed with the bounce just like we stated, completing the week with a bag full of pips. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
Gold 2645 continues to be short During the Asian session on Friday, December 6, gold fell from 2635 to 2613, and then suddenly soared in the short term. The price of gold has risen sharply from the intraday low of around 2613 US dollars per ounce, and the current price of gold is around 2643 US dollars per ounce. There are reports that South Korea may have a second martial law, which has rapidly heated up the market's risk aversion and stimulated a sharp rise in gold prices. Analysis and interpretation of gold trends! Gold rose first and then fell yesterday, and the final rebound stopped at 2655. The trend is in line with our bearish expectations. As for the market falling and breaking, it is a normal market! Yesterday morning, due to the negative news of data, gold fell under pressure, and continued to fall in the early trading today. As the support position of 2606 is close below, it is no longer appropriate to chase the short position! In terms of trend, gold lacks upward momentum at the 4-hour level, and the market fell after testing the 2660 position three times in a row. This week, the market has been maintained in a small range of 2630 and 2650. It is inevitable that the breakout will accelerate. At present, the bulls are under serious pressure. Unlike the previous continuous rise, this week has been weak and volatile. So we can continue to maintain the high-altitude thinking unchanged! Gold point: European session 2643-45 directly short, defense 55, target to 2613-06!
FOREXCOM:XAUUSDShort
by Yuliya1l11
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management. Technical Analysis: Daily Chart: • Price struggles below the mildly bearish 20 SMA. • Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend. • Momentum indicators remain neutral, supporting the absence of bullish reversal signs. 4-Hour Chart: • XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA. • The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower. • Indicators are aligned with bearish momentum, suggesting further downside. • Support Levels: $2,626.70, $2,611.35, $2,598.70 • Resistance Levels: $2,643.30, $2,655.00, $2,671.55 Fundamental Analysis: The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data: • ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength. • Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist. • Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD. Trade Management: • Entry near $2,645 with clear rejection signals. • Stop Loss: Placed above $2,659 to manage risk efficiently. • Targets: Initial take profit at $2,622, with a potential extension to $2,610. • Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches. • Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
Mainly short gold, but there is still an opportunity to go long.Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area; But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580. Trading strategy: 1. Short gold with 2630-2635 area as resistance; 2. Try to long gold with 2610-2600 area as support (only try once) 3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area Bros, how are you going to trade 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!
OANDA:XAUUSDShort
by Trader_Marvin
XAUUSD Trade Log - Monthly Swing TradeXAUUSD Swing Long Trade This is a high-confidence swing trade setup with multiple confluences across monthly and daily timeframes. Trade Details : - Risk: 5% of capital - Risk-Reward Ratio (RRR): 1:4 - Entry: Anywhere within the monthly Fair Value Gap (FVG), which has a 90-point range. You may DCA (Dollar Cost Average) into your position for better flexibility, though this is discretionary. - Confluence: Signals align from the monthly down to the daily charts, indicating strong bullish momentum. Macro Factors Supporting Gold Longs : - Safe-Haven Demand: Global geopolitical tensions, including conflicts in the Middle East and Eastern Europe, have driven investors toward gold as a risk-averse asset. - Rising Recession Risks: With several central banks maintaining high interest rates for prolonged periods, economic slowdown fears are rising, further boosting gold demand. - Central Bank Purchases: Central banks worldwide, especially in emerging markets, continue to accumulate gold reserves to reduce reliance on the US dollar. - Inflation Hedging: Persistent inflation concerns make gold an attractive hedge, particularly as real yields show signs of plateauing. - Weakened Dollar Outlook: A potential pivot in US Federal Reserve policy could weaken the dollar, which would likely support gold prices in the medium to long term. This swing trade offers a strong opportunity to capitalize on the current macroeconomic and technical landscape favoring gold's upward momentum. Stay aware of any unexpected fundamental developments that could influence the market.
OANDA:XAUUSDLong
by Fondera
12.6 Gold breaks bottom to welcome non-agricultural sector!Tonight's non-agricultural data, the market is divided into two sections: 1. Before the non-agricultural data, according to the current rhythm, it is considered to be volatile, so change the range or short, volatile 618, choose the intraday decline and rebound 618 position, you can also short. 2. Non-agricultural data, last month's non-agricultural data was only 12,000. According to ADP, it is bullish for gold, but the data is bullish, and the probability of non-agricultural data being negative is not high. It can only be lower than expected. At the same time, the increase in unemployment rate is bullish for gold. This is also difficult. So for the evening non-agricultural data, the current decline will either release the non-agricultural trend in advance or rush down and fall back. It is unlikely to be simply bearish. The intraday short-term 618 position is at the 2626-8 line, which can be blocked for the second time. Non-agricultural support, if it continues to break the bottom, don't grab more, this kind of continuous bottom breaking, more is meaningless. See if it bottoms out and rebounds, and treat it as a new range of fluctuations. Focus on the 100-day moving average position below, the daily large-scale support level In addition, according to our shock formula, short-term and long-term opportunities are not available at the moment. Before the non-agricultural market, there will be a second reminder, just follow the members.
TVC:GOLDShort
by AIan_Gold
1
Gold Short Scenario for NFPGold prices dropped by $25 on Thursday, December 4, breaking below the consolidation zone. It's common for gold to test both the highs and lows of consolidation areas ahead of major data releases. I view this decline as a potential manipulation of the lows, anticipating a rebound toward the 2658 level to target the highs before a stronger sell-off resumes after the data release. Alternatively, the price might extend this manipulation phase further, reaching the 2675-2680 level, where the H4 order block aligns with the upper boundary of the descending channel. 1st Scenario Short Entry: 2658 Stop Loss: 2663 2nd Scenario: Short Entry: 2675 Stop Loss: 2690 Targets: 2622 > 2605 > 2589 > 2560 >...>2430
OANDA:XAUUSDShort
by srhttekin
Bitcoin Hits $100K: What Does It Mean for Gold?Bitcoin’s historic surge past $100K has reignited debates about its role in the financial world. Fed Chair Jerome Powell weighed in, calling Bitcoin a "speculative asset," likening it to virtual gold rather than a competitor to the dollar: "It's highly volatile, not a store of value or form of payment. It's really a competitor for gold." With Bitcoin soaring, many are asking: Could this mark the beginning of a stronger correlation between Bitcoin and gold, or are they destined to move on separate paths? Gold Faces Its Own Test While Bitcoin grabs the headlines, gold prices slipped below $2,630 per ounce, pressured by firming U.S. Treasury yields. Benchmark 10-year yields rose 0.6%, as markets anticipate today’s U.S. Non-Farm Payrolls (NFP) report, expected to show 200,000 new jobs. A weaker report could lift gold, especially as traders assign a 74% chance of a 25-basis-point Fed rate cut in December. Fed Chair Jerome Powell has emphasized caution, acknowledged the economy’s resilience but signaling a careful approach to rate cuts. Gold, often a winner in low-rate environments, now finds itself at a critical juncture. Our Trading Plan for Gold Key levels to watch as we await the NFP report: $2,630: Monitor for price reactions to this recent support. $2,537–$2,530: Look for potential opportunities at this deeper support range. The Bigger Picture As Bitcoin claims new highs and challenges gold’s status as a store of value, gold continues to be swayed by macroeconomic forces. Will gold bounce back, or is it preparing for further dips as Bitcoin surges? Let us know your thoughts—will Bitcoin and gold align as Powell suggests, or will their paths diverge further? For more in-depth gold analysis and updates, stay tuned. And as always, happy trading!
TVC:GOLDShort
by InwardTrader
1
12.6 Gold shock awaits non-agricultural sector① Gold was still in a range yesterday and needs to wait for Friday's non-farm payrolls; ② The current daily indicator MACD is oscillating near the zero axis, and the dynamic indicator STO is oscillating upward with two lines; it means that there is no direction. ③ The daily Bollinger Bands are beginning to shrink and compress the range on the three tracks. The current upper and lower track range is 2705-2558, and the small range is the middle track and MA30 adhesion point 2631-2667 ④ The current 4-hour moving average is entangled with the middle track, and the upper and lower tracks are running flat, which means range oscillation. The current range is 2629-2656. Strategy: Long near 2615, defend 2605, and target 2644-2650-2658 Short near 2660-62, defend 2669, and target 2650-2645
TVC:GOLD
by AIan_Gold
1
GOLD DAILY CHART UPDATEHey Everyone, Another ranging day on the charts today, which works perfectly with our strategy and plans to buy dips, as we are able to continue to use the weighted level to take the bounces. Please see the daily chart update, to give you all an overall view of the range. We are playing between two weighted levels 2629 and 2686. 2629 is still providing support with no ema5 lock below. This is allowing us to use our smaller timeframe analysis on the 1H 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
16